Comparing 15 vendors in Construction Lubricants across 0 criteria.

Market Presence
Contenders Contenders
Market Leaders Market Leaders
Emerging Companies Emerging Companies
Innovators Innovators
Chevron
Sasol
Sinopec
BP
Eni
FUCHS
Liqui Moly
Lukoil
Morris Lubricants
PETRONAS
ExxonMobil
TotalEnergies
Eneos
Phillips 66
Shell
Product Footprint
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POWERED BY MARKETSANDMARKETS
Jul 23, 2024

The Construction Lubricants Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Construction Lubricants. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 70 companies of which the Top 15 Construction Lubricants Companies were categorized and recognized as the quadrant leaders.

Construction lubricants are used to reduce friction between moving parts or surfaces and to enhance the efficiency of machines used in the construction industry. They are formulated using various base oils, such as mineral oil and synthetic oil. They are used to avoid corrosion and rust and to provide protection from environmental factors such as temperature. These lubricants are very important as most of the equipment used in the construction industry is exposed to harsh conditions, which can affect their performance.

The 360 Quadrant maps the construction lubricants companies based on criteria such as revenue, geographic presence, growth strategies, investments, channels of demand, and sales strategies for the market presence of the construction lubricant’s quadrant. While the top criteria for product footprint evaluation included Base Oil (Mineral Oil, Synthetic Oil), Type of Lubricant (Hydraulic Fluid, Engine Oil, Gear Oil, Automatic Transmission Fluid, Grease, Compressor Oil, Others), By Equipment (Earth Moving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Others).

Key trends highlighted in 360 Quadrants:

  • The global construction lubricants market is poised for substantial growth, with an expected increase from USD 9.0 billion in 2022 to USD 10.6 billion by 2027, reflecting a CAGR of 3.3%. This expansion is driven by a rising worldwide demand for construction lubricants, fueled by the widespread use of these lubricants and a growing need for high-quality variants.
  • Another primary reason that is driving the growth of construction lubricants companies are the growth opportunities through strategic utilization of the e-Commerce industry to enhance customer outreach. Additionally, the development of zinc-free (ashless) lubricants serves as a promising avenue for market expansion.
  • The Asia Pacific construction lubricants market is expected to exhibit the most significant CAGR at 3.73% in terms of value from 2022 to 2027. This surge is attributed to the robust expansion of the construction sector within the region. Over the past decade, both domestic and foreign investments in the construction industry have shown a consistent upward trajectory, contributing to the notable growth of the construction lubricants market. The attractiveness of Asia Pacific as a destination for the construction industry is further amplified by the high growth rates of emerging economies and an increasing level of disposable income. These factors collectively fuel the demand for construction lubricants in the region.
  • It was also observed that in the Middle East & African and Asian regions are experiencing rapid industrialization following the post-COVID-19 era, coupled with an increase in process automation within the construction sector and a gradual uptick in construction equipment usage. These factors are pivotal in propelling the global construction lubricants industry throughout the forecast period. Construction lubricants companies have realized the potential and are now focused on expanding their footprint in these regions along with others.
  • The mineral oil segment accounted for the highest share in the market, accounting for nearly 57% in terms of value in 2023. This dominance is attributed to its lower cost than synthetic oil and its easy availability. The synthetic oil segment is also expected to grow, mostly owing to its properties such high performance in extreme conditions, high drain interval, better viscosity index, high shear stability, and chemical resistance. Construction lubricants companies are now focusing on expanding their portfolio across these.
  • In 2022, engine oil emerged as the leading segment in the construction lubricants market, dominating in terms of value. The frequent requirement for engine oil changes, surpassing other oil types, is a key driver propelling the demand for engine oil within the construction industry. Simultaneously, hydraulic fluid secured the second-largest position in the construction lubricants market in 2022, primarily driven by the substantial demand in heavy-load equipment deployed in construction. This heightened demand is attributed to the growing necessity for efficient energy transmission in such equipment.
  • The construction lubricants market is characterized by a notable concentration of major construction lubricants companies, collectively holding a substantial 50-55% share on a global scale. Despite its consolidated nature, the market dynamics have evolved due to increasing worldwide demand, resulting in heightened competition, particularly with the emergence of local manufacturers in burgeoning regions. Construction lubricants companies are engaged in a continuous battle to augment their market presence.
  • Notable construction lubricants companies such as Shell plc (UK), ExxonMobil (US), BP p.l.c. (UK), Chevron (US), PetroChina (China), Sinopec (China), and TotalEnergies (France) are at the forefront of construction lubricant manufacturing. Their strategic focus extends beyond geographical expansion to meet consumer needs, encompassing initiatives such as agreements, product launches, and portfolio strengthening. This multifaceted approach is geared towards securing new projects and tapping into previously unexplored markets. The determination of market share is derived from primary interviews, examination of product offerings, and assessment of revenue generated by these key construction lubricants companies.

The Full List

The Full List

Company Headquarters Year Founded Holding Type
BP London, UK 1909 Public
Chevron San Ramon, USA 1879 Public
Eneos Tokyo, Japan 1888 Public
Eni Rome, Italy 1953 Public
ExxonMobil Houston, USA 1999 Public
FUCHS Mannheim, Germany 1931 Public
Liqui Moly Ulm, Germany 1957 Private
Lukoil Moscow, Russia 1991 Public
Morris Lubricants Shrewsbury, England 1869 Private
PETRONAS Kuala Lumpur, Malaysia 1974 Public
Phillips 66 Houston, USA 1927 Public
Sasol Johannesburg, South Africa 1950
Shell London, UK 1907 Public
Sinopec Beijing, China 2000 Public
TotalEnergies Courbevoie, France 1924 Public
 
Frequently Asked Questions (FAQs)
Specially mixed oils and greases known as "construction lubricants" are intended to lower friction, shield, and lubricate the machinery and moving parts utilized in the construction sector. They are necessary to keep construction sites' machinery operating efficiently and for maintenance purposes.
Many types of construction machinery, such as heavy equipment including excavators, bulldozers, cranes, loaders, and power tools, require the usage of construction lubricants. Additionally, they are a part of smaller appliances like concrete mixers and generators.
Construction lubricants have a number of uses, such as lowering friction and wear on moving components, transferring heat, preventing corrosion, and preserving the efficiency and longevity of equipment.
Construction lubricant selection is influenced by a number of variables, including industry standards, manufacturer recommendations, equipment type, and operating circumstances. For individualized advice, speaking with lubricant suppliers or specialists is advised.
Yes, by minimizing wear and tear on important components and preserving peak performance, using the proper construction lubricants may greatly increase the effectiveness, lifespan, and dependability of construction equipment.
In the building sector, adherence to environmental rules is crucial. Nowadays, a lot of construction lubricants are made to be more environmentally friendly and adhere to strict regulations.
It is crucial to guarantee worker safety in the construction sector. To reduce the hazards connected with these lubricants, it is essential to follow safety rules and regulations and to handle, store, and dispose of them properly.
High-quality mineral oil-based shuttering oil is used as a versatile mold release agent for both metallic and wooden molds in concrete building projects. It has a low odor.
The type of equipment, the operating environment, and manufacturer recommendations all affect how frequently lubricant needs to be changed or maintained. The right maintenance schedule can be chosen with the use of routine monitoring and oil analysis.
The market for construction lubricants is changing due to developments including the creation of more sophisticated and ecologically friendly formulas. Eco-friendly initiatives, such using biodegradable lubricants, are getting more widespread.
Top construction lubricants companies like ExxonMobil, Shell, BP, TotalEnergies, Chevron and Sinopec are categorized as quadrant leaders, contributing significantly to the market.
 
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360 Quadrants

360 Quadrants is a scientific research methodology by MarketsandMarkets to understand market leaders in 6000+ micro markets

360 Quadrants

360 Quadrants is a scientific research methodology by MarketsandMarkets to understand market leaders in 6000+ micro markets

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