Rising Demand from the Automotive Sector to Propel Global Lubricants Market to Expand at a Cagr of 1.72% During the Forecast Period 2014 to 2020.Pdf

Transparency Market

Research

Technology Trends in Lubricants Market- Global

Industry Analysis, Size, Share, Forecast 2018

Published Date

20-Oct-2013

150 Page Report

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Press Release

Rising Demand from the Automotive Sector to Propel Global Lubricants

Market to Expand at a CAGR of 1.72% during the Forecast Period 2014 to

2020:TMR

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Technology Trends in Lubricants Market

REPORT DESCRIPTION

Technology Trends in Lubricants (Mineral, Synthetic, and Bio-based)

Market for Turbine Oil, Compressor Oil, Gear Oil, Hydraulic Oil,

Bearing Oil and Heat Transfer Fluid Lubricant Applications - Global

Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 2018

According to a recently released research study by Transparency Market Research (TMR), the global

lubricants market is estimated to grow at a CAGR of 1.72% between the years 2014 and 2020. TMR,

a U.S.-based market intelligence company, mentions in its research report that the global lubricants

market, which had a capacity of 39140.12 kilo tons in 2013, is expected to reach a capacity of

44165.11 kilo tons by the year 2020. The report is titled ‘Technology Trends in Lubricants Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018’.

According to this market research report, the global lubricants market is primarily fueled by the

growing automotives market. Lubricants refer to substances that are used for reducing friction

between moving surfaces, thereby ensuring a smoother mechanical performance. The market for biobased lubricants is witnessing robust growth due to government support that promotes the

consumption of bio-based lubricants which help in reducing the emission of greenhouse gases. Water

separation characteristics, viscosity index, low volatility, thermal and oxidation...