Indonesia Industrial Lubricant Sales Volume is expected to reach about 722 million litres by 2023: Ken Research

The Report covers competitive landscape of major players with special focus on Pertamina, Shell, Castrol, Idemitsu, Total, Exxon Mobil and Pacific Lubritama.

INDONESIA, February 13, 2020 /EINPresswire.com/ -- It is expected during the forecast period, 2018-2023E; the sale volume of hydraulic oil, industrial greases and gear oil in the industrial lubricant market would grow at a CAGR of close to 8%, 5% and 9% respectively. Hydraulic oil is estimated to dominate the market owing to higher demand from multiple end users industries, such as mining, construction, power generation, general manufacturing and others.

Construction & Mining sector is expected to contribute majority share in the total sales volume of industrial lubricants in Indonesia in 2023. As on 31st December 2018, a total of 160,576 construction projects were established in the country and it is expected that, the number of construction projects would further increase in the coming years.

Increasing End User Demand: The industrial segment is marked by heavy lubricant consumption majorly due to continuous equipment operations. The end users comprise of various sectors such as power, chemicals, metals, manufacturing, automotive, mining, road construction and others. Diversifying application requirements coupled with increased interest in the use of bio-derived lubricants and waste-oil recycling is expected to drive the market volume. Emergence of new establishments in the SME sector owing to government’s push would also create a positive impact on the utilization of industrial lubricants in the country.

Expansion in Production Capacity: There has been a rise in number of domestic & international players setting up manufacturing facilities in the country. It is anticipated that domestic and international players will be setting up more lubricant oil blending plants in order to expand their operations in the country. Major lubricant manufacturers will focus on new product development and product customizations (with focus on higher technical grade) in order to further increase their market penetration in the coming years.

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-industrial-lubricants-market/251374-100.html

Increasing Demand for Synthetic and Semi-Synthetic Lubricants: Synthetic and semi-synthetic lubricants are majorly used in the industrial sector for the efficient functioning as well as smooth working of machines. Both the lubricant types are growing in popularity owing to their wide capability of improving industrial equipment’s productivity. These are widely available in liquid, semi-fluid and solid state and further possess various characteristics such as high Viscosity Index (VI), high level of thermal stability, low freezing point, high boiling point and others, therefore collectively helping to reduce friction between surfaces of machinery parts and the rate of wear and tear.

Analysts at Ken Research in their latest publication “Indonesia Industrial Lubricants Market Outlook to 2023 - By Industrial Lubricants (Hydraulic Oils, Industrial Greases, Metal Working Fluids, Industrial Gear Oils, Turbine Oils, Compressor Oils, and Others), By End Uses (Construction and Mining, General Manufacturing, Power Generation, Metal Production, Food Processing, Cement and Others), By Distribution Channel (Direct Sales and Dealer Network)” believe that the market is expected to register positive CAGR of close to 7% in terms of sales volume during the forecasted period 2018-2023.

Key Segments Covered in Indonesia Industrial Lubricants Market

• By Origin
o Mineral Lubricant
o Semi-Synthetic Lubricant
o Synthetic Lubricant

• By Type of Industrial Lubricants
o Hydraulic Oils
o Industrial Greases
o Metal Working Fluids
o Industrial Gear Oils
o Turbine Oils
o Compressor Oils
o Others

• By Industrial End Uses
o Construction and Mining
o General Manufacturing
o Power Generation
o Metal production
o Food Processing
o Cement
o Others

• By Type of Distribution Channels
o Direct Sales
o Dealer Network

• By Sales Clusters
o Kalimantan
o Sulawesi
o Papua
o Sumatra

• By Basis of Packaging
o Barrels, Drums
o Smaller Packs
o IBC (Intermediate Bulk Containers)

Key Target Audience
• Industrial Lubricant Manufacturers
• Industrial Lubricant Importers
• Industrial Lubricant Distributors
• Government and Regulatory Authority
• Construction Companies
• Textile Companies
• Cement Companies
• Mining Companies
• Paper and Pulp Manufacturers
• Power Generation Companies
• Steel Manufacturers
• Investors and VC Firms

Time Period Captured in the Report:
• Historical Period – 2013-2018
• Forecast Period – 2019-2023

Companies Covered:
• PT Pertamina Lubricants
• PT Shell Indonesia
• Exxon Mobil
• PT Castrol Indonesia
• PT Total Indonesia
• PT Idemitsu Lube Indonesia
• PT Balmer Lawrie Indonesia
• PT Pacific Lubritama
• PT Fuchs Lubricants Indonesia
• PT Chevron Indonesia

Key Topics Covered in the Report

Indonesia Industrial Lubricant Industry Value Chain (Inter-Entity Relationship and Margin Analysis)
Indonesia Industrial Lubricant Market
Introduction to Indonesia Industrial Lubricant Market
Indonesia Industrial Lubricant Market Size Basis Revenue and Sales Volume, 2013-2018
Indonesia Industrial Lubricant Market Segmentation, 2013-2018
Competition Landscape in the Indonesia Industrial Lubricant Market
Indonesia Industrial Lubricant Market Future Outlook and Projections Basis Revenue and Sales Volume, 2018-2023E
Issues and Challenges Indonesia Industrial Lubricant Market
Decision Making Parameters in Selecting a Vendor for Industrial Lubricant in Indonesia
Pain points faced by the end users and suppliers in Indonesia Industrial Lubricant Market
End User Analysis in Indonesia Industrial Lubricant Market
SWOT Analysis of Indonesia Industrial Lubricant Market
Trends and Growth Drivers in Indonesia Industrial Lubricant Market
Government Regulations in the Indonesia Industrial Lubricant Market
Company Profiles of Major Players in Indonesia Industrial Lubricant Market
Analyst Recommendations
Indonesia Mineral Lubricant Market
Indonesia Semi Synthetic Lubricant Market
Indonesia Synthetic Lubricant Sales
Indonesia Hydraulic Oils Market
Indonesia Industrial Greases Sale Volume
Indonesia Metal Working Fluids Lubricants Revenue
Indonesia Industrial Lubricants Revenue
Indonesia Industrial Lubricants Production Volume
Indonesia Industrial Lubricants Production Capacity
Indonesia Industrial Lubricants Sales
Indonesia Turbine Oil Price
Number of Players Indonesia Lubricant
Hydraulic Oil Sales Indonesia
Industrial Greases Sales in Indonesia
Compressor Oil Sales in Indonesia
Turbine Oil Sales in Indonesia
Indonesia Compressor Oils Sales
Gear Oil Sales in Indonesia
Best Selling Products Pertamina
PT Shell Indonesia Sales
PT Castrol Indonesia Revenue
Best Selling Products PT Idemitsu Indonesia
Industrial Lubricant Sales Kalimantan
Industrial Lubricant Sales Papua
Industrial Lubricant Sales Sumatra
SWOT Indonesia Industrial Lubricants
Trends Indonesia Industrial Lubricants
Issues Indonesia Industrial Lubricants
Regulations Indonesia Industrial Lubricants
Production Capacity Pertamina
Exxon Mobil Sale Volume in Indonesia
Industrial Lubricant Sale Volume Pertamina
Industrial Lubricant Sale Volume Shell
Industrial Lubricant Sale Volume Castrol
Lubricant Oil blending Plants Indonesia
Industrial Lubricant Application Construction Sector
Industrial Lubricant Application Mining Sector
Industrial Lubricant Application Power Generation Sector
Industrial Lubricant Application Cement Sector
Future of Indonesia Industrial Lubricant Market
Future Indonesia Industrial Lubricant

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-industrial-lubricants-market/251374-100.html

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