Research and Markets announces new report on the U.S. lubricant industry
Research and Markets has announced the addition of the “Lubricant Industry in the United States” report to their offering. The lubricant industry has progressed to being a major industry worldwide, with the likes of ExxonMobil, Shell, BP and Chevron now accounting for a significant share of the global lubricants market. The major strategy push of these global players is to capitalize on economies of scale.
The market is increasingly moving toward polarization whereby competition has moved from local or regional markets to global synergies. Competition is therefore no longer limited to local, regional, or even national markets but is increasingly becoming global in nature.
The report looks at the trade scenario of the industry, along with the regulatory framework applicable to the industry. The major industry contributors such as BP Lubricants, Castrol, Chevron Corporation, Shell Lubricants and many other important industry players are analyzed in this report. A future perspective of the lubricant industry in the United States completes the report with a product segment forecast and a market outlook.
(March 8, 2013)