Specialty Lubricants Market to Cross $81 Billion by 2025
Increasing
construction activities, recovering automotive industry and growing
industrialization to drive global specialty lubricants market through 2025
According to a recently
released TechSci Research report, “Global
Specialty Lubricants Market By Type, By
End Use, By Region Competition Forecast and Opportunities, 2011 – 2025”, the global specialty
lubricants market is anticipated to cross $ 81 Billion by the end of 2025. Growing
industrialization and expected revival of crude oil prices are expected to
influence the demand for specialty lubricants across the world during
2016-2025. Moreover, improving economic scenario, widening base of small and mid-cap industries and growing adoption of
advanced machineries are anticipated to positively influence the global specialty
lubricants market during forecast period.
Globally, automotive sector
is the largest consumer of specialty lubricants due to increasing sales of passenger
vehicles, expanding vehicle fleet and increasing awareness among automobile
manufacturers about the benefits of using specialty lubricants. Globally,
automobile production increased from 80 million units in 2011 to 91 million
units in 2015. With increasing production of automobile, the demand for
specialty lubricants is also expected to rise all across the globe over the
next five years.
Browse 10
market data Tables and 170 Figures spread through 279 Pages and an
in-depth TOC on "Global
Specialty Lubricants Market"
https://www.techsciresearch.com/report/global-specialty-lubricants-market-by-type-mineral-oil-based-synthetic-oil-based-bio-based-by-end-user-industry-automotive-cement-chemical-etc-by-region-competition-forecast-opportunities-2011-2025/775.html
The backbone of any economic
progress is infrastructure development, which has become synonymous with
economic and overall development. As per the American Society of Civil
Engineers (ASCE), approximately $3.6 trillion is required by the end of the
2020 to develop the infrastructure of the United States. Similarly, Canadian
government has proposed an investment of $852 million for public transit
infrastructure by the end of 2016. With increasing government’s focus on
infrastructural development, construction activities across the world are
expected to increase, thereby aiding the demand for cement, globally. Cement
industry, being one of the major consumers of specialty lubricants, is
anticipated to generate huge demand for specialty lubricants across the globe
during forecast period.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=775
Customers can also request for
10% free customization on this report.
“With changing consumption
patterns and increasing competitiveness in the market, the production process
and end products are becoming technologically advanced. To meet the business
needs and maintain the profitability of business processes, the technological
advanced lubrication solutions have become the need of an hour. Specialty
lubricants, which are formulated with superior raw materials, are becoming the
most preferred type of lubricants across the world.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Specialty Lubricants Market By
Type, By End Use, By Region Competition Forecast and Opportunities, 2011 – 2025” has
evaluated the future growth potential of global specialty lubricants market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyses the emerging trends along with essential drivers,
challenges and opportunities in global specialty lubricants market.
About TechSci Research
TechSci Research is a leading global market research firm
publishing premium
market research reports.
Serving 700 global clients with more than 600 premium market research studies,
TechSci Research is serving clients across 11 different industrial verticals.
TechSci Research specializes in research based consulting assignments in high
growth and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]