- Growing use of recycled oil will bring a change in market sentiment, and will drive a new wave of growth in lubricant sector
- Increasing use of synthetic lubricants will increase in market revenue
- Introduction of bio-based lubricants in market will change the market scenario
Increasing Demand for Recycled Oil: Improvements in re-refining process, stringent regulation and better realization of oil prices are the major reasons behind growing momentum of use of recycled oil. Production of base oil from refining crude is a costlier process than re-refining of used oil. In addition, lubricants produced by refining used oil are as per standards of international bodies such as API and ACEA. Synthetic lubricants are preferred over mineral based lubricants since they are known to last longer, augment engine and machinery performance. These lubricants are pure as base oil used for their manufacturing is highly refined. UAE is witnessing increasing demand for synthetic lubricants, particularly for luxury car segment cars in which engine are more compatible with these lubricants.
Focus towards Bio Based Lubricants: Environmental norms and rising awareness among OEMs about harmful effects of conventional lubricants is expected to cause the market of bio-based lubricants to expand rapidly which are environment friendly as they have low content of sulphur and phosphorous residues.
Shift towards Non Oil Based Economy: UAE is likely to have a transition from an oil economy to an economy witnessing robust growth in non-oil sectors such as manufacturing and healthcare. The number of pharmaceutical manufacturing establishments is expected to increase owing to agreement between UAE Ministry of Health and global pharmaceutical giant Jafza for establishing pharmaceutical factories in free zones which will increase the demand for lubricants for machinery employed in pharmaceutical factories and also that of medicinal lubricants.
The report titled provides a comprehensive analysis of the automotive and industrial lubricant market in Thailand. The report covers aspects such as the market size of the Thailand lubricant market, market segmentation on the basis of type (Mineral, Semi-Synthetic and Synthetic), by application (Automotive - Passenger, Commercial, Marine and Aviation; Industrial - Mining, Construction, Manufacturing, Iron and Steel, Agriculture, Electricity, Medical), by distribution channels (OEM Workshops, Dealer Network, Supermarkets, Local Workshops and Online) and by origin of production.
Ken Research announced its latest publication which suggested a rapid growth in the Philippines lubricants market, majorly driven by boosting crude oil imports, thus assisting market players to offer more lubricants in the country. The stakeholders of this report include lubricant manufacturers, dealers, companies involved in research, automotive workshop owners in the Philippines and the new entrants and venture capitalists who wish to invest in lubricant market in future.
The report provides a comprehensive analysis on the automotive and industrial lubricants industry of Nigeria. The report covers various aspects including introduction on Nigeria Lubricants market, value chain, stakeholders in the market, market size by revenue and volume of domestic consumption (2012-2017), overall lubricants market segmentation on the basis of origin, region, types of lubricants, type of application, automotive lubricants market segmentation on the basis of type of oil, type of end users, type of channel of distribution, industrial lubricants market segmentation on the basis of type of oil, type of end users, type of channel of distribution, competition scenario in the industry, shares and company profiles of major players in the market, regulatory framework, trends, developments, drivers and restraints in the lubricants market and SWOT analysis of the industry. The report also includes future outlook for the market (2017-2022) including estimated market size in terms of revenue and in terms of domestic consumption volume.
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