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.
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:
- 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
Highlights of The Wire Rope 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:
- Biodegradable Wire Rope Lubricant
- Non-Biodegradable Wire Rope Lubricant
- By Application:
- Oil & Gas
- Mining
- Construction
- Marine
- 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 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.
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- Correctly Positioning New Products
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- Product & Brand Management
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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?
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.
The wire rope 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. 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
