Hyderabad, India, March 21, 2017 (GLOBE NEWSWIRE) -- The report “Industrial Gear Oils Market: By Type (Mineral, Synthetic, Food Grade, Worm Gear Oils); By Application (Manufacturing Industry, Steel Industry, Mining, Construction, Agriculture, Energy and Others) & By Geography - Forecast (2017-2022)”, published by IndustryARC, estimates Europe will be a key growth driver during the forecast period.
Browse 75 Market Tables, 9 Figures spread through 188 Pages and an in-depth TOC on “Industrial Gear Oils Market 2017-2022”.
http://industryarc.com/Report/1307/Industrial-gear-oils-market-analysis.html
Scope & Regional Forecast of the Industrial Gear Oils Market:
Industrial gear oil is a part of Industrial lubricants. Industrial gear oil market is a niche and attractive segment. Demand is higher in APAC and Europe because of higher growth rate of industrial sector such as manufacturing, construction in these regions. Standards or specifications for industrial gear oil are regulated by different regulatory bodies mainly American Gear Manufacturers Association (AGMA), Deutsche Industry Norm (DIN) and American Petroleum Institute (API).
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Mineral gear oil is a mixture of higher alkanes from a mineral source, particularly a distillate of petroleum, whereas synthetic gear oil is engineered product created by chemical reactions through the precise application of pressure and temperature. As a result, the end product is a pure compound, less vulnerable to oxidation, highly resistant to breakdown, and uniform in molecular size. Mineral gear oil is available in light and heavy grades that provide rust protection to internal gears and bearings whereas Synthetic gear oils are used in heavy-duty industrial gear drives that require gear lubricants with high viscosity, heavy load-carrying capacity, rust & corrosion prevention and friction control. Food grade gear oil is mainly used for food processing industrial applications, to handle food, feed and pharmaceuticals, especially during high loads and high moisture conditions. Worm gears are used in various industries and machinery applications which operate under extremely high or low temperatures and act as speed reducers.
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Prominent Segmentations Involved in the Industrial Gear Oils Market:
The Industrial Gear Oils Market can be broken down into various segmentations on the basis of –
- Type: Mineral Gear Oils, Synthetic Gear Oils, Food Grade Gear Oils, Worm Gear Oils.
- Application: Manufacturing Industry, Steel Industry, Mining, Construction, Agriculture, Energy, Others.
- Geographic Location: Americas, Europe, Asia-Pacific and Rest of the world.
Some of the sample companies profiled in the Industrial Gear Oils Market report are as follows:
- BOSS Lubricants
- Quaker Chemical Corporation
- BOSS Lubricants
- Quaker Chemical Corporation
- W.S. Dodge Oil Company, Inc.
- Royal Dutch Shell Plc.
- LOTOS Company
- The Lubrizol Corporation
- Exxon Mobil Corporation
- Phillips 66 Lubricants
- Tomlin Scientific, Inc.
- GMC Oil Company
- Forest Lubricants (UK) Ltd
Why buy this report?
- Get a detailed picture of the Industrial Gear Oils Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market’s major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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