Global Industrial Lubricants Market By Overview
Introduction:
Industrial Lubricants Market accounted for US$ 64.20 billion in 2020 and is estimated to be US$ 81.78 billion by 2030 and is anticipated to register a CAGR of 2.50%.
Industrial lubricants are primarily defined as compounds such as greases, oils, as well as fluids used in the heavy machinery in order to reduce friction and reduce their wear and tear. Industrial lubricants are used to avoid metal to metal contact in the machines owing to its excellent properties such as corrosion resistance and ability to increase overall life of the machinery. In some extreme cases, industrial lubricants may also use to prevent electrical resistivity while it increases thermal conduction. Lubricants used in heavy machineries that reduce friction and minimize wear and tear are known as industrial lubricants. Industrial lubricants are used to avoid direct metal to metal contact in machineries. Apart from this, industrial lubricants exhibit properties such as corrosion resistance and are also instrumental in increasing overall life of the machinery.
Global Industrial Lubricants Market By Dynamics
Increasing consumption of advanced industrial lubricants
Increasing consumption of advanced industrial lubricants for various end-use applications such as metal working, textiles, energy, chemical manufacturing, as well as food processing is major factor driving growth of the global market. In addition, to this rapid industrialization across the globe, coupled with the increasing research and development activities of advanced lubricants are some among the major factors expected to propel growth of the global industrial market in the near future. In 2013, for instance, industrial output in BRICS nations was estimated at USD 4,046.71 billion in 2008, which grew to USD 5,598.81 billion by 2013.
High demand for advanced industrial lubricants
High demand for advanced industrial lubricants from various end-use industries coupled with increasing investments into R&D of advanced lubricants are major factors driving growth of the global market. Moreover, rapid industrialization in many emerging economies is also expected to boost demand for industrial lubricants which in-turn is expected to support market growth over the forecast period. However, stringent government and environmental regulations for use of specific lubricants is a major factor restraining growth of the global market.
Increasing industrial automation and robotics
Furthermore, rapidly increasing industrial automation and robotics, thereby growing demand for industrial lubricant are some among the other factors expected to boost demand for industrial lubricants products, thereby propelling growth of the global market in next 10 years. Increasing R&D investments, couple with the by key players operating in the target market, in order to gain competitive edge is expected to support growth of the global industrial lubricants market in near future.
Global Industrial Lubricants Market By Segmentation
The industrial lubricants market has been segmented on the basis of product type, application, and region.
The product type segment includes process oils, general industrial oils, metalworking fluids, industrial engine oils, and others. Further the industrial lubricants market is segmented by application, which includesmetal working, textiles, energy, chemical manufacturing, food processing, and others.
Regional Insights:
For detailed understanding of market dynamics, On the basis of region, the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market in Asia Pacific is expected to account for major revenue share as compared to that of other regions. This can be attributed to high consumption of industrial lubricants by various industries coupled with rapid industrialization in emerging economies in the region. Also, the market in North America is expected to account for second-highest revenue share in the global market, followed by the market in Europe.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Product Type- Process Oils, General Industrial Oils, Metalworking Fluids, Industrial Engine Oils, and Others By Application- Metal Working, Textiles, Energy, Chemical Manufacturing, Food Processing, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Detailed Segmentation:
Industrial Lubricants Market, By Product Type:
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- Process Oils
- General Industrial Oils
- Metalworking Fluids
- Industrial Engine Oils
- Others
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Industrial Lubricants Market, By Application:
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- Metal Working
- Textiles
- Energy
- Chemical Manufacturing
- Food Processing
- Others
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Industrial Lubricants Market, By Region:
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- North America
- North America Industrial Lubricants Market, By Product Type
- North America Industrial Lubricants Market, By Application
- North America Industrial Lubricants Market, By Country
- U.S.
- Canada
- Europe
- Europe Industrial Lubricants Market, By Product Type
- Europe Industrial Lubricants Market, By Application
- Europe Industrial Lubricants Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Switzerland
- Sweden
- Rest of Europe
- Asia-Pacific
- Asia-Pacific Industrial Lubricants Market, By Product Type
- Asia Pacific Industrial Lubricants Market, By Application
- Asia-Pacific Industrial Lubricants Market, By Country
- China
- India
- Australia and New Zealand
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Industrial Lubricants Market, By Product Type
- Latin America Industrial Lubricants Market, By Application
- Latin America Industrial Lubricants Market, By Country
- Brazil
- Mexico
- Argentina and Chile
- Rest of Latin America
- Middle East
- Middle East Industrial Lubricants Market, By Product Type
- Middle East Industrial Lubricants Market, By Application
- Middle East Industrial Lubricants Market, By Country
- GCC
- Israel
- Rest of Middle East
- Africa
- Africa Industrial Lubricants Market, By Product Type
- Africa Industrial Lubricants Market, By Application
- Africa Industrial Lubricants Market, By Country
- North Africa
- Central Africa
- South Africa
Global Industrial Lubricants Market By Key Players
Some of the prominent players operating in the industrial lubricants market include Royal Dutch Shell Plc., Exxonmobil Corporation, BP Plc., Chevron Corporation, Total S.A., Petrochina Company Limited, Sinopec Limited, Lukoil, and Fuchs Petrolub AG.
Technological advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global industrial lubricants market.
Global Industrial Lubricants Market By Company Profile
- Royal Dutch Shell Plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Exxonmobil Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- BP Plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Chevron Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Total S.A., Petrochina Company Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Sinopec Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Lukoil
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Fuchs Petrolub AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
Global Industrial Lubricants Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for industrial Lubricants Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Industrial Lubricants Market, By Product Type, 2020 – 2030, (US$ Mn)
- Overview Process Oils, General Industrial Oils, Metalworking Fluids, Industrial Engine Oils, and Others
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Process Oils
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- General Industrial Oils
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Metalworking Fluids
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Industrial Engine Oils
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview Process Oils, General Industrial Oils, Metalworking Fluids, Industrial Engine Oils, and Others
- Global Industrial Lubricants Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Metal Working
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Textiles
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Energy
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Chemical Manufacturing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Food Processing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Industrial Lubricants Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Royal Dutch Shell Plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Exxonmobil Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- BP Plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Chevron Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Total S.A., Petrochina Company Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Sinopec Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Lukoil
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
- Fuchs Petrolub AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
The Last Word
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- Future Impact
- About Us
- Contact
FAQs
The Global Industrial Lubricants Market has been segmented on the basis of product type, application and region.
Increasing consumption of advanced industrial lubricants for various end-use applications such as metal working, textiles, energy, chemical manufacturing, as well as food processing is major factor driving growth of the global market.
Asia-Pacific is expected to account major market share as compared to that of other regions.
Some of the prominent players operating in the global industrial lubricants market include Royal Dutch Shell Plc., Exxonmobil Corporation, BP Plc., Chevron Corporation, Total S.A., Petrochina Company Limited, Sinopec Limited, Lukoil, and Fuchs Petrolub AG.