Lubricant Market Size
Global Lubricant Market reached USD 161.1 billion in 2022 and is expected to reach USD 196.9 billion by 2030, growing with a CAGR of 2.6% during the forecast period 2023-2030. For the growth in the power, automobiles and engineering industries, the lubricant company presents new market potential.
As consumers switch to more efficient cars and motorcycles, they utilise higher-grade lubricants, which increases the market share of multi-grade lubricants.
The automobile industries in particular in China and India have seen substantial growth. Both countries have significant populations as well as growing middle classes with more disposable cash, which increases the need for cars. Government initiatives supporting growth in infrastructure and industrialization have also increased demand for lubricants in these nations. Asia Pacific lubricants market expected to grow with a CAGR of 3.4% in the forecast period
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Lubricant Market Dynamics
Demand for High-Performance Lubricants Drives the Market
High-performance lubricants are especially designed to reduce wear and friction between moving parts, improving overall effectiveness. Their remarkable capabilities set them apart from traditional lubricants, making them the top choice across a range of applications. As wear and tear decrease, machines run smoother and last longer. These lubricants are the go-to solution for industries aiming to optimize performance and longevity.
Lubricant Market Segment Analysis
The global lubricant market is segmented based on product type, end usere industry, grade, and region.
Growing Industries with Modern Concepts are Convinced the Synthetic Lubricants
Excellent lubricating properties of synthetic lubricants minimise wear and friction between moving parts. As a result, breakdown time reduces, reliability improves, and equipment life is extended. Synthetic lubricants segment is likely to expand at a steady rate of 2.6% during the forecast period.
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Key Players:-
The major global players include Grauer & Weil (India) Limited, Mosil Lubricants, Anand Engineers Pvt. Ltd., APAR Lubricants, Exxon Mobil Corporation., Arabian Petroleum Ltd., JAX Incorporated, Manak Petro Chem (India)., Castrol, Total Engines, Phillips 66, and NANDAN PETROCHEM LTD.
Key Developments
- On Jan 4, 2023, Goodyear Lubricants to launch new BS-6 compliant lubricants for India, Manufactured in haryana. Good Year lubricants has announced a new range of vehicle lubricant oils for distribution in South Asia, Southeast Asia and New Zealand.
- On Mar 5, 2023, An increase in trade and commerce links between Qatar and India can be seen as a result of Hindustan Petroleum Corporation Limited (HPCL), an Indian oil and gas refining firm, launching its lubricant line of products qatar.India’s HPCL launches its lubricants range of products in Qatar. Hindustan Petroleum Corporation Limited (HPCL), an Indian oil and gas refining company, has launched its lubricant range of products in Qatar, indicating a boost in trade and commerce ties between Qat
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
Non-Small Cell Lung Cancer Market is Expected to Increase With a CAGR of 10.7% for the Study Period of 2017-2030: DelveInsight (Albany, US) DelveInsight has introduced a new Market Insights, Epidemiology, and Market Forecast Report on "Non-Small Cell Lung Cancer Market Insights, Epidemiology, and Market Forecast-2030" to its portfolio.Key Highlights from report are:As per the DelveInsight analysis, the total incident cases of NSCLC in the 7MM were observed to be 484,726 cases in the year 2017.
These cases are expected to grow with a significant CAGR in the study period 2017–2030.There are different types of treatment available for NSCLC; however, mainly 10 types of standard treatment are used, which include Surgery, Radiation therapy, Chemotherapy, Targeted therapy, Immunotherapy, Laser therapy, Photodynamic therapy (PDT), Cryosurgery, Electrocautery, and Watchful waiting.The market size of NSCLC in the 7MM is expected to increase during study period.
According to the estimates, the highest contribution in the market size of NSCLC is from the United States followed by Japan, Germany, and the UK.One of the most exciting developments in lung cancer medicine is the introduction of targeted treatments.Request for free sample pages to know more on Non-Small Cell Lung Cancer Market Forecast NSCLC is the most common type of lung cancer accounted for approximately 85% of all lung cancers.
