Report Id: SNS/C&M/1464 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Industrial Lubricants Market was valued at USD 66.75 billion in 2021 and is expected to reach USD 82.65 billion by 2028, and grow at a CAGR of 3.3% over the forecast period 2022-2028. 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.
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.
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 ,
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
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
|Market Size in 2021||US$ 66.75 Billion|
|Market Size by 2028||US$ 82.65 Billion|
|CAGR||CAGR of 3.3% From 2022 to 2028|
|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.|
Frequently Asked Questions (FAQ) :
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 Size was valued at USD 66.75 billion in 2021, and expected to reach USD 82.65 billion by 2028
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
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
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