Global Wire Rope Lubricants Market: Overview
Wire rope lubricants are designed for coating and protection of a wire rope from corrosion and they minimize the internal and external wear. The lifespan of a wire rope can be dramatically amplified when it is coated with a lubricant, i.e., lack of lubrication would result in reduction of longevity for wire ropes. Wire rope lubricants find a wide range of applications in industrial fields, including mining, forestry, shipping, construction cranes, building elevators (lifts) and suspension bridges. These applications can be also be categorized based on consumption of lubricants. The lubricants used during the manufacturing of ropes come under category 1, whereas the lubricants used during the working conditions of wire ropes come under category 2.
Additionally, fatigue life of ropes can also be greatly extended by proper lubrication, when the wires can move freely to balance the stress distribution caused by drums or sheaves. The lubricant must reach the fiber cores or they will absorb moisture and encourage corrosion. Today, new legislative environmental guidelines are driving the users to give deliberation not only to the typical wire rope lubricants that lubricate and protect the wire ropes, but that are also considered as environment friendly.
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Global Wire Rope Lubricants Market: Dynamics
The wire rope lubricants market is primarily driven by increasing oil & gas, mining and marine activities across the globe. This is mainly due to high usage of wire rope lubricants in the above applications for the proper functioning and working of wire ropes as well as to meet the required life span of the ropes.
The global wire ropes lubricants market can be affected by the government norms made for the protection of environment. Additionally, introduction of biodegradable wire rope lubricants is going to create lucrative opportunities for the wire rope lubricant manufacturers as these lubricants are environmental friendly and are newly introduced in the market.
Global Wire Rope Lubricants Market: Segmentation
The global wire rope lubricants market can be segmented based on product type, applications, end use and regions.
By product type, the global wire rope lubricants market can be segmented as:
- Biodegradable Wire Rope Lubricant
- Non – Biodegradable Wire Rope Lubricant
By application, the global wire rope lubricants market can be segmented as:
- Rope Manufacturing Lubricants
- In – Service Wire Rope Lubricants
- Penetrating lubricants
- Coating lubricant
By end use, the global wire rope lubricants market can be segmented as:
- Oil & gas
- Industrial & Cranes
- Marine & Fishing
Global Wire Rope Lubricants Market: Regional Outlook
On the basis of regions, Asia Pacific is expected to hold significant share in the global wire rope lubricants market as in China the production of ropes takes place at a large scale. Thus, the consumption of lubricants in the manufacturing of ropes takes place on a large scale. On the other hand, North America and the Middle East & Africa are also expected to show noteworthy share in the global wire rope lubricants market, which is attributed to the presence of prominent oil & gas industries and manufacturers in these regions. Moreover, growing mining and marine activities are also expected to fuel the demand for wire rope lubricants in the forecast period. Whereas Latin America is projected to be the least attractive market for wire rope lubricants in the forecast period.
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Global Wire Rope Lubricants Market: Key Participants
Examples of some of the key participants in the global wire rope lubricants market are:
- HP Lubricants
- Lubrication Engineers
- Bel-Ray Company, LLC
- The Crosby Group
- Bans Group of Companies
- The Kirkpatrick Group
- Royal Manufacturing Company
- Wirerope Works Inc.
- Schaeffer Manufacturing Co.
- HVL Group
- Masto Wire Service AS
- Anand Engineers
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.