Industrial Lubricants Market by Type (Hydraulic Oil, Metalworking Fluid, Gear Oil, Compressor Oil, Grease) and Industry (Construction and Mining, Metal Production, Cement and Chemicals, Power Generation, Oil and Gas) - Global Forecast to 2025

  • Report ID:MROTH - 104338
  • Pages: 214
  • Oct 2019
  • Formats*: PDF
  • Category: Others

1. Introduction
    1.1. Market Ecosystem
    1.2. Currency and Limitations
           1.2.1. Currency
           1.2.2. Limitations
    1.3. Key Stakeholders

2. Research Methodology
    2.1. Research Process
           2.1.1. Secondary Research
           2.1.2. Primary Research
           2.1.3. Market Size Estimation

3. Executive Summary
    3.1. Introduction
    3.2. Segment Analysis
           3.2.1. Product Type Analysis
           3.2.2. Industry Analysis
    3.3. Regional Analysis

4. Market Insights
    4.1. Introduction
    4.2. Market Dynamics
           4.2.1. Drivers
           4.2.2. Restraints
           4.2.3. Opportunity

5. Global Industrial Lubricants Market, by Type
    5.1. Introduction
    5.2. Hydraulic Oil
    5.3. Metalworking Fluids
    5.4. Gear Oil
    5.5. Compressor Oil
    5.6. Grease
    5.7. Turbine Oil
    5.8. Others

6. Global Industrial Lubricants Market, by Industry
    6.1. Introduction
    6.2. Construction & Mining
    6.3. Metal Production
    6.4. Cement & Chemical
    6.5. Power Generation
    6.6. Oil & Gas
    6.7. Food and Beverages
    6.8. General Manufacturing

7. Industrial Lubricants Market, by Geography
    7.1. Introduction
    7.2. North America
           7.2.1. Introduction
           7.2.2. U.S.
           7.2.3. Canada
    7.3. Europe
           7.3.1. Introduction
           7.3.2. Germany
           7.3.3. France
           7.3.4. Russia
           7.3.5. Italy
           7.3.6. U.K.
           7.3.7. Rest of Europe
    7.4. Asia Pacific
           7.4.1. Introduction
           7.4.2. China
           7.4.3. India
           7.4.4. Japan
           7.4.5. South Korea
           7.4.6. Philippines
           7.4.7. Rest of Asia Pacific (RoAPAC)
    7.5. Rest of the World (RoW)
           7.5.1. Introduction
           7.5.2. Latin America
           7.5.3. Middle East
           7.5.4. Africa
                    7.5.4.1. Introduction
                    7.5.4.2. Egypt
                    7.5.4.3. South Africa
                    7.5.4.4. Algeria
                    7.5.4.5. Nigeria
                    7.5.4.6. Morocco
                    7.5.4.7. Rest of Africa

8. Competitive Landscape
    8.1. Introduction
    8.2. Partnerships, Agreements, and Collaborations
    8.3. Expansions
    8.4. New Product Launches
    8.5. Acquisitions and Mergers

9. Company Profiles (Includes Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
    9.1. Morris Lubricants
    9.2. The Lubrizol Corporation
    9.3. Eni S.P.A.
    9.4. Hindustan Petroleum Corporation Limited
    9.5. Idemitsu Kosan Co., Ltd.
    9.6. Lukoil
    9.7. China Petroleum & Chemical Corporation (Sinopec Corp.)
    9.8. Total Lubrifiants
    9.9. Shell International B.V. 
    9.10. Exxon Mobil Corporation
    9.11. BP P.L.C. (Castrol)
    9.12. Klüber Lubrication München Se & Co. Kg (Subsidiary of Freudenberg Group)
    9.13. FUCHS PETROLUB SE
    9.14. China National Petroleum Corporation
    9.15. Chevron Corporation 

