PUBLISHER: Grand View Research | PRODUCT CODE: 1790084
PUBLISHER: Grand View Research | PRODUCT CODE: 1790084
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: