Market Research Report on Global Mineral-Oil-Based Lubricants Market 2015-2019

Bharat Book Bureau provides the report, on “Market Research Report on Global Mineral-oil-based Lubricants Market 2015-2019” They are used in various industries such as automotive, industrial machinery, textile, food and beverage, plastic, and chemicals.

https://www.bharatbook.com/oil-gas-market-research-reports-733395/global-mineral-oil-based-lubricants.html

30th Dec 2015- Mumbai, India: Bharatbook.com announces a report on “Market Research Report on Global Mineral-oil-based Lubricants Market 2015-2019” The report discusses the major drivers that influence the growth of the market.

About mineral oil-based lubricants

Lubricants are used to reduce friction between two surfaces of equipment or components. They are usually in oil, semi-fluid, or solid state. Superior-quality lubricants have high thermal stability, high boiling point, low freezing point, and high viscosity index, which help to reduce the friction between machine parts for increased operational efficiency.

Mineral oil-based lubricants are derived from crude oil by distillation, solvent extraction, and the cracking process. Base oils (group I, II, and III) obtained from refining crude oil are used to manufacture mineral oil lubricants. These base oils differ from each other in terms of sulfur content, viscosity index, and saturates. Group I base oil is the least processed base oil and hence, has the lowest quality. Several types of mineral oil-based lubricants are available in the market, including engine oils, process oils, hydraulic fluids, turbine oils, tractor fluids, gear oils, and metal working fluids. They are used in various industries such as automotive, industrial machinery, textile, food and beverage, plastic, and chemicals.

This report analysts forecast the global mineral oil-based lubricants market to grow at a CAGR of 2% during the period 2014-2019.

Covered in this report

This research report covers the present scenario and the growth prospects of the global mineral...