#APAC Fluids and Lubricants Market for Electric Vehicles

[researchrealmblog]

The Future of Automotive Mechanical Oil Pumps: Innovations and Challenges

Market Overview

The automotive mechanical oil pump market will generate an estimated revenue of USD 18.2 billion in 2024, and it is expected to witness a CAGR of 2.3% during 2024–2030, to reach USD 20.9 billion by 2030. The growth is attributed to increasing demand of passenger and commercial vehicles in the global market under the stringent emission standards. Optimal performance and efficiency of the engine are crucial, and this is why mechanical oil pumps are important.

There is need to improve the fuel economy that at the same time will lower the running cost while at the same time extending the period between major engine overhauls hence lowering maintenance costs. Higher consumption of efficient cars, higher cost of fuel, and the increased standard of emissions are the recent trends that have shaped the global automotive industry.

As a result, many nations are donating the equipment for the installation of oil pumps that further contribute to the durability of the car. Used in every automotive engine, the automatic oil pump assists in starting and stopping the car, and in maintaining the oil pressure the pistons provide while it lubricates the various parts of the engine. They are both aimed at raising the fuel economy of the car in question.

The increase in the production of ICE and other hybrid electric vehicles is a major factor influencing the automotive mechanical oil pump market, as these are one of the several parts of the lubrication system. With the increasing consumption of automobiles, mechanical oil pumps are bought by the OEMs for fitment during automobile manufacturing.

Key Insights

Wet sump category holds a larger market share of 65% in 2024.

Commonly used in smaller engines with minimal lubrication needs and lower power consumption.

Preferred in most automotive engines due to simplicity, cost-effectiveness, low weight, and minimal maintenance.

Passenger vehicles category accounts for the largest share of 40% in 2024.

Higher production volume to meet increasing demand for personal mobility worldwide.

Gasoline category dominates the market in 2024 with around 50% share.

Requires less-frequent servicing compared to diesel engines and is cost-effective.

Depend heavily on mechanical oil pumps for lubrication and cooling.

Hybrid category is expected to be the faster-growing category with a CAGR of 3.7% during 2024–2030.

Growth driven by environmental concerns and regulations against pure-ICE vehicles.

EV sales are rising, but high costs and inadequate charging infrastructure push HEV/PHEV sales, offering benefits of both ICEs and BEVs.

Vane category is expected to witness the highest CAGR of 2.6% during 2024–2030.

Vane pumps, known as surface tension pumps, enhance fluid velocity and handle less-viscous fluids at high pressures better than gear pumps.

OEMs hold a larger share of 70% in 2024.

Growth driven by demand for mechanical oil pumps integrated into vehicles during manufacturing.

OEMs provide better parts compared to the aftermarket, ensuring efficient lubrication and reduced fuel consumption to meet emission regulations.

APAC holds the largest revenue share of 45% in 2024 and is expected to develop at the highest CAGR of 2.7% from 2024 to 2030.

Growth driven by the expanding automotive sector in regional developing countries.

Strict emission regulations in APAC improve air quality and resolve environmental issues.

Mechanical oil pumps help reduce friction, increase efficiency, and optimize engine lubrication.

In India, the automotive industry produced 25.93 million vehicles in FY2023.

Contributed 8% of the country’s exports and 7.1% of India’s GDP.

Includes three-wheelers, two-wheelers, passenger vehicles, commercial vehicles, and quadricycles.

Source: P&S Intelligence

[marketingreportz]

Construction Lubricants Market - Forecast(2024 - 2030)

Construction Lubricants Market Overview

The Construction Lubricants Market size is estimated to reach US$12.5 billion by 2030, after growing at a CAGR of 3.8% over the forecast period 2024–2030. Construction lubricants are used to reduce friction between moving parts or surfaces and to improve the efficiency of construction machines and it includes hydraulic fluid, automatic transmission fluid, compressor oil, grease and engine oil. Lubricants are used to reduce friction in construction equipment such as bulldozers, dump trucks, draglines, scrapers and shovels and other heavy machinery.

The global expansion of the construction sector is one of the primary reasons driving the growth of the construction lubricants market. The rising need for high-quality lubricants in a variety of construction activities, as well as the growing popularity of synthetic oil-based lubricants due to advantageous qualities such as water solubility, are driving the market growth. The covid-19 pandemic majorly impacted the construction lubricants market due to restricted production, supply chain disruption, logistics restrictions and a fall in demand. However, with robust growth and flourishing applications across major construction industries the construction lubricants industry is anticipated to grow rapidly over the forecast period.

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Market Snapshot

Construction Lubricants Market Report Coverage

The “Construction Lubricants Market Report — Forecast (2024–2030)” by IndustryARC, covers an in-depth analysis of the following segments in the construction lubricants industry. By Base Oil — Mineral Oil, Synthetic Oil and Bio-Based Oil. By Type — Hydraulic Oil, Engine Oil, Gear Oil, Automatic Transmission Fluid, Compressor Oil, Grease and Others. By Equipment — Earthmoving Equipment, Material Handling Equipment, Electrical & Electronics, Heavy Construction Vehicles and Others. By Application — Commercial and Residential. By Geography — North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of the Middle East) and Africa (South Africa, Nigeria and Rest of Africa)].

Key Takeaways

The Asia-Pacific region dominates the construction lubricants market size, owing to the region’s high economic growth rate and high investment in the construction industry.

The expanding construction activities, as well as the upgrading of heavy machinery, are the primary driving factors influencing the construction lubricants market.

However, technological developments are limiting market growth by reducing equipment size and lubricant consumption in the construction industry.

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Construction Lubricants Market Segment Analysis — by Base Oil

Synthetic Oil held a significant share in the Construction Lubricants market share in 2023 and is forecasted to grow at a CAGR of 3.3% over the forecast period 2024–2030, owing to the extensive characteristics provided by synthetic oil over other base oil types such as mineral oil and bio-based oil. Synthetic oils are base oils and additives that improve an engine’s overall performance. When compared to traditional mineral oil-based lubricants, synthetic oils offer improved performance, lower maintenance costs and address environmental concerns. As a result of the increased focus on emissions and expanding consumer awareness about the benefits of synthetic oils, there is a large demand for synthetic oils, which is contributing to the revenue growth of the global

construction lubricants market size.

Construction Lubricants Market Segment Analysis — by Application

The Commercial held a significant share in the Construction Lubricants market share in 2023 and is forecasted to grow at a CAGR of 4.1% during the forecast period 2024–2030, owing to the significant use of construction lubricants in the commercial sector. Construction lubricants lower corrosion and friction while increasing the longevity of the machine’s moveable elements. The commercial construction sector is expanding globally owing to a robust economy and solid market fundamentals for commercial real estate, as well as an increase in government initiatives for public works and institutional buildings. For Instance, Argentina has proposed a commercial building proposal of $428 million dollars. As part of the Plan Argentina Hace, the Ministry of Public Works said in January 2022 that it would invest ARS10.6 trillion ($91 billion) to complete 3,131 new infrastructure works and projects around the country. With the rise in commercial activities across the globe, the demand for construction lubricants is anticipated to rise for various applications, which is projected to boost the market growth in the commercial industry during the forecast period.

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Construction Lubricants Market Segment Analysis — by Geography

The Asia-Pacific region held the largest share in the Construction Lubricants market share in 2023. The fuelling demand and growth of construction lubricants in this region are influenced by flourishing demand from construction industries, along with fuelling construction activities across APAC. The building and construction sector is growing rapidly in Asia-Pacific owing to a major development in infrastructural projects, emphasis on affordable housing units and modular building technology. According to the Department for Promotion of Industry and Internal Trade (DPIIT), In India, Between April 2000 and September 2023, foreign direct investment (FDI) in the construction development (townships, housing, built-up infrastructure and construction development projects) and construction (infrastructure) activity sectors totalled US$26.4 billion and US$32 billion, respectively. According to the International Trade Administration, the construction sector in China is projected to grow at an average of 8.6% from the year 2022 to 2030. Furthermore, the Make in India campaign by the Government of India plans to achieve infrastructural investment worth US$965.5 million by the year 2040. With the robust growth of the building and construction industry in Asia-Pacific, the demand for construction lubricants for equipment such as hydraulic fluid, engine oil, grease and others in construction will rise. Thus, with the high growth of construction lubricants in construction applications, it is anticipated that the demand for the construction lubricants industry will flourish during the forecast period.

Construction Lubricants Market Drivers

Government Initiatives Bolstering the Growth of the Commercial Sector:

Construction Lubricants reduce corrosion and frictio n while increasing the longevity of machine moveable parts, which drives the market growth of construction lubricants in the commercial industry. The demand for Construction Lubricants is rapidly growing as government investment in the commercial industry increases. For instance, Kansai International Airport in Japan will spend about 100 billion yen (US $683 million) by 2025 to upgrade the larger terminal, to increase space for international flights at the country’s №2 hub. The Indian Union Budget of February 2023 aims to build 50 additional airports, aerodromes, helipads, and water routes to enhance connectivity. The health facility revitalization component of the national health insurance indirect grant in South Africa has been allocated R4.4 billion (US $23.3 million) over the medium term (2022–2025). These grants are aimed at accelerating the construction, maintenance, upgrading and rehabilitation of new and existing health system infrastructure. Over the medium term, the department aims to construct or revitalise 92 health facilities through the indirect grant and conduct major maintenance work or refurbishment on a further 200 facilities. The Union Budget 2023 also allocated Rs 76,431 crore (US $9.3 billion) to the Ministry of Housing and Urban Development (MoHUA) with the aim of aiding the completion of stalled housing projects. As a result of all these initiatives, the demand for construction lubricants for equipment such as hydraulic fluid, engine oil, grease and others in construction will rise. Thus, with the high growth of construction lubricants in the commercial industry, it is anticipated that the demand for the construction lubricants industry will flourish during the forecast period.

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Bolstering Growth of the Residential Industry:

Construction Lubricants have seen a huge increase in their use in residential areas. The residential industry uses a variety of equipment that require construction lubricants in order to eliminate breakdowns and reduce friction. Additionally, individuals are remodeling their homes in accordance with trends to improve their visual appeal of the same. Due to these comprehensive qualities and Urbanisation, the market for construction lubricants for the residential industry is growing. For instance, the residential construction industry in Canada displayed a notable upswing in august. Statistics Canada reported a 1.6% surge in investment to $11.9 billion, with single-family homes rising by 2.4% to $5.9 billion and multi-unit constructions climbing 0.9% to $6.0 billion. According to Japan’s Ministry of Land, Infrastructure, Transport and Tourism, the construction reported a 5% rise in housing construction within the public sector in 2023. Thus, with the high growth of construction lubricants in the residential industry, it is anticipated that the demand for the construction lubricants industry will flourish during the forecast period.

Construction Lubricants Market Challenge

Fluctuations in Crude Oil Prices

Fluctuations in crude oil prices continue to be one of the main challenges in the construction lubricants market. Construction lubricants are essentially petrochemicals derived from Brent crude oil. Rising crude oil prices cause raw material price volatility, posing substantial hurdles for manufacturers in the construction lubricants market. For instance, the Brent crude oil price increased from US$86.51/bbl in Jan 2022 to US$122.71/bbl in June 2022 and then decreased to US$74.84/bbl in June 2023. This results in a considerable increase in construction lubricant prices, which drives up manufacturing costs and reduces manufacturers’ profit margins, thereby limiting the construction lubricants market growth.

Construction Lubricants Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the construction lubricants market. The top 10 companies in the Construction Lubricants market are:

Royal Dutch Shell

ExxonMobil

BP p.l.c.

Chevron Corporation

TotalEnergies SE

Petrochina Company

LUKOIL

Indian Oil Corporation

Sinopec

Fuchs Petrolub SE

Recent Developments

In May 2023, BIGBEN’s introduction of ScaffOil represented a significant leap in construction lubricants. This eco-friendly, high-performance product tailored for scaffolding and construction offers weather resilience and superior penetrating power. Its focus on durability and operational efficiency aligns with evolving demands in this sector.

In June 2022, Volvo Construction Equipment launched Volvo Hydraulic Oil 98611 HO103, revolutionizing the construction lubricants market. This oil extends drain intervals in Volvo’s crawler excavators to 3,000 hours, enhancing equipment performance and longevity. Featuring optimized fuel efficiency, reduced oil consumption, and environmental benefits, it offers diverse viscosity options, marking a significant advancement in lubricant technology.

In March 2022, BPCL, launched four new MAK lubrication products. Each product is intended to improve customer performance, dependability and durability

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[constructioandchemicalblog]

Pentaerythritol Market Expected to Rise at a CAGR of 5.10% during 2022-2028

Pentaerythritol market 2021 is projected to be worth USD 2,346.466 Billion by 2028, registering a CAGR of 5.10% says MRFR (Market Research Future). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

Top Drivers and Challenges

With properties like high flash point and low volatility that result in high ignition resistance, pentaerythritol has become the most preferred alternative for dielectric fluids in transformers. The expanding application scope in electrical transformer dielectric fluids could benefit the market in the years to come. Pentaerythritol also finds applications in end-use industries such as paints, construction and automotive. Some of the key automotive applications are coatings, lubricants, polyurethane foam and interior, which are expected to propel the market growth in the ensuing years.

The rapid surge of the global automotive industry along with the population expansion and rising disposable income across countries can also be favorable for the pentaerythritol market. Peoples’ growing willingness to expend heavily on infrastructural developments, especially in emerging countries in Latin America and Asia Pacific coupled with the expanding middle class populace can lead to higher revenue generation in the forthcoming years. Escalation in the number of government led initiatives in the form of affordable home loans are bolstering the construction industry in India and China, boosting the growth scope of the construction sector.

Vigorous research and development (R&D) activities by leading firms in the market are also producing favorable results, in terms of growth. The latest trend observed in the market is the elevated preference for bio-based polyols, which is compelling companies to adopt bio-based manufacturing methods. Therefore, the introduction of bio-based products and the expansion of niche application sections like flame retardants and explosives can present lucrative opportunities to the top contenders in the global market. Speaking of opportunities, the rise in quarrying and mining across developed as well as developing nations is fostering the uptake of explosives, which is bound to raise the demand for pentaerythritol between 2021 and 2028.

Market Segmentation

The pentaerythritol industry has been categorized with regard to application.

The main application areas of pentaerythritol are inks, plasticizers, paints & coatings, varnishes, lubricants, adhesive & sealant, and others. Other applications covered in the market study are flame retardants, medicine, explosives and pesticides.

Regional Outlook

The regional categorization of the pentaerythritol market comprises Latin America, APAC/Asia Pacific, North America, MEA/Middle East & Africa and Europe.

With the highest growth rate, the APAC market can also emerge as the global leader over the evaluation period as a result of the steady expansion of several end-use industries like automotive, agriculture, transportation, plastic and building & construction. Pentaerythritol is witnessing mounting demand across the developing countries of Indonesia, South Korea, the Philippines, India, Taiwan, Australia, Vietnam, Thailand, Japan, Bangladesh, Malaysia and China, given the exploding population and the soaring uptake of pesticide for better quality crops. The rising disposable income has bolstered the sales of automotive vehicles, which is bound to work in the favor of the regional market in the long term. The improving purchasing capacity, low cost of labor and land, requirement of lower funds for setting up production, and lenient regulatory framework are a few more important growth inducers in the APAC market.

In 2016, Europe was identified as the second most profitable market with Germany, the U.K, Italy, Russia and France touted as the top contributors to the market growth. These countries are noted for the robust presence of well-established automotive manufacturers, which boosts the growth potential of the pentaerythritol market. The frequent innovations along with R&D activities for the development of bio-based lubricants are a few other growth rendering factors in the European market.

North America could be one of the strongest contenders in the global market, thanks to the expanding industrial sector and the growing spending on maintenance and renovation of the construction industry. The United States accounts for a share of more than two-thirds of the North American market, and will continue to lead backed by the flourishing pharmaceutical industry and the soaring number of offshore and onshore activities.

Latin American countries like Argentina, Mexico, Colombia, Venezuela and Brazil will be major shareholders in the global market, in view of the extensive consumer base for transportation and automotive sectors. Meanwhile, the MEA market is projected to observe strong growth on account of the rise in construction activities, especially in Kuwait, Saudi Arabia, Turkey and the United Arab Emirates.

Key Players

Some of the highly esteemed companies active in the worldwide market are Perstorp Holding AB (Sweden), Hubei Yihua Group Co. Ltd (China), U-JIN Chemical Co.,Ltd  (South Korea), Methanol Chemicals Company (Saudi Arabia), Jiangsu Ruiyang Chemical Co., Ltd. (China), Celanese Corporation (U.S.), Ercros S.A (Spain), Samyang Chemical Corporation (South Korea), Merck KGaA (Germany), Mitsui Chemicals Inc (Japan), Kanoria Chemicals & Industries Limited (India), and more.

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[sramfact]

The global industrial lubricants market size is projected to reach USD 73.3 billion by 2024 from USD 62.8 billion in 2019, at a CAGR of 3.1%, during the forecast period. The growing demand for industrial lubricants in countries such as China, India, Japan, and South Korea from the construction, metal & mining, power generation, cement production, and automotive industries is expected to fuel the growth of the industrial lubricants market in the region. The market is evolving, with major players playing a crucial role in the development of new and advanced products. 

Royal Dutch Shell (Netherlands), ExxonMobil Corporation (US), BP p.l.c. (UK), and Total S.A. (France) are the major players in the industrial lubricants market. Royal Dutch Shell (Netherlands) is focused on expansions, new product launches, and agreements to meet the growing demand in the market. In May 2019, the company opened its first lubricant laboratory in India. The laboratory will serve as services provider for the growing demand for innovative lubricant products both in automotive and industrial segments. It launched E-fluids for electric vehicle (EV) in the same year. The products include E-Transmission Fluids, E-Thermal Fluids, and E-Greases, which will help improve EVs and other battery-operated vehicle performance. In May 2018, Shell Lubricants and Aggreko renewed supply contracts which helped Shell become the largest lubricant supplier to Aggreko in Russia, APAC, and the Americas. The expansion helped the company to meet the growing demand for industrial lubricants.

ExxonMobil (US) is focused on new product launches and expansions to meet the growing demand for industrial lubricants. In June 2019, the company completed the expansion of its Singapore refinery. The facility will strengthen the supply for group II EHC base oil, which is used for manufacturing premium-grade lubricants. In January 2019, it launched and commercialized EHC50 and EHC120 grade products from its Rotterdam Refinery. This will help the company to improve its industrial lubricants market position in the group II oil-based lubricants market, as the company manufactures base oil as well as finished products. In December 2018, ExxonMobil completed the expansion of its Rotterdam refinery, which will see an increase in production of Group II base oil for lubricants. All these strategies have helped the company to become the world’s largest producer of group I and group II base oils.

BP PLC (UK) focuses on expansions and new product launches to strengthen its position in the industrial lubricants market. In December 2019, it introduced its Castrol Edge Bio-synthetic into China. This is a synthetic base engine oil containing 25% plant-based base oil. This will help BP to strengthen its market position in premium synthetic lubricant market in Asia Pacific. In January 2018, the company launched a new product called Castrol GTX ECO, which is manufactured from 50% re-refined base oil. This has helped the company to fulfil its sustainable development targets as well as diversified its portfolio.  In December 2017, BP set up the largest new lubricant plant in China. It will be BP’s third lubricant blending plant in China, and with expected investment of around RMB1.5 billion (US$230 million), it will also represent BP’s single largest blending plant investment worldwide. The expansion will help the company to expand its product offerings.

[todaysmarket]

Electric Vehicle Fluids Market - Potential Opportunities and Company Analysis

According to a research report "Electric Vehicle Fluids Market by Product Type (Engine oil, Coolants, Transmission Fluids, and Greases), Vehicle Type (On-highway Vehicle, Off-highway vehicle), Propulsion Type (Hybrid EV, Battery EV), Fill Type, and Region - Global Forecast to 2030" published by MarketsandMarkets, the Electric Vehicle Fluids market is projected to reach USD 8,644 million by 2030, at a CAGR of 31.2% from USD 749 million in 2021. Increasing demand for electric vehicles is the major driver of the Electric Vehicle Fluids market. A specific fluid requirement in EVs is also one of the other driving factors for electric vehicle fluids as an ICE’s motor differs greatly from EV motors and thus, needs fluids, which cater to totally different functions than that in the n the ICEs. With the growing concern over tailpipe emissions and their harmful effects on the environment, stringent standards for carbon dioxide and pollutants such as nitrogen oxide, unburned hydrocarbons, and particulates have been put in place, resulting in hybrid and full EVs no longer being seen as uncommon, but the standard for the future.

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Electric vehicle fluids are substances or materials, which are used for lubricating and improving the thermal performance of electric vehicles. They are manufactured using base oils and additives with respect to different applications. They perform different functions in electric vehicles, such as regulating the battery and other electronic components, temperature, and noise and vibration reduction. The most commonly used electric vehicle fluids include engine oil, coolants, transmission fluids, greases, and brake fluids, among others.

The hybrid EV segment accounted for the larger market share in 2020; however, the Battery EV segment is expected to account for the larger share by 2030. Europe is the largest electric vehicle fluids market, followed by APAC and North America. Stringent mandates by governments are a major opportunity for electric vehicle fluids manufacturers. Emission of carbon from ICE vehicles is now treated as a significant threat by governments in many countries. Thus, the gradual tightening of fuel economy and tailpipe CO2 standards have augmented the role of EVs to meet the standards. Government initiatives pertaining to EVs, such as investment in infrastructure, tax rebates, and others, also act as a major opportunity for the growth of the electric vehicles and the electric vehicle fluids market.

“The hybrid EV segment accounted for the larger market share in 2020 during the forecast period”

Battery EVs do not require a gasoline engine, which requires fuel and routine maintenance. Though battery EVs require less EV fluids than the hybrid ones, the large-scale production of battery EVs in comparison to Hybrid EVs is expected to lead to the demand for EV fluids during the forecast period. The prices of batteries for EVs are decreasing due to the advancements in technology, which are expected to result in the reduced overall prices of BEVs.

https://www.prnewswire.com/news-releases/electric-vehicle-fluids-market-worth-8-644-million-by-2030--exclusive-report-by-marketsandmarkets-301406510.html

“Europe accounted for the largest market share in Electric Vehicles Fluid market in 2020, in terms of value.”

Europe led the electric vehicle fluids market with a share of 44.7%, in terms of value, in 2020 due to high prices and the high number of hybrid vehicles produced and sold in Europe, which requires more electric vehicle fluids than battery vehicle fluids. The high price of engine oil in comparison to other fluids, which are used in hybrid electric vehicles, is one of the major reasons for the largest market share of Europe in 2020. APAC is expected to be the fastest-growing market by 2030, mainly due to the expected high demand for electric vehicles in the region and the higher number of electric vehicles available for service fill during the forecast period. The High demand for electric vehicles in Europe due to government regulations and investments, subsidies, tax rebates, and others are supporting the growth of electric vehicle fluids in the region.

The major electric vehicle fluids market in Europe includes Germany, France, UK, Italy, Russia, Netherlands, Norway, and Sweden among others. Europe has stringent emission regulation standards. The governments of the European countries are providing significant incentives to promote electric vehicles. As a result, the demand for electric vehicles has increased significantly in the region. The region is home to manufacturers such as Renault, Audi, BMW, and Mercedes. Europe has set a very ambitious goal of reducing 80% CO2 emissions by 2050 and has created a roadmap for the same. The governments of various countries in Europe are subsidizing electric vehicle infrastructure, and the focus is expected to continue to be on electric vehicles in the long run.

The electric vehicle fluids market has a high degree of competition. The key players in this market are Royal Dutch Shell plc (Netherlands), ExxonMobil Corporation (US), BP plc. (UK), TotalEnergies SE (France), FUCHS Petrolub AG (Germany), Petronas (Malaysia), ENEOS Corporation (Japan), Repsol S.A. (Spain), Valvoline Inc. (US), and PTT (Thailand), among others. The leading players are focusing on various strategic initiatives such as new product launches and expansions to retain their position in the market.

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[blogaarti]

Base Oil Market - Global Growth, Share, Trends, Demand and Analysis Report Forecast 2021 to 2025

Base oils are a complex mixture extracted from crude oils that have undergone refinery processing. Base oil types vary dramatically depending on the production process, percentage of saturated hydrocarbons, and viscosity index range. Base oil designations range from one to five and they can be further subdivided into aromatic, naphthenic, and paraffinic oil according to composition. Base oils are the primary raw material in lubrication manufacturing and serve as a foundation before they are blended with thickeners or additives in case of grease. Steady growth rates in the lubricants manufacturing industry are anticipated to benefit the base oil market during the forecast period. 

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Move Towards HVI Hydraulic Fluids Directly Linked to Need for Superior Lubricants

Lubricant quality requirements have risen in lockstep with tougher vehicle emission norms and the industry moving towards high oxidation stability turbine oils and high viscosity index hydraulic fluids. Greenhouse gas emission guidelines, modernisation of heavy equipment and energy conservation necessitate higher performance of base oils compounding to challenges faced by companies that must meet tightening mandates. New base oils enable equipment and engine manufacturers to meet the demand for cleaner and greener lubricants playing a major role in combating climate change. 

Decrease Machine Wear and Tear and Save Billions of Dollars by Investing in Lubricants

Lubricants are critically important in making machines and production lines function smoothly and with minimal bottlenecks. Lubricants minimize machine wear and tear and increase asset longevity thereby contributing to the company bottom line. It is estimated that the annual wear and tear and production loss in the US alone runs into hundreds of billions of dollars providing immense opportunities for companies actively involved in the base oil market. 

Huge Prospects for Companies that Prioritize Development of Group III Base Oils in Market

There has been a notable shift from the American Petroleum Institute Group I to Group II in the base oil market. Group I base oils are deployed in railroad and marine applications with the lower viscosity ideally suited for sprays, processors, and transformers. Massive growth is predicted in the Group II and Group III base oil segments as they are the preferred choice in the automotive industry. A new form of ultra-performance base oils derived from wax via natural gas through the Fischer- Tropsch process is expected soon in the base oil market. The level of lubrication performance that could initially only be achieved in polyalphaolefin (PAO) and other forms of specialty stocks is now commonplace in the base oil market. 

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Bio-Lubricant Based Base Oils Emerging as Popular Option in APAC Base Oil Market

Roughly 3/4th of base oil demand comes from APAC with China, India, and Indonesia being the largest consumers. With growth in China slowing, the emergent stars are India and Indonesia. An important area to focus on is electrical mobility as China and India aim to reduce rampant air pollution in their metropolitan areas allowing nanotube, mineral oil, and bio-lubricant based base oils to shine in the base oil market. 

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[jaydenh24]

Antifreeze/Coolant Market Analysis by Current Industry Status and Growth Opportunities, Top Key Players, Target Audience and Forecast to 2028

The antifreeze/coolant market size is expected to grow at a compound annual growth rate of 5.50% for the forecast period of 2021 to 2028.  Data Bridge Market Research report on antifreeze/coolant market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Antifreeze, also known as coolant, is a type of a bright yellow or green liquid. Antifreeze/coolant is generally formulated by using either propylene glycol or ethylene glycol. Antifreeze/coolant is usually utilized in automotive, aerospace and industrial heating/cooling systems.

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However, the introduction of coolants with long service life and rise in trend of engine downsizing are likely to act as key restraints towards antifreeze/coolant market growth rate in the forecast period of 2021 to 2028, whereas the volatile price of raw material and recycling of antifreeze/coolant can challenge the growth of the antifreeze/coolant market in the above mentioned forecast period.

Furthermore, the battery thermal management using liquid cooling systems in electric and hybrid vehicles and the high demand for antifreeze and engine coolant products from original equipment manufacturers are expected to offer a variety of growth opportunities for the antifreeze/coolant market in the above mentioned forecast period.

This antifreeze/coolant market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the antifreeze/coolant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Enquire About Report@ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-antifreeze-coolant-market

The antifreeze/coolant market is segmented on the basis of base fluid, type, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

On the basis of base fluid, the antifreeze/coolant market is segmented into glycerine, propylene glycol, ethylene glycol, methanol and others.

On the basis of type, the antifreeze/coolant market is segmented into green anti-freeze, OAT anti-freeze, HOAT anti-freeze and NOAT anti-freeze.

Based on technology, the antifreeze/coolant market is segmented into inorganic acid technology (IAT), organic acid technology (OAT) and hybrid organic acid technology (HOAT).

Global Antifreeze/Coolant Market, By  Base Fluid (Glycerine, Propylene Glycol, Ethylene Glycol, Methanol, Others), Type (Green Anti-Freeze, OAT Anti-Freeze, HOAT Anti-Freeze, NOAT Anti-Freeze), Technology (Inorganic Acid Technology (IAT), Organic Acid Technology (OAT), Hybrid Organic Acid Technology (HOAT)), Application (Automobile, Aerospace, Industrial, Construction, Electronics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

The antifreeze/coolant market is analyzed and market size, volume information is provided by country, base fluid, type, technology and application as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific leads the antifreeze/coolant market because of the rise in automotive and aerospace industries along with the rapid industrialization and urbanization. North America is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to rise in consumption of ethylene glycol and propylene glycol in de-icing materials in the aerospace sector.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Browse Complete Report@ https://www.databridgemarketresearch.com/reports/global-antifreeze-coolant-market

The antifreeze/coolant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to antifreeze/coolant market.

The major players covered in the antifreeze/coolant market report are Royal Dutch Shell, Exxon Mobil Corporation, Kost USA Inc., Motul, BP plc, Ashland, Castrol Limited, Lukoil, PETRONAS Lubricants International, BASF SE, Chevron Philips Chemical Corporation, Total, China Petroleum & Chemical Corporation, Prestone Products Corporation, SONAX, DOW, Evans Cooling Systems Inc., DuPont, Tate & Lyle, Havoline, and Huntsman Corporation LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Browse Chemical Related Report:

Automotive Coolant Market – Industry Trends and Forecast to 2027

[fortunebusiness]

Bio lubricants Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™

The global bio-lubricants market size is projected to reach USD 4,514.5 million by 2027, exhibiting a CAGR of 4.8% during the forecast period. Soaring demand for electric vehicles (EVs) worldwide will create unique opportunities for players in this market, observes Fortune Business Insights™ in its report, titled “Bio lubricants Market Size, Share & Covid-19 Impact Analysis, By Application (Hydraulic Fluids, Metalworking Fluids, Chainsaw Oils, Mold Release Agents, Two-Cycle Engine Oils, Gear Oils, Greases, and Others), By End-use Industry (Automotive and Other Transportation, Metalworking, Mining, Forestry, Marine, Engines, and Others), and Regional Forecast, 2020-2027”.

As per recent data and analysis released by the International Energy Agency (IEA), 2.1 million electric cars were sold across the globe in 2019, taking the global EV stock to 7.2 million. Electric car sales, the IEA highlights, accounted for 2.6% of the global car sales, and even amid the coronavirus pandemic, the IEA predicts that EVs will hold a 3% share in the overall car sales worldwide in 2020. Bio-lubricants are expected to play a critical role in augmenting the eco-friendly quotient of EVs. Bio-based compounds, such as polyalkylene glycols and saturated esters, have proven to be highly effective as lubricants, even more so than conventional mineral oil-based lubricants. The increasing intensity towards achieving sustainable mobility is, therefore, foreseen to drive the dynamics of this market over the next decade.

List of Top Companies Covered in the Bio-lubricants Market are:

Castrol (Pangbourne, UK)

Emery Oleochemicals  (Selangor, Malaysia)

Repsol (Madrid, Spain)

Klüber Lubrication (Munich, Germany)

Cortec Corporation (Minnesota, U.S.)

Axel Christiernsson (Gothenburg, Sweden)

Total (Paris, France)

Shell (The Hague, Netherlands)

PANOLIN AG (Madetswil, Switzerland)

IGOL (Geneva, Switzerland)

bp p.l.c. (London, UK)

Environmental Lubricants Manufacturing, Inc. (Iowa, U.S.)

BECHEM (Hagen, Germany)

Cargill (Minnesota, U.S.)

Exxon Mobil Corporation (Texas, U.S.)

FUCHS (Mannheim, Germany)

Restraining Factor

Stalled Automotive Production amid COVID-19 to Hamper Market Growth

The COVID-19 pandemic has led to a severe and unprecedented downturn in the automotive industry. Lockdowns, social distancing, and strict government regulations on the movement of people and materials have forced auto companies to shut down production and sales operations. For example, in March 2020, the French automotive giant, PSA Group, announced the closure of a dozen of its plants across Europe.

Similarly, Fiat Chrysler halted production at most of plants in Europe, with temporary shutdown of its facilities in Serbia, Italy, and Poland. The demand for vehicles has also had to deal with multiple shocks across regions as employees swiftly adopted work from home measures. For example, the Oxford Business Group found that light vehicle year-on-year sales in China contracted by a historic 79.1% in February, while in Europe the decline was by 44% in March. The pandemic is, thus, restraining the bio-lubricants market growth as these materials are extensively used in the automotive industry and contracting activities of this industry will inevitably affect markets associated with it.

In 2019, the report states that the global market value stood at USD 3,275.7 million. The report also shares the following:

Microscopic diagnosis of all the factors driving and restraining     the market;

Comprehensive analysis of the various market segments;

Granular examination of the regional prospects for the market; and

Unparalleled research of the competitive landscape of the market.

Regional Insights

North America to Retain Leading Position with Growing Activities in the Region’s Auto Industry

North America is slated to dominate the bio-lubricants market share during the forecast period due to the rising intensity of technological advancements in the region’s automotive industry. Top carmakers are constantly experimenting with different ecofriendly materials to increase the sustainability of their products and manufacturing operations. In 2019, the North America market size stood at USD 1,410.3 million.

