EUROPE LUBRICANTS MARKET FORECAST 2019-2028

EUROPE LUBRICANTS MARKET FORECAST 2019-2028

  • July 2020 •
  • 205 pages •
  • Report ID: 5932705 •
  • Format: PDF
KEY FINDINGS
The Europe lubricants market is estimated to garner a CAGR of 0.58%, during the forecast period of 2019 to 2028. The overall economic recovery, coupled with an upsurge in demand for metalworking fluids from industrial applications, is anticipated to propel market growth across the forecast years.

MARKET INSIGHTS
The Europe lubricants market growth is assessed across the United Kingdom, Italy, Spain, Russia, France, Turkey, Germany, and the rest of Europe.Germany’s economic growth is impacted by several factors, like trade tensions resulting in reduced exports and tariff conflicts triggered by the United States government.

However, the country is projected to overcome the fluctuations in economic performances, during the forecast period.Germany’s lubricants market is the second-largest market in Europe, primarily because of the country’s strong industrial foundation.

However, the nation’s demand for industrial lubricants is speculated to observe a slow growth in the upcoming years, because of the implementation of higher-performing products.Conversely, the German aerospace industry has witnessed substantial growth over the last two decades and garnered EUR 40 billion in 2018.

Germany’s superior R&D infrastructure and strong manufacturing foundations have encouraged international investors to build unique technologies, catering to future aviation requirements. Thus, the demand for lubricants in the aerospace market is projected to rise, with subsequent growth in the German aerospace market. In July 2017, France approved tenders to develop large scale solar power projects, with an installed capacity of 500 megawatts. The proposals align with the French climate plan objectives of growing the share of renewables, by 2030 and are expected to bolster the need for lubricants. Therefore, the rising demand from numerous end-user industries is predicted to propel the lubricants market in France, across the forecast period.

COMPETITIVE INSIGHTS
Some of the prominent companies in the market comprise, BASF SE, Blaser Swisslube AG, Carl BECHEM GmbH, Exxon Mobil Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. AMSOIL INC
2. BASF SE
3. BHARAT PETROLEUM CORPORATION LIMITED
4. BP PLC
5. BLASER SWISSLUBE AG
6. CARL BECHEM GMBH
7. CHINA NATIONAL PETROLEUM CORPORATION
8. CHINA PETROLEUM & CHEMICAL CORPORATION (SINOPEC)
9. CHEVRON PHILLIPS CHEMICAL COMPANY LLC
10. ENI SPA
11. EXXON MOBIL CORPORATION
12. FUCHS
13. GAZPROM NEFT PJSC
14. GULF OIL CORPORATION LIMITED
15. HPCL
16. IDEMITSU KOSAN COMPANY LTD
17. INDIAN OIL CORPORATION LIMITED
18. ILLINOIS TOOL WORKS INC
19. JX NIPPON OIL & ENERGY CORPORATION
20. KLUBER LUBRICATION
21. SHELL CORP