Product Code: ARZ220710
The global industrial lubricants market is valued at CAGR of 3.63% during 2022 to 2027.
Industrial lubricants are manufactured to protect machines and equipment from wear and tear, reduce downtime, prolong service intervals, and lower maintenance costs. Industrial lubricants are classified into different types and made from base oils and additives.
OPPORTUNITIES & TRENDS
Rising trend of bio-based industrial lubricants
The different governments worldwide are creating awareness about the impact of greenhouse gas emissions on the environment. In addition, the government is working closely with environmental agencies and NGOs to lay down stringent emission regulations to reduce the impact of harmful gases on the environment and human health. These regulations create an opportunity for manufacturers to develop eco-friendly industrial lubricants that will fall under all the emission regulations. Bio-based industrial lubricants are manufactured for vegetable oil and synthetic esters. North America and Europe are the largest bio-based lubricant-consuming regions.
DRIVERS
Rapid Industrialization in BRICS nation.
The BRICS nation comprises Brazil, Russia, India, China, and South Africa. These countries are of the major emerging economies in the world. The BRICS aims to promote peace, security, development, and cooperation. These countries are also highly growing due to significant markets in terms of demand and consumption. Further, the demand for industrial lubricants is expected to rise in the coming years due to the number of drivers, such as large and relatively young populations, massive investments in physical and digital infrastructure, low-cost labor, and increased income. These countries are highly growing due to significant markets in terms of demand and consumption. Further, demand for industrial lubricants is expected to rise in the coming years due to the number of drivers, such as large and relatively young populations, massive investments in physical and digital infrastructure, low-cost labor, and increased income.
Restraints
Used industrial lubricants are considered a serious pollution problem due to illegal dumping or improper disposal, resulting in groundwater, surface water, and soil contamination. These used lubricants cannot be directly combusted without pre-treatment. They are subjected to environmental restrictions since they may contain toxic and hazardous residues such as metal and metalloid particles. These chlorinated compounds may be released into the atmosphere. Used lubricant should be instead recycled instead of treated as waste. The value of lubricants largely depends on quality which is determined in terms of the amount of contamination by water, solid, or other fluids.
Industrial lubricants can be retreated by various processes such as reprocessing, re-refining, and destruction.
SEGMENT REVIEW
The oil used for lubrication in industrial machinery and equipment is called industrial oil. Industrial oils include hydraulic fluid, compressor oil, refrigeration oil, cylinder oil, spindle oil, and transformer oil. Industrial oils are used to improve the performance of industrial machinery and equipment and protect them against damage during operations.
Industrial lubricants are used in manufacturing, power generation, metal & mining, and construction industries. High growth in the metal & mining, and power generation industry is one of the main drivers in the industrial lubricants market. As in the power generation industry, industrial lubricants are widely used in power generation plants such as coal power plants, gas turbine power plants, hydroelectric power plants, natural gas engines, nuclear energy power plants, and wind energy plants.
Market Segmentation by Product Type
- Industrial Oil
- Metalworking Fluid
- Process Oil
- Grease
Market Segmentation by End-Use
- Manufacturing
- Power Generation
- Metal & Mining
- Construction
- Others
Market Segmentation by Geography
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- APAC
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of the Middle East & Africa
COMPANY & STRATEGIES
The competitive scenario in the global industrial lubricants market is currently intensifying. In the industrial lubricant market, the initial capital investment is very high in setting up a manufacturing plant and developing a supply chain network. In addition, there are many well-established players in the industrial lubricants market, and producing industrial lubricants from crude oil and other additives is a very complex process.
The industrial lubricants market consists of major global multinational players such as Shell plc (UK), ExxonMobil Corporation (US), Chevron Corporation (US), Castrol (UK), and Total Energies (France) in the industrial lubricants market. The major players focus on innovation, product diversification & entering new markets.
The industrial lubricants market is provided for the forecast years 2022 to 2027 and the base year of 2021. The market is segmented as per Type, End-user, and Geography for the years considered. The report provides a holistic approach to the Industrial Lubricants industry to enable customers to analyze the market efficiently.
