Lubricants Market worth $162.3 Billion by 2019 - PowerPoint PPT Presentation

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Lubricants Market worth $162.3 Billion by 2019


[176 Pages Report] Lubricants Market categorizes the global market by Application (Industrial Machinery & Equipment, Transportation), Type (Synthetic Lubricants, Greases, Bio-based Lubricants and Mineral Oil Lubricants) & by Geography – PowerPoint PPT presentation

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Title: Lubricants Market worth $162.3 Billion by 2019

MarketsandMarkets Presents
Lubricants Market by Type, Application - Global
Trends Forecasts to 2019
Lubricants Market worth 162.3 Billion by 2019
The report Lubricants Market by Type (Mineral
Oil Lubricants, Synthetic Lubricants, Bio-based
Lubricants, and Greases), by Application
(Transportation,  and Industrial Machinery
Equipment) - Global Trends Forecasts to 2019,
defines and segments the global lubricants market
with analysis and forecasting in terms of volume.
The lubricants market volume expected to grow
from an estimated 38,635.3 KT in 2014 to 42,780.7
KT by 2019, with a CAGR of 2.1 between 2014 and
Lubricants Market worth 162.3 Billion by 2019
Browse gtgt 104 data tables
68 figures
176 pages and in-depth TOC on Lubricants Market
This is a Premium Report Priced at US 4650 for
single user. Early buyers will receive 10
customization on this report. The global
lubricants market is estimated to be worth of
140.5 billion in 2013 and is projected to reach
162.3 billion by 2019 and is growing with a CAGR
of 2.5 between 2014 and 2019.
Lubricants Market worth 162.3 Billion by 2019
Asia-Pacific is the fastest growing lubricants
market, at a CAGR of 3.0 between 2014 and 2019.
Asia-Pacific and The Middle East Africa regions
are expected to drive the lubricants materials
market. These markets together accounted for
around 51.0 of the total market in 2013. The
growing automotive sector and industrial
production have led to an enhanced demand for
lubricants. The transportation industry in these
regions has a high share in the lubricants
market. The Chinese market is the largest for
lubricants comprising more than 56.0 of the
total Asia-Pacific market in 2013. The market in
China for lubricants is estimated to grow at a
high rate in the next five years due to
increasing industrial activities in the country.
It surpassed the top lubricants market the U.S.
in the recent past and is projected to continue
to dominate the lubricants market. The North
American market has reached its mature stage, and
hence, will register a sluggish growth.
Lubricants Market worth 162.3 Billion by 2019
The adoption of bio-based lubricants to reduce
harmful environmental effects is the current
trend in the lubricants market and is boosting
the overall growth of the market. The need to
enhance fuel efficiency of vehicles has led to
replacement of traditional materials with
synthetic lubricants. This trend also has a high
influence on the overall market. The top
companies in the lubricants market include Royal
Dutch Shell plc (TheNetherlands), Lukoil
(Russia), Exxon Mobil Corporation (U.S.), BP plc
(U.K.), Total S.A. (France) among others. The
lubricants market has witnessed number of
expansions and new product launches in the recent
past. Purchase a Copy of this Report Today !
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