Industrial Gear Oil Market is Estimated to Cross the $5 Billion Mark by 2020.

Industrial Gear Oil is a lubricant fluid used in industrial gearboxes to reduce friction, protection against corrosion and to ensure efficient, low maintenance operation of gears at different speeds, temperature and oil contaminations. This market witnesses its applications in many industries such as in manufacturing plants, motor vehicles, railway locomotives, aero plane, agricultural pump sets, and generators and others. Industrial Gear Oils Market being a part of the Industrial Lubricants Market, is a pretty niche and strong market segment.

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MARKET TRENDS & MARKET GROWTH:

IndustryARC’s latest market study projects that the Global Industrial Gear Oils Market shall reach $5.8 Billion during the forecast period 2015-2020 due to high demand from Manufacturing Plants in BRICS.

Geographical Outlook:

Developing countries like Brazil, Russia, India, China and South Africa (aka BRICS) is all set to stimulate the demand for Industrial Gear Oils owing to their rapid industrialization. According to IndustryARC, 38% of the Global Lubricant Market shall be composed by Industrial Lubricant Market, by the end of 2020. Experts have concluded this figure based on the history of Industrial Gear Oils Market which was around 2% of Global Lubricant Market, in 2014. It has been accounted that APAC dominates the global market with around 44% and projected to grow at 2.1% CAGR till 2020. European market is in second place and Americas in third. High demand in APAC and Europe owes to the high growth rate of industrial sectors such as manufacturing, construction in these regions.

Market Segment Brief:

1.       Mineral gear oil: available in light and heavy grades that provide rust protection to internal gears and bearings.

2.       Synthetic gear oils: used in heavy-duty industrial gear drives that require gear lubricants with high viscosity, heavy load-carrying capacity, rust & corrosion prevention and friction control.

3.       Food grade gear oil: mainly used for food processing industrial applications, to handle food, feed and pharmaceuticals, especially during high loads and high moisture conditions.

4.       Worm gears: used in various industries and machinery applications which operate under extremely high or low temperatures and act as speed reducers.

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Market Segmentation:

Industrial Gear Oils Market is classified into 3 broad types depending on the below mentioned factors:

1.       By Type: Mineral Gear Oils, Synthetic Gear Oils, Food Grade Gear Oils and Worm Gear Oils.

2.       By Application: Manufacturing Industry, Steel Industry, Mining, Construction, Agriculture, Energy and Others.

3.       By Geography: Americas, Europe, APAC and ROW.

Key Market Players:

Few notable competitors of the market which are studied, analyzed and mentioned in this research report of Industrial Gear Oils Market are:

·         Afton Chemical Corporation

·         Lubrizol Corporation

·         Texas Petrochemical Asia Pacific Pte Ltd

·         ADDINOL Lube Oil GmbH

·         Fuchs Lubricants Co.

Even though there has been a decline in the global consumption of industrial gear oil due to factors like smaller gearboxes and superior service life, the revenue is gradually increasing. China is a key player in the textile manufacturing industry which is a key segment for industrial gear oil as it is used in the textile manufacturing machineries. Industrial gear oils for manufacturing must have the capacity to handle extreme pressure and uneven high loads.

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Bottled Fuel Additives Market; Market to Reach $484.6 Million due to Demand from Automobile Industry.

According to IndustryARC, Bottled Fuel Additives Market is set to reach $484.6 Million by 2020, owing majorly to the looming demand from Automobile Industry.

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\Application Brief:

Bottled fuel additives are used in the aftermarket of lubricants industry. Some of the bottled fuel additives being used in this industry include detergents, cetane improvers, corrosion inhibitors, antioxidants, metal deactivators, demulsifiers, flow improvers, octane improvers, and others. Recently there is an increasing demand for environmentally friendly fuel additives for the industry to avoid increasing environmental concerns. Bottled fuel additives have found their way into various fuel applications such as diesel, gasoline, biofuels, industrial fuels, marine fuels, aviation fuels. The additives used for these purposes vary based on the requirements. Corrosion inhibitors, metal deactivators find their applications in almost all fuels, but the quantity depends on the requirements. For instance, cetane improvers are used fuels. The most often used additives in aviation fuels are antioxidants and cold flow improvers.

Market Driving Factors according to Segments:

In industrial sector, bottled fuel additives have become the additive of choice for the better functionality of industrially important machines and engines which include metal working and more. Hence, the increasing usage of non-ferrous metals and demand for metal working fluids and lubricants will further upsurge the bottled fuel additives market. For aviation sector, additives are used to enhance the efficiency and fuel thermal stability of jet fuels and aviation fuels. Therefore, bottled fuel additives will witness demand for high quality fuel in various applications including automotive, industrial, aviation, polymers and so on.

