Construction Lubricants Market

Construction Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil), Type (Hydraulic Fluid, Engine Oil, Gear Oil, ATF, Grease, Compressor Oil), Equipment (Earthmoving, Material Handling, Heavy Construction), and Region - Global Forecast to 2027

Report Code: CH 6187 Mar, 2023, by marketsandmarkets.com

The construction lubricants market is projected to grow from USD 9.0 billion in 2022 to USD 10.6 billion by 2027 at a CAGR of 3.3%. Over the world, the construction lubricants market is expanding significantly, and during the forecast period, a similar trend is anticipated. The extensive use of construction lubricants and growing demand for high-quality lubricants has raised the demand for construction lubricants worldwide. Rapid industrialization in the Asia Pacific and the Middle East & Africa regions post-COVID-19, coupled with the rise in process automation in the construction industry and the gradual increase in construction equipment, are key factors expected to drive the global construction lubricants industry during the forecast period. Furthermore, leveraging the E-commerce industry to increase customer reach and development of zinc-free (ashless) lubricants is an opportunity for market growth. However, rising raw material prices and maintaining product quality, and stringent environmental norms by the government are the major challenges in the construction lubricants market.

Attractive Opportunities in Construction Lubricants Market

Construction Lubricants Market

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Construction Lubricants Market Dynamics

Driver: Rise in automation in the construction industry

Automation is the use of construction equipment and technology to automate production processes or systems to boost efficiency by reducing manual labor. As automation increases, mechanical parts of the construction equipment are constantly under motion and load, which asks for a high lubrication requirement for the equipment to work efficiently and properly without any failures. The construction industry uses numerous heavy-load equipment that requires regular lubrication. The increasing cost of workforce and safety requirements is also driving the demand for process automation. Hence, most companies are automating their operations which is driving the construction lubricants market.

Restraints: Technological Advancements

Portable and compact machinery has been introduced in the construction industry, which is gaining popularity. Due to reduced gearbox & hydraulic equipment size and extended drain intervals, lubricant consumption in the construction industry has decreased. Construction industries are using new ideas and technologies like proactive lubricant life extension, optimizing the relube interval, reducing package waste (avoiding the bulk purchase of lubricants to reduce the wastage of unused lubricants), and reducing leakage to minimize the use of lubricants. Such technological advancements in the construction industry are expected to hamper the demand for construction lubricants.

Opportunities: Leveraging the E-commerce industry to increase customer reach

E-commerce is an internet platform where manufacturers and sellers can directly sell their construction lubricants without involving any shop, dealer, or distributor. This platform helps the manufacturers of construction lubricants to cut down the value chain and improve their margins. Several construction lubricants manufacturing companies also started to leverage this revolutionary virtual marketplace to gain a customer base using digital market techniques and online campaigns.

Challenges: Rising raw material prices

The construction lubricants market is significantly influenced by the variation in the crude oil market. In 2021 and 2022, the overall market enjoyed profits as prices of WTI and Brent crude oil covered and went to a high of 84.65 and 123.70 WTI crude oil and for the Brent crude oil 85.76 and 133.18 USD per barrel. As a result, such volatile crude oil prices affected the margins of construction lubricant manufacturing companies in the past three years. The majority of the lubricant products are mineral oil-based, which is sourced from crude oil. Therefore, the prices of lubricant products depend on crude oil prices. The price change has a huge impact on the lubricants market.

Construction Lubricants Market Ecosystem

Prominent companies in construction lubricants market include financially stable and well-established manufacturers of construction lubricants. These key players have been operating in the market for several years and possess state-of-the-art technologies, a diversified product portfolio, and strong worldwide marketing and sales networks. Prominent companies in this market include Shell Plc (UK), ExxonMobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), and TotalEnergies SE (France).

Construction Lubricants Market Ecosystem

Based on base oil, the mineral oil segment is estimated to account for the largest market share of the construction lubricants market

Based on base oil, the mineral oil segment is estimated to account for the largest market share. This is attributed to its lower price and widespread availability compared to synthetic oil. However, synthetic oil is anticipated to grow at the highest CAGR during the forecast period because of its superior qualities.

Based on type, the engine oil segment is anticipated to dominate the market

Engine oil segment dominated the global construction lubricants market. This high growth is mainly driven by the frequent replacement of engine oil in various construction equipment and off-road vehicles. Engine oil is mainly used in crankcases and lubrication in various heavy-load equipment in the construction industry. This drives the consumption of engine oil in the construction industry.

The Asia Pacific market is projected to contribute the largest share of the construction lubricant market

Asia Pacific is projected to hold the largest share of the global construction lubricants market throughout the forecast period, in terms of value and volume. According to projections, the region will be a prime location for the construction lubricants business attributed to rise in construction activities, expanding industrial investment, growing population, and the development of its infrastructure in the developing markets of China, Japan, and India.

Construction Lubricants Market by Region

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Key Market Players

The key market players profiled in the Report include Shell plc (UK), Exxon Mobil Corporation  (US), BP p.l.c. (UK), Chevron Corporation (US), TotalEnergies SE (France), Sinopec Corp. (China), FUCHS Petrolub SE (Germany), LUKOIL (Russia), Indian Oil Corporation Limited (India), Petronas (Malaysia), among others.

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Scope of the Report

Report Metric

Details

Market size available for years

2017-2027

Base Year Considered

2021

Forecast period

2022–2027

Forecast units

Value (USD Million), Volume (Kiloton)

Segments Covered

Base oil, Type, Equipment, and Region

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies covered

Shell plc (UK), ExxonMobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), TotalEnergies SE (France), Sinopec Corp. (China), FUCHS Petrolub SE (Germany), India Oil Corporation Limited (India), LUKOIL (Russia), Petronas (Malaysia), and others

The study categorizes the construction lubricants market based on Base Oil, Type, Equipment, and Region.

