Industrial Lubricants Market: By Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), By Product Type (Hydraulic fluid, Metalworking fluid, Gear Oil, Compressor Oil, Grease, Turbine Oil, Others), By End User (Construction, Metal & Mining, Cement Production, Power Generation, Automotive, Others) and Geography    

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Industrial Lubricants Market size was valued at USD 62,387.6 Million in 2022 and is expected to grow at a significant CAGR of 4.1% during the forecast period 2023 to 2029. The global market provides a detailed overview of the Industrial Lubricants Market and that can be segmented by Base Oil, Product Type, and End User. By base Oil, the industrial lubricants market has been segmented into Mineral Oil, Synthetic Oil, and Bio-based Oil. The mineral oil segment is likely to be the largest and fastest-growing segment in terms of type. Based on product type, Industrial Lubricants market is segmented into Hydraulic fluid, Metalworking fluid, Gear Oil, Compressor Oil, Grease, Turbine Oil, and Others. Among these, the Hydraulic fluid segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on End User, the Industrial Lubricants market is segmented into Construction, Metal & Mining, Cement Production, Power Generation, Automotive, and Others. 

Industrial Lubricants Market Key Development:

In January 2022, Chevron Lubricants Lanka PLC, a subsidiary of Chevron Corporation, announced a marketing deal with Rock Energy in Bangladesh for its lubricant products.

Industrial Lubricants Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.1%

Largest Market

North American

Fastest Growing Market

Asia-Pacific
Industrial Lubricants Market Dynamic

The market is driven by the massive industrial growth in APAC and the Middle East & Africa, due to rise in process automation in most of the industries.

Key Features of the Reports

  • The Industrial Lubricants Market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The Industrial Lubricants Market report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The Industrial Lubricants Market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The Industrial Lubricants Market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The Industrial Lubricants Market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Industrial Lubricants Market Segmentation

By Base Oil
  • Mineral Oil
  • Synthetic Oil
  • Bio-based Oil
By Product Type
  • Hydraulic fluid
  • Metalworking fluid
  • Gear Oil
  • Compressor Oil
  • Grease
  • Turbine Oil
  • Others
By End User
  • Construction
  • Metal & Mining
  • Cement Production
  • Power Generation
  • Automotive
  • Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The Industrial Lubricants Market is projected to expand at a CAGR of 4.1% during the forecast period

The major players in the global hospital beds market are Royal Dutch Shell, ExxonMobil, Chevron Corporation, TotalEnergies, PetroChina Company Limited, Idemitsu Kosan Co. Ltd., Sinopec Limited, Fuchs Petrolub AG, Valvoline, Lukoil, Petronas

North American is the fastest-growing region for Industrial Lubricants Market

  1. Executive Summary
  2. Global Industrial Lubricants Market Introduction

2.1. Global Industrial Lubricants Market - Taxonomy

2.2. Global Industrial Lubricants Market -Definitions

2.2.1. By Base Oil

2.2.2. By Product Type

2.2.3. By End User

2.2.4. By Region

  1. Global Industrial Lubricants Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

3.5. Global Industrial Lubricants Market Dynamic Factors - Impact Analysis

3.6. Global Industrial Lubricants Market - Competition Landscape

  1. Global Industrial Lubricants Market Analysis, 2018 -2022 and Forecast, 2023 - 2029

4.1. Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)

4.3. Market Opportunity Analysis

  1. Global Industrial Lubricants Market, By Basis of Base Oil, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

5.1. Mineral Oil

5.1.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.1.3. Market Opportunity Analysis

5.2. Synthetic Oil

5.2.1. Polyalphaolefins (PAO)

5.2.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.1.3. Market Opportunity Analysis

5.2.2. Polyalkylene Glycol (PAG)

5.2.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.2.3. Market Opportunity Analysis

5.2.3. Esters

5.2.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.3.3. Market Opportunity Analysis

5.2.4. Group III (Hydro cracking)

5.2.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

5.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.4.3. Market Opportunity Analysis

5.3. Bio-based Oil

5.3.1. Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.3.3. Market Opportunity Analysis

  1. Global Industrial Lubricants Market, By Product Type, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

6.1. Hydraulic fluid

6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.1.3. Market Opportunity Analysis

