Wednesday, July 24, 2019

Australia Fitness Services Market is Driven by Growing Penetration of Fitness Service Centres And Emergence of 24 Hours Gyms: Ken Research

“Rising additional services, Increasing Number of organized fitness centres and increasing the popularity of female-specific gyms will be the key factors driving growth in Australia Fitness Services Market.”
The report titled “Australia Gym and Fitness Centre Market Outlook to 2023 - By Revenue Stream (Membership Fee and Personal Trainer Fee), By Subscription Period (1 month, 3 months, 6 months and 1 year), By Region, By Number of Gyms, by Subscription Fees and By Gender” by Ken Research suggests, the market for Australia fitness services in terms of revenue enhanced at a CAGR of 4.7% over the review period (2013-18).
Increasing Organized Fitness Centres: The Australia Fitness Services market has surged with a rising number of fitness centres. Organized fitness centres have approximately more than three fourth of the total fitness service outlets in Australia. The rise in services offered by fitness centres such as the swimming pool, showers, lockers sports facility and many others have attracted the customers towards the organized fitness service centres. One of the major reasons behind surging growth of the organized fitness centres is the diversification of services and easy accessibility of fitness centres from a customer’s house as they are majorly present in across all the regions.
Australia Gym and Fitness Centre Market
Shift Towards 24 Hours Gym: There has been a shift in the preference of customers towards 24 hours budget-friendly gyms from expensive full-service gym memberships. The reason for the shift towards 24 hours gyms is mainly because of time convenience and flexibility offered to the members. Budget 24-hour gyms generally operate without staff, and wage savings flow down to consumers in the form of cheaper membership prices. Increase in popularity of 24 hours gyms has boosted the growth of the fitness service market in the review period (2013-18).
Growing Adult Obesity: There has been an increase in the percentage of Australians of age 18 years and above who were overweight or obese from 63% in 2014-15 to 67% in 2017-18. This increase in adult obesity has shifted the focus towards living a healthy life and made people more health conscious and hence, paved the way for the growth of the fitness service market in Australia.
Diversification of Services: Increase in group exercises such as Zumba, Pilates, Aerobics and Yoga is also contributing to the growth of the fitness service market as in the future majority of the new fitness centres will be looking forward to offering these services at lower rates to capture the majority of the customers into their fitness centres. Currently these group exercises have been majorly offered in organized fitness centres only but in future, it has been expected various new unorganized fitness centres will also, provide the facility of group exercise to their customers to remain into the competition of the market.
Key Segments Covered:-
By Revenue Streams
Membership Fee
Personal Training Fee
By Subscription period
1 month
3 months
6 months
1 year
By Region
New South Wales
Victoria
Queensland
Western Australia
Southern Australia
Australian Capital Territory
Tasmania
Northern Territory
By Type of Market
Organized Market
Unorganized Market
By Number of Gyms by Subscription Fee
Up to 850 AUD
Between 850- 1200 AUD
Above 1200 AUD
By Gender –Gym Members
Males
Females
Key Target Audience
Fitness Centers in Australia
Fitness Equipment companies
Private Equity firms
Ministry of Health
Time Period Captured in the Report
Historical Period: 2013-2018
Forecast Period: 2019-2023E
Major Fitness Centers Covered:-
Anytime Fitness
YMCA Australia
Good life Health Clubs
CrossFit
Plus Fitness
Snap Fitness
Jetts Fitness
F45 Aus Hold Co Pty Ltd
World Gym
Fernwood Fitness
Virgin active
Genesis Fitness
Fit N Fast
Zap Fitness
Fitness First Australia Pty Ltd
Powerhouse Gyms
Furious Fitness 24/7
Stepz Gym
Derimut Gym
Keywords:-
Market share Major Gyms Australia
Men Gym Market Australia
Mixed Gym Members Australia
Number of Fitness Centres Australia
Number of Gyms in Australia
Organized Fitness Club Revenue Australia
Personal Fitness Training Market Australia
Rush Gym Australia Fitness Service Market
Strength Fitness First Australia
Trends in Fitness Services Australia
Yearly subscription Fee Fitness Services Australia
Yoga Studio Market Australia
Australia Gym Market
Australia Fitness Centre Market
Australia Fitness Service Market
Competition Fitness Clubs Australia
Cross Fit Market Australia
Female Gym Industry Australia
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Ken Research
Ankur Gupta, Head Marketing & Communications
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Location: Australia

Philippines Pharmacy Retail Market is driven by the High Sale of Prescription Drugs Coupled with Growth in the Private Label Medicines: Ken Research Analysis

Growth in private label products in the medicines and non pharmaceutical products has led to surge in the store footfall among multiple pharmacies in the Philippines. Increase in the lifestyle related diseases such as Coronary Heart Diseases, Strokes, Hypertension and Diabetes combined with other factors has led to growth in the market for Pharmacy retail in the Philippines.

