Market Research Report
Industrial Lubricants: Global Markets
|Published by||BCC Research||Product code||960288|
|Published||Content info||192 Pages
Delivery time: 1-2 business days
|Industrial Lubricants: Global Markets|
|Published: September 4, 2020||Content info: 192 Pages||
The global market for industrial lubricants should grow from $53.6 billion in 2020 to $61.6 billion by 2025, at compound annual growth rate (CAGR) of 2.8% for the period of 2020-2025.
The construction segment market for industrial lubricants should grow from $10.6 billion in 2020 to $12.4 billion by 2025, at a CAGR of 3.2% for the period of 2020-2025.
The power generation segment market for industrial lubricants should grow from $7.1 billion in 2020 to $8.4 billion by 2025, at a CAGR of 3.5% for the period of 2020-2025.
In this report, the market has been segmented based on industrial end-use category, material, form of material, application and region. It offers an overview of the global market for industrial lubricants and analyzes global market trends, considering a base year of 2019 and estimates for 2020 and 2025. Revenue forecasts for 2025 are given for each industrial lubricant type, form of material, application and region. Estimated values are derived from manufacturers' total revenues.
The report also includes a discussion of the major players in the market. Further, it explains the major drivers and regional dynamics of the market for industrial lubricants and current trends within the industry. The report concludes with a special focus on the vendor landscape and includes detailed profiles of the major vendors in the global market for industrial lubricants.
This report covers the technological, economic and business considerations of the industrial lubricants industry with analyses and forecasts provided for global markets. Included in the report are descriptions of market forces relevant to the industrial lubricants industry and their areas of application.
Global markets are presented by base oil, product type and end-use industry of industrial lubricants, along with growth forecasts through 2025. Estimates on sales value are based on the price in the supply chain at which the industrial lubricants are procured by manufacturers.
Market-driving forces and industry structure are examined. International aspects are analyzed for all world regions and base oil of industrial lubricants. Brief profiles of major global manufacturers are presented.
The presently developing COVID-19 pandemic has currently halted the progress of economies across the world. In addition to taking measures to lock down their respective countries to contain the spread of the coronavirus, especially in affected cities, various governments across the world are also taking the measures necessary to contain the economic slowdown.
The report considers the impact of COVID-19. In 2020, the growth rate of every industry across the world has been impacted by the pandemic, and thus the industrial lubricants market will also be indirectly affected. The market is, however, expected to bounce back in 2021, due to the relief packages or disaster aid packages provided by various governments to boost their economies.
The report does not include separate market data for the very small end-use industries covered under the other categories, such as electronics, pulp and paper, and marine (deck manufacturing).
A negative economic outlook has been assumed in all the regions for 2020 due to COVID-19, but a later positive economic outlook has been assumed to continue in all the regions until 2025. The growing economies are assumed to attract key companies in the market and increase consumer spending.