|By PR Newswire||
|January 16, 2014 04:00 PM EST||
DUBLIN, January 16, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/c22s6z/independent) has announced the addition of the "Independent Lubricant Manufacturers Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast, 2013 - 2019" report to their offering.
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Independent lubricant manufacturers are not controlled by major oil companies and most do not have their own refineries. They procure base oils from major oil suppliers and petroleum companies and then process these oils with additives to produce lubricants. These lubricants are utilized in several industrial and automobile applications. Independent lubricant manufacturers commonly purchase raw materials from the open market (chemical and oleo-chemical industry). Independent lubricant manufacturers primarily focus on the manufacturing and marketing of lubricants followed and on specialties and niche business. Some of the independent lubricant manufacturers namely Southwestern Petroleum Corporation basically deals in manufacturing of heavy duty lubes. They supply lubricants and provide technical assistance for the metalworking fluid industry.
Besides having numerous advantages, lubricants are useful for wide range of applications in automotive and industrial end use sectors. Growing applications in the agriculture, mining and steel industry, increased automotive sales accompanied by growing support for bio-based lubricants are likely to fuel the lubricant demand in the coming years. Ongoing paradigm shift towards high precision technology over conventional methods is expected to boost the demand for independent lubricant manufacturers. Growing demand of automated machines in mining and agricultural segments has flooded the industrial lubricants demand. Growing necessity to minimize lag-time and raise production efficiency particularly in manufacturing industries is likely to impel the product demand in the coming five to six years. This in turn is expected to bolster the overall market growth over the forecast period. However, market growth is dampened due to fluctuation in mineral oil prices. The growing attractiveness of bio-based lubes is also expected to be pulled over by their high cost than mineral oil. As a result, the market is constrained by a couple of challenges.
Lubricants play a vital role primarily in the smooth operation of moving machine parts. Independent lubricant manufacturers are in some of the niche markets supplying heavy duty lubricants to most of the heavy industries including OEM car manufacturers. Most of the OEM car manufacturers have signed agreements with independent lubricant manufacturers including BMW, Audi, Porsche, and Mercedes. New opportunities are expected to be carved with signing of new agreements. Automotive product segment is estimated to be one of the rapidly growing segments owing to rising automotive sales, however, it acquired less market share than the industrial lubricants product segment in 2012.
Key Topics Covered:
2 Executive Summary
3 Independent Lubricant Manufacturers' - Industry Analysis
4 Independent Lubricant Manufacturers' Market - Product Segment Analysis
5 Independent Lubricant Manufacturers' Market - Regional Analysis
6 Company Profiles
- Amsoil Inc.
- Fuchs Petrolub SE
- Liqui Moly
- Motul S.A.
- Red Line
- Royal Purple LLC
- SCT Mannol
- Sunoco Group
- Torco International Corporation
- Unil-Opal S.A.S
For more information visit http://www.researchandmarkets.com/research/c22s6z/independent
Media Contact: Laura Wood , +353-1-481-1716, [email protected]