A lubricant is a substance, usually organic, introduced to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also have the function of transmitting forces, transporting foreign particles, or heating or cooling the surfaces. The property of reducing friction is known as lubricity.
This report contains market size and forecasts of Heavy Equipment Lubricants in global, including the following market information:
Global Heavy Equipment Lubricants Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Heavy Equipment Lubricants Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Heavy Equipment Lubricants companies in 2021 (%)
The global Heavy Equipment Lubricants market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Engine Oil Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Heavy Equipment Lubricants include BP, Chevron, Exxon Mobil, Indian Oil, JX Nippon, Lukoil, Shell, Total and Idemitsu Kosan, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Heavy Equipment Lubricants manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Heavy Equipment Lubricants Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Heavy Equipment Lubricants Market Segment Percentages, by Type, 2021 (%)
Engine Oil
General Industrial Oil
Gear Oil
Transmission and Hydraulic Fluids
Others
Global Heavy Equipment Lubricants Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Heavy Equipment Lubricants Market Segment Percentages, by Application, 2021 (%)
Mining
Agriculture
Construction
Others
Global Heavy Equipment Lubricants Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Heavy Equipment Lubricants Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Heavy Equipment Lubricants revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Heavy Equipment Lubricants revenues share in global market, 2021 (%)
Key companies Heavy Equipment Lubricants sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Heavy Equipment Lubricants sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BP
Chevron
Exxon Mobil
Indian Oil
JX Nippon
Lukoil
Shell
Total
Idemitsu Kosan
FUCHS
Sinopec
CNPC