USA: +1 312-376-8303
EU: +44 208-144-9523
info@cognitivemarketresearch.com
D&B D-U-N-S No : 85-356-3074
https://www.cognitivemarketresearch.com
  • Industries
    • Aerospace & Defense
      • Commercial Aviation
      • Defence
      • Homeland Security
    • Agriculture
      • Agrochemicals
      • Feed and Animal Nutrition
      • Farm Equipments and Irrigation
      • Seeds and Others
      • Agricultural Biologicals
    • Automobile & Transportation
      • Automotive
      • Automotive Parts
      • Transport Services
      • Infotainment Navigation and Telematics
      • Safety and Security Systems
      • Satellite Communication
      • Computing and Technology
      • Smart Infrastructure
      • Physical Safety
    • Chemical & Materials
      • Specialty Chemicals
      • Coatings Adhesives Sealants and Elastomers
      • Green Bio Chemicals
      • Bulk Chemicals and Inorganics
      • Packaging
      • Advanced Material
    • Consumer Goods
      • Personal Care Products
      • Household
      • Sporting Goods and Equipment
      • Consumer Electronics
      • Clothing
      • Media and Entertainment
      • Retail
      • Travel and Tourism
      • Consumer Services
    • Electronics & Electrical
      • Sensors and Controls
      • Semiconductors
      • Electronic Security
      • Electronic Systems and Devices
      • Display Technologies
      • Emerging and Next Generation Technologies
    • Energy & Power
      • Renewable Energy
      • Conventional
      • Storage and Distribution
      • Combined Heat and Power
      • Energy Efficiency and Conservation
      • Utility
      • Equipment and Devices
    • Food & Beverages
      • Food and Beverages Ingredients
      • Consumer Food and Beverages
      • Food and Beverages Processing and Technology
      • Food Safety and TIC
      • Food and Beverages Additives
      • Food and Beverages Logistics
      • Flavors Colors and Fragrances
      • Protein Vitamins and Minerals
      • Free From and Clean Label
      • Nutraceuticals and Dietary Supplements
      • Plant Based Ingredients
    • Internet & Communication
      • Digitalization and Internet of Things
    • Machinery & Equipment
      • Industrial Equipment
      • General and Heavy Engineering
    • Manufacturing & Construction
      • Manufacturing Industy
      • Construction Industry
      • Mining and Metals
    • Market Research Reports
    • Medical Devices & Consumables
      • Drug Delivery Devices
      • Dental Devices
      • Mobility Aid Technologies
      • Minimally Invasive
      • Microfluidics and MEMS
      • Non Invasive monitoring
      • Bioimplants and Neurostimulation
      • Cardiovascular Devices
      • In Vitro Diagnostics
    • Paints and Coatings
    • Pharma & Healthcare
      • Pharmaceutical
      • Healthcare
    • Service & Software
    • Syndicate Reports
    • Transport & Logistics
    • Water Treatment
  • Top Reports
  • Methodology
  • Athenaeum
  • Media
    • Blogs
    • Press Release
    • Articles
    • Videos
    • Infographics
    • Company Profile
    • White Papers
  • Citation
  • About Us
    • Clientele
    • Testimonials
    • Careers
    • Events
    • Case Study
    • Teams
    • Contact Us
    • Services
      • Automobile and Transportation
      • Electronics and Electrical
      • Energy and Power
      • Food and Beverages
      • Paints and Coatings
      • Pharma and Healthcare
0
Login

Growing Demand of Lubricant Market

Published At: 30-May-2023 Updated At: 31-May-2023

What is Lubricant?

Lubricant is a material that is used to minimize friction between surfaces in contact. It is also used for Power dissemination, heat control, and security against dust. It helps to minimize oxidation and protect against corrosion. Lubricants are majorly used for industrial purposes. Other than Industrial applications, it is used for so many other purposes like Cooking, Oil, and fat is used in cooking to prevent food sticking from to the frying pan, bio application of a human, and medical examination.

Lubricant is used for making garage door lubricant, the Water-based lubricants are used in personal or medical settings to reduce friction and improve viscosity during invasive procedures.