Decline in the Pharmacy Growth: The number of pharmacies in the Philippines is growing at a declining rate due to low expansion/ less opening of the unorganized ghost pharmacies. “Ghost Pharmacies” are basically those stores that operate without the presence of a licensed pharmacist. The FDA started finding such pharmacies and cancelled their License to Operate, thereby leading to decline in the total number of Pharmacies in the Philippines. The organized pharmacies are on continuous expansion, with the adoption of franchise based model. The organized pharmacies are expanding tremendously with some of franchise based chains opening up to 100 stores in a year

Increase in the Demand of Generic Drugs: The Philippines have some of the highest pricing level of the medicines in the ASEAN countries. The major reason for this is the high prices charged by the innovator brands. As most of the company imports their drugs in the Philippines they attract import duties, which further increase the retail price of the medicine. This has shifted the consumers to use generic drugs more than the patented drugs in the country. This was facilitated with the growth in the total number of generic drugstores across the country. The government of Philippines is also focusing on increasing the reach of generic medicines.

Increase in Health Insurance Coverage: In 2017, approximately 66% of the population was insured by PhilHealth (the government administered insurance plan), as compared to 38% during the year 2008. In 2018, 25,706 stand-alone health insurance policies which insured a total of 745,800 lives were issued by life insurance companies. On the other hand, non-life insurance companies issued approximately 121,209 stand-alone health insurance schemes that insured a total of 302,081 lives.

Increase in Number of Lifestyle Diseases: There has been increase in the lifestyle related diseases in the Philippines. Coronary Heart Diseases, Strokes, Hypertension and Diabetes are some of the most common diseases found in the Philippines. As per a WHO report, strokes are responsible for approximately 12% death each year.

Analysts at Ken Research in their latest publication “Philippines Pharmacy Retail Market Outlook 2023 - By Organized and Unorganized Segment, By Standalone and Hospital Based Pharmacies, By Region, By Generic and Patented Drug, By Prescribed Medicines, OTC Products, Non Pharmaceutical Products and Medical Equipments, by Therapeutic Class (Anti-Infective, Cardiovascular, Gastro Intestinal, Anti Diabetic, Vitamins, Minerals and Nutrients, Respiratory, Pain Analgesics, Dermatology, Neuro, Gynaecological and Others)” suggests that by de-cluttering of stores, rising mergers and acquisitions, adopting centralized monitoring system, development of new retail channels and increasing traction of mail order based pharmacies in the country will give a boost to pharmacy retail market revenues in the Philippines in the near future thereby, registering a CAGR of 4.2% in terms of revenue and 2.0% in terms of total number of pharmacies during the forecast period 2019-2023. The market is further expected to be driven by increase in demand of the prescribed medicines and generic drugs in the country.

Key Segments Covered
Market Structure
Organized Market
Unorganized Market

Type of Store Location
Standalone Pharmacy
Hospital Based Pharmacy

Region
North
Central
South

Type of Sales
Prescribed Medicines
OTC Products
Non Pharmaceutical Products
Medical Equipment

By Type of Drug
Generic
Patented

By Therapeutic Class
Anti-Infectives
Cardiovascular
Gastro Intestinal
Anti Diabetic
Vitamins/Minerals /Nutrients
Respiratory
Pain/Analgesics
Dermatology
Neuro
Gynecological
Others

Key Target Audience
Existing Pharmaceutical Retailers in the Philippines
Existing Pharmaceutical Distributors in the Philippines
Existing Pharmaceutical Wholesalers in the Philippines
Existing Pharmaceutical Manufacturers in the Philippines
Existing Pharmaceutical Importer in the Philippines
New Market Entrants- Domestic Retailer
New Market Entrants- Domestic Distributor
New Market Entrants- Domestic Wholesaler
New Market Entrants- Domestic Manufacturer
New Market Entrants- Foreign Retailer
New Market Entrants- Foreign Distributor
New Market Entrants- Foreign Wholesaler
New Market Entrants- Foreign Manufacturer
Market Associations
Investors & Venture Capital Firms
Real Estate Companies
Government Bodies

Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2023

Companies Covered:
Mercury Drug Corporation
Watsons Personal Care Stores
SouthStar Drug Inc.
Rose Pharmacy
The Generics Pharmacy

For more information on the research report, refer to below link:
Philippines Pharmacy Retail Market Outlook 2023

Related Reports
Germany Retail Pharmacy Market Outlook to 2023 - By Type of Pharmaceuticals (Prescription Only, Pharmacy-Only, Supplementary Products and Unrestricted OTC pharmaceuticals); By Number of Main and Franchise Pharmacies; and By Federal States; By Online Sales

Kuwait Retail Pharmacy Market Outlook to 2022 - By Type of Pharmacy (Pharmacy Chains, Independent Pharmacies and Hospital/Clinic Based Pharmacies); By Type of Drugs (Cosmetics, Food Supplements and Drugs), By Type of Sales Channels (Offline and Online)

India Online and Offline Pharmacy Retail Market Outlook to 2025 - By Organized and Unorganized; By Standalone and Hospital based Pharmacy; By Product Category (Prescribed Drugs, OTC Drugs and Non-Pharmaceutical Goods) and Therapeutic Class

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
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Global Beer Manufacturing (Breweries) Market Research Report & Future Outlook: Ken Research


Beer is the widely consumed alcoholic beverages which is prepared using four basic ingredients for instance yeasts, malted cereals grains, water and hops. The process of making beer is known as brewing. Additionally, some of the flavoring ingredients such as fruits and herbs are also used during the beer manufacturing.

According to study, “Beer Manufacturing (Breweries) Global Market Report 2019” the key companies operating in global beer manufacturing (breweries) market are Anheuser-Busch InBev, Asahi Group Holdings Ltd., The Boston Beer Company, Inc., Beijing Yanjing Brewery, Dogfish Head Craft Brewery, Carlsberg Group, Breckenridge Brewery, Diageo PLC, Constellation Brands, Heineken NV, Boston Beer, SABMiller PLC, Interbrew Company, United Breweries Group (UB Group), China Resources Enterprise, Tsingtao Brewery, Oettinger, Molson Coors, Modelo, Diageo, Squatters Pub, Sierra Nevada Brewing Co. Ltd.

Based on type, global beer manufacturing (breweries) market is segmented into lager, stout & porter, ale, malt and others. Based on category, market is segmented into premium, super premium and popular-priced. Based on product, market is segmented into strong beer and light beer. Light beer is preferred by many consumers owing to its low calorie & low alcohol content. Based on packaging, market is segmented into glass, metal can, PET bottle, and others. Based on production, market is segmented into macro-brewery, craft brewery, micro-brewery, and others. Moreover, based on distribution channel, market is segmented into off-trade and on-trade.

Regulatory policies also play a primary role in shaping industry dynamics. Several agencies for instance the U.S. EPA (Environmental Protection Agency) and U.S. TTB (Alcohol and Tobacco Tax and Trade Bureau) have implemented strict regulations concerning environmental impact of beer packaging materials & emissions. Apart from this legal drinking age limits & laws pertaining to alcohol sale or consumption may impact the production & sales in some of the regions.

The global beer manufacturing market is driven by increase in consumption rate of alcoholic drinks, followed by change in lifestyle, high disposable income, rapid urbanization, and popularity of beer among the young population & average number of female drinkers. Apart from the advantages, few of restraints include volatile raw materials prices taxations & higher excise duties on the imported as well as local beer manufacturing. Additionally, development of naturally sweetened & healthier alcoholic drinks is adding to major opportunity for market besides this, wineries and breweries use advanced filtration technologies such as cross-flow filtration and lenticular filtration to boost the production efficiency in the global market.

Based on geography, the Asia-Pacific region holds major market share of beer manufacturing market owing to acceptance of beer as a refreshment drink in parties and upsurge among female consumers in the region. North American region is anticipated to witness higher growth in the near future due to increase in consumption by U.S. Europe is also anticipated to grow at a moderate growth rate as a result of rise in health concerns and increase in a number of legal regulations. In the upcoming years, it is projected that market to grow at a rapid pace caused by climatic changes, high taxes in various regions, strict government regulations, and the emergence of inexpensive substitutes and the social & demographic norms.

