PUBLISHER: TechNavio | PRODUCT CODE: 1502328
PUBLISHER: TechNavio | PRODUCT CODE: 1502328
The lubricants market is forecasted to grow by USD 23.8 bn during 2023-2028, accelerating at a CAGR of 3.22% during the forecast period. The report on the lubricants market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for lubricants from end-user industries, increasing need for reliable machinery and its effective maintenance, and growing global marine industry.
Technavio's lubricants market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 3.1% |
CAGR | 3.22% |
Incremental Value | $23.8bn |
By Application
By Product
By Geography
This study identifies the emergence of bio-based lubricants as one of the prime reasons driving the lubricants market growth during the next few years. Also, technological upgrades in machinery driving need for high-performance lubricants and rising adoption of synthetic lubricants will lead to sizable demand in the market.
The report on the lubricants market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lubricants market vendors that include Arabian Petroleum Ltd., BP Plc, Chevron Corp., CONDAT, ENEOS Holdings Inc., Exxon Mobil Corp., FUCHS PETROLUB SE, Gazpromneft Lubricants Ltd., GP Global, Hinduja Group Ltd., Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., Novvi LLC, Oil and Natural Gas Corp. Ltd., PETRONAS Chemicals Group Berhad, Phillips 66, PJSC LUKOIL, PT Pertamina Persero, Sinopec Shanghai Petrochemical Co. Ltd., and TotalEnergies SE. Also, the lubricants market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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