10. Appendix
      10.1. Questionnaire
      10.2. Available Customization

List of Tables

Table 1 Global Industrial Lubricants Market Drivers: Impact Analysis (2019-2025)
Table 2 Global Industrial Lubricants Market Restraints: Impact Analysis (2019-2025)
Table 3 Global Industrial Lubricants Market Size, by Type, 2017-2025 ($Million)
Table 4 Global Industrial Lubricants Market Size, by Product, 2017-2025 (Thousand Tons)
Table 5 Industrial Hydraulic Oil Market Size, by Country/Region, 2017-2025 ($Million)
Table 6 Industrial Hydraulic Oil Market Size, by Country/Region, 2017-2025 (Thousand Tons)
Table 7 Industrial Metalworking Fluids Market Size, by Country/Region, 2017-2025 ($Million)
Table 8 Industrial Metalworking Fluids Market Size, by Country/Region, 2017-2025 (Thousand Tons)
Table 9 Industrial Gear Oil Market Size, by Country/Region, 2017-2025 ($Million)
Table 10 Industrial Gear Oil Market Size, by Country/Region, 2017-2025 (Thousand Tons)
Table 11 Features and Benefits of Compressor Oils
Table 12 Industrial Compressor Oils Market Size, by Country/Region, 2017-2025 ($Million)
Table 13 Industrial Compressor Oils Market Size, by Country/Region, 2017-2025 (Thousand Tons)
Table 14 Industrial Grease Market Size, by Country/Region, 2017-2025 ($Million)
Table 15 Industrial Grease Market Size, by Country/Region, 2017-2025 (Thousand Tons)
Table 16 Industrial Turbine Oil Market Size, by Country/Region, 2017-2025 ($Million)
Table 17 Industrial Turbine Oil Market Size, by Country/Region, 2017-2025 (Thousand Tons)
Table 18 Other Industrial Lubricants Market Size, by Country/Region, 2017-2025 ($Million)
Table 19 Other Industrial Lubricants Market Size, by Country/Region, 2017-2025 (Thousand Tons)
Table 20 Global Industrial Lubricants Market, by Industry, 2017-2025 ($Million)
Table 21 Global Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 22 Industrial Lubricants Market for Construction & Mining, by Country/Region, 2017-2025 ($Million)
Table 23 Industrial Lubricants Market Size for Construction & Mining, by Country/Region, 2017-2025 (Thousand Tons)
Table 24 Industrial Lubricants Market Size for Metal Production, by Country/Region, 2017-2025 ($Million)
Table 25 Industrial Lubricants Market Size for Metal Production, by Country/Region, 2017-2025 (Thousand Tons)
Table 26 Industrial Lubricants Market Size for Cement & Chemical, by Country/Region, 2017-2025 ($Million)
Table 27 Industrial Lubricants Market for Cement & Chemical, by Country//Region, 2017-2025 (Thousand Tons)
Table 28 Industrial Lubricants Market Size for Power Generation, by Country/Region, 2017-2025 ($Million)
Table 29 Industrial Lubricants Market Size for Power Generation, by Country/Region, 2017-2025 (Thousand Tons)
Table 30 Industrial Lubricants Market Size for Oil & Gas, by Country/Region, 2017-2025 ($Million)
Table 31 Industrial Lubricants Market Size for Oil & Gas, by Country/Region, 2017-2025 (Thousand Tons)
Table 32 Industrial Lubricants Market Size for Food & Beverage, by Country/Region, 2017-2025 ($Million)
Table 33 Industrial Lubricants Market Size for Food & Beverage, by Country/Region, 2017-2025 (Thousand Tons)
Table 34 Industrial Lubricants Market Size for General Manufacturing, by Country/Region, 2017-2025 ($Million)
Table 35 Global Industrial Lubricants Market Size for General Manufacturing, by Country/Region, 2017-2025 (Thousand Tons)
Table 36 Industrial Lubricants Market Size, by Region, 2017-2025 ($ Million)
Table 37 Industrial Lubricants Market Size, by Region, 2017-2025 (Thousand Tons)
Table 38 North America: Industrial Lubricants Market Size, by Country/Region, 2017-2025 ($ Million)
Table 39 North America: Industrial Lubricants Market Size, by Country/Region, 2017-2025 (Thousand Tons)
Table 40 North America: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 41 North America: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 42 North America: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 43 North America: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 44 U.S.: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 45 U.S.: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 46 U.S.: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 47 U.S.: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 48 Canada: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 49 Canada: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 50 Canada: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 51 Canada: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 52 Europe: Industrial Lubricants Market Size, by Country/Region, 2017-2025 ($ Million)
Table 53 Europe: Industrial Lubricants Market Size, by Country/Region, 2017-2025 (Thousand Tons)
Table 54 Europe: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 55 Europe: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 56 Europe: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 57 Europe: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 58 Germany: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 59 Germany: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 60 Germany: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 61 Germany: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 62 France: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 63 France: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 64 France: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 65 France: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 66 Russia: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 67 Russia: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 68 Russia: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 69 Russia: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 70 Italy: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 71 Italy: Industrial Lubricants Market Size, by Type, 2017– 2025 (Thousand Tons)
Table 72 Italy: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 73 Italy: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 74 U.K.: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 75 U.K.: Industrial Lubricants Market Size, by Type, 2017– 2025 (Thousand Tons)
