Market Overview:
The global lubricant testing service market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lubricants from various end-use industries, such as transportation, industrial, oil & gas, energy & power, mining and others. In addition, the growing awareness about the benefits of using quality lubricants is also contributing to the growth of this market. The global lubricant testing service market can be segmented on the basis of type into coolant analysis, grease analysis metalworking fluids analysis and other types. The coolant analysis segment is expected to account for a major share in terms of revenue in 2018 owing to its widespread use across various end-use industries. On the basis of application, transportation accounted for a major share in 2017 and is projected to grow at a CAGR of 6% during 2018-2030 due its growing demand from automotive and aerospace sectors across different regions globally.
Product Definition:
Lubricant testing service is a service that helps to ensure the quality of lubricants. Lubricants play an important role in many industries, and it is important to make sure they are of high quality. Lubricant testing can help identify problems with lubricants and help improve their quality.
Coolant Analysis:
Coolant analysis is a technique used to measure the concentration of various components in coolants such as water, alcohols, glycols and other organic compounds. The most commonly analyzed components are antifreeze/cooling agents (AF), water, ethylene glycol (EG) and propylene glycol (PG). These are the majorly consumed coolants in automotive applications.
Grease Analysis:
The global grease analysis and it's usage in lubricant testing market is expected to witness significant growth over the forecast period. Grease analysis is a procedure carried out to identify various components present in lubricants. It helps analyze several properties of greases such as viscosity, solid content, water content, flash points and pour points among others. These factors play an important role while selecting appropriate lubricants for different applications which may include automotive & transportation or industrial machinery among others.
Application Insights:
The transportation segment dominated the global lubricant testing service market in 2017 and is expected to maintain its lead over the forecast period. The growth of this segment can be attributed to increasing automotive production across the globe. Automotive manufacturers are continuously looking for ways to improve fuel efficiency and reduce emissions, which has resulted in increased focus on lubricants used in vehicles. This trend is projected to continue over the coming years, thereby driving demand for analysis services related with lubricant properties required for vehicle performance.
Industrial applications accounted for a significant share of 15% in 2017 owing to rising demand from various industries including oil & gas, mining and energy & power across the globe. Industrial oils are used extensively across several applications such as machinery components that require high resistance against oxidation corrosion heat aging (OHCA) stability against temperature viscosity index (TI) etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for lubricant testing services from various application industries. Furthermore, rising investments by multinational companies for designing efficient production facilities will drive the regional market further.
The Asia Pacific was followed by Europe in terms of revenue share and is projected to grow at a significant rate over the forecast period owing to growing industrialization across countries such as Germany, France, Italy, Russia among others are anticipated to boost product demand in metalworking fluids analysis applications.
North America accounted for more than 15% of total revenue share captured in 2017 due primarily expansionary activities being undertaken within U.
Growth Factors:
- Increasing demand for lubricants from the automotive and industrial sectors
- Growing awareness about the benefits of using lubricants
- Rising demand for high-performance lubricants
- Proliferation of new technologies and applications that require specialized testing services
- Growing number of research and development activities in the field of lubricant technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Lubricant Testing Service Market Research Report
By Type
Coolant Analysis, Grease Analysis, Metalworking Fluids Analysis, Other
By Application
Transportation, Industrial, Oil & Gas, Energy & Power, Mining, Other
By Companies
Bureau Veritas, SGS, Intertek Group, Shell, Chevron Corporation, Castrol, Unimarine, Tech Mahindra, Trico Corp, Total, Eni
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Lubricant Testing Service Market Report Segments:
The global Lubricant Testing Service market is segmented on the basis of:
Types
Coolant Analysis, Grease Analysis, Metalworking Fluids Analysis, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation, Industrial, Oil & Gas, Energy & Power, Mining, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bureau Veritas
- SGS
- Intertek Group
- Shell
- Chevron Corporation
- Castrol
- Unimarine
- Tech Mahindra
- Trico Corp
- Total
- Eni
Highlights of The Lubricant Testing Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Coolant Analysis
- Grease Analysis
- Metalworking Fluids Analysis
- Other
- By Application:
- Transportation
- Industrial
- Oil & Gas
- Energy & Power
- Mining
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lubricant Testing Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lubricant testing service is a type of laboratory testing that is used to determine the lubricity, viscosity and film strength of lubricants.
