"Global Mineral-oil-based Lubricants Market 2015-2019" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Mon Nov 16 2015

Lubricants are used to reduce friction between two surfaces of equipment or components. They are usually in oil, semi-fluid, or solid state. Superior-quality lubricants have high thermal stability, high boiling point, low freezing point, and high viscosity index, which help to reduce the friction between machine parts for increased operational efficiency.
Mineral oil-based lubricants are derived from crude oil by distillation, solvent extraction, and the cracking process. Base oils (group I, II, and III) obtained from refining crude oil are used to manufacture mineral oil lubricants. These base oils differ from each other in terms of sulfur content, viscosity index, and saturates. Group I base oil is the least processed base oil and hence, has the lowest quality. Several types of mineral oil-based lubricants are available in the market, including engine oils, process oils, hydraulic fluids, turbine oils, tractor fluids, gear oils, and metal working fluids. They are used in various industries such as automotive, industrial machinery, textile, food and beverage, plastic, and chemicals.

Full Report Details at
- http://www.fastmr.com/prod/1073158_global_mineraloilbased.aspx?afid=301

Technavio's analysts forecast the global mineral oil-based lubricants market to grow at a CAGR of 2% during the period 2014-2019.

Covered in this report
This research report covers the present scenario and the growth prospects of the global mineral oil-based lubricants market for the period 2015-2019. To calculate the market size, the report considers the consumption of mineral oil-based lubricants. The market has been divided into three major regions namely Americas, APAC, and EMEA. The mineral oil-based lubricants have been divided into three segments:

* Fluid
* Semi-fluid
* Solid

Technavio's report, Global Mineral Oil-based Lubricants Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The research report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the market at large, as well as the key trends emerging in the market.

Key vendors

* BP
* ExxonMobil
* Royal Dutch Shell
* Saudi Aramco

Other prominent vendors

* Fuchs Petrolub
* Gazprom
* Idemitsu Kosan
* JX Holdings
* NK Lukoil
* PetroChina
* Petronas Chemicals Group Berhad
* Sinopec
* Total

Market driver

* Growing demand from automotive industry
* For a full, detailed list, view our report

Market challenge

* Negative environmental impact
* For a full, detailed list, view our report

Market trend

* Increase in R&D investment

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