By Base Oil
  • Mineral Oil
  • Synthetic Oil
  • PAO
  • PAG
  • Esters
  • Group III (Hydrocracking)
By Type
By Equipment
  • Earthmoving Equipment
    • Excavators
    • Loaders
    • Crawler Dozers
    • Motor Graders
    • Others
  • Material Handling Equipment
  • Heavy Construction Vehicles
  • Others
    • Compactors and Road Rollers
    • Pavers/Asphalt Finishers
    • Other Equipment and Machinery
By Region
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Arica
  • South America

Recent Development

  • In December 2021, TotalEnergies Marketing & Services Australia, a subsidiary of TotalEnergies SE, announced a new partnership with Mitsubishi Motors Australia Limited to launch the latest Mitsubishi Genuine Oil Program. The partnership is based on common goals and provides integrated solutions with a focus on innovation, advanced technology, sustainability, and customer experience.
  • In October 2021, TotalEnergies Specialties USA, a subsidiary of TotalEnergies SE,  partnered with Hyperfuels to market the full range of TotalEnergies' automotive lubricants nationwide.
  • In June 2021, BP p.l.c. has set up a digital hub in Pune, India. This expansion helped them to grow their digital expertise and meet the changing demands by providing sustainable solutions.
  • In March 2020, Shell plc announced its investment to double the capacity of the Indonesian lubricants oil blending plant to meet the growing domestic demand. After completion, the plant will be capable of producing up to 300 million liters of finished lubricants annually.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 36)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 CONSTRUCTION LUBRICANTS MARKET: INCLUSIONS AND EXCLUSIONS
           1.2.2 CONSTRUCTION LUBRICANT MARKET: DEFINITION AND INCLUSIONS, BY BASE OIL
           1.2.3 CONSTRUCTION LUBRICANTS MARKET: DEFINITION AND INCLUSIONS, BY TYPE
           1.2.4 CONSTRUCTION LUBRICANT MARKET: DEFINITION AND INCLUSIONS, BY EQUIPMENT TYPE
    1.3 MARKET SCOPE 
          FIGURE 1 CONSTRUCTION LUBRICANTS MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY 
    1.5 UNIT CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
           1.7.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA 
          FIGURE 2 CONSTRUCTION LUBRICANTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE SHARE OF TOP PLAYERS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM-UP (DEMAND SIDE)
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 4 – TOP-DOWN
                    2.2.1.1 Base market calculation and validation approach using parent market - 2021
    2.3 DATA TRIANGULATION 
          FIGURE 7 CONSTRUCTION LUBRICANTS MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
           2.4.1 SUPPLY SIDE
                    FIGURE 8 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
           2.4.2 DEMAND SIDE
                    FIGURE 9 MARKET GROWTH PROJECTIONS FROM DEMAND SIDE: DRIVERS AND OPPORTUNITIES
           2.4.3 RESEARCH ASSUMPTIONS
    2.5 IMPACT OF RECESSION 
    2.6 FACTOR ANALYSIS 
    2.7 LIMITATIONS 
    2.8 RISK ASSESSMENT 
          TABLE 1 CONSTRUCTION LUBRICANTS MARKET: RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 55)
    FIGURE 10 ENGINE OIL SEGMENT TO LEAD CONSTRUCTION LUBRICANTS MARKET DURING FORECAST PERIOD
    FIGURE 11 MINERAL OIL SEGMENT TO LEAD CONSTRUCTION LUBRICANT MARKET DURING FORECAST PERIOD
    FIGURE 12 ASIA PACIFIC DOMINATED CONSTRUCTION LUBRICANTS MARKET
 
4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 ATTRACTIVE OPPORTUNITIES IN CONSTRUCTION LUBRICANTS MARKET 
          FIGURE 13 GROWING CONSTRUCTION INDUSTRY TO DRIVE CONSTRUCTION LUBRICANTS MARKET DURING FORECAST PERIOD
    4.2 CONSTRUCTION LUBRICANTS MARKET SIZE, BY REGION 
          FIGURE 14 ASIA PACIFIC TO BE LARGEST MARKET FOR CONSTRUCTION LUBRICANTS DURING FORECAST PERIOD
    4.3 ASIA PACIFIC: CONSTRUCTION LUBRICANT MARKET, BY TYPE AND COUNTRY, 2021 
          FIGURE 15 CHINA DOMINATED CONSTRUCTION LUBRICANTS MARKET IN ASIA PACIFIC
    4.4 CONSTRUCTION LUBRICANTS MARKET SIZE, BY TYPE 
          FIGURE 16 HYDRAULIC FLUID TO BE LARGEST TYPE SEGMENT OF CONSTRUCTION LUBRICANTS
    4.5 CONSTRUCTION LUBRICANT MARKET SIZE, BY BASE OIL 
          FIGURE 17 MINERAL OIL SEGMENT IN CONSTRUCTION LUBRICANTS TO BE LARGEST IN OVERALL MARKET
    4.6 CONSTRUCTION LUBRICANTS MARKET, BY KEY COUNTRIES 
          FIGURE 18 INDIA TO REGISTER HIGHEST CAGR BETWEEN 2022 AND 2027
 
