V2 OGL-Slickest Oil and Gas Trends 2022

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NEWSIndustrial Lubricants MarketReport, 2019 - World Market Set tobe Valued at $29.79 Billion by 2025The global industrial lubricants marketis expected to grow at a CAGR of 6.4%from 2019 to reach $29.79 billion by2025. Moreover, in terms of volume,the market is expected to grow at a CAGR of2.3% from 2019 to reach 18,473.5 thousandtons by 2025.The factors such as growing automationin end-use industries and strong industrialgrowth in emerging economies are drivingthe growth of the global industrial lubricantsmarket. Moreover, increasing demand foreco-friendly lubricants offers significantgrowth opportunities for this market. However,stringent regulations and high cost of syntheticlubricants hinder the growth of this market.gear oil, compressor oil, grease, turbine,and others), industry (construction & mining,metal production, cement & chemicals, powergeneration, oil & gas, food & beverages,general manufacturing), and geography. Thestudy also evaluates industry competitors andanalyzes the market at a regional and countrylevel.On the basis of lubricants type, the hydraulic oilsegment is estimated to account for the largestshare of the overall industrial lubricants marketin 2019. The large share of this segment ismainly attributed to growing demand from enduserindustries, specifically from constructionand mining; and its low cost as compared toother types of industrial lubricants.The global industrial lubricants market studypresents historical market data in terms ofvalue and volume (2017 and 2018), estimatedcurrent data (2019), and forecasts for 2025,by type (hydraulic oil, metalworking fluids,Based on industry, the power generationindustry is estimated to command the largestshare of the overall industrial lubricants marketin 2019. This is mainly attributed to increasingurbanization and growing population, growing48
demand for electricity, steady economicgrowth, rising number of power generationplants, and an increase in the number ofindustries in emerging economies.An in-depth analysis of the geographicalscenario of the industrial lubricants marketprovides detailed qualitative and quantitativeinsights about the six major geographies(North America, Europe, Asia-Pacific, LatinAmerica, Middle East, and Africa) alongwith the coverage of major countries in eachregion. Asia-Pacific region commanded thelargest share of the global industrial lubricantsmarket, followed by North America, Europe,Latin America, the Middle East, and Africa.The large share of this region is mainlyattributed to growing economy; rapidgrowth in industrialization and infrastructuraldevelopments; rising private and governmentinvestments; cost-effective manufacturingoperations; availability of cheap skilled labor;and presence of a large number of lubricantmanufacturers.The key players operating in the global industriallubricants market are Shell International B.V.,Exxon Mobil Corporation, BP P.L.C., ChevronCorporation, Total Lubrifiants, China NationalPetroleum Corporation, China Petroleum &Chemical Corporation (SINOPEC CORP.),LUKOIL, FUCHS PETROLUB SE, IdemitsuKosan Co. Ltd., Klber Lubrication, HindustanPetroleum Corporation Limited, Eni S.P.A., TheLubrizol Corporation, and Morris Lubricantsamong others.Global Industrial LubricantsMarket, by Type5.1. Introduction5.2. Hydraulic Oil5.3. Metalworking Fluids5.4. Gear Oil5.5. Compressor Oil5.6. Grease5.7. Turbine OilGlobal Industrial LubricantsMarket, by Industry6.1. Introduction6.2. Construction & Mining6.3. Metal Production6.4. Cement & Chemical6.5. Power Generation6.6. Oil & Gas6.7. Food and Beverages6.8. General ManufacturingCompany Profiles9.1. Morris Lubricants9.2. The Lubrizol Corporation9.3. Eni S.P.A.9.4. Hindustan Petroleum Corporation Limited9.5. Idemitsu Kosan Co., Ltd.9.6. Lukoil9.7. China Petroleum & Chemical Corporation(Sinopec Corp.)9.8. Total Lubrifiants9.9. Shell International B.V.9.10. Exxon Mobil Corporation9.11. BP P.L.C. (Castrol)9.12. Klber Lubrication Mnchen Se & Co. Kg(Subsidiary of Freudenberg Group)9.13. FUCHS PETROLUB SE9.14. China National Petroleum Corporation9.15. Chevron Corporation49
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V2 OGL-Slickest Oil and Gas Trends 2022

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