Some of the major companies in the lubricant testing service market are Bureau Veritas, SGS, Intertek Group, Shell, Chevron Corporation, Castrol, Unimarine, Tech Mahindra, Trico Corp, Total, Eni.
The lubricant testing service market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lubricant Testing Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lubricant Testing Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lubricant Testing Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lubricant Testing Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lubricant Testing Service Market Size & Forecast, 2018-2028
4.5.1 Lubricant Testing Service Market Size and Y-o-Y Growth
4.5.2 Lubricant Testing Service Market Absolute $ Opportunity
Chapter 5 Global Lubricant Testing Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lubricant Testing Service Market Size Forecast by Type
5.2.1 Coolant Analysis
5.2.2 Grease Analysis
5.2.3 Metalworking Fluids Analysis
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lubricant Testing Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lubricant Testing Service Market Size Forecast by Applications
6.2.1 Transportation
6.2.2 Industrial
6.2.3 Oil & Gas
6.2.4 Energy & Power
6.2.5 Mining
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lubricant Testing Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lubricant Testing Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lubricant Testing Service Analysis and Forecast
9.1 Introduction
9.2 North America Lubricant Testing Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lubricant Testing Service Market Size Forecast by Type
9.6.1 Coolant Analysis
9.6.2 Grease Analysis
9.6.3 Metalworking Fluids Analysis
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lubricant Testing Service Market Size Forecast by Applications
9.10.1 Transportation
9.10.2 Industrial
9.10.3 Oil & Gas
9.10.4 Energy & Power
9.10.5 Mining
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lubricant Testing Service Analysis and Forecast
10.1 Introduction
10.2 Europe Lubricant Testing Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lubricant Testing Service Market Size Forecast by Type
10.6.1 Coolant Analysis
10.6.2 Grease Analysis
10.6.3 Metalworking Fluids Analysis
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lubricant Testing Service Market Size Forecast by Applications
10.10.1 Transportation
10.10.2 Industrial
10.10.3 Oil & Gas
10.10.4 Energy & Power
10.10.5 Mining
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lubricant Testing Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lubricant Testing Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lubricant Testing Service Market Size Forecast by Type
11.6.1 Coolant Analysis
11.6.2 Grease Analysis
11.6.3 Metalworking Fluids Analysis
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lubricant Testing Service Market Size Forecast by Applications
11.10.1 Transportation
11.10.2 Industrial
11.10.3 Oil & Gas
11.10.4 Energy & Power
11.10.5 Mining
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lubricant Testing Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Lubricant Testing Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lubricant Testing Service Market Size Forecast by Type
12.6.1 Coolant Analysis
12.6.2 Grease Analysis
12.6.3 Metalworking Fluids Analysis
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lubricant Testing Service Market Size Forecast by Applications
12.10.1 Transportation
12.10.2 Industrial
12.10.3 Oil & Gas
12.10.4 Energy & Power
12.10.5 Mining
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lubricant Testing Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lubricant Testing Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lubricant Testing Service Market Size Forecast by Type
13.6.1 Coolant Analysis
13.6.2 Grease Analysis
13.6.3 Metalworking Fluids Analysis
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lubricant Testing Service Market Size Forecast by Applications
13.10.1 Transportation
13.10.2 Industrial
13.10.3 Oil & Gas
13.10.4 Energy & Power
13.10.5 Mining
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lubricant Testing Service Market: Competitive Dashboard
14.2 Global Lubricant Testing Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bureau Veritas
14.3.2 SGS
14.3.3 Intertek Group
14.3.4 Shell
14.3.5 Chevron Corporation
14.3.6 Castrol
14.3.7 Unimarine
14.3.8 Tech Mahindra
14.3.9 Trico Corp
14.3.10 Total
14.3.11 Eni
