Take Up Global Construction Lubricants Market Opportunities with Clear Industry Data – Includes Construction Lubricants Market Size
The Business Research Company’s report goes into great detail on the construction lubricants market size and growth, construction lubricants market regional analysis, construction lubricants market competitive landscape, and other critical information needed to excel in the construction lubricants industry.
Major players in the construction lubricants market include ExxonMobil Corporation, Royal Dutch Shell, Total Energies SE, China Petrochemical Corporation, Chevron Corporation, PetroChina Company Limited, FUCHS Petrolub SE, Lukoil, Sinopec, Phillips 66 Company, Morris Lubricants, Penrite Oil, Valvoline, Liqui Moly GmbH, ENI SPA, Addinol Lube Oil GmbH, Indian Oil Corporation, Bel Ray Company LLC., Gulf Oil India, and Totalenergies Se.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global construction lubricants market size is expected to grow from $11.14 billion in 2021 to $11.40 billion in 2022 at a compound annual growth rate (CAGR) of 2.41%. The global construction lubricants market size is expected to grow to $13.48 billion in 2026 at a CAGR of 4.28%.
Europe was the largest region in the construction lubrication market in 2021.
The construction lubricants market consists of sales of construction lubricants by entities (organizations, partnerships, and sole proprietors) that are chemical compounds used in machinery and equipment to lower friction between surfaces in contact, consequently lowering the amount of heat generated while the movement on the surface. It can also transfer forces, carry foreign particles, for heating or cooling the surfaces. Lubrication is the application of a friction-reducing layer between moving surfaces in contact to reduce friction and wear. Lubricants can be semi-solid (grease, silicon gels), liquid or fluid (oils), or solid (steel, Teflon, graphite).
A rise in construction and mining activities is significantly contributing to the growth of the construction lubricants market.
The development of zinc-free (ashless) lubricants is a key trend in the construction lubricants industry. Construction lubricants are a type of lubricant used to reduce friction between moving parts or surfaces and to enhance the efficiency of the machines used in the construction industry. Lubricants with zinc levels that are too high have a history of leading to the corrosion of some metals, such as yellow metals, as they chemically attack the metal surfaces, along with environmental harm. Zinc-free lubricants on the other hand, have outstanding ability to prevent wear, rust, foam, oxidation, air, and water entrainment and provide excellent thermal stability.
TBRC’s Global Construction Lubricants Market Report Is Segmented:
By Basis Type: Hydraulic Fluid, Engine Oil, Gear Oil, Automatic Transmission Fluid (ATF), Grease, Compressor Oil
By Base Oil: Synthetic Oil, Mineral Oil
By Application: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Others
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Construction Lubricants Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the construction lubricants market globally and regionally, analyzes and forecasts market size, share, construction lubricants market players, construction lubricants market segments, leading competitor revenues, profiles and market shares.
Here Is A List Of Similar Reports From The Business Research Company:
Interested To Know More About The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: