Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Wire Rope Lubricants Market by Type (Biodegradable Wire Rope Lubricant, Non-Biodegradable Wire Rope Lubricant), By Application (Oil & Gas, Mining, Construction, Marine, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Wire Rope Lubricants Market by Type (Biodegradable Wire Rope Lubricant, Non-Biodegradable Wire Rope Lubricant), By Application (Oil & Gas, Mining, Construction, Marine, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 144115 3300 Chemical & Material 377 249 Pages 4.8 (42)
                                          

Market Overview:


The global wire rope lubricants 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 wire rope lubricants from various end-use industries, such as oil & gas, mining, construction, marine and others. In terms of type, the biodegradable wire rope lubricant segment is projected to grow at a higher CAGR than the non-biodegradable wire rope lubricant segment during the forecast period. This growth can be attributed to environmental concerns about using products that are not biodegradable in nature. In terms of application, the oil & gas industry is projected to hold a major share of the global wire rope lubricants market during the forecast period.


Global Wire Rope Lubricants Industry Outlook


Product Definition:


A wire rope lubricant is a substance used to coat the strands of a wire rope in order to protect it from wear and corrosion. Wire rope lubricants are typically thick, viscous liquids that can be applied by brush, spray, or dip. They work by forming a protective film on the surface of the wires that prevents them from coming into direct contact with one another. This reduces frictional wear and helps to keep the wire rope functioning smoothly. Wire ropes that are properly lubricated are less likely to fail prematurely and can last significantly longer than those that are not.


Biodegradable Wire Rope Lubricant:


Biodegradable wire rope lubricant is a product that is used to reduce friction between two surfaces. It has the ability to withstand extreme mechanical stress and thermal resistance. Biodegradable wire rope lubricant can be easily removed from the surface after use and does not leave any harmful residue when it comes in contact with water or other liquids.


Non-Biodegradable Wire Rope Lubricant:


Non-biodegradable wire rope lubricant is a product that is used to reduce friction between two surfaces. It has the ability to withstand extreme temperatures and thus can be used in high-temperature applications. The product also provides resistance against corrosion, oxidation, and rusting.


The global market for non-biodegradable wire rope lubricant was estimated at USD 1,236.1 million in 2016.


Application Insights:


The oil & gas application segment led the global wire rope lubricants market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing investments in deep-water drilling activities, shale gas exploration, and onshore projects across North America and Europe.


The mining sector is also estimated to witness significant demand for these products as they help extend the life of ropes used in coal mines, metal mines including gold and silver as well as other minerals such as gemstones like turquoise among others. Increasing focus on mineral extraction from beneath the surface has resulted in an increased demand for wires that are capable of withstanding high tension without getting damaged or deformed thereby extending their lifespan further. These factors are expected to drive product demand over the coming years.


Regional Analysis:


Asia Pacific dominated the global wire rope lubricants market in 2017 and is expected to continue its dominance over the forecast period. The region comprises emerging economies, such as China, India, and Japan. Increasing industrialization coupled with rapid urbanization has resulted in an increase in construction activities across Asia Pacific countries. This is likely to drive demand for machinery and equipment used for construction activities thereby driving product demand across industries including oil & gas, mining, power generation etc.


The growing manufacturing sector along with increasing investments from foreign players is projected to drive growth of the industry over next eight years particularly in developing countries of Asia Pacific such as China.


Growth Factors:


  • Increasing demand from the construction and automotive industries
  • Growing awareness about the benefits of using wire rope lubricants
  • Rising demand for high-quality wire rope lubricants products
  • Technological advancements in the production of wire rope lubricants
  • Growing number of applications for wire rope lubricants

Scope Of The Report

Report Attributes

Report Details

Report Title

Wire Rope Lubricants Market Research Report

By Type

Biodegradable Wire Rope Lubricant, Non-Biodegradable Wire Rope Lubricant

By Application

Oil & Gas, Mining, Construction, Marine, Others

By Companies

Exxon Mobil Corporation, Total S.A., Shell Global, Kluber Lubrication, Lubrication Engineers, Castrol, ROCOL, Bel-Ray Company, Whitmore, The Crosby Group, Fuchs, The Kirkpatrick Group, Royal Manufacturing Company, Wirerope Works Inc., Schaeffer Manufacturing Co., HVL Group, Magna Group, Bans Group of Companies, HP 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

249

Number of Tables & Figures

175

Customization Available

Yes, the report can be customized as per your need.


Global Wire Rope Lubricants Market Report Segments:

The global Wire Rope Lubricants market is segmented on the basis of:

Types

Biodegradable Wire Rope Lubricant, Non-Biodegradable Wire Rope Lubricant

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

Oil & Gas, Mining, Construction, Marine, 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:

  1. Exxon Mobil Corporation
  2. Total S.A.
  3. Shell Global
  4. Kluber Lubrication
  5. Lubrication Engineers
  6. Castrol
  7. ROCOL
  8. Bel-Ray Company
  9. Whitmore
  10. The Crosby Group
  11. Fuchs
  12. The Kirkpatrick Group
  13. Royal Manufacturing Company
  14. Wirerope Works Inc.
  15. Schaeffer Manufacturing Co.
  16. HVL Group
  17. Magna Group
  18. Bans Group of Companies
  19. HP Lubricants

Global Wire Rope Lubricants Market Overview


Highlights of The Wire Rope Lubricants Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Biodegradable Wire Rope Lubricant
    2. Non-Biodegradable Wire Rope Lubricant
  1. By Application:

    1. Oil & Gas
    2. Mining
    3. Construction
    4. Marine
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Wire Rope 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
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Wire Rope Lubricants Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Wire rope lubricants are a type of oil that is used to keep wire ropes from becoming too stiff or rusty. They are also used to help prevent damage to the wire rope when it is being handled or transported.

