According to
a new market report published by Lucintel, the future of lubricants in the
global plastic processing market looks promising with opportunities in the construction,
packaging, consumer goods, and automotive industries. Lubricants in the global
plastic processing market are expected to reach an estimated $5.3 billion by
2023 with a CAGR of 3.5% from 2018 to 2023. The major drivers for this market
are growing demand for plastics in various end use markets, including
construction, packaging, consumer goods, and automotive and increased demand
for lubricants to reduce frictional forces and to improve processing &
productivity of plastics manufacturing.
In this
market, paraffin/mineral oils, metallic stearates, petroleum/polyolefin wax,
fatty amides, esters, acids, and alcohols are the major lubricants used for
plastic processing to minimize friction, lower energy consumption, and increase
dispersion. Lucintel forecasts that metallic stearates will remain the largest
market due to their wide usage as internal and external lubricants in PVC and
other plastic processing industries.
Lucintel predicts that paraffin/mineral oil will witness the fastest growth during the forecast period due
to the increasing consumption of paraffin as an external lubricant and
secondary plasticizer in PVC processing.
Within
lubricants in the global plastic processing market, PVC will remain the largest
polymer by value and volume due to the increasing demand for PVC in various applications
such as, pipes, packaging, wire & cable, flooring, roofing, building
materials, consumer goods, healthcare, and automotive parts. Engineering
Plastics is expected to witness highest growth over the forecast period due to
the demand for high performance plastics in automotive and electronics markets.
Asia Pacific
is expected to remain the largest market by value and volume and witness the
highest growth over the forecast period due to the growing demand for plastics
in construction, packaging, and automotive industries.
An emerging trend that has a direct impact on
the dynamics of the industry is the use of renewable raw materials for
manufacturing of lubricants. Baerlocher, Valtris Specialty Chemicals, Clariant,
PMC Biogenix, BASF SE, Peter Greven, Faci, FERRO-PLAST, and Exxon Mobil are
among the major suppliers of lubricants.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in lubricants
in the global plastic processing market by lubricant type, polymer type,
product type, end use industry, and region. Lucintel has prepared a
comprehensive research report entitled
“Growth
Opportunities in Lubricants in the Global Plastic Processing Market 2018-2023:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report
serves as a catalyst for growth strategy as it provides a comprehensive data
and analysis on trends, key drivers, and directions. The study includes a
forecast for lubricants in the global plastic processing market by lubricant
type, polymer type, product type, end use industry, and region as follows:
By Lubricant Type [Volume (Kilotons) and $M
shipment analysis for 2012 – 2023]:
- Paraffin/Mineral Oil
- Metallic Stearates
- Petroleum/Polyolefin Wax
- Fatty Amides
- Esters/Acids/Alcohols
- Other Lubricants
By Polymer Type [Volume (Kilotons)
and $M shipment analysis for 2012 – 2023]:
- Polyvinyl Chloride (PVC)
- Polyolefin (PO)
- Engineering Plastics
- Other Plastics
By End Use
Industry [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
- Construction
- Packaging
- Consumer Goods
- Automotive
- Others
By Product Type [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
- Internal Lubricants
- External Lubricants
By Region [Volume (Kilotons) and $M shipment
analysis for 2012 – 2023]:
·
North America
−
US
−
Canada
−
Mexico
·
Europe
−
Eastern Europe
−
Western Europe
·
Asia Pacific
−
China
−
India
−
South Korea
−
Japan
·
The Rest of the World
This
243-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for lubricants in the global plastic
market by lubricant type (paraffin/mineral oil, metallic stearates,
petroleum/polyolefin wax, fatty amides, esters/acids/alcohols, and others), polymer
type (polyvinyl chloride [PVC], polyolefin [PO], engineering plastics, and
other plastics), product type (internal lubricants and external lubricants), end
use industry (construction, packaging, consumer goods, automotive, others), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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