The Global Construction Lubricants Market Report by The Business Research Company covers market size, major players, and the impact of COVID-19 on the market.
LONDON, GREATER LONDON, UK, May 20, 2022 /EINPresswire.com/ — According to ‘Construction Lubricants Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the construction lubricants market size is expected to grow to $13.48 billion in 2026 at a CAGR of 4.28%. According to the construction lubricants market analysis, a rise in construction and mining activities is significantly contributing to the growth of the market.
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The construction lubricants market consists of sales of construction lubricants by entities (organizations, partnerships, and sole proprietors) that are chemical compounds used in machinery and equipment to lower friction between surfaces in contact, consequently lowering the amount of heat generated while the movement on the surface. It can also transfer forces, carry foreign particles, for heating or cooling the surfaces. Lubrication is the application of a friction-reducing layer between moving surfaces in contact to reduce friction and wear. Lubricants can be semi-solid (grease, silicon gels), liquid or fluid (oils), or solid (steel, Teflon, graphite).
Global Construction Lubricants Market Trends
The development of zinc-free (ashless) lubricants is a key trend in the construction lubricants industry. Construction lubricants are a type of lubricant used to reduce friction between moving parts or surfaces and to enhance the efficiency of the machines used in the construction industry. Lubricants with zinc levels that are too high have a history of leading to the corrosion of some metals, such as yellow metals, as they chemically attack the metal surfaces, along with environmental harm. Zinc-free lubricants on the other hand, have outstanding ability to prevent wear, rust, foam, oxidation, air, and water entrainment and provide excellent thermal stability. For instance, formulation of the zinc-free lubricants reduces sludge by 85 to 99.5%, retains more viscosity, reduces metal wear by 04-06%, and extends the useful service life to at least twice that of the ZDDP-based hydraulic oil.
Global Construction Lubricants Market Segments
The global construction lubricants market is segmented:
By Basis Type: Hydraulic Fluid, Engine Oil, Gear Oil, Automatic Transmission Fluid (ATF), Grease, Compressor Oil
By Base Oil: Synthetic Oil, Mineral Oil
By Application: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Others
By Geography: The global construction lubricants market report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe accounts for the largest share.
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Construction Lubricants Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides construction lubricants market overviews, analyzes and forecasts market size and growth for the construction lubricants global market, construction lubricants market share, construction lubricants market segments and geographies, construction lubricants global market players, construction lubricants global market leading competitor revenues, profiles and market shares. The construction lubricants market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Construction Lubricants Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: ExxonMobil Corporation, Royal Dutch Shell, Total Energies SE, China Petrochemical Corporation, Chevron Corporation, PetroChina Company Limited, FUCHS Petrolub SE, Lukoil, Sinopec, Phillips 66 Company, Morris Lubricants, Penrite Oil, Valvoline, Liqui Moly GmbH, ENI SPA, Addinol Lube Oil GmbH, Indian Oil Corporation, Bel Ray Company LLC., Gulf Oil India, and Totalenergies Se.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And So Much More.
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