PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1720952
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1720952
The global fire-resistant lubricants market is projected to reach USD 2.73 billion by 2030 from USD 2.20 billion in 2024, at a CAGR of 3.74% during the forecast period. Fire-resistant lubricants are widely used in metal processing, mining, and power generation industries. The primary function of fire-resistant lubricants is to reduce friction between moving surfaces and protection from higher temperatures. Fire-resistant lubricants are used in metal processing to produce steel, aluminum, and other metals. These help reduce the engine wear and tear caused by the friction of the metal parts, as well as carry off heat. The growing demand for improved workplace safety, along with adherence to strict environment and safety regulations, is driving adoption at a faster pace. Advances in synthetic and bio-based lubricant technologies are raising performance and sustainability levels, further supporting market expansion. Rapid industrialization at a global level is also driving the demand for these lubricants.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million) and Volume (Kiloton) |
Segments | Type, End-use Industry, and Region |
Regions covered | Asia Pacific, Europe, North America, Middle East & Africa, and South America |
"HFDU type accounted for the second-largest market share of the fire-resistant lubricants market in 2024"
The HFDU fire-resistant lubricants segment held the second-largest market share, in terms of value, in 2024. This is fueled by their performance superiority under harsh operating conditions. Their high viscosity, superior lubricity, and thermal stability over a wide temperature range render them suitable for rigorous industrial applications. HFDU fire-resistant lubricants also provide higher material compatibility and versatility than alternatives such as HFDR, further enhancing their strong market position. Their increasing usage in industries like metal processing, aerospace, mining, and others reflects a clear shift toward high-performance, safety-focused lubrication solutions.
"Power generation industry accounted for the third-largest share of the fire-resistant lubricants market, in terms of value, in 2024"
The power generation industry segment accounted for the third-largest share of the global fire-resistant lubricants market, in terms of value, in 2024. This is attributed to the industry's superior standards of safety and reliability, where machinery like turbines, transformers, and hydraulic systems function at very high temperatures and pressures. The growing application of fire-resistant lubricants, which are characterized by their excellent fire resistance and thermal stability, has played a key role in reducing fire hazards and maintaining smooth operations. With increasing global energy demand and stringent safety regulations, fire-resistant lubricants continue to experience consistent demand in this industry.
"Europe accounted for the second-largest share of the fire-resistant lubricants market, in terms of value, in 2024"
The growth of the European fire-resistant lubricants market is driven by its established production base, rigorous environmental and safety standards, and dominant presence of major end-use industries like metal processing, mining, and power generation. The regulatory focus in the region on fire prevention and workplace safety has driven the implementation of advanced lubricant formulations, especially in Germany, France, and the UK. While growth remained steady, it was moderated by market saturation in Western Europe and slower industrial expansion compared to emerging economies, which placed Europe second to the Asia Pacific but ahead of North America in terms of market value.
The key players profiled in the report include Quaker Chemical Corporation (US), BP p.l.c. (UK), FUCHS SE (Germany), Petrofer (Germany), Shell plc (UK), Exxon Mobil Corporation (US), TotalEnergies SE (France), China Petroleum & Chemical Corporation (China), Phillips 66 (US), LANXESS AG (Germany), and Chevron Corporation (US).
Research Coverage
This report segments the market for fire-resistant lubricants based on type, end-use industry, and region and provides estimations of value (USD million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies associated with the market for fire-resistant lubricants.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the fire-resistant lubricants market, high-growth regions, and market drivers, restraints, and opportunities.