Global Lubricants
Market for Off-road Sector: Overview
Lubricants diminish friction because they eliminate the contact
resistance between two solid surfaces or objects. Examples of
lubricants are engine oil, gear oil, transmission fluid, greases,
coolants, bearing oil, brake fluid, etc. North America is anticipated
to be a major consumer of lubricants due to presence of large number
of off road vehicles in the region. Growing demand for lubricants in
the construction and mining industry in Asia Pacific is anticipated
to affect the lubricants market in terms of lubricant consumption.
Engine oil, as the name suggests, is used to avoid friction and
corrosion in engine of a vehicle.
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Gear oil and transmission fluid are used by gear box and axles of a
vehicle. In some types of vehicles, separate gear oil and
transmission fluid are not required. Single lubricant is used in gear
box of the vehicle in place of them.
Global Lubricants
Market for Off-road Sector: Scope of the Report
This study analyzes, estimates, and forecasts the global lubricants
market for off-road sector in terms of volume (kilo tons) and revenue
(US$ Mn) from 2015 to 2024. Market numbers given in the report
describe the demand for global lubricants, but not production or
supply. The global lubricants report also analyzes several driving
and restraining factors and their impact on the market during the
forecast period.
The report provides comprehensive analysis of the global lubricants
by key source, grade, product and end use. It segments the market
into key source that include mineral oil, synthetic and biobased. It
further segments the market into key grades that include single grade
and multi grade. Additionally, the report segments the market into
key products (engine oil, transmission fluids, hydraulic fluids, gear
oil, grease and others and key end users (construction, agriculture &
farming, mining, material handling and others). The report also
segments the lubricants market for off-road sector based on major
geographies into North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. Besides the report comprises 12 unique
country-specific analysis.
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Global Lubricants
Market for Off-road Sector: Research Methodology
Based on source and grade, the report analyzes the attractiveness of
each segment with the help of an attractiveness tool. The study
consist of value chain analysis, which offers a better understanding
of key companies in the supply chain from raw material manufacturers
to end-users. Additionally, the study examines market competition
through Porter’s Five Forces Analysis.
Primary
research represents the majority of our research efforts,
complemented by extensive secondary research. We reviewed key
players’ product literature, annual reports, press releases, and
relevant documents for competitive analysis and market understanding.
Secondary research also includes a search of technical writing,
recent trade, Internet sources, and statistical data from government
websites, trade associations, and agencies. This has proven to be the
most consistent, effective, and productive approach for procuring
precise market data, recognizing business opportunities,
and understanding industry participants’ perceptions.
Secondary research sources that are typically referred to include
broker reports, corporation websites, external patented databases,
financial reports, stockholder presentations, Securities &
Exchange Commission filings, proprietary databases and relevant
patent and regulatory databases, national government documents,
statistical databases, and market reports, news articles, press
releases, and webcasts specific to companies operating in the market.
Secondary sources referred for this study include Chemical Week
Magazine, ICIS Chemical Business Magazine, Hoover’s, Factiva, and
company presentations.
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Key Players
Mentioned in this Report are:
The report includes an overview of the market share of key companies
in the global lubricants market for off-road sector. Market share of
companies has been derived on the basis of production by
manufacturers of lubricants. Key market players profiled in the study
include Royal Dutch Shell plc, ExxonMobil Corporation, BP Global,
Total S.A., Phillips 66, Indian Oil Corporation Limited, Halron
Lubricants Inc., Topaz Energy Group Limited, Chevron USA Inc, Fuchs
Petrolub SE, Castrol Limited, BRB International and Lukoil Lubricants
Company.
The report
segments the global lubricants market for off-road sector as follows:
Global Lubricants
Market for Off-road Sector – Source Analysis
- Mineral Oil-based
- Synthetic
- Bio-based
Global Lubricants
Market for Off-road Sector – Grade Analysis
- Single
- Multi
Global Lubricants
Market for Off-road Sector – Product Analysis
- Engine oil
- Transmission fluids
- Hydraulic fluids
- Gear oil
- Grease
- Others
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