Key Findings
The North America lubricants market is projected to record a CAGR of 0.38%, during the forecast years of 2019 to 2028. The rising demand for oilfield chemicals owing to expansion in activities such as drilling and exploration, is anticipated to facilitate market growth.

Market Insights
Canada and the United States are analyzed for the North America lubricants market growth assessment. The chemical manufacturing sector in Canada is a vital contributor to the country’s economy. The industry transforms and adds value to raw materials and resources like crude oil, natural gas, minerals, and biomass, creating transitional products used as inputs in most manufacturing sectors. Moreover, Canada is also evolving as a global leader in bio-hybrid chemicals. According to the Chemistry Industry Association of Canada (CIAC), the chemical industry shipments in 2018, were valued at over $57 billion, where exports constituted over $39 billion, and imports accounted for around $59 billion. This has primarily propelled the demand for industrial lubricants in the chemical manufacturing application. Petro-Canada, a lubricant company, is launching new advancements and developments within the Canadian lubrication technology, thus propagating the region’s market. Moreover, Canada is a high-tech industrial country with important market avenues such as, automotive, power generation, and oil and gas chemical manufacturing that hike the demand for lubricants.

Competitive Insights
Chevron Phillips Chemical Company LLC, Eni SpA, FUCHS, BASF SE, BP Plc, HPCL, etc. are among the leading companies in the market.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments