Market Overview:
The global neutral antirust turbine oil market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for neutral antirust turbine oils from various end-use industries such as industrial equipment, aerospace, automotive and others. In terms of type, the mineral oil type segment is expected to account for a major share of the global neutral antirust turbine oil market during the forecast period. This can be attributed to its properties such as low cost and high viscosity index that make it suitable for use in various applications.
Product Definition:
A type of turbine oil that is effective in preventing rust and corrosion. It is typically used in applications where the turbine blades are exposed to harsh environments, such as salt water or other corrosive elements.
Mineral Oil Type:
Mineral oil is a by-product obtained during the refining process of petroleum. It is a colorless and tasteless liquid that has been used as an antirust additive in turbine oils to prevent metalworking fluids from solidifying or congealing due to its high flash point.
Synthetic Type:
Synthetic type is a group of chemicals which are manufactured for specific use. It has properties such as high viscosity, low volatility and colorless & odorless nature. Synthetic type is used in the manufacturing process of neutral antirust turbine oil to provide desired characteristics such as anti-wear, anti-tear, high temperature stability and thermal stability.
Application Insights:
The automotive application segment led the global neutral antirust turbine oil market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Rising demand for passenger vehicles in developed economies including Germany, France, UK and Italy on account of increasing disposable income levels coupled with low interest rates has resulted in increased sales of passenger cars which is expected to drive growth over the next few years.
Growing industrialization along with urbanization has resulted in an increase in manufacturing activities across developing countries such as China India Indonesia Vietnam Thailand Malaysia Philippines Brazil Argentina which are projected to have a positive impact on industry growth over the coming years.
Increasing investments by companies including Siemens Gamesa Corp.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid industrialization, which has led to an increasing demand for efficient energy management practices. This factor is anticipated to drive product demand in power generation, manufacturing, and other sectors across Asia Pacific.
The European market was valued at USD X billion in 2017 owing to high product consumption levels coupled with stringent government regulations regarding pollution caused by burning fossil fuels for energy production purposes. In addition, growing environmental concerns have resulted in a shift from conventional turbines oils toward more eco-friendly alternatives such as neutral turbine oil products that are free of sulfur compounds and aromatics components that cause carbon emissions during fuel combustion process or upon emission into the atmosphere during engine operation).
Growth Factors:
- Increasing demand for electric vehicles
- Growing industrialization in developing countries
- Stringent environmental regulations for the protection of equipment and machinery
- Proliferation of renewable energy sources such as wind and solar power
- Technological advancements that improve the performance of antirust turbine oils
Scope Of The Report
Report Attributes
Report Details
Report Title
Neutral Antirust Turbine Oil Market Research Report
By Type
Mineral Oil Type, Synthetic Type
By Application
Industrial Equipment, Aerospace, Automotive, Others
By Companies
Chevron Lubricants, Shell Global, SINOPEC, Total, Quantum Lubricants, Sasol, ExxonMobil, Gulf Oil Marine
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Neutral Antirust Turbine Oil Market Report Segments:
The global Neutral Antirust Turbine Oil market is segmented on the basis of:
Types
Mineral Oil Type, Synthetic Type
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
Industrial Equipment, Aerospace, Automotive, Others
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:
- Chevron Lubricants
- Shell Global
- SINOPEC
- Total
- Quantum Lubricants
- Sasol
- ExxonMobil
- Gulf Oil Marine
Highlights of The Neutral Antirust Turbine Oil 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:
- Mineral Oil Type
- Synthetic Type
- By Application:
- Industrial Equipment
- Aerospace
- Automotive
- Others
- 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 Neutral Antirust Turbine Oil 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?
Neutral antirust turbine oil is a type of engine oil that does not contain any additives that can damage the engine. It is designed to protect the engine from wear and tear, and it helps to reduce emissions.
