The global lubricants in the plastic processing market is projected to reach $5.6 billion by 2025, at a CAGR of 3.4% during 2020-2025. The growth of lubricants in the plastic processing market is driven by 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.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the lubricants in the plastic processing 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 What are the business risks and threats to the lubricants in the plastic processing market?
Q.4 What are some changing demands of customers in the lubricants in the plastic processing market?
Q.5 What are the new developments in the lubricants in the plastic processing market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this lubricants in the plastic processing area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this lubricant in the plastic processing market?
Emerging trends, which have a direct impact on the dynamics of the industry, include use of renewable raw materials for manufacturing of lubricants.
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Market Segmentation:
Based on lubricant type, the lubricants in the plastic processing market is segmented into paraffin/mineral oil, metallic stearates, petroleum/polyolefin wax, fatty amides, esters/acids/alcohols, and others. The metallic stearates segment is accounted for the largest share of the market in 2020 due to their wide usage as internal and external lubricants in PVC and other plastic processing industries and paraffin/mineral oil is expected to register the highest CAGR during the forecast period, the increasing consumption of paraffin as an external lubricant and secondary plasticizer in PVC processing.
Asia Pacific is expected to be the largest region with the highest growth over the forecast period, due to the growing demand for plastics in construction, packaging, and automotive industries.
Key Players in the Lubricants in the plastic processing market are Baerlocher, Valtris Specialty Chemicals, Clariant, PMC Biogenix, BASF SE, Peter Greven, Faci, FERRO-PLAST, and Exxon Mobil.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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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.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
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