Asia Pacific, which is rapidly emerging as the auto manufacturing hub of the world, is generating wide growth opportunities for market players. Governments in the region are creating favorable investment conditions to attract global automakers and are also framing policies to promote the adoption of sustainable materials for domestic vehicle manufacturers. Active encouragement to adopt bio-based lubricants and other materials through policy nudges is fueling the market for bio-lubricants in Europe.

Competitive Landscape

Strategic Investments in New Ventures to be a Prominent Feature of Market Competition

The competitive dynamics of this market are currently being shaped by the well-calculated investments by key players in initiating novel production ventures in distinct geographies. These ventures are aimed at capitalizing on the speedily evolving trend of utilizing bio-lubricants and other bio-based materials for industrial operations.

Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/bio-lubricants-market-104654

 Key Industry Development:

August 2020: Novvi LLC announced the successful commencement of its plant in Deer Park, Texas, where it will be producing and marketing all of its renewable base oils for the lubricant industry. The company aims to advance its sustainable lubricant offering range and engage with local vendors to reduce their carbon footprint.

 Detailed Table of Content:

 Research Scope

 Market Segmentation

 Research Methodology

 Definitions and Assumptions

 Market Drivers

 Market Restraints

 Market Opportunities

 Emerging Trends

 Key Emerging Trends – For Major Countries

 Industry SWOT Analysis

 Regulatory Analysis

 Recent Industry Developments - Policies, Partnerships, New      Application  Launches, and Mergers & Acquisitions

 Supply Chain Challenges

 Steps taken by Government/Companies to overcome this impact

 Potential opportunities due to COVID-19 outbreak

   Hydraulic Fluids

   Metalworking Fluids

   Chainsaw Oils

   Mold Release Agents

   Two-Cycle Engine Oils

   Gear Oils

   Greases

   Others

     Automotive and Other Transportation

   Metalworking

   Mining

   Forestry

   Marine

   Engines

   Others

     North America

   Europe

   Asia Pacific

   Latin America

   Middle East & Africa

  TOC Continued…!

 Have a Look at Related Research Insights:

Flexible Film Market Size, Share & COVID-19 Impact Analysis, By Raw Material (Polypropylene {BOPP and CPP}, Polyester / BOPET {Thin Film and Thick Film}, and Others), Application (Packaging, Industrial, and Others), and Regional Forecast, 2020-2027

Wood Coating Market Size, Share & Covid-19 Impact Analysis, By Resins (Polyurethane, Nitrocellulose, Acid-curing, Polyester, and Others), By Formulating Technology (Solvent-borne, Water-borne, UV-cured, and Others), By Application (Furniture, Cabinets, Siding, Flooring, and Others), and Regional Forecast, 2020-2027

  About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

 Contact Us:

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Email: sales@fortunebusinessinsights.com

 Read Press Release:

https://www.fortunebusinessinsights.com/press-release/global-bio-lubricants-market-10448

[sandlerresearch]

Lubricant Anti-wear Agents Market by Type (ZDDP, Phosphate, Phosphite, Phosphonate) by Application (Engine Oil, Automotive Gear Oil, Automotive Transmission Fluid, Hydraulic oil, Metalworking Fluid, Grease) and Region - Global forecast to 2025 published on

https://www.sandlerresearch.org/lubricant-anti-wear-agents-market-by-type-zddp-phosphate-phosphite-phosphonate-by-application-engine-oil-automotive-gear-oil-automotive-transmission-fluid-hydraulic-oil-metalworking-fluid-g.html

Lubricant Anti-wear Agents Market by Type (ZDDP, Phosphate, Phosphite, Phosphonate) by Application (Engine Oil, Automotive Gear Oil, Automotive Transmission Fluid, Hydraulic oil, Metalworking Fluid, Grease) and Region - Global forecast to 2025

“The lubricant anti-wear agents market is projected to grow at a CAGR of 2.4% from 2020 to 2025, in terms of value.”

The global lubricant anti-wear agents market size is projected to grow from USD 698 million in 2020 to USD 784 million by 2025, at a CAGR of 2.4% from 2020 to 2025.The growing demand for high-passenger and commercial vehicles in the automotive industry is driving the lubricant anti-wear agents industry growth as well as the rising GDP in the Asia Pacific. The increasing inclination toward electric vehicles and environmental concers is restraining the growth of the market.

The zinc dialkldithiophosphate (ZDDP)lubricant anti-wear agents segment, by type, is projected to have the largest market share

Zinc dialkldithiophosphate (ZDDP) is a family of uncharged compounds composed of phosphorus, zinc, and sulfur traces, primarily used as anti-wear additives in lubricants such as gear oil, grease, and motor oil. Zinc dialkldithiophosphate has high thermal and hydrolytic stability and forms protective chemical films on metal surfaces which prevents corrosive damage to valve train and bearings. ZDDPs are multifunctional because they provide wear, oxidation, and corrosion protection. Their antioxidant properties prevent soot deposits and formation of sludge on engine components. This additive provides oxidation, copper-lead bearing corrosion, and wear control majorly in diesel and gasoline engines. It is particularly effective under severe temperature and load. Thus, zinc dialkldithiophosphate enhances the properties of lubricants and is used in various applications such as engine oil, hydraulic oil, and compressor oil..

The engine oil application segment is projected to lead the global lubricant anti-wear agents market during the forecast period

Based on the application, the engine oil application segment led the lubricant anti-wear agents market in 2019. The growth of this segment can be attributed to the growth of the automotive sector mainly related to passenger cars and commercial vehicles in the developing regions of the world, and the increasing population in APAC is driving the growth of the automotive oil application segment.

Asia Pacific is projected to lead the global lubricant anti-wear agents market during the forecast period

The Asia Pacific region is expected to lead the lubricant anti-wear agents industry from 2020 to 2025 in terms of both value and volume. The demand for lubricant anti-wear agents is increasing in Asia Pacific owing to the growing automotive industry in the region. Also, the increasing GDP in the area is expected to fuel the demand for automobiles; thus, driving the lubricant anti-wear agents market growth. The market in this region is also projected to continue its market dominance in terms of both value and volume, from 2020 to 2025, owing to the and rising industrial activities in the developing countries of the Asia Pacific region.

 Profile break-up of primary participants for the report:

By Company Type: Tier 1 – 60%, Tier 2 – 20%, and Tier 3 – 20%

By Designation: C-level Executives – 33%, Directors – 33%, and Managers – 34%

By Region: North America – 20%, Europe – 25%, Asia Pacific – 25%, the Middle East & Africa- 20%, and South America – 10%

Furthermore, as a part of the qualitative analysis of the lubricant anti-wear agents market, the research provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe. It also discusses competitive strategies adopted by the leading market players such as Afton Chemical (US), BASF SE (Germany), Chevron Oronite (US), Solvay (Belgium), LANXESS (Germany) are some of the leading players operating in the lubricant anti-wear agents market.

