Burden of COVID-19 on the Market & Rehabilitation Plan | Industrial Lubricants Market 2020-2024 | Increasing Demand From End-user Industries to Boost Growth | Technavio

Technavio has announced its latest market research report titled Global Industrial Lubricants Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the industrial lubricants market and it is poised to grow by 0.89 mn MT during 2020-2024, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BP Plc, China National Petroleum Corp., Exxon Mobil Corp., FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., Oil and Natural Gas Corp. Ltd., PJSC LUKOIL, Royal Dutch Shell Plc, and Total SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Increasing demand from end-user industries has been instrumental in driving the growth of the market. However, weak global economic outlook might hamper the market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/industrial-lubricants-market-industry-analysis

Industrial Lubricants Market 2020-2024: Segmentation

Industrial Lubricants Market is segmented as below:

  • Product by Volume
    • Mineral Oil Lubricants
    • Synthetic Lubricants
    • Bio-based Lubricants
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43659

Industrial Lubricants Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The industrial lubricants market report covers the following areas:

  • Industrial Lubricants Market Size
  • Industrial Lubricants Market Trends
  • Industrial Lubricants Market Industry Analysis

This study identifies the emergence of bio-based lubricants as one of the prime reasons driving the industrial lubricants market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Industrial Lubricants Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist industrial lubricants market growth during the next five years
  • Estimation of the industrial lubricants market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial lubricants market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial lubricants market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product by Volume

  • Market segments
  • Comparison by Product by volume
  • Mineral oil lubricants - Market size and forecast 2019-2024
  • Synthetic lubricants - Market size and forecast 2019-2024
  • Bio-based lubricants - Market size and forecast 2019-2024
  • Market opportunity by Product by volume

Customer Landscape

Geographic Landscape by Volume

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast
  • Key leading countries
  • Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • BP Plc
  • China National Petroleum Corp.
  • Exxon Mobil Corp.
  • FUCHS PETROLUB SE
  • Idemitsu Kosan Co. Ltd.
  • Indian Oil Corp. Ltd.
  • Oil and Natural Gas Corp. Ltd.
  • PJSC LUKOIL
  • Royal Dutch Shell Plc
  • Total SA

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Industrial Lubricants Market will grow by 0.89 mn MT during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/