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chitrakullkarni · 3 years ago

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Automotive Engine Oil Market SWOT Analysis By Political, Economic, Social And Technological Factors, 2025

The global Automotive Engine Oil Market scope was appreciated at US$ 35.67 billion during 2017. It is expected to increase by the projected CAGR of 3.7% from 2019 to 2025 and is expected to stretch US$ 48.1 billion by the completion of 2025.

The purpose of engine oil in vehicles is to decrease metal-to-metal touching base to minimalize general rubbing and decrease impairment. Friction is one of the most important causes of engine high temperature in automobiles. This creates extra wear and distorts moving portions of the engine. The oil in the automobile engine generates a thin layer of lubrication on entire metallic portions which offers the smooth movement of the parts above each other, consequently decreasing rubbing.

Furthermore, the automotive engine oil takes away minor particles of dirt and additional contaminations existing in the fuel of automobiles. Additionally, it covers the gap between the cylinder walls and the pistons. Hence the combustion of the fuel takes place, efficiently. It likewise covers entire moving parts of the automotive engine to deliver a protective coating counter to corrosion.

Companies:

The manufacturing companies of automotive engine oil emphasize the development of new-fangled additives, for example, Nanometric Tungsten Di Sulphide powder. This is utilized, together with metal deactivators, detergents, and dispersants, to offer a protecting coating and decrease friction.

The risk of new-fangled competitors is comparatively small because it needs enormous principal investment and wide-ranging exploration on evolving the product. Additionally, sources of main raw material are acquired by nationwide companies. Here providers have the maximum power of negotiating.

Some of the important companies for the automotive engine oil market are Motul, ENI GmbH, Petroleum Nasional Berhad (PETRONAS), Valvoline, ExxonMobil Corporation, Sinopec Petroleum & Chemical Corp, Fuchs Petrolub SE, Castrol, and Royal Dutch Shell PLC.

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Drivers:

The growing manufacture of automobiles and the call for artificial and conventional products are the important features motivating this business. The sales of the automotive vehicles have displayed a continuous growth during the previous limited years, mostly in the Europe and Asia Pacific areas, because of the customer’s increasing capability of expenditure and rising population.

Growth in demand for goods transporters from medium, small and micro-size enterprises, growing movement owing to the expansion of Satellite Township close to megacities, the increasing ambition of possessing private means of transportation, increasing middle class, growing per head earnings and emerging set up of surface transport are powering the automotive engine oil industry in Asia Pacific area. The increasing aftermarket of automobiles and the growing culture of Do It Yourself (DIY) in Europe and North America is also stimulating the development of automotive engine oil in the retail sector of these two provinces.

Classification:

The global automotive engine oil market can be classified by Vehicle, Engine, Grade, and Region. By type of vehicle, it can be classified as Motorcycles, Light Commercial Vehicles, Heavy-Duty Vehicles, and Passenger Cars. By type of Engine, it can be classified as Alternative Fuel, Gasoline, and Diesel. By Grade, it can be classified as Fully-synthetic, Semi-synthetic, Mineral. By Region, it can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regional Lookout:

By Region, the global automotive engine oil market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is the leading provincial market due to growing demand for the product from emerging markets, for example, Vietnam, India, and Thailand. Better-quality performance and products owing to strict guidelines by the American Petroleum Institute (API) and Society of Automotive Engineers (SAE) have likewise added to the development of the region. Contrariwise, in numerous European nations, E-Mobility has risen. This is the interference of battery-driven Electric Vehicles.

Furthermore, a synthetic alternative that proposes an extended round of fuel transformation, is extremely used up in the province. This is causing a reasonable reduction in the demand. This, sequentially, will disturb the general market in the province. Brazil is the principal car exporter to Columbia and Argentina in the region of Latin America. Over half of the German patented cars of the Columbian market are factory-made in Brazil. Dissimilar to the U.S.A, vehicles running on diesel engines and substitute fuel are very infrequent in Latin America. However, the automobile segment is steered by ethanol and gasoline-fueled automobiles.

The Middle Eastern market for engine oil has got the most solid smash owing to a drop in the prices of petroleum products. On the other hand, growing funds from global companies might improve the local market. The African market is steered by additional vehicles imported from advanced nations. The general involvement of Africa in the global sector of automobile manufacturing is minuscule.

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sandlerresearch · 4 years ago

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Asia Pacific Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (<100kVA, 100-350kVA, 350-1000-2500kVA, 2500-5000kVA, >5000kVA), Application (Standby, Continuous, Peak Shaving), End-User, Country - Forecast to 2025 published on

https://www.sandlerresearch.org/asia-pacific-generator-sales-market-by-fuel-type-diesel-gas-power-rating-5000kva-application-standby-continuous-peak-shaving-end-user-country-forecast-to-2025.html

Asia Pacific Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (5000kVA), Application (Standby, Continuous, Peak Shaving), End-User, Country - Forecast to 2025

“The Asia Pacific generator sales market is projected to grow at a CAGR of 5.1% from 2020 to 2025.”

The Asia Pacific generator sales market size is projected to reach USD 8.8 billion by 2025 from an estimated USD 6.8 billion in 2020, at a CAGR of 5.1% during the forecast period.Increasing requirement of hybrid generators, bi-fuel, and inverter generators is creating demand opportunities for the generator sales industry in the Asia Pacific region.

Also, increasing demand for uninterrupted & reliable power supply in several industries is driving the generator sales market in the Asia Pacific region. However,the growing adoption of energy storage technologies and renewable energy sources hinder the growth of generators in the Asia Pacific region.

“The industrial segment, by the end user, is expected to be the largest and the fastest-growing market from 2020 to 2025.”

Industrial account for the largest share in the Asia Pacific generator sales market in 2019. The adoption of power backup solutions during the peak demand period to reduce the demand-supply gap in remote areas drive the growth of the market in the industrial sector.

The industrial end-user segment includes utilities/power generation, oil & gas, and other industries. Other industries include mining, marine, chemical, military, and manufacturing industries. Industrial generators are developed to ensure that there is a continuous supply of power in the event of power failure from the grid system. Thus, such generators guarantee an efficient performance of the equipment during the non- availability of electric supply. Moreover, diesel generators are used widely in mining operations all over the world. They provide over 70% of all the power needed in mining operations by heavy-duty equipment, such as excavating machinery, drillers, conveyor belts, and cranes.

Developing countries, such as China, India, and Thailand, are witnessing rapid industrialization and have introduced favorable policies to support industrial growth, including adequate power supply. Such developments are expected to offer lucrative opportunities for the generator sales market in the Asia Pacific region in the near future.

“The gas segment, by fuel, is expected to be the fastest-growing market from 2020 to 2025.”

Natural gas fuel is growing owing to the expansion of the gas distribution network in emerging economies. Also, natural gas is used widely as an efficient source to power both emergency and portable generators and regarded as one of the most affordable and effective fuels among non-renewable resources for power generation. Also, natural gas generators are cheaper and more environment-friendly compared to diesel generators. In comparison to oil and coal, the emissions of sulfur, nitrogen, and carbon dioxide (a greenhouse gas) are considerably lower in the case of gas gensets. Such features of gas gensets,along with the development of gas distribution networks, are expected to motivate the end-users to install gas generators, which would drive the growth of the gas generator sales market in Asia Pacific.

“Cambodia: The fastest-growing country in the Asia Pacific generator sales industry.”

The country is developing into the fastest-growing end-market for energy, power, and technologies. Also, rapid economic growth and tariff reduction policy are driving the growth of the generator sales market in Cambodia.According to the International Trade Center,Cambodia has reduced 50% of the tariff lines in 2015 and has eliminated 90% tariff lines in 2017. This has promoted free trade movement within the country. With a favorable tariff reduction policy, the country is also focusing on installing power plants for the reliable supply of electricity. However, Cambodia, on an average, records 22% of T&D losses each year due to lack of transmission network, an unreliable supply from a local grid. Thus, the utility companies use generators in remote areas during the peak demand period to reduce the demand-supply gap. Therefore, all these factors drive the demand for generator sales in the Asia Pacific region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:

By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15%

By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%

By Country: India – 40%, Thailand – 30%, China – 10%,and Rest of Asia Pacific – 20%

*Others include sales managers, engineers, and regional managers.

