Industrial Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Hydraulic Fluid, Metalworking Fluid, Grease), End-use Industry (Construction, Power Generation, Food Processing), Region - Global Forecast to 2029
Report Code: CH 5096 May, 2024, by marketsandmarkets.com
In terms of value, the industrial lubricants market is estimated to grow from USD 63.9 billion in 2024 to USD 74.3 billion by 2029, at a CAGR of 3.1%. One of the major reasons for making a positive outlook for the industrial lubricants market is the mounting demand for processed food, rising demand from construction, mining, agriculture, and marine industries and growing automating in end-use industries. Also, technological advancements in the industries lubricants are pushing the market. Due to these reasons, the consumption of industrial lubricants has grown significantly.
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Market Dynamics
Driver: mounting demand from construction, mining, agriculture, and marine industries across worldwide
The booming mining, construction, marine, and agriculture sectors are propelling growth in the industrial lubricants market through increased equipment utilization and a focus on performance and efficiency. These industries heavily rely on machinery such as heavy-duty trucks, excavators, bulldozers, tractors, trading ships, and harvesters, necessitating high-quality lubricants to ensure smooth operation and longevity. With modern machinery designed for optimal performance under harsh conditions, there is a growing demand for specialty lubricants capable of meeting these stringent requirements. Moreover, the geographic expansion of construction and mining activities, particularly in regions like Asia Pacific and the Middle East, further drives the demand for industrial lubricants as more machinery is put to use. This industrial growth driving the industrial lubricants market.
Restraints : Strict environmental norms
Strict environmental regulations present a significant restraint for the industrial lubricants market. To comply with these regulations, manufacturers must develop products that are eco-friendly, emit fewer pollutants, and degrade naturally. Additionally, the industry faces pressure to transition towards renewable energy sources and bio-based lubricants to align with sustainability goals. This shift poses restraint but also opens up opportunities for growth. Moreover, the rise of cleaner automation technologies threatens the demand for traditional industrial lubricants, potentially impacting market dynamics. Overall, navigating environmental regulations requires innovation and adaptation, presenting both restraint and opportunities for the industrial lubricants industry.
Opportunities: Growing demand for renewable energy
The growing demand for renewable energy presents a significant opportunity for industrial lubricants. Renewable energy sources like wind and solar power require specialized machinery and equipment for generation and distribution, all of which depend on efficient lubrication for smooth operation. As these sectors expand to meet increasing energy demands and environmental goals, the demand for industrial lubricants tailored to the unique needs of renewable energy applications is expected to rise. This creates a promising market for lubricant manufacturers to develop innovative products that can enhance the performance and longevity of renewable energy infrastructure, further supporting the transition towards a more sustainable future.
Challenges: fluctuating prices of raw materials
Crude oil is the key raw material for base oils of industrial lubricants. Thus, the industrial lubricants market faces a significant challenge due to the fluctuating prices of crude oil, a primary raw material in lubricant production. These price fluctuations directly influence manufacturing expenses, impacting profit margins for producers. Sharp increases can lead to higher production costs, potentially passed on to consumers, while sudden drops disrupt supply chains and investment in alternative formulations. This volatility complicates pricing strategies and budget planning, necessitating effective risk management measures to ease the impact on the industry.
Industrial Lubricants Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of industrial lubricants. These companies have been in business for a while and have a broad range of products, cutting-edge technologies, and robust international sales and marketing networks. Prominent companies in this market include Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), TotalEnergies SE (France), PetroChina Company Limited (China), ENEOS Holdings, Inc. (Japan), China Petroleum & Chemical Corporation (China), and among others.
Based on base oil type, synthetic oil is projected to register highest CAGR in industrial lubricants market, in terms of value, during forecast period.
Synthetic oil is projected to be the fastest growing base oil type, in terms of value of the industrial lubricants market, due to shifting consumer preferences towards eco-friendly and sustainable products, and rising population. With a growing awareness of the health and environmental benefits of synthetic oil based lubricants, consumers are increasingly seeking products free from synthetic chemicals. This demand is further bolstered by stringent government regulations aimed at promoting safety and transparency regarding synthetic oil based lubricants. Consequently, manufacturers are adapting to these changing dynamics by investing in research and development of natural alternatives, driving innovation and expansion in the synthetic oil based lubricants market.
Based on product type, hydraulic fluid was the largest segment of lubricants market, in terms of value, in 2023.
Hydraulic fluid holds the position as the largest product type in the industrial lubricants market due to its widespread usage across diverse industries. It serves a vital role in hydraulic systems found in industrial sectors. Hydraulic oil facilitates efficient power transmission, lubricates moving parts, and ensures the smooth operation of hydraulic machinery. The increasing adoption of hydraulic equipment in heavy machinery and vehicles significantly drives the demand for hydraulic fluid. Moreover, as hydraulic technology advances, the need for high-performance hydraulic oils continues to grow to maintain optimal performance and extend equipment lifespan. Thus, the versatility and essential function of hydraulic fluid contribute to its prominence in the industrial lubricants market.
Asia Pacific was the largest and projected to be the fastest-growing region, in terms of value, during the forecast period in the lubricants market.
Asia Pacific was the largest and projected to be fastest-growing region in the industrial lubricants market, in terms of value, during forecast period due to several factors. Increased industrialization and urbanization, particularly in countries like China and India, are impelling demand across end-use industries such as automotive manufacturing, agriculture and construction. Moreover, ongoing investments in automotive manufacturing and infrastructure are expected to fuel significant growth in industrial lubricant consumption in the region. In summary, the Asia Pacific's dynamic economic growth and industrial expansion position it as a key driver of growth in the industrial lubricants market.
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Key Market Players
Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), TotalEnergies SE (France), PetroChina Company Limited (China), ENEOS Holdings, Inc. (Japan), China Petroleum & Chemical Corporation (China), Idemitsu Kosan Co., Ltd. (Japan), and among others, these are the key manufacturers that secured major market share in the last few years.
