DUBLIN--(BUSINESS WIRE)--The "Global Lubricants Market - Segmented by Product Type, End-user Industry, and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global lubricants market is expected to register a CAGR of 2.19% during the forecast period, 2018 to 2023. Asia-pacific is the major consumer of lubricants across the globe holding a global share of almost 45%.
Lubricants are primarily used by OEMs during the production of automobiles. These are also used extensively in the automotive refinish and aftermarket. With rising consumer spending and growing population in Asia-Pacific, the global automotive production has been increasing constantly. According to ACEA (European Automobile Manufacturers Association), the global production of motor vehicles was about 96.1 million units in 2016. Asia-Pacific and Europe have been the prime regions supporting the growth of automotive production, with year-on-year growth rates of 7.6% and 2.5% respectively for 2015-16.
China is the largest lubricant market and is expected to remain so, irrespective of the economy witnessing slow economic growth. The government is focusing on replacing the obsolete equipment, in turn increasing the demand for improved and high performance lubricants. India is the second largest lubricant market in the region and the third largest in the world.
- Royal Dutch Shell
- China Petrochemical Corp.
- Fuchs Petrolub Se
- JXTG Nippon Oil & Energy Corporation
- Valvoline Inc.
- Petronas Lubricants International
- PT Pertamina
- Gazpromneft - Lubricants Ltd.
- Indian Oil Corp. Ltd.
- Gulf Oil Corporation Limited
- Hindustan Petroleum Corp. Ltd.
- Idemitsu Kosan Co. Ltd
- Illinois Tool Works Inc.
- Tide Water Oil Co. Ltd
- Petrofer Chemie H R Fischer Gmbh + Co. Kg
- SK Lubricants Co. Ltd.
- Bharat Petroleum Corp. Ltd.
- BASF SE
- ENI SPA
- Amsoil Inc.
- Blaser Swisslube AG
- Caltex Australia Group
- Klber Lubrication And China National Petroleum Corp.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Lubricants Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/t6jhs3/global_lubricants?w=4