Lubricants are substances that are capable of minimizing friction, heat and wear between moving solid surfaces. Oils and grease are also frequently used as such substances. Lubricants of high quality are characterized by high boiling point, low freezing point, high viscosity index, thermal stability, corrosion prevention, high resistance to oxidation.
Companies involved in the oils and lubricants market produce two main groups of lubricants, which are automotive and industrial. Industrial lubricants are classified into industrial oils and industrial specialties. Lubricants mainly consist of base oil (90%) and additives (10%). Vegetable oils and synthetic liquids such as esters, silicones are widely utilized as base oils. Castrol BP Petco Ltd., Exxon Mobil Corporation, Idemitsu Kosan Co. Ltd., LUKOIL Oil Company are amid the major players of the oils and lubricants market.
The Catalogue includes research reports analyzing the Oils and Lubricants Market on global, regional and local scales. The reports provide data on market growth drivers and/or igniters. The researches disclose the key challenges that the market participants face. Besides, the major vendors are profiled in the studies. The reports examine price changes and production volumes. The research studies disclose future prospects for the market too.
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