ASEAN, GCC, India, Africa lubricants Market Research Report – Forecast to 2030

ASEAN, GCC, India, Africa Lubricants Market Research Report Information: Base Oil (Mineral Oil) Application (Automotive) End-user (Energy) – Forecast Till 2030

ID: MRFR/CnM/4733-CR | 100 Pages | Author: Chitranshi Jaiswal | July 2018         

Global Lubricants Market Speak to Analyst Request a Free Sample

ASEAN, GCC, India, Africa Lubricants Market

ASEAN, GCC, India, Africa Lubricants Market Is Anticipated To Touch USD 32,633.9 Million By 2030 With Expected To Exhibit A 4.40% CAGR During The Assessment Period (2021-2030)

Segmentation
By Base Oil Mineral Oil
By Application Automotive
By End-user Energy
Key Players
Companies Profiled   PetroChina Company Ltd.   Morris Lubricants   Indian Oil Corporation Limited   Calumet Specialty Products Partners   L.P   Quaker Chemical Corporation   AMSOIL INC.   Valvoline Inc.   Sinopec Corporation   Lucas Oil Products Inc.   Phillips 66 Company   Yushiro Chemical Industry   Chevron Corporation
Drivers
Market Driving Forces   Massive demand of lubricants from the automotive sector
Request a Free Sample

The ASEAN, GCC, India, Africa lubricants market is anticipated to touch USD 32,633.9 million by 2030, as per an insightful report by Market Research Future (MRFR). It is expected to exhibit a 4.40% CAGR during the assessment period (2021-2030). Increasing demand for lubricants from the automotive sector in the Association of Southeast Asian Nations (ASEAN) and South Africa regions is expected to drive market growth over the forecast period. Expansion of various industries is likely to induce demand for lubricants for the smooth functioning of machinery.


Lubricants are liquids designed to reduce the wear and tear of various parts during runtime. It can ensure smooth functioning of machines at peak speeds with reliability and efficiency. These lubricants cater to needs of automotive and industrial sectors. Investments by players from India and Africa to acquire oilfields to lower crude prices can facilitate market growth. Increasing demand for agricultural equipment in Africa can open up growth opportunities for the market.


Rising environmental concerns regarding the disposal and recycling of lubricants can act as a growth deterrent for the market. Prevalence of electric vehicles is another looming threat which can negatively affect the market.


Report Overview


This report allows the user to gain a deeper understanding of the ongoing events and trends in the ASEAN, GCC, India, Africa market for lubricants. By correlating the historical data with key market dynamics, our analysts were able to make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the ASEAN, GCC, India, Africa lubricants market segmented by base oil, application, end-user, and region with astute insights. This report has been prepared to assist industry participants in making informed decisions on growth strategies and operation management. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.


Segment Overview


By base oil, the ASEAN, GCC, India, Africa lubricants market has been segmented into mineral oil, synthetic oil, and bio-based oil.  The mineral oil segment valuation is anticipated to touch USD 25,417.2 million by 2023. The role of mineral oil as a coolant in insulators and transformers can act as a catalyst to segment growth. This segment can display a 4.20% CAGR over the forecast period. The bio-based oil segment valuation can reach USD 953.1 million by 2023.


By application, the market is segmented into automotive and industrial. The former is sub-segmented into engine oil, gear oil, transmission fluids, coolants, break oil, and greases. The latter is similarly segmented into greases, compressor oil, general industrial oil, process oil, turbine oil, hydraulic oil, industrial engine oil, metalworking fluids, and others. The automotive application segment is touted to grow at a robust CAGR of 4.35% during the forecast period. Rise in trading, sales of motor vehicles, and increase in expendable income levels of consumers are factors likely to augur segment growth over the forecast period.


By end-user, the market is segmented into food processing, construction and mining, metal production, cement production, textile, general industrial manufacturing, chemical manufacturing, and energy. The energy segment accounted for 24.2% share of the market. It can reach a projected valuation of USD 7,277.9 million by 2023 by growing at a 4.64% CAGR over the forecast period.


The segments and sub-segments covered in the report are analyzed under four major regions – ASEAN, Gulf Cooperation Council (GCC), India, and Africa, with respective country-level market sizing. For the scope of research, the standard definition of the product/service “lubricant” is included in the report. The report discusses and interprets the current and future opportunities of the industry by delivering an unbiased growth assessment.


Players Covered


PetroChina Company Ltd., Morris Lubricants, Indian Oil Corporation Limited, Calumet Specialty Products Partners, L.P, Quaker Chemical Corporation, AMSOIL INC., Valvoline, Inc., Sinopec Corporation, Lucas Oil Products, Inc., Phillips 66 Company, Yushiro Chemical Industry, Chevron Corporation, BP Plc, Exxon Mobil Corporation, Lukoil, Petronas, Clariant, Fuchs Petrolub SE, Rock Valley Oil and Chemical Co., Gulf Oil India, Royal Dutch Shell Plc, Total S.A., and others are noteworthy players in the ASEAN, GCC, India, Africa lubricants market. Players in the market are focusing on strengthening their supply chain by acquiring oilfields and expanding their product offerings to cater to demands from various industrial sectors.


The report offers comprehensive profiles on these market players and assesses their current standing in the ASEAN, GCC, India, Africa lubricants market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.


Research Methodology


Market Research Future (MRFR) uses a combination of primary and secondary research to compile market reports. Primary data is accumulated from interviewing industry stalwarts and secondary research is collated by studying white papers and annual reports of leading players. Our analysts use top-down and bottom-up approaches to validate the findings of the report. The report comprises news, current trends, and future prospects related to the market, all of which can provide a thorough understanding of the market to clients. Industry leaders can make accurate business decisions based on our insights.


Analysis Period



  • Base Year - 2020

  • Projection Period - From 2021 to 2030

  • Market Denomination - USD Million

  • Volume Unit - Kilotons

  • Conversion Rate - Considered as per the respective financial years


Intended Audience



  • Associations

  • Government

  • Lubricants manufacturers

  • Suppliers and distributors

  • Potential investors

  • Raw material suppliers

  • End Use Industries


For the scope of research, the report offers a comprehensive analysis of the ASEAN, GCC, India, Africa lubricants market.


Base Oil



  • Mineral oil

  • Synthetic oil

  • Bio-based oil


Application



  • Automotive

    • Transmission Fluids

    • Break Oil

    • Greases

    • Coolants

    • Engine Oil

    • Gear Oil



  • Industrial

    • Hydraulic oil

    • Process oil

    • Industrial engine oil

    • Turbine oil

    • Greases

    • General industrial oil

    • Compressor oil

    • Metalworking fluids

    • Others




End-user



  • Food Processing

  • Construction & Mining

  • Metal Production

  • Cement Production

  • Textile

  • General Industrial Manufacturing

  • Chemical Manufacturing

  • Energy


Region



  • ASEAN; Vietnam, Malaysia, Thailand, Singapore, Indonesia, Rest of ASEAN

  • GCC; Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain

  • India;

  • Africa; South Africa, Nigeria, Tanzania, Kenya, Egypt, Ghana, Rest of Africa



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 32,633.9 million 20030
  CAGR   4.40% 2030
  Base Year   2021
  Forecast Period   2021-2030
  Historical Data   2019Β &Β 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Base Oil, Application, End-user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   PetroChina Company Ltd., Morris Lubricants, Indian Oil Corporation Limited, Calumet Specialty Products Partners, L.P, Quaker Chemical Corporation, AMSOIL INC., Valvoline, Inc., Sinopec Corporation, Lucas Oil Products, Inc., Phillips 66 Company, Yushiro Chemical Industry, Chevron Corporation, BP Plc, Exxon Mobil Corporation, Lukoil, Petronas, Clariant, Fuchs Petrolub SE, Rock Valley Oil and Chemical Co., Gulf Oil India, Royal Dutch Shell Plc, Total S.A.,
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Massive demand of lubricants from the automotive sector


Frequently Asked Questions (FAQ) :

The ASEAN, GCC, India, Africa lubricants market is expected to touch USD 32,633.9 million by 2030.

The ASEAN, GCC, India, Africa lubricants market can exhibit 4.40% CAGR from 2021-2030.

Massive demand of lubricants from the automotive sector can drive the ASEAN, GCC, India, Africa lubricants market.

Disposal of lubricants and production of electric vehicles are threats for the ASEAN, GCC, India, Africa lubricants market.

The automotive application in the ASEAN, GCC, India, Africa lubricants market can exhibit 4.53% CAGR from 2021 to 2030.

Morris Lubricants, Valvoline, Inc., Sinopec Corporation, Lukoil, Calumet Specialty Products Partners, L.P, Chevron Corporation, Total S., Exxon Mobil Corporation, Fuchs Petrolub SE, Phillips 66 Company, Gulf Oil India, Lucas Oil Products, Inc., Yushiro Chemical Industry, Royal Dutch Shell Plc, AMSOIL INC., PetroChina Company Ltd., Clariant, BP Plc, Rock Valley Oil and Chemical Co., Quaker Chemical Corporation, Petronas, Indian Oil Corporation Limited are the key players in the ASEAN, GCC, India, Africa lubricants market.

Key Questions Answered

  • ✅ Global Market Outlook
  • ✅ In-depth analysis of global and regional trends
  • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
  • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
  • ✅ Identify disrupting products, companies, and trends.
  • ✅ To identify opportunities in the market.
  • ✅ Analyze the key challenges in the market.
  • ✅ Analyze the regional penetration of players, products, and services in the market.
  • ✅ Comparison of major players’ financial performance.
  • ✅ Evaluate strategies adopted by major players.
  • ✅ Recommendations
Request Free Sample

Why Choose Market Research Future?

  • ✅ Vigorous research methodologies for specific market.
  • ✅ Knowledge partners across the globe
  • ✅ Large network of partner consultants.
  • ✅ Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • ✅ Trusted by fortune 500 companies/startups/universities/organizations
  • ✅ Large database of 5000+ markets reports.
  • ✅ Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response
Invalid