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Food Grade Lubricants Market

Food Grade Lubricants Market Size and Segment By type (Synthetic Oil, Mineral Oil, Bio-based), By application (Food, Beverages, Pharmaceuticals & Cosmetics, Others) By Form (Oil, Grease), By Grade (H1, H2, H3), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1703 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Food Grade Lubricants Market Size was valued at USD 3.38 billion in 2021, and is expected to reach USD 5.61 billion by 2028, and grow at a CAGR of 7.5 % over the forecast period 2022-2028.  Since the dawn of automation, lubricants have been used in industry. It was formerly derived from mineral-based lubricants. However, in recent years, there has been an increase in the use of food-grade lubricants in the food and beverage industry, as well as food-grade lubricants in medicines. Food grade lubricants are a type of industrial lubricant that is intended to protect industrial machinery from corrosion, friction, and chemical oxidation. These lubricants can be used to avoid and minimise electrical resistance while also boosting thermal conductivity in some cases.

Food Grade Lubricants Market Revenue Graph

Market Dynamics:

Drivers:

  • The food and beverage industry's expansion.

  • Food safety regulations are very strict.

Restraints:

  • Lack of awareness.

  • Lack of rules and regulation about lubricant.

Opportunity:

  • Concerns about food safety are becoming more widespread.

Challenge:

  • Manufacturers are aware of the problem.

Impact of Covid-19:

COVID-19 prompted lockdowns and other restrictions in a number of nations throughout the world in order to halt the virus's spread. As a result, supply chain activities such as production, logistics, and trade were disrupted. As a result, in 2020, the market for food-grade lubricants is predicted to fall. The COVID-19 epidemic and the variable price of raw materials needed to create food grade lubricants have hampered the expansion of the food grade lubricants market. Countries such as China and the United States, among others, are resuming normal operations.

Key Players:

Chevron Corporation, Kluber SKF, exxonmobil Corporation, Total Energies SE, BP plc., Lubrication Munchen SE & Co. KG, total energies SE, Petro-Canada Lubricants Inc., FUCHS Petrolub AG, The DOW Chemical Company And Illinois Tools Works Inc., other players.

Market Segmentation:

By Type

  • Synthetic Oil

    • PAO

    • PAG

    • Others

  • Mineral Oil

  • Bio-based

By Application

  • Food

    • Bakery

    • Dairy

    • Sugar

    • Meat, poultry & seafood

    • Animal feed

    • Others

  • Beverages

  • Pharmaceuticals & Cosmetics

  • Others

By Form

  • Oil

  • Grease

By Grade

  • H1

  • H2

  • H3

Food Grade Lubricants Market Segment Pie Chart

Regional Analysis:

Several end-use industries in North America, such as processed foods, bakery and confectionery goods, and morning cereals, are likely to drive the market for food-grade industrial gases during the forecast period. The millennial age, which is mainly focused on consuming low-preparation, convenient food products, drives a substantial portion of the region's demand. The ease with which packaged food products can be reconstituted is one of the reasons for their growing popularity. Americans are increasingly preferring healthy snacking, making frozen and chilled packaged snacks containing food-grade gases a particularly appealing product category. According to Alberto's government, Canadians are buying more breakfast cereal, which is one of the key drivers boosting the market for food-grade industrial gases.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Food Grade Lubricants Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 3.38 Billion
Market Size by 2028 US$ 5.61 Billion
CAGR CAGR of 7.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By type (Synthetic Oil, Mineral Oil, Bio-based)
• By application (Food, Beverages, Pharmaceuticals & Cosmetics, Others)
• By Form (Oil, Grease)
• By Grade (H1, H2, H3)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Chevron Corporation, Kluber SKF, exxonmobil Corporation, Total Energies SE, BP plc., Lubrication Munchen SE & Co. KG, total energies SE, Petro-Canada Lubricants Inc., FUCHS Petrolub AG, The DOW Chemical Company And Illinois Tools Works Inc., other players.
DRIVERS • The food and beverage industry's expansion.
• Food safety regulations are very strict.
Restraints • Lack of awareness.
• Lack of rules and regulation about lubricant.


Frequently Asked Questions (FAQ) :

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Chevron Corporation (US), Kluber SKF (Sweden) exxonmobil Corporation (US), Total Energies SE (France), BP plc. (UK), Lubrication Munchen SE & Co. KG (Germany), total energies SE (France), Petro-Canada Lubricants Inc.  (Canada), FUCHS Petrolub AG (Germany), The DOW Chemical Company (US) And Illinois Tools Works Inc. (US) are the major key players of  Food Grade Lubricants Market.

Ans: COVID-19 prompted lockdowns and other restrictions in a number of nations throughout the world in order to halt the virus's spread. As a result, supply chain activities such as production, logistics, and trade were disrupted. As a result, in 2020, the market for food-grade lubricants is predicted to fall. The COVID-19 epidemic and the variable price of raw materials needed to create food grade lubricants have hampered the expansion of the food grade lubricants market. Countries such as China and the United States, among others, are resuming normal operations.

Ans: The food and beverage industry's expansion and Food safety regulations are very strict are the drivers for Food Grade Lubricants Market.

Ans: Food Grade Lubricants Market Size was valued at USD 3.38 billion in 2021, and expected to reach USD 5.61 billion by 2028, and grow at a CAGR of 7.5 % over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Food Grade Lubricants Market Segment, By Type

8.1 Synthetic Oil

8.1.1 PAO

8.1.2 PAG

8.1.3 Others

8.2 Mineral Oil

8.3 Bio-based

 

9. Food Grade Lubricants Market Segment, By Application

9.1 Food

9.1.1 Bakery

9.1.2 Dairy

9..1.3 Sugar

9.1.4 Meat, poultry & seafood

9.1.5 Animal feed

9.1.6 Others

9.2 Beverages

9.3 Pharmaceuticals & Cosmetics

9.4   Others

 

10. Food Grade Lubricants Market Segment, By Form

10.1 Oil

10.2 Grease

 

11. Food Grade Lubricants Market Segment, By Grade

11.1 H1

11.2 H2

11.3 H3

 

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

 

13. Company Profile

13.1 Chevron Corporation

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

  13.2 Kluber SKF

13.3 exxonmobil Corporation

13.4 Total Energies SE

13.5 BP plc.

13.6 Lubrication Munchen SE & Co. KG

13.7 total energies SE

13.8 Petro-Canada Lubricants Inc. (Canada)

13.9 FUCHS Petrolub AG

13.10 The DOW Chemical Company

13.13 Illinois Tools Works Inc.

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

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Secondary Research

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