A lubricant is a type of chemical used for smooth running of small as well as large equipment by enhancing efficiency of the equipment. The building & construction industry utilizes several equipment that require specialized lubrication to get rid of breakdowns and site stoppages. Continuous maintenance and lubrication of equipment in the construction sector is important to achieve long lifespan of equipment, its correct operation and high efficiency, and fuel savings. For example, Delo 400 LE SAE 15W-40 is a type of mixed-fleet motor oil recommended for turbocharged four-stroke diesel and gasoline engines. It is manufactured by Chevron Corporation.

Several types of construction lubricants are available in the market such as biodegradable oils; gear, gearbox and transmission oils; high-speed greases; and heavy load greases. The construction lubricants market can be classified based on base oil, product type, and equipment type. Based on base oil, the construction lubricants market can be segmented into mineral oil and synthetic oil. Synthetic oil-based lubricants offer several advantages over mineral oil-based lubricants such as high performance in extreme conditions, higher shear stability and drain intervals, better viscosity index, and better chemical resistance. In terms of product type, the market can be divided into hydraulic fluid, engine oil, gear oil, compressor oil, and others. Hydraulic fluid was the leading product type segment of the construction lubricants market, in terms of volume, in 2017. Construction lubricants market is owing to high demand for hydraulic fluid for use in heavy-load equipment employed in the construction industry. Based on equipment type, the construction lubricants market has been divided into earthmoving, material handling, and heavy construction vehicles.

Increased consumer awareness, stringent regulations, and favorable properties of synthetic oil-based lubricants such as water solubility are projected to drive the synthetic lubricant oils during the forecast period. Growth of the construction industry in developing economies, rise in automation in the construction industry, and focus of major players on improved quality of lubricants are driving the construction lubricants market. However, recent technological advancements in construction lubricant formulations have led to the development of oil rejuvenation, which is expected to hamper the demand for construction lubricants market during the forecast period.

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