Regional Insight:

Europe is poised to be the largest market by 2020 followed by the North American region. It has a comparatively higher share in this market as it is the major consumer of biodiesel compared to any other region. According to European Chemical Industry Council, CEFIC, the oil price in Europe fell by 57% from its highest peak that is approximately $112 in June 2014 to $48 in January 2015. This fall in oil prices will increase its demand and that of the additives used to increase its efficiency. Asia-Pacific (APAC) has been a developing market for fuel additives in terms of revenue and production capacity. With the developing economies striving for economic progress, industrialization seems to be on a positive growth rate. This industrialization has led to the demand for increase in automotive, aviation and other industry applications.

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Market Segmentation:

The Bottled Fuel Additives Market is broadly divided into three types depending on various factors:

1.       By Type: Corrosion Inhibitors, Demulsifiers, Cetane Improvers, Detergents and Others.

2.       By Application: Diesel, Gasoline, Biofuel and Others.

3.       By Geography: Americas, Europe, APAC and RoW.

Market Key Players:

Some of the companies which hold a major share in the production of bottled fuel additives include BASF SE, Lubrizol, Baker Hughes, Clariant AG, and Innospec Inc., among others. Lubrizol held the maximum share accounting to 43.3% of the total bottled fuel additives market in 2014. BASF SE comes next with a market share of 20.7%. Though BASF is not a company exclusive to the additive manufacturing industry, its rapid growth in this field is remarkable. Afton chemicals, Innospec Inc. and Clariant AG have market shares of 18.9%, 9.5% and 4.6% respectively.

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IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

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Engine Oil Additives Market is Expected to Grow at a CAGR of 3.2% through 2020.

Engine Oil Additives are specialty chemicals used to enhance the performance of Engine Oil as well as the durability of the engine. These additives when added to engine oil while formulating it, improve its physical and chemical properties.

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Market Trends & Market Growth:

According to IndustryARC analysis and research, the Global Engine Oil Additives Market is set to reach $11.9 Billion by 2020 with increasing demand from end users in Asia-Pacific and North America. Also, experts project the market to grow at a CAGR of 3.2% from 2015 to 2020.

Geography: Asia-Pacific (APAC) is the largest and fastest growing market for engine oil additives both in terms of volume and revenue, driven by the higher number of in use vehicles in the region. America and Europe are in the second and third position in terms of volume consumption and revenues of the market.

Market Driving Factors: Increasing motor vehicle production around the globe is one of the major drivers for engine oil additives market. Every vehicle engine needs engine oil to work smoothly, due to which consumption of engine oil is increasing steadily. Major additive types, which are in high demand, are detergents, dispersants and VI improvers. Government regulations regarding improvement of fuel economy and reduction of emission from vehicles is another key factor contributing to the growing importance of additives in engine oil.

Restraints: One of the key factors hindering the growth of engine oil additives market is the aggressive sales of electric vehicles especially in Europe and North America. There is not much lubrication needed in electric vehicles as there is no combustion engine involved in it. However, it will take long time for electric vehicles to replace the fuel powered vehicles.

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Market Segmentation:

Global engine oil additives market is segmented based on different criteria such as by type, by engine type, by end user and by geography. Different types of additives include anti-oxidants, detergents, dispersants, anti-wear, VI improvers, corrosion inhibitors, friction modifiers, pour point depressants and others. Others include metal deactivators, emulsifiers and more. Gasoline engine, diesel engine, natural gas engine and others are considered while segmenting the market based on engine type. End users of the market are passenger car, commercial vehicle, motorcycle and others; others include application in marine engine oil.

Market Key Players:

Few notable competitors of the Engine Oil Additives Market which are analyzed, studied and mentioned in this research report by IndustryARC are:

·         Afton Chemical Corporation

·         BASF SE

·         Evonik Industries

·         Petroleum Chemicals, LLC

·         The Lubrizol Corporation

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Environmental Concerns in Oil Industry Driving Oilfield Biocides Market to $658.3 Million By 2020.

Biocides are the chemical agents that kill the microorganisms and prevent and/or control the effects of microorganisms. The microbial growth and corrosion have adverse effects in the oilfield industry which incurs huge expenses. To avoid these effects, Biocides and Bio Solvents are used in oilfield industry but in a lesser quantities when compared to other special chemicals in oilfield. Bio-Based Solvents are naturally extracted substances or mixture of substances that dissolve another substance in them. These chemical substances are used in various oilfield applications like drilling, production, hydraulic fracturing, completion, packer fluids and others.

The demand for the biocides and bio solvents are high for hydraulic fracturing application because of the shale gas production in the U.S. The most commonly used biocide is Glutaraldehyde and the solvent is the hydrocarbons which are widely used in all the oilfield applications.

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MARKET TRENDS & MARKET GROWTH:

Application wise, the oilfield biocide and bio solvents market have different applications in the oilfield among which drilling, production and hydraulic fracturing are the major applications.

