QYR Market Research Europe Lubricant Market Research | Page 3

QYResearch
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Lubricant is a substance introduced to reduce friction between moving surfaces.
It may also have the function of transporting foreign particles. The property of
reducing friction is known as lubricity (or slipperiness). Lubricant as its name
implies have to perform in various applications like automotive, industrial, marine
and others.
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• In the last years, Europe lubricant industry got a slow development as the slow
growing of Europe economy and automotive industry. in 2016, the total sales of
Europe lubricant market is about 6.67 million MT.
• In Europe, the main manufacturers of lubricant are Total, Shell, BP, ExxonMobil
and Lukoil. In fact, the top 5 manufacturers occupied market share about 79%.