What is the Size of Mexico lubricant Industry?
Mexico Lubricant market is growing at a CAGR of ~% in 2017-2022 and is expected to reach MXN ~ Bn by 2027F. The Mexico Lubricant Market is largely driven by manufacturing industry growth, construction growth, automotive growth, trade agreements and foreign investment.
In automotive applications, lubricants are widely used in things like transmission and heavy-duty diesel engine oils for passenger cars. In certain auto processes, such as the movement of chains and pistons, lubricants are also used. The increase and rise in demand for autos around the world is predicted to be the main factor driving the need for lubricants. The strong heat resistance and high effectiveness of lubricants in high-temperature situations are projected to support the market’s expected growth rate.
Also, due to the lubricant’s distinct quality, which is mostly dependent on a number of characteristics including hydraulic stability, a high viscosity index, strong resistance to oxidation, a high boiling point, and thermal stability, demand for them is on the rise. These features help to reduce friction in many applications, which is also to blame for the increased need for lubricant on a global scale. The market growth rate has been predicted by the growing usage of lubricants due to their superior features.
Mexico Lubricant Market by type of lubricant
The Mexico Lubricant market is segmented by type of lubricant into industrial and automotive lubricant. Mexico uses more automotive lubricant as it is in high demand in market.
Mexico Lubricant Market by grade of lubricant
The Mexico Lubricant market is segmented by grade of lubricant into mineral, synthetic and semi-synthetic. Semi-synthetic has the highest market share in Mexico lubricant market as they have both the properties of mineral and synthetic lubricants.
Mexico Lubricant Market by type of industrial lubricant
The Mexico Lubricant market is segmented by type of industrial lubricant into hydraulic fluid, grease, gear oil, metalworking fluid and others. Lubricants such as engine oils, transmission fluids, hydraulic fluids, gear oils, and grease are used to prevent wear and tear in a variety of automotive applications. With the increased use of used cars and various government initiatives to promote the automotive sector in the country, the lubricant market will expand in the coming years.
Mexico Lubricant Market by End User of Industrial Lubricant
The Mexico Lubricant market is segmented by grade of lubricant into construction and mining, general manufacturing, metal production, power generation, food processing and others.
Key Segments Covered in the report:-
Mexico Lubricant Market
Mexico Lubricants Market Segmentations
By Type of Lubricant
Industrial Lubricant
Automotive Lubricant
By Grade of Lubricant
Mineral
Semi-Syntenic
Synthetic
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Mexico Industrial Lubricants Market Segmentations
By Type of Industrial Lubricant
Hydraulic Fluid
Grease
Gear Oil
Metalworking Fluid
Others (Turbine Oil, Compressor Oil, etc.)
By End Use of Industrial Lubricant
Construction and Mining
General Manufacturing
Metal Production
Power Generation
Food Processing
Others (Agriculture, Medical, etc.)
By Distribution Channel
Dealer Network
Direct Sales Premium
Unorganized Sector
Mexico Automotive Lubricants Market Segmentations
By Type of Automotive Lubricants
Heavy-Duty Diesel Engine Oil
Passenger Vehicle Motor Oil
Transmission Fluids
Hydraulic Oil
Greases
Gear Oils
By End Use of Automotive Lubricant
Commercial Vehicles
Passenger Cars
Motor Cycles
Marine
Others (Aviation, Railways, etc.)
By Distribution Channel
Dealer Network
OEM Workshops/Service stations/Local Workshops
Supermarkets/ Hypermarkets
Online
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Key Target Audience:-
Lubricants Manufacturers
Lubricants Distributors Refining Companies
Construction and Mining Industry
General Manufacturing Industry
Metal Production Industry Base-oil Companies
Additive Companies
Metal Production Industry
Power Generation Industry
Food Processing Industry
Agriculture Industry
Medical Industry
Automotive OEMs
Automotive Dealerships
Government Agencies
Consulting and Advisory Firms
Time Period Captured in the Report:-
Historical Period: 2017-2022
Base Year: 2022
Forecast Period: 2022-2027F
Companies Covered:-
Bardahl
BP PLC (Castrol)
Chevron Corporation
ExxonMobil Corporation
Mexicana de Lubricantes S.A. de C.V.
Raloy
Roshfrans
Royal Dutch Shell Plc
Total Energies
Valvoline Inc.
Gulf
Shell
Key Topics Covered in the Report
Mexico Industrial and Automotive Overview
Ecosystem, Business Cycle and Genesis Mexico Lubricants Market
Market Sizing Analysis and Segmentation of Mexico Lubricants Market, 2017-2022
Mexico Industrial Lubricants Market Segmentation, 2022
Mexico Automotive Lubricants Market Segmentation, 2022
Industry Analysis Mexico Lubricants Market
End User Analysis of Mexico Lubricants Market
Competitive Framework of Mexico Industrial and Automotive Lubricant Market
Future Market Size and Future Segmentation of Mexico Industrial and Automotive Lubricant Market, 2022-2027F
Market Opportunity and Analyst Recommendations
For more insights on the market intelligence, refer to below link:-
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