Industrial Lubricants

Industrial Lubricants Market Size Expanding US$ 80.20 Bn by 2027

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The industrial lubricants market size accounted for US$ 55.11 billion in 2019 and is estimated to reach US$ 80.20 billion by 2027 and is anticipated to register a CAGR of 4.8% from 2020 to 2027.

The report provides the overall revenue of the global industrial lubricants market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Report Highlights

  • North America and Europe predicted to maintain their dominance in terms of demand volume for the industrial lubricants despite of the stagnancy in the industrial growth
  • The Asia Pacific projected to be the fastest growing market during the analysis period due to well-established application industries across developing countries
  • In 2019, process oil holds the highest market share in the global industrial lubricants market in terms of both value and volume among other product types due to its large applications in various industries
  • Chemical manufacturing emerged as the largest application segment in 2019 due to increased demand for chemical oils in production of fertilizer, pharmaceutical & cosmetics products, and industrial gas
  • The metalworking application segment is likely to register rapid growth over the upcoming years on account of rising demand for metal products in applications such as building and machinery

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Growth Factors

Major factors that are accounted to drive the industrial lubricants include shifting consumer preference for processed and frozen foods along with increasing demand for green energy generation methods. Hectic lifestyle as well as significant impact of western culture on eating habits has fostered the demand for frozen foods. In addition, an alarming rise in the pollution across the globe coupled with fast depletion of natural resources such as coal and petroleum expected to thrive the demand for green energy, thereby propel the growth of industrial lubricants over the upcoming years.

Additionally, significant growth in the industry automation across various part of the world that has notably fostered the replacement and upgradation of machine parts expected to drive the market for industrial lubricants over the coming years. This trend is likely to expand the production capabilities of the manufacturers along with the production time.

However, rising rate of contamination & environmental pollution because of the use of synthetic lubricants along with stringent regulations for the same expected to hamper the market growth. In addition, disposal of these lubricants is another major factor for concern. Most of the additives used during the manufacturing of industrial lubricants are petrochemical derivatives that pose serious threat to the water bodies when disposed in them. Hence, increasing concern for environmental protection pertaining to the disposal, use, and recycling of lubricants restrict the market growth.

Regional Snapshots

The Asia Pacific emerged as the most opportunistic market for industrial lubricant during the analysis period. Prime factors supporting the escalating growth of the region are shifting of manufacturing bases towards Asian countries, changing consumer preference towards processed & packaged foods, largest chemical market, and prominent demand for fertilizers and pesticides from agriculture sector. Apart from these factors, the region has well-established industries that include textile, agriculture, food processing, chemical, energy and many more that triggers the demand for the industrial lubricants over the upcoming years.

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North America and Europe are the prominent revenue contributors in the global industrial lubricants market and anticipated to continue their dominance over the forthcoming years. The growth of the regions is mainly attributable to the renaissance in industrial activities coupled with increasing adoption of modern industrial machineries. Furthermore, increasing drilling and exploration activities across the regions that significantly triggers the demand for oilfield chemicals projected to drive the market for industrial lubricants in the regions.

Key Players & Strategies

The key market players in the global industrial lubricants market witness intense competition owing to large number of payers present on both regional as well as global level. Because of the same, the global market for industrial lubricants is highly fragmented in nature. To sustain in the highly competitive market these industry participants are significantly investing in the Research & Development (R&D) activity. Shifting trend towards bio-based lubricants along with the increasing need for emission reduction expected to open new horizon for these market players for investment and growth. Apart from the investment, merger & acquisition, partnership, and collaboration are the other main strategies adopted by the industry players to retain their position in the global market.

Some of the prominent players in the industrial lubricants market include:

  • Fuchs Group
  • Exxonmobil Corp
  • The Lubrizol Corporation
  • Phillips 66
  • Royal Dutch Shell
  • Lucas Oil Products, Inc.
  • Bel-Ray Co., Inc.
  • Amsoil, Inc.
  • Kluber Lubrication
  • Chevron Corp.