Table 76 U.K.: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 77 U.K.: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 78 RoE: Industrial Lubricants Market Size, by Type, 2017–2025 ($ Million)
Table 79 RoE: Industrial Lubricants Market Size, by Type, 2017– 2025 (Thousand Tons)
Table 80 RoE: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 81 RoE: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 82 Asia-Pacific: Industrial Lubricants Market Size, by Country, 2017– 2025 ($ Million)
Table 83 Asia-Pacific: Industrial Lubricants Market Size, by Country/Region, 2017-2025 (Thousand Tons)
Table 84 Asia-Pacific: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 85 Asia-Pacific: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 86 Asia-Pacific: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 87 Asia-Pacific: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 88 China: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 89 China: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 90 China: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 91 China: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 92 India: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 93 India: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 94 India: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 95 India: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 96 Japan: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 97 Japan: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 98 Japan: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 99 Japan: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 100 South Korea: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 101 South Korea: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 102 South Korea: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 103 South Korea: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 104 Philippines: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 105 Philippines: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 106 Philippines: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 107 Philippines: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 108 RoAPAC: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 109 RoAPAC: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 110 RoAPAC: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 111 RoAPAC: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 112 RoW: Industrial Lubricants Market Size, by Region, 2017-2025 ($ Million)
Table 113 RoW: Industrial Lubricants Market Size, by Country/Region, 2017-2025 (Thousand Tonnes)
Table 114 RoW: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 115 RoW: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 116 RoW: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 117 RoW: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 118 Latin America: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 119 Latin America Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 120 Latin America Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 121 Latin America: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 122 Middle East: Industrial Lubricants Market Size, by Type, 2017–2025 ($ Million)
Table 123 Middle East: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 124 Middle East: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 125 Middle East: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 126 Africa: Industrial Lubricants Market Size, by Country/Region, 2017-2025 ($ Million)
Table 127 Africa: Industrial Lubricants Market Size, by Country/Region, 2017-2025 (Thousand Tonnes)
Table 128 Africa: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 129 Africa: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 130 Africa: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 131 Africa: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 132 Egypt: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 133 Egypt: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 134 Egypt: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 135 Egypt: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 136 South Africa: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 137 South Africa: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 138 South Africa: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 139 South Africa: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 140 Algeria: Industrial Lubricants Market Size, by Type, 2017–2025 ($ Million)
Table 141 Algeria: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 142 Algeria: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 143 Algeria: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 144 Nigeria: Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 145 Nigeria: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 146 Nigeria: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 147 Nigeria: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 148 Morocco Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 149 Morocco Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 150 Morocco: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 151 Morocco: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 152 Rest of Africa Industrial Lubricants Market Size, by Type, 2017– 2025 ($ Million)
Table 153 Rest of Africa: Industrial Lubricants Market Size, by Type, 2017-2025 (Thousand Tons)
Table 154 Rest of Africa: Industrial Lubricants Market Size, by Industry, 2017–2025 ($ Million)
Table 155 Rest of Africa: Industrial Lubricants Market Size, by Industry, 2017-2025 (Thousand Tons)
Table 156 Number of Developments by the Leading Companies, 2016-2019
Table 157 Key Partnership, Collaborations, and Agreements, 2016-2019
Table 158 Key Expansions, 2016-2019
Table 159 Key New Product Launches, 2016-2019
Table 160 Key Acquisitions and Mergers, 2016-2019

