Key vendors to follow the green trend and focus on the production of biosynthetic products
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global lubricants market for mining and quarry applications in their latest research report. This report also lists 19 other prominent vendors who are expected to contribute to this market’s growth between 2017 and 2021.
Competitive vendor landscape
The global lubricants market for mining and quarry applications is anticipated to undergo dynamic changes in the way the players operate during the forecast period. Players with an international presence have the advantage of vital base stock supplies and invest heavily in product innovations and development to gain a competitive edge over competitors. Major players are investing huge amounts in R&D to restructure and realign their product portfolios. Many established players in the market are following the green trend by adding biosynthetic and sustainable mining lubricants to their product portfolio.
According to Thanikachalam Chandrasekaran, a lead analyst at Technavio for research on oil and gas, “Vendors are manufacturing mining lubricants that are biodegradable. Many vendors are focusing on bioaccumulation and eco-toxicity to reduce adverse impacts on the environment.”
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Top five vendors in the lubricants market for mining and quarry applications
BP
One of the major players in the energy industry, BP, is present in the upstream segment and is involved in exploration and production activities, field development, and production. In the downstream segment, it is involved in refining and marketing of fuels, lubricants, and petrochemicals. The company offers mining lubricants through its brand Castrol Global.
Key products: Gear oils, Forming oils, Greases, Hydraulic fluids, Compressor oils, and Chain oils.
Chevron
Chevron engages in the exploring, production, transportation, and refining of crude oil and natural gas. It markets and sells transportation fuels, lubricants, and petrochemical products; generates power and geothermal energy; and develops energy resources such as biofuels. The company markets its products under the the Chevron, Texaco, and Caltex brands.
Key products: Engine oils, Coolants, and Antifreezes.
ExxonMobil
ExxonMobil is one of the leading players in the global petroleum and petrochemical market. The company is one of the largest refiners and base stock manufacturers worldwide and engages in the production of fuels, chemicals, and lubricants. The company offers industrial lubricants through its Mobil brand.
Key products: Gear and circulating oils, Air compressor oils, Diesel engine oils, Transmission fluids, Gear and axle lubricants, and Hydraulic oils.
Shell
Shell produces and refines petroleum, lubricants, and other chemicals in addition to fuels. The company has specialized lubricant research centers in Germany, the US, the UK, and Japan. It has strong collaborations (for lubricants) with OEMs such as Ferrari, Ducati, Hyundai, Komatsu, Honda, Wärtsilä, ZF, and Schaeffer. It sells and distributes finished lubricants and provides services to customers across 100 countries worldwide.
Key products: Heavy-duty diesel engine oils, Gear oils, and Axle and transmission oils and greases.
TOTAL
TOTAL has a strong presence in both, upstream and downstream sectors. The upstream sector includes hydrocarbon exploration, development, and production, and downstream includes refining, petrochemicals, specialty chemicals, trading and shipping of crude oil and petroleum products, and marketing. TOTAL also operates in the renewable energy and power generation sectors.
Key products: Motor, axle, and gearbox oils, Transmission fluid for axles and differentials, Transmission fluid for axles and final drives, Electric wheel motor gearing, Transmission fluid for axles, and Turbocharged engines.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global Lubricants Market for Mining and Quarry Applications 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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