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Industrial Lubricants Market 2019 Global Market Analysis, Share, Trends, Segmentation & Forecast To 2024

Industrial Lubricants Market

Global Industrial Lubricants Market Overview By Type (Metalworking Fluid, Grease, Hydraulic Oil, Gear, Compressor, Turbine Oil), By Base Oil (Mineral Oil, Synthetic Oil, Bio-Based Oil)By End-Use (Construction & Mining, Metal, Cement, Power Generation, Manufacturing, Food Processing, General Manufacturing) – Industry Trends and Forecast to 2024

Global industrial lubricants market accounted for USD 56.90billion in 2016 and is projected to grow at a CAGR of 2.7% during the forecast period of 2017 to 2024.

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Major Market Drivers:

  • Rapid industrialization in BRICS nations
  • Increasing demand from the food processing industry
  • Quality improvement of industrial lubricants

Market Restraint:                  

  • High cost of synthetic and bio-based lubricants
  • Stringent environmental regulations for the disposal of lubricants

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others

Top Market Players: 

  • Royal Dutch Shell PLC.,
  • ExxonMobil Corporation,
  • BP P.L.C.,
  • Chevron Corporation,
  • Total,
  • PetroChina Company Limited,
  • China Petrochemical Corporation (Sinopec),
  • Lukoil,
  • FUCHS,
  • Idemitsu Kosan Co. Ltd,
  • Phillips 66 Lubricants,
  • AmsoilInc,
  • Bel-Ray Company LLC.,
  • Morris Lubricants,
  • Bharat Petroleum Corporation Limited,
  • Penrite Oil,
  • Emulsichem Lubricants Pvt. Ltd. and many more.

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