5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CONSTRUCTION LUBRICANTS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 High growth of construction industry in Asia Pacific and Middle East & Africa
                                TABLE 2 ONGOING AND UPCOMING CONSTRUCTION PROJECTS
                    5.2.1.2 Growing demand for high-quality lubricants
                    5.2.1.3 Rise in automation in construction industry
           5.2.2 RESTRAINTS
                    5.2.2.1 Technological advancements
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Development of zinc-free (ashless) lubricants
                    5.2.3.2 Leveraging e-commerce industry to increase customer reach
           5.2.4 CHALLENGES
                    5.2.4.1 Rising raw material prices
                                TABLE 3 CRUDE OIL PRICE TRENDS (2019–2022)
                    5.2.4.2 Maintaining product quality and stringent government environmental norms
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 20 CONSTRUCTION LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 THREAT OF SUBSTITUTES
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITION RIVALRY
                    TABLE 4 CONSTRUCTION LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR CONSTRUCTION INDUSTRY
                    TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR CONSTRUCTION INDUSTRY (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 22 KEY BUYING CRITERIA FOR CONSTRUCTION INDUSTRY
                    TABLE 6 KEY BUYING CRITERIA FOR CONSTRUCTION INDUSTRY
    5.5 CONSTRUCTION LUBRICANTS MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS 
          FIGURE 23 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          TABLE 7 CONSTRUCTION LUBRICANTS MARKET FORECAST SCENARIO, 2019–2027 (USD MILLION)
           5.5.1 NON-COVID-19 SCENARIO
           5.5.2 OPTIMISTIC SCENARIO
           5.5.3 PESSIMISTIC SCENARIO
           5.5.4 REALISTIC SCENARIO
    5.6 PRICING ANALYSIS 
           5.6.1 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TYPE
                    FIGURE 24 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP THREE TYPES
                    TABLE 8 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP THREE TYPES (USD/KG)
           5.6.2 AVERAGE SELLING PRICE, BY REGION
                    FIGURE 25 AVERAGE SELLING PRICES OF CONSTRUCTION LUBRICANTS, BY REGION, 2020–2027
                    TABLE 9 AVERAGE SELLING PRICES OF CONSTRUCTION LUBRICANTS, BY REGION, 2020–2027 (USD/KG)
    5.7 MACROECONOMIC INDICATORS 
           5.7.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
                    TABLE 10 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2020–2027 (USD BILLION)
                    TABLE 11 VALUE ADDED BY CONSTRUCTION INDUSTRY FOR KEY COUNTRIES, 2016–2020 (USD BILLION)
 
6 INDUSTRY TRENDS (Page No. - 75)
    6.1 SUPPLY CHAIN ANALYSIS 
          FIGURE 26 CONSTRUCTION LUBRICANTS MARKET: SUPPLY CHAIN
           6.1.1 RAW MATERIAL SUPPLIER
           6.1.2 MANUFACTURER
           6.1.3 DISTRIBUTION TO END USERS
    6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           6.2.1 REVENUE SHIFT & REVENUE POCKETS FOR CONSTRUCTION LUBRICANTS MARKET
                    FIGURE 27 CONSTRUCTION LUBRICANTS MARKET: FUTURE REVENUE MIX
    6.3 CONNECTED MARKETS: ECOSYSTEM 
          FIGURE 28 CONSTRUCTION LUBRICANTS MARKET: ECOSYSTEM
          TABLE 12 CONSTRUCTION LUBRICANTS MARKET: ECOSYSTEM
    6.4 TECHNOLOGY ANALYSIS 
           6.4.1 ADVANCED ADDITIVE TECHNOLOGY
           6.4.2 IOT-ENABLED TECHNOLOGY
    6.5 CASE STUDIES 
           6.5.1 SHELL PLC HELPED SUREWAY CONSTRUCTION TO SAVE USD 140,298 BY UPGRADING AND CONSOLIDATING ITS TRANSMISSION OIL PORTFOLIO
    6.6 TRADE DATA STATISTICS 
           6.6.1 IMPORT SCENARIO OF CONSTRUCTION LUBRICANTS
                    FIGURE 29 CONSTRUCTION LUBRICANTS IMPORT, BY KEY COUNTRY (2013–2021)
                    TABLE 13 IMPORTS OF CONSTRUCTION LUBRICANTS, BY REGION, 2013–2021 (USD MILLION)
           6.6.2 EXPORT SCENARIO OF CONSTRUCTION LUBRICANTS
                    FIGURE 30 CONSTRUCTION LUBRICANTS EXPORT, BY KEY COUNTRY (2013–2021)
                    TABLE 14 EXPORTS OF CONSTRUCTION LUBRICANTS, BY REGION, 2013–2021 (MILLION)
    6.7 GLOBAL REGULATORY FRAMEWORK AND ITS IMPACT ON CONSTRUCTION LUBRICANTS MARKET 
           6.7.1 REGULATIONS RELATED TO CONSTRUCTION LUBRICANTS
    6.8 KEY CONFERENCES & EVENTS IN 2023 
          TABLE 15 CONSTRUCTION LUBRICANTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    6.9 PATENT ANALYSIS 
           6.9.1 APPROACH
           6.9.2 DOCUMENT TYPE
                    TABLE 16 PATENT APPLICATIONS ACCOUNTED FOR 57% OF TOTAL COUNT
                    FIGURE 31 PATENTS REGISTERED IN CONSTRUCTION LUBRICANTS MARKET, 2011–2021
                    FIGURE 32 PATENT PUBLICATION TRENDS, 2011–2021
                    FIGURE 33 LEGAL STATUS OF PATENTS FILED IN CONSTRUCTION LUBRICANTS MARKET
           6.9.3 JURISDICTION ANALYSIS
                    FIGURE 34 MAXIMUM PATENTS FILED IN JURISDICTION OF US
           6.9.4 TOP APPLICANTS
                    FIGURE 35 BASF SE REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2011 AND 2021
                    TABLE 17 PATENTS BY BASF SE
                    TABLE 18 PATENTS BY DOW GLOBAL TECHNOLOGIES LLC
                    TABLE 19 TOP 10 PATENT OWNERS IN US, 2011–2021
 
