Industrial Lubricants Market - Global Outlook & Forecast 2022-2027

List of Tables

The global industrial lubricants market is valued at CAGR of 3.63% during 2022 to 2027.

Industrial lubricants are manufactured to protect machines and equipment from wear and tear, reduce downtime, prolong service intervals, and lower maintenance costs. Industrial lubricants are classified into different types and made from base oils and additives.

OPPORTUNITIES & TRENDS

Rising trend of bio-based industrial lubricants

The different governments worldwide are creating awareness about the impact of greenhouse gas emissions on the environment. In addition, the government is working closely with environmental agencies and NGOs to lay down stringent emission regulations to reduce the impact of harmful gases on the environment and human health. These regulations create an opportunity for manufacturers to develop eco-friendly industrial lubricants that will fall under all the emission regulations. Bio-based industrial lubricants are manufactured for vegetable oil and synthetic esters. North America and Europe are the largest bio-based lubricant-consuming regions.

DRIVERS

Rapid Industrialization in BRICS nation.

The BRICS nation comprises Brazil, Russia, India, China, and South Africa. These countries are of the major emerging economies in the world. The BRICS aims to promote peace, security, development, and cooperation. These countries are also highly growing due to significant markets in terms of demand and consumption. Further, the demand for industrial lubricants is expected to rise in the coming years due to the number of drivers, such as large and relatively young populations, massive investments in physical and digital infrastructure, low-cost labor, and increased income. These countries are highly growing due to significant markets in terms of demand and consumption. Further, demand for industrial lubricants is expected to rise in the coming years due to the number of drivers, such as large and relatively young populations, massive investments in physical and digital infrastructure, low-cost labor, and increased income.

Restraints

Used industrial lubricants are considered a serious pollution problem due to illegal dumping or improper disposal, resulting in groundwater, surface water, and soil contamination. These used lubricants cannot be directly combusted without pre-treatment. They are subjected to environmental restrictions since they may contain toxic and hazardous residues such as metal and metalloid particles. These chlorinated compounds may be released into the atmosphere. Used lubricant should be instead recycled instead of treated as waste. The value of lubricants largely depends on quality which is determined in terms of the amount of contamination by water, solid, or other fluids.

Industrial lubricants can be retreated by various processes such as reprocessing, re-refining, and destruction.

SEGMENT REVIEW

The oil used for lubrication in industrial machinery and equipment is called industrial oil. Industrial oils include hydraulic fluid, compressor oil, refrigeration oil, cylinder oil, spindle oil, and transformer oil. Industrial oils are used to improve the performance of industrial machinery and equipment and protect them against damage during operations.

Industrial lubricants are used in manufacturing, power generation, metal & mining, and construction industries. High growth in the metal & mining, and power generation industry is one of the main drivers in the industrial lubricants market. As in the power generation industry, industrial lubricants are widely used in power generation plants such as coal power plants, gas turbine power plants, hydroelectric power plants, natural gas engines, nuclear energy power plants, and wind energy plants.

Market Segmentation by Product Type

Industrial Oil
Metalworking Fluid
Process Oil
Grease

Market Segmentation by End-Use

Manufacturing
Power Generation
Metal & Mining
Construction
Others

Market Segmentation by Geography

North America
- US
- Canada
Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
APAC
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of the Middle East & Africa

COMPANY & STRATEGIES

The competitive scenario in the global industrial lubricants market is currently intensifying. In the industrial lubricant market, the initial capital investment is very high in setting up a manufacturing plant and developing a supply chain network. In addition, there are many well-established players in the industrial lubricants market, and producing industrial lubricants from crude oil and other additives is a very complex process.

The industrial lubricants market consists of major global multinational players such as Shell plc (UK), ExxonMobil Corporation (US), Chevron Corporation (US), Castrol (UK), and Total Energies (France) in the industrial lubricants market. The major players focus on innovation, product diversification & entering new markets.

