Europe Lubricant Market Will Reach 11.54 Billion USD by 2022

Lubricant is a substance introduced to reduce friction between moving surfaces. It may also have the function of transporting foreign particles. The property of reducing friction is known as lubricity (or slipperiness). Lubricant as its name implies have to perform in various applications like automotive, industrial, marine and others.

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In the last years, Europe lubricant industry got a slow development as the slow growing of Europe economy and automotive industry. in 2016, the total sales of Europe lubricant market is about 6.67 million MT.

In Europe, the main manufacturers of lubricant are Total, Shell, BP, ExxonMobil and Lukoil. In fact, the top 5 manufacturers occupied market share about 79%.

According to our research and analysis, Russia is the largest consumption market in Europe with market share over 29% with a large amount of industries. Followed Russia, Germany is the second place with market share of 17%.

Mineral Lubricant is the major product of lubricant with market share over 73% in 2016. And the largest application is industries use, while it included a large amount of applications like meatal working fluid.

The Global Lubricant Market Research Report 2018 report released by QYResearch provides a basic overview of the Lubricant industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Europe, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Lubricant industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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