Some of the key players operating in the wire rope lubricants market are Exxon Mobil Corporation, Total S.A., Shell Global, Kluber Lubrication, Lubrication Engineers, Castrol, ROCOL, Bel-Ray Company, Whitmore, The Crosby Group, Fuchs, The Kirkpatrick Group, Royal Manufacturing Company, Wirerope Works Inc., Schaeffer Manufacturing Co., HVL Group, Magna Group, Bans Group of Companies, HP Lubricants.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Wire Rope 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. Wire Rope Lubricants Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Wire Rope Lubricants Market - Supply Chain
   4.5. Global Wire Rope Lubricants Market Forecast
      4.5.1. Wire Rope Lubricants Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Wire Rope Lubricants Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Wire Rope Lubricants Market Absolute $ Opportunity

5. Global Wire Rope 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. Wire Rope Lubricants Market Size and Volume Forecast by Type
      5.3.1. Biodegradable Wire Rope Lubricant
      5.3.2. Non-Biodegradable Wire Rope Lubricant
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Wire Rope 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. Wire Rope Lubricants Market Size and Volume Forecast by Application
      6.3.1. Oil & Gas
      6.3.2. Mining
      6.3.3. Construction
      6.3.4. Marine
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Wire Rope 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. Wire Rope 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 Wire Rope 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. Wire Rope 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 Wire Rope Lubricants Demand Share Forecast, 2019-2026

9. North America Wire Rope 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 Wire Rope 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 Wire Rope Lubricants Market Size and Volume Forecast by Application
      9.4.1. Oil & Gas
      9.4.2. Mining
      9.4.3. Construction
      9.4.4. Marine
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Wire Rope Lubricants Market Size and Volume Forecast by Type
      9.7.1. Biodegradable Wire Rope Lubricant
      9.7.2. Non-Biodegradable Wire Rope Lubricant
   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 Wire Rope Lubricants Demand Share Forecast, 2019-2026

10. Latin America Wire Rope 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 Wire Rope 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 Wire Rope Lubricants Market Size and Volume Forecast by Application
      10.4.1. Oil & Gas
      10.4.2. Mining
      10.4.3. Construction
      10.4.4. Marine
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Wire Rope Lubricants Market Size and Volume Forecast by Type
      10.7.1. Biodegradable Wire Rope Lubricant
      10.7.2. Non-Biodegradable Wire Rope Lubricant
   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 Wire Rope Lubricants Demand Share Forecast, 2019-2026

11. Europe Wire Rope 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 Wire Rope 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 Wire Rope Lubricants Market Size and Volume Forecast by Application
      11.4.1. Oil & Gas
      11.4.2. Mining
      11.4.3. Construction
      11.4.4. Marine
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Wire Rope Lubricants Market Size and Volume Forecast by Type
      11.7.1. Biodegradable Wire Rope Lubricant
      11.7.2. Non-Biodegradable Wire Rope Lubricant
   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 Wire Rope Lubricants Demand Share, 2019-2026

12. Asia Pacific Wire Rope 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 Wire Rope 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 Wire Rope Lubricants Market Size and Volume Forecast by Application
      12.4.1. Oil & Gas
      12.4.2. Mining
      12.4.3. Construction
      12.4.4. Marine
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Wire Rope Lubricants Market Size and Volume Forecast by Type
      12.7.1. Biodegradable Wire Rope Lubricant
      12.7.2. Non-Biodegradable Wire Rope Lubricant
   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 Wire Rope Lubricants Demand Share, 2019-2026

13. Middle East & Africa Wire Rope 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 Wire Rope 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 Wire Rope Lubricants Market Size and Volume Forecast by Application
      13.4.1. Oil & Gas
      13.4.2. Mining
      13.4.3. Construction
      13.4.4. Marine
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Wire Rope Lubricants Market Size and Volume Forecast by Type
      13.7.1. Biodegradable Wire Rope Lubricant
      13.7.2. Non-Biodegradable Wire Rope Lubricant
   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 Wire Rope Lubricants Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Wire Rope Lubricants Market: Market Share Analysis
   14.2. Wire Rope Lubricants Distributors and Customers
   14.3. Wire Rope 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. Total S.A.
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Shell Global
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Kluber Lubrication
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Lubrication Engineers
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Castrol
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. ROCOL
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Bel-Ray Company
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Whitmore
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. The Crosby Group
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Fuchs
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. The Kirkpatrick Group
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Royal Manufacturing Company
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Wirerope Works Inc.
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Schaeffer Manufacturing Co.
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. HVL Group
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Magna Group
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Bans Group of Companies
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. HP Lubricants
         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

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