Global Industrial Lubricants Market Growth at CAGR
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Dublin, Jan. 05, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Industrial Lubricants Market 2016-2020" report to their offering. The global industrial lubricants market to grow at a CAGR of 2.80% during the period 2016-2020.
Global Industrial Lubricants Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is rise in process automation. The demand for products that are superior in quality is increasing due to globalization and population growth. As a result, companies are implementing automation in their manufacturing units. Investment in global process automation is expected to continue to grow at 6% and is projected to reach $120 billion by 2019. This growth is focused in automation of areas such as technology, hardware, software, services, and communication protocol.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Key vendors
- BP
- Castrol
- ExxonMobil
- Shell
- Total
Other prominent vendors
- Apar Industries
- Chevron
- CITGO
- Columbia Petro Chem
- Fuchs Lubricants
- Gazprom
- Idemitsu Kosan
- LIQUI MOLY
- Lubrizol
- LUKOIL
- Pertamina
- Petrobras
- PetroChina
- Sinopec
- SK Lubricants
Key Topics Covered: Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Market landscape Part 06: Market segmentation by product type Part 07: Geographical segmentation Part 08: Market drivers Part 09: Impact of drivers Part 10: Market challenges Part 11: Impact of drivers and challenges Part 12: Market trends Bio-based lubricants: Eco-friendly source of fuel Part 13: Vendor landscape Part 14: Key vendor analysis Part 15: Appendix For more information about this report visit http://www.researchandmarkets.com/research/l4...industrial
CONTACT: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Related Topics: Lubricants and Greases
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