6.2. Metalworking fluid

6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.2.3. Market Opportunity Analysis

6.3. Gear Oil

6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.3.3. Market Opportunity Analysis

6.4. Compressor Oil

6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.4.3. Market Opportunity Analysis

6.5. Grease

6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.5.3. Market Opportunity Analysis

6.6. Turbine Oil

6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.6.3. Market Opportunity Analysis

6.7. Others

6.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.7.3. Market Opportunity Analysis

  1. Global Industrial Lubricants Market Forecast, By End User, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

7.1. Construction

7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.1.3. Market Opportunity Analysis

7.2. Metal & Mining

7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.2.3. Market Opportunity Analysis

7.3. Cement Production

7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.3.3. Market Opportunity Analysis

7.4. Power Generation

7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.4.3. Market Opportunity Analysis

7.5. Automotive

7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.5.3. Market Opportunity Analysis

7.6. Others

7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.5.3.Market Opportunity Analysis

  1. Global Industrial Lubricants Market Forecast, By Region, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

8.1. North America

8.1.1. Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.1.3. Market Opportunity Analysis

8.2. Europe

8.2.1. Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.2.3. Market Opportunity Analysis

8.3. Asia-Pacific

8.3.1. Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.3.3. Market Opportunity Analysis

8.4. Latin America

8.4.1. Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.4.3. Market Opportunity Analysis

8.5. Middle East and Africa

8.5.1. Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.5.3. Market Opportunity Analysis

8.6. Global Industrial Lubricants Market - Opportunity Analysis Index, By Base Oil, By Product Type, By End User, and Region, 2022 - 2028

  1. North America Industrial Lubricants Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

9.1. Base Oil Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.1.1. Mineral Oil

9.1.2. Synthetic Oil

9.1.2.1. Polyalphaolefins (PAO)

9.1.2.2. Polyalkylene Glycol (PAG)

9.1.2.3. Esters

9.1.2.4. Group III (Hydro cracking)

9.1.3. Bio-based Oil

9.2. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.2.1. Hydraulic fluid

9.2.2. Metalworking fluid

9.2.3. Gear Oil

9.2.4. Compressor Oil

9.2.5. Grease

9.2.6. Turbine Oil

9.2.7. Others

9.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.3.1. Construction

9.3.2. Metal & Mining

9.3.3. Cement Production

9.3.4. Power Generation

9.3.5. Automotive

9.3.6. Others

9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

9.4.1. USA

9.4.2. Canada

9.5. North America Industrial Lubricants Market - Opportunity Analysis Index, By Base Oil, By Product Type, By End User, and Country, 2022 - 2028

9.6. North America Industrial Lubricants Market Dynamics - Trends

  1. Europe Industrial Lubricants Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

10.1. Base Oil Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.1.1. Mineral Oil

10.1.2. Synthetic Oil

10.1.2.1. Polyalphaolefins (PAO)

10.1.2.2. Polyalkylene Glycol (PAG)

10.1.2.3. Esters

10.1.2.4. Group III (Hydro cracking)

10.1.3. Bio-based Oil

10.2. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.2.1. Hydraulic fluid

10.2.2. Metalworking fluid

10.2.3. Gear Oil

10.2.4. Compressor Oil

10.2.5. Grease

10.2.6. Turbine Oil

10.2.7. Others

10.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.3.1. Construction

10.3.2. Metal & Mining

10.3.3. Cement Production

10.3.4. Power Generation

10.3.5. Automotive

10.3.6. Others

10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

10.4.1. Germany

10.4.2. UK

10.4.3. France

10.4.4. Spain

10.4.5. Italy

10.4.6. Russia

10.4.7. Rest of Europe

10.5. Europe Industrial Lubricants Market - Opportunity Analysis Index, By Base Oil, By Product Type, By End User, and Country, 2022 - 2028