Segments Covered in the Report

By Product

  • General Industrial Oils
  • Process Oils
  • Industrial Engine Oils
  • Metalworking Fluids
  • Other Industrial Lubricants

By Application

  • Textiles
    • Non-woven Textiles
    • Textile Weaving
    • Textile Composites
    • Textile Finishing
    • Other Textile Applications
  • Metalworking
    • Metal Cutting
    • Metal Forming
    • Metal Joining
    • Industrial Heat Exchangers
    • Metalworking Electronics
    • Other Metalworking Applications
  • Energy
    • Pipelines
    • Transformers
    • Ocean Energy
    • Liquefied Natural Gas (LNG)
    • Other Energy Applications
  • Industrial Gases
    • Polymers
    • Fertilizers
    • Other Chemicals Manufacturing
  • Chemical Manufacturing
  • Hydraulic
    • Bearings
    • Compressors
    • Other Hydraulic Applications
  • Food Processing
    • Frozen Food
    • Beverages
    • Canned Food
    • Bakery
    • Processed Potatoes
    • Cocoa & Chocolate
    • Other Food Applications

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Industrial Lubricants Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Industrial Lubricants Market

5.1. Covid-19: Industrial Lubricants Industry Impact
5.2. Industrial Lubricants Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Industrial Lubricants Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Industrial Lubricants Manufacturers to deal with Covid-19 Pandemic Scenario

Chapter 6. Industrial Lubricants Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Increase in Automation across Various Industries
6.1.1.2. Increasing Demand for Processed Food
6.1.2. Market Restraints
6.1.2.1. Reduced Application of Metal Parts by Auto Makers
6.1.2.2. High Cost of Bio-based Lubricants
6.1.3. Market Opportunities
6.1.3.1. Increasing Preference for Bio-based Lubricants
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Global Industrial Lubricants Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Industrial Lubricants Market Revenue by Manufacturer (2015-2020)
7.1.1.2. Industrial Lubricants Market Revenue Market Share by Manufacturer (2015-2020)
7.1.1.3. Industrial Lubricants Market Production by Manufacturer (2015-2020)
7.1.1.4. Industrial Lubricants Market Production Market Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Manufacturers Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Industrial Lubricants Market, By Product

8.1. Industrial Lubricants Market, by Product, 2016-2027
8.1.1. General Industrial Oils
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.1.2. Market Production and Forecast (2016-2027)
8.1.2. Process Oils
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.2.2. Market Production and Forecast (2016-2027)
8.1.3. Industrial Engine Oils
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.3.2. Market Production and Forecast (2016-2027)
8.1.4. Metalworking Fluids
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.4.2. Market Production and Forecast (2016-2027)
8.1.5. Other Industrial Lubricants
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.5.2. Market Production and Forecast (2016-2027)

Chapter 9. Global Industrial Lubricants Market, By Application

9.1. Industrial Lubricants Market, by Application, 2016-2027
9.1.1. Textiles
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.1.2. Market Consumption and Forecast (2016-2027)
9.1.1.3. Non-woven Textiles
9.1.1.4. Textile Weaving
9.1.1.5. Textile Composites
9.1.1.6. Textile Finishing
9.1.1.7. Other Textile Applications
9.1.2. Metalworking
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.2.2. Market Consumption and Forecast (2016-2027)
9.1.2.3. Metal Cutting
9.1.2.4. Metal Forming
9.1.2.5. Metal Joining
9.1.2.6. Industrial Heat Exchangers
9.1.2.7. Metalworking Electronics
9.1.2.8. Other Metalworking Applications
9.1.3. Energy
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.3.2. Market Consumption and Forecast (2016-2027)
9.1.3.3. Pipelines
9.1.3.4. Transformers
9.1.3.5. Ocean Energy
9.1.3.6. Liquefied Natural Gas (LNG)
9.1.3.7. Other Energy Applications
9.1.4. Industrial Gases
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.4.2. Market Consumption and Forecast (2016-2027)
9.1.4.3. Polymers
9.1.4.4. Fertilizers
9.1.4.5. Other Chemicals Manufacturing
9.1.5. Chemical Manufacturing
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.5.2. Market Consumption and Forecast (2016-2027)
9.1.6. Hydraulic
9.1.6.1. Market Revenue and Forecast (2016-2027)
9.1.6.2. Market Consumption and Forecast (2016-2027)
9.1.6.3. Bearings
9.1.6.4. Compressors
9.1.6.5. Other Hydraulic Applications
9.1.7. Food Processing
9.1.7.1. Market Revenue and Forecast (2016-2027)
9.1.7.2. Market Consumption and Forecast (2016-2027)
9.1.7.3. Frozen Food
9.1.7.4. Beverages
9.1.7.5. Canned Food
9.1.7.6. Bakery
9.1.7.7. Processed Potatoes
9.1.7.8. Cocoa & Chocolate
9.1.7.9. Other Food Applications

Chapter 10. Global Industrial Lubricants Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Production Forecast by Product (2016-2027)
10.1.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.1.3. U.S
10.1.3.1. Market Revenue and Production Forecast (2016-2027)
10.1.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.1.4. Canada
10.1.4.1. Market Revenue and Production Forecast (2016-2027)
10.1.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Production Forecast by Product (2016-2027)
10.2.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.2.3. UK
10.2.3.1. Market Revenue and Production Forecast (2016-2027)
10.2.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.4. Germany
10.2.4.1. Market Revenue and Production Forecast (2016-2027)
10.2.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.5. France
10.2.5.1. Market Revenue and Production Forecast (2016-2027)
10.2.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.6. Rest of EU
10.2.6.1. Market Revenue and Production Forecast (2016-2027)
10.2.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue and Production Forecast by Product (2016-2027)
10.3.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.3.3. China
10.3.3.1. Market Revenue and Production Forecast (2016-2027)
10.3.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Production Forecast (2016-2027)
10.3.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.5. Japan
10.3.5.1. Market Revenue and Production Forecast (2016-2027)
10.3.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Production Forecast (2016-2027)
10.3.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.4. LATAM
10.4.1. Market Revenue and Production Forecast by Product (2016-2027)
10.4.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.4.3. Brazil
10.4.3.1. Market Revenue and Production Forecast (2016-2027)
10.4.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue and Production Forecast (2016-2027)
10.4.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue and Production Forecast by Product (2016-2027)
10.5.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.5.3. GCC
10.5.3.1. Market Revenue and Production Forecast (2016-2027)
10.5.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.4. North Africa
10.5.4.1. Market Revenue and Production Forecast (2016-2027)
10.5.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.5. South Africa
10.5.5.1. Market Revenue and Production Forecast (2016-2027)
10.5.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue and Production Forecast (2016-2027)
10.5.6.2. Market Revenue and Consumption Forecast (2016-2027)

Chapter 11. Company Profiles

11.1. Fuchs Group
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Application
11.1.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.1.4. Recent Developments and Strategies
11.2. Exxonmobil Corp
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Application
11.2.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.2.4. Recent Developments and Strategies
11.3. The Lubrizol Corporation
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Application
11.3.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.3.4. Recent Developments and Strategies
11.4. Phillips 66
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Application
11.4.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.4.4. Recent Developments and Strategies
11.5. Royal Dutch Shell
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Application
11.5.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.5.4. Recent Developments and Strategies
11.6. Lucas Oil Products, Inc.
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Application
11.6.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.6.4. Recent Developments and Strategies
11.7. Bel-Ray Co., Inc.
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Application
11.7.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.7.4. Recent Developments and Strategies
11.8. Amsoil, Inc.
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Application
11.8.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.8.4. Recent Developments and Strategies
11.9. Kluber Lubrication
11.9.1. Company Overview, Business Information, Regional Presence
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Application
11.9.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.9.4. Recent Developments and Strategies
11.10. Chevron Corp.
11.10.1. Company Overview, Business Information, Regional Presence
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Application
11.10.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
11.10.4. Recent Developments and Strategies

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. Email: sales@flairinsight.com

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