Lubricants reduce friction between surfaces. They are usually in oily, semi-fluid, or solid state. Superior-quality lubricants possess various characteristics such as a high level of thermal stability, high boiling point, low freezing point, and high viscosity index. These features help it reduce friction between surfaces of machine parts and increase operational efficiency. There are several types of lubricants including engine oils, process oils, hydraulic fluids, turbine oils, tractor fluids, gear oils, and metal-working fluids. Lubricants can be classified into mineral-based, synthetic, and bio-based lubricants. These lubricants are used in various industries including Automotive, Industrial Machinery, Textile, Food and Beverages, Plastic, and Chemical industries.
TechNavio’s analysts forecast the Global Lubricants market to grow at a CAGR of 2.3 percent over the period 2014-2019.
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The Global Lubricants market can be segmented into four: Mineral-based, Oil-based, Synthetic, and Bio-based.
TechNavio’s report, Global Lubricants Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Lubricants market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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