Allied Market Research has published a comprehensive report titled “Global Lubricants in Construction Market, 2023–2032”, covering insights by base oil, product type, construction equipment, and application. According to the study, the market was valued at $11.4 billion in 2022 and is projected to reach $16.8 billion by 2032, growing at a CAGR of 4.0%.
𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 @ https://www.alliedmarketresearch.com/lubricants-in-construction-market-A144261
Key Growth Drivers
- Rising government incentives for infrastructure development
- Increased use of heavy machinery in construction
- Expanding construction activities in Asia-Pacific
Challenges & Opportunities
- While environmental concerns regarding lubricant use pose a challenge, opportunities lie in:
- Green construction practices
- Integration of digitalization and IoT
- High-performance lubricant formulations
Download Sample Report Pages: https://www.alliedmarketresearch.com/request-sample/A144261
Market Breakdown
- By Base Oil
Mineral Oil led the market in 2022 (over 50% share), driven by growing use in heavy-duty machinery. - Synthetic Oil is expected to grow fastest (CAGR 4.5%) due to its superior properties and sustainability benefits.
By Product Type
- Engine Oil held the largest share (nearly one-third) in 2022 and is forecast to maintain dominance, owing to its essential role in machinery performance.
By Construction Equipment
- Earthmoving Equipment dominated in 2022 (almost 50% share), thanks to rising urbanization and precision technologies.
- Heavy Construction Vehicles are projected to grow at the highest rate (CAGR 4.4%) due to ongoing infrastructure developments.
Request For Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/A144261
By Application
- Vertical Construction led in 2022, fueled by urban population growth and land-use efficiency.
- Horizontal Construction (roads, bridges, utilities) is projected to see the highest growth (CAGR 4.4%) amid economic and infrastructure expansion.
By Region
- Asia-Pacific was the largest regional market in 2022 (over 50% share) and is expected to continue leading through 2032, driven by rapid industrialization in China, India, and neighboring countries.
Key Market Players
- Exxon Mobil Corporation
- FUCHS
- Shell
- PETRONAS Lubricants International
- Chevron Corporation
- TotalEnergies SE
- Sinopec Corp
- Lukoil
- Morris Lubricants
- BP p.l.c.
Get Full Report (978 Pages): https://bit.ly/49xnJPd
These companies are actively engaging in product innovation, regional expansion, partnerships, and strategic mergers to strengthen their market presence.
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