7 CONSTRUCTION LUBRICANTS MARKET, BY BASE OIL (Page No. - 89)
    7.1 INTRODUCTION 
          FIGURE 36 MINERAL OIL-BASED LUBRICANTS TO LEAD CONSTRUCTION LUBRICANTS MARKET DURING FORECAST PERIOD
          TABLE 20 CONSTRUCTION LUBRICANT MARKET, BY BASE OIL, 2017–2020 (KILOTON)
          TABLE 21 CONSTRUCTION LUBRICANTS MARKET, BY BASE OIL, 2021–2027 (KILOTON)
          TABLE 22 CONSTRUCTION LUBRICANT MARKET, BY BASE OIL, 2017–2020 (USD MILLION)
          TABLE 23 CONSTRUCTION LUBRICANTS MARKET, BY BASE OIL, 2021–2027 (USD MILLION)
    7.2 MINERAL OIL 
           7.2.1 LOW COST AND EASY AVAILABILITY OF MINERAL OIL TO DRIVE MARKET
                    FIGURE 37 ASIA PACIFIC TO BE LARGEST CONSTRUCTION LUBRICANTS MARKET IN MINERAL OIL SEGMENT
                    TABLE 24 MINERAL OIL: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 25 MINERAL OIL: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 26 MINERAL OIL: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 27 MINERAL OIL: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (USD MILLION)
    7.3 SYNTHETIC OIL 
           7.3.1 HIGH PERFORMANCE UNDER EXTREME CONDITIONS TO DRIVE SEGMENT
                    FIGURE 38 EUROPE TO BE LARGEST CONSTRUCTION LUBRICANTS MARKET IN SYNTHETIC OIL SEGMENT
                    TABLE 28 SYNTHETIC OIL: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 29 SYNTHETIC OIL: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 30 SYNTHETIC OIL: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 31 SYNTHETIC OIL: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (USD MILLION)
           7.3.2 POLYALPHAOLEFIN (PAO)
           7.3.3 POLYALKYLENE GLYCOL (PAG)
           7.3.4 ESTERS
           7.3.5 GROUP III (HYDROCRACKING)
 
8 CONSTRUCTION LUBRICANTS MARKET, BY TYPE (Page No. - 97)
    8.1 INTRODUCTION 
          FIGURE 39 ENGINE OIL SEGMENT TO LEAD CONSTRUCTION LUBRICANTS MARKET DURING FORECAST PERIOD
          TABLE 32 CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
          TABLE 33 CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
          TABLE 34 CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 35 CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (USD MILLION)
    8.2 HYDRAULIC FLUID 
           8.2.1 HUGE DEMAND FROM ASIA PACIFIC REGION TO DRIVE MARKET
                    FIGURE 40 ASIA PACIFIC TO BE LARGEST CONSTRUCTION LUBRICANTS MARKET IN HYDRAULIC FLUID SEGMENT
                    TABLE 36 HYDRAULIC FLUID: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 37 HYDRAULIC FLUID: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 38 HYDRAULIC FLUID: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 39 HYDRAULIC FLUID: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.3 ENGINE OIL 
           8.3.1 GROWING DEMAND FOR OFF-ROAD VEHICLES TO BOOST MARKET
                    FIGURE 41 SOUTH AMERICA TO BE FASTEST-GROWING CONSTRUCTION LUBRICANTS MARKET IN ENGINE OIL SEGMENT
                    TABLE 40 ENGINE OIL: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 41 ENGINE OIL: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 42 ENGINE OIL: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 43 ENGINE OIL: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.4 GEAR OIL 
           8.4.1 EXTENSIVE USE OF MINERAL-BASED GEAR OIL IN CONSTRUCTION INDUSTRY TO DRIVE MARKET
                    FIGURE 42 MIDDLE EAST & AFRICA TO BE SECOND-FASTEST GROWING CONSTRUCTION LUBRICANTS MARKET IN GEAR OIL SEGMENT
                    TABLE 44 GEAR OIL: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 45 GEAR OIL: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 46 GEAR OIL: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 47 GEAR OIL: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.5 AUTOMATIC TRANSMISSION FLUID 
           8.5.1 ASIA PACIFIC TO LEAD SEGMENT
                    FIGURE 43 EUROPE TO BE SECOND-LARGEST CONSTRUCTION LUBRICANTS MARKET IN AUTOMATIC TRANSMISSION FLUID SEGMENT
                    TABLE 48 AUTOMATIC TRANSMISSION FLUID: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 49 AUTOMATIC TRANSMISSION FLUID: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 50 AUTOMATIC TRANSMISSION FLUID: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 51 AUTOMATIC TRANSMISSION FLUID: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.6 GREASE 
           8.6.1 ENHANCED WATER RESISTANCE AND DURABILITY OF MACHINES TO DRIVE MARKET
                    FIGURE 44 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN GREASE SEGMENT
                    TABLE 52 GREASE: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 53 GREASE: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 54 GREASE: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 55 GREASE: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.7 COMPRESSOR OIL 
           8.7.1 HIGH DEMAND FOR SYNTHETIC COMPRESSOR OIL TO SUPPORT MARKET GROWTH
                    FIGURE 45 NORTH AMERICA TO BE SECOND-LARGEST CONSTRUCTION LUBRICANTS MARKET IN COMPRESSOR OIL SEGMENT
                    TABLE 56 COMPRESSOR OIL: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2017–2020 (KILOTON)
                    TABLE 57 COMPRESSOR OIL: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2021–2027 (KILOTON)
                    TABLE 58 COMPRESSOR OIL: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 59 COMPRESSOR OIL: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.8 OTHERS 
          FIGURE 46 NORTH AMERICA TO BE LARGEST MARKET IN OTHER CONSTRUCTION LUBRICANTS
          TABLE 60 OTHERS: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (KILOTON)
          TABLE 61 OTHERS: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (KILOTON)
          TABLE 62 OTHERS: CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (USD MILLION)
          TABLE 63 OTHERS: CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (USD MILLION)
 