The industrial lubricants market is provided for the forecast years 2022 to 2027 and the base year of 2021. The market is segmented as per Type, End-user, and Geography for the years considered. The report provides a holistic approach to the Industrial Lubricants industry to enable customers to analyze the market efficiently.

Key Vendors:

Castrol Limited
Chevron Corporation
ExxonMobil
Shell plc
Total Energies

Other Prominent Vendors

Clariant
Eneos Corporation
ENI
Fuchs
Gazpromneft - Lubricants Ltd
Gulf Oil Lubricants India Ltd
Hindustan Petroleum Corporation Limited
Idemitsu Kosan Co. Ltd
Indian Oil Corporation limited
Kluber Lubrication
Lukeoil
Motul
Morris lubricants
Petronas Lubricants International
Petro Canada Lubricants
Philips 666
Repsol
Rosneft lubricants
Sinopec Corporation
Valvoline

KEY QUESTIONS ANSWERED:

1. WHAT IS THE MARKET SIZE OF THE INDUSTRIAL LUBRICANTS MARKET?
2. WHAT IS THE GROWTH RATE OF THE INDUSTRIAL LUBRICANTS MARKET?
3. WHO ARE THE KEY PLAYERS IN THE INDUSTRIAL LUBRICANTS MARKET?
4. WHAT ARE THE MAJOR FACTORS DRIVING THE INDUSTRIAL LUBRICANTS MARKET GROWTH?

Product Code: ARZ220710

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION
- 4.1.1 INCLUSIONS
- 4.1.2 EXCLUSIONS
- 4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
- 4.3.1 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 INTRODUCTION

7.1 OVERVIEW
7.2 VALUE CHAIN ANALYSIS
- 7.2.1 RAW MATERIAL SUPPLIERS
- 7.2.2 MANUFACTURERS
- 7.2.3 DISTRIBUTORS
- 7.2.4 END-USERS
7.3 MACRO FACTORS

8 PREMIUM INSIGHTS

8.1 INDUSTRIAL LUBRICANTS MARKET - GLOBAL FORCAST (2022-2027)
- 8.1.1 MARKET OVERVIEW
8.2 MARKET SYNOPSIS
- 8.2.1 OPPORTUNITIES & TRENDS
- 8.2.2 DRIVERS
- 8.2.3 RESTRAINTS
8.3 SEGMENT REVIEW
- 8.3.1 COMPANY & STRATEGIES

9 MARKET OPPORTUNITIES & TRENDS

9.1 TREND OF BIO-BASED INDUSTRIAL LUBRICANTS
9.2 INCREASED USE OF RENEWABLE ENERGY
9.3 AUTOMATION OF INDUSTRIAL PROCESSES

10 MARKET GROWTH ENABLERS

10.1 INCREASED USE OF HIGH-PERFORMANCE LUBRICANTS
10.2 INDUSTRIALIZATION IN BRICS NATIONS

11 MARKET RESTRAINTS

11.1 FLUCTUATIONS IN CRUDE OIL PRICES
11.2 ENVIRONMENTAL CONCERNS REGARDING USE & DISPOSAL OF INDUSTRIAL LUBRICANTS

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
- 12.3.1 THREAT OF NEW ENTRANTS
- 12.3.2 BARGAINING POWER OF SUPPLIERS
- 12.3.3 BARGAINING POWER OF BUYERS
- 12.3.4 THREAT OF SUBSTITUTES
- 12.3.5 COMPETITIVE RIVALRY

