Lubricants for Cement Industry Market Rapid Rise in Industrialization Plays Key Role in Market Development
Cement and concrete manufacturing involves numerous operations that involves operations and related process in harsh physical conditions such as heavy loads, extreme temperatures, exposure to various elements and in the constant pressure of contaminants such as cement dust. In order to achieve a seamless operation and saving abrasion of machine components cement manufacturers uses wide range of integrated equipment such as crushers, ball mills, bucket elevators, kilns, vertical mills to name a few. Throughout the supply chain of cement manufacturing from quarry, crusher to final dispatching unit these equipment are used. Cement manufacturing plant generally works round a clock and had a shutdown with a frequency of once a year. With round o’clock functioning these equipment are vulnerable and subjected to wear and tear which further increases downtime and maintenance cost. Also, the extreme condition such as high temperature and loads makes the maintenance & repair of machines a very difficult task.
In order to reduce the maintenance cost & downtime various manufacturers used lubricants often referred as lubricants for cement industry that enables proper functioning of the equipment. Commercially there are numerous kind of lubricants for cement industry are available. Manufacturers develops the wide range of lubricants for cement industry having different grades tailor-made according to the need of various operations. These lubricants for cement industry are available in different viscosities and made up from additives and base oil. The right lubricants for cement industry has to be selected in order to maintain the throughput of the cement operating plant at optimum level.
Lubricants for Cement Industry Market: Drivers and Restraints : The demand for the lubricants for cement industry has continuously pursued by the cement plant operators as a part of maintenance activity of the machine components. Construction industry is continuously booming across the globe which creates demand for high quality construction materials and on-site production of blended cement and mortar which in turn is expected to fuel up the demand for lubricants for cement industry.
Construction industry is anticipated to witness acceleration in large public infrastructural programs, which is expected to create public-private partnership opportunities & boosts the demand for lubricants for cement industry.
In the coming years, it is estimated that the construction and associated materials markets in emerging countries are expected to create opportunities for numerous foreign players involved in universe of lubricants for cement industry to penetrate into the regional market. This could present significant opportunities for local firms to partner in the form of business partner or acquired by major players that want to gain a foothold in the domestic lubricants for cement industry market. With this growing demand in construction industry the demand for high quality cement and other building product is expected to grow which in turn increases the demand for lubricants for cement industry.
Also, innovation in technologies required for the production of cement, concrete and other building materials has led to increased efficiency of manufacturing processes, leading to significant consumption of lubricants for cement industry. However volatility in crude oil prices may hamper the market growth. The lubrication oil price is totally dependent on the price of base oil which is one of the end product of refinery process and derived through crude oil processing.