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Global Industrial Gear Oils Market (2014 – 2020)

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 Latin America because of higher growth rate of industrial sector such as aviation, construction in these regions.

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 Latin America because of higher growth rate of industrial sector such as aviation, construction in these regions.

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IndustryARC<br />

<strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> (<strong>2014</strong> <strong>–</strong> <strong>2020</strong>)<br />

By Type (R&O Inhibiting, EP, Compounded, Synthetic and Others); By Application<br />

(Aviation, Construction, <strong>Industrial</strong> Machinery, Mechanical <strong>Gear</strong>s, Mining &<br />

Quarrying and Others) and By Geography


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TABLE OF CONTENTS<br />

1. <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>–</strong> <strong>Market</strong> Overview<br />

2. Executive Summary<br />

3. <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>–</strong> <strong>Market</strong> Landscape<br />

3.1. <strong>Market</strong> Share Analysis<br />

3.2. Comparative Analysis<br />

3.2.1. Product Benchmarking<br />

3.2.2. End user profiling<br />

3.2.3. Top 5 Financials Analysis<br />

4. <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>–</strong> <strong>Market</strong> Forces<br />

4.1. <strong>Market</strong> Drivers<br />

4.2. <strong>Market</strong> Constraints<br />

4.3. <strong>Market</strong> Challenges<br />

4.4. Attractiveness of the <strong>Gear</strong> <strong>Oils</strong> Industry<br />

4.4.1. Power of Suppliers<br />

4.4.2. Power of Customers<br />

4.4.3. Threat of New entrants<br />

4.4.4. Threat of Substitution<br />

4.4.5. Degree of Competition<br />

5. <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> <strong>–</strong> Strategic Analysis<br />

5.1. Value Chain Analysis<br />

5.2. Pricing Analysis<br />

5.3. Opportunities Analysis<br />

5.4. Product/<strong>Market</strong> Life Cycle Analysis<br />

5.5. Suppliers and Distributors


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6. <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> <strong>–</strong> By Type<br />

6.1. Rust and oxidation (R&O) Inhibiting <strong>Gear</strong> <strong>Oils</strong><br />

6.2. Extreme Pressure (EP) <strong>Gear</strong> <strong>Oils</strong><br />

6.3. Compounded <strong>Gear</strong> <strong>Oils</strong><br />

6.4. Synthetic <strong>Gear</strong> <strong>Oils</strong><br />

6.5. Others ( Food Grade, Worm)<br />

7. <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> <strong>–</strong> By Application<br />

7.1. Aviation<br />

7.2. Construction<br />

7.3. <strong>Industrial</strong> Machinery<br />

7.4. Mechanical <strong>Gear</strong>s<br />

7.5. Mining and quarrying<br />

7.6. Others (2 Cycle / Small engines)<br />

8. <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong>—By Geography<br />

8.1. Introduction<br />

8.2. Americas<br />

8.2.1. North America<br />

8.2.2. Brazil<br />

8.2.3. Argentina<br />

8.2.4. Mexico<br />

8.2.5. Others<br />

8.3. Europe<br />

8.3.1. U.K.<br />

8.3.2. France<br />

8.3.3. Germany


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8.3.4. Italy<br />

8.3.5. Others<br />

8.4. APAC<br />

8.4.1. China<br />

8.4.2. India<br />

8.4.3. Japan<br />

8.4.4. Australia<br />

8.4.5. Others<br />

8.5. ROW<br />

9. <strong>Market</strong> Entropy<br />

9.1. New Product Launches<br />

9.2. M&As, Collaborations, JVs and Partnerships<br />

10. Company Profiles<br />

10.1. Lubrication Engineers Inc.<br />

10.2. Fuchs Lubricants Co.<br />

10.3. Royal Dutch Shell Plc.<br />

10.4. Chevron Corporation<br />

10.5. Cargill Incorporated<br />

10.6. LOTOS Company<br />

10.7. Lubrizol Corporation<br />

10.8. Mobil <strong>Industrial</strong> Lubricants<br />

10.9. Phillips 66 Lubricants<br />

10.10. Moore & Balliew Oil Co., Inc.<br />

10.11. Tomlin Scientific, Inc.<br />

10.12. Texas Oil Group Ltd Co.


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10.13. Chem Arrow Corporation<br />

