DUBLIN--(BUSINESS WIRE)--The "Construction Lubricants Market by Base Oil (Mineral and Synthetic), Product Type (Hydraulic Fluid, Engine Oil, Gear Oil, Compressor Oil) and Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The construction lubricants market is expected to grow from USD 12.63 billion in 2017 to USD 15.64 billion by 2022, at a CAGR of 4.37% between 2017 and 2022.
The growth of the construction industry in APAC and Middle East & Africa regions, coupled with the rise in automation in construction industry is driving the market for construction lubricants. The improved quality of lubricants is also expected to drive the market between 2017 and 2022. However, factors such as technological advancements that have led to the development of compact equipment and oil rejuvenation are expected to restrain their demand during the forecast period.
Synthetic oil-based lubricants have several advantages over conventional mineral-based lubricants such as high performance in extreme conditions, higher shear stability & drain intervals, better viscosity index, and chemical resistance. Increased consumer awareness, stringent regulations, and favorable properties of synthetic oil-based lubricants such as water solubility are expected to drive the synthetic construction lubricants market during the forecast period.
The construction lubricants market in APAC is projected to grow at the highest CAGR between 2017 and 2022. Economic growth of emerging countries and increasing disposable income of the middle-class population of the region are making APAC an attractive market for construction lubricants manufacturers. Domestic and foreign investments in construction have been consistently growing over the past decade in this region. The rising investment in infrastructure development in the developing countries of APAC are also fueling the growth of the construction lubricants market in the region.
- High Growth of Construction Industry in APAC and the Middle East & Africa
- Growing Demand for High-Quality Lubricants
- Rise in Automation in Construction Industry
- Technological Advancements
- Oil Rejuvenation
- Development of Zinc-Free (Ashless) Lubricants
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Construction Lubricants Market, By Base Oil
7 Construction Lubricants Market, By Equipment Type
8 Construction Lubricants Market, By Product Type
9 Construction Lubricants Market, By Region
10 Competitive Landscape
11 Company Profiles
- Royal Dutch Shell
- British Petroleum (BP)
- Chevron Corporation
- Petrochina Company
- Indian Oil Corporation
- Fuchs Petrolub SE
- Phillips 66 Company
- Bel-Ray Company LLC.
- Morris Lubricants
- Penrite Oil
- Liqui Moly GmbH
- ENI SPA
- Addinol Lube Oil GmbH
For more information about this report visit https://www.researchandmarkets.com/research/3gxt57/construction?w=4