Turbine oil is one of the major applications of synthetic, bio-based and mineral lubricants. It is mainly used in Power plants, gas turbine lubrication, excavators and forklifts due to properties like high corrosion and oxidation inhibition and foam suppression.
Some of the major qualities that differentiate lubricants include viscosity index, water separation characteristics, thermal and oxidation stability, low volatility, low carbon formation, and anticorrosion. Turbine oil is very well known as a high quality mineral oil which has an excellent capacity of water separation.


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The market force: The Turbine Oil Industry is mainly driven by the soaring demand from the automobile industry.
The Turbine Oil Market can be segmented on the basis of :
• Type,
• Application and
• Geography.


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Logical Estimates suggest than there will be an expected 12% growth by 2020 in the Turbine Oil Market! The total turbine oil demand is expected to be about 41.8 million metric tons, or about 13 million gallons. The growth is expected to be about 2.5% per year through 2014. The highest volume among the products is Mineral Oils which accounted for a share of 96.8% in the years 2011-2018 and is expected to be the lead in the years 2014-2020 as well.
The bio based oil market consolidates for about 65% of the total turbine oils market. And commercial transportation is expected to be the fastest growing segment of the global turbine industry at an approximate CAGR of over 6.5% from 2014-2020.


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Categorization of groups: Almost every lubricant has started off as just base oil. They are usually categorized into groups:
1. Group I to III are refined from petroleum crude oil,
2. Group IV base oils are fully synthetic oils.
3. Group V is for all the other base oils not included in Groups I-IV.

Key players of this market:
1. UBL,
2. Total S.A,
3. Exxon Mobil,
4. BP,
5. Shell and
6. Chevron.


Geographical Analysis:

While North America and APAC were the largest consumers of turbine oils and are expected to be the market leaders during the forecasted period, Europe and ROW follow the contribution list in the Turbine Oil Market. Our report contains detailed information regarding all aspects of the key countries involved.

Investment Opportunities Analyzed:
• Analysis by Target companies/customers,
• Capital Investments,
• ROI,
• Payback Period and
• Source of Funds.


Other Research Insights about this market:
Dow chemical is developing a soy polyol for chemical transformations in the global turbine oil market. Vavoline was the first one to introduce engine oil (synthetic oil) in the market. One of the most promising developments for turbine oils come from DuPont/Pioneer.


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