According to a new market report published by Lucintel, the future of lubricants in the global plastic processing market looks promising with opportunities in the construction, packaging, consumer goods, and automotive industries. Lubricants in the global plastic processing market are expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $5.6 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025. The major drivers for this market are 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.
Browse 120 market data tables and 145 figures spread through 243 pages and in-depth TOC on “Lubricants in the Global Plastic Processing Market”
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In this market, different types of lubricants in plastic processing such as paraffin/mineral oil, metallic stearates, petroleum/polyolefin wax, fatty amides, esters/acids/alcohols, and others are used as lubricant type. Lucintel forecasts that metallic stearates will remain the largest market due to their wide usage as internal and external lubricants in PVC and other plastic processing industries. Lucintel predicts that paraffin/mineral oil will witness the fastest growth during the forecast period due to the increasing consumption of paraffin as an external lubricant and secondary plasticizer in PVC processing.
Within lubricants in the global plastic processing market, PVC will remain the largest polymer by value and volume due to the increasing demand for PVC in various applications such as, pipes, packaging, wire & cable, flooring, roofing, building materials, consumer goods, healthcare, and automotive parts.
Asia Pacific is expected to remain the largest market by value and volume and witness the highest growth over the forecast period due to the growing demand for plastics in construction, packaging, and automotive industries.
An emerging trend that has a direct impact on the dynamics for lubricants in the global plastic processing industry is the use of renewable raw materials for manufacturing of lubricants. Baerlocher, Valtris Specialty Chemicals, Clariant, PMC Biogenix, BASF SE, Peter Greven, Faci, FERRO-PLAST, and Exxon Mobil are among the major suppliers of lubricants.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the lubricants in the global plastic processing market by lubricant type, polymer type, product type, end use industry, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Lubricants in the Global Plastic Processing Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the lubricants in the global plastic processing market by lubricant type, polymer type, product type, end use industry, and region as follows:
By Lubricant Type [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
Paraffin/Mineral Oil Metallic StearatesPetroleum/Polyolefin WaxFatty AmidesEsters/Acids/AlcoholsOther Lubricants
By Polymer Type [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
Polyvinyl Chloride (PVC)Polyolefin (PO)Engineering PlasticsOther Plastics
By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
Construction PackagingConsumer GoodsAutomotiveOthers
By Product Type [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
Internal LubricantsExternal Lubricants
By Region [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
North AmericaUnited StatesCanadaMexicoEuropeEastern EuropeWestern EuropeAsia PacificChinaIndiaSouth KoreaJapanThe Rest of the World
This 243-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/lubricants-in-the-global-plastic-processing-market.aspx or firstname.lastname@example.org.
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