13 PRODUCT TYPE

13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 INDUSTRIAL OIL
- 13.3.1 MARKET OVERVIEW
- 13.3.2 MARKET SIZE & FORECAST
- 13.3.3 GEOGRAPHY (VALUE & VOLUME)
13.4 PROCESS OIL
- 13.4.1 MARKET OVERVIEW
- 13.4.2 MARKET SIZE & FORECAST
- 13.4.3 GEOGRAPHY (VALUE & VOLUME)
13.5 METALWORKING FLUID
- 13.5.1 MARKET OVERVIEW
- 13.5.2 MARKET SIZE & FORECAST
- 13.5.3 GEOGRAPHY (VALUE & VOLUME)
13.6 GREASE
- 13.6.1 MARKET OVERVIEW
- 13.6.2 MARKET SIZE & FORECAST
- 13.6.3 GEOGRAPHY (VALUE & VOLUME)

14 END-USE

14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 MANUFACTURING
- 14.3.1 MARKET OVERVIEW
- 14.3.2 MARKET SIZE & FORECAST
- 14.3.3 GEOGRAPHY (VALUE & VOLUME)
14.4 POWER GENERATION
- 14.4.1 MARKET OVERVIEW
- 14.4.2 MARKET SIZE & FORECAST
- 14.4.3 GEOGRAPHY (VALUE & VOLUME)
14.5 METAL & MINING
- 14.5.1 MARKET OVERVIEW
- 14.5.2 MARKET SIZE & FORECAST
- 14.5.3 GEOGRAPHY (VALUE & VOLUME)
14.6 CONSTRUCTION
- 14.6.1 MARKET OVERVIEW
- 14.6.2 MARKET SIZE & FORECAST
- 14.6.3 GEOGRAPHY (VALUE & VOLUME)
14.7 OTHERS
- 14.7.1 MARKET OVERVIEW
- 14.7.2 MARKET SIZE & FORECAST
- 14.7.3 GEOGRAPHY

15 GEOGRAPHY

15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 GEOGRAPHIC OVERVIEW

16 NORTH AMERICA

16.1 MARKET OVERVIEW
16.2 MARKET SIZE & FORECAST
16.3 PRODUCT TYPE
- 16.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
16.4 END-USE
- 16.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
16.5 KEY COUNTRIES
16.6 US
- 16.6.1 US: MARKET SIZE & FORECAST
16.7 CANADA
- 16.7.1 CANADA: MARKET SIZE & FORECAST

17 LATIN AMERICA

17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.3 PRODUCT TYPE
- 17.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17.4 END-USE
- 17.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17.5 KEY COUNTRIES
17.6 BRAZIL
- 17.6.1 BRAZIL: MARKET SIZE & FORECAST
17.7 MEXICO
- 17.7.1 MEXICO: MARKET SIZE & FORECAST
17.8 REST OF LATIN AMERICA
- 17.8.1 REST OF LATIN AMERICA: MARKET SIZE & FORECAST

18 MIDDLE EAST & AFRICA

18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 PRODUCT TYPE
- 18.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.4 END-USE
- 18.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.5 KEY COUNTRIES
18.6 SAUDI ARABIA
- 18.6.1 SAUDI ARABIA: MARKET SIZE & FORECAST
18.7 SOUTH AFRICA
- 18.7.1 SOUTH AFRICA: MARKET SIZE & FORECAST
18.8 UAE
- 18.8.1 UAE: MARKET SIZE & FORECAST
18.9 REST OF MIDDLE EAST & AFRICA
- 18.9.1 REST OF MIDDLE EAST & AFRICA: MARKET SIZE & FORECAST

19 APAC

19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 PRODUCT TYPE
- 19.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.4 END-USE
- 19.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.5 KEY COUNTRIES
19.7 CHINA
- 19.7.1 CHINA: MARKET SIZE & FORECAST
19.8 INDIA
- 19.8.1 INDIA: MARKET SIZE & FORECAST
19.9 JAPAN
- 19.9.1 JAPAN: MARKET SIZE & FORECAST
19.10 AUSTRALIA
- 19.10.1 AUSTRALIA: MARKET SIZE & FORECAST
19.11 SOUTH KOREA
- 19.11.1 SOUTH KOREA: MARKET SIZE & FORECAST
19.12 REST OF APAC
- 19.12.1 REST OF APAC: MARKET SIZE & FORECAST

