Construction Lubricants Market Report on Competition Landscape and Future Trends through 2018 to 2028

In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global construction lubricants market considering 2013-2017 as the historic year and 2018–2028 as the stipulated time frame. The business report highlights the drivers, restraints, opportunities and trends affecting construction lubricants market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.

The construction lubricants market report addresses the below-mentioned queries:

• Why are vendors shifting away from traditional methods of manufacturing construction lubricants?
• How does the global construction lubricants market looks like in the next five years?
• Which end use industry is expected to surpass segment by the end of 2028?
• What innovative products are being introduced by the players in the global construction lubricants market?
• Which regions are showing the fastest market growth?

The construction lubricant sales are estimated to surpass 6,400 KT in 2019, according to a recent study of FactMR. Resurgence in construction activities and growing investment in infrastructure development projects, particularly in emerging economies, continue to support growth of the construction lubricants industry. According to the report, synthetic oil will continue to be preferred over mineral oil, with global sales estimated to exceed 3,300 KT in 2019. Marked preferences for synthetic oil are on account of its superior performance capabilities and higher drain intervals. Stringent emission norms & regulations are also driving demand for synthetic oils.

East Asia is likely to emerge as a highly attractive market for construction lubricants, driven by rapid industrialization across developing economies in the region. In addition, increasing government as well as foreign investments apropos of the construction activities is further underpinning growth of East Asia construction lubricants market.

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Growing Demand for Zinc-Free Construction Lubricants – A Key Trend

Growing demand for zinc-free construction lubricants is emerging as a key trend in the industry, owing to their ability of preventing corrosion of construction machinery, and improving the equipment lifecycle. Additionally, zinc-free construction lubricants offer high performance even in high temperature, high pressure, and high moisture conditions, which in turn is fuelling their demand as an ideal type of construction lubricant.

The study opines that leading players in the construction lubricants market are focusing on offering high-performance products, which will help end-users to safeguard expensive machinery and reduce unwanted downtime. In order to serve a larger end-user base and effectively meet their specifications and requirements, players are making headway with value-added services and offerings.

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Manufacturers of construction lubricant are also focusing on diversifying their product portfolios via incorporation of bio-based variants, against the backdrop of rapid end-user inclination toward environment-friendly products. According to the report, companies that hone their digital-marketing skills to engage end-users are likely to gain significant profitability in the long-run, upheld by the fact that most players in the construction lubricants market are already putting immense efforts to gain a competitive edge. The Fact.MR study offers a comprehensive forecast of the construction lubricants market for the period, 2018 to 2028. The construction lubricants market is expected to register a volume CAGR of approximately 4% through 2028.

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