Research Coverage:

The report defines segments and projects the size of the lubricant anti-wear agents market based on the type, sales channel, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments such as expansions, acquisitions, new product launches, and investments undertaken by them in the market.

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the lubricant anti-wear agents market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

[industrystudyreport]

Lubricating Oil Additive Market Segmentation By Top Trends, Manufacturers, and Region, 2022

Global Lubricating Oil Additive Market is anticipated to witness exponential growth in the forecast period. Lubricating oil additives are chemical composites added to lubricating oil to bring new properties or improve the existing properties of the base oil. The factors that propel the growth of the market include increasing demand from the automotive industry and industrial growth in developing economies.

On the other hand, there are factors that may hamper the growth of the market including shifting raw material prices and increasing sales of electric vehicles. Globally, market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The market may be explored by functional type, application, sector, and geography. Market may be explored by functional type as Anti-oxidants, Dispersants, Viscosity Index Improvers, Detergents, Extreme Pressure Additives and Anti-Wear Agents. The “Oxidation Inhibitors” segment led the lubricating oil additive market in 2017 and will continue to lead in the forecast period.

Based on sector, the market could span Industrial and Automotive. The “Automotive” segment led the market in 2017 and will continue to lead in the forecast period. The key factors that could attributed to the growth of market include huge demand for engine oil from commercial vehicles and passenger cars. The growth is also driven by the attention of manufacturers on research & development activities to formulate effective additives to decrease the emission and surge the performance of automotive lubricants.

Get Free Sample Copy Of The Report @ https://www.millioninsights.com/industry-reports/lubricating-oil-additive-market/request-sample

The key applications that could be explored in the lubricating oil additive market include Metalworking Fluid, Hydraulics Fluid, Engine Oil, Process Oil, Gear Oil and Industrial Oil. The “Engine Oil” segment led the market in 2017 and will continue to lead in the forecast period. The key factors that could attributed to the growth of the market include increasing motorization rate worldwide and the robust focus of additive manufacturers on research & development activities.

APAC accounted for the major share of the lubricating oil additive market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rising demand for lubricants, particularly from India, China, and other southeast Asian nations, and the huge investments in the industrial and automotive sectors in this region.

Some of the key players that fuel the growth of the lubricating oil additive market comprise Wuxi South Petroleum Additives, Clariant, Evonik Industries, Lubrizol Corporation, Total, Infineum, Chevron Ornate, Euro club, International Petroleum & Additives Company Inc., Lanxess, Dorf Ketal, BRB International, Croda, Afton Chemical, Tianhe Chemicals and BASF. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Browse Related Category Report @ https://industriesstudyreport.blogspot.com/

[marketfuturereports]

Lubricating Oil Additive Market Size (Volume and Value), Potential Growth, Demand and End-User Analysis till 2022

20th December 2018 - Global Lubricating Oil Additive Market is anticipated to witness exponential growth in the forecast period. Lubricating oil additives are chemical composites added to lubricating oil to bring new properties or improve the existing properties of the base oil. The factors that propel the growth of the market include increasing demand from the automotive industry and industrial growth in developing economies.

On the other hand, there are factors that may hamper the growth of the market including shifting raw material prices and increasing sales of electric vehicles. Globally, market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Request a Sample Copy of Lubricating Oil Additive Market Report @ https://www.millioninsights.com/industry-reports/lubricating-oil-additive-market/request-sample

The market may be explored by functional type, application, sector, and geography. Market may be explored by functional type as Anti-oxidants, Dispersants, Viscosity Index Improvers, Detergents, Extreme Pressure Additives and Anti-Wear Agents. The “Oxidation Inhibitors” segment led the lubricating oil additive market in 2017 and will continue to lead in the forecast period.

Based on sector, the market could span Industrial and Automotive. The “Automotive” segment led the market in 2017 and will continue to lead in the forecast period. The key factors that could attributed to the growth of market include huge demand for engine oil from commercial vehicles and passenger cars. The growth is also driven by the attention of manufacturers on research & development activities to formulate effective additives to decrease the emission and surge the performance of automotive lubricants.

The key applications that could be explored in the lubricating oil additive market include Metalworking Fluid, Hydraulics Fluid, Engine Oil, Process Oil, Gear Oil and Industrial Oil. The “Engine Oil” segment led the market in 2017 and will continue to lead in the forecast period. The key factors that could attributed to the growth of the market include increasing motorization rate worldwide and the robust focus of additive manufacturers on research & development activities.

The reports help answer the following questions:

• What is the current size of the lubricating oil additive market in the world and in the top 10 global countries?

• How is the lubricating oil additive market divided into different product segments?

• How are the overall market and different product segments growing?

• How is the market predicted to develop in the future?

• What is the market potential compared to other countries?

Access Lubricating Oil Additive Market Report with TOC @ https://www.millioninsights.com/industry-reports/lubricating-oil-additive-market

The latest industry data included in the reports:

• Overall lubricating oil additive market size, 2011-2022

• Lubricating oil additive market size by product segment, 2011-2022

• Growth rates of the overall lubricating oil additive market and different product segments, 2011-2022

• Shares of different product segments of the overall lubricating oil additive market, 2011, 2017 and 2022

APAC accounted for the major share of the lubricating oil additive market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rising demand for lubricants, particularly from India, China, and other southeast Asian nations, and the huge investments in the industrial and automotive sectors in this region.

[sramfact]

The global industrial lubricants market size is projected to reach USD 73.3 billion by 2024 from USD 62.8 billion in 2019, at a CAGR of 3.1%, during the forecast period. The growing demand for industrial lubricants in countries such as China, India, Japan, and South Korea from the construction, metal & mining, power generation, cement production, and automotive industries is expected to fuel the growth of the industrial lubricants market in the region. The market is evolving, with major players playing a crucial role in the development of new and advanced products.

Royal Dutch Shell (Netherlands), ExxonMobil Corporation (US), BP p.l.c. (UK), and Total S.A. (France) are the major players in the industrial lubricants market. Royal Dutch Shell (Netherlands) is focused on expansions, new product launches, and agreements to meet the growing demand in the market. In May 2019, the company opened its first lubricant laboratory in India. The laboratory will serve as services provider for the growing demand for innovative lubricant products both in automotive and industrial segments. It launched E-fluids for electric vehicle (EV) in the same year. The products include E-Transmission Fluids, E-Thermal Fluids, and E-Greases, which will help improve EVs and other battery-operated vehicle performance. In May 2018, Shell Lubricants and Aggreko renewed supply contracts which helped Shell become the largest lubricant supplier to Aggreko in Russia, APAC, and the Americas. The expansion helped the company to meet the growing demand for industrial lubricants.

[yourmarketresearchreport-blog]

Industrial Lubricants Market Expected to Inflate at a CAGR of 2.4% % CAGR from 2017 to 2023.