10.6. Europe Industrial Lubricants Market Dynamics - Trends

  1. Asia-Pacific Industrial Lubricants Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

11.1. Base Oil Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.1.1. Mineral Oil

11.1.2. Synthetic Oil

11.1.2.1. Polyalphaolefins (PAO)

11.1.2.2. Polyalkylene Glycol (PAG)

11.1.2.3. Esters

11.1.2.4. Group III (Hydro cracking)

11.1.3. Bio-based Oil

11.2. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.2.1. Hydraulic fluid

11.2.2. Metalworking fluid

11.2.3. Gear Oil

11.2.4. Compressor Oil

11.2.5. Grease

11.2.6. Turbine Oil

11.2.7. Others

11.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.3.1. Construction

11.3.2. Metal & Mining

11.3.3. Cement Production

11.3.4. Power Generation

11.3.5. Automotive

11.3.6. Others

11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

11.4.1. China

11.4.2. India

11.4.3. Japan

11.4.4. ASEAN

11.4.5. Australia & New Zealand

11.4.6. Rest of Asia-Pacific

11.5. Asia-Pacific Industrial Lubricants Market - Opportunity Analysis Index, By Service Type, By Organization Size, By End Userand Country, 2022 - 2028

11.6. Asia-Pacific Industrial Lubricants Market Dynamics - Trends

  1. Latin America Industrial Lubricants Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

12.1. Base Oil Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.1.1. Mineral Oil

12.1.2. Synthetic Oil

12.1.2.1. Polyalphaolefins (PAO)

12.1.2.2. Polyalkylene Glycol (PAG)

12.1.2.3. Esters

12.1.2.4. Group III (Hydro cracking)

12.1.3. Bio-based Oil

12.2. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.2.1. Hydraulic fluid

12.2.2. Metalworking fluid

12.2.3. Gear Oil

12.2.4. Compressor Oil

12.2.5. Grease

12.2.6. Turbine Oil

12.2.7. Others

12.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.3.1. Construction

12.3.2. Metal & Mining

12.3.3. Cement Production

12.3.4. Power Generation

12.3.5. Automotive

12.3.6. Others

12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

12.4.1. Brazil

12.4.2. Mexico

12.4.3. Argentina

12.4.4. Rest of Latin America

12.5. Latin America Industrial Lubricants Market - Opportunity Analysis Index, By Base Oil, By Product Type, By End User, and Country, 2022 - 2028

12.6. Latin America Industrial Lubricants Market Dynamics - Trends

  1. Middle East and Africa Industrial Lubricants Market Analysis, 2018 -2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)

13.1. Base Oil Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

13.1.1. Mineral Oil

13.1.2. Synthetic Oil

13.1.2.1. Polyalphaolefins (PAO)

13.1.2.2. Polyalkylene Glycol (PAG)

13.1.2.3. Esters

13.1.2.4. Group III (Hydro cracking)

13.1.3. Bio-based Oil

13.2. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

13.2.1. Hydraulic fluid

13.2.2. Metalworking fluid

13.2.3. Gear Oil

13.2.4. Compressor Oil

13.2.5. Grease

13.2.6. Turbine Oil

13.2.7. Others

13.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

13.3.1. Construction

13.3.2. Metal & Mining

13.3.3. Cement Production

13.3.4. Power Generation

13.3.5. Automotive

13.3.6. Others

13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

13.4.1. Gulf Cooperation Council (GCC) Countries

13.4.2. Israel

13.4.3. South Africa

13.4.4. Rest of MEA

13.5. MEA Industrial Lubricants Market - Opportunity Analysis Index, By Base Oil, By Product Type, By End User and Country, 2022 - 2028

13.6. MEA Industrial Lubricants Market Dynamics - Trends

  1. Competition Landscape

14.1. Strategic Dashboard of Top Market Players

14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis)

14.2.1. Royal Dutch Shell

14.2.2. ExxonMobil

14.2.3. Chevron Corporation

14.2.4. TotalEnergies

14.2.5. PetroChina Company Limited

14.2.6. Idemitsu Kosan Co. Ltd.

14.2.7. Sinopec Limited

14.2.8. Fuchs Petrolub AG

14.2.9. Valvoline

14.2.10. Lukoil

14.2.11. Petronas

  1. Research Methodology
  2. Key Assumptions and Acronyms

 

  • Royal Dutch Shell
  • ExxonMobil
  • Chevron Corporation
  • TotalEnergies
  • PetroChina Company Limited
  • Idemitsu Kosan Co. Ltd.
  • Sinopec Limited
  • Fuchs Petrolub AG
  • Valvoline
  • Lukoil
  • Petronas

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