Key Vendors:
- Castrol Limited
- Chevron Corporation
- ExxonMobil
- Shell plc
- Total Energies
Other Prominent Vendors
- Clariant
- Eneos Corporation
- ENI
- Fuchs
- Gazpromneft - Lubricants Ltd
- Gulf Oil Lubricants India Ltd
- Hindustan Petroleum Corporation Limited
- Idemitsu Kosan Co. Ltd
- Indian Oil Corporation limited
- Kluber Lubrication
- Lukeoil
- Motul
- Morris lubricants
- Petronas Lubricants International
- Petro Canada Lubricants
- Philips 666
- Repsol
- Rosneft lubricants
- Sinopec Corporation
- Valvoline
KEY QUESTIONS ANSWERED:
- 1. WHAT IS THE MARKET SIZE OF THE INDUSTRIAL LUBRICANTS MARKET?
- 2. WHAT IS THE GROWTH RATE OF THE INDUSTRIAL LUBRICANTS MARKET?
- 3. WHO ARE THE KEY PLAYERS IN THE INDUSTRIAL LUBRICANTS MARKET?
- 4. WHAT ARE THE MAJOR FACTORS DRIVING THE INDUSTRIAL LUBRICANTS MARKET GROWTH?
TABLE OF CONTENTS
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
- 4.1 MARKET DEFINITION
- 4.1.1 INCLUSIONS
- 4.1.2 EXCLUSIONS
- 4.1.3 MARKET ESTIMATION CAVEATS
- 4.2 BASE YEAR
- 4.3 SCOPE OF THE STUDY
- 4.3.1 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
- 5.1 KEY CAVEATS
- 5.2 CURRENCY CONVERSION
- 5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 INTRODUCTION
- 7.1 OVERVIEW
- 7.2 VALUE CHAIN ANALYSIS
- 7.2.1 RAW MATERIAL SUPPLIERS
- 7.2.2 MANUFACTURERS
- 7.2.3 DISTRIBUTORS
- 7.2.4 END-USERS
- 7.3 MACRO FACTORS
8 PREMIUM INSIGHTS
- 8.1 INDUSTRIAL LUBRICANTS MARKET - GLOBAL FORCAST (2022-2027)
- 8.2 MARKET SYNOPSIS
- 8.2.1 OPPORTUNITIES & TRENDS
- 8.2.2 DRIVERS
- 8.2.3 RESTRAINTS
- 8.3 SEGMENT REVIEW
- 8.3.1 COMPANY & STRATEGIES
9 MARKET OPPORTUNITIES & TRENDS
- 9.1 TREND OF BIO-BASED INDUSTRIAL LUBRICANTS
- 9.2 INCREASED USE OF RENEWABLE ENERGY
- 9.3 AUTOMATION OF INDUSTRIAL PROCESSES
10 MARKET GROWTH ENABLERS
- 10.1 INCREASED USE OF HIGH-PERFORMANCE LUBRICANTS
- 10.2 INDUSTRIALIZATION IN BRICS NATIONS
11 MARKET RESTRAINTS
- 11.1 FLUCTUATIONS IN CRUDE OIL PRICES
- 11.2 ENVIRONMENTAL CONCERNS REGARDING USE & DISPOSAL OF INDUSTRIAL LUBRICANTS
12 MARKET LANDSCAPE
- 12.1 MARKET OVERVIEW
- 12.2 MARKET SIZE & FORECAST
- 12.3 FIVE FORCES ANALYSIS
- 12.3.1 THREAT OF NEW ENTRANTS
- 12.3.2 BARGAINING POWER OF SUPPLIERS
- 12.3.3 BARGAINING POWER OF BUYERS
- 12.3.4 THREAT OF SUBSTITUTES
- 12.3.5 COMPETITIVE RIVALRY
13 PRODUCT TYPE
- 13.1 MARKET SNAPSHOT & GROWTH ENGINE
- 13.2 MARKET OVERVIEW
- 13.3 INDUSTRIAL OIL
- 13.3.1 MARKET OVERVIEW
- 13.3.2 MARKET SIZE & FORECAST
- 13.3.3 GEOGRAPHY (VALUE & VOLUME)
- 13.4 PROCESS OIL
- 13.4.1 MARKET OVERVIEW
