- The key market vendors in the Global Independent Lubricant Manufacturers Market 2014-2018 are Addinol Lube Oil GmbH, Fuchs Petrolub AG, Motul SA and Pentosin-Werke GmbH.
London, 09 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Independent Lubricant Manufacturers Market 2014-2018. The growing demand for specialized and niche application lubricants and the increased investments in R&D are important trends fostering market growth.
Independent lubricant manufacturers are lubricant manufacturers who do not have their own refineries and they source base oil from suppliers. They process these oils with additives to produce lubricants that are specialized and used for niche applications, and focus mainly on manufacturing and marketing lubricants, and on developing high-performance and sustainable products for the end-user industries.
“Growing applications in the Agriculture sector, Mining and Steel industry, increased automotive sales, and growing demand for automated machines, which necessitates specialized lubricants, are factors that drive the production in the Global Independent Lubricant Manufacturers market,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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