The global lubricants market size reached USD 129.81 Billion in 2021 and is expected to register a revenue CAGR of 3.57% during the forecast period, according to a latest analysis by Emergen Research. Rising demand for high-performance engines in the automotive industry is a crucial factor driving revenue growth of the market.
The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
The leading market contenders listed in the report are:
Valvoline Inc., PetroChina Company Limited, Exxon Mobil Corporation, JX Nippon Oil & Gas Exploration Corporation, Shell plc, British Petroleum plc, Quaker Chemical Corporation, China Petroleum & Chemical Corporation, Chevron Corporation, and TotalEnergies SE
The research study examines historic data from 2018 and 2020 to draw forecasts until 2030. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
The report bifurcates the Lubricants market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Base Oil Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
Synthetic Oils
Mineral Oils
Bio-Based Oils
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
Industrial Lubrication
Gear and Engine Oil
Brake Fluids
Greases
Turbines
Vacuum Pumps
Others
End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
Automotive Industry
Aerospace Industry
Marine Industry
Energy Industry
Oil and Gas Industry
Textile Industry
Others
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Lubricants Market report:
The latest report comprehensively studies the global Lubricants market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.