Lubricants typically include 90% of base oil and fewer than 10% of additives. Base oils can be synthetic liquids like silicones, esters, fluorocarbons, hydrogenated polyolefins, and many others or vegetable oils. Higher viscosity, enhanced viscosity index, minimize friction, opposition to oxidation and corrosion, aging or contamination, and other benefits are provided by additives.

Market Drivers-

Growing demand from the construction sector –

The Government of Egypt has made a crucial investment in the construction sector. The construction sector is growing in the previous ten years in Egypt. Water-based lubricants are used to reduce friction. The government is primarily focused on the construction of roads, especially railroads. Lubricant help to protect construction equipment and reduces their maintenance cost. It improves the reliability and efficiency of machinery by minimizing corrosion, rust, heat, contamination, and friction. It is also used for enhancing temperature control of the machinery.

Growing demand for engine oil-

Egypt's automobile sector has been growing for the past 50 years. It is presently Africa's second-biggest market and the world's 42nd-largest. Hence it is impacting more engine oil sales. Engine oil is used to eliminate friction and excessive power loss. A properly oiled engine uses fuel more efficiently and thus performs better. The production of passenger cars is increasing in a country resulting in more engine oil consumption.  Thus, the increasing demand for engine oil is boosting the growth of the lubricant market.

Market Restraints-

The decline in the sales of new vehicles-

Auto sales in Egypt are reduced by 78.4% compared to February 2022. Russia- Ukraine war, the abutment of the national currency, and the US dollar appreciating against the Egyptian pound are reasons for increasing the price of a new car. Thus, increasing car prices resulted in a decrease in sales of new cars. hence the demand for silicone lubricants and garage door lubricants is decreasing.

Conclusion –

Development in the Infrastructure and automobile sector is the major driving factor for market growth. The use of Paraffin oil in many industries increases the demand. Technological advancement in the construction and automobile industry in expanding the market. The increase in demand for wind energy, and engine oil is resulted positively in the market. Power Generation to Experience Profitable Growth in the Egypt lubricant market.

Author's Detail

Kalyani Raje, LinkedIn

With a work experience of over 8+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as report writing, content writing, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.

Author's Detail:

Kalyani Raje / LinkedIn

With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.

Recently Published Articles

  • Technical Advancement In Treatment Significantly Increase The Growth Of The Circulating Tumor Cell Market

  • How Conventional Oil is Frequently the Most Cost-Effective Option for Industry

  • Recent Technological Advancements In The Breast Biopsy Market Are Contributing To Market Growth

  • How The Increasing Urbanization Impacting The Cementitious Waterproofing Market?

  • how does the growing demand among textile industries propel the growth of the ethylene oxide market

List of All Articles

Related Reports

  • Construction Worker Safety Market Report

  •     |         |         |    

  • Connected Construction Site Market Report

  •     |         |         |    

  • Construction Mobile Cranes Market Report

  •     |         |         |    

    View All
Subscribe To CMR Newsletter

Stay in touch with us to get latest news and discount coupons

Address

Sales Office Address (USA): 20 N State Street, Chicago, Illinois, 60602 United States

Headquarters: G4060, Solitaire Business Hub, Viman Nagar, Pune, Maharashtra 411014.

Call Us On


USA: (+1) 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
India: (+91) 983-496-8611

Email Us

info@cognitivemarketresearch.com

sales@cognitivemarketresearch.com

admin@cognitivemarketresearch.com

Authentication

  • payment-mode

About Us

  • Services
  • Testimonials
  • Citation
  • Events
  • Case Study
  • White Papers
  • Teams
  • Careers
  • Clientele
  • Contact Us

Research Data

  • Research Methodology
  • Athenaeum Subscription
  • Report Store
  • Syndicate Reports

Terms & Conditions

  • Privacy Policy
  • Return Policy
  • How To Order
  • Disclaimer

Media

  • Blogs
  • Press Release
  • Infographics
  • Videos
  • Articles
  • Company Profile
  • Sitemap

We Accept

  • payment-mode
  • payment-mode

RSS

  • Sitemap
©2023 Cognitive Market Research. All rights reserved

We do not store your personal details or this web session! By using our website, you agree to our user privacy policy developed considering user data protection laws. Please acknowledge this by clicking the button Below!

I Acknowledge Close