Industrial Lubricants Global Market Top Key Players:-

The major players of global industrial lubricants market are Total S.A. (France), ExxonMobil Corporation (U.S.), LUKOIL (Russia), Royal Dutch Shell Plc. (The Netherlands), Valvoline International, Chevron Corporation (U.S.), BP p.l.c. (U.K.), Petrochina Company Limited (China), Fuchs Petrolub AG (Germany), Sinopec Limited (China), Lucas Oil, and Idemitsu Kosan Co. Ltd (Japan) and others.

Industrial Lubricants Market Highlights:-

Industrial lubricants are used to reduce friction. Their primary function is to displace solid surfaces with a fluid film. They are used to modify surface properties, regulate temperature, or remove debris. High demand from the automotive sector is the key factor driving the growth of the industrial lubricants market. To ensure smooth working of machines in industries, the demand for grease increasing in industries is also fuelling the growth of the global Industrial Lubricants Market. On the other hand, increasing popularity of hybrid electric vehicles may hamper the growth of the global industrial lubricants market. Global industrial lubricants market was valued at USD 56.87 billion in 2016, and is expected to grow at CAGR of 2.4% by 2022.

Industrial News:

December, 2017 - Maximus international is set to aquire pacific lubricants

November, 2017 - Fuchs Petrolub SE, acquired Ultrachem, Inc., producer of specialty synthetic lubricants used in compressor and industrial maintenance.

Global Industrial Lubricants Market Regional Analysis:-

Asia-Pacific region dominates the global industrial lubricants market. Rapid growth in automotive and manufacturing sector in this region is a significant factor that spurs the demand of the market in APAC region. In Asia-Pacific region, global industrial lubricants market is expected to grow at the fastest pace during the forecast period. Saturated regions such as Europe is expected to grow at a moderate pace, owing to increasing output from end-use industries.

Intended Audience:-

Lubricants Manufacturing Industries

Distributer & Supplier companies

consultants and Investment bankers

Government as well as Independent Regulatory Authorities

Get sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2695

[todaysmarket]

Electric Vehicle Fluids Market worth USD 8,644 Million by 2030 at a CAGR of 31.2%

According to a research report "Electric Vehicle Fluids Market by Product Type (Engine oil, Coolants, Transmission Fluids, and Greases), Vehicle Type (On-highway Vehicle, Off-highway vehicle), Propulsion Type (Hybrid EV, Battery EV), Fill Type, and Region - Global Forecast to 2030" published by MarketsandMarkets, the Electric Vehicle Fluids market is projected to reach USD 8,644 million by 2030, at a CAGR of 31.2% from USD 749 million in 2021. Increasing demand for electric vehicles is the major driver of the Electric Vehicle Fluids market. A specific fluid requirement in EVs is also one of the other driving factors for electric vehicle fluids as an ICE’s motor differs greatly from EV motors and thus, needs fluids, which cater to totally different functions than that in the n the ICEs. With the growing concern over tailpipe emissions and their harmful effects on the environment, stringent standards for carbon dioxide and pollutants such as nitrogen oxide, unburned hydrocarbons, and particulates have been put in place, resulting in hybrid and full EVs no longer being seen as uncommon, but the standard for the future.

Get PDF brochure of the report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=167455899

Browse 304 market data Tables and 58 Figures spread through 276 Pages and in-depth TOC on "Electric Vehicle Fluids Market”

Electric vehicle fluids are substances or materials, which are used for lubricating and improving the thermal performance of electric vehicles. They are manufactured using base oils and additives with respect to different applications. They perform different functions in electric vehicles, such as regulating the battery and other electronic components, temperature, and noise and vibration reduction. The most commonly used electric vehicle fluids include engine oil, coolants, transmission fluids, greases, and brake fluids, among others.

The hybrid EV segment accounted for the larger market share in 2020; however, the Battery EV segment is expected to account for the larger share by 2030. Europe is the largest electric vehicle fluids market, followed by APAC and North America. Stringent mandates by governments are a major opportunity for electric vehicle fluids manufacturers. Emission of carbon from ICE vehicles is now treated as a significant threat by governments in many countries. Thus, the gradual tightening of fuel economy and tailpipe CO2 standards have augmented the role of EVs to meet the standards. Government initiatives pertaining to EVs, such as investment in infrastructure, tax rebates, and others, also act as a major opportunity for the growth of the electric vehicles and the electric vehicle fluids market.

“The hybrid EV segment accounted for the larger market share in 2020 during the forecast period”

Battery EVs do not require a gasoline engine, which requires fuel and routine maintenance. Though battery EVs require less EV fluids than the hybrid ones, the large-scale production of battery EVs in comparison to Hybrid EVs is expected to lead to the demand for EV fluids during the forecast period. The prices of batteries for EVs are decreasing due to the advancements in technology, which are expected to result in the reduced overall prices of BEVs.

https://www.prnewswire.com/news-releases/electric-vehicle-fluids-market-worth-8-644-million-by-2030--exclusive-report-by-marketsandmarkets-301406510.html

“Europe accounted for the largest market share in Electric Vehicles Fluid market in 2020, in terms of value.”

Europe led the electric vehicle fluids market with a share of 44.7%, in terms of value, in 2020 due to high prices and the high number of hybrid vehicles produced and sold in Europe, which requires more electric vehicle fluids than battery vehicle fluids. The high price of engine oil in comparison to other fluids, which are used in hybrid electric vehicles, is one of the major reasons for the largest market share of Europe in 2020. APAC is expected to be the fastest-growing market by 2030, mainly due to the expected high demand for electric vehicles in the region and the higher number of electric vehicles available for service fill during the forecast period. The High demand for electric vehicles in Europe due to government regulations and investments, subsidies, tax rebates, and others are supporting the growth of electric vehicle fluids in the region.

The major electric vehicle fluids market in Europe includes Germany, France, UK, Italy, Russia, Netherlands, Norway, and Sweden among others. Europe has stringent emission regulation standards. The governments of the European countries are providing significant incentives to promote electric vehicles. As a result, the demand for electric vehicles has increased significantly in the region. The region is home to manufacturers such as Renault, Audi, BMW, and Mercedes. Europe has set a very ambitious goal of reducing 80% CO2 emissions by 2050 and has created a roadmap for the same. The governments of various countries in Europe are subsidizing electric vehicle infrastructure, and the focus is expected to continue to be on electric vehicles in the long run.

The electric vehicle fluids market has a high degree of competition. The key players in this market are Royal Dutch Shell plc (Netherlands), ExxonMobil Corporation (US), BP plc. (UK), TotalEnergies SE (France), FUCHS Petrolub AG (Germany), Petronas (Malaysia), ENEOS Corporation (Japan), Repsol S.A. (Spain), Valvoline Inc. (US), and PTT (Thailand), among others. The leading players are focusing on various strategic initiatives such as new product launches and expansions to retain their position in the market.

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