Region wise, Europe when compared to other regions is estimated to have a low CAGR of 0.8% during 2015-2020 to reach $103.4m by 2020 according to IndustryARC analysis. North America is the leading consumer of oilfield biocides and has the highest market share in the global oilfield biocides market. In North America, U.S. is the major country in terms of consuming high volumes and having high market revenue for oilfield biocides market. The RoW market is relatively small as compared to the North American market; however, it is growing rapidly as well with the high CAGR when compared with other regions. With respect to the global market, North America and Europe hold 74% of the entire oilfield biocide market share.

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REPORT SCOPE:

The report analyses the Oilfield Biocides and Bio Solvents Markets in various applications and covers the market demand with respective regions. The report also provides a market overview for the oilfield biocides and bio solvents market. In this report, the market has been segmented by geography as North America, Europe, APAC and RoW. Market size of last year along with next 5 years’ forecast has been provided for each of these regions in the report. A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the biocides and bio solvents market and future opportunities are provided in the report.

Market Segmentation:

The Oil-Field Biocides and Bio Based Solvents Market is broadly segmented into 4 types based on the following factors:

1.       By Types: Oil Field Biocides and Bio Based Solvents. This further being segmented into:

a.       Oil Field Biocides: Oxidizing Organic Biocides and Non Organic Oxidizing Organic Biocides.

b.      Bio Based Solvents: Hydrocarbons, Alcohols, Ketones, Esters, Ethers, Glycols and Others.

2.       By Application: Drilling, Production, Fracturing and Others.

3.   By Sources: Synthetic Biocides and Natural Biocides. Natural Biocides futher being classified into Bacteria and Plants.

4.       By Geography: America, Europe, APAC and ROW.

Key Players:

Few notable competitors studied and mentioned in this report:

·         BASF SE

·         Dow Speciality Chemical Pvt Ltd

·         Akzo Nobel N.V.

·         Chemtex Specialty Limited

·         Sichem LLC

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About IndustryARC:

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Defoamers Market Generated $2.7 Million Revenue in 2014; Estimated to Grow Further by 2020.

The Defoamers Market revenue was $2.76 billion in 2014 and is growing at a CAGR of 4.1% from 2015 to 2020 with the cost effectiveness of the Paper & Pulp Industry playing the role of the top one driving factor for the Global Defoamers Market. IndustryARC also projects that this market shall reach $3.35 Billion during the observation period.

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Application Brief:

Defoamers are Specialty Chemicals used in various industries like pulp and paper, oil & gas, textiles, pharmaceuticals, detergents, lubricants, food & beverage and others to control foam generated during the production process. It increases the efficiency of the machines by destroying the excess foam formed during the production activity.

A defoamer causes the foam bubbles to coalesce in order to reduce or completely eliminate them. Defoamers are used in an eclectic mix of applications. The usage of defoamers in all the applications is at the production stage predominantly. Hence if there are fluctuations in the end user industry, it directly impacts the defoamer used in that particular industry; for example, paints and coatings industry is growing very rapidly due to humongous demand from the construction sector in APAC region, and defoamers are used in paints and coatings during its formulations.

But in case of the textile production in China, it has plummeted in 2015 and hence the market of defoamers in textile applications in China has decreased. These examples delineate the restraints for defoamer.

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Market Segmentation:

Defoamers can be broadly classified into two types - silicone defoamers and non-silicone defoamers. Silicone based defoamers are polymers having silicone as backbone. It has silicone as the main chain concatenated with carbon and hydrogen molecules. Non-Silicone defoamers includeoil, ester and water bases. Defoamers are also segmented by their utility in different applications such as paper and pulp, paints & coatings, oil & gas, textiles, pharmaceuticals, detergents, lubricants, food and beverage and others.

Regional Analysis:

The report covers four regions namely North America, Europe, Asia Pacific and rest of the world. Asia Pacific market has surpassed Europe and North America due to fast growth of emerging economies such as China and India. Stringent environment regulations have been enforced on companies manufacturing defoamers containing volatile organic compounds (VOCs). As a result, demand for eco-friendly defoamers is on the rise in the Europe and North American regions. Companies like Air Products and Kemira have recently launched defoamer products with zero VOC content.

Key Players:

Dow Chemical Company, Air products & Chemicals, Bluestar Silicones, Evonik Group and Kemira Oyj are the key in companies operating this market. They have been using product launches and expansion into new markets as the key strategies for the past 5 years. It is expected that consolidation by acquisition of smaller players in new countries will become more predominant in the next 5 years period. Some of the other notable companies studied and mentioned in this report:

•          Amber Chemical Company Ltd
•          Chemco Products Inc. (US)
•          BASF AG (Germany)
•          Emerald Performance Materials
•          Hydrite Chemical Co.

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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