Lucintel Forecasts the Lubricants in the Global Plastic Processing Market to Reach $71 Billion by 2030
Lucintel Forecasts the Lubricants in the Global Plastic Processing Market to Reach $71 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the lubricants in the global plastic processing market looks promising with opportunities in the construction, packaging, consumer goods, and automotive industries. The lubricants in the global plastic processing market is expected to reach an estimated $71 billion by 2030 from $50 billion in 2023 at a CAGR of 5% from 2023 to 2030. The major drivers for this market are growing demand for plastics in various end use markets, including construction, packaging, consumer goods, and automotive and increased demand for lubricants to reduce frictional forces and to improve processing & productivity of plastics manufacturing.
Browse 145 figures/charts and 120 tables in this 243–page report to understand trends, opportunity and forecast in lubricants in the global plastic processing market to 2030 by lubricant type (paraffin/mineral oil, metallic stearates, petroleum/polyolefin wax, fatty amides, esters/acids/alcohols, and others), polymer type (polyvinyl chloride [PVC], polyolefin [PO], engineering plastics, and other plastics), product type (internal lubricants and external lubricants), end use industry (construction, packaging, consumer goods, automotive, others), and region (North America, Europe, APAC and the Rest of the World).
Lucintel forecasts that metallic stearates will remain the largest market due to their wide usage as internal and external lubricants in PVC and other plastic processing industries. Lucintel predicts that paraffin/mineral oil will witness the fastest growth during the forecast period due to the increasing consumption of paraffin as an external lubricant and secondary plasticizer in PVC processing.
Within lubricants in the plastic processing market, PVC will remain the largest polymer by value and volume due to the increasing demand for PVC in various applications such as, pipes, packaging, wire & cable, flooring, roofing, building materials, consumer goods, healthcare, and automotive parts.
Asia Pacific is expected to remain the largest market by value and volume and witness the highest growth over the forecast period due to the growing demand for plastics in construction, packaging, and automotive industries.
Baerlocher, Valtris Specialty Chemicals, Clariant, PMC Biogenix, BASF SE, Peter Greven, Faci, FERRO-PLAST, Exxon Mobil are the major suppliers in the lubricants in the global plastic processing market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056