The disease epidemiology included in the report provides historical as well as forecasted Non-Small Cell Lung Cancer epidemiology, which is segmented as Total Incident cases of NSCLC patients, Total Incident cases of NSCLC patients by Histology, Total Diagnosed cases of NSCLC patients by Stages, Total NSCLC cases of patients by Genetic mutation/Biomarkers, and Total Treated Cases of NSCLC patients by Line of Therapies scenario of NSCLC in the 7MM.The total NSCLC incident cases in the 7MM were observed to be 484,726 cases in 2017.Click here to know more on Non-Small Cell Lung Cancer pipelineNSCLC report encloses the detailed analysis of Non-Small Cell Lung Cancer marketed drugs and late stage (Phase-III and Phase-II) pipeline drugs.
The therapies that are approved for the NSCLC treatment are Rozlytrek (Entrectinib), Imfinzi (Durvalumab), Opdivo (Nivolumab), Tecentriq (Atezolizumab), Keytruda (Pembrolizumab), Tafinlar (Dabrafenib) in combination with Mekinist (Trametinib), Tagrisso (osimertinib), Lorbrena/Lorviqua (Lorlatinib), Vizimpro (Dacomitinib), Alunbrig (Brigatinib), Alecensa (Alectinib), Vitrakvi (Larotrectinib), Portrazza (Necitumumab) along with many more.Drugs covered in the report are:-There are several key players robustly involved in developing potential products such asNazartinib (EGF816)Capmatinib (INC280)Tepmetko (tepotinib)MerestinibJNJ-61186372 (JNJ-6372)Vemurafenib Plus CobimetinibX-396 (Ensartinib)Tedopi (OSE2101)Selpercatinib (LY3527723/ LOXO-292)SAR408701Braftovi (encorafinib) + Mektovi (binimetinib)PADCEV (enfortumab vedotin/ASG-22ME)Pralsetinib (BLU-667)TAK-788: Canakinumab (ACZ885)Avelumab (Bavencio)Veliparib (ABT-888): Sitravatinib (MGCD516)TesevatinibRomiplostim: CabozantinibSym015AMG 510INCMGA00012 (MGA012)Libtayo (Cemiplimab)BavituximabM7824 (Bintrafusp alfa)And many others Key Players covered in the report are:-Novartis PharmaceuticalsMerck KGaAEli Lilly and CompanyJanssen Research & DevelopmentHoffmann-La RocheXcoveryBeyondSpring PharmaceuticalsOSE ImmunotherapeuticsSanofiPfizerAstellas PharmaSeattle GeneticsBlueprint Medicines CorporationTakedaAbbVieKadmon CorporationAmgenSymphogenRegeneron PharmaceuticalsPeregrine PharmaceuticalsAvid BioservicesGlaxoSmithKlineAnd many othersThe report includes provides in depth analysis historical and forecasted Market Share (%) Distribution of NSCLC, Market Share (%) Distribution of NSCLC by Mutations/Biomarkers, Total Market Size of PD-L1 NSCLC, Total Market Size of BRAF NSCLC, Total Market Size of c-Met, Total Market Size of EGFR, Total Market Size of ALK as well.The reasons for buying this report:The report proffers an overview of pathophysiology, various diagnostic approaches and NSCLC treatment algorithm, including detailed chapters for marketed products and emerging therapies.Historical and forecasted Non-Small Cell Lung Cancer epidemiology in 7MM covering the United States, EU5 (Germany, France, Italy, Spain, and the United Kingdom), and Japan from 2017-2030.Detailed historical and forecasted NSCLC market covering the United States, EU5 and Japan from 2017-2030.
Pipeline analysis across different stages of development (Phase III and Phase II), different emerging trends and comparative analysis of pipeline products with comprehensive clinical profiles, key cross-competition, launch date along with product development activities.
The US$ 1.6 billion lubricant antioxidants market is likely to witness 3% y-o-y in 2019, opines a new study by FactMR.
Gains are likely to be driven by growing applications of lubricant antioxidants in various industrial sectors, especially automotive and transportation.
The study remains bullish on growing demand for lubricant antioxidants in East Asia, with China leading the rally.
The FactMR study offers analysis on lubricant antioxidants market for the forecast period 2018-2028.
According to the study, the global market for lubricant antioxidants will witness healthy growth at a value CAGR of 3.6% throughout the assessment period.The FactMR study finds East Asian countries, including China, Japan, and South Korea, account for around one-fourth revenue share of the global market.
Demand for lubricant antioxidants from these three East Asian countries was valued at nearly US$ 435 million in 2018.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
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Market size by End User
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
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