Showing posts with label Lubricants Market Growth. Show all posts
Showing posts with label Lubricants Market Growth. Show all posts

Friday, 28 October 2016

Lubricants - Friction Theories, Applications and a Global Scenario

energymining
The surfaces of rolling or moving parts in all kinds of machines rub against each other. The mutual rubbing of various parts of a machine imparts resistance their movement. This resistive force is called friction.
Friction causes a significant wear and tear to the surfaces of moving parts of machines. To reduce this force of resistance, some substances are introduced between the moving surfaces. These are called lubricants. The main purpose of lubricants is to keep the moving surfaces away from each other, so the friction and the resulting damage to the moving parts can be reduced.
The process of reducing the force of resistance or friction between moving surfaces of machines by the introduction of a lubricant is called lubrication.
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What causes friction?
There are many theories that explain why friction occurs between moving parts of machines.
The welding theory suggests that all metal surfaces, irrespective of how finely they are finished, have a series of troughs and crests. So, when such surfaces are rubbed against one another, only the crests from both surfaces come in actual contact. When the surfaces are rubbed under load, the local pressure at the crests is sufficient to deform the peaks and create welding junctions between them.
The electrostatic attraction theory suggests that the stick-slip phenomenon between the moving parts results in the flow of electrons, which produce charges of opposite polarities at the interface. These charges keep holding the surfaces with each other by virtue of electrostatic attraction.
Another theory, the mechanical interlocking theory, states that when the moving surfaces come in contact with each other, the crests and troughs of both surfaces interlock with each other, thus restricting the movement of one surface over the other.
How Lubricants work?
Some lubricants are applied as thick fluid films between the moving surfaces. These films separate the moving surfaces from each other, avoiding the direct contact between surfaces which consequently results in reduced friction.
In cases where a continuous film of lubricants cannot persist between moving machine parts, a material is applied that can get adsorbed on both surfaces by virtue of either physical or chemical forces. This thin film of adsorbed substances help the moving surfaces remain away from each other, at least upto the height where crests are present on the surfaces.
In some cases characterized by very high pressure and speed between moving machine parts, either a thick or a thin film fails to stick to the surfaces. This happens as the high local temperature attained at the surfaces decomposes or even vaporizes the lubricant films. To meet these conditions, special additives are added to commonly used lubricants, making them more durable.
Global Scenario:
Lubricants are as necessary as the machines themselves in any industrial segment. If it was not for the use and introduction of lubricants, of a variety of forms in a variety of products, industrial machines would have to be either repaired or replaced within few years of their use.
The wide range of applications of lubricants in a variety of industrial segments has made this industry a billion dollar global market. This industry has huge scope of growth in the coming years as well, owing to the growth of industries such as automotives.
The automotives industry has huge growth prospects in the Asia pacific region, a region where every industry seems to flourish in the current market scenario due to rapid economic development, abundant raw materials and cheap labor. This indirectly would lead to the growth of the lubricants industry in the coming times.

Tuesday, 19 July 2016

Environmental Regulations will Provide Abundant Opportunities for Development and Sales of Bio-based Lubricants, finds TMR

The global lubricants market is consolidated and led by a few key players. The top ten lubricant manufacturers in 2013 collectively represented a share of 65.78% in the global lubricants market. Leading companies such as Royal Dutch Shell, Chevron Corporation, Total S.A., ExxonMobil Corporation, and BP p.l.c. operate across the entire value chain of the lubricants market.
The rivalry among key players is high and is expected to remain so, in the coming years, suggests a new report by Transparency Market Research (TMR). New players are likely to face difficulties in entering and expanding in the market, owing to the strong brand equity established by the leading players.
Infrastructure Developments in Emerging Countries Heighten Demand for Lubricants
Asia Pacific is witnessing rapid infrastructure developments in the form of airports, ports, roads, and residential and commercial buildings. Increasing constructional activities have given rise to a heightened demand for cement, steel, and other construction material. This in turn drives the demand for lubricants as they are used in the production of cement and construction equipment. Another factor, having a positive impact on the global demand for lubricants, is the rise in the number of vehicles in developing countries.
As per the global auto report, 30 million cars were sold in Asia Pacific in 2013. The sales volume of vehicles in APAC is expected to remain high in the coming years owing to the rising disposable income of people in the developing nations.
Popularity of Hybrid-Electric Vehicles to Negatively Impact Consumption of Lubricants
Hybrid-electric vehicles (HEVs) facilitate the turning off of the IC engine when the power from the electrical system exceeds the amount required to propel the vehicle. This results in the internal combustion engine running for shorter duration and thus, the consumption of lubricants or engine oil in hybrid cars is low. Since hybrid cars are increasingly becoming popular in the U.S., Japan, and in Europe, the count of conventional vehicles is decreasing, subsequently impacting the demand for lubricants negatively.
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Another factor that challenges the growth of the lubricants market is the improvements and advancements in engine technology and lubricant oil chemistry. Due to technology improvements, it has become possible to achieve extremely high oil drain interval in heavy duty vehicles. “This improvement in engine oil interval is reducing the consumption and the demand for lubricants worldwide,” states a TMR analyst.
Bio-based Lubricants Offer Ample Growth Opportunities
Bio-based lubricants are expensive as compared to synthetic lubricants or mineral oil and thus, will have low consumption. Nevertheless, environmental regulations are expected to provide significant growth opportunities to the bio-based lubricants market. With a regulation mandated by the International Maritime Organization on the use of environmentally acceptable lubricants (EALs) in 2013, the bio-based lubricants market is expected to grow. R&D activities are being carried out to develop cost-effective and high performance bio-based lubricants that hold the potential to replace synthetic lubricants.
Asia Pacific to Lead in Lubricants Market
By region, Asia Pacific led the global lubricants market in 2013 and is expected to retain its leading position in the coming years. APAC is also expected to be the fastest growing regional market in the coming years. APAC is anticipated to account for 44.80% of the global lubricants market by 2020.
On the basis of product, mineral oil accounted for 84.70% of the global lubricants market in 2013, in terms of volume. The segment is expected to account for 82.79% of the global market by 2020. By application, automotive oils represented a share of 54.78% in the market in 2013, in terms of volume. In terms of market size, the automotive oils segment is expected to grow in the coming years.
According to the report, the global lubricants market is expected to rise from 39,140.12 kilo tons in 2013 to 44,165.11 kilo tons by 2020 expanding at a 1.72% CAGR from 2014 to 2020.
This information is based on the findings of a report published by Transparency Market Research titled “Lubricants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020.”
The global lubricants market is segmented as follows:
Product
  • Mineral oil
  • Synthetic
  • Bio-based
Application
  • Automotive oils
  • Industrial oils
  • Metalworking fluids
  • Grease
  • Others