Monday, March 13, 2023

Mexico Lubricants Market Outlook to 2027F: Ken Research

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What is the Size of Mexico lubricant Industry?

Mexico Lubricant market is growing at a CAGR of ~% in 2017-2022 and is expected to reach MXN ~ Bn by 2027F. The Mexico Lubricant Market is largely driven by manufacturing industry growth, construction growth, automotive growth, trade agreements and foreign investment.

In automotive applications, lubricants are widely used in things like transmission and heavy-duty diesel engine oils for passenger cars. In certain auto processes, such as the movement of chains and pistons, lubricants are also used. The increase and rise in demand for autos around the world is predicted to be the main factor driving the need for lubricants. The strong heat resistance and high effectiveness of lubricants in high-temperature situations are projected to support the market's expected growth rate.

Also, due to the lubricant's distinct quality, which is mostly dependent on a number of characteristics including hydraulic stability, a high viscosity index, strong resistance to oxidation, a high boiling point, and thermal stability, demand for them is on the rise. These features help to reduce friction in many applications, which is also to blame for the increased need for lubricant on a global scale. The market growth rate has been predicted by the growing usage of lubricants due to their superior features.

Mexico Lubricant Market by type of lubricant

The Mexico Lubricant market is segmented by type of lubricant into industrial and automotive lubricant. Mexico uses more automotive lubricant as it is in high demand in market.

Mexico Lubricant Market by grade of lubricant

The Mexico Lubricant market is segmented by grade of lubricant into mineral, synthetic and semi-synthetic. Semi-synthetic has the highest market share in Mexico lubricant market as they have both the properties of mineral and synthetic lubricants.

Mexico Lubricant Market by type of industrial lubricant

The Mexico Lubricant market is segmented by type of industrial lubricant into hydraulic fluid, grease, gear oil, metalworking fluid and others. Lubricants such as engine oils, transmission fluids, hydraulic fluids, gear oils, and grease are used to prevent wear and tear in a variety of automotive applications. With the increased use of used cars and various government initiatives to promote the automotive sector in the country, the lubricant market will expand in the coming years.

Mexico Lubricant Market by End User of Industrial Lubricant

The Mexico Lubricant market is segmented by grade of lubricant into construction and mining, general manufacturing, metal production, power generation, food processing and others.

Key Segments Covered in the report:-

Mexico Lubricant Market

Mexico Lubricants Market Segmentations

By Type of Lubricant

Industrial Lubricant

Automotive Lubricant

By Grade of Lubricant

Mineral

Semi-Syntenic

Synthetic

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Mexico Industrial Lubricants Market Segmentations

By Type of Industrial Lubricant

Hydraulic Fluid

Grease

Gear Oil

Metalworking Fluid

Others (Turbine Oil, Compressor Oil, etc.)

By End Use of Industrial Lubricant

Construction and Mining

General Manufacturing

Metal Production

Power Generation

Food Processing

Others (Agriculture, Medical, etc.)

By Distribution Channel

Dealer Network

Direct Sales Premium

Unorganized Sector

Mexico Automotive Lubricants Market Segmentations

By Type of Automotive Lubricants         

Heavy-Duty Diesel Engine Oil

Passenger Vehicle Motor Oil

Transmission Fluids

Hydraulic Oil

Greases

Gear Oils

By End Use of Automotive Lubricant

Commercial Vehicles

Passenger Cars

Motor Cycles

Marine

Others (Aviation, Railways, etc.)

By Distribution Channel

Dealer Network

OEM Workshops/Service stations/Local Workshops

Supermarkets/ Hypermarkets

Online

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Key Target Audience:-

Lubricants Manufacturers

Lubricants Distributors Refining Companies

Construction and Mining Industry

General Manufacturing Industry

Metal Production Industry Base-oil Companies

Additive Companies

Metal Production Industry

Power Generation Industry

Food Processing Industry

Agriculture Industry

Medical Industry

Automotive OEMs

Automotive Dealerships

Government Agencies

Consulting and Advisory Firms

Time Period Captured in the Report:-

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022-2027F

Companies Covered:-

Bardahl

BP PLC (Castrol)

Chevron Corporation

ExxonMobil Corporation

Mexicana de Lubricantes S.A. de C.V.

Raloy

Roshfrans

Royal Dutch Shell Plc

Total Energies

Valvoline Inc.

Gulf

Shell

Key Topics Covered in the Report

Mexico Industrial and Automotive Overview

Ecosystem, Business Cycle and Genesis Mexico Lubricants Market

Market Sizing Analysis and Segmentation of Mexico Lubricants Market, 2017-2022

Mexico Industrial Lubricants Market Segmentation, 2022

Mexico Automotive Lubricants Market Segmentation, 2022

Industry Analysis Mexico Lubricants Market

End User Analysis of Mexico Lubricants Market

Competitive Framework of Mexico Industrial and Automotive Lubricant Market

Future Market Size and Future Segmentation of Mexico Industrial and Automotive Lubricant Market, 2022-2027F

Market Opportunity and Analyst Recommendations

For more insights on the market intelligence, refer to below link:-

Mexico Lubricants Market

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