- 13.4.2 MARKET SIZE & FORECAST
- 13.4.3 GEOGRAPHY (VALUE & VOLUME)
- 13.5 METALWORKING FLUID
- 13.5.1 MARKET OVERVIEW
- 13.5.2 MARKET SIZE & FORECAST
- 13.5.3 GEOGRAPHY (VALUE & VOLUME)
- 13.6 GREASE
- 13.6.1 MARKET OVERVIEW
- 13.6.2 MARKET SIZE & FORECAST
- 13.6.3 GEOGRAPHY (VALUE & VOLUME)
14 END-USE
- 14.1 MARKET SNAPSHOT & GROWTH ENGINE
- 14.2 MARKET OVERVIEW
- 14.3 MANUFACTURING
- 14.3.1 MARKET OVERVIEW
- 14.3.2 MARKET SIZE & FORECAST
- 14.3.3 GEOGRAPHY (VALUE & VOLUME)
- 14.4 POWER GENERATION
- 14.4.1 MARKET OVERVIEW
- 14.4.2 MARKET SIZE & FORECAST
- 14.4.3 GEOGRAPHY (VALUE & VOLUME)
- 14.5 METAL & MINING
- 14.5.1 MARKET OVERVIEW
- 14.5.2 MARKET SIZE & FORECAST
- 14.5.3 GEOGRAPHY (VALUE & VOLUME)
- 14.6 CONSTRUCTION
- 14.6.1 MARKET OVERVIEW
- 14.6.2 MARKET SIZE & FORECAST
- 14.6.3 GEOGRAPHY (VALUE & VOLUME)
- 14.7 OTHERS
- 14.7.1 MARKET OVERVIEW
- 14.7.2 MARKET SIZE & FORECAST
- 14.7.3 GEOGRAPHY
15 GEOGRAPHY
- 15.1 MARKET SNAPSHOT & GROWTH ENGINE
- 15.2 GEOGRAPHIC OVERVIEW
16 NORTH AMERICA
- 16.1 MARKET OVERVIEW
- 16.2 MARKET SIZE & FORECAST
- 16.3 PRODUCT TYPE
- 16.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
- 16.4 END-USE
- 16.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
- 16.5 KEY COUNTRIES
- 16.6 US
- 16.6.1 US: MARKET SIZE & FORECAST
- 16.7 CANADA
- 16.7.1 CANADA: MARKET SIZE & FORECAST
17 LATIN AMERICA
- 17.1 MARKET OVERVIEW
- 17.2 MARKET SIZE & FORECAST
- 17.3 PRODUCT TYPE
- 17.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
- 17.4 END-USE
- 17.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
- 17.5 KEY COUNTRIES
- 17.6 BRAZIL
- 17.6.1 BRAZIL: MARKET SIZE & FORECAST
- 17.7 MEXICO
- 17.7.1 MEXICO: MARKET SIZE & FORECAST
- 17.8 REST OF LATIN AMERICA
- 17.8.1 REST OF LATIN AMERICA: MARKET SIZE & FORECAST
18 MIDDLE EAST & AFRICA
- 18.1 MARKET OVERVIEW
- 18.2 MARKET SIZE & FORECAST
- 18.3 PRODUCT TYPE
- 18.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
- 18.4 END-USE
- 18.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
- 18.5 KEY COUNTRIES
- 18.6 SAUDI ARABIA
- 18.6.1 SAUDI ARABIA: MARKET SIZE & FORECAST
- 18.7 SOUTH AFRICA
- 18.7.1 SOUTH AFRICA: MARKET SIZE & FORECAST
- 18.8 UAE
- 18.8.1 UAE: MARKET SIZE & FORECAST
- 18.9 REST OF MIDDLE EAST & AFRICA
- 18.9.1 REST OF MIDDLE EAST & AFRICA: MARKET SIZE & FORECAST
19 APAC
- 19.1 MARKET OVERVIEW
- 19.2 MARKET SIZE & FORECAST
- 19.3 PRODUCT TYPE
- 19.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
- 19.4 END-USE
- 19.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