Rest of Asia Pacific includes Australia, Japan, Indonesia, South Korea, Laos, Cambodia, Myanmar, Vietnam, Pakistan, and Bangladesh

Note: Tier 1 Company—Revenue > USD 5 billion, Tier 2 Company—Revenue between USD 1 and USD 5 billion, and Tier 3 Company—Revenue < USD 1 billion

The Asia Pacific generator sales market is dominated by a few major players that have an extensive country presence such as Caterpillar (US), Cummins (US), Generac (US), Wärtsilä (Finland), Mitsubishi Heavy Industries (Japan), Rolls-Royce Holdings (UK), Yanmar (Japan), Siemens (Germany), Weichai Group (China), and Sterling & Wilson (India).

Research Coverage:

The report defines, describes, and forecasts the Asia Pacific generator sales market, by end-user, power rating, application, fuel,and country. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value and volume, and future trends in the Asia Pacific generator sales market.

Why Buy this Report?

The report identifies and addresses the key markets for the generator sales operations and services, which would help equipment manufacturers and service providers review the growth in demand.

The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

#Chemicals

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shristipbi · 5 years ago

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Global Automotive Engine Oil Market Size, Share, Growth, and Forecast to 2025

“The Global Automotive Engine Oil Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over next seven years 2019-2025 due to increasing adoption of automotive vehicles across the globe”

The global automotive engine oil market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors propelling the market growth include rising demand for synthetic and conventional products, increasing demand for heavy duty vehicles, rising vehicle sales and production in emerging economies and government legislations for automotive engine oil. However, fluctuating prices of raw materials is the major factor restricting the market growth. In addition, increasing consumer awareness for high-performance variants and fuel-efficiency are likely to provide huge growth opportunity for the market.

Global automotive engine oil market segmented on the basis of technology, additives, distribution channels, base oil type, vehicle type and region.

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Dispersants Dominate the Global Automotive Engine Oil Market

Based on additives, global automotive engine oil market segmented into arc dispersants, friction modifiers, anti- wear agents, pour point depressants, foam inhibitors and anti-oxidants. Dispersants accounted for significant market share over the predicted period. Dispersants are mainly found in engine oil with detergents to help keep engines clean and free of deposits. The main function of dispersants is to keep particles of diesel engine soot finely dispersed or suspended in the oil. The objective is to keep the contaminant suspended and not allow it to agglomerate in the oil so that it will minimize damage and can be carried out of the engine during an oil change. Dispersants are generally organic and ashless. As such, they are not easily detectable with conventional oil analysis.

Asia Pacific Leads the Global Automotive Engine Oil market

PBI’s global automotive engine oil market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global automotive engine oil market with considerable CAGR. The growth in this region is due to the increasing demand for product from emerging countries like India. Also, rising disposable income, growing middle class are some other factors contributing for the market growth. Further, as these countries fall in the tropical region / the hot climatic conditions. Thus the engine oil coolant in these markets is very high. Therefore, the region is likely to continue its dominance in the coming years.

Strategic New Product Launches are the key strategies adopted by market players

Global automotive engine oil market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, Total S.A launches Hi-Perf lubricant. Total Hi-Perf is claimed to protect motorcycle engines against sudden application of brakes, frequent gear changes, heavy usage of the clutch, often experienced by two-wheeler riders

Key player’s profiles in the report are BP plc. (U.K), Chevron Corporation (U.S), Exxon Mobil Corporation (U.S), FUCHS Lubricants (U.S), JIANGSU LOPAL TECH. Co. Ltd. (China), LUKOIL oil company (Russia), PetroChina Company (China), Royal Dutch Shell plc. (Netherlands), Sinopec Lubricant Company (Beijing) and Total S.A (France).

