Report Scope & Overview:
Industrial Lubricants Market was valued at USD 68.95 billion in 2022 and is expected to reach USD 89.40 billion by 2030, and grow at a CAGR of 3.3% over the forecast period 2023-2030.
Lubricants are used to guarantee that the machines in an industry run smoothly. Industrial lubricants are made up of compounds that are used to keep the machinery running smoothly. Industrial lubricants also help to keep machinery from rusting and reduce friction between components.
The main cause of the market's rapid rise is an increase in demand for lubricants for automotive applications. Rising industrialization, combined with increased demand for grease from various industries to ensure efficient machine operation, would have a direct and beneficial impact on the market's development rate. The high use of general industrial oils will help to propel the market forward.
Get More Information on Industrial Lubricants Market - Request Sample Report
The demand for hybrid electric vehicles.
Increased use of grease in industries.
Increases the productivity.
The smoothening degree is less.
Witnessing the emergence of probable market.
Impact of COVID-19:
Since its debut in 2019-2020, the pandemic has had a significant impact on the industrial lubricants market revenue. Due to the pandemic, global industries and prominent markets have come to a halt as a result of the lockdown, which was followed by the announcement of strict import and export bans, as well as the suspension of international flights, limiting global opportunities for market growth in 2020 and beyond.
As a result, worldwide market players have been experiencing an increasing requirement for dependable investment quantum, which will lead to new product and service research and development, as well as mergers, acquisitions, and partnerships among established companies throughout the world over the term.
By Product Type Hydraulic lubricants, metalworking lubricants, gear lubricants, compressor lubricants, and other types of lubricants have been segmented into the global market. Hydraulic lubricants have the biggest market share due to rising demand in the mining and construction industries. During the review period, however, metalworking lubricant is predicted to increase at a quicker rate.
By End Use The market has been divided all across the globe based on the end-user into power generation sector, automotive manufacturing sector, heavy industries sector, and others. The bigger market share is held by the automotive industry.
By Oil Type
Polyalkylene Glycol (PAG)
Group III (Hydro cracking)
By End-Use Industry
Metal & Mining
Automotive (Vehicle Manufacturing)
Oil & Gas
By Product Type
Get Customized Report as per Your Business Requirement - Request For Customized Report
The industrial lubricants market has been segmented into North American, Asia-Pacific, European, Latin American, and Middle East and African regions depending on region. The Asia-Pacific region, as the fastest-emerging area, has the biggest market share in the global market, owing to the existence of nations such as South Korea, Japan, China, and India, which are regarded as automotive market hubs and hence drive market demand in this region. Furthermore, rising urbanisation is another aspect driving up market demand.
The North American area holds the second-largest market share in the global market, owing to the existence of countries such as the United States, Canada, and Mexico, which drive market demand in this region.
The European area holds the third-largest market share in the global market, owing to the presence of a well-established technologically advanced infrastructure that necessitates more power generation and hence generates more growth prospects in this region.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The Key Players are ExxonMobil, Chevron Corporation, Total S.A., Idemitsu Kosan Co. Ltd., Fuchs Petrolub AG, Valvoline, Lukoil, Petronas, Gazprom Neft, Pertamina,Royal Dutch Shell, BP p.l.c., PetroChina Company Limited, Sinopec Limited & Other Players.
Chevron Corporation-Company Financial Analysis
|Market Size in 2022||US$ 68.95 Billion|
|Market Size by 2030||US$ 89.40 Billion|
|CAGR||CAGR of 3.3% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By oil (Mineral Oil, Synthetic Oil, Bio-based Oil)
• By End-Use Industry (Construction, Metal & Mining, Cement Production, Power Generation, Automotive, Chemical, Oil & Gas, Textile, Food Processing, Others)
• By Product Type (Hydraulic fluid, Metalworking fluid, Gear Oil, Compressor Oil, Grease, Turbine Oil, Others)
|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||ExxonMobil, Chevron Corporation, Total S.A., Idemitsu Kosan Co. Ltd., Fuchs Petrolub AG, Valvoline, Lukoil, Petronas, Gazprom Neft, Pertamina,Royal Dutch Shell, BP p.l.c., PetroChina Company Limited, Sinopec Limited|
|DRIVERS||• Increased use of grease in industries.
• Working smooth.
• Increases the productivity.
|RESTRAINTS||• The demand for hybrid electric vehicles.|
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The Asia-Pacific region, as the fastest-emerging area, has the biggest market share in the global market
Ans: By oil, By end-use industry, By product type are segments of the global sheet metal market.
Ans: The smoothening degree is less and Witnessing the emergence of probable market are the restraints for the Global Industrial Lubricants Market
Ans: Industrial Lubricants Market was valued at USD 68.95 billion in 2022 and is expected to reach USD 89.40 billion by 2030, and grow at a CAGR of 3.3% over the forecast period 2023-2030.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Industrial Lubricants Market Segment, By oil Type
8.1 Mineral Oil
8.2 Synthetic Oil
8.2.1 Polyalphaolefins (PAO)
8.2.2 Polyalkylene Glycol (PAG)
8.2.4 Group III (Hydro cracking)
8.3 Bio-based Oil
9. Global Industrial Lubricants Market Segment, By end-use industry
9.2 Metal & Mining
9.3 Cement Production
9.4 Power Generation
9.5 Automotive (Vehicle Manufacturing)
9.7 Oil & Gas
9.9 Food Processing
10. Global Industrial Lubricants Market Segment, By product type
10.1 Hydraulic fluid
10.2 Metalworking fluid
10.3 Gear Oil
10.4 Compressor Oil
10.6 Turbine Oil
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1Royal Dutch Shell
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.3 BP p.l.c.
12.4 Chevron Corporation
12.5 Total S.A.
12.6 PetroChina Company Limited
12.7 Idemitsu Kosan Co. Ltd.
12.8 Sinopec Limited
12.9 Fuchs Petrolub AG
12.13 Gazprom Neft
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Geofoam Market Size was valued at USD 880.51 million in 2022, and is expected to reach USD 1468.23 million by 2030, and grow at a CAGR of 6.6% over the forecast period 2023-2030.
The Heat Resistant Coatings Market Size was valued at USD 6.72 billion in 2022, and is expected to reach USD 9.92 billion by 2030, and grow at a CAGR of 5.0% over the forecast period 2023-2030.
The Titanium Dioxide Market Size was valued at USD 22.81 billion in 2022, and is expected to reach USD 36.63 billion by 2030, and grow at a CAGR of 6.1% over the forecast period 2023-2030.
The Waterproofing Membrane Market is predicted to grow at a CAGR of 6.1% over the forecast period 2023-2030, with a market value of USD 37.66 billion by 2022 to USD 60.48 billion by 2030
The Semiconductor gases market size was USD 9.2 billion in 2022 and is expected to Reach USD 16.28 billion by 2030 and grow at a CAGR of 7.4 % over the forecast period of 2023-2030.
The Food Grade Lubricants Market Size was valued at USD 3.63 billion in 2022, and is expected to reach USD 6.48 billion by 2030, and grow at a CAGR of 7.5% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone