[Latest 2029] Lubricants Market Estimation, Key Players, Growth Opportunities
In terms of value, the lubricants market is estimated to grow from USD 173.5 billion in 2024 to USD 198.4 billion by 2029, at a CAGR of 2.7%. Lubricants market have grown as the demand from marine applications, and high-performance engines is mounted immensely worldwide in the last two decades. These factors drive the lubricants market.
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Growing Demand for the Lubricants from Different Market Industry Sectors
The global lubricants market size is projected to reach USD 187.9 billion by 2027 from USD 164.8 billion in 2022, growing at a CAGR of 2.7%, in terms of value during the forecast period. The growth is largely driven by factors such as high demand from automotive, marine, aviation, construction and mining industries. The rising demand for commercial and passenger vehicles in developing regions is also...
Industrial Lubricants Market: Bio-based Lubricants Hold Potential Growth Though 2024
The global industrial lubricants market size is projected to reach USD 73.3 billion by 2024 from USD 62.8 billion in 2019, at a CAGR of 3.1%, during the forecast period. The growing demand for industrial lubricants in countries such as China, India, Japan, and South Korea from the construction, metal & mining, power generation, cement production, and automotive industries is expected to fuel the...
Will Construction Lubricants Market Ever Rule the World?
The construction lubricants market size is projected to reach USD 6.5 billion by 2026 from USD 5.6 billion in 2021, at a CAGR of 3.0%. Growing demand for construction industry is expected to support the growth of the construction lubricants market. However, huge investment in R&D and strict rules and technological advancement is restraining the growth of the market. On the other hand, innovation...
COVID-19 Impact on Lubricants Market Leaders
The global lubricants market size is projected to decrease in 2020 from 2019,at a negative growth of 0.95%, in terms of value. COVID-19 has negative impacts on industrial production and vehicles on road, which is expected to decrease the demand for lubricants in 2020. The demand in countries such as China, India, Japan,and the US is expected to decline from both the transport and the industrial sectors....
Expansions and New Product Launches are the Key Strategies Adopted by Leading Players in Global Marine Lubricants Market
The marine lubricants market size is estimated to be USD 6.2 billion in 2021 and is expected to reach USD 6.7 billion by 2026, at a CAGR of 1.5% during the forecast period. Marine lubricants reduce friction between various operating mechanical parts in a ship or vessel. The lubrication process helps in dissipating excess heat and combating wear and tear. These marine lubricants enhance the output...
Construction Lubricants Market worth 15.64 Billion USD by 2022 (COVID-19 Impact)
The construction lubricants market is projected to grow from USD 12.63 Billion in 2017 to USD 15.64 Billion by 2022, at a CAGR of 4.37% between 2017 and 2022.
The report “Construction Lubricants Market by Base Oil (Mineral Oil and Synthetic Oil), Product Type (Hydraulic Fluid, Engine Oil, Gear Oil, Compressor Oil) and Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle)...
Everyone Is Flocking To Work In The Construction Lubricants Market Industry. But Why?
The construction lubricants market is projected to grow from USD 12.63 Billion in 2017 to USD 15.64 Billion by 2022, at a CAGR of 4.37% between 2017 and 2022.
The report “Construction Lubricants Market by Base Oil (Mineral Oil and Synthetic Oil), Product Type (Hydraulic Fluid, Engine Oil, Gear Oil, Compressor Oil) and Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle)...
Nutraceutical Excipients Market to Partake Significant Development During 2017 to 2022
The report “Nutraceutical Excipients Market by Functionality (Fillers & Diluents, Coating Agents, Lubricants, and Flavoring Agents), End Product (Prebiotics, Probiotics, Proteins & Amino Acids, and Vitamins), Form (Dry and Liquid), and Region – Global Forecast to 2022″, The nutraceutical excipients market is estimated at USD 2.96 Billion in 2017 and is projected to reach...
Mining Lubricants Market worth 2.56 Billion USD by 2022
The mining lubricants market was valued at USD 1.95 Billion in 2016, and is projected to reach USD 2.56 Billion by 2022, at a CAGR of 4.5% from 2017 to 2022. Growth of the mining industry, increase in the demand for coal in electricity generating applications, and the increasing demand for base metals such as copper, nickel, lead, zinc, and others are fueling the demand for mining lubricants. Royal...