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Global Mineral-oil-based Lubricants Market to Grow at a CAGR of 2% Between 2014-2019

Base oils (group I, II, and III) obtained from refining crude oil are used to manufacture mineral oil lubricants. These base oils differ from each oth
MarketsandMarkets™ | 29.02.2016

Global Mineral-oil-based Lubricants Market 2015-2019 Size and Share Published in 2015-11-11 Available for US$ 2500 at Researchmoz.us

Description

About mineral oil-based lubricants


Lubricants are used to reduce friction between two surfaces of equipment or components. They are usually in oil, semi-fluid, or solid state. Superior-quality lubricants have high thermal stability, high boiling point, low freezing point, and high viscosity index, which help to reduce the friction between machine parts for increased operational efficiency.

Mineral oil-based lubricants are derived from crude oil by distillation, solvent extraction, and the cracking process. Base oils (group I, II, and III) obtained from refining crude oil are used to manufacture mineral oil lubricants. These base oils differ from each other in terms of sulfur content, viscosity index, and saturates. Group I base oil is the least processed base oil and hence, has the lowest quality. Several types of mineral oil-based lubricants are available in the market, including engine oils, process oils, hydraulic fluids, turbine oils, tractor fluids, gear oils, and metal working fluids. They are used in various industries such as automotive, industrial machinery, textile, food and beverage, plastic, and chemicals.

Technavios analysts forecast the global mineral oil-based lubricants market to grow at a CAGR of 2% during the period 2014-2019.

Covered in this report

This research report covers the present scenario and the growth prospects of the global mineral oil-based lubricants market for the period 2015-2019. To calculate the market size, the report considers the consumption of mineral oil-based lubricants. The market has been divided into three major regions namely Americas, APAC, and EMEA. The mineral oil-based lubricants have been divided into three segments:

Fluid

Semi-fluid

Solid

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Technavios report, Global Mineral Oil-based Lubricants Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The research report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the market at large, as well as the key trends emerging in the market.

Key vendors

BP

CNPC

ExxonMobil

Royal Dutch Shell

Saudi Aramco

Other prominent vendors

Fuchs Petrolub

Gazprom

Idemitsu Kosan

JX Holdings

NK Lukoil

PetroChina

Petronas Chemicals Group Berhad

Sinopec

Total

Market driver

Growing demand from automotive industry

For a full, detailed list, view our report

Market challenge

Negative environmental impact

For a full, detailed list, view our report

Market trend

Increase in R&D investment

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2019 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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Table of Content


PART 01: Executive summary

Highlights

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

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