For more information on the research report, refer to below link:-
Global Beer Manufacturing (Breweries) Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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Global Cheese Manufacturing Market Outlook: Ken Research

Cheese is a highly nutritious & palatable dairy product which is produced in a wide variety of textures, flavors, and forms. Cheese is a rich source of calcium, essential minerals, protein, fat and others. It also contains sphingolipids and linoleic acid, which helps in preventing cancer. It offers various health benefits such as the healthy heart (if consumed in moderate quantity), stronger teeth & bones, prevention of osteoporosis, and others.
Global Cheese Manufacturing Market
According to study, “Cheese Manufacturing Global Market Report 2019” the key companies operating in the global cheese manufacturing market are Arla Foods Limited, Murray Goulburn Co-operative Co. Limited, Bel Group, Go Cheese, Britannia Industries Limited, Bongrain AG, Almarai Co. Ltd., Parag Milk Foods, Leprino Foods Company Inc., Fonterra Co-operative Group Limited, Associated Milk Producers, Gujarat Cooperative Milk Marketing Federation Ltd., Sargento Foods Incorporated, Cady Cheese Factory, Dzintars, Savencia SA, FrieslandCampina, Saputo, Lactalis Group, Kraft Heinz, Dairy Farmers of America, Gebrder Woerle Ges.m.b., Old Fashioned Cheese, Mother Dairy, Bletsoe Cheese, Inc., Vindija dd.
Based on the type, global cheese manufacturing market is segmented into processed cheese (block cheese and spreadable cheese) and natural cheese (soft cheese and hard cheese). Natural cheese is the foremost segment owing to high demand from consumers because of its novel flavor and texture. Based on the source, the market is segmented into buffalo milk, cow milk (whole milk and skimmed milk), goat milk and others (sheep milk). Based on the product, the market is segmented into mozzarella, feta, cheddar, roquefort, parmesan , and others. Based on the format, the market is segmented into slices, shredded, diced/cubes, blocks, liquid, spread, and others. Based on the preparation process, the market is segmented into pasteurization, standardization, the addition of desired starter cultures and others. Based on label type, the market is segmented into private and non-private. In addition, based on the distribution channel, the market is segmented into convenience stores, online stores, and specialty stores.
The cheese manufacturing market is driven by growth in Quick service restaurants (QSRs) business, followed by an increase in demand for protein-rich food, rise in the middle class population & increase in urbanization, rise in disposable income, and the rapid pace of urbanization. However, the lack of storage & transport facility, talent crunch & change in consumer preferences and unhealthy additives & ingredients in processed cheese may impact the market. Moreover, the trend for low fat cheese, rise in availability of various options in cheese such as color, flavor and texture and increase in popularity in emerging economies are few of the major opportunities for the market.
Based on geography, Asian-Pacific region holds a major share in cheese manufacturing market, followed by the North-American region owing to an increase in absorption of the western fast food trend and increase in the consumption of fast food items, such as pizza, pasta, and burger in the region. It is expected that the market will be reached at a rapid pace due to the influence of social media on the market, increase in a busy lifestyle, the impact of new cuisines on the market and low-cost foods over the forecast period.
To Know More, Click On The Link Below:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: India

Growing Landscape of the Global Rivaroxaban Market Outlook: Ken Research

The Rivaroxaban is an oral anticoagulant established and produced by Bayer, in a number of economies it is promoted as Xarelto. However, in the United States, it is effectively promoted by the Janssen Pharmaceutica. It is the primarily exist orally active direct factor Xa inhibitor. The Rivaroxaban is well fascinated from the gut and most inhibition of the aspect Xa ensues four hours after a dose. The impression last nearby 8-12 hours, whereas the factor Xa motion does not reappear to the normal within 24 hours so once-daily dosing is possible. Furthermore, the key players of rivaroxaban market are playing an essential role while satisfying the consumers more significantly and spreading the awareness related to the effective applications and classification of this which further benefitted for increasing the value of market share more positively across the globe throughout the forecasted period.

According to the report analysis, ‘Global Rivaroxaban Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024’ states that there are several key players which are recently functioning in the rivaroxaban market more actively for leading the fastest market growth and dominating the high value of market share across the globe in the coming years while developing the manufacturing process, modifying the promoting activities of the product and investing the high amount of money in the technological advancements includes Bayer, J&J and several others.
Not only has this, the report also predicts the relevant related to the correlated sectors and field of the market which majorly involves profit margins of the players, consumer trend, growth opportunities, growth drivers, restraints, competitors, market segmentation, product application, information related to the end users, consequences, coming investors, recent mergers and acquisitions and several other. The Bayer is the only provider of Rivaroxaban enjoying production market share100% in 2015 and it will still in this situation until 2023.
Additionally, as an opponent of the coagulant medicate is offered to be effectively utilized for the repugnance and cure of the embolism and non-hemorrhagic stroke, intensifying the frequencies of such medicinal circumstances are estimated to ensure the rivaroxaban market growth over the coming years.
The worldwide average price of Rivaroxaban is in the declining trend, from 5.62 USD/Unit in 2011 to 5.34 USD/Unit in 2015. With the condition of global region, prices will be in unhurriedly reducing trend in the following five years.
For instance, the global market for Rivaroxaban is estimated to increase at a CAGR of nearby 9.4% over the next five years, will reach 10100 million USD in 2024, from 5860 million USD in 2019. However, the intensifying clinical preliminaries for the growth of present sign of rivaroxaban is anticipated to be the foremost factor for fueling the rivaroxaban market growth over the expected time frame.
Nevertheless, based on the region, the market of rivaroxaban is spread across the globe which mainly involves North America, Europe, South America, Middle East and Africa. Whereas, it is anticipated that the North America is dominating the prevalent share in this market across the globe. Furthermore, it is anticipated that the underdeveloped regions also showing their effective efforts for increasing the value of market share across the globe. Hence, the market of rivaroxaban is anticipated to increase across the globe in the coming years over the forecasted period.
To know more, click on the link below:-
Global Rivaroxaban Market Research Report
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
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Enhanced Landscape Of The Building Equipment Contractors Global Market Outlook: Ken Research

According to the report analysis, ‘Building Equipment Contractors Global Market Report 2019’ states that the building equipment contractors market comprises of the sales revenues generated by the several and effective entities which majorly involves sole traders, organizations and partnerships that install or service equipment that makes portion of a building’s mechanical system such as water, electricity, heating and cooling. The work functioned may involve fresh work, alterations, repairs, additions and maintenance. The sales revenues of the contractors installing specialized building equipment, namely escalators, central vacuum cleaning systems, elevators, and service station equipment are also involves.



Additionally, the players in the building equipment contractors market is playing an important role in increasing the market growth and attaining the high amount of market share more significantly across the globe while developing the specifications of the technology and scheduling for investing the high amount of money in the several approaches which further benefitted for attaining the high demand and increasing the applications of the technology includes Bergelectric, EMCOR Group, IES Holdings, ARS/Rescue Rooter, Comfort Systems USA, EMCOR Group, and TDIndustries., EMCOR Group and several others.

Not only has this, the players in the entire market of building equipment contractors are adopting the effective strategies for enlarging the business premises and generating the high amount of revenue which further benefitted for effectively leading the fastest market growth during the forecasted period more enormously.

However, based on the region, the market of building equipment contractors is spread across the globe whereas, it is predicted that the developed regions with the advanced technologies of production are controlling the highest amount of revenue. Additionally, the Asia Pacific region was the foremost region in the global building equipment contractors market, registering for 40% of the market in 2018. The Western Europe was the second significant region dominating for 24% of the global building equipment contractors market. For instance, the South America was the smallest region in the global building equipment contractors market.

Nonetheless, the Specialty Construction Contractors are significantly utilizing the building information modeling (BIM) to develop the labor productivity, customer management and material management. The BIM is an alphanumeric representation or 3D model of a building, which can be utilized to effectively schedule, design, construct and maintain the buildings. The Contractors significant utilize the BIM to design structures, lighting, HVAC systems and mechanical, electrical and plumbing systems. It can be also utilized for the clash detection and interference administration, shop drawing review, cost guesstimate and safety analysis. The Electrical and mechanical contractors also majorly utilized BIM to enhancement their prefabrication abilities. BIM results in deceased rework, advanced the coordination among workers and sophisticated quality of finished projects.

The potential players in the market of building equipment contractors increasing the profitable approaches and developing the working style for developing the productivity at a reasonable price and expanding the business premises across the globe throughout the short span of time. Therefore, in the near years, it is predicted that the market of building equipment contractors will increase around the globe over the coming decades.

For more information on the research report, refer to below link:
Global Building Equipment Contractors Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
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Increase in Construction and Infrastructure Activities, Followed by Rise in Automotive Industry is Set to Drive Global Asphalt, Lubricating Oil and Grease Manufacturing Market over the Forecast Period: Ken Research

Asphalt is a sticky black highly viscous liquid or semi-solid form of petroleum used for surfacing roads flooring& roofing, also known as bitumen. Polymer modified asphalt (PMA) is one form of traditional asphalt which is fixed at comparatively low temperatures and maintain surface granules better compared to standard granules. Asphalts are mixed with elastomers to create PMA which has privileged rutting resistance and durability. Styrene-butadiene rubber (SBR) and Styrene-butadiene-styrene (SBS) are the most commonly used elastomers to produce PMA.

Lubricating oil is thick fatty oil used for making parts of machine to make them move smoothly. The oil creates a separate film between surfaces of the closest moving parts to minimize the direct contact and decrease in heat caused by friction & reducing wear.

According to study, “Asphalt, Lubricating Oil And Grease Manufacturing Global Market Report 2019” the key companies operating in the global asphalt, lubricating oil and grease manufacturing market are Royal Dutch Shell Plc, Gazprom Neft, BP PLC (Castrol Ltd.), Owens Corning Sales LLC,CRH Plc., Chevron U.S.A. Inc., Bharat Petroleum Corporation Limited, China Petrochemical Corp. (Sinopec), Gulf Oil Lubricants India, Indian Oil Corp. Ltd., Exxon Mobil Corp., Lafargeholcim Ltd., HPCL, Imperial Oil Ltd, Valero, FUCHS, Vulcan Materials Co., Amsoil Inc., BASF SE, Blaser Swisslube AG, Bechem, Caltex Australia Group, China National Petroleum Corporation (PetroChina), Chemtura Corporation, Eni SpA, Gulf Oil Corporation Limited, Gazprom Neft PJSC, Idemitsu Kosan Co. Ltd, ITW (ROCOL), Indian Oil Corporation Ltd, JX Nippon Oil & Energy Corporation, Lukoil Lubricants Company, Kluber Lubrication, Pertamina, Motul, Petrofer Chemie H. R. Fischer GmbH + Co. KG, Petrobras, Phillips 66 Lubricants, Petronas Lubricants International, Repsol, Tide Water Oil Co. (India) Ltd, SK Lubricants, Valvoline LLC, Total Lubricants, Kluber Lubrication, Shell, Panama Petrochem Ltd.

Based on product type, the asphalt, lubricating oil and grease manufacturing market is segmented into engine oil, metalworking fluid, transmission & hydraulic fluid, general industrial oil, grease, gear oil, process oil and others. Based on thickeners, market is segmented into metal soaps and other thickeners. Based on base stock, market is segmented into bio-based lubricant, synthetic lubricant and mineral oil lubricant. In addition, based on end-use industries, market is segmented into power generation, heavy equipment, automotive & other transport, metallurgy & metalworking, food & beverage, chemical manufacturing and other end-user industries (packaging and oil &gas (drilling fluids)).

The global asphalt, lubricating oil and grease manufacturing market is driven by increase in construction and infrastructure activities, followed by rise in automotive industry, increase in usage of high-performance lubricants & greases, expansion of the global cold chain market and rise in demand from the growing wind energy sector. However, increase over the geo-political issues and rise in cost of oil extraction may impact the growth of market. Moreover, few of opportunities supporting the market growth include increase in mining operations, rise in prominence for bio-lubricants, emergent emphasis on environment friendly buildings and increase in demand for re-refined lubricants.

Based on geography, Asia-Pacific region holds the major market share in asphalt, lubricating oil and grease manufacturing market owing to rise in demand from the wind energy sector. North-American region is expected to hold major market due to augment in vehicular production along with the increase in construction& infrastructure activities in the region over the forecast period. It is anticipated that over the forecast period market it is expected that increase in demand for petroleum products in the developing countries is expected to support the market growth over the forecast period.

For more information, click on the link below:
Asphalt, Lubricating Oil and Grease Manufacturing Global Market

Contact Us:    
Ken Research                                   
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91 9015378249
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