Skip to main content

Global Independent Lubricant Manufacturers Market: Flourishing Automotive Industry Continues to Drive Market, says TMR

The global independent lubricant manufacturers market is led by Fuchs Lubricants in 2012, states a new report by Transparency Market Research. The company is focusing on expanding their business through establishing plants across the globe. Other players in the market are not necessarily those with their own refineries. Many independent lubricant manufacturers source their base oil from other suppliers such as oil refineries and petroleum companies. Players are focusing on marketing and manufacturing high performance products. The development of sustainable products for end user industries will be another area of interest for independent lubricant manufacturers across the globe. Some of the other key players in the market are Carlube, Motul, Liqui Moly, Pentosin, Unil-Opal, Torco, Amsoil, Royal Purple, and Red Line. 
According to the report, the global independent lubricant manufacturers market is expected to be worth nearly US$8.5 bn by 2019. On the basis of product, the market is segmented into automotive lubricants and industrial lubricants. Of these, the automotive industry is anticipated to witness a significant growth in the coming years. However, in the past, the industrial lubricants segment has led in the market. By geography, the global independent lubricant manufacturers market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Asia Pacific led in terms of contributing the maximum, in terms of revenue in the past, followed by North America and Europe. By end user, the market is segmented into EM units, mining industry, steel industry, and agriculture.
Rising Demand from Automobile Sector to Drive Growth of Independent Lubricant Manufacturers Market
The primary driver of the global independent lubricant manufacturers market is the heightened applications of lubricants in the automotive sector. Another factor fueling the growth of the market is the demand for bio-based alternatives, In addition to this, independent lubricant manufacturers are providing technical assistance, which is also aiding the growth of the market. Moreover, players are investing extensively on research and development to ensure customers get improved products and this is also helping the independent lubricant manufacturers market to grow.
The growth in the number of automobiles sold and the increasing disposable incomes are some of the other factors which are indirectly having a positive impact on the market. In addition to this, many OEM car manufacturers have signed agreements with independent lubricant manufacturers such as Audi, BMW, Porsche, and Mercedes.
Price Fluctuations in Mineral Oil to Pose Problem
Factors such as the rising volatility in the prices of mineral oil is expected to act as a restraining factor, which will hamper the global independent lubricant manufacturers market. In addition to this, the high price of bio-based lubricants will also hamper the growth of the market in the long run. However, signing of new agreements with independent lubricant manufacturers by OEM car manufacturers is expected to create new opportunities in the market. The growing applications of lubricants in the mining, steel, and agriculture industry are slated to drive the market in the coming years and act as opportunity. In addition to this, Europe has a highly established automotive industry and includes some of the top OEM car manufacturing companies and this will prove to be a lucrative market for the global independent lubricant manufacturers. 
Independent Lubricant Manufacturers Market by Product
  • Industrial Lubricants
  • Automotive Lubricants
Independent Lubricant Manufacturers Market by End-user Industry
  • EM Units
  • Mining Industry
  • Steel Industry
This information is based on the findings of a report published by Transparency Market Research titled “Independent Lubricant Manufacturers Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2013 - 2019.”
Labels:
Location: Albany, NY, USA

Comments

Post a Comment

Popular posts from this blog

Physical Vapor Deposition Market: Knowledge Regarding Benefits over Conventional Coating Methods to Fuel Demand, says TMR

The  global physical vapor deposition (PVD) market  is currently led by manufacturers such as IHI Ionbond AG and Oerlikon Balzers (Oerlikon Group). Together these companies account for the dominant market share in the market, clearly due to the superfluous coasts of PVD devices. As the patent protected nature of the PVD technology has restricted the scope for entry of new players, the existing ones enjoy stronghold in determining the price points. A majority of these companies are domiciled in North America, Europe, and Asia Pacific, finds Transparency Market Research (TMR) in a new study. As a result, only strategic collaborations with PVD companies across these regions can help new vendors establish their foothold in the global physical vapor deposition market.  As per TMR, the global PVD market, which in 2015 stood at US$13.6 bn is expected to reach US$21.8 bn by the end of 2024. If the figures hold true, the global physical vapor deposition market will exhibit...
Post a Comment
Read more

Glass Fiber Reinforced Gypsum Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025

Glass Fiber Reinforced Gypsum (GFRG) is a composite application utilizing naturally occurring mineral gypsum combined with reinforcing fibers. It may also contain polymers to increase product strength. The molding process can be either hand lay-up or a chopped strand spray method. Stereotypically, the end product is used for indoor applications with negligible exposure to moisture or other environmental elements. Completed composites are in the form of ornamental or decorative columns, pillars and facades. With the slowdown in world economic growth, the global market has also suffered a certain impact, but still maintained a relatively optimistic growth. In terms of revenue, the Global Glass Fiber Reinforced Gypsum Market was valued at US$ 458.49 Mn in 2016 and is expected to reach US$ 888.35 Mn by 2025, expanding at a CAGR of 7.6% from 2017 to 2025. The Global Glass Fiber Reinforced Gypsum Market is boosted by factors such as: ·       ...
3 comments
Read more
A new research report released by U.S.-based market intelligence firm Transparency Market Research analyzes the linear alkyl benzene market quantitatively and estimates that it will grow upon its 2011 market value of US$6,149 million at a steady CAGR of 4.3% from 2012 to 2018. The report is titled ‘ Linear Alkyl Benzene Market for - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 - 2018’ , and provides detailed analysis of the  global linear alkyl benzene market  as well as insightful forecasts about the upcoming state of the market in terms of revenue and volume. According to volume, the global alkyl benzene market totaled 3,391.6 kilotons in 2011. Linear alkyl benzene is an important component in the production of linear alkylbenzene sulfonate, which is used to produce detergents. Production of linear alkylbenzene sulfonates takes up a major share of the global linear alkyl benzene market. The applications of linear alkylbenzenene sulfonate a...
Post a Comment
Read more