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Global Lubricants Market Growth Analysis by Industry Size, Share, Production, Consumption, and Top Key Players 2018-2025

Global Lubricants Market report provides analysis for the period 2014–2025, wherein the period from 2018 to 2025 is the forecast period and 2017 is base year. The market study reveals that the Global Lubricants Market is expected to grow over a CAGR of 3.5% during 2018-2025 in terms of value. The increasing number of passenger vehicle, commercial vehicle, and growth in the aviation and marine industries are expected to drive the lubricants market, globally. Lubricants are materials that help reduce the friction between moving parts or surfaces to enhance the efficiency of machines.

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Global Lubricants Market Growth Analysis by Industry Size, Share, Production, Consumption, and Top Key Players 2018-2025

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  1. Global Lubricants Market Growth Analysis by Industry Size, Share, Production, Emerging Trends, Consumption, and Top Key Players 2018-2025 According to a new market report published by BlueWeave Consulting, the global lubricants market was valued at US$ 138.45 Bn in 2017 and is expected to expand at a CAGR of 3.65% from 2018 to 2025, reaching US$ 185.15 Bn by the end of the forecast period. According to the report, Asia Pacific was the largest contributor in terms of revenue to the lubricants market in 2017. Expansion in the automotive and general industry is driving the global lubricants market. Sample copy of Study Report on Keyword Market is Available: https://bit.ly/2A0ZnhI Lubricants are basically substances that are used to control or diminish friction along with wearing of surfaces that are coming in contact with various bodies in relative motion. Lubricants are generally classified into liquid, semi-liquid, solid, and gaseous on the basis of their state. These high-performance substances are extensively used in several end-user industries as corrosion inhibitors, anti-wear additives, friction modifiers, viscosity index improvers, and extreme pressure (EP) additives. The passenger car demand has been rising over the years, according to OICA. Passenger car usage has increased by 4.4% from 2014-2015. Emerging economies like China, India, Africa, and Mexico has witnessed exponential growth in terms of passenger car usage for instance in China the passenger car used has increase from 1,17,482 in 2014 to 1,35,805 in 2015. Rise in number of passenger cars are influencing the demand for lubricants, as the main purpose of lubricants in passenger car is to smoothen the moving parts of automobile reducing vehicles friction and wear & tear, providing trouble free performance for a longer span of time. Thus, rise in demand for passenger car will promulgate application of lubricants. Lubricants Market: Scope of the Report The global Lubricants market is segmented on the basis of type, application, and additives. On the basis of type, the market is segmented into Mineral Oil, Synthetic Lubricants, Greases, and Bio-Based Lubricants. Mineral oil was the largest segment in the global lubricants market in 2017 and is estimated to witness the highest growth during 2018-2025. On the application basis, the market is segmented into Engine oils, Gear oil, Transmission and Hydraulic Fluid, General Industrial oils, Process Oils, Metal Working Fluids, and Others. Engine oils accounted for the largest segment in the global lubricants market in 2017. On the basis of additives, the market is segmented into Dispersants, Viscosity Index Improvers, Detergents, Anti-Wear Additives, Antioxidants, Friction Modifiers, and Others. Dispersants

  2. accounted for the highest segment regarding revenue during 2017 and are estimated to grow significantly during 2018-2025. On the basis of region, the market is segmented into five parts namely North America, Europe, Asia Pacific, Middle-East & Africa, and Latin America. Asia-Pacific was the largest region in the global lubricants market in 2017 with a market share of 39.60% and it is estimated to grow over a CAGR of 3.42% during 2018-2025. Lubricants Market: Competitive Dynamics Companies, such as Exxon Mobil Corporation, British Petroleum, Royal Dutch Shell, Chevron Corporation, and Total S.A. are the key players in manufacturing lubricants. In terms of product offerings, Exxon Mobil Corporation and British Petroleum are the major players in the market, providing various products of lubricants. Market Segmentation: Global Lubricants Market By Type By Application By Additives By Geographic Segments Get Full Details on Global Lubricants Market: https://bit.ly/2HWYbTT About Us BlueWeave Consulting is a one-stop solution for market intelligences regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients for years. We are one of the leading digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining. Contact Us: Email: info@blueweaveconsulting.com Website: www.blueweaveconsulting.com Phone: +1 8666586826

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