Market Overview:
The global open gear lubricants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for open gear lubricants from various end-use industries, such as mining, power generation, construction, and others. In terms of type, light grade open gear lubricants are expected to witness higher growth than other types during the forecast period. This can be attributed to their properties such as low viscosity and good thermal stability that make them suitable for use in light-duty applications. In terms of application, mining is expected to account for a major share of the global market during the forecast period.
Product Definition:
Open Gear Lubricants are lubricants that are specifically designed for use on open gears. They are typically used in applications where there is a lot of metal-to-metal contact, and they help to reduce wear and extend the life of the gear system. Open Gear Lubricants can also help to improve performance and efficiency, and they can protect against corrosion.
Light Grade Open Gear Lubricants:
Light grade open gear lubricants are specially formulated to meet the performance requirements of high-speed, precision machinery. They possess exceptional properties such as low volatility and thermal stability which make them highly suitable for use in applications that demand minimal lubrication.
The global light grade open gear lubricants market is expected to witness significant growth over the forecast period owing to its rising application scope in various industries including automotive, aerospace & defense and construction equipment among others.
Medium Grade Open Gear Lubricants:
Medium grade open gear lubricants are used to reduce friction between two gears, which helps in maintaining the speed of the machine. These lubricants are also used to prevent wear and tear between different components of a machine. They have applications in both - mechanical and hydraulic machines.
The global medium grade open gear lubricant market size was valued at USD 1,849.1 million in 2016.
Application Insights:
The global open gear lubricants market is segmented by application into mining, power generation, construction and others. The other applications include automotive and industrial machinery. Mining was the largest application segment in 2017 owing to the growing demand for open gears from China and India due to high steel production rates.
Power generation is expected to be one of the fastest-growing segments over the forecast period owing to increasing investments in coal-fired power plants across various regions including Asia Pacific, North America and Europe. Furthermore, technological advancements such as camshafts with multiple plates are also expected to increase product demand during this time period.
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 industrialization, coupled with rising investments in infrastructure development. China is projected to remain a key mining destination owing to low production cost and easy availability of raw materials such as coal, iron ore, bauxite etc.
The demand for open gear lubricants in North America was valued at USD X million in 2017 and is anticipated to witness significant growth over the forecast period on account of growing construction activities due to rapid urbanization along with an increase in renewable power generation capacity addition from U.S., Canada & Mexico respectively which will drive heavy machinery industry growth positively over the next eight years thus propelling product demand across various application industries including mining, power generation & transmission among others).
Growth Factors:
- Increasing demand from the automotive and transportation sector
- Growing industrialization in developing countries
- Rising awareness about the benefits of using open gear lubricants
- Technological advancements in the manufacturing of open gear lubricants
- Stringent government regulations for reducing environmental pollution
Scope Of The Report
Report Attributes
Report Details
Report Title
Open Gear Lubricants Market Research Report
By Type
Light Grade Open Gear Lubricants, Medium Grade Open Gear Lubricants, Heavy Grade Open Gear Lubricants
By Application
Mining, Power Generation, Construction, Others
By Companies
Exxon Mobil Corporation, Royal Dutch Shell, Castrol, Chevron Corporation, Carl Bechem GmbH, Spanjaard, Lubrication Engineers, Kluber Lubrication, ROCOL(ITW), Whitmore(CSW Industrials), Texas Refinery Corp, Bel-Ray Company, Brugarolas, Sumico Lubricant, FUCHS, Sinopec, KLONDIKE Lubricants
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 Open Gear Lubricants Market Report Segments:
The global Open Gear Lubricants market is segmented on the basis of:
Types
Light Grade Open Gear Lubricants, Medium Grade Open Gear Lubricants, Heavy Grade Open Gear Lubricants
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
Mining, Power Generation, Construction, 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:
- Exxon Mobil Corporation
- Royal Dutch Shell
- Castrol
- Chevron Corporation
- Carl Bechem GmbH
- Spanjaard
- Lubrication Engineers
- Kluber Lubrication
- ROCOL(ITW)
- Whitmore(CSW Industrials)
- Texas Refinery Corp
- Bel-Ray Company
- Brugarolas
- Sumico Lubricant
- FUCHS
- Sinopec
- KLONDIKE Lubricants
Highlights of The Open Gear Lubricants 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:
- Light Grade Open Gear Lubricants
- Medium Grade Open Gear Lubricants
- Heavy Grade Open Gear Lubricants
- By Application:
- Mining
- Power Generation
- Construction
- 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 Open Gear Lubricants 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
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- 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?
Open Gear Lubricants are a type of lubricant specifically designed for gears and other rotating components. They are made with high quality ingredients that help reduce friction and wear on the gearbox, shaft, or other rotating component. Open Gear Lubricants also provide a long-lasting solution that is safe to use in any environment.
Some of the key players operating in the open gear lubricants market are Exxon Mobil Corporation, Royal Dutch Shell, Castrol, Chevron Corporation, Carl Bechem GmbH, Spanjaard, Lubrication Engineers, Kluber Lubrication, ROCOL(ITW), Whitmore(CSW Industrials), Texas Refinery Corp, Bel-Ray Company, Brugarolas, Sumico Lubricant, FUCHS, Sinopec, KLONDIKE Lubricants.
The open gear lubricants market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Open Gear Lubricants 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. Open Gear Lubricants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Open Gear Lubricants Market - Supply Chain
4.5. Global Open Gear Lubricants Market Forecast
4.5.1. Open Gear Lubricants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Open Gear Lubricants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Open Gear Lubricants Market Absolute $ Opportunity
5. Global Open Gear Lubricants 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. Open Gear Lubricants Market Size and Volume Forecast by Type
5.3.1. Light Grade Open Gear Lubricants
5.3.2. Medium Grade Open Gear Lubricants
5.3.3. Heavy Grade Open Gear Lubricants
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Open Gear Lubricants 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. Open Gear Lubricants Market Size and Volume Forecast by Application
6.3.1. Mining
6.3.2. Power Generation
6.3.3. Construction
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Open Gear Lubricants 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. Open Gear Lubricants 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 Open Gear Lubricants 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. Open Gear Lubricants 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 Open Gear Lubricants Demand Share Forecast, 2019-2026
9. North America Open Gear Lubricants 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 Open Gear Lubricants 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 Open Gear Lubricants Market Size and Volume Forecast by Application
9.4.1. Mining
9.4.2. Power Generation
9.4.3. Construction
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 Open Gear Lubricants Market Size and Volume Forecast by Type
9.7.1. Light Grade Open Gear Lubricants
9.7.2. Medium Grade Open Gear Lubricants
9.7.3. Heavy Grade Open Gear Lubricants
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 Open Gear Lubricants Demand Share Forecast, 2019-2026
10. Latin America Open Gear Lubricants 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 Open Gear Lubricants 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 Open Gear Lubricants Market Size and Volume Forecast by Application
10.4.1. Mining
10.4.2. Power Generation
10.4.3. Construction
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 Open Gear Lubricants Market Size and Volume Forecast by Type
10.7.1. Light Grade Open Gear Lubricants
10.7.2. Medium Grade Open Gear Lubricants
10.7.3. Heavy Grade Open Gear Lubricants
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 Open Gear Lubricants Demand Share Forecast, 2019-2026
11. Europe Open Gear Lubricants 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 Open Gear Lubricants 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 Open Gear Lubricants Market Size and Volume Forecast by Application
11.4.1. Mining
11.4.2. Power Generation
11.4.3. Construction
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 Open Gear Lubricants Market Size and Volume Forecast by Type
11.7.1. Light Grade Open Gear Lubricants
11.7.2. Medium Grade Open Gear Lubricants
11.7.3. Heavy Grade Open Gear Lubricants
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 Open Gear Lubricants Demand Share, 2019-2026
12. Asia Pacific Open Gear Lubricants 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 Open Gear Lubricants 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 Open Gear Lubricants Market Size and Volume Forecast by Application
12.4.1. Mining
12.4.2. Power Generation
12.4.3. Construction
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 Open Gear Lubricants Market Size and Volume Forecast by Type
12.7.1. Light Grade Open Gear Lubricants
12.7.2. Medium Grade Open Gear Lubricants
12.7.3. Heavy Grade Open Gear Lubricants
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 Open Gear Lubricants Demand Share, 2019-2026
13. Middle East & Africa Open Gear Lubricants 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 Open Gear Lubricants 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 Open Gear Lubricants Market Size and Volume Forecast by Application
13.4.1. Mining
13.4.2. Power Generation
13.4.3. Construction
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 Open Gear Lubricants Market Size and Volume Forecast by Type
13.7.1. Light Grade Open Gear Lubricants
13.7.2. Medium Grade Open Gear Lubricants
13.7.3. Heavy Grade Open Gear Lubricants
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 Open Gear Lubricants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Open Gear Lubricants Market: Market Share Analysis
14.2. Open Gear Lubricants Distributors and Customers
14.3. Open Gear Lubricants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Exxon Mobil Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Royal Dutch Shell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Castrol
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chevron Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Carl Bechem GmbH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Spanjaard
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lubrication Engineers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kluber Lubrication
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ROCOL(ITW)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Whitmore(CSW Industrials)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Texas Refinery Corp
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bel-Ray Company
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Brugarolas
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sumico Lubricant
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. FUCHS
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sinopec
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. KLONDIKE Lubricants
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
