What are Industrial Lubricants?
Lubricants are vital part which is essential for smooth functioning of various segment of machines in various industry verticals. They are basically defined as compounds like oils, greases and fluids. Their primary function is to prevent metal-to-metal contact in dyes and finished component tooling. Industrial lubricants are expected to cool parts, reduce friction, disperse contaminants, minimize wear, prevent corrosion, transmit power and act as a sealant and.
What are the major applications for Industrial Lubricants?
- Lubricants have many industrial applications in order to provide protection against corrosion and reduce friction. Industrial lubricants are commendable as they have the capability of providing heat stability and do not breakdown even at the highest temperature range.
- Lubricants are used in many applications such as in air compressors, bearings, food machinery, gas engines, gears, hydraulic, machining, natural gas compressors, paper machines, turbines and power generation.
- The various end users of industrial lubricants include aerospace, automotive, military, marine, chemicals, food processing, textile, oil fields, railroads, construction, agriculture, timber and logging.
Market Research and Market Trends of Industrial Lubricants
- The latest innovation in industrial lubricants is a boron-free additive which allows the formulation of water-mix metalworking fluids which are boron-free and formaldehyde. This is particularly important to smaller players in the industry who lack research and development resources to come up with their own solution.
- New environment-friendly lubricants are been innovated due to the negative impact of petroleum-based lubricants on the environment is a significant trend in the global industrial lubricants market. Several tons of lubricants are washed off into the water streams due to careless disposal and leakages, as a result leading to health-related issues.
- Independent lubricant manufacture association is now supporting Singapore based Asian lubricant manufacturers union. The ALMU is an Asia-wide organization representing the combined knowledge and expertise of lubricant manufacturers throughout South Asia, Southeast Asia, East Asia, and Oceania regions.
- Mobil developed a new Series of oils which have better performance lubricants that are specifically designed to fulfil the demand of machine tools which use one oil for both way lubrication and hydraulic systems.
Who are the Major Players in Industrial Lubricants market?
The companies referred in the market research report includes Exxon Mobil corp, BP PLC, TOTAL SA, LUKOIL PJSC, Valvoline Inc, Royal dutch shell, PETRONAS gasbhd, Indian oil corp, chevron corp.
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2020-2025.
Key Takeaways from this Report
- Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
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