- 19.5 KEY COUNTRIES
- 19.7 CHINA
- 19.7.1 CHINA: MARKET SIZE & FORECAST
- 19.8 INDIA
- 19.8.1 INDIA: MARKET SIZE & FORECAST
- 19.9 JAPAN
- 19.9.1 JAPAN: MARKET SIZE & FORECAST
- 19.10 AUSTRALIA
- 19.10.1 AUSTRALIA: MARKET SIZE & FORECAST
- 19.11 SOUTH KOREA
- 19.11.1 SOUTH KOREA: MARKET SIZE & FORECAST
- 19.12 REST OF APAC
- 19.12.1 REST OF APAC: MARKET SIZE & FORECAST
20 EUROPE
- 20.1 MARKET OVERVIEW
- 20.2 MARKET SIZE & FORECAST
- 20.3 PRODUCT TYPE
- 20.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
- 20.4 END-USE
- 20.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
- 20.5 KEY COUNTRIES
- 20.7 GERMANY
- 20.7.1 GERMANY: MARKET SIZE & FORECAST
- 20.8 UK
- 20.8.1 UK: MARKET SIZE & FORECAST
- 20.9 FRANCE
- 20.9.1 FRANCE: MARKET SIZE & FORECAST
- 20.10 ITALY
- 20.10.1 ITALY: MARKET SIZE & FORECAST
- 20.11 SPAIN
- 20.11.1 SPAIN: MARKET SIZE & FORECAST
- 20.12 RUSSIA
- 20.12.1 RUSSIA: MARKET SIZE & FORECAST
- 20.13 REST OF EUROPE
- 20.13.1 REST OF EUROPE: MARKET SIZE & FORECAST
21 COMPETITIVE LANDSCAPE
- 21.1 COMPETITION OVERVIEW
22 KEY COMPANY PROFILES
- 22.1 CASTROL LIMITED
- 22.1.1 BUSINESS OVERVIEW
- 22.1.2 CASTROL LIMITED IN GLOBAL INDUSTRIAL LUBRICANTS MARKET
- 22.1.3 PRODUCT OFFERINGS
- 22.1.4 KEY STRATEGIES
- 22.1.5 KEY STRENGTHS
- 22.1.6 KEY OPPORTUNITIES
- 22.2 CHEVRON CORPORATION
- 22.2.1 BUSINESS OVERVIEW
- 22.2.2 CHEVRON CORPORATION IN GLOBAL INDUSTRIAL LUBRICANTS MARKET
- 22.2.3 PRODUCT OFFERINGS
- 22.2.4 KEY STRATEGIES
- 22.2.5 KEY STRENGTHS
- 22.2.6 KEY OPPORTUNITIES
- 22.3 EXXON MOBIL CORPORATION
- 22.3.1 BUSINESS OVERVIEW
- 22.3.2 EXXON MOBIL CORPORATION IN GLOBAL INDUSTRIAL LUBRICANTS MARKET
- 22.3.3 PRODUCT OFFERINGS
- 22.3.4 KEY STRATEGIES
- 22.3.5 KEY STRENGTHS
- 22.3.6 KEY OPPORTUNITIES
- 22.4 SHELL PLC
- 22.4.1 BUSINESS OVERVIEW
- 22.4.2 SHELL PLC IN GLOBAL INDUSTRIAL LUBRICANTS MARKET
- 22.4.3 PRODUCT OFFERINGS
- 22.4.4 KEY STRATEGIES
- 22.4.5 KEY STRENGTHS
- 22.4.6 KEY OPPORTUNITIES
- 22.5 TOTALENERGIES SE
- 22.5.1 BUSINESS OVERVIEW
- 22.5.2 TOTALENERGIES SE IN GLOBAL INDUSTRIAL LUBRICANTS MARKET
- 22.5.3 PRODUCT OFFERINGS
- 22.5.4 KEY STRATEGIES
- 22.5.5 KEY STRENGTHS
- 22.5.6 KEY OPPORTUNITIES
23 OTHER PROMINENT VENDORS
- 23.1 CLARIANT
- 23.1.1 BUSINESS OVERVIEW
- 23.1.2 PRODUCT OFFERINGS
- 23.2 ENEOS CORPORATION
- 23.2.1 BUSINESS OFFERINGS
- 23.2.2 PRODUCT OFFERINGS
- 23.3 ENI
- 23.3.1 BUSINESS OVERVIEW
- 23.3.2 PRODUCT OFFERINGS
- 23.4 FUCHS
- 23.4.1 BUSINESS OVERVIEW
- 23.4.2 PRODUCT OFFERINGS
- 23.5 GAZPROMNEFT - LUBRICANTS LTD.