10.14. GMC Oil Company<br />

10.15. Texas Petrochemical Asia Pacific Pte Ltd<br />

10.16. Addinol Lube Oil GmbH<br />

10.17. Afton Chemical Corporation<br />

10.18. North Sea Lubricants B.V.<br />

10.19. Lubrita Company<br />

10.20. Amalie Oil Company<br />

11. Appendix<br />

11.1. Abbreviations<br />

11.2. Sources<br />

11.3. Research Methodology<br />

11.4. Bibliography<br />

11.5. Compilation of Expert Insights<br />

11.6. Disclaimer


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LIST OF TABLES<br />

Table 1 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> <strong>–</strong> Pricing Analysis ($)<br />

Table 2 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Type, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 3 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Type, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 4 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Application, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 5 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Application, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 6 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Geography, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 7 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Geography, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 8 <strong>Global</strong> Rust and oxidation (R&O) Inhibiting <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By<br />

Application, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 9 <strong>Global</strong> Rust and oxidation (R&O) Inhibiting <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By<br />

Application, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 10 <strong>Global</strong> Extreme Pressure (EP) <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Application, <strong>2014</strong>-<strong>2020</strong><br />

($M)<br />

Table 11 <strong>Global</strong> Extreme Pressure (EP) <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Application, <strong>2014</strong>-<strong>2020</strong><br />

(Kilo Tons)<br />

Table 12 <strong>Global</strong> Compounded <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Application, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 13 <strong>Global</strong> Compounded <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Application, <strong>2014</strong>-<strong>2020</strong> (Kilo<br />

Tons)<br />

Table 14 <strong>Global</strong> Synthetic <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Application, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 15 <strong>Global</strong> Synthetic <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Application, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 16 <strong>Global</strong> Other <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Application, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 17 <strong>Global</strong> Other <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Application, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 18 Americas <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Type, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 19 Americas <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Type, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 20 Americas <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Application, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 21 Americas <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Application, <strong>2014</strong>-<strong>2020</strong> (Kilo<br />

Tons)<br />

Table 22 Americas <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Country, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 23 Americas <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Country, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 24 APAC <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Type, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 25 APAC <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Type, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 26 APAC <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Application, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 27 APAC <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Application, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)


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Table 28 APAC <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Country, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 29 APAC <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Country, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 30 Europe <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Type, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 31 Europe <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Type, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 32 Europe <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Application, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 33 Europe <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Application, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 34 Europe <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Country, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 35 Europe <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Country, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 36 RoW <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Type, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 37 RoW <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Type, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 38 RoW <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Application, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 39 RoW <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Application, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 40 RoW <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Country, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 41 RoW <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Country, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 42 <strong>Global</strong> Rust and oxidation (R&O) Inhibiting <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Geography,<br />

<strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 43 <strong>Global</strong> Rust and oxidation (R&O) Inhibiting <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Geography, <strong>2014</strong>-<br />

<strong>2020</strong> (Kilo Tons)<br />

Table 44 <strong>Global</strong> Extreme Pressure (EP) <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Geography, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 45 <strong>Global</strong> Extreme Pressure (EP) <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Geography, <strong>2014</strong>-<strong>2020</strong> (Kilo<br />

Tons)<br />

Table 46 <strong>Global</strong> Compounded <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Geography, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 47 <strong>Global</strong> Compounded <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Geography, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 48 <strong>Global</strong> Synthetic <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Geography, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 49 <strong>Global</strong> Synthetic <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Geography, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 50 <strong>Global</strong> Other <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Revenue, By Geography, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Table 51 <strong>Global</strong> Other <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Volume, By Geography, <strong>2014</strong>-<strong>2020</strong> (Kilo Tons)<br />

Table 52 M&A, Product Launches, 2010-2015


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List of Figures<br />

Figure 1 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong>, By Geography, <strong>2014</strong> - <strong>2020</strong> ($M)<br />

