GURUGRAM, India, Feb. 5, 2019
India industrial lubricants market segmentation by origin (mineral, semi-synthetic and synthetic lubricants), by type of industrial lubricants (hydraulic oil, metal working fluids, industrial gear oils, turbine oils, compressor oils, industrial greases and others), by industrial end use (construction, mining and off-highway equipment; iron and non-iron production; general manufacturing, textile and chemicals; engineering equipment, automotive sector, power generation, cement and others), by type of distribution channel (direct sales and dealer network),by regional sales (north, south, east and west) and by basis of packaging (barrels, drums and tanker load; and smaller packs); Company Profile of Major Players (IOCL, HPCL, BPCL, Shell India, Gandhar Lubes, Gulf Petrochem (IPOL), Apar Industries and others)
GURUGRAM, India, Feb. 5, 2019 /PRNewswire/ --
India has been emerging as one of the leading producers of the key industrial ores and minerals. With more equipment being put into action, the higher will be the demand for industrial lubricants for efficient and productive operation of mining equipment as they are used under extreme temperature and pressure conditions which would require regular lubrication. Also, mining operations in the eastern mining belt which were witnessed to stop before are now getting recovered as a result of which, possible mining recovery could be a significant volume driver in the future.
Among different type of industrial lubricants, gear and compressor oil lubes are emerging in India. Apart from that, lube manufacturers are in progress to develop and establish low-cost manufacturing platforms that would support mass production in the near future. Growing demand for industrial greases towards major industrial applications to maintain smooth working of machines is another key factor. Energy efficiency, extended maintenance intervals, increased thermal stress, reduced sump sizes, higher operating loads and speeds are some of the leading drivers which will also boost the demand for both synthetic as well as semi-synthetic lubes in future.
New Manufacturing Bases: General manufacturing businesses in India are further estimated to increase in the near future, especially the manufacturing processes of electronic components owing to its rising demand among the country's population. The government of India in January, 2018 has approved a total of 18 electronic manufacturing clusters in 12 states of India and another 90 manufacturing units have been booked towards seeking approval. New establishments would create a positive demand on the utilization of industrial lubricants to increase the efficiency as and output of machines used in the electronic manufacturing processes.
Analysts at Ken Research in their latest publication "India Industrial Lubricants Market Outlook to 2023 – Expected Tailwinds from Construction, Automotive and Tire Manufacturing along with Surging Penetration from International Companies" believe that developing industrial lubricants for construction and mining based applications, improving sales and promotion/advertising of lubricants, introducing facilities for refining of used oil, recycling and effective disposal of lubricants, focusing towards improving logistics infrastructure and by investing in R&D will aid the industrial lubricants market in India. The market is expected to register positive CAGR of 5.0% in terms of revenue and 4.6% in terms of sales volume during the forecasted period FY'2018-FY'2023E.
Key Segments Covered:
By Type of Industrial Lubricants
By Industrial End Use
By Type of Distribution Channel
By Basis of Packaging
Key Target Audience:
Time Period Captured in the Report:
(FY refers to fiscal year ending 31st March of every year; E refers to Estimated Numbers)
For more information on the market research report please refer to the link below:
Key Topics Covered in the Report
UAE Lubricants Market Outlook to 2022 – By Automotive (Heavy Duty Diesel Engine Oils, Passenger Car Motor Oils, Hydraulic Oils, Gear Oils, Greases and Transmission Fluids) and Industrial Lubricants (Hydraulic Oils, Industrial Gear Oils, Greases, Compressor Oils, Turbine Oils and Transformer Oils)
The report provides a comprehensive analysis of automotive and industrial lubricants market in UAE. The report focuses on overall market size, market segmentation by origin (mineral, synthetic and semi-synthetic lubricants), by application (automotive and industrial lubricants), market segmentation of automotive lubricants market by application (heavy duty diesel engine oils, passenger car motor oils, hydraulic oils, gear oils, greases, and transmission fluids), by end users (passenger vehicle lubricants, commercial vehicle lubricants, marine lubricants and aviation lubricants), by channel of distribution (OEM workshops/service stations, dealer network, supermarket and others), market segmentation of industrial lubricants market by application (hydraulic oils, industrial gear oils, turbine oils, compressor oils, greases and transformer oils), by end users (construction, power generation, manufacturing and others) and by channel of distribution (direct sales by companies and dealer network). The report also covers the overall competitive landscape; government role and regulations, trade scenario, snapshot on emerging lubricants, trends and developments. The report concludes with future projections highlighting the major opportunities and cautions.
Nigeria Lubricants Market Outlook to 2022- By Type of Lubricant (Engine Oil, Industrial Oil, Transmission Oil, Marine Oil, Grease and Specialty Lubricants), Type of Applications (Automotive and Industrial), Region (Lagos, Northern Nigeria, Eastern Nigeria and Western Nigeria)
The report provides a comprehensive analysis on the automotive and industrial lubricants industry of Nigeria. The report covers various aspects including introduction on Nigeria Lubricants market, value chain, stakeholders in the market, market size by revenue and volume of domestic consumption (2012-2017), overall lubricants market segmentation on the basis of origin, region, types of lubricants, type of application, automotive lubricants market segmentation on the basis of type of oil, type of end users, type of channel of distribution, industrial lubricants market segmentation on the basis of type of oil, type of end users, type of channel of distribution, competition scenario in the industry, shares and company profiles of major players in the market, regulatory framework, trends, developments, drivers and restraints in the lubricants market and SWOT analysis of the industry. The report also includes future outlook for the market (2017-2022) including estimated market size in terms of revenue and in terms of domestic consumption volume.
Philippines Lubricants Market by Type (Mineral, Semi-Synthetic and Synthetic), by Application (Automotive – Passenger, Commercial, Marine and Aviation and Industrial – Mining, Construction, Manufacturing, Iron and Steel, Agriculture, Electricity and Medical) - Outlook to 2021
The report suggested a rapid growth in the Philippines lubricants market, majorly driven by boosting crude oil imports, thus assisting market players to offer more lubricants in the country. The stakeholders of this report include lubricant manufacturers, dealers, companies involved in research, automotive workshop owners in the Philippines and the new entrants and venture capitalists who wish to invest in lubricant market in future.
Detailed comparative analysis of major lubricant market players has also been provided. Various marketing analysis factors such as trends and developments and SWOT analysis are also added in the study. The future analysis of the overall Philippines lubricants market has also been discussed along with recommendations from analyst view.
Ken Research, Head Marketing