9 CONSTRUCTION LUBRICANTS MARKET, BY EQUIPMENT (Page No. - 117)
    9.1 INTRODUCTION 
    9.2 EARTHMOVING EQUIPMENT 
           9.2.1 EXCAVATORS
                    9.2.1.1 Crawler excavators
                    9.2.1.2 Mini excavators
                    9.2.1.3 Wheeled excavators
           9.2.2 LOADERS
                    9.2.2.1 Crawler loaders
                    9.2.2.2 Wheeled loaders
                    9.2.2.3 Skid-steer loaders
                    9.2.2.4 Backhoe loaders
           9.2.3 CRAWLER DOZERS
           9.2.4 MOTOR GRADERS
           9.2.5 OTHERS
    9.3 MATERIAL HANDLING EQUIPMENT 
    9.4 HEAVY CONSTRUCTION VEHICLES 
    9.5 OTHERS 
           9.5.1 COMPACTORS AND ROAD ROLLERS
           9.5.2 PAVERS/ASPHALT FINISHERS
           9.5.3 OTHER EQUIPMENT AND MACHINERY
 
10 CONSTRUCTION LUBRICANTS MARKET, BY REGION (Page No. - 120)
     10.1 INTRODUCTION 
             FIGURE 47 ASIA PACIFIC TO BE FASTEST-GROWING CONSTRUCTION LUBRICANTS MARKET BETWEEN 2022 AND 2027
             TABLE 64 CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (KILOTON)
             TABLE 65 CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (KILOTON)
             TABLE 66 CONSTRUCTION LUBRICANTS MARKET, BY REGION, 2017–2020 (USD MILLION)
             TABLE 67 CONSTRUCTION LUBRICANT MARKET, BY REGION, 2021–2027 (USD MILLION)
     10.2 ASIA PACIFIC 
             FIGURE 48 ASIA PACIFIC: CONSTRUCTION LUBRICANTS MARKET SNAPSHOT
             10.2.1 IMPACT OF RECESSION
             10.2.2 ASIA PACIFIC CONSTRUCTION LUBRICANTS MARKET, BY BASE OIL
                        TABLE 68 ASIA PACIFIC: CONSTRUCTION LUBRICANT MARKET, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 69 ASIA PACIFIC: MARKET, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 70 ASIA PACIFIC: MARKET, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 71 ASIA PACIFIC: MARKET, BY BASE OIL, 2021–2027 (USD MILLION)
             10.2.3 ASIA PACIFIC CONSTRUCTION LUBRICANTS MARKET, BY TYPE
                        TABLE 72 ASIA PACIFIC: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2017–2020 (KILOTON)
                        TABLE 73 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2021–2027 (KILOTON)
                        TABLE 74 ASIA PACIFIC: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                        TABLE 75 ASIA PACIFIC: MARKET, BY TYPE, 2021–2027 (USD MILLION)
             10.2.4 ASIA PACIFIC CONSTRUCTION LUBRICANTS MARKET, BY COUNTRY
                        TABLE 76 ASIA PACIFIC: CONSTRUCTION LUBRICANT MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 77 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 78 ASIA PACIFIC: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 79 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.2.4.1 China
                                     10.2.4.1.1 Growing demand for high-quality lubricants in China to drive market
                                                     TABLE 80 CHINA: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 81 CHINA: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 82 CHINA: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 83 CHINA: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.2.4.2 Japan
                                     10.2.4.2.1 Government’s heavy investment in reconstruction segment to drive market
                                                     TABLE 84 JAPAN: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 85 JAPAN: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 86 JAPAN: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 87 JAPAN: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.2.4.3 India
                                     10.2.4.3.1 Favorable economic policies to drive market
                                                     TABLE 88 INDIA: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 89 INDIA: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 90 INDIA: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 91 INDIA: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.2.4.4 Australia
                                     10.2.4.4.1 Development in manufacturing infrastructure to drive demand
                                                     TABLE 92 AUSTRALIA: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 93 AUSTRALIA: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 94 AUSTRALIA: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 95 AUSTRALIA: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.2.4.5 South Korea
                                     10.2.4.5.1 Increasing investments in public infrastructures to generate high demand for construction lubricants
                                                     TABLE 96 SOUTH KOREA: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 97 SOUTH KOREA: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 98 SOUTH KOREA: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 99 SOUTH KOREA: MARKET, BY TYPE, 2021–2027 (USD MILLION)
     10.3 NORTH AMERICA 
             FIGURE 49 NORTH AMERICA: CONSTRUCTION LUBRICANTS MARKET SNAPSHOT
             10.3.1 IMPACT OF RECESSION
             10.3.2 NORTH AMERICA: CONSTRUCTION LUBRICANTS MARKET, BY BASE OIL
                        TABLE 100 NORTH AMERICA: CONSTRUCTION LUBRICANT MARKET, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 101 NORTH AMERICA: MARKET, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 102 NORTH AMERICA: MARKET, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 103 NORTH AMERICA: MARKET, BY BASE OIL, 2021–2027 (USD MILLION)
             10.3.3 NORTH AMERICA: CONSTRUCTION LUBRICANTS MARKET, BY TYPE
                        TABLE 104 NORTH AMERICA: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2017–2020 (KILOTON)
                        TABLE 105 NORTH AMERICA: MARKET, BY TYPE, 2021–2027 (KILOTON)
                        TABLE 106 NORTH AMERICA: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                        TABLE 107 NORTH AMERICA: MARKET, BY TYPE, 2021–2027 (USD MILLION)
             10.3.4 NORTH AMERICA: CONSTRUCTION LUBRICANTS MARKET, BY COUNTRY
                        TABLE 108 NORTH AMERICA: CONSTRUCTION LUBRICANT MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 109 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 110 NORTH AMERICA: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 111 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.3.4.1 US
                                     10.3.4.1.1 Rise in automation in construction industry to drive market
                                                     TABLE 112 US: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 113 US: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 114 US: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 115 US: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.3.4.2 Canada
                                     10.3.4.2.1 Gradual rise in demand for construction lubricants to drive market
                                                     TABLE 116 CANADA: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 117 CANADA: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 118 CANADA: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 119 CANADA: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.3.4.3 Mexico
                                     10.3.4.3.1 Growth of infrastructural development to drive market
                                                     TABLE 120 MEXICO: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 121 MEXICO: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 122 MEXICO: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 123 MEXICO: MARKET, BY TYPE, 2021–2027 (USD MILLION)
     10.4 EUROPE 
             FIGURE 50 EUROPE: CONSTRUCTION LUBRICANTS MARKET SNAPSHOT
             10.4.1 IMPACT OF RECESSION
             10.4.2 EUROPE CONSTRUCTION LUBRICANTS MARKET, BY BASE OIL
                        TABLE 124 EUROPE: CONSTRUCTION LUBRICANT MARKET, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 125 EUROPE: MARKET, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 126 EUROPE: MARKET, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 127 EUROPE: CONSTRUCTION LUBRICANTS MARKET, BY BASE OIL, 2021–2027 (USD MILLION)
             10.4.3 EUROPE CONSTRUCTION LUBRICANTS MARKET, BY TYPE
                        TABLE 128 EUROPE: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2017–2020 (KILOTON)
                        TABLE 129 EUROPE: MARKET, BY TYPE, 2021–2027 (KILOTON)
                        TABLE 130 EUROPE: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                        TABLE 131 EUROPE: MARKET, BY TYPE, 2021–2027 (USD MILLION)
             10.4.4 EUROPE CONSTRUCTION LUBRICANTS MARKET, BY COUNTRY
                        TABLE 132 EUROPE: CONSTRUCTION LUBRICANT MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 133 EUROPE: MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 134 EUROPE: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 135 EUROPE: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.4.4.1 Germany
                                     10.4.4.1.1 Transportation, infrastructure, and energy projects to generate demand for construction lubricants
