Title: 10. Turbine Oil Market witnessing an increased growth and adoption of biodegradable lubricants owing to strict regulations of authorities, companies, more.
1Turbine Oil Market By Type (Paraffinic,
Naphthenic, Aromatic, Motor, Hydraulic,
Automotive, Others) Application (Gear,
Turbochargers, Marine Engines, Refrigeration
systems, Hydraulic systems, Power Generation,
Others) By Geography-Forecast(2015-2020)
Published Date6th January, 2015 Number of
Pages 180 Contact Sanjay Matthews sales_at_indust
ryarc.com 1-614-588-8538 (Ext 101)
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- Turbine oil is one of the major applications of
synthetic, bio-based and mineral lubricants. It
is mainly used in Power plants, gas turbine
lubrication, excavators and forklifts due to
properties like high corrosion and oxidation
inhibition and foam suppression. - Turbine oil is part of lubricants market and due
to strict regulations of authorities, companies
are moving towards biodegradable lubricants.
Bio-based lubricants are mainly derived from
natural resources such as rapeseeds, sunflower,
canola, coconut oils, soybean, palm and many
more.
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- These bio based products create clean and less
toxic environment as compared to petroleum based
lubricants. - Petroleum derived lubricants leads to skin
related issues for those who are in regular use
of such lubricants while working with engines and
hydraulic systems but bio products are
nontoxicand safe to use as compared to them. - Bio-lubricants deliver superior properties such
as high flashpoint, constant viscosity, less oil
mist and vapor emissions which are better for use
than petroleum based lubricants.
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- Logical Estimates suggest than there will be an
expected 12 growth by 2020 in the Turbine Oil
Market! The total turbine oil demand is expected
to be about 41.8 million metric tons, or about 13
million gallons. - The growth is expected to be about 2.5 per year
through 2014. The highest volume among the
products is Mineral Oils which accounted for a
share of 96.8 in the years 2011-2018 and is
expected to be the lead in the years 2014-2020 as
well. - The bio based oil market consolidates for about
65 of the total turbine oils market. And
commercial transportation is expected to be the
fastest growing segment of the global turbine
industry at an approximate CAGR of over 6.5 from
2014-2020.
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- Key players of this market
- UBL
- Total S.A
- Exxon Mobil
- BP
- Shell
- Chevron
- Dow chemical is developing a soy polyol for
chemical transformations in the global turbine
oil market. Vavoline was the first one to
introduce engine oil (synthetic oil) in the
market. One of the most promising developments
for turbine oils come from DuPont/Pioneer.
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- While North America and APAC were the largest
consumers of turbine oils and are expected to be
the market leaders during the forecasted period,
Europe and ROW follow the contribution list in
the Turbine Oil Market. Our report contains
detailed information regarding all aspects of the
key countries involved. - Purchase Full Report
- _at_
- http//industryarc.com/purchasereport.php?id1271
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For More Details, Contact Mr. Sanjay
Matthews Sales Manager 1-614-588-8538 (Ext
101) Email sales_at_industryarc.com Connect with
us on LinkedIn_at_ http//www.linkedin.com/company/in
dustryarc
Inquiry Before Buying
Contact 1-614-588-8538 (Ext101) Email
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