|By PR Newswire||
|April 25, 2014 05:20 AM EDT||
DUBLIN, April 25, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/bbhqsj/technology_trends) has announced the addition of the "Technology Trends In Lubricants (Mineral, Synthetic, And Bio-Based) Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast to 2018" report to their offering.
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Lubricants are primarily used to reduce friction between moving surfaces and for better performance of machines. Lubricants can be mainly divided into three product segments including mineral, synthetic and bio-based lubricants. Bio-based lubricants are renewable and biodegradable in nature and are manufactured from either vegetable (palm oil, castor oil, sunflower) or animal derived oils. Being more eco-friendly, bio-based lubricants are expected to grow at a higher rate than mineral oils and are expected to gain market share over the next six years. Owing to their unique chemical, mechanical, and eco-friendly properties, bio-based lubricants are finding applications across a host of industries including automotive, agriculture, shipping, forestry, and railways.
Increasing automobile demand is fueling the demand for lubricants. Regulatory sanctions on mineral lubricants owing to their environmental impact are encouraging the utilization for bio-based lubricants. Governments are promoting development and use of bio lubricants to lower the emission of greenhouse gases and energy consumption as per regulations. There are several regulations and policies that exist in favor of bio-lubricants in European and North American countries. However, volatility in mineral oil prices and high cost of bio-based and synthetic lubricants are posing a challenge to the market.
Turbine oil, compressor oil, gear oil, hydraulic oil, bearing oil, heat transfer fluid, nanomaterials based lubrication and re-refined base oils and lubricants are the major contributors to the lubricants market. Turbine oil is a high quality mineral oil with excellent water separating qualities. It is used in power plant steam and gas turbine lubrication due to their high corrosion and oxidation inhibiting properties and foam suppressing properties. Hydraulic oil lubricant is used in industrial machinery, construction equipment, automotive, aircraft, and marine applications. It is also used in heavy earth moving equipment such as excavators and forklifts.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Lubricants Market - Industry Analysis
Chapter 4 Lubricants Market - Product Segment Analysis
Chapter 5 Lubricants Market - Technology Trends
Chapter 6 Lubricants Market - Regional Analysis
Chapter 7 Company Profiles
- Binol Biolubricants
- British Petroleum Plc
- Cargill Incorporated
- China Petroleum & Chemical Corporation (Sinopec)
- ConocoPhilips Company
- Exxon Mobil Corporation (XOM)
- Fuchs Lubricants Co
- Hindustan Petroleum Corporation Limited
- InterOil Corporation
- OAO Lukoil
- Petrobras SA
- Royal Dutch Shell plc
- The Lubrizol Corporation
- Total SA
For more information visit http://www.researchandmarkets.com/research/bbhqsj/technology_trends
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets