Industrial Gear Oil Market to hit 2.89% CAGR by 2021: Market Size Forecasters

Market Size Forecasters released a new research report of 70 pages on title ‘Global Industrial Gear Oil Market 2017-2021’ with detailed analysis, forecast and strategies. The study covers important Key vendors such as including covering are BP, Chevron Corporation, Exxon Mobil Corporation

Lubricants play a vital role in sectors such as automotive, aviation, manufacturing, and marine. These are used in both new and old machines and equipment to reduce friction, which increases with time due to wear and tear of surfaces. Lubricants for industrial gear oil applications are used to minimize wear and tear in gearbox by reducing binding and friction. In some extreme cases, these may also prevent or reduce electrical resistivity, while increasing thermal conduction.

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The Report analysts forecast the global industrial gear oil market to grow at a CAGR of 2.89% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial gear oil market for 2017-2021. To calculate the market size, the report considers the volume consumed in the lubricants market for gearbox applications and excludes aftermarket/services market.

The market is divided into the following segments based on geography: Americas, APAC, EMEA

The report, Global Industrial Gear Oil Market 2017-2021, 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.

Key vendors BP, Chevron Corporation, Exxon Mobil Corporation, Royal Dutch Shell, Total

Other prominent vendors Apar Industries, CITGO Petroleum, Columbia Petro Chem, FUCHS, Gazprom

Market driver Growth in the global construction industry, For a full, detailed list, view our report

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Market challenge Decrease in mining-related investments, For a full, detailed list, view our report

Market trend Increasing number of industry-specific products, For a full, detailed list, view our report

Key questions answered in this report What will the market size be in 2021 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

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Global White Oil Market Outlook 2016-2021

The global white oil market size is estimated to grow from USD 5,117 million in 2015 to USD 6,028 million by 2021, at an estimated CAGR of 2.77% between 2015 and 2021. With regards to this, key players of white oil industry are expected to find potential opportunities in this market.

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