Categories: Market Research

Construction Lubricants Market Size and Forecast 2024-2033|ExxonMobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, China Petrochemical Corporation (Sinopec), Chevron Corporation

Overview and Scope

Construction lubricants 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.

Sizing and Forecast

The construction lubricants market size has grown strongly in recent years. It will grow from $12.97 billion in 2023 to $13.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%.  The  growth in the historic period can be attributed to infrastructure boom, urbanization trends, industrialization, global economic growth.

The construction lubricants market size is expected to see strong growth in the next few years. It will grow to $18 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.  The growth in the forecast period can be attributed to smart construction practices, sustainable construction, digitalization in construction equipment, emerging markets. Major trends in the forecast period include green lubricants, customized formulations, collaborations and partnerships, rise of synthetic lubricants, market expansion in asia-pacific.

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/construction-lubricants-global-market-report

Segmentation & Regional Insights

The construction lubricants market covered in this report is segmented –

1) By Basis Type: Hydraulic Fluid, Engine Oil, Gear Oil, Automatic Transmission Fluid (ATF), Grease, Compressor Oil

2) By Base Oil: Synthetic Oil, Mineral Oil

3) By Application: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Applications

Europe was the largest region in the construction lubrication market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction lubricants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=5980&type=smp

Major Driver Impacting Market Growth

A rise in construction and mining activities is significantly contributing to the growth of the construction lubricants market. Construction lubricant is a substance that lowers friction between surfaces in contact, consequently lowering the amount of heat generated while the movement on the surface. Lubricating oil is largely used in marine engines, automobiles, and other machinery. For instance, the mining and construction equipment industry in India is likely to grow by 15-20% in the calendar year 2021 and 5-10% in the year 2022. The first quarter of 2021 is estimated to have reported a strong equipment demand growth of 45-50%. These factors are expected to significantly drive the construction lubricants market.

Key Industry Players

Major companies operating in the construction lubricants market report are ExxonMobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, China Petrochemical Corporation (Sinopec), Chevron Corporation, PetroChina Company Limited, FUCHS Petrolub SE, PJSC LUKOIL, China Petroleum & Chemical Corporation (Sinopec), Phillips 66 Company, Morris Lubricants, Penrite Oil, Valvoline Inc., Liqui Moly GmbH, Eni S. p. A., Addinol Lube Oil GmbH, Indian Oil Corporation Limited, Bel Ray Company LLC., Gulf Oil India, Royal Dutch Shell plc, Petroliam Nasional Berhad (Petronas), BP p. l. c., Gazprom Neft, Idemitsu Kosan Co. Ltd., JXTG Nippon Oil & Energy Corporation, Quaker Chemical Corporation, The Lubrizol Corporation, Warren Oil Company Inc., Klüber Lubrication, Schaeffer Manufacturing Co.

The construction lubricants market report table of contents includes:

1. Executive Summary

2. Construction Lubricants Market Characteristics

3. Construction Lubricants Market Trends And Strategies

4. Construction Lubricants Market – Macro Economic Scenario

5. Global Construction Lubricants Market Size and Growth

.

.

.

26. South America Construction Lubricants Market

27. Brazil Construction Lubricants Market

28. Middle East Construction Lubricants Market

29. Africa Construction Lubricants Market

30. Construction Lubricants Market Competitive Landscape And Company Profiles

Top Major Players:

  • ExxonMobil Corporation
  • Royal Dutch Shell plc
  • TotalEnergies SE
  • China Petrochemical Corporation (Sinopec)
  • Chevron Corporation

Explore the trending research reports from TBRC:

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

11 hours ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

11 hours ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

11 hours ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

11 hours ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

11 hours ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

11 hours ago