Research and Markets: North America and Europe Push Premium, Sustainable Lubricants over Volume says 2014 Study
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/n5qs5g/strategic) has announced the addition of the "Strategic Analysis of the Global Lubricant Market and the Impact of Bio-based Feedstock" report to their offering.
“Strategic Analysis of the Global Lubricant Market and the Impact of Bio-based Feedstock”
This research service identifies the major industry drivers, restraints, regional trends, and technology segment trends in the global lubricants market. The research covers four regions: North America, Europe, Asia-Pacific, and Rest of the World (ROW). The study provides in-depth analysis of automotive, industrial, marine, and aviation segments with percentage splits across regions, product segments, and application segments. Competitive structure and market share analysis have been completed at the total market level. Unit shipment, revenue forecasts, and pricing trends have been provided for each of the segments. The base year is 2012 and the forecast period ends in 2019. The 3 big predictions concern the future of the market.
- The global lubricants market is driven by dynamic advancements in vehicle/equipment design and changing fuel quality, which compel lubricant manufacturers to develop high end formulations.
- Performance requirements are driven further by original equipment manufacturers' (OEMs) demands for improved efficiency, reduced carbon footprints, and optimised fuel consumption. Regulatory authorities are relentlessly working towards developing standards and frameworks to drive the adoption of cleaner, safer, and more efficient lubricants.
- With BRIC countries dominating the global environment, given their increased manufacturing, automotive production, and international trade, lubricants markets are projected to move to developing nations. However, the well developed European and North American markets are expected to remain the central hub for technological advancements. For instance, the adoption of synthetic lubricants is progressing rapidly in these regions in comparison to the Asia-Pacific (APAC) and the Rest of World (ROW) markets, fuelled by regulatory implications and customer demands.
- The global lubricant market is dominated by the leading oil majors, most of which are vertically integrated with crude oil production to lubricant manufacturing. International oil majors, along with regional oil companies, hold a major share in the competitive landscape.
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