Global Asphalt, Lubricating Oil And Grease Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Asphalt, Lubricating Oil And Grease Market Report by The Business Research Company covers asphalt, lubricating oil and grease market drivers and restraints, asphalt, lubricating oil and grease market size, major players, and the impact of COVID-19 on the asphalt, lubricating oil and grease market.
The asphalt, lubricating oil and grease market consists of sales of asphalt, lubricating oil and grease by entities (organizations, sole traders or partnerships) that produce block asphalt, asphalt paving mixture, asphalt shingle, coating materials, petroleum lubricating oil and grease. Asphalt is a sticky, black and highly viscous liquid or semi-solid form of petroleum used for surfacing roads, flooring, and roofing. The asphalt, lubricating oil and grease market is segmented into asphalt and other petroleum products.
The global asphalt, lubricating oil and grease market is expected to grow from $254.02 billion in 2020 to $308.13 billion in 2021 at a compound annual growth rate (CAGR) of 21.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $437.25 billion in 2025 at a CAGR of 9%.
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Some asphalt, lubricating oil and grease market trends include producers offerings petroleum-based lubricants that are bio-based lubricants to address the concerns associated with the impact of lubricants on the environment. Bio-based lubricants are formulated with renewable or biodegradable materials. Vegetable oils are one of the major components for bio-based lubricants. Vegetable oils offer high lubricity, viscosity and thermal stability. They have a higher flash point of 326°C as compared to flash point of 200°C for mineral oils. Lubricants produced from vegetable oils include tractor transmission hydraulic fluid, industrial hydraulic fluids for process and machinery applications, food-grade hydraulic fluids and greases, greases for use in automotive, railroad and machinery applications, chainsaw bar oil, gear lubes, compressor oil, and transformer and transmission line cooling fluids.
Global asphalt, lubricating oil and grease market segments include:
1) By Type: Asphalt, Other Petroleum Products.
2) By End Use Industries: Power Generation, Transport, Metallurgy & Metalworking, Food & Beverage, Chemical, Others.
Subsegments Covered: Asphalt Paving Mixtures And Blocks, Prepared Asphalt And Tar Roofing And Siding Products, Roofing Asphalts And Pitches, Coatings And Cements.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global asphalt, lubricating oil and grease market, accounting for 37% of the market.
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The Asphalt, Lubricating Oil And Grease Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides asphalt, lubricating oil and grease market overviews, analyzes and forecasts market size, share, asphalt, lubricating oil and grease market players, asphalt, lubricating oil and grease market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The asphalt, lubricating oil and grease identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Asphalt, Lubricating Oil And Grease Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Royal Dutch Shell, BP PLC, Gazprom Neft, CRH Plc, Owens Corning Sales LLC
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Asphalt, Lubricating Oil And Grease Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Asphalt, Lubricating Oil And Grease Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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