Global Industrial Lubricants Market 2018-2023 with Discussions of Key Players - ExxonMobil, Royal Dutch Shell, Total, and BP - ResearchAndMarkets.com

DUBLIN--()--The "Global Industrial Lubricants Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

The global industrial lubricants market is projected to witness a CAGR of 2.67% during the forecast period to reach the total market size of US$71.413 billion by 2023, increasing from US$60.964 billion in 2017.

Rapid industrialization in emerging economies, increase in process-automation in manufacturing units, rising demand for automobiles and increased trade are some of the major factors driving the global industrial lubricants market. The automation of manufacturing units leads to an increase in efficiency and productivity of machines which further increases the machinery run time resulting in a higher demand for industrial lubricants to prevent equipment failure. However, strict environmental regulation acts as a major restraint in the industrial lubricants market.

The global industrial lubricants market is competitive owing to the presence of well diversified international, regional and local players. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.

Some of the major players discussed in the report are ExxonMobil Corporation, Royal Dutch Shell Plc, Total, and BP Plc among others.

Segmentation

By Base oil

  • Bio based oil lubricants
  • Synthetic oil lubricants
  • Mineral oil lubricants

By Type

  • Grease
  • Gear Lubricants
  • Hydraulic lubricants
  • Compressor lubricants
  • Turbine lubricants
  • Metal working fluids
  • Others (Processing oils, Textile machinery oils)

By End User

  • Marine
  • Automotive
  • Industrial
  • Transportation
  • Textiles
  • Chemicals
  • Power generation
  • Mining
  • Food processing
  • Others

Companies Mentioned

  • ExxonMobil Corporation
  • Royal Dutch Shell Plc.
  • Chevron Corporation
  • Total S.A.
  • BP plc
  • PetroChina Company Limited
  • Eni S.p.a
  • ConocoPhillips
  • Lukoil
  • Aramco

For more information about this report visit https://www.researchandmarkets.com/research/xpjx52/global_industrial?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Lubricants and Greases

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Lubricants and Greases