A lubricant is a substance, usually organic, introduced to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also have the function of transmitting forces, transporting foreign particles, or heating or cooling the surfaces. The property of reducing friction is known as lubricity.
Vibration, mechanical stress, contamination, and moisture are all threats to any machine in the oil & gas industry. All the moving parts in the equipment’s need lubrication to function optimally. Lubricating oils (engine oil, gear oil, and hydraulic oils) offer solutions for drilling operations (for crude oil and natural gas extraction). They protect the equipment from an array of challenges like friction, high temperatures, adulteration from water, leaking oil, slurry and froth formation, and oxidation due to moisture. Excessive grease can cause additional issues and difficulties. These challenges result in maintenance downtime which is undesirable. The downtime is due to decreased engine life, lack of lubrication and replacement of parts. All of these leads to decrease in production. Use of proper lubricants allows the equipment’s to run without maintenance downtime thus increasing its operational productivity.
In 2019, the market size of Lubricants in the Oil and Gas is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Lubricants in the Oil and Gas.
This report studies the global market size of Lubricants in the Oil and Gas, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Lubricants in the Oil and Gas production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ExxonMobil
Klüber Lubrication
Lubrication Engineers, Inc.
Chevron
RS Clare & Co Ltd
The Chemours Company
FUCHS
...
Market Segment by Product Type
Diesel Engine Oils
Greases
Hydraulic Fluids
Compressor Oils
Others
Market Segment by Application
Onshore & Offshore Drilling
FPSO
Refining
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Lubricants in the Oil and Gas status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Lubricants in the Oil and Gas manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Lubricants in the Oil and Gas are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Lubricants in the Oil and Gas. Industry analysis & Market Report on Lubricants in the Oil and Gas is a syndicated market report, published as Global (United States, European Union and China) Lubricants in the Oil and Gas Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Lubricants in the Oil and Gas market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.