Rapporto sulla dimensione del mercato dei lubrificanti e analisi della crescita 2028

  • Report Code : TIPRE00003547
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 157
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[Rapporto di ricerca] Il mercato dei lubrificanti è stato valutato a 148,18 miliardi di dollari nel 2020 e si prevede che raggiungerà 190,64 miliardi di dollari entro il 2028; si prevede che crescerà a un CAGR del 2,7% dal 2021 al 2028.

 

APPROCCI DI MERCATO E PUNTO DI VISTA DEGLI ANALISTI

I lubrificanti sono sostanze utilizzate per ridurre l'attrito tra due superfici a contatto. Vengono utilizzati principalmente per ridurre al minimo l'usura, la generazione di calore e la perdita di energia quando due parti mobili entrano in contatto. I lubrificanti possono essere liquidi, come gli oli, o semisolidi, come i grassi. Lo scopo principale dei lubrificanti è quello di fornire uno strato protettivo tra le superfici, formando una barriera che impedisce il contatto diretto metallo-metallo. In questo modo, i lubrificanti riducono l'attrito e consentono movimenti più fluidi, il che aiuta a prolungare la durata delle apparecchiature o dei macchinari coinvolti. L’industrializzazione in corso e lo sviluppo delle infrastrutture in molti paesi stanno guidando la domanda di lubrificanti. Con l'espansione delle industrie e l'aumento dei progetti infrastrutturali, aumenta la necessità di lubrificanti in vari settori, tra cui manifatturiero, edile, minerario e dei trasporti.

KEY APPROFONDIMENTI

FATTORI E SFIDE DELLA CRESCITANel 2021, le economie hanno iniziato a rilanciare le loro attività e vari settori hanno ripreso le attività commerciali. Di conseguenza, diversi settori, compreso quello automobilistico, hanno assistito a una ripresa delle loro attività. Secondo l’Organizzazione internazionale dei produttori di veicoli a motore (OICA), le vendite globali di tutti i tipi di veicoli sono cresciute da 77,6 milioni nel 2020 a 85,0 milioni nel 2022. Pertanto, l’aumento delle vendite di veicoli ha aumentato la domanda di componenti per veicoli, che ha rafforzato la domanda di lubrificanti. La ripresa dei settori aerospaziale e automobilistico sta guidando la crescita del mercato dei lubrificanti.

PAESAGGIO COMPETITIVO E AZIENDE CHIAVE

Partnership, acquisizioni e lancio di nuovi prodotti sono risultati essere le principali strategie adottate dagli attori che operano nel mercato globale dei lubrificanti. Alcuni dei principali attori che operano nel mercato dei lubrificanti includono Shell Plc, Exxon Mobil Corp, TotalEnergies SE, Chevron Corp, BP Plc, Lukoil Oil Co, Fuchs Petrolub SE, Valvoline LLC, Indian Oil Corp Ltd e China Petroleum & Chemical Corp.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


Based on base oil, why mineral oil accounts for the largest share in the global lubricant market?

Mineral oil is formed as a byproduct of crude oil refining. Mineral oil also has various industrial uses, such as usage in railroad, automotive, and aviation industries. The mineral oil is also widely used in variety of pharmaceuticals, foods and cosmetics and personal care products.

Based on product type, why engine oil accounts for the largest share in the global lubricant market?

Engine oil is most widely used lubricant across vertical of application such as diesel trucks, passenger cars, light duty trucks, pickup trucks, mining equipment, farming equipment, generators, irrigation pumps, air compressors, diesel engines and stationary engines. The engine oil consist of base oils enhanced with various additives such as oxidation inhibitor additives, anti-foaming, antiwear additives, detergents, dispersants, and, for multi-grade oils, viscosity index modifiers and antifreeze additives.

Based on end use industry, which held the fastest CAGR in the global lubricant market during the forecast period?

On the basis of end use industry, the industrial segment held the fastest CAGR in the lubricant market for the forecast period. Industrial lubricants are oils, greases, fluids, and other compounds that reduces binding, friction, wear, or exclude moisture. It is used to modify surface properties, regulate temperature, or remove debris. Lubricant is used to increase the efficiency and enhance the performance of industrial machinery and equipment. Lubricants used in industrial applications are formulated to prevent any damage or problems caused by degradation, prolong service intervals, increase the uptime of your machinery, enhance its productivity, and provide greater operational reliability.

Can you list some of the major players operating in the global lubricants market?

The major key players operating in the global lubricants market include Royal Dutch Shell, Exxon Mobil Corp, Chevron Corp, BP plc, Total, Lukoil, Sinopec Lubricant Company, Fuchs, Indian Oil Corp, and Valvoline.

Which region held the largest share of the global lubricants market?

The Asia Pacific dominated the global market. The region is expected to continue its dominance during the forecast period. The growing market penetration of the automotive industry in recent years in the Asian countries is estimated to accelerate the lubricant market growth in this region during the forecast period. Along with this, an increase in the pace of industrialization in China is adding to the demand for oil, grease and synthetic oil, which is further propelling the use of lubricants. The Chinese government has launched “Made in China 2025,” a state-led industrial policy that seeks to make China a dominant country in global high-tech manufacturing sector.

Based on end use industry, which segment held the largest share in the global lubricant market?

Based on end use industry, the automotive segment held the largest share in the lubricant market for the forecast period. Lubricants used in automotive industry is used for various applications such as engine, chassis, transmission, brakes, doors, window actuators, sunroof, windscreen wiper blades, noiseless pedals, convenient seat adjustment, reliable brakes, and among other applications. Grease is used in the suspension and steering joints to prevent premature wear and tear. Brake fluid is used to maintain and enhance the performance of brake systems.

The List of Companies - Lubricants Market

  1. Royal Dutch shell
  2. Exxon Mobil Corp
  3. Chevron Corp
  4. BP plc
  5. Total
  6. Lukoil
  7. Sinopec Lubricant Company
  8. Fuchs
  9. Indian Oil Corp
  10. Valvoline

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published and advised several client across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organization are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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