Lubricant Packaging Market to hit USD 15bn by 2024, Automobile Industry to drive demand: Global Market Insights, Inc. Lubricant Packaging Market size is forecast to exceed USD 15 billion by 2024; according to a new research report by Global Market Insights, Inc. Lubricant packaging is widely used across all major industries as lubricants are an essential part of many applications. Exponentially growing automobile industry shall positively impact lubricant packaging market size for the forecast duration. Rising disposable income of consumers, especially in Asia Pacific and Latin America, is directly influencing sales of passenger vehicles, which is a positive sign to look out for lubricant packaging market growth in the forecast timespan. North America is also an active market for product manufacturers due to large number of ongoing shale oil/gas reserve exploration projects in the U.S. and technologically evolving automobile sector. Robust growth in energy and power generation sector will be driving product demand for the forecast duration. The major challenges for future lubricant packaging market size shall be environment pollution caused from plastic clogging & landfills and the fluctuations in raw material prices.
The top companies in the spray polyurethane foam industry include Balmer & Lawrie, Glenroy, Grief Inc., Time Technoplast, Mauser Group B.V, Milford Barrel, SCHĂœTZ GmbH & Co., KGaA and BWAY Corporation
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