The report titled “Global Lubricants and Base Oil Market: Trends & Opportunities (2014 Edition)” analyzes the global lubricants and base oil market, with exhaustive discussion on demand of lubricants in different region across the globe in volume terms. The key market challenges recognized by the analysts and the major trends of lubricants and base OLL market are presented In the report. Further, key manufacturers of lubricants like Exxon, Shell, Chevron and HP are profiled In the report. Segments Coverage Automotive Lubricants Industrial Lubricants
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Process Oils Metalworking Fluid/Corrosion Preventives and Greases Regional Coverage North America Latin America Asia Pacific Africa Middle East Company Coverage Exxon Mobil Corporation Royal Dutch Shell ply Chevron Corporation Hindustan Petroleum Corporation Limited (HP) Browse Full Report With TCO: http://www. Nonrepresentational. Biz/analysis/217905 Executive Summary For the lubricants industry, the year 2013 was characterized by oversupply conditions, as companies continued to increase their production capacities while the demand remained stagnant.
Asia Pacific is the largest lubricants market followed by North America, Latin America, Eastern Europe, Western Europe, Africa and Middle East. China and India remain the key focus for a number of global lube players for their growth strategy. The automotive lubricants segment Is the largest followed by Industrial oils, metalworking fluids/corrosion preventives, greases and process oils. Sales, increasing emissions and vehicle safety regulations and rapid industrialization. Bio lubricants and synthetic lubricants are also becoming popular.
The lubricant market is dominated by the oil majors. Some of the leading companies operating in the global lubricants market include Royal Dutch Shell, Exxon Mobil Corporation, British Petroleum, Total, Chevron Corporation, Fuchs Lubricants, Petrochemical and Since. Among the base oils, Group I Base Oil accounts for more than half of the total base oil production, but the trend towards better and efficient lubricants is resulting in substitutability of Group I to Group II and Group Ill base oils.