With a market size valued at $ 17 billion by 2026, this is a healthy prospect for the global construction lubricants market.
FACTS AT A GLANCE
Editing: 4; Posted: April 2021
Executive pool: 534
Companies: 48 – Actors covered include Addinol Lube Oil GmbH; Bel-Ray Company LLC. ; British Petroleum (BP); Chevron Corporation; ENI SPA; Exxonmobil; Fuchs Petrolub SE; Indian oil company; Liqui Moly GmbH; Lukoil and others.
Blanket: All major geographies and key segments
Segments: Base oil (mineral oil, synthetic oil); Product type (hydraulic fluid, engine oil, gear oil, ATF, compressor oil, grease, other types of products)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Construction Lubricants Market To Reach $ 17 billion by 2026
Amid the COVID-19 crisis, the global construction lubricants market is estimated at US $ 13.2 billion in 2020, is expected to reach a revised size of US $ 17 billion by 2026, with a CAGR of 4.3% over the analysis period. Mineral oil, one of the segments analyzed in the report, is expected to register a CAGR of 4.4% and reach US $ 11.8 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the synthetic oils segment is readjusted to a revised CAGR of 3.9% for the next 7 year period.
The US market is estimated at $ 3.7 billion in 2021, when China is expected to reach $ 3.4 billion by 2026
The construction lubricants market in the United States is estimated at US $ 3.7 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 3.4 billion US dollars by 2026, with a CAGR of 6.9% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 2.5% and 3.4% respectively over the period of analysis. In Europe, Germany is expected to grow at around 3.1% CAGR. Following
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