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Bangladesh Lubricants Market Business Plans 2019 Growing Rapidly with CAGR, Current Strategies, Competitive Landscape and Future Forecast to 2024


New research report on “Bangladesh Lubricants Market” 2019-2024 focuses on a deep analysis of the current status of Bangladesh Lubricants industry. It also presents professional and in-depth study of Bangladesh Lubricants market report that offers granular analysis of the market share, manufacturers, product type, applications, technological advancement, and geographic regions. Bangladesh Lubricants market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Report Highlights:

  • Market Dynamics – Drivers, Restraints, and Opportunities
  • Market Segmentation – Types, Applications, Regions, and Technology
  • Market Trends
  • Competitive Landscape
  • SWOT Analysis and Porter’s Five Forces Analysis

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Some Companies Are Covered in the Bangladesh Lubricants Market:

  • APSCO Bangladesh
  • Basumati Group of Companies
  • City Lub Oil Industries Ltd
  • Corona Group (Lukoil)
  • Gulf Oil Bangladesh Limited
  • Imam Group (FUCHS and Conoco)
  • MJL Bangladesh Limited (Exxon Mobil)
  • Navana Petroleum Limited (Caltex/Chevron)
  • Padma Oil Company Limited
  • Rahimafrooz Distribution Ltd (Castrol)
  • Ranks Petroleum Ltd (Royal Dutch Shell PLC)
  • Trade Services International (Total)
  • United Lube Oil Limited (Petronas)
  • Total
  • Ranks Petroleum Ltd (Royal Dutch Shell)
  • Rahimafrooz Distribution Ltd (Castrol)
  • Corona Group (Lukoil)
  • MJL Bangladesh Limited (Mobil)

    Market Overview:

  • The Bangladeshi lubricants market is expected to register a CAGR of approximately 2.80% during the forecast period, 2019-2024. The major factor driving the market studied is the continuous rise of construction activities in the country. High price of synthetic lubricants is expected to hinder the growth of the market to some extent.
  • – The construction sector dominated the market in 2017, and it is expected to grow during the forecast period.
  • – Growing demand for new motor vehicles is likely to act as an opportunity in the future.<

    Scope of the Report:

  • This report studies the global Bangladesh Lubricants market size, industry status and forecast, competition landscape and growth opportunity.

    Reasons for Buying Bangladesh Lubricants Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward-looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

    For More Information or Query or Customization Before Buying, Visit at –

    Bangladesh Lubricants Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

    Key Market Trends:

    Increase in the Demand for Automotive Vehicles

    – Light motor vehicles and passenger cars are the fastest growing sectors, and they are also the largest consumer of lubricants in Bangladesh. Lubricants are used in automobiles in the form of engine oil, coolants brake oil, and other transmission oils.
    – The sales of the automotive vehicle has been increasing rapidly over a period 2013-2017 and is expected to increase over the period of 2019-2024. In 2017, according to the Bangladesh Road Transport Authority (BRTA), a total of 0.5 million of vehicles were registered in Bangladesh.
    – The per capita income of the citizens of Bangladesh is increasing steadily, in turn, leading to rise in the living standards of the people, and thus, the demand for the automobiles is increasing.
    – Additionally, the sectors, such as metal working and construction, are also flourishing, which are supporting the increase in the demand for lubricants during the study period.

    Engine Oil

    – The demand for engine oils in Bangladesh has been rising steadily since the past five years, owing to the rapid growth in the sales of motor vehicles (both domestically manufactured and imported) in the country.
    – The sales of new passenger vehicles witnessed an increase of nearly 30% in 2016-17 (according to the International Organization of Motor Vehicle Manufacturers), and the growth is expected to continue further, owing to the rising purchasing power of consumers and easier credit availabilities in the recent times.
    – The sales of high-end cars have witnessed a massive surge in the country lately, with a growth rate of over 15% being recorded during 2015-18. This, in turn, has spurred the consumption of semi-synthetic and synthetic engine oils in the country in the recent times.

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    Detailed TOC of Bangladesh Lubricants Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Construction Activities
    4.2.2 Increasing Activities of Metalworking and Metallurgy
    4.3 Market Restraints
    4.3.1 High Price of Synthetic Lubricants
    4.4 Value Chain/Supply Chain Analysis
    4.5 Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5.1 Product Type
    5.1.1 Engine Oil
    5.1.2 Transmission and Hydraulic Fluid
    5.1.3 Metalworking Fluid
    5.1.4 General Industrial Oil
    5.1.5 Gear Oil
    5.1.6 Grease
    5.1.7 Other Product Types
    5.2 End-user Industry
    5.2.1 Power Generation
    5.2.2 Automotive and Other Transportation
    5.2.3 Heavy Equipment
    5.2.4 Food and Beverage
    5.2.5 Metallurgy and Metalworking
    5.2.6 Other End-user Industries

    6.1 Vendor Market Share
    6.2 Mergers and Acquisitions
    6.3 Company Profiles
    6.3.1 APSCO Bangladesh
    6.3.2 Basumati Group of Companies
    6.3.3 City Lub Oil Industries Ltd
    6.3.4 Corona Group (Lukoil)
    6.3.5 Gulf Oil Bangladesh Limited
    6.3.6 Imam Group (FUCHS and Conoco)
    6.3.7 MJL Bangladesh Limited (Exxon Mobil)
    6.3.8 Navana Petroleum Limited (Caltex/Chevron)
    6.3.9 Padma Oil Company Limited
    6.3.10 Rahimafrooz Distribution Ltd (Castrol)
    6.3.11 Ranks Petroleum Ltd (Royal Dutch Shell PLC)
    6.3.12 Trade Services International (Total)
    6.3.13 United Lube Oil Limited (Petronas)
    6.3.14 Total
    6.3.15 Ranks Petroleum Ltd (Royal Dutch Shell)
    6.3.16 Rahimafrooz Distribution Ltd (Castrol)
    6.3.17 Corona Group (Lukoil)
    6.3.18 MJL Bangladesh Limited (Mobil)

    7.1 Increase in Demand for Automotive Vehiclesa


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