Figure 2 Segmentation of <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong><br />

Figure 3 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Competitive Share Analysis, <strong>2014</strong>(%)<br />

Figure 4 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Share, By Type, <strong>2014</strong> (%)<br />

Figure 5 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Share, By Application, <strong>2014</strong> (%)<br />

Figure 6 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Share, By Geography, <strong>2014</strong> (%)<br />

Figure 7 Americas <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Share, By Country, <strong>2014</strong> (%)<br />

Figure 8 Europe <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Share, By Country, <strong>2014</strong> (%)<br />

Figure 9 APAC <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Share, By Country, <strong>2014</strong> (%)<br />

Figure 10 RoW <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Share, By Country, <strong>2014</strong> (%)<br />

Figure 11 <strong>Global</strong> <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong> <strong>Market</strong> Recent Developments, By Year, 2012-2015


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1. GLOBAL INDUSTRIAL GEAR OILS <strong>–</strong> MARKET OVERVIEW<br />

1.1 SCOPE<br />

<strong>Industrial</strong> gear oil is a specific type of lubricant mainly used in industrial gearboxes. They are<br />

more capable to handle the extreme pressure and heat generated by such machines. Having<br />

higher viscosity, industrial gear oil protects the complex machineries like transmission and<br />

increases their durability or life. Changes in power & weight of industrial gearboxes and also its<br />

specifications forced to manufacture improved gear oil. Demand for industrial gear oil is in the<br />

rising trend throughout the globe.<br />

<strong>Global</strong> industrial gear oil market has been segmented by different types like rust and oxidation (R<br />

& O) inhibiting gear oils, extreme pressure (EP) gear oils, compounded gear oils, synthetic gear<br />

oils and others (food grade, worm). The global market is further segmented on the basis of<br />

different application areas such as aviation, construction, industrial machineries, mechanical<br />

gears and others . Each of these segments is further broken down to give an in-depth analysis of<br />

the market. The report also focuses on different geographic regions and the key countries in<br />

terms of changing trends in using industrial gear oil in various fields. Competitive landscape for<br />

each of the product types is highlighted and market players are profiled with attributes of<br />

company overview, financial overview, business strategies, product portfolio and recent<br />

developments. The study includes the demand of this particular market on a global and regional<br />

scale for a six year period of <strong>2014</strong>-<strong>2020</strong>, both in terms of volume(kilo tons) and revenue($<br />

billion).<br />

This report gives detailed information about the product value chain right from the beginning<br />

which includes raw materials till end-use. The market is evaluated based on the key attributes<br />

such as the power in the hands of producers and consumers, analysis on the degree of<br />

competition, and threats from substitutes and new entrants. The report also includes the<br />

overview of Lubrication Engineers Inc., Fuchs Lubricants Co., Royal Dutch Shell Plc., Chevron<br />

Corporation and many others.<br />

1.2 Stakeholders<br />

The following are the key stakeholders in the <strong>Industrial</strong> <strong>Gear</strong> <strong>Oils</strong>:<br />

Manufacturers of gear boxes<br />

<strong>Gear</strong> oil manufacturers<br />

Instrumentation and Automation Service providers<br />

Oil exploration firms<br />

Suppliers & Distributors<br />

Regulatory Institution


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2. EXECUTIVE SUMMARY<br />

<strong>Industrial</strong> gear oil is a part of <strong>Industrial</strong> lubricants. <strong>Industrial</strong> gear oil market is a niche and<br />

attractive segment. Demand is higher in APAC and Latin America because of higher growth rate<br />

of industrial sector such as aviation, construction in these regions. Standards or specifications for<br />

industrial gear oil are regulated by different regulatory bodies mainly American <strong>Gear</strong><br />

Manufacturers Association (AGMA), German Institute for Standardization (DIN) and American<br />

Petroleum Institute (API).<br />

Rapid industrialization in emerging countries Brazil, Russia, India and China (BRIC) will<br />

continue to stimulate the demand for industrial gear oil. <strong>Industrial</strong> lubricant market is estimated<br />

to contribute around 38% to the global lubricant market volume by <strong>2020</strong>.<br />

SAMPLE TABLE: GLOBAL INDUSTRIAL GEAR OIL MARKET REVENUE, BY<br />

PRODUCT TYPE, <strong>2014</strong>-<strong>2020</strong> ($M)<br />

Product Type <strong>2014</strong> 2015 2016 2017 2018 2019 <strong>2020</strong> CAGR<br />

(2015 -<br />

<strong>2020</strong>) %<br />

R&O Inhibiting <strong>Gear</strong> Oil xx xx xx xx xx xx xx xx%<br />

EP <strong>Gear</strong> Oil xx xx xx xx xx xx xx xx%<br />

Compounded <strong>Gear</strong> Oil xx xx xx xx xx xx xx xx%<br />

Synthetic <strong>Gear</strong> Oil xx xx xx xx xx xx xx xx%<br />

Others xx xx xx xx xx xx xx xx%<br />

Total xx xx xx xx xx xx xx xx%<br />

Source: IndustryARC Analysis, Expert Insights<br />

R&O inhabiting gear oil has better chemical stability, demulsibility, corrosion prevention and<br />

foam suppression; whereas in case of EP gear oil the special additives in it enhances the film<br />

strength and load carrying capacity. Compounded gear oil is best for the worm gear system<br />

because it can increase the lubricity.


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SAMPLE FIGURE: GLOBAL INDUSTRIAL GEAR OIL MARKET SHARE BY<br />

GEOGRAPHY (%), <strong>2014</strong><br />

North America<br />

Europe<br />

APAC<br />

ROW<br />

Source: Industry ARC Analysis, Expert Interviews<br />

The above figure illustrates the current global industrial gear oil market share by geographic<br />

regions. As shown, APAC dominates the market with around 40% and expected to grow at a<br />

CAGR of 3% till <strong>2020</strong>. North American market is in second place with xx% and Europe in third<br />

with xx%.


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KEY MARKET INSIGHTS<br />

• Prominent industrial gear oil manufacturer Lubrication Engineers Inc. launched a new<br />

product named synthetic Ovenworx NSF H1, which is safe to use in food manufacturing<br />

plants as it contains no artificial dyes.<br />

• Amalie Oil Company has entered into an agreement with Tampa Bay Sports<br />

and Entertainment LLC, to manufacture industrial gear oils.<br />

• Afton Chemical launched new additive i.e., HiTEC® 8744X Heavy Duty Diesel Oil<br />

(HDDO) and it is used to reduce the friction in the heavy machinery.<br />

• Addinol has launched a new multi-functional oil i.e., ADDINOL UTTO Plus to enhance<br />

best viscosity and also for the use at low temperature.<br />

It is anticipated that in the coming future, the cost of the gear box manufacturing is lowered,<br />

while increased productivity at the end-user level will have additional demands on gear oils.


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11.3 RESEARCH METHODOLOGY<br />

The quantitative and qualitative data collected for the global <strong>Industrial</strong> gear oil market report<br />

is from a combination of secondary and primary sources. Research interviews were conducted<br />

with senior executives and/or managers of leading global <strong>Industrial</strong> gear oil manufacturers.<br />

These Key Opinion Leaders (KOLs) were then provided a questionnaire to gather<br />

quantitative and qualitative inputs on their operations, performance, strategies and views on<br />

the overall market, including key developments and technology trends. Data from interviews<br />

is consolidated, checked for consistency and accuracy, and the final market numbers are again<br />

validated by experts. The global market was split by types, application, composition and<br />

geography based on different factors like primary and secondary sources, understanding of<br />

the number of companies operating in each segment and also KOL insights.<br />

We have used various secondary sources such as directories, articles, white papers,<br />

newsletters, annual reports and paid databases such as OneSource, Hoovers and Factiva to<br />

identify and collect information for extensive technical and commercial study of the global<br />

<strong>Industrial</strong> gear oil market.<br />

The key players in the market and its value chain were identified through secondary research<br />

and their market opinions were also gathered in a similar way through telephonic interviews<br />

and questionnaires. We have also studied the annual reports of these top market players.<br />

Interviews with key opinion leaders such as directors, managers, and marketing personnel<br />

were used extensively in understanding the need and emergence of global <strong>Industrial</strong> gear oil<br />

market.


