Construction Lubricants Market Size 2019 – Huge Growth Opportunities & Expansion till 2024

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Construction Lubricants Market Research Report -
Global Forecast till 2024
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2024
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Construction Lubricants Market - 2024
Construction Lubricants Market by Base
Oil (Mineral Oil, Synthetic Oil), Type (Hydraulic
Oil, Gear Oil), Application (Earthmoving
Equipment, Heavy Construction Vehicle) and Region
(Asia-Pacific, North America, Europe, Latin
America and Others) - Forecast till 2024 Market
Research Future has Published a Half-Cooked
Research Report on the Global Construction
Lubricants Market. Market Summary The global
demand for construction lubricants stood at USD
13 billion in 2018, and the market is poised to
exhibit a CAGR of over 4 during the forecast
period, however, substantial growth is expected
from the developing nations with the growing
construction activities along with the adoption
of new construction techniques. Additionally, the
growing demand for construction equipment along
with increasing adoption of synthetic lubricants
in construction applications is expected to boost
the demand for the product during the forecast
period. Competitive Analysis The key players
operating in the global construction lubricants
market are Exxon Mobil Corporation (US), Phillips
66 Company (US), PetroChina Company Ltd (China),
Fuchs Petrolub SE (Germany), Amsoil Inc (US),
Royal Dutch Shell PLC (the Netherlands),
Valvoline, Inc (US), Clariant (Switzerland),
Calumet Specialty Products Partners, L.P (US),
Chevron Corporation (US), BP PLC (UK), Total
(France), Lukoil (Russia), Petronas (Malaysia),
Yushiro Chemical Industry (Japan), Sinopec
Corporation (China), Morris Lubricants (UK),
Quaker Chemical Corporation (US), Lucas Oil
Products, Inc (US), Rock Valley Oil and Chemical
Co (US), Indian Oil Corporation Limited (India),
and Gulf Oil India (India).
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Construction Lubricants Market - 2024
Segment Analysis Base oil is a major
constituent of a lubricant. The type of base oil
to be used depends on certain criteria such as
viscosity, oxidation, pour point, seal
compatibility, additive solubility, and thermal
stability. Based on base oil, the global
lubricants market has been segmented into
synthetic oil, mineral oil, and bio-based oil.
The mineral oil segment accounted for the largest
market share in 2018, followed by the synthetic
oil segment. The mineral oil-based lubricants
segment has been dominating the market over the
past decade due to their excellent properties
such as superior performance at high temperatures
and stability over a long period. They also offer
advantages such as better solubility with
additives, enhanced compatibility with seals, and
lower cost. However, the use of mineral oil-based
lubricants is expected to reduce due to
regulatory pressure on account of the detrimental
environmental impact. This has led to an
increased demand for synthetic and bio-based
alternatives. Hence, the synthetic lubricants
segment is expected to register the highest CAGR
during the forecast period. Based on type, the
global market has been segmented into hydraulic
oil, engine oil, gear oil, automatic transmission
fluid, compressor oil, grease, and others. The
hydraulic oil segment accounted for the largest
market share and is expected to maintain its
dominance throughout the forecast period. The
demand is attributed to the increasing adoption
of high-end hydraulic-powered machinery in
construction and mining activities. Based on
application, the global market has been segmented
into earthmoving equipment, material handling
equipment, heavy construction vehicles, and
others. The earthmoving equipment segment
accounted for the largest market share in 2018,
the demand for different types of lubricants in
equipment such as excavators and dozers for
smooth operations is driving the demand for the
product.
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Construction Lubricants Market - 2024
Table Of Contents 1 Executive Summary 2 Market
Introduction 3 Market Research Methodology 4
Market Dynamics Of Global Construction Lubricants
Market 5 Market Factor Analysis Of Global
Construction Lubricants Market 6. Global
Construction Lubricants Market, By Base Oil 7.
Global Construction Lubricants Market, By Type 8.
Global Construction Lubricants Market, By
Application 9. Global Construction Lubricants
Market, By Region 10. Company Landscape 11.
Company Profiles 12. Conclusion
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