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|
Report Metric |
Details |
|
Years considered for the study |
2018–2029 |
|
Base year considered |
2023 |
|
Forecast period |
2024–2029 |
|
Units considered |
Volume (Kiloton) and Value (USD Million) |
|
Segments Covered |
Base Oil Type, Product Type, End-use Industry, and Region |
|
Regions covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
|
Companies profiled |
The key players profiled in the report include Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), TotalEnergies SE (France), PetroChina Company Limited (China), ENEOS Holdings, Inc. (Japan), China Petroleum & Chemical Corporation (China), and others. |
This report categorizes the global Industrial Lubricants Market based on ingredient type, application, and region.
On the basis of base oil type, the Industrial Lubricants Market has been segmented as follows:
- Mineral Oil
-
Synthetic Oil
- PAO
- PAG
- Esters
- Group III (Hydrocracking)
- Bio-based Oil
On the basis of product type, the Industrial Lubricants Market has been segmented as follows:
- Hydraulic Oil
- Compressor Oil
- Metalworking Fluid
- Gear Oil
- Turbine Oil
- Grease
- Other Product Types
On the basis of End-use Industry, the Industrial Lubricants Market has been segmented as follows:
- Construction
- Metal & Mining Production
- Cement Production
- Power Generation
- Automotive (Vehicle Manufacturing)
- Chemical
- Oil & Gas
- Textile
- Food Processing
- Others
On the basis of region, the Industrial Lubricants Market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Arica
- South America
Recent Developments
- In January 2024, Shell plc has completed the acquisition of MIDEL and MIVOLT, from Manchester-based M&I Materials Ltd.
- In January 2021, BP p.l.c. had set up a digital hub in Pune, India. This expansion helped them grow their digital expertise and meet the changing demands by providing sustainable solutions.
- In February 2022, Chevron Corporation made an announcement that it has signed an agreement with Bunge North America, Inc. to create renewable feedstocks.
Frequently Asked Questions (FAQ):
Which are the major players in the industrial lubricants market?
The key players profiled in the report include Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), TotalEnergies SE (France), PetroChina Company Limited (China), ENEOS Holdings, Inc. (Japan), China Petroleum & Chemical Corporation (China), Idemitsu Kosan Co., Ltd. (Japan), and among others.
What are the drivers and opportunities for the industrial lubricants market?
The mounting demand for renewable energy and growing demand for bio-based lubricants across worldwide are the major driver for this market.
What are the various strategies key players are focusing within industrial lubricants market?
New product launches, expansion and partnerships are some of the strategies adopted by key players to expand their global presence.
What is the CAGR of the industrial lubricants Market?
The market is projected to grow at a CAGR of 3.1% in terms of value, during the forecast period.
What are the major factors restraining industrial lubricants market growth during the forecast period?
Strict environmental norms, and global shift towards synthetic lubricants is expected to restrict the market demand. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 47)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INDUSTRIAL LUBRICANTS MARKET: INCLUSIONS & EXCLUSIONS
1.2.2 INDUSTRIAL LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY BASE OIL
1.2.3 INDUSTRIAL LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY PRODUCT TYPE
1.2.4 INDUSTRIAL LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY END-USE INDUSTRY
1.3 MARKET SCOPE
FIGURE 1 INDUSTRIAL LUBRICANTS: MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.4 YEARS CONSIDERED
1.5 CURRENCY
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.8.1 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY (Page No. - 54)
2.1 RESEARCH DATA
FIGURE 2 INDUSTRIAL LUBRICANTS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews - demand and supply sides
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) - COLLECTIVE SHARE OF MAJOR PLAYERS
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE) - COLLECTIVE REVENUE OF ALL PRODUCTS (BOTTOM UP)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) -PRODUCTS SOLD (BOTTOM UP)
2.2.2 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 - TOP DOWN
2.3 DATA TRIANGULATION
FIGURE 7 INDUSTRIAL LUBRICANTS MARKET: DATA TRIANGULATION
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS
2.4.1 SUPPLY SIDE
FIGURE 8 MARKET GROWTH PROJECTION FROM SUPPLY SIDE
2.4.2 DEMAND SIDE
FIGURE 9 MARKET GROWTH PROJECTION FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
2.5 IMPACT OF RECESSION
2.6 LIMITATIONS
2.7 RISK ASSESSMENT
TABLE 1 INDUSTRIAL LUBRICANTS MARKET: RISK ASSESSMENT
3 EXECUTIVE SUMMARY (Page No. - 64)
FIGURE 10 MINERAL OIL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 11 HYDRAULIC FLUID LED OVERALL INDUSTRIAL LUBRICANTS MARKET IN 2023
FIGURE 12 CONSTRUCTION TO BE LEADING END USER OF INDUSTRIAL LUBRICANTS DURING FORECAST PERIOD
FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
4 PREMIUM INSIGHTS (Page No. - 67)
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL LUBRICANTS MARKET
FIGURE 14 INDUSTRIAL LUBRICANTS MARKET TO WITNESS STEADY GROWTH DURING FORECAST PERIOD
4.2 ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL AND COUNTRY
FIGURE 15 CHINA LED ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET IN 2023
4.3 INDUSTRIAL LUBRICANTS MARKET, BY REGION
FIGURE 16 ASIA PACIFIC TO BE LARGEST MARKET FOR INDUSTRIAL LUBRICANTS DURING FORECAST PERIOD
4.4 INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE V/S REGION
FIGURE 17 HYDRAULIC FLUID ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
4.5 INDUSTRIAL LUBRICANTS MARKET ATTRACTIVENESS
FIGURE 18 CHINA PROJECTED TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 70)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL LUBRICANTS MARKET
5.2.1 DRIVERS
5.2.1.1 Strong industrial growth in Asia Pacific and Middle East & Africa
TABLE 2 INDUSTRIAL GROWTH RATE IN ASIA PACIFIC, 2023
5.2.1.2 Rise in automation in various end-use industries
5.2.1.3 Growing demand for processed food
5.2.1.4 Growing demand from mining, construction, agriculture, and marine industries
5.2.2 RESTRAINTS
5.2.2.1 Shift toward synthetic lubricants
5.2.2.2 High cost of synthetic and bio-based lubricants
5.2.2.3 Reduction in use of metal parts by automakers
5.2.2.4 Stringent environmental regulations
5.2.3 OPPORTUNITIES
5.2.3.1 Growing demand for renewable energy
5.2.3.2 Increasing demand for bio-based lubricants
5.2.4 CHALLENGES
5.2.4.1 Volatile raw material prices
TABLE 3 CRUDE OIL PRICE TREND (2019−2023)
5.3 PORTER'S FIVE FORCES ANALYSIS
FIGURE 20 INDUSTRIAL LUBRICANTS MARKET: PORTER'S FIVE FORCES ANALYSIS
5.3.1 THREAT OF SUBSTITUTES
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
TABLE 4 INDUSTRIAL LUBRICANTS MARKET: PORTER'S FIVE FORCES ANALYSIS
5.4 MACROECONOMIC INDICATORS
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
TABLE 5 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES, 2021–2029 (USD BILLION)
6 INDUSTRY TRENDS (Page No. - 78)
6.1 KEY STAKEHOLDERS AND BUYING CRITERIA
6.1.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 21 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%)
6.1.2 BUYING CRITERIA
FIGURE 22 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
TABLE 7 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
6.2 SUPPLY CHAIN ANALYSIS
FIGURE 23 INDUSTRIAL LUBRICANTS MARKET: SUPPLY CHAIN ANALYSIS
6.2.1 RAW MATERIALS SUPPLIER
6.2.2 MANUFACTURER
6.2.3 DISTRIBUTION NETWORK
6.2.4 END-USE INDUSTRIES
6.3 ECOSYSTEM ANALYSIS
FIGURE 24 INDUSTRIAL LUBRICANTS MARKET: ECOSYSTEM ANALYSIS
TABLE 8 INDUSTRIAL LUBRICANTS MARKET: ROLE IN ECOSYSTEM
6.4 CASE STUDY ANALYSIS
6.4.1 A CASE STUDY ON COMPRESSOR OIL
6.4.2 A CASE STUDY ON SYNTHETIC LUBRICANT
6.4.3 A CASE STUDY ON HYDRAULIC FLUIDS
6.4.4 A CASE STUDY ON COMPRESSOR OIL
6.5 REGULATORY LANDSCAPE
TABLE 9 NORTH AMERICA: REGULATIONS FOR INDUSTRIAL LUBRICANTS
TABLE 10 EUROPE: REGULATIONS FOR INDUSTRIAL LUBRICANTS
TABLE 11 ASIA PACIFIC: REGULATIONS FOR INDUSTRIAL LUBRICANTS
TABLE 12 MIDDLE EAST & AFRICA: REGULATIONS FOR INDUSTRIAL LUBRICANTS
TABLE 13 SOUTH AMERICA: REGULATIONS FOR INDUSTRIAL LUBRICANTS
6.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.6 TECHNOLOGY ANALYSIS
6.6.1 KEY TECHNOLOGIES
6.6.1.1 Re-refining technology
6.6.1.2 SO2 scrubbing system technology
6.6.2 COMPLEMENTARY TECHNOLOGIES
6.6.2.1 Nanotechnology in lubricants
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
6.7.1 REVENUE SHIFT & REVENUE POCKETS IN INDUSTRIAL LUBRICANTS MARKET
FIGURE 25 INDUSTRIAL LUBRICANTS MARKET: FUTURE REVENUE MIX
6.8 TRADE DATA STATISTICS
6.8.1 IMPORT DATA
FIGURE 26 INDUSTRIAL LUBRICANTS IMPORT, BY KEY COUNTRIES (2018–2022)
TABLE 14 IMPORT OF INDUSTRIAL LUBRICANTS, BY REGION, 2018–2022 (USD BILLION)
6.8.2 EXPORT DATA
FIGURE 27 INDUSTRIAL LUBRICANTS EXPORT, BY KEY COUNTRIES (2018–2022)
TABLE 15 EXPORT OF INDUSTRIAL LUBRICANTS, BY REGION, 2018–2022 (USD BILLION)
6.9 KEY CONFERENCES & EVENTS
TABLE 16 INDUSTRIAL LUBRICANTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025
6.10 PRICING ANALYSIS
6.10.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BASE OIL
FIGURE 28 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BASE OIL
TABLE 17 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BASE OIL (USD/KG)
6.10.2 AVERAGE SELLING PRICE TREND, BY REGION
FIGURE 29 AVERAGE SELLING PRICE TREND OF INDUSTRIAL LUBRICANTS, BY REGION
TABLE 18 AVERAGE SELLING PRICE TREND OF INDUSTRIAL LUBRICANTS, BY REGION, 2022–2029 (USD/KG)
6.11 INVESTMENT AND FUNDING SCENARIO
6.12 PATENT ANALYSIS
6.12.1 APPROACH
6.12.2 DOCUMENT TYPE
TABLE 19 PATENT STATUS: PATENT APPLICATIONS, LIMITED PATENTS, AND GRANTED PATENTS
FIGURE 30 PATENTS REGISTERED, 2012–2023
FIGURE 31 MAJOR PATENT APPLICANTS FOR INDUSTRIAL LUBRICANTS
TABLE 20 LIST OF MAJOR PATENTS FOR INDUSTRIAL LUBRICANTS
6.12.3 TOP APPLICANTS
TABLE 21 PATENTS BY BASF SE
TABLE 22 PATENTS BY DOW INC.
TABLE 23 MAJOR PATENT OWNERS IN US, 2012–2023
FIGURE 32 LEGAL STATUS OF PATENTS
6.12.4 JURISDICTION ANALYSIS
FIGURE 33 MAXIMUM PATENTS FILED IN US JURISDICTION
7 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL (Page No. - 101)
7.1 INTRODUCTION
TABLE 24 TYPE OF BASE OIL, BY GROUP
FIGURE 34 MINERAL OIL-BASED LUBRICANTS TO DOMINATE OVERALL INDUSTRIAL LUBRICANTS MARKET DURING FORECAST PERIOD
TABLE 25 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION)
TABLE 26 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION)
TABLE 27 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON)
TABLE 28 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON)
7.2 MINERAL OIL
7.2.1 LOW COST TO DRIVE DEMAND FOR MINERAL OIL-BASED INDUSTRIAL LUBRICANTS
TABLE 29 MINERAL OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 30 MINERAL OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 31 MINERAL OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 32 MINERAL OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
7.3 SYNTHETIC OIL
7.3.1 GROWING INDUSTRIAL SECTOR TO DRIVE DEMAND FOR SYNTHETIC OIL-BASED INDUSTRIAL LUBRICANTS
TABLE 33 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 34 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 35 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 36 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
7.3.2 PAO
7.3.3 PAG
7.3.4 ESTERS
7.3.5 GROUP III (HYDROCRACKING)
TABLE 37 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 38 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY TYPE, 2023–2029 (USD MILLION)
TABLE 39 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY TYPE, 2018–2022 (KILOTON)
TABLE 40 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY TYPE, 2023–2029 (KILOTON)
7.4 BIO-BASED OIL
7.4.1 RISING AWARENESS REGARDING BIO-BASED LUBRICANTS TO FUEL DEMAND
TABLE 41 BIO-BASED OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 42 BIO-BASED OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 43 BIO-BASED OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 44 BIO-BASED OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
8 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE (Page No. - 112)
8.1 INTRODUCTION
FIGURE 35 METALWORKING FLUIDS TO DOMINATE INDUSTRIAL LUBRICANTS MARKET DURING FORECAST PERIOD
TABLE 45 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 46 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION)
TABLE 47 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
TABLE 48 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON)
8.2 HYDRAULIC FLUID
8.2.1 GROWING CONSTRUCTION INDUSTRY TO DRIVE DEMAND
TABLE 49 HYDRAULIC FLUID: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 50 HYDRAULIC FLUID: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 51 HYDRAULIC FLUID: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 52 HYDRAULIC FLUID: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
8.2.2 HL HYDRAULIC FLUID
8.2.3 HLP HYDRAULIC FLUID
8.2.4 HLP-D HYDRAULIC FLUID
8.2.5 FIRE-RESISTANT HYDRAULIC FLUID
8.3 METALWORKING FLUIDS
8.3.1 GROWING STEEL INDUSTRY TO FUEL DEMAND
TABLE 53 METALWORKING FLUIDS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 54 METALWORKING FLUIDS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 55 METALWORKING FLUIDS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 56 METALWORKING FLUIDS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
8.3.2 REMOVAL METALWORKING FLUID
8.3.3 PROTECTING METALWORKING FLUID
8.3.4 FORMING METALWORKING FLUID
8.3.5 TREATING METALWORKING FLUID
8.4 GEAR OIL
8.4.1 GROWING WIND POWER INDUSTRY TO FUEL DEMAND FOR GEAR OIL
TABLE 57 GEAR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 58 GEAR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 59 GEAR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 60 GEAR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
8.4.2 RUST & CORROSION INHIBITED GEAR OIL
8.4.3 COMPOUNDED GEAR OIL
8.4.4 EXTREME PRESSURE GEAR OIL
8.5 COMPRESSOR OIL
8.5.1 INCREASING DEMAND FOR REFRIGERATION AND AIR-CONDITIONING SYSTEMS TO DRIVE MARKET
TABLE 61 COMPRESSOR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 62 COMPRESSOR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 63 COMPRESSOR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 64 COMPRESSOR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
8.6 GREASE
8.6.1 GROWING MINING, CONSTRUCTION, AND TRANSPORT INDUSTRIES TO DRIVE DEMAND
TABLE 65 GREASE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 66 GREASE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 67 GREASE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 68 GREASE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
8.6.2 METALLIC SOAP THICKENER
8.6.2.1 Lithium
8.6.2.2 Calcium
8.6.2.3 Aluminum
8.6.2.4 Sodium
8.6.2.5 Other metallic soaps
8.6.3 NON-SOAP THICKENER
8.6.4 INORGANIC THICKENER
8.6.4.1 Clay
8.6.4.2 Silica
8.6.5 OTHER THICKENERS
8.7 TURBINE OIL
8.7.1 GROWING POWER GENERATION TO DRIVE MARKET
TABLE 69 TURBINE OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 70 TURBINE OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 71 TURBINE OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 72 TURBINE OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
8.8 OTHER PRODUCT TYPES
8.8.1 TRANSFORMER OIL
8.8.2 REFRIGERATION OIL
8.8.3 TEXTILE MACHINERY LUBRICANTS
TABLE 73 OTHER PRODUCT TYPES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 74 OTHER PRODUCT TYPES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 75 OTHER PRODUCT TYPES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 76 OTHER PRODUCT TYPES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
9 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY (Page No. - 131)
9.1 INTRODUCTION
FIGURE 36 CONSTRUCTION TO BE LARGEST END USER OF INDUSTRIAL LUBRICANTS DURING FORECAST PERIOD
TABLE 77 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 78 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 79 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 80 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
9.2 CONSTRUCTION
9.2.1 INCREASED GOVERNMENT INVESTMENTS IN INFRASTRUCTURE PROJECTS TO DRIVE MARKET
TABLE 81 CONSTRUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 82 CONSTRUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 83 CONSTRUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 84 CONSTRUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
9.3 METAL & MINING PRODUCTION
9.3.1 INCREASING CONSUMPTION IN STEEL PRODUCTION PLANTS TO DRIVE MARKET
TABLE 85 METAL & MINING PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 86 METAL & MINING PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 87 METAL & MINING PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 88 METAL & MINING PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
9.3.2 PRIMARY FERROUS PRODUCTS
9.3.3 PRIMARY NON-FERROUS PRODUCTS
9.4 CEMENT PRODUCTION
9.4.1 GROWING CONSTRUCTION ACTIVITIES TO DRIVE MARKET
TABLE 89 CEMENT PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 90 CEMENT PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 91 CEMENT PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 92 CEMENT PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
9.5 POWER GENERATION
9.5.1 RISING AWARENESS ABOUT RENEWABLE SOURCES FOR POWER GENERATION TO DRIVE MARKET
