Lubricants Market 2016 Share, Trend, Segmentation and Forecast Lubricants Market for Off-road Sector | Page 2

be thin, so that it can easily flow into cold temperatures. This protects the engine in
cold conditions.
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North America to Show Dominance throughout Forecast Period
In term of geography, the global lubricants market for off-road sector is segmented
into North America, Europe, Asia Pacific, Latin America, and the Middle East and
Africa. Of these, North America held a dominant share in the global market in 2015.
In terms of volume, North America held a share of 38% in the overall market in
2015. However, Asia Pacific is expected to show remarkable growth rate in the
coming years. Emerging economy of China is expected to fuel this growth in the
coming years. The flourishing mining activities in Asia Pacific are expected to propel
the usage of off-road vehicles, thereby increasing the uptake of lubricants for the
same.
The key players operating in the global lubricants market for off-road sector are
Topaz Energy Group Limited, Royal Dutch Shell plc, BP Global, Total S.A., ExxonMobil
Corporation, Phillips 66, Indian Oil Corporation Limited, Halron Lubricants Inc.,
Chevron USA Inc, Castrol Limited, Fuchs Petrolub SE, BRB International and Lukoil
Lubricants Company.
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