20 EUROPE

20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 PRODUCT TYPE
- 20.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.4 END-USE
- 20.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.5 KEY COUNTRIES
20.7 GERMANY
- 20.7.1 GERMANY: MARKET SIZE & FORECAST
20.8 UK
- 20.8.1 UK: MARKET SIZE & FORECAST
20.9 FRANCE
- 20.9.1 FRANCE: MARKET SIZE & FORECAST
20.10 ITALY
- 20.10.1 ITALY: MARKET SIZE & FORECAST
20.11 SPAIN
- 20.11.1 SPAIN: MARKET SIZE & FORECAST
20.12 RUSSIA
- 20.12.1 RUSSIA: MARKET SIZE & FORECAST
20.13 REST OF EUROPE
- 20.13.1 REST OF EUROPE: MARKET SIZE & FORECAST

21 COMPETITIVE LANDSCAPE

21.1 COMPETITION OVERVIEW

22 KEY COMPANY PROFILES

22.1 CASTROL LIMITED
- 22.1.1 BUSINESS OVERVIEW
- 22.1.2 CASTROL LIMITED IN GLOBAL INDUSTRIAL LUBRICANTS MARKET
- 22.1.3 PRODUCT OFFERINGS
- 22.1.4 KEY STRATEGIES
- 22.1.5 KEY STRENGTHS
- 22.1.6 KEY OPPORTUNITIES
22.2 CHEVRON CORPORATION
- 22.2.1 BUSINESS OVERVIEW
- 22.2.2 CHEVRON CORPORATION IN GLOBAL INDUSTRIAL LUBRICANTS MARKET
- 22.2.3 PRODUCT OFFERINGS
- 22.2.4 KEY STRATEGIES
- 22.2.5 KEY STRENGTHS
- 22.2.6 KEY OPPORTUNITIES
22.3 EXXON MOBIL CORPORATION
- 22.3.1 BUSINESS OVERVIEW
- 22.3.2 EXXON MOBIL CORPORATION IN GLOBAL INDUSTRIAL LUBRICANTS MARKET
- 22.3.3 PRODUCT OFFERINGS
- 22.3.4 KEY STRATEGIES
- 22.3.5 KEY STRENGTHS
- 22.3.6 KEY OPPORTUNITIES
22.4 SHELL PLC
- 22.4.1 BUSINESS OVERVIEW
- 22.4.2 SHELL PLC IN GLOBAL INDUSTRIAL LUBRICANTS MARKET
- 22.4.3 PRODUCT OFFERINGS
- 22.4.4 KEY STRATEGIES
- 22.4.5 KEY STRENGTHS
- 22.4.6 KEY OPPORTUNITIES
22.5 TOTALENERGIES SE
- 22.5.1 BUSINESS OVERVIEW
- 22.5.2 TOTALENERGIES SE IN GLOBAL INDUSTRIAL LUBRICANTS MARKET
- 22.5.3 PRODUCT OFFERINGS
- 22.5.4 KEY STRATEGIES
- 22.5.5 KEY STRENGTHS
- 22.5.6 KEY OPPORTUNITIES

