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Jul 17, 2017 8:15 AM ET

Global Gear Oil Market 2017 by Base Oil (Mineral, Synthetic, Semi-Synthetic, Bio-based), End-Use Industry (General Industrial, Transportation) – Forecasts to 2022

iCrowdNewswire - Jul 17, 2017

The “Gear Oil Market by Base Oil (Mineral, Synthetic, Semi-Synthetic, Bio-based), End-Use Industry (General Industrial (Manufacturing, Mining, Construction, Oil & Gas), Transportation (Automotive, Marine, Aviation)), Region – Global Forecasts to 2022” report has been added to Research and Markets’ offering.

The gear oil market is expected to reach USD 8.58 billion by 2022, at a CAGR of 2.69% from 2017 to 2022

The growth of the gear oil market is primarily due to the massive industrial growth taking place in the Middle East & Africa and Asia-Pacific regions, coupled with the rising demand for gear oils from the power and automotive industries. The factors restraining the growth of the gear oil market are the technological advancements and environmental regulations.

The growth of the gear oil market is hampered by several regulatory guidelines issued by a number of governing bodies, which exert pressure on the manufacturers of gear oils to develop environment-friendly products. In addition, technological advancements, such as development of automatic transmission systems, portable and reduced size gear boxes, and hybrid electric vehicles (HEVs), which consume less or no gear oil, are also expected to hinder the growth of the gear oil market during the forecast period.

Some of the key players in the gear oil market are Exxon Mobil Corporation (U.S.), Royal Dutch Shell plc (Netherlands), Chevron Corporation (U.S.), BP p.l.c. (U.K.), Total S.A. (France), PetroChina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub SE (Germany), and Idemitsu Kosan Co., Ltd (Japan), among others.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Gear Oil Market, By Base Oil

7 Gear Oil Market, By End-Use Industry

8 Gear Oil Market, By Region

9 Competitive Landscape

10 Company Profiles

– Addinol Lube Oil GmbH
– Advanced Lubrication Specialitis Inc.
– Amalie Oil Co.
– BP P.L.C.
– Bechem Lubrication Technology LLC.
– Bel-Ray Company LLC.
– Chevron Corporation
– Croda International PLC.
– ENI SPA
– Exxonobil Corporation
– Fuchs Petrolub Se
– Idemitsu Kosan Co., Ltd
– Indian Oil Corporation Ltd
– Liqui Moly GmbH
– Lukoil
– Morris Lubricants
– Peak Lubricants Pty Lyd
– Penrite Oil
– Petrochina Company Limited
– Phillips 66 Company
– Rock Valley Oil & Chemical Co.
– Royal Dutch Shell PLC.
– Sinopec Limited
– Total S.A.
– Valvoline Inc.

For more information about this report visit https://www.researchandmarkets.com/research/t4546t/gear_oil_market

Contact Information:

Research and Markets,
Laura Wood,
Senior Manager.
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Related Topics: Lubricants and Greases (https://www.researchandmarkets.com/categories.asp?cat_id=858&campaign_id=t4546t)

Via iCrowdNewswire
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