BLOG

Common Types of Lubricants and Their Uses: Lubricants Market Overview

Sep 15, 2018

The role and benefits of lubricants cannot be undermined in today’s mechanical world. They help reduce friction and allow machines to do more work for the same amount of energy input. They can achieve this by lowering the temperature of the materials that are in contact with each other. A beneficial side-effect of this process is that the lifespan of moving parts is greatly enhanced every time a lubricant is used. Generally, there are three types of lubricants – solid, liquid, and semi-solid. Each of these lubricant types are available for commercial use but are best suited for specific applications. The beneficial properties of lubricants ensure that the demand is always steady, but in markets such as Australia, the recovery of the mining sector will have a positive effect on the overall growth rate. According to SpendEdge’s latest research report, the increasing coal and iron ore mining activities will spur the demand for various lubricant types over the next four years.

To know more about the dynamic factors affecting the lubricant market and strategies to mitigate market risks, request a free sample below.

Lubricants..

Types of Lubricants

 

Oils

Oils are types of lubricants that are made of long polymer chains with several additional properties. The corrosion inhibiting properties of oils prevent parts from corroding. It is used to prevent the corrosion of hinges, bearings, tool maintenance, and sharpening blades.Demo

Penetrating lubricants

These types of lubricants are low-viscosity oils with additives that are specially designed for a single purpose and that is to lubricate the tiny cracks between surfaces and remove rust. It is used to lubricate screw threads.

Dry lubricants

They are made up of lubricating particles such as molybdenum disulfide, graphite, silicone, and PTFE. They are used in 3D printer rails, threaded rods, locks, and hinges.

Greases

Greases are made using mineral oil and mixing it with thickeners like lithium-based soaps. It is used to lubricate gears, bearings, chains, linkages.

Continue reading to know more or request a free sample report.

Get Free Sample_SE

 

Lubricants Market Overview

The automobile, marine, mining, manufacturing, and power and energy are key end-users of lubricant oils. Among the major end-users, the mining and automobile industries are the biggest markets due to their rising demand for various types of lubricants. Lubricating oils are used in mining equipment such as drilling machines, pneumatic tools, and excavators. The demand for lubricating oils post-2017 in mining industries has increased due to factors like the extensive mining of minerals such as coal and iron ore. During the forecast period, LCV sales are expected to increase at an annual rate of nearly 2.5% and this will also contribute to the growth of the lubricants market. Furthermore, the global trend of replacing older cars with newer models is also expected to fuel market growth over the next couple of years. (Source: SpendEdge’s procurement report on the lubricant category)


Lubricants..

Properties of Lubricants

  1. Suitable viscosity, which prevents a change in its state during temperature fluctuations.
  2. Oiliness, provides adherence to bearings and makes its surface smooth.
  3. Better chemical stability, which helps prevent surface reactions.
  4. High flash point and fire point, preventing it from leaving a heavy deposit and poisonous exhaust.
  5. Excellent cleansing properties, which helps clean engines effectively

Get Free Sample_SE

 

 

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars