Skip to main content

Lubricants Market - Positive Long-Term Growth Outlook 2025

Increasing demand for a diverse, innovative grade of lubricants for industrial as well as automotive applications is expected to drive growth. The Global Lubricants Market size is expected to reach USD 166.25 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a 3.8% CAGR during the forecast period.


With the expansion of the passenger vehicles segment, there has been a rise in demand for high-quality automotive lubricants with better fuel efficiency and lower emissions. Government schemes in emerging economies, such as the “Make in India” program initiated by the Indian government, have attracted high foreign investments across the automotive industry. This has further boosted demand for lubricants.

Stable base oil production across regions has stimulated feedstock security among blenders in the recent past. Stable supply would thereby address profitability concerns of manufacturers, thereby positively influencing industry competition. Moreover, recovering end-use industries are likely to drive sales of lubricating oil, which is slated to provide equilibrium to the supply-demand scenario.

In addition, high growth in the base oil market, rapid industrialization, burgeoning population and urbanization, and high growth in major end-use industries such as textiles, chemicals, food processing, and metalworking are some other factors driving industry growth.

To Know More About Lubricants Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/lubricants-market

Industrial engine oils are being utilized in a wide array of applications owing to their exceptional inherent characteristics. These oils are designed to offset rising fuel and operating costs. They have a lower coefficient of friction, which helps in saving fuel and at the same time, keeps the engine clean for maximum combustion efficiency. These oils also help in keeping ports, piston, crankcase, and filters clean for a longer duration.

Market Segmentation of Lubricants Market:

The Global Lubricants Market segmented on the basis of Application and Region.

By Application:

    Industrial
        Process oils
        General industrial oils
        Metalworking fluids
        Industrial engine oils
        Greases
    Automotive
        Engine oils
        Gear oils
        Transmission fluids
        Brake fluids
        Coolants
        Greases
    Marine
        Engine oil
        Hydraulic oil
        Gear oil
        Turbine oil
        Greases
    Aerospace
        Gas turbine oils
        Piston engine oils
        Hydraulic fluids

By Region:

    North America
    Europe
    Asia Pacific
    Central and South America
    Middle East & Africa

Inquire about Lubricants Market with Our Experts @ https://www.grandviewresearch.com/inquiry/355
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Electronic Adhesives Industry: Global Survey, Trend Overview and 2022 Forecast

Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period. The Global Electronic Adhesives Market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc.   Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants. Electrically conductive adhesives emerged as the largest product segm...
Post a Comment
Read more

Colored Polyurethane (PU) Foams Market Outlook and Global Foresight to 2022

The market is expected to be driven by increasing developments in electronic appliances, automotive, footwear and packaging industries. Growing demand for high performance materials from automotive industry is expected to drive global colored PU foams market over the forecast period. The Global Colored Polyurethane (PU) Foams Market is expected to reach USD 20.33 billion by 2022, according to a new report by Grand View Research, Inc. Increasing construction spending in Asia Pacific is also expected to have a positive influence on the market growth. Volatile MDI/TDI prices are expected to challenge market profitability. Flexible colored PU foams were the leading product segment and accounted for over 55% of total market volume in 2014. They are widely used for cushioning applications mainly in furniture & interiors and packaging industries. Rigid PU foams are expected to witness the highest growth of 5.2% from 2015 to 2022. Growing demand for insulation products acros...
Post a Comment
Read more