TABLE 93 POWER GENERATION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 94 POWER GENERATION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 95 POWER GENERATION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 96 POWER GENERATION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
9.6 AUTOMOTIVE MANUFACTURING
9.6.1 GROWING DEMAND FOR AUTOMOBILES IN DEVELOPING COUNTRIES TO DRIVE MARKET
TABLE 97 AUTOMOTIVE MANUFACTURING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 98 AUTOMOTIVE MANUFACTURING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 99 AUTOMOTIVE MANUFACTURING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 100 AUTOMOTIVE MANUFACTURING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
9.6.2 TRANSPORT EQUIPMENT
9.7 CHEMICAL
9.7.1 RISING DEMAND FOR FERTILIZERS TO DRIVE MARKET
TABLE 101 CHEMICAL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 102 CHEMICAL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 103 CHEMICAL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 104 CHEMICAL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
9.8 OIL & GAS
9.8.1 NEED FOR LONG-TERM STABILITY AND SMOOTH FUNCTIONING OF MACHINERY TO DRIVE MARKET
TABLE 105 OIL & GAS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 106 OIL & GAS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 107 OIL & GAS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 108 OIL & GAS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
9.9 TEXTILE
9.9.1 REVOLUTIONIZING TEXTILE PRODUCTION WITH ADVANCED LUBRICATION SOLUTIONS TO DRIVE MARKET
TABLE 109 TEXTILE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 110 TEXTILE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 111 TEXTILE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 112 TEXTILE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
9.10 FOOD PROCESSING
9.10.1 GROWING AWARENESS ABOUT FOOD SAFETY TO DRIVE MARKET
TABLE 113 FOOD PROCESSING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 114 FOOD PROCESSING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 115 FOOD PROCESSING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 116 FOOD PROCESSING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
9.10.2 FOOD
9.10.3 BAKERY
9.10.4 SUGAR
9.10.5 DAIRY
9.10.6 MEAT, POULTRY & SEAFOOD
9.10.7 BEVERAGE
9.10.8 OTHERS
9.11 OTHER END-USE INDUSTRIES
TABLE 117 OTHER END-USE INDUSTRIES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 118 OTHER END-USE INDUSTRIES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 119 OTHER END-USE INDUSTRIES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 120 OTHER END-USE INDUSTRIES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
10 INDUSTRIAL LUBRICANTS MARKET, BY REGION (Page No. - 152)
10.1 INTRODUCTION
FIGURE 37 ASIA PACIFIC TO DOMINATE INDUSTRIAL LUBRICANTS MARKET DURING FORECAST PERIOD
TABLE 121 INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 122 INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 123 INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 124 INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON)
10.2 ASIA PACIFIC
FIGURE 38 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET SNAPSHOT
10.2.1 RECESSION IMPACT
10.2.2 ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL
TABLE 125 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION)
TABLE 126 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION)
TABLE 127 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON)
TABLE 128 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON)
10.2.3 ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE
TABLE 129 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 130 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION)
TABLE 131 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
TABLE 132 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON)
10.2.4 ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY
TABLE 133 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 134 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 135 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 136 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.2.5 ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY
TABLE 137 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 138 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
TABLE 139 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON)
TABLE 140 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON)
10.2.5.1 China
10.2.5.1.1 Increasing population and rapid industrialization to drive market
TABLE 141 CHINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 142 CHINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 143 CHINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 144 CHINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.2.5.2 India
10.2.5.2.1 Rapid urbanization and population growth to drive market
TABLE 145 INDIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 146 INDIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 147 INDIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 148 INDIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.2.5.3 Japan
10.2.5.3.1 Government’s fiscal support and technology development to drive market
TABLE 149 JAPAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 150 JAPAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 151 JAPAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 152 JAPAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.2.5.4 South Korea
10.2.5.4.1 Increasing demand from transportation sector to drive market
TABLE 153 SOUTH KOREA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 154 SOUTH KOREA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 155 SOUTH KOREA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 156 SOUTH KOREA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.2.5.5 Australia & New Zealand
10.2.5.5.1 Growing mining industry to drive demand for industrial lubricants
TABLE 157 AUSTRALIA & NEW ZEALAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 158 AUSTRALIA & NEW ZEALAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 159 AUSTRALIA & NEW ZEALAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 160 AUSTRALIA & NEW ZEALAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.2.5.6 Thailand
10.2.5.6.1 Increasing production of automotive parts to drive market
TABLE 161 THAILAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 162 THAILAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 163 THAILAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 164 THAILAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.2.5.7 Indonesia
10.2.5.7.1 Rising oil production to drive market
TABLE 165 INDONESIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 166 INDONESIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 167 INDONESIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 168 INDONESIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.3 EUROPE
FIGURE 39 EUROPE: INDUSTRIAL LUBRICANTS MARKET SNAPSHOT
10.3.1 RECESSION IMPACT
10.3.2 EUROPE INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL
TABLE 169 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION)
TABLE 170 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION)
TABLE 171 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON)
TABLE 172 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON)
10.3.3 EUROPE INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE
TABLE 173 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 174 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION)
