Philippines Lubricant Market is expected to be driven by Growing Manufacturing Establishments and Increasing Crude Oil Imports: Ken Research - PowerPoint PPT Presentation

Loading...

PPT – Philippines Lubricant Market is expected to be driven by Growing Manufacturing Establishments and Increasing Crude Oil Imports: Ken Research PowerPoint presentation | free to download - id: 886ddb-M2E1M



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Philippines Lubricant Market is expected to be driven by Growing Manufacturing Establishments and Increasing Crude Oil Imports: Ken Research

Description:

The stakeholders of this report include lubricant manufacturers, dealers, companies involved in research, automotive workshop owners in the Philippines and the new entrants and venture capitalists who wish to invest in lubricant market in future. – PowerPoint PPT presentation

Number of Views:45

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Philippines Lubricant Market is expected to be driven by Growing Manufacturing Establishments and Increasing Crude Oil Imports: Ken Research


1
Philippines Lubricant Market is expected to be
driven by Growing Manufacturing Establishments
and Increasing Crude Oil Imports Ken Research
2
Surging construction sector, escalating
automotive industry, entrance of foreign players,
growing marine industry and increasing Ro-Ro
services are the major factors which are expected
to fuel the Philippines lubricants market in
future.
3
Ken Research announced its latest publication on
Philippines Lubricants Market by Type (Mineral,
Semi-Synthetic and Synthetic), by Application
(Automotive Passenger, Commercial, Marine and
Aviation and Industrial Mining, Construction,
Manufacturing, Iron and Steel, Agriculture,
Electricity and Medical) - Outlook to 2021
suggested a rapid growth in the Philippines
lubricants market, majorly driven by boosting
crude oil imports, thus assisting market players
to offer more lubricants in the country. Influx
of foreign brands and rising demand of the
population to switch to synthetic lube oils are
attracting large number of potential players to
enter the space. The market is further expected
to witness an incline in revenues and consumption
due to the anticipated increase in the sales of
automobiles and the expansion of industrial
sector in the Philippines, thus leading to
augmented demand for automotive and industrial
lubricants.
4
  • The boosting economy of the Philippines has been
    supported by the growth of revenues generated by
    the manufacturers offering lubricant oils to
    various customers across automotive and
    industrial sectors. Lubricant market of the
    Philippines is highly competitive with few
    players operating in the space to cater the
    fluctuating demands of the customers. The market
    has been dominated by the sales of products
    offered by global lubricant manufacturers
    including Shell and Exxon Mobil. The rising
    demand for energy resources led to the increase
    use of lubricants across automotive and
    industrial sectors of the country.
  • Increasing number of machinery installed in the
    industrial plants to boost the operations has
    increased the demand for lubricants in the
    country. Assembly lines and other machines used
    in the manufacturing industry need lubrication to
    work with precision and last long. Demand for
    lubricants by the manufacturing sector

5
  • has witnessed an increase as shortage of oils and
    greasing in machines can cause them to
    malfunction, resulting in losses and delay in
    project deliveries. The growth in imports of
    crude oil has further led to an increase in the
    quantities of lubricants being refined by the
    manufacturers in the Philippines. This has
    boosted the overall revenues of the market by
    offering more lubricants to fulfill the growing
    demand in the country overtime. Lubricant
    manufacturers and importers not only compete in
    terms of price, but also on the quality that
    should conform to the European standards. Market
    players faced stiff competition in expanding
    their dealership networks across the islands of
    the Philippines, where goods were to be
    transported through ships.
  • Key Topics Covered in the Report
  • Philippines Lubricant Distributors
  • Opportunities in Lubricant Industry

6
Gear Oils Industry Philippines Shell Market Share
Philippines Shell Lubricant Price
Philippines Brake Fluid Market Philippines Lubrica
ting Oil Sales in Philippines Automotive
Lubricant Market Growth Chevron Lubricant Best
Selling Philippines For more information on the
research report, refer to below
link https//www.kenresearch.com/automotive-trans
portation-and-warehousing/automotive-and-automotiv
e-components/philippines-lubricants-market/142268-
100.html
7
Related Reports by Ken Research https//www.kenre
search.com/automotive-transportation-and-warehousi
ng/automotive-and-automotive-components/south-afri
ca-lubricant-market-report/42049-100.html https/
/www.kenresearch.com/automotive-transportation-and
-warehousing/automotive-and-automotive-components/
thailand-lubricant-market/142264-100.html Contact
Ken Research Ankur Gupta, Head Marketing
Communications query_at_kenresearch.com 91-124-42302
04
8
(No Transcript)
About PowerShow.com