|[February 05, 2014]
Research and Markets: Concise Analysis on Technology Trends in the International Lubricants Market - Forecasts to 2018
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/6k2jjj/technology_trends)
has announced the addition of the "Concise
Analysis on Technology Trends in the International Lubricants Market -
Forecasts to 2018" report to their offering.
Lubricants can be mainly divided into three product segments including
mineral, synthetic and bio-based lubricants. Bio-based lubricants are
renewable and biodegradable in nature and are manufactured from either
vegetable (palm oil, castor oil, sunflower) or animal derived oils.
Being more eco-friendly, bio-based lubricants are expected to grow at a
higher rate than mineral oils and are expected to gain market share over
the next six years.
Owing to their unique chemical, mechanical, and eco-friendly properties,
bio-based lubricants are finding applications across a host of
industries including automotive, agriculture, shiping, forestry, and
railways. Increasing automobile demand is fueling the demand for
lubricants. Regulatory sanctions on mineral lubricants owing to their
environmental impact are encouraging the utilization for bio-based
lubricants. Governments are promoting development and use of bio
lubricants to lower the emission of greenhouse gases and energy
consumption as per regulations.
There are several regulations and policies that exist in favor of
bio-lubricants in European and North American countries. However,
volatility in mineral oil prices and high cost of bio-based and
synthetic lubricants are posing a challenge to the market. Turbine oil,
compressor oil, gear oil, hydraulic oil, bearing oil, heat transfer
fluid, nanomaterials based lubrication and re-refined base oils and
lubricants are the major contributors to the lubricants market.
Asia Pacific is the leading market for lubricants, owing to strong
demand emerging from growing economies of China and India. Asia Pacific
accounted for approximately 40.2% of the total lubricants demand in 2011.
Key Topics Covered:
2 Executive Summary
3 Lubricants Market - Industry Analysis
4 Lubricants Market - Product Segment Analysis
5 Lubricants Market - Technology Trends
6 Lubricants Market - Regional Analysis
7 Company Profiles
Chevron (News - Alert)
China Petroleum & Chemical Corporation
Royal Dutch Shell
For more information visit http://www.researchandmarkets.com/research/6k2jjj/technology_trends
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