                                                     TABLE 136 GERMANY: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 137 GERMANY: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 138 GERMANY: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 139 GERMANY: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.4.4.2 UK
                                     10.4.4.2.1 Growth of manufacturing and construction industries to fuel market growth
                                                     TABLE 140 UK: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 141 UK: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 142 UK: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 143 UK: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.4.4.3 France
                                     10.4.4.3.1 Increase in investments for commercial and industrial projects to drive market
                                                     TABLE 144 FRANCE: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 145 FRANCE: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 146 FRANCE: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 147 FRANCE: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.4.4.4 Spain
                                     10.4.4.4.1 Increased FDI and investor confidence to augment demand
                                                     TABLE 148 SPAIN: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 149 SPAIN: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 150 SPAIN: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 151 SPAIN: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.4.4.5 Italy
                                     10.4.4.5.1 Energy infrastructure projects to drive market
                                                     TABLE 152 ITALY: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 153 ITALY: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 154 ITALY: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 155 ITALY: MARKET, BY TYPE, 2021–2027 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 IMPACT OF RECESSION
             10.5.2 MIDDLE EAST & AFRICA CONSTRUCTION LUBRICANTS MARKET, BY BASE OIL
                        TABLE 156 MIDDLE EAST & AFRICA: CONSTRUCTION LUBRICANT MARKET, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 157 MIDDLE EAST & AFRICA: MARKET, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 158 MIDDLE EAST & AFRICA: MARKET, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 159 MIDDLE EAST & AFRICA: MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
             10.5.3 MIDDLE EAST & AFRICA CONSTRUCTION LUBRICANTS MARKET, BY TYPE
                        TABLE 160 MIDDLE EAST & AFRICA: CONSTRUCTION LUBRICANT MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                        TABLE 161 MIDDLE EAST & AFRICA: MARKET SIZE, BY TYPE, 2021–2027 (KILOTON)
                        TABLE 162 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                        TABLE 163 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2021–2027 (USD MILLION)
             10.5.4 MIDDLE EAST & AFRICA CONSTRUCTION LUBRICANTS MARKET, BY COUNTRY
                        TABLE 164 MIDDLE EAST & AFRICA: CONSTRUCTION LUBRICANT MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 165 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 166 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 167 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.5.4.1 Turkey
                                     10.5.4.1.1 Rising domestic construction to drive market
                                                     TABLE 168 TURKEY: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 169 TURKEY: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 170 TURKEY: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 171 TURKEY: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.5.4.2 Saudi Arabia
                                     10.5.4.2.1 Rising population and renewable energy infrastructure to drive market
                                                     TABLE 172 SAUDI ARABIA: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 173 SAUDI ARABIA: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 174 SAUDI ARABIA: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 175 SAUDI ARABIA: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.5.4.3 UAE
                                     10.5.4.3.1 Growing infrastructure activities to drive market
                                                     TABLE 176 UAE: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 177 UAE CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 178 UAE: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 179 UAE: MARKET, BY TYPE, 2021–2027 (USD MILLION)
     10.6 SOUTH AMERICA 
             10.6.1 IMPACT OF RECESSION
             10.6.2 SOUTH AMERICA CONSTRUCTION LUBRICANTS MARKET, BY BASE OIL
                        TABLE 180 SOUTH AMERICA: CONSTRUCTION LUBRICANT MARKET, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 181 SOUTH AMERICA: MARKET, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 182 SOUTH AMERICA: MARKET, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 183 SOUTH AMERICA: MARKET, BY BASE OIL, 2021–2027 (USD MILLION)
             10.6.3 SOUTH AMERICA CONSTRUCTION LUBRICANTS MARKET, BY TYPE
                        TABLE 184 SOUTH AMERICA: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2017–2020 (KILOTON)
                        TABLE 185 SOUTH AMERICA: MARKET, BY TYPE, 2021–2027 (KILOTON)
                        TABLE 186 SOUTH AMERICA: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                        TABLE 187 SOUTH AMERICA: MARKET, BY TYPE, 2021–2027 (USD MILLION)
             10.6.4 SOUTH AMERICA CONSTRUCTION LUBRICANTS MARKET, BY COUNTRY
                        TABLE 188 SOUTH AMERICA: CONSTRUCTION LUBRICANT MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 189 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 190 SOUTH AMERICA: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 191 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.6.4.1 Brazil
                                     10.6.4.1.1 Rising middle-class population to boost demand
                                                     TABLE 192 BRAZIL: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 193 BRAZIL: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 194 BRAZIL: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 195 BRAZIL: MARKET, BY TYPE, 2021–2027 (USD MILLION)
                        10.6.4.2 Argentina
                                     10.6.4.2.1 Increase in infrastructure projects to drive demand
                                                     TABLE 196 ARGENTINA: CONSTRUCTION LUBRICANTS MARKET, BY TYPE, 2017–2020 (KILOTON)
                                                     TABLE 197 ARGENTINA: CONSTRUCTION LUBRICANT MARKET, BY TYPE, 2021–2027 (KILOTON)
                                                     TABLE 198 ARGENTINA: MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                                     TABLE 199 ARGENTINA: MARKET, BY TYPE, 2021–2027 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 188)
     11.1 INTRODUCTION 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY CONSTRUCTION LUBRICANT MANUFACTURERS
     11.3 MARKET SHARE ANALYSIS 
             11.3.1 RANKING OF KEY MARKET PLAYERS, 2021
                        FIGURE 51 RANKING OF TOP FIVE PLAYERS IN CONSTRUCTION LUBRICANTS MARKET, 2021
             11.3.2 DEGREE OF COMPETITION OF KEY PLAYERS
                        TABLE 200 CONSTRUCTION LUBRICANTS MARKET: DEGREE OF COMPETITION
                        FIGURE 52 SHELL PLC ACCOUNTED FOR LARGEST SHARE OF CONSTRUCTION LUBRICANTS MARKET IN 2021
                        FIGURE 53 REVENUE ANALYSIS OF KEY COMPANIES IN PAST FIVE YEARS
     11.4 COMPANY PRODUCT FOOTPRINT ANALYSIS 
             FIGURE 54 CONSTRUCTION LUBRICANTS MARKET: COMPANY FOOTPRINT
             TABLE 201 CONSTRUCTION LUBRICANT MARKET: TYPE FOOTPRINT
             TABLE 202 CONSTRUCTION LUBRICANTS MARKET: EQUIPMENT TYPE FOOTPRINT
             TABLE 203 CONSTRUCTION LUBRICANT MARKET: COMPANY REGION FOOTPRINT
     11.5 COMPANY EVALUATION QUADRANT (TIER 1) 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PARTICIPANTS
             11.5.4 PERVASIVE PLAYERS
                        FIGURE 55 COMPANY EVALUATION QUADRANT FOR CONSTRUCTION LUBRICANTS MARKET (TIER 1)
     11.6 COMPETITIVE BENCHMARKING 
             TABLE 204 CONSTRUCTION LUBRICANTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 205 CONSTRUCTION LUBRICANT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.7 STARTUP/SME EVALUATION QUADRANT 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 STARTING BLOCKS
             11.7.4 DYNAMIC COMPANIES
                        FIGURE 56 STARTUPS/SMES EVALUATION QUADRANT FOR CONSTRUCTION LUBRICANTS MARKET
     11.8 COMPETITIVE SITUATIONS AND TRENDS 
             11.8.1 PRODUCT LAUNCHES
                        TABLE 206 CONSTRUCTION LUBRICANT MARKET: PRODUCT LAUNCHES (2019–2022)
             11.8.2 DEALS
                        TABLE 207 CONSTRUCTION LUBRICANTS MARKET: DEALS (2019–2022)
             11.8.3 OTHER DEVELOPMENTS
                        TABLE 208 CONSTRUCTION LUBRICANT MARKET: OTHER DEVELOPMENTS (2019–2022)
 
12 COMPANY PROFILES (Page No. - 205)
(Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths, Strategic choices, Weakness and competitive threats)*
     12.1 MAJOR PLAYERS 
             12.1.1 SHELL PLC
                        FIGURE 57 SHELL PLC: COMPANY SNAPSHOT
                        TABLE 209 SHELL PLC: COMPANY OVERVIEW
             12.1.2 CHEVRON CORPORATION
                        FIGURE 58 CHEVRON CORPORATION: COMPANY SNAPSHOT
                        TABLE 210 CHEVRON CORPORATION: COMPANY OVERVIEW
             12.1.3 BP P.L.C.
                        FIGURE 59 BP P.L.C.: COMPANY SNAPSHOT
                        TABLE 211 BP P.L.C.: COMPANY OVERVIEW
             12.1.4 TOTALENERGIES SE
                        FIGURE 60 TOTALENERGIES SE: COMPANY SNAPSHOT
                        TABLE 212 TOTALENERGIES SE: COMPANY OVERVIEW
             12.1.5 EXXON MOBIL CORPORATION
                        FIGURE 61 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
                        TABLE 213 EXXON MOBIL CORPORATION: COMPANY OVERVIEW
             12.1.6 FUCHS PETROLUB SE
                        FIGURE 62 FUCHS PETROLUB SE: COMPANY SNAPSHOT
                        TABLE 214 FUCHS PETROLUB SE: COMPANY OVERVIEW
             12.1.7 SINOPEC CORP.
                        FIGURE 63 SINOPEC CORP.: COMPANY SNAPSHOT
                        TABLE 215 SINOPEC CORP.: COMPANY OVERVIEW
             12.1.8 LUKOIL
                        FIGURE 64 LUKOIL: COMPANY SNAPSHOT
                        TABLE 216 LUKOIL: COMPANY OVERVIEW
             12.1.9 INDIAN OIL CORPORATION LIMITED
                        FIGURE 65 INDIAN OIL CORPORATION LIMITED: COMPANY SNAPSHOT
                        TABLE 217 INDIAN OIL CORPORATION LIMITED: COMPANY OVERVIEW
             12.1.10 PETRONAS
                        FIGURE 66 PETRONAS: COMPANY SNAPSHOT
                        TABLE 218 PETRONAS: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths, Strategic choices, Weakness and competitive threats might not be captured in case of unlisted companies.
     12.2 OTHER KEY MARKET PLAYERS 
             12.2.1 BEL-RAY COMPANY, LLC.
                        TABLE 219 BEL RAY COMPANY, LLC.: COMPANY OVERVIEW
             12.2.2 MORRIS LUBRICANTS
                        TABLE 220 MORRIS LUBRICANTS: COMPANY OVERVIEW
             12.2.3 PENRITE OIL COMPANY
                        TABLE 221 PENRITE OIL COMPANY: COMPANY OVERVIEW
             12.2.4 LIQUI MOLY GMBH
                        TABLE 222 LIQUI MOLY GMBH: COMPANY OVERVIEW
             12.2.5 ENI S.P.A.
                        TABLE 223 ENI S.P.A.: COMPANY OVERVIEW
             12.2.6 ADDINOL LUBE OIL GMBH
                        TABLE 224 ADDINOL LUBE OIL GMBH: COMPANY OVERVIEW
             12.2.7 DYADE LUBRICANTS
                        TABLE 225 DYADE LUBRICANTS: COMPANY OVERVIEW
             12.2.8 KLUBER LUBRICATION
                        TABLE 226 KLUBER LUBRICATION: COMPANY OVERVIEW
             12.2.9 LUBRIPLATE LUBRICANTS COMPANY
                        TABLE 227 LUBRIPLATE LUBRICANTS COMPANY: COMPANY OVERVIEW
             12.2.10 SASOL LIMITED
                        TABLE 228 SASOL LIMITED: COMPANY OVERVIEW
             12.2.11 PETRO-CANADA LUBRICANTS INC.
                        TABLE 229 PETRO-CANADA LUBRICANTS INC.: COMPANY OVERVIEW
             12.2.12 PHILLIPS 66
                        TABLE 230 PHILLIPS 66: COMPANY OVERVIEW
             12.2.13 US LUBRICANTS
                        TABLE 231 US LUBRICANTS: COMPANY OVERVIEW
             12.2.14 PERTAMINA
                        TABLE 232 PERTAMINA: COMPANY OVERVIEW
             12.2.15 ENEOS HOLDINGS, INC.
                        TABLE 233 ENEOS HOLDINGS, INC.: COMPANY OVERVIEW
 
