Robotics Lubricants Market Scope And Analysis

Report Code : TIPRE00029966
Category : Chemicals and Materials

Status : Published
No. of Pages : 201

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Robotics Lubricants Market Scope, Growth, Size and Share by 2028

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Robotics Lubricants Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 3.41 Billion
Market Size by 2028	US$ 6.1 Billion
Global CAGR (2022 - 2028)	10.1%
Historical Data	2020-2021
Forecast period	2023-2028
Segments Covered	By Base Oil Mineral Oil Synthetic Oil By Product Type Hydraulic Oil Gear Oil Grease By End Use Industry Automotive Food and Beverage Medical and Healthcare Electrical and Electronics Metals Other Manufacturing Industries
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Miller Stephenson Inc Shell International BV Fuchs Petrolub SE BP Plc Idemitsu Kosan Co Ltd Chemie Technik GmbH Anand Engineer Pvt Ltd Kluber Lubrication GmbH Co KG Schaeffler Austria GmbH

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

Lockdowns, travel restrictions, and business shutdowns due to the COVID-19 pandemic adversely affected economies and industries in various countries in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA). The crisis disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. Further, the international travel bans imposed by various governments in Europe, Asia Pacific, and North America forced several companies to discontinue their collaboration and partnership plans. All these factors hampered the chemicals & materials industry in 2020 and early 2021, thereby restraining the growth of various markets related to this industry, including the robotics lubricants market.

Before the COVID-19 outbreak, the robotics lubricants market was mainly driven by the rising demand from automotive and electronics industries. However, in 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic disrupted the supply chain of key raw materials and disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. Such factors reduced the production of robotics lubricants.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the robotics lubricants market include, Miller-Stephenson Inc, Shell International BV, Fuchs, Petrolub SE, BP Plc, Idemitsu Kosan Co Ltd, Chemie-Technik GmbH, Anand Engineer Pvt Ltd, Kluber Lubrication GmbH & Co KG, and Schaeffler Austria GmbHamong others.