Global Lubricants Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market

International Trade & Business

May 10, 2016

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The global lubricants market was valued at $88,230.8 million in 2014, and it is expected to grow with a CAGR of 2.6% during 2015 - 2020. The factors driving the growth of the market include growing automotive industry, increasing consumer awareness and government regulations. The power to regulate the petroleum industry lies with the minister of petroleum industries, but if license is to be issued, then there is a need for advice and assistance from Energy Supply Committee (ESC). In the global market, standards issued by organizations, such as Japanese Automobile Standards Organization and American Petroleum Institute, govern the quality of lubricants.

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Geographically, the Asia-Pacific market accounted for the largest share in the global lubricants market in 2014. The lubricants market in Asia-Pacific is growing mainly due to increasing pressure of global warming, changing policies regarding emissions, which results in regulatory requirements for manufacturers to make superior quality engines compatible with high quality lubricants. Due to such reasons, Middle East and Asia-Pacific is expected to observe an increase in requirement of synthetic lubricants. The Sri Lankan government appointed public utilities commission of Sri Lanka (PUCSL) for regulating the lubricants market in the country. PUCSL informs the ministry of petroleum industries about the regulatory matters and policies with respect to liberalization of the lubricants market.

The information and data in the publication “Global Lubricants Market Size, Share, Development, Growth and Demand Forecast to 2020 – Industry Insights by Product (Mineral, Synthetic, Bio-Based); by Application (Industrial, Automotive, Grease, Others)”, represents the research and analysis of data from various primary and secondary sources. A top down approach has been used to calculate the market size of the global lubricants market. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in this report.

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The automotive industry is one of the major application areas for the lubricants market. Automotive lubricants are generally used in the crankcase of a vehicle engine, which ensures efficient operation of the vehicle. Lubricants are used in vehicles to reduce friction, which leads to longer lifespan and reduced wear and tear of the vehicles. The growth of the lubricants in automotive industry is mainly due to prices of convention fuels, increasing demand for heavy duty vehicles and light passenger vehicles, and increase in average lifespan of the vehicles. The growth in vehicle productions and sales is an opportunity for the lubricant manufacturers.

LUBRICANTS MARKET SEGMENTATION
By Product
Mineral
Synthetic
Bio-Based
By Application
Industrial
Automotive
Grease

GEOGRAPHICAL SEGMENTATION
North America
The U.S.
Canada

Europe
Germany
Russia
The U.K.

Asia-Pacific
China
India
Japan

Rest of the World (RoW)
Brazil
Iran
Saudi Arabia

TABLE OF CONTNET
Chapter 1. Research Scope & Methodology
1.1 Market Definition
1.2 Market Scope
1.2.1 Market breakdown by product
1.2.2 Market breakdown by application

Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary

Chapter 3. Market Outlook
3.1 Introduction
3.1.1 Value chain analysis
3.2 Trends in the Lubricants Market

Chapter 4. Global Market Size and Forecast (2011 – 2020)
4.1 Global Lubricants Market Breakdown by Product
4.1.1 Mineral lubricants
4.1.2 Synthetic lubricants

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