Published Date : May 15, 2017
ALBANY, New York, May 15, 2017 - MarketResearchReports.biz has announced the addition of a new report, titled “EMEA (Europe, Middle East and Africa) Synthetic Lubricants Market Report 2017” to its offering. The comprehensive report on the Europe, the Middle East and Africa market for synthetic lubricants provides in-depth insights into the current market status, key market dynamics, notable trends and lucrative opportunities, technological advancements, and competitive dynamics. The research study offers a detailed reports of the estimated market share and size of key application segments along the forecast period from 2016 to 2022.
The report highlights the recent investments in research and development in making improved grades of synthetic lubricants and elaborates on prominent technological advancements. The study takes a closer look at the key regional regulations and evaluates their impact on emerging opportunities. The major countries covered in the research reports are Germany, the UK, France, Russia, Benelux, and Italy (Europe); Iran, Saudi Arabia, UAE, and Israel (the Middle East); and South Africa, Egypt, Algeria, and Nigeria (Africa). The recent developments in major end-use industries expected to boost the sale of synthetic lubricants are covered in the study.
The increasing use of synthetic lubricants for a wide range of industrial applications and the burgeoning automotive and mining industries across various regions are the key factors driving the EMEA market for synthetic lubricants. The rapid pace of industrialization in developing regions has propelled the demand for high-performing lubricants, thereby boosting the EMEA synthetic lubricants market.
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The soaring demand for synthetic lubricants is stimulated by the number of advantages they offer such as high viscosity, enhanced energy efficiency, wide operating temperature range, and remarkable water-solubility. In addition, the use of synthetic lubricants in engines helps in reducing maintenance and a safer operation.
The higher cost of synthetic lubricants when compared to conventional mineral oils is likely to impede the market to an extent. In addition, the advent of environment-friendly and bio-based products is expected to hinder the demand for synthetic lubricants in the EMEA in the near future. Nevertheless, increasing awareness of consumers about these features catalyze the demand for synthetic lubricants in the EMEA. Strict governmental regulations in some countries of the EMEA are expected to boost the uptake of synthetic lubricants.
The report highlights the raw material sources of major manufacturer and the measures taken by distributors to strengthen their presence in the EMEA market. Furthermore, the strategies adopted by leading manufacturers in the EMEA to consolidate their market shares across various regions are analyzed in the report. Top players are actively making product innovations, improving their distribution channels, and devising impactful brand positioning strategies to gain a competitive over others.
Some of the major players operating in the EMEA synthetic lubricants market are Fuchs Petrolub SE, BASF SE, Idemitsu Kosan, Ashland Valvoline, Chevron, JX Group, BP P.L.C., Royal Dutch Shell plc, and Exxon Mobil Corporation.
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