Precision Business Insights (PBI) in its report titled “Global Automotive Engine Oil Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

Detailed Segmentation

By Technology

o Premium Conventional Engine Oil

o Full Synthetic Engine Oil

o Synthetic Blend Engine Oil

o Higher Mileage Engine Oil

By Additives

o Dispersants

o Friction Modifiers

o Anti- Wear Agents

o Pour Point Depressants

o Foam Inhibitors

o Anti-Oxidants

By Distribution Channels

o Aftermarket

o Original Equipment Manufacturer (OEM)

By Base Oil Type

o Mineral

o Synthetic

By Vehicle Type

o Heavy Duty Vehicles

o Light Commercial Vehicles

o Motorcycles

o Off-Highway Vehicle

o On-Highway Vehicle

o Passenger Cars

By Geography

o North America

· U.S

· Canada

o Europe

· Germany

· France

· U.K

· Italy

· Spain

· Russia

· Poland

· Rest of Europe

o Asia-Pacific

· Japan

· China

· India

· Australia & New Zealand

· ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)

· South Korea

· Rest of Asia-Pacific

o Latin America

· Brazil

· Mexico

· Argentina

· Venezuela

· Rest of Latin America

o Middle East and Africa (MEA)

· Gulf Cooperation Council (GCC) Countries

· Israel

· South Africa

· Rest of MEA

For more information: https://precisionbusinessinsights.com/market-reports/global-automotive-engine-oil-market/

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letsmarketresearchstore · 5 years ago

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Emission Control Catalyst Market Size 2019 Global Industry Outlook, Demand, Key Manufacturers and 2023 Forecast

Emission Control Catalyst Market Report is a professional and in-depth research report on the world's major regional market conditions of the Emission Control Catalyst Market, focusing on the main regions and the main countries (North America, Europe, South America, Middle East & Africa)

Industry Overview:

The global emission control catalyst market is anticipated to expand at a remarkable CAGR from 2016 to 2023 (forecast period), according to a new report by Market Research Future (MRFR). Emission control catalysts (ECC) or catalytic converters are devices which can convert toxic gases to less potent gases and reduces emissions. In light of stringent regulations pertaining to carbon emissions, prominent automotive manufacturers are integrating catalytic converters in their finished products. Increasing awareness towards minimizing carbon footprints is expected to drive market growth over the forecast period.

Top Key Players:

Some of the key industry participants operating in the global emission control catalyst market are BASF SE (Germany), Johnson Matthey (U.K.), Solvay (Belgium), Umicore SA (Belgium), Corning Incorporated (U.S.), Clariant (Switzerland), aerinox-inc (U.S.), CORMETECH, INC. (U.S.), Cataler Corporation (Japan), DCL International Inc (U.S.), and others

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Industry News:

Rise in fuel prices and skyrocketing emission rates have led to the development of ECCs which can minimize levels of hydrocarbons and nitrogen oxides. For instance, Clariant offers its own range of catalytic converters to purify gas and air. Its utilization in industrial applications can eliminate harmful pollutants such as nitrogen oxide (N2O).

In light of strict emission norms in India, Ducati, an Italian motorcycle manufacturer, has integrated a catalytic converter in its high-performance motorcycles. Furthermore, Indian Oil Company has developed a technology to convert natural gases into high-octane gasoline.

Regional Analysis:

Region-wise, the emission control catalyst market covers Latin America (LATAM), North America, Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

The APAC market is anticipated to expand from 2017 to 2023 due to booming general and automotive sectors. Rising demand from automobile manufacturers and adherence to stringent regulations are factors anticipated to bolster regional demand. Countries such as Vietnam, Japan, China, India, and South Korea are anticipated to contribute to market revenue in the coming years due to being home to various automotive manufacturing companies. Rise in expendable incomes of consumers is predicted to influence market revenues.

North America can register a modest growth rate till 2023 owing to pollution concerns and ban of volatile organic compounds (VOC). The U.S. and Canada continue to contribute to regional revenue by providing catalytic converters to metals, chemicals, cement, and power sectors.

The Europe ECC market is anticipated to dominate over the forecast period owing to strict policies regarding emissions and constant expansion of the automotive industry. Germany, in particular, may play a strong role in influencing market value.

The MEA market is projected to grow steadily due to presence of various mining and oil drilling companies in the region.

Segmentation Analysis:

Emission Control Catalyst Market is segmented by product, application, and region. By product, the market is segmented into rhodium, palladium, platinum, and others. The platinum ECC segment is anticipated to experience rapid growth owing to its being an oxidation-reduction catalyst. Production of diesel-fueled cars in Europe can spur segment demand in the coming years.

The palladium segment is expected a healthy growth rate during the forecast period due to increasing consumption by diesel and petrol-based engines.

Industrial, transportation, and others comprise as major market applications. The transportation segment is estimated to contribute to the market on account of light duty and heavy duty vehicle sectors. Automotive accounted for nearly 70% market demand in 2015. Continuous sales of cars and demand for catalytic converters is expected to drive segment growth during the forecast period. Uptick of electric vehicle sales can threaten its growth. The industrial application segment can also generate demand due to rapid industrialization in Asia Pacific and Latin America.

Intended Audience:

Emission Control Catalyst manufacturers

Traders and Distributors of emission control catalyst

Production Process Industries

Potential Investors

Raw Material Suppliers

Nationalized Laboratory

#Emission Control Catalyst Market

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mountainghost-blog · 6 years ago

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Heavy Trucks Market Likely to Emerge over a Period of 2020

Trucks market can be classified as light, medium and heavy based on their dimensions and load capacity. Heavy trucks market is solely dependent on the industrial progress in a country as it is used in carrying the raw materials for the industries as well as the finished goods from manufacturing location to its intended market. The logistics industry includes transportation modes in land, air and waterways. Land transport is further segmented into rail transport and road transport. The finished goods, especially the consumer goods are mostly transported by heavy trucks.

Heavy trucks are basically of two types namely heavy combination and multi combination. Heavy Trucks have three or more axles and have the same GVM 8,000-9,000 kilograms. Heavy combination and Multi combination trucks have Gross Vehicle Mass (GVM) of over 9,000 kilograms. A mover plus semi-trailer combination is an example of heavy trucks, whereas road trains are the types of multi combination commercial trucks.

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Heavy trucks market suffered downturns during economic recession in the U.S. and Europe wherein their industrial processes, especially automobile manufacturing suffered severe setbacks. However, the U.S. has emerged out of its recessionary period and making swift advancements in its industries. Europe, on the other hand is recovering from Euro-zone crisis and its heavy trucks market is expected to recover in 2015. Heavy trucks with diesel engines account for the largest market among their types based on fuel consumption.

The increase in raw material prices is one of the biggest hurdles for truck industry wherein the soaring iron and steel prices are compelling the truck manufacturers to increase prices of their final product. The economically volatile environment and unstable crude oil prices are restraining fleet owners (the consumers for truck industry) to purchase new trucks. Poor road infrastructure in the developing countries has been a prevailing challenge for the trucks manufacturing market which is making the trucking activities strenuous and prone to frequent breakdowns. The global heavy truck manufacturers have been increasing the number of their service stations in order to build customer relationships which are to a great degree dependent on servicing facilities provided by the companies.

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Germany is known to be the logistics hub of Europe due to its high level of industrial and commercial activities. Commerce and trade are developing at a fast pace in Brazil and the Middle East countries. The increasing number of vendors for the components of truck is providing ample growth opportunities for the truck manufacturing market. The fast pace of industrial development in China is boosting the production and sales of heavy trucks market in the country. Indian heavy truck market is also growing at a fast pace due to increasing demand for consumer goods on account of rising population. The next eleven countries (Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey and Vietnam) are expected to lay strongest growth opportunity for the heavy trucks market due to their increasing rate of industrialization.

Among the regions, Asia Pacific accounted for the largest share in the global heavy trucks market, followed by Europe. Some of the major players in truck manufacturing market include Doengfeng, Daimler Trucks, FAW, China National Heavy Duty Truck Corporation (CNHTC), TATA Motors, Volvo Global Trucks, Torch, Beijing Automotive Industry Corporation (BAIC) and MAN. Daimler, Navistar and Paccar were the leading players in heavy trucks market in North America, whereas Daimler, Volvo and MAN dominated the sales in Western Europe. The heavy trucks market in Asia Pacific was led by Doengfeng, FAW, CNHTC and TATA motors. China became the world’s largest consumer of heavy trucks in 2010, leaving behind Germany at second place.

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#Heavy Trucks Market

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