Home / Businesswire / Global Construction Lubricants Market 2018-2022 | Increasing Demand for Synthetic Base Oils to Boost Growth | Technavio

Global Construction Lubricants Market 2018-2022 | Increasing Demand for Synthetic Base Oils to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#Research–The global construction lubricants market is expected to post a CAGR of
nearly 5% during the period 2018-2022, according to the latest
market research report by Technavio.

A key factor driving the growth of the market is the increased demand
for hydraulic fluids. One of the major products of construction
lubricants is hydraulic fluids. They are extensively used in heavy-load
vehicles and equipment used in the construction industry. The primary
factor leading to its high usage as lubricants in construction equipment
is due to their fluidity at low temperature. Hydraulic fluids possess
anti-wear, resistance to corrosion and water tolerance, and
filterability characteristics as well.

This market research report on the global
construction lubricants market 2018-2022
also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

In this report, Technavio highlights the increasing demand for synthetic
base oils as one of the key emerging trends in the global construction
lubricants market:

Global construction lubricants market:
Increasing demand for synthetic base oils

During the forecast period, the growing use of synthetic base oils in
construction equipment and earthmovers will positively drive the growth
of the global construction lubricants markets. Factors such as the easy
availability of the product and its low cost drive the consumption of
synthetic base oils.

“Chemically modified petroleum compounds are used to manufacture
synthetic base oil. It offers good benefits and advantages such as
better low-and-high temperature viscosity performance, decreased
evaporative loss, better chemical and shear stability, longer engine
life, and resistance to oxidation, thermal breakdown, and oil sludge
problems. Hence, there is an augmented demand for synthetic base oil
that can significantly drive the global construction lubricants market
during the upcoming years,” says a senior analyst at Technavio for
research on specialty chemicals.

Global construction lubricants market:
Segmentation analysis

This market research report segments the global construction lubricants
market by product (hydraulic fluid, engine oil, gear oil, and compressor
oil) and geographical regions (APAC, EMEA, and the Americas).

The hydraulic fluid segment held the largest market share in 2017,
accounting for nearly 34% of the market. This product segment is
expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 43%. This
region is expected to dominate the market through 2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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