NEW YORK, May 10, 2016 /PRNewswire/ -- The Asia-Pacific lubricants market is segmented on the basis of type, application, and geography. The market data is provided with respect to volume (Tons) and value (USD Million). The Asia-Pacific Lubricants market was estimated at USD 70,555.2 million in 2015, and is projected to grow at a CAGR of 3.3% from 2015 to 2020.
The Asia-Pacific lubricants market has been analyzed based on the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to raw materials, manufacturers, and end users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players which are contributing to the growth of Asia-Pacific lubricants market.
Based on different applications, the Asia-Pacific lubricants market is segmented into transportation and industrial machinery & equipment. On the basis of type, the market covers mineral oil lubricants, synthetic lubricants, bio-based lubricants, and greases. The mineral oil segment dominated this market having accounted for a share of 75.0% in 2014. The market in China dominates the Asia-Pacific lubricants market in terms of volume, having accounted for a share of 63.1% in 2014. This growth is attributed to the rising demand of lubricants across various industries, such as transportation, automobile, and industrial machinery & equipment.
Different companies operating in this market are also profiled in the report. The key companies in this market are Royal Dutch Shell plc (Netherlands), Exxon Mobil Corporation (U.S.), BP plc (U.K.), Chevron Corporation (U.S.), Total S.A. (France), PetroChina Company Limited (China), Sinopec Limited (China), and Idemitsu Kosan Co. Ltd. (Japan). The report also presents a competitive landscape covering different strategies and developments such as joint venture, expansions, mergers & acquisitions, new product developments, and agreements & collaborations adopted by the leading market players over the years.
Factors such as investments in expansion of plant capacities, followed by corporate agreements were the most preferred strategies adopted by the top players in 2011 & 2015 are driving the demand of Asia-Pacific lubricants market.
Scope of the report:
This research report categorizes the Asia-Pacific lubricants market on the basis of applications, type and, geography along with forecasting volume, value, and analyzing trends in each of the sub-markets.
On the basis of application:
- Industrial Machinery & Equipment
On the basis of type:
- Mineral Oil Lubricants
- Synthetic Lubricants
- Bio-Based Lubricants
Each application & type is described in detail in the report with volume and revenue forecasts for each application & type.
On the basis of country:
- South Korea
- Australia & New Zealand
- Rest of Asia-Pacific
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