Global Independent Lubricant Manufacturers Market is expected to reach 5,432.0 kilo tons by 2019 | Page 2

Independent Lubricant Manufactures Market

REPORT DESCRIPTION

Independent Lubricant Manufacturers Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
The global independent lubricant manufacturers market is led by Fuchs Lubricants in 2012,
states a new report by Transparency Market Research. The company is focusing on expanding their
business through establishing plants across the globe. Other players in the market are not
necessarily those with their own refineries. Many independent lubricant manufacturers source their
base oil from other suppliers such as oil refineries and petroleum companies. Players are focusing on
marketing and manufacturing high performance products. The development of sustainable products
for end user industries will be another area of interest for independent lubricant manufacturers across
the globe. Some of the other key players in the market are Carlube, Motul, Liqui Moly, Pentosin, UnilOpal, Torco, Amsoil, Royal Purple, and Red Line.
According to the report, the global independent lubricant manufacturers market is expected to be
worth nearly US$8.5 bn by 2019. On the basis of product, the market is segmented into automotive
lubricants and industrial lubricants. Of these, the automotive industry is anticipated to witness a
significant growth in the coming years. However, in the past, the industrial lubricants segment has led
in the market. By geography, the global independent lubricant manufacturers market is segmented
into Asia Pacific, Europe, North America, and the Rest of the World. Asia Pacific led in terms of
contributing the maximum, in terms of revenue in the past, followed by North America and Europe. By
end user, the market is segmented into EM units, mining industry, steel industry, and agriculture.

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Rising Demand from Automobile Sector to Drive Growth of Independent Lubricant
Manufacturers Market
The primary driver of the global independent lubricant manufacturers market is the heightened
applications of lubricants in the automotive sector. Another factor fueling the growth of the market is
the demand for bio-based alternatives, In addition to this, independent lubricant manufacturers are
providing technical assistance, which is also aiding the growth of the market. Moreover, players are

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Transparency Market Research