The Mining Lubricants Market was valued at USD 1.95 Billion in 2016, and is projected to reach USD 2.56 Billion by 2022, at a CAGR of 4.5% from 2017 to 2022.
Browse 165 market data tables and 51 figures spread through 174 pages and in-depth TOC on "Mining Lubricants Market”.
In June 2015, Shell expanded its lubricant capacity in greater China. This complements seven Shell lubricant blending plants already operating in greater China. The new plant can produce 330 million liters of lubricants per year and has the potential to expand to 500 million liters.
In July 2015, Total S.A. started operations at its largest lubricants oil blending plant in Singapore. With an annual production capacity of 310,000 metric tons, this plant helped increase the company’s lubricants supply in the Asia-Pacific region, which accounts for more than 25% of its lubricants sales.
In November 2013, Total S.A. opened a lubricant blending plant at KAEC (King Abdullah Economic City) in Saudi Arabia. The 65,000 square meter facility produces automotive and industrial lubricants that meet Total’s stringent global quality tests. The plant, equipped with a fully automated blending system and ultra-modern filling machines, has an annual production capacity of 25,000 tons in a single shift.
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In August 2016, Chevron launched new line of CK-4 and FA-4 engine oils. The new oils are the culmination of five years of development and will provide stronger performance than existing CJ-4 oils in key categories, including oxidation stability, piston deposit control and wear.
In August 2015, ExxonMobil increased the production capacity of its Beaumont, Texas refinery to 365,000 barrels per day. The previous capacity was 345,000-b/d.
Key players operational in the mining lubricants market include Royal Dutch Shell Plc. (Netherlands), ExxonMobil Corporation (U.S.), BP Plc. (U.K.), Chevron Corporation (U.S.), LUKOIL (Russia), Idemitsu Kosan Co., Ltd. (Japan), and Total S.A. (France), among others.
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The global Marine Lubricants Market is estimated to be USD 5.98 billion in 2018 and is projected to reach USD 6.66 billion by 2023, at a CAGR of 2.17% from 2018 to 2023.
Browse 106 market data Tables and 40 Figures spread through 141 Pages and in-depth TOC on "Marine Lubricants Market by Oil Type (Mineral Oil, Synthetic, Bio-based, and Grease), Product Type (Engine oil, Hydraulic fluid, Compressor oil), Ship Type (Bulk Carrier, Tanker, Container), and Region - Global Forecast to 2023".Request Sample of Report @ http://bit.ly/2WqfOOEKey players operating in the global marine lubricants market include BP plc (UK), Royal Dutch Shell plc (Netherlands), ExxonMobil Corporation (US), Total S.A. (France), and Chevron Corporation (US).
Some of the sources involved in the release of lubricants directly into the environment are marine engines, stern tube leakages, and tanker/vessel spills.
Synthetic lubricants help in controlling pollution as they are less toxic and can be released into the environment directly.Mineral oil to be the largest oil type during the forecast period.Based on oil type, the global marine lubricants market has been segmented into mineral oil, synthetic, bio-based, and grease.
The synthetic segment is projected to grow at the highest CAGR during the forecast period due to the growing demand for highly efficient, durable, and environmentally friendly products.
Stringent safety norms have been introduced by various governments to control the high sulphur and nitrogen emissions into the sea by the use of mineral oil.
Data Bridge Market research released a new market study on Mining Lubricants Market with 100+ market data Tables, Pie Chart, Graphs & Figures spread through Pages and easy to understand detailed analysis In Mining Lubricants Market research report also directs the manufacturer about planning of advertising and sales promotion efforts and makes it more effective.
The report consists of all the detailed profiles for the Mining Lubricants Market major manufacturers and importers who are influencing the market.
This market study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period derived with the help of SWOT analysis.Global mining lubricants market is registering a substantial CAGR of 5.10% in the forecast period of 2019-2026.
Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the mining lubricants market.Scope of the Mining Lubricants MarketGlobal mining lubricants market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel, Rest of Middle East and Africa (MEA).All country based analysis of the mining lubricants market is further analyzed based on maximum granularity into further segmentation.
Based on type the market is segmented into mineral oil and synthetic lubricants.
Also it creates a relationship of the market outlook with Porter Five Force AnalysisThis research report is inclusive concept of the market progression.
Global lubricants market size is expected to reach USD 166.25 billion by 2025 with a CAGR of 3.8%.
Lubricants imply substances used to reduce or control friction as well as wearing of surfaces coming in contact with dissimilar bodies in relative motion.
These high-performance constituents are extensively used in numerous end-use industries such as corrosion inhibitors, anti-wear additives, friction modifiers, extreme pressure (EP) additives and viscosity index improvers.
In addition, the continuous revolution in the automotive manufacturing, such as launching of innovative rubber products that decrease harmful influence of waste landfills on the environment is anticipated to drive the demand in the years to come.Also, the rapid development of several manufacturing business in developing countries is one of the factors may propel the overall market growth in the years to come.
The growing acceptance of hybrid electric vehicles could hamper the development of the market in the forecast period.Get Free PDF Sample Copy of the Report (Including Full TOC, List of Tables & Figures) @ https://www.millioninsights.com/industry-reports/lubricants-market-size/request-sampleLubricants Market may be explored by type, applications, and geography.
Automotive sector of lubricant is the dominant application of the market in 2016, covering 56.0% of the market share by volume.