- 23.5.1 BUSINESS OVERVIEW
- 23.5.2 PRODUCT OFFERINGS
- 23.6 GULF OIL INDIA LUBRICANTS LTD.
- 23.6.1 BUSINESS OVERVIEW
- 23.6.2 PRODUCT OFFERINGS
- 23.7 HINDUSTAN PETROLEUM CORPORATION LIMITED
- 23.7.1 BUSINESS OVERVIEW
- 23.7.2 PRODUCT OFFERINGS
- 23.8 IDEMITSU KOSAN CO., LTD.
- 23.8.1 BUSINESS OVERVIEW
- 23.8.2 PRODUCT OFFERINGS
- 23.9 INDIAN OIL CORPORATION LIMITED
- 23.9.1 BUSINESS OVERVIEW
- 23.9.2 PRODUCT OFFERINGS
- 23.10 KLUBER LUBRICATION
- 23.10.1 BUSINESS OVERVIEW
- 23.10.2 PRODUCT OFFERINGS
- 23.11 LUKOIL
- 23.11.1 BUSINESS OVERVIEW
- 23.11.2 PRODUCT OFFERINGS
- 23.12 MOTUL
- 23.12.1 BUSINESS OVERVIEW
- 23.12.2 PRODUCT OFFERINGS
- 23.13 MORRIS LUBRICANTS
- 23.13.1 BUSINESS OVERVIEW
- 23.13.2 PRODUCT OFFERINGS
- 23.14 PETRONAS LUBRICANTS INTERNATIONAL
- 23.14.1 BUSINESS OVERVIEW
- 23.14.2 PRODUCT OFFERINGS
- 23.15 PETRO-CANADA LUBRICANTS INC.
- 23.15.1 BUSINESS OVERVIEW
- 23.15.2 PRODUCT OFFERINGS
- 23.16 PHILLIPS 66 COMPANY
- 23.16.1 BUSINESS OVERVIEW
- 23.16.2 PRODUCT OFFERINGS
- 23.17 REPSOL
- 23.17.1 BUSINESS OVERVIEW
- 23.17.2 PRODUCT OFFERINGS
- 23.18 ROSNEFT LUBRICANTS
- 23.18.1 BUSINESS OVERVIEW
- 23.18.2 PRODUCT OFFERINGS
- 23.19 SINOPEC
- 23.19.1 BUSINESS OVERVIEW
- 23.19.2 PRODUCT OFFERINGS
- 23.20 VALVOLINE INC.
- 23.20.1 BUSINESS OVERVIEW
- 23.20.2 PRODUCT OFFERINGS
24 REPORT SUMMARY
- 24.1 KEY TAKEAWAYS
- 24.2 STRATEGIC RECOMMENDATIONS
25 QUANTITATIVE SUMMARY
- 25.1 PRODUCT TYPE
- 25.1.1 INDUSTRIAL OIL (VALUE)
- 25.1.2 INDUSTRIAL OIL (VOLUME)
- 25.1.3 METALWORKING FLUID (VALUE)
- 25.1.4 METALWORKING FLUID (VOLUME)
- 25.1.5 PROCESS OIL (VALUE)
- 25.1.6 PROCESS OIL (VOLUME)
- 25.1.7 GREASE (VALUE)
- 25.1.8 GREASE (VOLUME)
- 25.2 END-USE
- 25.2.1 MANUFACTURING (VALUE)
- 25.2.2 MANUFACTURING (VOLUME)
- 25.2.3 POWER GENERATION (VALUE)
- 25.2.4 POWER GENERATION (VOLUME)
- 25.2.5 METAL & MINING (VALUE)
- 25.2.6 METAL & MINING (VOLUME)
- 25.2.7 CONSTRUCTION (VALUE)
- 25.2.8 CONSTRUCTION (VOLUME)
- 25.2.9 OTHERS (VALUE)
- 25.2.10 OTHERS (VOLUME)
26 APPENDIX