Market Overview:
The global lubricating oil analysis service market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lubricating oil analysis services from transportation, industrial, and oil & gas sectors. Additionally, the growing awareness about the benefits of lubricating oil analysis services is also contributing to the growth of this market.
Product Definition:
Lubricating Oil Analysis Service is the process of analyzing the lubricating oil in order to identify any potential problems that may occur. This service can help to improve equipment reliability and extend the life of the oil.
Coolant Analysis:
The global coolant analysis market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of rising demand for lubricating oils from various end-use industries including automotive, construction, marine and power generation among others. Coolants are additives that prevent the engine from overheating by maintaining an appropriate temperature balance within the system.
Grease Analysis:
The global grease analysis and it's usage in lubricating oil analysis service market size was valued at USD 6.5 billion in 2016. It is expected to witness a CAGR of XX% over the forecast period owing to rising demand for lubricants from various end-use industries such as automotive, aerospace & defense, construction equipment, and industrial machinery among others.
Application Insights:
The transportation segment dominated the global lubricating oil analysis service market in 2017 and is expected to witness significant growth over the forecast period. The growing automotive industry, particularly in Asia Pacific and Middle East & Africa, is anticipated to drive growth. Furthermore, increasing penetration of electric vehicles across major economies such as U.S., China, Germany and France is likely to augment demand for lubricants during the estimated period.
Industrial application accounted for a share of 28% in 2017 owing to extensive usage of LMOs in various industries including chemical processing, metalworking and cement manufacturing among others which require high-performance fluids with excellent resistance properties under extreme operating conditions such as temperature & pressure fluctuations. In addition, stringent government regulations regarding contamination by toxic elements are projected to propel product demand from industrial applications over the forecast period thereby driving overall market growth globally.
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 rising industrialization, increasing population, rapid urbanization and growing economic conditions. Asia Pacific has been witnessing robust economic growth on account of strong demand from end-use industries such as transportation, energy & power, construction etc.
The manufacturing sector in China is likely to grow at a significant rate owing to low labor costs coupled with easy access to energy sources such as coal for industrial processing purposes. In addition, favorable government policies encouraging domestic consumption are anticipated to boost product demand over the coming years in China’s vast machinery industry sector including heavy equipment and off-highway vehicles among others.
Growth Factors:
- Increasing demand for automobiles and heavy vehicles
- Growing industrialization and urbanization in developing countries
- Stringent environmental regulations for the automotive industry
- Proliferation of lubricating oil analysis service providers
- Technological advancements in lubricating oil analysis
Scope Of The Report
Report Attributes
Report Details
Report Title
Lubricating Oil Analysis 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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Lubricating Oil Analysis Service Market Report Segments:
The global Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis 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?
Lubricating oil analysis is a service that provides information on the composition and quality of lubricating oils used in industrial and automotive applications.
Some of the key players operating in the lubricating oil analysis service market are Bureau Veritas, SGS, Intertek Group, Shell, Chevron Corporation, Castrol, Unimarine, Tech Mahindra, Trico Corp, Total, Eni.
The lubricating oil analysis service market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lubricating Oil Analysis 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 Lubricating Oil Analysis Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis Service Market Size & Forecast, 2018-2028
4.5.1 Lubricating Oil Analysis Service Market Size and Y-o-Y Growth
4.5.2 Lubricating Oil Analysis Service Market Absolute $ Opportunity
Chapter 5 Global Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis Service Analysis and Forecast
9.1 Introduction
9.2 North America Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis Service Analysis and Forecast
10.1 Introduction
10.2 Europe Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Lubricating Oil Analysis 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 Lubricating Oil Analysis 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 Lubricating Oil Analysis 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) Lubricating Oil Analysis Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lubricating Oil Analysis 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) Lubricating Oil Analysis 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) Lubricating Oil Analysis 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 Lubricating Oil Analysis Service Market: Competitive Dashboard
14.2 Global Lubricating Oil Analysis 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
