There were 775 press releases posted in the last 24 hours and 173,328 in the last 365 days.

Global Heavy Equipment Lubricants Market Outlook, 2019 to 2024 - Growing Usage of High-Performance Lubricants in the Construction & Mining Sectors

/EIN News/ -- Dublin, June 13, 2019 (GLOBE NEWSWIRE) -- The "Heavy Equipment Lubricants Market - Growth, Trends, and Forecast (2019-2024)" report has been added to's offering.

The heavy equipment lubricants market is projected to register a CAGR of over 1.9% during the forecast period 2019-2024.

  • The major factors driving the growth of the heavy equipment lubricants market are the increasing manufacturing activities in the Asia-Pacific region and the growing usage of high-performance lubricants in the construction and mining sectors.
  • The shifting focus towards dry machining & minimum quantity lubrication is acting as a restraint to the market.
  • The industrial growth in the middle east & africa and increase in the exploration of natural gas are likely to act as an opportunity to the heavy equipment lubricants market in the forecast period.

Key Market Trends

Greases to Witness Steady Growth

  • Greases used in the heavy equipment lubricants are expected to witness consistent growth in the coming years. This can be attributed to the increasing demand from the growing construction industry, majorly in the Asia-Pacific and Middle East regions.
  • Governments in countries, such as China and India are introducing new projects for the development of infrastructure, along with providing incentives for growth in FDI. The construction industry in Qatar is growing at a strong rate with booming public infrastructure sector.
  • The FIFA World Cup 2022 is expected to create a huge potential for the heavy equipment and machinery used in the country. Kuwait, Algeria, and Morocco have a similar trend of moderately high growth rate during the forecast period. Iran is also expected to have higher growth in the construction sector, with an average growth rate, during the forecast period. The lifting of international sanctions has given a boost to the infrastructure activities in the country with an easier trade-off.
  • Overall, the demand for greases is anticipated to grow with the growing end-user industries.

China to Dominate the Asia-Pacific Market

  • In 2018, China's lubricants market amounted to about 7.2 million tons, making it the world's largest lubricant demanding country. India's lubricant market amounted to 1.6 million tons, followed by Japan 1.3 million ton.
  • China has spent around USD 570 billion on railway projects, between 2013 to 2017. Between 2013 and 2017, 29,400 km of new tracks were built in the country. The country has spent about USD 106 billion in 2018 on railway projects, to continue building the leading rail system in the world.
  • The Chinese government has announced its plans to spend about USD 120 billion on railway projects in 2019, of which, a major allocation is for high-speed rail systems.
  • In the real estate sector, China has shown volatile growth. Nevertheless the country has seen substantial development in rail & road infrastructure by the Chinese government (in order to withstand the demand stemming from the growing industrial and service sectors) has resulted in significant growth of the Chinese construction industry in the recent years, in turn, driving the consumption of heavy equipment lubricants.
  • In recent years, the entry of major construction players (from the European Union) in China has further fuelled the growth of heavy equipment lubricants market.

Competitive Landscape

The global heavy equipment lubricants market is fragmented in nature. The major companies include BP p.l.c., Chevron U.S.A. Inc., Exxon Mobil Corporation, Shell, and China National Petroleum Corporation.

Key Topics Covered

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Drivers
4.1.1 Increasing Manufacturing Sector in Asia-Pacific
4.1.2 Growing Usage of High-performance Lubricants
4.2 Restraints
4.2.1 Shifting Focus Towards Dry Machining & Minimum Quantity Lubrication
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis

5.1 Product
5.1.1 Engine Oil
5.1.2 Transmission & Hydraulic Fluids
5.1.3 General Industrial Oils
5.1.4 Gear Oil
5.1.5 Greases
5.1.6 Others
5.2 End-user Industry
5.2.1 Construction
5.2.2 Mining
5.2.3 Agriculture
5.2.4 Others
5.3 Geography
5.3.1 Asia-Pacific China India Japan South Korea Philippines Indonesia Malaysia Thailand Vietnam Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico Rest of North America
5.3.3 Europe Germany United Kingdom Italy France Russia Turkey Spain Rest of Europe
5.3.4 South America Brazil Argentina Chile Colombia Rest of South America
5.3.5 Middle East & Africa Saudi Arabia Iran Iraq UAE Kuwait Rest of Middle East & Africa
5.3.6 Africa Egypt South Africa Nigeria Algeria Morocco Rest of Africa

6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 BP PLC
6.4.2 Chevron U.S.A. Inc.
6.4.3 China Petroleum & Chemical Corporation
6.4.4 ExxonMobil Corporation
6.4.5 FUCHS
6.4.6 Gazprom Neft PJSC
6.4.7 Gulf Oil Corporation Limited
6.4.8 Idemitsu Kosan Co. Ltd.
6.4.9 Indian Oil Corporation Ltd.
6.4.10 JX Nippon Oil & Energy Corporation
6.4.11 Lukoil
6.4.12 Quepet Lubricants
6.4.13 Royal Dutch Shell PLC
6.4.14 Total

7.1 Industrial Growth in Middle East & Africa
7.2 Increase in the Exploration of Natural Gas

For more information about this report visit

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

         Laura Wood, Senior Press Manager
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Heavy Machinery, Lubricants and Greases