Some of the major companies in the neutral antirust turbine oil market are Chevron Lubricants, Shell Global, SINOPEC, Total, Quantum Lubricants, Sasol, ExxonMobil, Gulf Oil Marine.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Neutral Antirust Turbine Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Neutral Antirust Turbine Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Neutral Antirust Turbine Oil Market - Supply Chain
4.5. Global Neutral Antirust Turbine Oil Market Forecast
4.5.1. Neutral Antirust Turbine Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Neutral Antirust Turbine Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Neutral Antirust Turbine Oil Market Absolute $ Opportunity
5. Global Neutral Antirust Turbine Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Neutral Antirust Turbine Oil Market Size and Volume Forecast by Type
5.3.1. Mineral Oil Type
5.3.2. Synthetic Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Neutral Antirust Turbine Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Neutral Antirust Turbine Oil Market Size and Volume Forecast by Application
6.3.1. Industrial Equipment
6.3.2. Aerospace
6.3.3. Automotive
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Neutral Antirust Turbine Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Neutral Antirust Turbine Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Neutral Antirust Turbine Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Neutral Antirust Turbine Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Neutral Antirust Turbine Oil Demand Share Forecast, 2019-2026
9. North America Neutral Antirust Turbine Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Neutral Antirust Turbine Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Neutral Antirust Turbine Oil Market Size and Volume Forecast by Application
9.4.1. Industrial Equipment
9.4.2. Aerospace
9.4.3. Automotive
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Neutral Antirust Turbine Oil Market Size and Volume Forecast by Type
9.7.1. Mineral Oil Type
9.7.2. Synthetic Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Neutral Antirust Turbine Oil Demand Share Forecast, 2019-2026
10. Latin America Neutral Antirust Turbine Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Neutral Antirust Turbine Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Neutral Antirust Turbine Oil Market Size and Volume Forecast by Application
10.4.1. Industrial Equipment
10.4.2. Aerospace
10.4.3. Automotive
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Neutral Antirust Turbine Oil Market Size and Volume Forecast by Type
10.7.1. Mineral Oil Type
10.7.2. Synthetic Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Neutral Antirust Turbine Oil Demand Share Forecast, 2019-2026
11. Europe Neutral Antirust Turbine Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Neutral Antirust Turbine Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Neutral Antirust Turbine Oil Market Size and Volume Forecast by Application
11.4.1. Industrial Equipment
11.4.2. Aerospace
11.4.3. Automotive
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Neutral Antirust Turbine Oil Market Size and Volume Forecast by Type
11.7.1. Mineral Oil Type
11.7.2. Synthetic Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Neutral Antirust Turbine Oil Demand Share, 2019-2026
12. Asia Pacific Neutral Antirust Turbine Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Neutral Antirust Turbine Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Neutral Antirust Turbine Oil Market Size and Volume Forecast by Application
12.4.1. Industrial Equipment
12.4.2. Aerospace
12.4.3. Automotive
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Neutral Antirust Turbine Oil Market Size and Volume Forecast by Type
12.7.1. Mineral Oil Type
12.7.2. Synthetic Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Neutral Antirust Turbine Oil Demand Share, 2019-2026
13. Middle East & Africa Neutral Antirust Turbine Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Neutral Antirust Turbine Oil Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Neutral Antirust Turbine Oil Market Size and Volume Forecast by Application
13.4.1. Industrial Equipment
13.4.2. Aerospace
13.4.3. Automotive
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Neutral Antirust Turbine Oil Market Size and Volume Forecast by Type
13.7.1. Mineral Oil Type
13.7.2. Synthetic Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Neutral Antirust Turbine Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Neutral Antirust Turbine Oil Market: Market Share Analysis
14.2. Neutral Antirust Turbine Oil Distributors and Customers
14.3. Neutral Antirust Turbine Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Chevron Lubricants
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shell Global
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SINOPEC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Total
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Quantum Lubricants
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sasol
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ExxonMobil
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gulf Oil Marine
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
