Jan 30, 2019   SOURCE: BusinessWire

Global Lubricants Market, 2019-2023 - The Key Players are BP, Chevron, Exxon Mobil, PetroChina, Shell and Total - ResearchAndMarkets.com

The "Global Lubricants Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The lubricants market will register a CAGR of almost 3% by 2023.

Rising need for technological upgrade to drive growth in the market

Owing to the technological upgrades in the production of industrial equipment, automobiles, and other machinery, the demand for eco-friendly and high-performance lubricants is growing across the globe.

Increasing demand from end-user industries

Although the automotive industry is the key consumer of lubricants, the global lubricants market is also driven by construction, steel and cement, wind energy, agriculture, mining and oil drilling, marine and aerospace industries.

The high price of synthetic lubricants is one of the major challenges affecting the growth of the market

The cost of manufacturing synthetic lubricants is high as complex processes are involved in the production of the finished product. The cost is a significant factor that plays a crucial role in customers choosing a reasonably priced product. As the production process of synthetic lubricants is complex, it adds to the final cost of the product.

Key Players

  • BP
  • Chevron
  • Exxon Mobil
  • PetroChina
  • Shell
  • Total

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY APPLICATION

PART 07: CUSTOMER LANDSCAPE

  • Comparison by application
  • Automotive oils - Market size and forecast 2018-2023
  • Industrial oils - Market size and forecast 2018-2023
  • Process oils - Market size and forecast 2018-2023
  • Metalworking fluids - Market size and forecast 2018-2023
  • Greases - Market size and forecast 2018-2023
  • Market opportunity by application

PART 08: MARKET SEGMENTATION BY PRODUCT

  • Comparison by product
  • Mineral oil-based lubricants - Market size and forecast 2018-2023
  • Synthetic lubricants - Market size and forecast 2018-2023
  • Bio-based lubricants - Market size and forecast 2018-2023
  • Market opportunity by product

PART 09: CUSTOMER LANDSCAPE

PART 10: GEOGRAPHIC LANDSCAPE

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

  • Capacity expansions and product development
  • Emergence of bio-based lubricants
  • Rising need for technological upgrade

PART 13: VENDOR LANDSCAPE

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BP
  • Chevron
  • Exxon Mobil
  • PetroChina
  • Shell
  • Total

For more information about this report visit https://www.researchandmarkets.com/research/pckcxm/global_lubricants?w=4