NEW YORK, Oct. 22, 2021 /PRNewswire/ -- The lubricants market size is set to grow by 6.22 mn tons from 2021 to 2025 and will accelerate at a CAGR of 3.33% according to the latest market report by Technavio.
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Factors such as increasing demand from end-user industries, increasing need for reliable machinery & effective maintenance, and rising demand for lubricants in developing economies will offer immense growth opportunities. However, the fluctuations in crude oil prices will hamper market growth. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Lubricants 2021-2025: Segmentation
- Mineral Oil-based Lubricants
- Synthetic Lubricants
- Bio-based Lubricants
- Automotive Oils
- Industrial Oils
- Process Oils
- Metalworking Fluids
- North America
- South America
Lubricants Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the lubricants market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include BP Plc, Chevron Corp., Exxon Mobil Corp., FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., PetroChina Co. Ltd., Royal Dutch Shell Plc, and TotalEnergies SE. The lubricants market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
The report also covers the following areas:
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Lubricants Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist lubricants market growth during the next five years
- Estimation of the lubricants market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the lubricants market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of lubricants market vendors
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Lubricants Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.33%
Market growth 2021-2025
6.22 mn tons
YoY growth (%)
APAC, Europe, North America, MEA, and South America
Performing market contribution
APAC at 59%
Key consumer countries
China, US, India, Japan, Russian Federation, and Brazil
Leading companies, competitive strategies, consumer engagement scope
BP Plc, Chevron Corp., Exxon Mobil Corp., FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., PetroChina Co. Ltd., Royal Dutch Shell Plc, and TotalEnergies SE
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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