The Worldwide Lubricants Industry is Expected to Reach $171+ Billion by 2027
DUBLIN–(BUSINESS WIRE)–The “Lubricants Market Research Report by Base Oil (Bio-based Oil, Mineral Oil, and Synthetic Oil), Product Type, End-Use Industry, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) – Global Forecast to 2027 – Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.
The Global Lubricants Market size was estimated at USD 131.10 billion in 2021, USD 136.93 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.62% to reach USD 171.98 billion by 2027.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Lubricants Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Lubricants Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Lubricants Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Lubricants Market?
4. What is the competitive strategic window for opportunities in the Global Lubricants Market?
5. What are the technology trends and regulatory frameworks in the Global Lubricants Market?
6. What is the market share of the leading vendors in the Global Lubricants Market?
7. What modes and strategic moves are considered suitable for entering the Global Lubricants Market?
Market Dynamics
Drivers
- Increasing usage of high-performance synthetic lubricants
- Growing demand for bio-based lubricants
- Expanding cold chain market and growing wind energy sector
Restraints
- Increasing raw material cost
Opportunities
- High growth in manufacturing sectors, such as 3D printing & medical devices
- Growing demand from automotive sector and industrial sector
Challenges
- Strict environmental norms and constant reforms
Companies Mentioned
- Bharat Petroleum Corporation Limited
- BP PLC
- Castrol Limited
- Chevron Corporation
- Eni S.P.A.
- ExxonMobil Corporation
- Fuchs Petrolub AG
- Gulf Oil Lubricants India Ltd
- Idemitsu Kosan Co. Ltd
- Indian Oil Corporation Ltd
- Lubrizol Ltd.
- LUKOIL
- Petrochina Company Limited
- Phillips 66 Company
- Quaker Chemical Corp.
- Royal Dutch Shell PLC
- Sinopec Corp.
- Sinopec Limited
- Total S.A.
- Valvoline Inc.
For more information about this report visit https://www.researchandmarkets.com/r/h1fv07.
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