23 OTHER PROMINENT VENDORS

23.1 CLARIANT
- 23.1.1 BUSINESS OVERVIEW
- 23.1.2 PRODUCT OFFERINGS
23.2 ENEOS CORPORATION
- 23.2.1 BUSINESS OFFERINGS
- 23.2.2 PRODUCT OFFERINGS
23.3 ENI
- 23.3.1 BUSINESS OVERVIEW
- 23.3.2 PRODUCT OFFERINGS
23.4 FUCHS
- 23.4.1 BUSINESS OVERVIEW
- 23.4.2 PRODUCT OFFERINGS
23.5 GAZPROMNEFT - LUBRICANTS LTD.
- 23.5.1 BUSINESS OVERVIEW
- 23.5.2 PRODUCT OFFERINGS
23.6 GULF OIL INDIA LUBRICANTS LTD.
- 23.6.1 BUSINESS OVERVIEW
- 23.6.2 PRODUCT OFFERINGS
23.7 HINDUSTAN PETROLEUM CORPORATION LIMITED
- 23.7.1 BUSINESS OVERVIEW
- 23.7.2 PRODUCT OFFERINGS
23.8 IDEMITSU KOSAN CO., LTD.
- 23.8.1 BUSINESS OVERVIEW
- 23.8.2 PRODUCT OFFERINGS
23.9 INDIAN OIL CORPORATION LIMITED
- 23.9.1 BUSINESS OVERVIEW
- 23.9.2 PRODUCT OFFERINGS
23.10 KLUBER LUBRICATION
- 23.10.1 BUSINESS OVERVIEW
- 23.10.2 PRODUCT OFFERINGS
23.11 LUKOIL
- 23.11.1 BUSINESS OVERVIEW
- 23.11.2 PRODUCT OFFERINGS
23.12 MOTUL
- 23.12.1 BUSINESS OVERVIEW
- 23.12.2 PRODUCT OFFERINGS
23.13 MORRIS LUBRICANTS
- 23.13.1 BUSINESS OVERVIEW
- 23.13.2 PRODUCT OFFERINGS
23.14 PETRONAS LUBRICANTS INTERNATIONAL
- 23.14.1 BUSINESS OVERVIEW
- 23.14.2 PRODUCT OFFERINGS
23.15 PETRO-CANADA LUBRICANTS INC.
- 23.15.1 BUSINESS OVERVIEW
- 23.15.2 PRODUCT OFFERINGS
23.16 PHILLIPS 66 COMPANY
- 23.16.1 BUSINESS OVERVIEW
- 23.16.2 PRODUCT OFFERINGS
23.17 REPSOL
- 23.17.1 BUSINESS OVERVIEW
- 23.17.2 PRODUCT OFFERINGS
23.18 ROSNEFT LUBRICANTS
- 23.18.1 BUSINESS OVERVIEW
- 23.18.2 PRODUCT OFFERINGS
23.19 SINOPEC
- 23.19.1 BUSINESS OVERVIEW
- 23.19.2 PRODUCT OFFERINGS
23.20 VALVOLINE INC.
- 23.20.1 BUSINESS OVERVIEW
- 23.20.2 PRODUCT OFFERINGS

24 REPORT SUMMARY

24.1 KEY TAKEAWAYS
24.2 STRATEGIC RECOMMENDATIONS

25 QUANTITATIVE SUMMARY

25.1 PRODUCT TYPE
- 25.1.1 INDUSTRIAL OIL (VALUE)
- 25.1.2 INDUSTRIAL OIL (VOLUME)
- 25.1.3 METALWORKING FLUID (VALUE)
- 25.1.4 METALWORKING FLUID (VOLUME)
- 25.1.5 PROCESS OIL (VALUE)
- 25.1.6 PROCESS OIL (VOLUME)
- 25.1.7 GREASE (VALUE)
- 25.1.8 GREASE (VOLUME)
25.2 END-USE
- 25.2.1 MANUFACTURING (VALUE)
- 25.2.2 MANUFACTURING (VOLUME)
- 25.2.3 POWER GENERATION (VALUE)
- 25.2.4 POWER GENERATION (VOLUME)
- 25.2.5 METAL & MINING (VALUE)
- 25.2.6 METAL & MINING (VOLUME)
- 25.2.7 CONSTRUCTION (VALUE)
- 25.2.8 CONSTRUCTION (VOLUME)
- 25.2.9 OTHERS (VALUE)
- 25.2.10 OTHERS (VOLUME)

26 APPENDIX

26.1 ABBREVIATIONS