Independent Lubricant Manufacturers
Market
REPORT
Independent Lubricant Manufacturers Market – Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025
Despite the presence of a large number of small players, the global market for independent lubricant
manufacturers features a largely consolidated vendor landscape, wherein the leading four vendors
cumulatively accounted for a nearly 58% of the market in 2016, observes a recent report by
Transparency Market Research. The Germany-based company FUCHS alone accounted for nearly
37% of the overall revenue generated by the global independent lubricant manufacturers in 2016,
hinting towards to stronghold of the company on the global market.
The level of competition is high and companies compete on the basis of product pricing, distribution
channels, and innovative product offerings. Owing to vast growth opportunities in the field of bio-
based lubricants, many leading vendors are focusing on the expansion of their product portfolios to
include these lucrative products. Expansion across high-growth emerging economies and introduction
of economic and environmentally neutral products could be the most rewarding strategies for
companies struggling to establish their footing in the global independent lubricant manufacturers
market.
Transparency Market Research estimates that the global independent lubricant manufacturers
market, which was valued at US$6,800.79 mn in 2016, will reach US$9,454.04 mn by 2025,
expanding at a CAGR of 3.80% between 2017 and 2025.
Browse Market Research Report @ http://www.transparencymarketresearch.com/independent-
lubricant-manufacturers.html
Mineral Lubricants to Help Independent Lubricant Manufacturers Gain Maximum Revenues
The mineral lubricants product segment dominated, accounting for a massive 60.8% of the global
independent lubricant manufacturers market in 2016. However, the segment’s share is expected to
decline nominally during the forecast period, with the segment of synthetic lubricants experiencing a
notable rise. In terms of geography, the global market for independent lubricant manufacturers, in
terms of market growth potential as well as revenue share, was led by Asia Pacific in 2016, followed
by North America.
Thriving Automotive Industry to Remain Key Growth Driver
Transparency Market Research
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