The Driving Force behind Australia’s Lubricants Market Growth: Ken Research The lubricant market in Australia was showing steady growth and significant potential. Lubricants play a crucial role in various industries, including automotive, industrial, marine, and aerospace, among others. STORY OUTLINE Lubricants Demand Surges: Australia used ~460 ML of lubricating oil in 2018-2019, majorly by diverse sectors like industry, mining, automotive, and transport. Maintenance Awareness Boosts Demand: Preventive maintenance awareness… Read More »
Australia Lubricant Market on Fast Track with Impressive ~5.9% Projected CAGR by 2027: Ken Research The lubricant market in Australia was dynamic and competitive, with both domestic and international companies operating in the market. The industry attracted various players offering a wide range of lubricant products and services. STORY OUTLINE The demand for automotive lubricants in Australia is projected to rise significantly due to the increasing production and sales of light commercial vehicles and… Read More »
Shell’s Prelude FLNG Facility’s Safety Breach Raises Fire and Explosion Risks: Ken Research Australia’s offshore regulator, Nopsema, stated that the operator is probable to once more breach occupational health and safety laws. STORY OUTLINE Worker Safety Priority: Offshore oil and gas worker safety crucial for accident prevention and environmental protection. Prelude FLNG Breach: Shell’s facility exposes workers to fire and explosion risks, prompting concern over safety compliance. Stringent Protocols Essential: Robust… Read More »
Australia Lubricant market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F – Ken Research What Is The Size Of Australia Lubricant Industry? The Australia Lubricant Market is largely driven by rapid growth in industrialization and infrastructural developments, rising private & government investments and cost-effective manufacturing operations. The lubricant market in Australia has experienced growth over the years, primarily driven by the expanding automotive, industrial, and manufacturing sectors. The growth… Read More »
Increasing production and sales of light commercial vehicles as well as heavy duty vehicles, primarily for trade transport is expected to propel demand for automotive lubricants across Australia in the coming years: Ken Research Australia Lubricants Market is in the growing stage, the market is majorly consolidated. Domestic and International players coexist in the supply side in the Australia Lubricants Market. Key Findings of Australia Lubricants Market: Lubricants Industry concentration is at a moderate level, with the four largest companies estimated to account for approximately 40% of industry revenue… Read More »
The effective growth in the number of commercial vehicles and passenger cars, increasing investment in the infrastructure is a crucial factor driving the growth of Australia Lubricants market: Ken Research Australia Automotive Lubricants Market: Australia Automotive Lubricants Market is projected to surpass $ 1.4 billion by 2023 in Australia. Automotive and other transportation media, such as aircraft and marine, are the largest markets for lubricants. Engine designs have been continually improved to enhance performance, increase efficiency, and, at the same time, meet the environmental emission… Read More »