TABLE 175 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
TABLE 176 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON)
10.3.4 EUROPE INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY
TABLE 177 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 178 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 179 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 180 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.3.5 EUROPE INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY
TABLE 181 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 182 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
TABLE 183 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON)
TABLE 184 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON)
10.3.5.1 Russia
10.3.5.1.1 Growing middle-class population and low fuel prices to drive market
TABLE 185 RUSSIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 186 RUSSIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 187 RUSSIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 188 RUSSIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.3.5.2 Germany
10.3.5.2.1 Growing industrial activities to drive market
TABLE 189 GERMANY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 190 GERMANY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 191 GERMANY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 192 GERMANY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.3.5.3 UK
10.3.5.3.1 Increasing R&D activities to support market growth
TABLE 193 UK: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 194 UK: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 195 UK: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 196 UK: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.3.5.4 France
10.3.5.4.1 Rising spending power to fuel demand
TABLE 197 FRANCE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 198 FRANCE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 199 FRANCE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 200 FRANCE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.3.5.5 Italy
10.3.5.5.1 Growth in manufacturing industry to fuel demand for industrial lubricants
TABLE 201 ITALY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 202 ITALY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 203 ITALY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 204 ITALY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.3.5.6 Spain
10.3.5.6.1 Growth in automotive sector to drive market growth
TABLE 205 SPAIN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 206 SPAIN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 207 SPAIN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 208 SPAIN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.3.5.7 Turkey
10.3.5.7.1 Increasing automotive sales to fuel demand
TABLE 209 TURKEY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 210 TURKEY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 211 TURKEY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 212 TURKEY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.4 NORTH AMERICA
FIGURE 40 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SNAPSHOT
10.4.1 RECESSION IMPACT
10.4.2 NORTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL
TABLE 213 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION)
TABLE 214 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION)
TABLE 215 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON)
TABLE 216 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON)
10.4.3 NORTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE
TABLE 217 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 218 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION)
TABLE 219 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
TABLE 220 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON)
10.4.4 NORTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY
TABLE 221 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 222 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 223 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 224 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.4.5 NORTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY
TABLE 225 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 226 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
TABLE 227 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON)
TABLE 228 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON)
10.4.5.1 US
10.4.5.1.1 Strong industrial infrastructure and increasing environmental awareness to drive market
TABLE 229 US: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 230 US: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 231 US: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 232 US: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.4.5.2 Canada
10.4.5.2.1 Growing automotive industry to drive market
TABLE 233 CANADA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 234 CANADA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 235 CANADA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 236 CANADA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.4.5.3 Mexico
10.4.5.3.1 Growing power generation and manufacturing sectors to drive market
TABLE 237 MEXICO: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 238 MEXICO: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 239 MEXICO: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 240 MEXICO: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.5 MIDDLE EAST & AFRICA
10.5.1 RECESSION IMPACT
10.5.2 MIDDLE EAST & AFRICA INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL
TABLE 241 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION)
TABLE 242 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION)
TABLE 243 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON)
TABLE 244 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON)
10.5.3 MIDDLE EAST & AFRICA INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE
TABLE 245 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 246 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION)
TABLE 247 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
TABLE 248 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON)
10.5.4 MIDDLE EAST & AFRICA INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY
TABLE 249 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 250 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 251 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 252 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.5.5 MIDDLE EAST & AFRICA INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY
TABLE 253 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 254 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
TABLE 255 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON)
TABLE 256 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON)
10.5.5.1 GCC
10.5.5.1.1 Saudi Arabia
TABLE 257 SAUDI ARABIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 258 SAUDI ARABIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 259 SAUDI ARABIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 260 SAUDI ARABIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.5.5.2 Iran
10.5.5.2.1 Rapid growth in industrial sectors to drive market
TABLE 261 IRAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 262 IRAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 263 IRAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 264 IRAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.5.5.3 South Africa
10.5.5.3.1 Rapid growth in automotive, industrial, and consumer goods to drive market
TABLE 265 SOUTH AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 266 SOUTH AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 267 SOUTH AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 268 SOUTH AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.6 SOUTH AMERICA
10.6.1 RECESSION IMPACT
10.6.2 SOUTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL
TABLE 269 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION)
TABLE 270 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION)
TABLE 271 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON)
TABLE 272 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON)
10.6.3 SOUTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE
TABLE 273 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 274 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION)
TABLE 275 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
TABLE 276 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON)
10.6.4 SOUTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY
TABLE 277 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 278 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 279 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 280 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.6.5 SOUTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY
TABLE 281 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 282 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
TABLE 283 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON)
TABLE 284 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON)
10.6.5.1 Brazil
10.6.5.1.1 Significant investments in manufacturing industry to drive demand
TABLE 285 BRAZIL: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 286 BRAZIL: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 287 BRAZIL: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 288 BRAZIL: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
10.6.5.2 Argentina
10.6.5.2.1 Developing mining industry to support market growth
TABLE 289 ARGENTINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
TABLE 290 ARGENTINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 291 ARGENTINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
TABLE 292 ARGENTINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
11 COMPETITIVE LANDSCAPE (Page No. - 245)
11.1 INTRODUCTION
11.2 KEY PLAYERS' STRATEGIES/RIGHT TO WIN
TABLE 293 OVERVIEW OF STRATEGIES ADOPTED BY KEY INDUSTRIAL LUBRICANT MANUFACTURERS
11.3 MARKET SHARE ANALYSIS
TABLE 294 INDUSTRIAL LUBRICANTS MARKET: DEGREE OF COMPETITION
FIGURE 41 SHELL PLC LED INDUSTRIAL LUBRICANTS MARKET IN 2023
11.3.1 RANKING OF KEY MARKET PLAYERS
FIGURE 42 RANKING OF KEY PLAYERS IN INDUSTRIAL LUBRICANTS MARKET, 2023
11.4 REVENUE ANALYSIS
FIGURE 43 REVENUE ANALYSIS OF KEY COMPANIES (2019−2023)
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
FIGURE 44 INDUSTRIAL LUBRICANTS MARKET: COMPANY EVALUATION MATRIX, 2023
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.5.5.1 Company footprint
FIGURE 45 INDUSTRIAL LUBRICANTS MARKET: COMPANY OVERALL FOOTPRINT
11.5.5.2 Region footprint
TABLE 295 INDUSTRIAL LUBRICANTS MARKET: COMPANY REGION FOOTPRINT
11.5.5.3 Base oil footprint
TABLE 296 INDUSTRIAL LUBRICANTS MARKET: COMPANY BASE OIL FOOTPRINT
11.5.5.4 Product type footprint
TABLE 297 INDUSTRIAL LUBRICANTS MARKET: COMPANY PRODUCT TYPE FOOTPRINT
11.5.5.5 End-use industry footprint
TABLE 298 INDUSTRIAL LUBRICANTS MARKET: COMPANY END-USE INDUSTRY FOOTPRINT
11.6 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 46 INDUSTRIAL LUBRICANTS MARKET: START-UPS/SMES EVALUATION MATRIX, 2023
11.6.5 COMPETITIVE BENCHMARKING
11.6.5.1 Industrial lubricants market: Detailed list of key start-ups/SMEs
11.6.5.2 Industrial lubricants market: Competitive benchmarking of key start-ups/SMEs
11.7 COMPANY EVALUATION AND FINANCIAL METRICS
FIGURE 47 COMPANY VALUATION AND FINANCIAL METRICS OF KEY PLAYERS
FIGURE 48 EV/EBITDA OF KEY PLAYERS
11.8 BRAND/PRODUCT COMPARISON
11.9 COMPETITIVE SITUATION AND TRENDS
11.9.1 PRODUCT LAUNCHES
TABLE 299 INDUSTRIAL LUBRICANTS MARKET: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024
11.9.2 DEALS
TABLE 300 INDUSTRIAL LUBRICANTS MARKET: DEALS, JANUARY 2019–APRIL 2024
11.9.3 EXPANSIONS
TABLE 301 INDUSTRIAL LUBRICANTS MARKET: EXPANSIONS, JANUARY 2019–APRIL 2024
11.9.4 OTHER DEVELOPMENTS
TABLE 302 INDUSTRIAL LUBRICANTS MARKET: OTHER DEVELOPMENTS, JANUARY 2019–APRIL 2024
12 COMPANY PROFILE (Page No. - 268)
12.1 MAJOR PLAYERS
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats)*
12.1.1 EXXON MOBIL CORPORATION
TABLE 303 EXXON MOBIL CORPORATION: COMPANY OVERVIEW
FIGURE 49 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
TABLE 304 EXXON MOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 305 EXXON MOBIL CORPORATION: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024
TABLE 306 EXXON MOBIL CORPORATION: EXPANSIONS, JANUARY 2019–FEBRUARY 2024
12.1.2 TOTALENERGIES SE
TABLE 307 TOTALENERGIES SE: COMPANY OVERVIEW
FIGURE 50 TOTALENERGIES SE: COMPANY SNAPSHOT
TABLE 308 TOTALENERGIES SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 309 TOTALENERGIES SE: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024
TABLE 310 TOTALENERGIES SE: DEALS, JANUARY 2019–APRIL 2024
TABLE 311 TOTALENERGIES SE: EXPANSIONS, JANUARY 2019–APRIL 2024
12.1.3 SHELL PLC
TABLE 312 SHELL PLC: COMPANY OVERVIEW
FIGURE 51 SHELL PLC: COMPANY SNAPSHOT
TABLE 313 SHELL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 314 SHELL PLC: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024
TABLE 315 SHELL PLC: DEALS, JANUARY 2019–APRIL 2024
TABLE 316 SHELL PLC: EXPANSIONS, JANUARY 2019–APRIL 2024
TABLE 317 SHELL PLC: OTHER DEVELOPMENTS, JANUARY 2019–APRIL 2024
12.1.4 CHEVRON CORPORATION
TABLE 318 CHEVRON CORPORATION: COMPANY OVERVIEW
FIGURE 52 CHEVRON CORPORATION: COMPANY SNAPSHOT
TABLE 319 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 320 CHEVRON CORPORATION: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024
TABLE 321 CHEVRON CORPORATION: DEALS, JANUARY 2019–APRIL 2024
TABLE 322 CHEVRON CORPORATION: EXPANSIONS, JANUARY 2019–APRIL 2024
12.1.5 BP P.L.C.
TABLE 323 BP P.L.C.: COMPANY OVERVIEW
FIGURE 53 BP P.L.C.: COMPANY SNAPSHOT
TABLE 324 BP P.L.C.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 325 BP P.L.C.: EXPANSIONS, JANUARY 2019–APRIL 2024
12.1.6 PETROCHINA COMPANY LIMITED
TABLE 326 PETROCHINA COMPANY LIMITED: COMPANY OVERVIEW
FIGURE 54 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 327 PETROCHINA COMPANY LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 328 PETROCHINA COMPANY LIMITED: DEALS, JANUARY 2019–APRIL 2024
12.1.7 CHINA PETROLEUM & CHEMICAL CORPORATION
TABLE 329 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY OVERVIEW
FIGURE 55 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT
TABLE 330 CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 331 CHINA PETROLEUM & CHEMICAL CORPORATION: DEALS, JANUARY 2019–APRIL 2024
TABLE 332 CHINA PETROLEUM & CHEMICAL CORPORATION: EXPANSIONS, JANUARY 2019–APRIL 2024
12.1.8 ENEOS HOLDINGS, INC.
TABLE 333 ENEOS HOLDINGS, INC.: COMPANY OVERVIEW
FIGURE 56 ENEOS HOLDINGS, INC.: COMPANY SNAPSHOT
TABLE 334 ENEOS HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 335 ENEOS HOLDINGS, INC.: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024
TABLE 336 ENEOS HOLDINGS, INC.: DEALS, JANUARY 2019–APRIL 2024
TABLE 337 ENEOS HOLDINGS, INC.: EXPANSIONS, JANUARY 2019–APRIL 2024
12.1.9 IDEMITSU KOSAN CO., LTD.
TABLE 338 IDEMITSU KOSAN CO., LTD.: COMPANY OVERVIEW
FIGURE 57 IDEMITSU KOSAN CO., LTD.: COMPANY SNAPSHOT
TABLE 339 IDEMITSU KOSAN CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 340 IDEMITSU KOSAN CO., LTD.: DEALS, JANUARY 2019–APRIL 2024
TABLE 341 IDEMITSU KOSAN CO., LTD.: EXPANSIONS, JANUARY 2019–APRIL 2024
TABLE 342 IDEMITSU KOSAN CO., LTD.: OTHER DEVELOPMENTS, JANUARY 2019–APRIL 2024
12.1.10 FUCHS SE
TABLE 343 FUCHS SE: COMPANY OVERVIEW
FIGURE 58 FUCHS SE: COMPANY SNAPSHOT
TABLE 344 FUCHS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 345 FUCHS SE: DEALS, JANUARY 2019–APRIL 2024
TABLE 346 FUCHS SE: EXPANSIONS, JANUARY 2019–APRIL 2024
12.1.11 PETROLIAM NASIONAL BERHAD (PETRONAS)
TABLE 347 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY OVERVIEW
FIGURE 59 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY SNAPSHOT
TABLE 348 PETROLIAM NASIONAL BERHAD (PETRONAS): PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 349 PETROLIAM NASIONAL BERHAD (PETRONAS): DEALS, JANUARY 2019–APRIL 2024
TABLE 350 PETROLIAM NASIONAL BERHAD (PETRONAS): EXPANSIONS, JANUARY 2019–APRIL 2024
12.2 START-UPS AND SMES
12.2.1 ENOC COMPANY
TABLE 351 ENOC COMPANY: COMPANY OVERVIEW
12.2.2 PETROLEO BRASILEIRO S.A. (PETROBRAS)
TABLE 352 PETROLEO BRASILEIRO S.A. (PETROBRAS): COMPANY OVERVIEW
12.2.3 PJSC LUKOIL
TABLE 353 PJSC LUKOIL: COMPANY OVERVIEW
12.2.4 PT PERTAMINA (PERSERO)
TABLE 354 PT PERTAMINA (PERSERO): COMPANY OVERVIEW
12.2.5 ENI S.P.A.
TABLE 355 ENI S.P.A.: COMPANY OVERVIEW
12.2.6 PJSC ROSNEFT OIL COMPANY
TABLE 356 PJSC ROSNEFT OIL COMPANY: COMPANY OVERVIEW
12.2.7 GAZPROMNEFT-SM LLC
TABLE 357 GAZPROMNEFT-SM LLC: COMPANY OVERVIEW
12.2.8 GULF OIL INTERNATIONAL LTD.
TABLE 358 GULF OIL INTERNATIONAL LTD.: COMPANY OVERVIEW
12.2.9 PHILLIPS 66
TABLE 359 PHILLIPS 66: COMPANY OVERVIEW
12.2.10 INDIAN OIL CORPORATION LIMITED
TABLE 360 INDIAN OIL CORPORATION LIMITED: COMPANY OVERVIEW
12.2.11 COSMO OIL LUBRICANTS CO., LTD.
TABLE 361 COSMO OIL LUBRICANTS CO., LTD.: COMPANY OVERVIEW
12.2.12 KLUBER LUBRICATION
TABLE 362 KLUBER LUBRICATION: COMPANY OVERVIEW
12.2.13 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL)
TABLE 363 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL): COMPANY OVERVIEW
12.2.14 MOTUL S.A.
TABLE 364 MOTUL S.A.: COMPANY OVERVIEW
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.
13 ADJACENT & RELATED MARKETS (Page No. - 328)
13.1 INTRODUCTION
13.2 LIMITATION
13.3 SYNTHETIC LUBRICANTS MARKET
13.3.1 MARKET DEFINITION
13.3.2 MARKET OVERVIEW
13.4 SYNTHETIC LUBRICANTS MARKET, BY REGION
TABLE 365 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
TABLE 366 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
TABLE 367 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
TABLE 368 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
13.4.1 EUROPE
TABLE 369 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)
TABLE 370 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)
TABLE 371 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)
TABLE 372 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)
13.4.2 NORTH AMERICA
TABLE 373 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)
TABLE 374 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)
TABLE 375 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)
TABLE 376 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)
13.4.3 ASIA PACIFIC
TABLE 377 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)
TABLE 378 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)
TABLE 379 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)
TABLE 380 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)
13.4.4 MIDDLE EAST & AFRICA
TABLE 381 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)
TABLE 382 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)
TABLE 383 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)
TABLE 384 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)
13.4.5 SOUTH AMERICA
TABLE 385 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)
TABLE 386 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)
TABLE 387 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)
TABLE 388 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)
14 APPENDIX (Page No. - 337)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
The study involved four major activities in estimating the market size for industrial lubricants market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The industry lubricants market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by turbine oil, gear oil, grease, hydraulic oil, compressor oil, metalworking fluid, and others. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Breakdown of Primary Participants
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022/ 2023, available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
To know about the assumptions considered for the study, download the pdf brochure
|
COMPANY NAME |
DESIGNATION |
|
Exxon Mobil Corporation |
Senior Manager |
|
Shell plc |
Innovation Manager |
|
Indian Oil Corporation Limited |
Vice-President |
|
BP p.l.c. |
Production Supervisor |
|
Chevron Corporation |
Sales Manager |
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the industrial lubricants market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Industrial Lubricants Market: Bottom-Up Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Industrial Lubricants Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the industrial lubricants industry.
Market Definition
Industrial lubricants are specialized fluids or substances used to reduce friction, heat, and wear between moving parts in machinery and equipment used in various industries such as automotive manufacturing, construction, metal & mining production and others. They serve to optimize the performance, lifespan, and efficiency of machinery by minimizing frictional losses and preventing mechanical breakdowns.
Key Stakeholders
- Industrial lubricants manufacturers
- Industrial lubricants suppliers
- Raw material suppliers
- Service providers
- Application sector companies
- Government bodies
Report Objectives
- To define, describe, and forecast the Industrial lubricants market in terms of value and volume
- To provide detailed information regarding the drivers, opportunities, restraints, and challenges influencing market growth
- To estimate and forecast the market size by base oil type, product type, end-use industry, and region
- To forecast the size of the market for five main regions: Asia Pacific, Europe, North America, South America, and the Middle East & Africa, along with their key countries
- To strategically analyze micromarkets1 with respect to their growth trends, prospects, and contribution to the overall market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To analyze competitive developments, such as deals and expansions, in the market
- To analyze the impact of the recession on the market
- To analyze the impact of COVID-19 on the market and end-use industries
- To strategically profile key players and comprehensively analyze their growth strategies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application type
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Growth opportunities and latent adjacency in Industrial Lubricants Market