Lubricants are substances used for reducing friction, wear &
tear of the operating parts of machines. The property of reducing the friction
is known as slipperiness or lubricity. Lubricants are classified into solid
lubricants (chalk & wax), semi-solid lubricants (Vaseline & grease),
liquid (petroleum oil, vegetable oil and emulsions), and gaseous based on the
state of its use. The use possesses property for instance high boiling point,
corrosion prevention, low freezing point, high viscosity index, thermal
stability, and high resistivity to oxidation. They enlarge the shelf-life of
mechanical parts, thus providing higher efficiency. These are employed to ease
smooth operation of mechanical parts & eliminate any excesses deposited on
these parts.
According to
study, “Automotive
Engine Oil Market” some of the major
companies that are currently working in the Global lubricant market are Al
Jomaih and Shell Lubricating Oil Company Limited, Abu Dhabi National Oil
Company, Alhamrani-Fuchs Petroleum Saudi Arabia Limited, BP, Co-operation
Petroleum Co. (Copetrole), Behran Oil Company, Emarat Misr, Emirates National
Oil Company, Emirates Lube Oil Co. Ltd., ExxonMobil, Misr Petroleum Company, Iranoil
Oil Company, NAFTAL, Petromin Corp., Pars Oil Company, Sepahan Oil Company, ADNOC,
Chevron, Total, ENOC, Castrol, Rulexx Lubricants and Grease Ind llc, LUKOIL,
MAG Lubricants, Lubrex FZC, DANA Lubricants, AXCL Lubes, Sharafco Group of
Companies, Emirates Lube Oil Company Ltd., Atlantic Grease and Lubricant, Crystal
Petroleum, SHARLU, Petrotek, Aljazeera Lubricants LLC, Universal Lubricants, Stanley
Lubricants.
Based on the type, lubricant
market is segmented into synthetic lubricant, semi-synthetic lubricant and
mineral lubricant. Mineral products include large number of hydrocarbon
compounds & organic compounds of sulfur, oxygen, and nitrogen. These
hydrocarbons can outcome in the development of acid, dirty oil, and oxidation
instability. Based on the product type, the market is separated into automotive
oils, metalworking fluids, industrial oils, hydraulic oils, marine oils,
process oils, and greases & others. The automotive engine oil market segment is further sub-segmented into
transmission oils and engine oils. Based on the additives, market is segmented
into dispersants, detergents, viscosity index improvers, anti-wear additives,
friction modifiers, antioxidants and others.
Based on technology, market is segmented into fractionating,
sedimentation, additives or inspection & packaging and filtering &
solvent extractions etc. Based on vehicle types, market is breakdown into light
commercial vehicles (LCVs), passenger cars, heavy commercial vehicles (HCVs),
and others (motorbikes). Based on channel of distribution, the market is
divided into direct sales, workshops and dealer network. Based on application,
market is defined as industrial machinery & equipment and transportation
(passenger vehicle, commercial vehicle, aviation and marine).
The lubricant market is primarily driven by the massive
industrial growth, followed by growing international passenger & freight
traffic, economic development & rising income of middle-class people and
increase in export of minerals & crude oil to drive the lubricant’s demand
in the marine sector. Apart from the major benefits, other key restraints impacting
the market may include political unrest in some of the region’s countries, lack
of awareness among automotive lubricant consumers and increasing use of
synthetic & semi-synthetic lubricants.
To know more, click on the link
below:-
Related Report:-
Contact Us:-
Ken Research
Ankur Gupta,
Head Marketing & Communications
+91-9015378249
