Industrial Gear Oils Market is expected to reach $6,372 million by 2023 - PowerPoint PPT Presentation

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Industrial Gear Oils Market is expected to reach $6,372 million by 2023

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Asia Pacific dominates the Industrial Gear Oils Market during the forecast period. It is expected to generate a revenue of $3030.97 million by 2023 at a CAGR of 1.99%. The maximum share in the region is held by India and China, due to growing population and rapid industrialization in the region. The governments in the Asia Pacific region have launched different policies for driving the domestic economy. As a result, commercial segments are expected to grow rapidly. In China, the competition among the industrial gear oil manufacturers has become high in recent times, since multinational companies are concentrating on the Chinese market. India is the largest producer of coal and steel, and this drives the demand for industrial machinery which in turn spurs the demand for industrial gear oil in the region. – PowerPoint PPT presentation

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Title: Industrial Gear Oils Market is expected to reach $6,372 million by 2023


1
Industrial Gear Oils Market is expected to reach
6,372 million by 2023
2
Asia Pacific dominates the Industrial Gear Oils
Market during the forecast period. It is expected
to generate a revenue of 3030.97 million by 2023
at a CAGR of 1.99. The maximum share in the
region is held by India and China, due to growing
population and rapid industrialization in the
region. The governments in the Asia Pacific
region have launched different policies for
driving the domestic economy. As a result,
commercial segments are expected to grow rapidly.
In China, the competition among the industrial
gear oil manufacturers has become high in recent
times, since multinational companies are
concentrating on the Chinese market. India is the
largest producer of coal and steel, and this
drives the demand for industrial machinery which
in turn spurs the demand for industrial gear oil
in the region.
Contact sales_at_industryarc.com
3
Selected Analysis done in the full Report
  • The manufacturing segment in 2016 held a share of
    2,201.2 million. It is expected to generate
    2559.34 million by 2023 at a CAGR of 1.79. The
    industrial gear lubricant has several
    applications in the manufacturing industry such
    as in paper, food, pulp, cement, textile, etc.
    The lubricants can provide protection against
    wear and tear, and oxidative stability.
  • The gearbox machinery used in the food industry
    consists of lubrication of enclosed gear and
    conveyor applications, which needs the food grade
    lubricant to prevent food contamination caused by
    oils and greases.The manufacturing industry uses
    both mineral and synthetic oils. The application
    differs according to the requirements of the
    product or organization. European countries use
    synthetic gear oil as it prolongs the machine
    life for a longer duration.

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4
Excerpts on Market Growth Factors Mentioned in
the Full Report
Use of industrial gear oils in wind mill
applications drive the demand for gear oil.  
Manufacturers are now choosing automated devices
due to the increasing demand for goods, and for
delivering goods in a short span of time.
  Hydro Safe provides good anti-wear performance
products in many applications and can be used as
a substitute for conventional petroleum oil.
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5
Key Players of the PCB Market
  • FUCHS LUBRITECH GMBH
  • ROYAL DUTCH SHELL PLC
  • EXXON MOBIL CORP
  • PHILLIPS 66 LUBRICANTS
  • LUBRICATING SPECIALTIES COMPANY and More

Download Sample Report
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6
You Can Customize the Report as Per Your Need. We
have included Some Customization Options
Company Profile
Analyst Briefing
Data Tables
Key Contacts
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7
About IndustryARC
IndustryARC is a research and consulting firm
that publishes more than 500 reports annually in
various industries, such as Agriculture,
Automotive, Automation Instrumentation,
Chemicals and Materials, Energy and Power,
Electronics, Food Beverages, Information
Technology, Life sciences Healthcare. IndustryA
RC primarily focuses on Cutting Edge Technologies
and Newer Applications of the Market. Our Custom
Research Services are designed to provide
insights on the constant flux in the global
demand-supply gap of markets. Our strong analyst
team enables us to meet the client research needs
at a very quick speed with a variety of options
for your business.
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