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THE ARC ADVANTAGE<br />

An analytical model lies at the core of our process, ensuring logical consistency<br />

throughout our research. We complement the model with secondary data and<br />

interviews with industry experts to reflect the latest trends. With our final expert<br />

validation, we provide you with only the most accurate and actionable intelligence.<br />

THE ARC PROCESS<br />

Analytical<br />

Method<br />

Base Method<br />

Consolidation<br />

Method<br />

Delphi<br />

Verification<br />

1. Granular<br />

breakdown of<br />

drivers into<br />

factors<br />

2. Validate all<br />

factors in terms<br />

of their present<br />

impact on the<br />

market<br />

3. Assign weights<br />

to these factors in<br />

terms of their<br />

relevance and<br />

impact on the<br />

market<br />

1. Get a topdown<br />

estimate of<br />

the market<br />

2. Follow it up<br />

with a bottom-up<br />

estimate of the<br />

market<br />

3. Check<br />

forconsistency<br />

and new growth<br />

factors that are<br />

relevant over the<br />

next 10 Years<br />

1. Granular<br />

breakdown of<br />

drivers into<br />

factors<br />

2. Validate all<br />

factors in terms<br />

of their present<br />

impact on the<br />

market.<br />

3. Assign weights<br />

to these factors in<br />

terms of their<br />

relevance and<br />

impact on the<br />

market.<br />

1. Verify the<br />

findings of the<br />

model with<br />

experts from<br />

across the value<br />

chain<br />

2. Verify the<br />

findings with<br />

players across<br />

small and large<br />

enterprises<br />

3. Tweak the<br />

model and add<br />

new factors<br />

4. Build the<br />

Analytical Model<br />

4. Build the Base<br />

model<br />

4. Build the<br />

Consolidated<br />

Model<br />

4. Finalize the<br />

ARC Model<br />

ANALYTICAL MODEL BASE MODEL CONSOLIDATED MODEL ARC MODEL


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ABOUT US<br />

IndustryARC was started by a group of young, passionate professionals along with<br />

extensively experienced industry veterans across various business segments. Our focus and<br />

expertise is mainly in the field of analytics, market research and consulting. Our singular<br />

goal is to provide accurate and affordable research to our clients.<br />

Our research team has expertise in diverse fields like Automotive, Chemicals,Consumer<br />

Product & Services, Electronics, Food & Beverages, Healthcare etc., However diverse the<br />

expertise maybe, everyone in our team shares one common trait - we love data and we love<br />

providing solutions to clients using that data even more! Seeing your business flourish<br />

based on our solutions and strategy is what we love the most!<br />

IndustryARC publishes more than 30 reports on an annual basis in the mentioned<br />

Industries. Our reports are in-depth and high quality reports that can help decision makers<br />

frame better strategies for their business requirements. These reports can be further<br />

customized as per your needs.<br />

Disclaimer:<br />

• The reports sold by IndustryARC are limited publications containing valuable<br />

market information provided to a select group of customers in response to orders.<br />

• Our customers acknowledge and agree that any report bought from IndustryARC is<br />

for their own internal use and not for general publication or disclosure to third<br />

parties.<br />

• Our reports or part of the reports, information contained in the report, cannot be<br />

shared or resold to any other third party.<br />

• Disclosure to third parties, usage of data in a public document, article or blog by the<br />

customer can be done with prior permission taken from IndustryARC.<br />

For information regarding permissions and sales, contact:<br />

sales@industryarc.com | sanjay.matthews@industryarc.com


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IndustryARC<br />

+1 614 - 588 - 8538<br />

sales@industryarc.com<br />

Copyright ©2015 IndustryARC<br />

All Rights Reserved. This document contains highly confidential information and is the sole<br />

property of IndustryARC. No part of it may be circulated, copied, quoted, or otherwise<br />

reproduced without the approval of IndustryARC.

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