Lubricants Market was valued at USD 201.8 billion in 2022 and is expected to grow at a CAGR of 4% between 2022 and 2028. Oil is a thin liquid made of long polymer chains with additives for various additional properties. Common additives include antioxidants, oxidizing oils, anti-corrosion agents, annex to prevent erosion, detergent retention from forming deposits. This long chain is difficult to squeeze between the surfaces, which makes the oil useful as a slippery barrier between them. The oil is available in different “weights” (for example, 5 or 10 W)corresponding to its viscosity. Lubricants are mainly used to reduce friction between moving parts of various machinery or equipment, minimize wear materials, improve efficiency of equipmentmachinery and reduce fuel and energy.
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Top Major Key Players Industries
Royal Dutch Shell PLC
Exxon Mobil Corporation
Chevron Corporation
Total
BP p.l.c.
By Group
Group I
Group II
Group III
Group IV
Group V
By Base Stock
Mineral Oil Lubricant
Semi-synthetic Lubricant
Synthetic Lubricant
Bio-based Lubricant
Product Type
Engine Oil
Transmission and Hydraulic Fluid
Metalworking Fluid
General Industrial Oil
Gear Oil
Grease
Process Oil
Other Product Types
End-user Industry
Power Generation
Automotive and Other Transportation
Heavy Equipment
Food and Beverage
Metallurgy and Metalworking
Chemical Manufacturing
Other End-user Industries (Packaging, Oil, and Gas)
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Scope of the Report
The research study analyzes the global Lubricants industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Lubricants Market Report
What was the Lubricants Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Lubricants Market during the forecast period (2022-2028)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Lubricants Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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