August 25, 2022 04:18 ET | Source: Research and Markets Research and Markets
Dublin, Aug. 25, 2022 (GLOBE NEWSWIRE) -- The "Industrial Lubricants Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. Industrial lubricants are manufactured to protect machines and equipment from wear and tear, reduce downtime, prolong service intervals, and lower maintenance costs. Industrial lubricants are classified into different types and made from base oils and additives. Opportunities and Trends
The different governments worldwide are creating awareness about the impact of greenhouse gas emissions on the environment. In addition, the government is working closely with environmental agencies and NGOs to lay down stringent emission regulations to reduce the impact of harmful gases on the environment and human health. These regulations create an opportunity for manufacturers to develop eco-friendly industrial lubricants that will fall under all the emission regulations. Bio-based industrial lubricants are manufactured for vegetable oil and synthetic esters. North America and Europe are the largest bio-based lubricant-consuming regions. Drivers
The BRICS nation comprises Brazil, Russia, India, China, and South Africa. These countries are of the major emerging economies in the world. The BRICS aims to promote peace, security, development, and cooperation. These countries are also highly growing due to significant markets in terms of demand and consumption. Further, the demand for industrial lubricants is expected to rise in the coming years due to the number of drivers, such as large and relatively young populations, massive investments in physical and digital infrastructure, low-cost labor, and increased income. These countries are highly growing due to significant markets in terms of demand and consumption. Further, demand for industrial lubricants is expected to rise in the coming years due to the number of drivers, such as large and relatively young populations, massive investments in physical and digital infrastructure, low-cost labor, and increased income. Restraints
Used industrial lubricants are considered a serious pollution problem due to illegal dumping or improper disposal, resulting in groundwater, surface water, and soil contamination. These used lubricants cannot be directly combusted without pre-treatment. They are subjected to environmental restrictions since they may contain toxic and hazardous residues such as metal and metalloid particles. These chlorinated compounds may be released into the atmosphere. Used lubricant should be instead recycled instead of treated as waste. The value of lubricants largely depends on quality which is determined in terms of the amount of contamination by water, solid, or other fluids. Industrial lubricants can be retreated by various processes such as reprocessing, re-refining, and destruction.
Key Questions Answered: 1. What is the Market Size of the Industrial Lubricants Market? 2. What is the Growth Rate of the Industrial Lubricants Market? 3. Who are the Key Players in the Industrial Lubricants Market? Key Topics Covered: 1 Research Methodology 2 Research Objectives 3 Research Process 4 Scope & Coverage 4.1 Market Definition 4.2 Base Year 4.3 Scope of the Study 5 Report Assumptions & Caveats 5.1 Key Caveats 5.2 Currency Conversion 5.3 Market Derivation 6 Market at a Glance 7 Introduction 7.1 Overview 7.2 Value Chain Analysis 7.3 Macro Factors 8 Premium Insights 8.1 Industrial Lubricants Market - Global Forcast (2022-2027) 8.2 Market Synopsis 8.3 Segment Review 9 Market Opportunities & Trends 9.1 Trend of Bio-Based Industrial Lubricants 9.2 Increased Use of Renewable Energy 9.3 Automation of Industrial Processes 10 Market Growth Enablers 10.1 Increased Use of High-Performance Lubricants 10.2 Industrialization in Brics Nations 11 Market Restraints 11.1 Fluctuations in Crude Oil Prices 11.2 Environmental Concerns Regarding Use & Disposal of Industrial Lubricants 12 Market Landscape 12.1 Market Overview 12.2 Market Size & Forecast 12.3 Five Forces Analysis 13 Product Type 13.1 Market Snapshot & Growth Engine 13.2 Market Overview 13.3 Industrial Oil 13.4 Process Oil 13.5 Metalworking Fluid 13.6 Grease 14 End-Use 14.1 Market Snapshot & Growth Engine 14.2 Market Overview 14.3 Manufacturing 14.4 Power Generation 14.5 Metal & Mining 14.6 Construction 14.7 Others 15 Geography 15.1 Market Snapshot & Growth Engine 15.2 Geographic Overview 16 North America 16.1 Market Overview 16.2 Market Size & Forecast 16.3 Product Type 16.4 End-Use 16.5 Key Countries 16.6 US 16.7 Canada 17 Latin America 17.1 Market Overview 17.2 Market Size & Forecast 17.3 Product Type 17.4 End-Use 17.5 Key Countries 17.6 Brazil 17.7 Mexico 17.8 Rest of Latin America 18 Middle East & Africa 18.1 Market Overview 18.2 Market Size & Forecast 18.3 Product Type 18.4 End-Use 18.5 Key Countries 18.6 Saudi Arabia 18.7 South Africa 18.8 Uae 18.9 Rest of Middle East & Africa 19 Apac 19.1 Market Overview 19.2 Market Size & Forecast 19.3 Product Type 19.4 End-Use 19.5 Key Countries 19.7 China 19.8 India 19.9 Japan 19.10 Australia 19.11 South Korea 19.12 Rest of Apac 20 Europe 20.1 Market Overview 20.2 Market Size & Forecast 20.3 Product Type 20.4 End-Use 20.5 Key Countries 20.7 Germany 20.8 UK 20.9 France 20.10 Italy 20.11 Spain 20.12 Russia 20.13 Rest of Europe 21 Competitive Landscape 21.1 Competition Overview 22 Key Company Profiles 22.1 Castrol Limited 22.2 Chevron Corporation 22.3 Exxon Mobil Corporation 22.4 Shell plc 22.5 Totalenergies Se 23 Other Prominent Vendors 23.1 Clariant 23.2 Eneos Corporation 23.3 Eni 23.4 Fuchs 23.5 Gazpromneft - Lubricants Ltd. 23.6 Gulf Oil India Lubricants Ltd. 23.7 Hindustan Petroleum Corporation Limited 23.8 Idemitsu Kosan Co. Ltd. 23.9 Indian Oil Corporation Limited 23.10 Kluber Lubrication 23.11 Lukoil 23.12 Motul 23.13 Morris Lubricants 23.14 Petronas Lubricants International 23.15 Petro-Canada Lubricants Inc. 23.16 Phillips 66 Company 23.17 Repsol 23.18 Rosneft Lubricants 23.19 Sinopec 23.20 Valvoline Inc. 24 Report Summary 24.1 Key Takeaways 24.2 Strategic Recommendations 25 Quantitative Summary 25.1 Product Type 25.2 End-Use 26 Appendix
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