Global Construction Lubricants Market 2018-2022
- Published: Oct 2018
- Pages: 111
- SKU: IRTNTR23340
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The global construction lubricants market size will grow by USD 3.09 billion during 2018-2022. This industry research report provides a detailed analysis of the market based on product (hydraulic fluid, engine oil, gear oil, compressor oil, and others) and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several construction lubricants manufacturers including Chevron, BP, Total, Shell International, China Petrochemical Corporation, and Evonik Industries.
Below are some of the key findings from this construction lubricants market analysis report:
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global construction lubricants industry overview
The increased demand for hydraulic fluids is driving the global construction lubricants market. Hydraulic fluids are extensively used in construction equipment primarily because of their fluidity at low temperatures, resistance to corrosion and water tolerance, anti-wear characteristics, and filterability. These fluids are also used in earthmoving equipment such as mini excavators, crawler excavators, and wheeled excavators, owing to their excellent energy transmission capacity. As hydraulic fluids increase the power and fuel efficiency of construction equipment, they are widely used in heavy-duty construction equipment.
The development of zinc-free construction lubricants is positively impacting the market, as these lubricants prevent corrosion of construction equipment and prevent the yellowing of their metallic parts. The zinc-free construction lubricants perform under high temperatures, moisture, and pressure, which increases its demand among end-users. Thus, the increased demand for hydraulic fluids coupled with the development of zinc-free construction lubricants will drive the market at a CAGR of close to 5% during the forecast period.
Top construction lubricants companies covered in this report
The global construction lubricants market is highly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this construction lubricants industry analysis report will aid clients to identify and design new growth strategies.
The report offers a detailed analysis of several leading construction lubricants companies, including:
- Chevron
- BP
- Total
- Shell International
- China Petrochemical Corporation
- Evonik Industries
Construction lubricants market segmentation based on product
- Hydraulic fluid
- Engine oil
- Gear oil
- Compressor oil
- Others
The dominating product segment of the global construction lubricants market in 2017 was hydraulic fluid. The market share of this segment will increase further, and it will continue to dominate the market throughout the next five years.
Construction lubricants market segmentation based on region
- The Americas
- APAC
- EMEA
APAC accounted for the largest construction lubricants market share in 2017, followed by EMEA and the Americas. This region will witness an increase in its market share and remain the market leader for the next five years.
Key highlights of the global construction lubricants market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the construction lubricants market during the next five years
- Precise estimation of the global construction lubricants market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the construction lubricants industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of construction lubricants companies
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Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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