Independent Lubricant Manufacturers Market -
Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025
Global Independent Lubricant Manufacturers Market: Snapshot
Independent lubricant manufacturers usually do not have their own refineries. They
purchase base oils from major oil suppliers. Manufacturers then blend these oils
with additives to make lubricants for industrial manufacturing customers and
automobile makers. Independent lubricant manufacturers primarily focus on
manufacturing and marketing lubricants for specialties and niche businesses.
Independent lubricant manufacturers offer services to end-user industries such as
automotive, aerospace, marine, and industrial. The lubricants required in these end-
user industries chiefly comprise of engine oils, gear oils, hydraulics fluids,
transmission fluids, greases, heat transfer fluids, coolants, and cleaners. Lubricants
are also required in industries such as personal care, agriculture, and railway.
According to the report, the global independent lubricant manufacturers market was
valued at US$6,800.79 mn in 2016 and is estimated to reach US$9,454.04 mn by
2025, expanding at a CAGR of 3.80% between 2017 and 2025.
View Report @ http://www.transparencymarketresearch.com/independent-
lubricant-manufacturers.html
Automotive Industry to Remain Dominant Revenue Contributor
In terms of the end users served by independent lubricant manufacturers, the
report examines the growth prospects of the independent lubricant manufacturers
market across the automotive, aerospace, marine, and industrial sectors. Of these,
the automotive sector is presently the leading contributor of revenue to the global
market. The segment accounted for a massive 67.4% of the global market in 2016
and is expected to remain the key consumer of lubricants manufactured by
independent manufacturers.
Rise in demand for automotive is anticipated to drive the demand for automotive
lubricants in the next few years as well. Increase in environmental awareness and
implementation of strict government regulations are expected to boost the demand
for high-quality and greener lubricants in the automotive industry in the next few
years. As the global appetite for automobiles continues to rise, led by the growth in