Lubricant Packaging Market in APAC expected to reach over $5.5bn by 2024

Graphical Research has reported the addition of the “Lubricant Packaging Market: Asia Pacific Industry Analysis and Opportunity Assessment 2019 - 2024" report to their offering.

India - August 13, 2019 /MarketersMedia/ —

Rising automotive production is a major factor that will augment the growth of lubricant packaging market. The sale of passenger cars in Asia Pacific region witnessed a year-on-year growth of over 3% whereas the region has witnessed an annual growth of over 4% in the overall automotive sale in 2017. Rising automotive demand, increasing spending capacity of middle-class population, and overall economic development are few factors that will drive the automotive sector’s growth in the region. Lubricants are extensively used as engine oils in automobiles and further development in the industry will prosper lubricant packaging demand.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1224/sample

According to the Graphical Research new growth forecast report titled Asia Pacific Lubricant Packaging Market By Packaging (Kegs & drums, Cans & bottles, Pails, IBC), By End-user (Automobile, Metal Fabrication, Oil & Gas, Power Generation, Chemical), By Material (Plastic [PP, PET, PE, PVC], Metal [Aluminum, Tin, Steel]), By Lubricant (Engine Oils, Transmission & Hydraulic Fluids, Process Oils, Metalworking Fluids, General Industrial Oils), Industry Analysis Report, Regional Outlook (China, India, Japan, Australia, Indonesia, Malaysia, Thailand, South Korea) Estimated to hike at USD 5.5 billion by 2024.

Among the material segment, metal will have substantial market share. Metals are widely used in the manufacturing of packaging products like cans, pails, kegs, etc. Aluminum is preferred for cans, tin is used for drums, pails, kegs, etc. and medium & large sized drums are made from steel. Aluminum will have the highest share in lubricant packaging industry during the forecast timespan owing to its easy availability, excellent pressure & temperature characteristics, lightweight and low costs.

Make an Inquiry for purchasing this Report @ https://www.graphicalresearch.com/request/1224/inquiry-before-buying

Among the packaging type segment, pails are likely to have over 20% share in lubricant packaging industry during the forecast timespan. Structure of pails is similar to that of bucket and has a closing-lid at the top. Pails are used for low volume lubricant storage and handling applications in both industrial and commercial sectors.

Among the lubrication type, transmission & hydraulic fluids are likely to have over 15% share in of the industry during the forecast period. These fluids are extensively used in power transmission applications as a power transmitting medium in hydraulic systems. The growth of this segment will be driven by escalating demand for lubricant packing in backhoes & excavators, hydraulic brakes, garbage trucks, industrial machinery, elevators, etc.

Metal fabrication application will have substantial market share during the forecast period. Metal fabrication is widely used in manufacturing sector. Increasing demand for prefabricated construction owing to the investment in numerous infrastructure development projects will prosper the demand of metal fabrication segment. Other factors such as investments in metal processing & electric furnace, escalating demand for aircrafts, rising consumption of aluminum, etc. will also have positive impact on lubricant packaging demand.

Browse Table of Contents @ https://www.graphicalresearch.com/table-of-content/1224/asia-pacific-lubricant-packaging-market

Key Asia Pacific lubricant packaging market participants includes Perusahaan Jaya Plastik (M) Sdn Bhd, Duplas Al Sharq L.L.C., Greif, Inc., Mauser Group B.V., Milford Barrel, Time Technoplast Ltd, BWAY Corporation, Sicagen, Scholle IPN, etc.

Asia Pacific lubricant packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2013 to 2024, for the following segments:

Segments Covered in this Report:

Asia Pacific Lubricant Packaging Market Share, By Material
Metal
Aluminum
Tin
Steel
Plastic
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polypropylene (PP)
Poly vinyl chloride (PVC)
Others

Asia Pacific Lubricant Packaging Market Size, By Technology
Kegs & drums
Cans & bottles
Intermediate bulk packaging (IBC)
Pails
Others

Asia Pacific Lubricant Packaging Market Value, By Lubricant
Engine oils
Transmission & hydraulic fluids
Process oils
Metalworking fluid
General industrial oils
Others

Asia Pacific Lubricant Packaging Market Forecast, By End-use
Automobile
Metal fabrication
Oil & gas
Power generation
Chemical industry
Others

Browse key industry insights from this Report @ https://www.graphicalresearch.com/industry-insights/1224/asia-pacific-lubricant-packaging-market

Related Reports:

Europe Lubricant Packaging Market : https://www.graphicalresearch.com/industry-insights/1225/europe-lubricant-packaging-market

North America Lubricant Packaging Market : https://www.graphicalresearch.com/industry-insights/1213/north-america-lubricant-packaging-market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Info:
Name: Parikhit B.
Email: Send Email
Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1224/asia-pacific-lubricant-packaging-market

Source URL: https://marketersmedia.com/lubricant-packaging-market-in-apac-expected-to-reach-over-55bn-by-2024/88907332

Source: MarketersMedia

Release ID: 88907332

More News From The Witness Daily

Chicago's top cop retiring after turbulent 3-plus years

Nov 20, 2019

CHICAGO — Chicago Police Superintendent Eddie Johnson announced Thursday that he's retiring after more than three years as the city's top cop, a post he took over during one of the most violent chapters in the city's history and amid public outcry over the release of a video showing an officer shooting a black teen 16 times. During a news conference in which Johnson announced his retirement, Mayor Lori Lightfoot said he'd agreed to serve through the end of the year. A successor hasn't yet been named. "These stars can sometimes feel like you're carrying the weight of the world,"...

The Latest: Malaysia to free Cambodian opposition activists

Nov 20, 2019

KUALA LUMPUR, Malaysia — The Latest on the attempted return of opposition politicians to Cambodia (all times local): 6:15 p.m. A Malaysian rights commissioner says the government will release senior Cambodian opposition official Mu Sochua and two other activists. Human Rights Commission member Jerald Joseph says authorities are preparing the papers and will allow Mu Sochua and two youth activists from her outlawed Cambodia National Rescue Party to remain in the country. He didn't give further details. Mu Sochua was detained Wednesday night and the other two on Monday. The release was surprising because Prime Minister Mahathir Mohamad earlier said...

3rd-party bid? Gabbard's denials don't ease Democrats' fears

Nov 20, 2019

No matter how many times Tulsi Gabbard says she's staying a Democrat, she keeps making her party nervous. Her fondness for conservative media venues like Tucker Carlson's Fox News show and The Wall Street Journal's opinion page has led some Democrats to fear she plans an independent presidential bid after her longshot attempt at the Democratic presidential nomination eventually ends. Gabbard has repeatedly said that's not true, most recently Wednesday on ABC's "The View." It's unclear she could qualify for the Green Party nomination or pull a significant share of voters if she did run. That hasn't calmed Democrats having...

China sentences 3 in fentanyl trafficking case after US tip

Nov 20, 2019

XINGTAI, China — A Chinese court sentenced three fentanyl traffickers Thursday in a case that was a culmination of a rare collaboration between Chinese and U.S. law enforcement to crack down on global networks that manufacture and distribute lethal synthetic opioids. Liu Yong was sentenced to death with a two-year reprieve, while Jiang Juhua and Wang Fengxi were sentenced to life in prison. Six other members of the operation got lesser sentences. Working off a 2017 tip from the U.S. Department of Homeland Security, Chinese police busted a drug ring based in the northern Chinese city of Xingtai that shipped...

Congress approves bill expanding animal cruelty law

Nov 20, 2019

WASHINGTON — Congress has passed a bill making certain types of animal cruelty a federal felony. The bill would expand a 2010 law that made creation or distribution of so-called "animal crushing" videos illegal. The new bill would make the underlying acts of cruelty a federal crime. The Senate unanimously passed the Preventing Animal Cruelty and Torture Act on Tuesday, two weeks after the House passed it on a voice vote. Florida Reps. Ted Deutch and Vern Buchanan sponsored the bill. Deutch, a Democrat, said it "sends a clear message that our society does not accept cruelty against animals" and...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH