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PUBLISHER: Grand View Research | PRODUCT CODE: 1790084

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PUBLISHER: Grand View Research | PRODUCT CODE: 1790084

Industrial Lubricants Market Size, Share & Trends Analysis Report By Product (Process Oils, General Industrial Oils, Metalworking Fluids, Industrial Engine Oils), By Application, By Region, And Segment Forecasts, 2025 - 2033

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Industrial Lubricants Market Summary

The global industrial lubricants market size was estimated at USD 57,886.3 million in 2024 and is projected to reach USD 73,011.3 million by 2033, growing at a CAGR of 2.9% from 2025 to 2033. Rapid industrialization across developing nations and increasing global trade activities are driving the demand for industrial lubricants.

Moreover, increased investments in research and development, combined with well-planned expansion strategies, are driving the growth of leading market players. Industries such as unconventional Food Processing, chemicals, and mining are projected to expand significantly, boosting the use of industrial lubricants in equipment such as compressors, centrifuges, engines, and bearings. Over the last ten years, countries such as India, Indonesia, South Africa, China, and Brazil have experienced substantial growth in their industrial sectors. Industries involved in manufacturing foundry products, plastics, metal goods, consumer appliances, and the mining sector have seen increased prominence, leading to a greater need for high-performance industrial lubricants. Furthermore, rapid industrial development in BRICS nations, especially China, India, Brazil, Russia, and South Africa, has contributed to market growth. These nations have shown robust expansion in manufacturing domains such as machinery, chemical production, food processing, and metal processing, driven by favorable investment climates and an abundant skilled workforce. The growing industrial landscape in these regions continues to push demand for industrial lubricants used in large-scale operations.

This growing industrial activity has contributed to the rising consumption of lubricants, including process oils, Metalworking Fluids, industrial oils, and engine oils. Consistent industrial output across these regions is anticipated to sustain the demand for such lubricants. In India, process oils account for a substantial portion of the industrial lubricant market, representing more than half of the total demand. In addition, the fast-paced expansion in power generation and distribution sectors has significantly boosted the need for transformer oils.

The increasing demand for various finished products and the need to enhance production capacity have driven manufacturers to adopt machinery for automating production and processing operations. Key growth drivers over the forecast period include evolving emission regulations, advancements in engine technologies, and the implementation of carbon footprint reduction measures, particularly in emerging markets such as China and India.

Changing consumer lifestyles and the growing influence of Western living habits have led to increased demand for processed and frozen foods. The integration of automation in packaging lines and the adoption of robotics for high-pressure operations are expected to drive growth in the processed food sector. The expanding significance of agro-processing is also likely to spur further industry advancements. In addition, rising urbanization, evolving dietary preferences, and the surge in industrial food production, especially in the Asia Pacific and Latin America, are intensifying the need for industrial lubricants used in food-grade equipment. Technological innovations and automation in Textile Manufacturing, along with the expansion of manufacturing facilities by global food and beverage companies, are contributing to higher lubricant demand to maintain hygiene standards, improve efficiency, and extend equipment life in fast-paced, large-scale production settings.

However, growing environmental concerns and strict regulations surrounding contamination and pollution caused by synthetic lubricants present significant challenges. One of the key issues is the disposal of used lubricants, as many of the additives involved are derived from petrochemicals and pose serious risks to water quality. As a result, increasing awareness and regulatory scrutiny related to the use, recycling, and disposal of lubricants are acting as restraints on market growth.

Global Industrial Lubricants Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global industrial lubricants market report based on product, application and region:

  • Product Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2033)
  • Process Oils
  • General Industrial Oils
  • Metalworking Fluids
  • Industrial Engine Oils
  • Other Products
  • Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2033)
  • Mining
  • Power Generation
  • Food Processing
  • Chemical Manufacturing
  • Textile Manufacturing
  • Steel & Metals
  • Other Applications
  • Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2033)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
  • Asia Pacific
    • China
    • India
    • Indonesia
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
Product Code: GVR-1-68038-180-1

Table of Contents

Chapter 1. Methodology And Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. General Industrial Oils Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Snapshot
  • 2.2. Segment Snapshot
  • 2.3. Competitive Landscape Snapshot

Chapter 3. Industrial Lubricants Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
    • 3.1.1. Industrial Lubricants Market Outlook
  • 3.2. Industry Value Chain Analysis
    • 3.2.1. Raw Material Outlook
    • 3.2.2. Manufacturing Trends
    • 3.2.3. Sales Channel Analysis
  • 3.3. Price Trend Analysis, 2018 - 2033
  • 3.4. Market Dynamics
    • 3.4.1. Market Driver Analysis
    • 3.4.2. Market Restraint Analysis
    • 3.4.3. Industry Challenges
    • 3.4.4. Industry Opportunities
  • 3.5. Industry Analysis Tools
    • 3.5.1. Porter's Five Forces Analysis
    • 3.5.2. Macro-Environmental Analysis

Chapter 4. Industrial Lubricants Market: Product Estimates & Trend Analysis

  • 4.1. Product Movement Analysis & Market Share, 2023 & 2033
  • 4.2. Process Oils
    • 4.2.1. Process Oils Market Estimates & Forecast, By Product, 2018 To 2033 (Kilotons) (USD Million)
  • 4.3. General Industrial Oils
    • 4.3.1. General Industrial Oils Market Estimates And Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
  • 4.4. Metalworking Fluids
    • 4.4.1. Metalworking Fluids Market Estimates And Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
  • 4.5. Industrial Engine Oils
    • 4.5.1. Industrial Engine Oils Industrial Lubricants Market Estimates And Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
  • 4.6. Other Products
    • 4.6.1. Other Industrial Lubricants Market Estimates And Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)

Chapter 5. Industrial Lubricants Market: Application Estimates & Trend Analysis

  • 5.1. Application Movement Analysis & Market Share, 2023 & 2033
  • 5.2. Mining
    • 5.2.1. Mining Industrial Lubricants Market Estimates & Forecast, By Application, 2018 To 2033 (Kilotons) (USD Million)
  • 5.3. Power Generation
    • 5.3.1. Power Generation Industrial Lubricants Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 5.4. Food Processing
    • 5.4.1. Food Processing Industrial Lubricants Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 5.5. Chemical Manufacturing
    • 5.5.1. Chemical Manufacturing Industrial Lubricants Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 5.6. Textile Manufacturing
    • 5.6.1. Textile Manufacturing Industrial Lubricants Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 5.7. Steel & Metals
    • 5.7.1. Steel & Metals Industrial Lubricants Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 5.8. Other Applications
    • 5.8.1. Other Applications Industrial Lubricants Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)

Chapter 6. Industrial Lubricants Market: Regional Estimates & Trend Analysis

  • 6.1. Regional Movement Analysis & Market Share, 2023 & 2033
  • 6.2. North America
    • 6.2.1. North America Industrial Lubricants Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.2.2. U.S.
      • 6.2.2.1. Key Country Dynamics
      • 6.2.2.2. U.S. Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.2.3. Canada
      • 6.2.3.1. Key Country Dynamics
      • 6.2.3.2. Canada Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.2.4. Mexico
      • 6.2.4.1. Key Country Dynamics
      • 6.2.4.2. Mexico Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • 6.3. Europe
    • 6.3.1. Europe Industrial Lubricants Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.3.2. Germany
      • 6.3.2.1. Key Country Dynamics
      • 6.3.2.2. Germany Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.3.3. UK
      • 6.3.3.1. Key Country Dynamics
      • 6.3.3.2. UK Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.3.4. France
      • 6.3.4.1. Key Country Dynamics
      • 6.3.4.2. France Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.3.5. Russia
      • 6.3.5.1. Key Country Dynamics
      • 6.3.5.2. Russia Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • 6.4. Asia Pacific
    • 6.4.1. Asia Pacific Industrial Lubricants Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.2. China
      • 6.4.2.1. Key Country Dynamics
      • 6.4.2.2. China Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.3. India
      • 6.4.3.1. Key Country Dynamics
      • 6.4.3.2. India Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.4. Indonesia
      • 6.4.4.1. Key Country Dynamics
      • 6.4.4.2. Indonesia Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • 6.5. Latin America
    • 6.5.1. Latin America Industrial Lubricants Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.5.2. Brazil
      • 6.5.2.1. Key Country Dynamics
      • 6.5.2.2. Brazil Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.5.3. Argentina
      • 6.5.3.1. Key Country Dynamics
    • 6.5.4. Argentina Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • 6.6. Middle East & Africa
    • 6.6.1. Middles East & Africa Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.6.2. Saudi Arabia
      • 6.6.2.1. Key Country Dynamics
      • 6.6.2.2. Saudi Arabia Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
    • 6.6.3. South Africa
      • 6.6.3.1. Key Country Dynamics
      • 6.6.3.2. South Africa Industrial Lubricants Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)

Chapter 7. Industrial Lubricants Market - Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Company Categorization
  • 7.3. Company Market Share/Position Analysis, 2023
  • 7.4. Company Heat Map Analysis
  • 7.5. Regional Market Analysis
  • 7.6. Strategy Mapping
  • 7.7. Company Profiles
    • 7.7.1. Exxon Mobil Corporation
      • 7.7.1.1. Participant's Overview
      • 7.7.1.2. Financial Performance
      • 7.7.1.3. Product Benchmarking
      • 7.7.1.4. Recent Developments
    • 7.7.2. FUCHS
      • 7.7.2.1. Participant's Overview
      • 7.7.2.2. Financial Performance
      • 7.7.2.3. Product Benchmarking
      • 7.7.2.4. Recent Developments
    • 7.7.3. Lubrizol
      • 7.7.3.1. Participant's Overview
      • 7.7.3.2. Financial Performance
      • 7.7.3.3. Product Benchmarking
      • 7.7.3.4. Recent Developments
    • 7.7.4. Shell Global
      • 7.7.4.1. Participant's Overview
      • 7.7.4.2. Financial Performance
      • 7.7.4.3. Product Benchmarking
      • 7.7.4.4. Recent Developments
    • 7.7.5. TotalEnergies
      • 7.7.5.1. Participant's Overview
      • 7.7.5.2. Financial Performance
      • 7.7.5.3. Product Benchmarking
      • 7.7.5.4. Recent Developments
    • 7.7.6. Kluber Lubrication
      • 7.7.6.1. Participant's Overview
      • 7.7.6.2. Financial Performance
      • 7.7.6.3. Product Benchmarking
      • 7.7.6.4. Recent Developments
    • 7.7.7. Valvoline Global Operations
      • 7.7.7.1. Participant's Overview
      • 7.7.7.2. Financial Performance
      • 7.7.7.3. Product Benchmarking
      • 7.7.7.4. Recent Developments
    • 7.7.8. Chevron Corporation
      • 7.7.8.1. Participant's Overview
      • 7.7.8.2. Financial Performance
      • 7.7.8.3. Product Benchmarking
      • 7.7.8.4. Recent Developments
    • 7.7.9. Quaker Chemical Corporation
      • 7.7.9.1. Participant's Overview
      • 7.7.9.2. Financial Performance
      • 7.7.9.3. Product Benchmarking
      • 7.7.9.4. Recent Developments
    • 7.7.10. Castrol Limited
      • 7.7.10.1. Participant's Overview
      • 7.7.10.2. Financial Performance
      • 7.7.10.3. Product Benchmarking
      • 7.7.10.4. Recent Developments
    • 7.7.11. PETRONAS
      • 7.7.11.1. Participant's Overview
      • 7.7.11.2. Financial Performance
      • 7.7.11.3. Product Benchmarking
      • 7.7.11.4. Recent Developments
    • 7.7.12. Idemitsu Kosan Co., Ltd.
      • 7.7.12.1. Participant's Overview
      • 7.7.12.2. Financial Performance
      • 7.7.12.3. Product Benchmarking
      • 7.7.12.4. Recent Developments
Product Code: GVR-1-68038-180-1

List of Tables

  • Table 1 List of Potential End-Users
  • Table 2 Regulatory Framework, by Regions
  • Table 3 List of Raw Material Suppliers
  • Table 4 U.S. Macroeconomic Outlay
  • Table 5 Canada Macroeconomic Outlay
  • Table 6 Mexico Macroeconomic Outlay
  • Table 7 Germany Macroeconomic Outlay
  • Table 8 UK Macroeconomic Outlay
  • Table 9 France. Macroeconomic Outlay
  • Table 10 Russia Macroeconomic Outlay
  • Table 11 China Macroeconomic Outlay
  • Table 12 India Macroeconomic Outlay
  • Table 13 Indonesia Macroeconomic Outlay
  • Table 14 Brazil Macroeconomic Outlay
  • Table 15 Argentina Macroeconomic Outlay
  • Table 16 Saudi Arabia Macroeconomic Outlay
  • Table 17 South Africa Macroeconomic Outlay
  • Table 18 Participant's Overview
  • Table 19 Financial Performance
  • Table 20 Product Benchmarking
  • Table 21 Company Heat Map Analysis
  • Table 22 Key Strategy Mapping

List of Figures

  • Fig. 1 Industrial Lubricants Market Segmentation
  • Fig. 2 Information Procurement
  • Fig. 3 Data Analysis Models
  • Fig. 4 Market Production And Validation
  • Fig. 5 Data Validating & Publishing
  • Fig. 6 Industrial Lubricants Market Snapshot
  • Fig. 7 Industrial Lubricants Market Segmental Outlook, 2023 (Kilotons) (USD Million)
  • Fig. 8 Industrial Lubricants Market: Competitive Insights
  • Fig. 9 Global Industrial Lubricants Market, 2023 (Kilotons) (USD Million)
  • Fig. 10 Global Industrial Lubricants Market Value Chain Analysis
  • Fig. 11 Industrial Lubricants Market Dynamics
  • Fig. 12 Industrial Lubricants Market: Porter's Analysis
  • Fig. 13 Industrial Lubricants Market: Pestel Analysis
  • Fig. 14 Industrial Lubricants Market Analysis & Segment Forecast, By Product, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 15 Process Oils Market Analysis & Segment Forecast, By, Product 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 16 General Industrial Oils Market Analysis & Segment Forecast, By Product, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 17 Metalworking Fluids Market Analysis & Segment Forecast, By, Product, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 18 Industrial Engine Oils Industrial Lubricants Market Analysis & Segment Forecast, By, Product, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 19 Other Industrial Lubricants Market Analysis & Segment Forecast, By, Product, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 20 Industrial Lubricants Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 21 Mining Industrial Lubricants Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 22 Power Generation Industrial Lubricants Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 23 Food Processing Industrial Lubricants Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 24 Chemical Manufacturing Industrial Lubricants Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 25 Textile Manufacturing Industrial Lubricants Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 26 Steel & Metals Industrial Lubricants Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 27 Other Applications Industrial Lubricants Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 28 Industrial Lubricants Market Analysis & Segment Forecast, By Region, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 29 North America Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 30 U.S. Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 31 Canada Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 32 Mexico Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 33 Europe Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 34 Germany Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 35 UK Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 36 France. Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 37 Russia Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 38 Asia Pacific Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 39 China Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 40 India Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 41 Indonesia Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 42 Latin America Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 43 Brazil Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 44 Argentina Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 45 Middle East & Africa Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 46 Saudi Arabia Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 47 South Africa Industrial Lubricants Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
  • Fig. 48 Industrial Lubricants Market: Company Categorization
  • Fig. 49 Industrial Lubricants Market: Company Market Share Analysis
  • Fig. 50 Industrial Lubricants Market: Company Market Positioning Analysis
  • Fig. 51 Industrial Lubricants Market: Strategy Mapping
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