Yahoo FinanceLubricants Market to grow by 6.22 mn tons from 2021 to 2025| Evolving Opportunity with Chevron Corp. & Exxon Mobil Corp. |17000+ Technavio Reports
NEW YORK, Oct. 22, 2021 /PRNewswire/ -- The lubricants market size is set to grow by 6.22 mn tons from 2021 to 2025 and will accelerate at a CAGR of 3.33% according to the latest market report by Technavio.
For more Insights on Lubricants Market - Download a free sample report now!
Factors such as increasing demand from end-user industries, increasing need for reliable machinery & effective maintenance, and rising demand for lubricants in developing economies will offer immense growth opportunities. However, the fluctuations in crude oil prices will hamper market growth. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Lubricants 2021-2025: Segmentation
Product
Application
Geography
Lubricants Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the lubricants market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include BP Plc, Chevron Corp., Exxon Mobil Corp., FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., PetroChina Co. Ltd., Royal Dutch Shell Plc, and TotalEnergies SE. The lubricants market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
The report also covers the following areas:
Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually!
Lubricants Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist lubricants market growth during the next five years
Estimation of the lubricants market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the lubricants market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of lubricants market vendors
Related Reports:
Farnesene Market -The farnesene market has the potential to grow by 48598.93 MT during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 27.29%. Download a free sample report now!
Oleochemicals Market -The oleochemicals market has the potential to grow by $ 9.01 bn during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 6%.Download a free sample report now!
Lubricants Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 3.33% |
Market growth 2021-2025 | 6.22 mn tons |
Market structure | Fragmented |
YoY growth (%) | 2.21 |
Regional analysis | APAC, Europe, North America, MEA, and South America |
Performing market contribution | APAC at 59% |
Key consumer countries | China, US, India, Japan, Russian Federation, and Brazil |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | BP Plc, Chevron Corp., Exxon Mobil Corp., FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., PetroChina Co. Ltd., Royal Dutch Shell Plc, and TotalEnergies SE |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Download a free sample now to uncover highlights of lubricants market companies.
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/lubricants-market-to-grow-by-6-22-mn-tons-from-2021-to-2025-evolving-opportunity-with-chevron-corp--exxon-mobil-corp-17000-technavio-reports-301406394.html
SOURCE Technavio