13 ADJACENT & RELATED MARKETS (Page No. - 244)
     13.1 INTRODUCTION 
     13.2 LIMITATIONS 
     13.3 HYDRAULIC FLUIDS MARKET 
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
                        TABLE 234 HYDRAULIC FLUIDS MARKET, BY REGION, 2017–2020 (KILOTON)
                        TABLE 235 HYDRAULIC FLUIDS MARKET, BY REGION, 2017–2020 (USD MILLION)
                        13.3.2.1 Asia Pacific
                                      TABLE 236 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                                      TABLE 237 ASIA PACIFIC: HYDRAULIC FLUIDS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        13.3.2.2 Europe
                                      TABLE 238 EUROPE: HYDRAULIC FLUIDS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                                      TABLE 239 EUROPE: HYDRAULIC FLUIDS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        13.3.2.3 North America
                                      TABLE 240 NORTH AMERICA: HYDRAULIC FLUIDS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                                      TABLE 241 NORTH AMERICA: HYDRAULIC FLUIDS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        13.3.2.4 Middle East & Africa
                                      TABLE 242 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                                      TABLE 243 MIDDLE EAST & AFRICA: HYDRAULIC FLUIDS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        13.3.2.5 South America
                                      TABLE 244 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET, BY COUNTRY, 2017–2020 (KILOTON)
                                      TABLE 245 SOUTH AMERICA: HYDRAULIC FLUIDS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
 
14 APPENDIX (Page No. - 250)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

The study involved four major activities in estimating the current size of the construction lubricants market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering construction lubricants and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the construction lubricants industry, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the construction lubricants market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa and South America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from construction lubricants vendors; system integrators; component providers; distributors; and key opinion leaders.

Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using construction lubricants, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of construction lubricants and future outlook of their business which will affect the overall market.

The Breakdown of Primary Research

Construction Lubricants Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2021 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure


COMPANY NAME

DESIGNATION

Shell plc

Vice-President

ExxonMobil Corporation

Director

BP p.l.c.

Project Manager

Chevron Corporation

Sales Manager

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the size of the construction lubricants market.

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.

Global Construction Lubricants Market Size: Bottum Up Approach

Construction Lubricants Market Size, and Share

Source: MarketsandMarkets Analysis

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of construction lubricants.

Market Definition

Construction lubricants are materials applied to decrease the friction between moving surfaces and parts. Construction lubricants help improve the efficiency of the equipment and machines used in the construction industry. These lubricants tend to have different viscosity applied on different equipment across building and construction industries.

Key Stakeholders

  • Senior Management
  • End User
  • Finance/Procurement Department
  • R&D Department

Report Objectives

  • To define, describe, segment, and forecast the size of the construction lubricants market based on base oil, type, equipment, and region
  • To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, South America, Middle East & Africa, along with major countries in each region
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the construction lubricants market
  • To analyze technological advancements and product launches in the market
  • To strategically analyze micro markets, with respect to their growth trends, prospects, and their contribution to the market
  • To identify financial positions, key products, and key developments of leading companies in the market
  • To provide a detailed competitive landscape of the market, along with market share analysis
  • To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
  • To strategically profile key players in the market and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the construction lubricants market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the construction lubricants market
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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