List of Figures

Figure 1 Scope of the Global Industrial Lubricants Market
Figure 2 Key Stakeholders in the Global Industrial Lubricants Market
Figure 3 Research Process
Figure 4 Key Executives Interviewed
Figure 5 Primary Research Techniques
Figure 6 Market Size Estimation
Figure 7 Hydraulic Oil Dominates the Global Industrial Lubricants Market
Figure 8 Industrial Lubricants Market Size, by Type, 2019 -2025 (Thousand Tons)
Figure 9 Global Industrial Lubricants Market, by Industry, 2019 Vs 2025 (USD Million)
Figure 10 Industrial Lubricants Market Share, by Geography, 2019 (%)
Figure 11 Number of Airports in China: 2017 and 2035
Figure 12 Industrial Lubricants Market Size, by Type, 2019-2025 ($Million)
Figure 13 Global Industrial Lubricants Market, by Industry, 2019-2025 ($Million)
Figure 14 Expenditure on Highway Construction of India: 2013-2014 And 2017-2018
Figure 15 Global Steel Production: 2011 and 2018
Figure 16 Annual Global Primary Energy Demand (in Mtoe): 2011-2018
Figure 17 U.S. Natural Gas Production (in Billion Cubic Feet Per Day): 2011 and 2017
Figure 18 Food and Beverage Retail Sales in the U.S.: 2007 and 2016
Figure 19 India: Industrial Lubricants Market Attractiveness by Industry
Figure 20 Key Growth Strategies Adopted by Leading Players, 2016-2019
Figure 21 The Lubrizol Corporation: Financial Overview (2016-2018)
Figure 22 Eni S.P.A.: Financial Overview (2016-2018)
Figure 23 Hindustan Petroleum Corporation Limited: Financial Overview (2017-2019)
Figure 24 Demits Kosan Co. Ltd.: Financial Overview (2016-2018)
Figure 25 Lukoil: Financial Overview (2016-2018)
Figure 26 China Petroleum & Chemical Corporation (Sinopec Corp.): Financial Overview (2016-2018)
Figure 27 Total S.A: Financial Overview (2016-2018)
Figure 28 Royal Dutch Shell Plc: Financial Overview (2016-2018)
Figure 29 Exxon Mobil Corporation: Financial Overview (2016-2018)
Figure 30 BP P.L.C.: Financial Overview (2016-2018)
Figure 31 Freudenberg Group: Financial Overview, 2016-2018
Figure 32 FUCHS PETROLUB SE: Financial Overview, 2016-2018
Figure 33 China National Petroleum Corporation: Financial Overview, 2016-2018
Figure 34 Chevron Corporation: Financial Overview, 2016-2018

 


The Global Industrial Lubricants Market is expected to grow at a CAGR of 6.4% from 2019 to reach $29.79 billion by 2025. Moreover, in terms of volume, the overall market is expected to grow at a CAGR of 2.3% from 2019 to reach 18,473.5 thousand tons by 2025.

Industrial lubricants are used to protect equipment and associated parts from wear and tear, enabling smooth operation. The growth of this market is majorly driven by the growing automation in end use industries and strong industrial growth in emerging economies, such as China, India, and Brazil. Moreover, increasing demand for eco-friendly lubricants is further boosting the growth of industrial lubricants Industry.

Strong industrial growth in emerging economies is propelling the growth of industrial lubricants market

Rapid urbanization, industrialization, and increasing technological advances in the emerging economies are the major factors supporting the growth of industrial lubricants market. According to the Civil Aviation Administration of China (CAAC), the Chinese government is planning to build airports, which is double of the current number of airports. It is estimated that the number of airports will increase from 234 in 2019 to 450 in 2035. Similarly, in 2019, the government of India is planning to set up around 5,000 compressed biogas (CBG) plants by 2023.

In addition, in November 2018, Abu Dhabi’s Supreme Petroleum Council (SPC) approved a $132 billion (AED486bn) capital investment plan to support Abu Dhabi National Oil Company’s (ADNOC) five-year growth plan. The plan is to increase the U.A. E’s oil and gas production capacity. Similarly, in November 2018, the South African government announced an investment of $1.0 billion in South Sudanese oil industry. The investment was aimed to help Sudan develop its oil sector and to provide more affordable energy for South Africa. Due to these investments and initiatives to support industrialization, the adoption of industrial lubricants is expected to increase, thereby boosting the overall market growth.

Increasing automation and demand for eco-friendly lubricants support the market growth

With increasing automation, the automated lubrication procedures also came into practice, thereby reducing improper lubrication. Over the past years, improper lubrications have been a major cause of bearing failure, which significantly impacted the productivity and imposed high bearing replacement cost on industries. However, with automated lubrication, the right amount of lubricant at right time is used, specifically when the parts need it. Also, it solved the safety issue, which has been raised continually regarding the safety of worker lubricating the equipment, as many machines are dangerous to lubricate while running.

In addition, due to increasing measures for attaining sustainability in environment, the demand for biodegradable lubricants is growing, globally. Biodegradable lubricants possess good properties, which include lower volatility, higher flash points, better viscosity indexes, and better boundary lubricant properties, compared with petroleum lubricants. Further, the adoption of biodegradable lubricants preserves the mineral oil-based sources as they are non-renewable and are getting exhausted rapidly.

Industrial Lubricants Market

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Key Findings in the Global Industrial Lubricants Market Study:

Hydraulic oil dominated the overall industrial lubricants market

Hydraulic oil segment is estimated to contribute the largest share of the overall industrial lubricants oil market in 2019 and generated large proportion of revenue as compared to other product types. The overall growth of this segment is mainly attributed to the growing demand from end user industries, specifically from construction and mining; and its low cost as compared to other types of industrial lubricants. For instance, in India, the government expenditure for the construction of highways has increased more than three times since 2013. According to the estimations, the total expenditure on highway construction was $5,317.0 million (Rs. 32,438 crores) in 2013-2014, which increased to $17,004.2 million (Rs. 1,16,324 crores) in 2017-2018. Similarly, in China, after the launch of 13th Five Year Plan in 2016, the construction activities have experienced strong growth with increase in construction of airports, water, rail, power, and roads & bridges.

Power generation industry to witness the largest demand through 2025

Power generation industry segment is estimated to command the largest share of the overall industrial lubricants Industry in 2019. This large share of this segment is mainly attributed to the growth of power generation plants, increasing urbanization and growing population, growing demand for electricity, steady economic growth, and increase in number of industries in emerging economies.

Asia-Pacific: The dominant and the fastest growing market

Asia-Pacific region is estimated to command the largest share of the overall industrial lubricants market in 2019, followed by North America and Europe. Asia-Pacific will be the fastest growing regional market due to growing economy; rapid growth in industrialization and infrastructural developments; rising private and government investments; cost effective manufacturing operations; and availability of cheap skilled labor. In addition, huge investments in the industrial sector by countries such as China, India, Japan, Indonesia, and Philippines further support the growth of this market in the region.

Industrial Lubricants Market Key Players:

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years (2016-2019). The key players profiled in this market report are Shell International B.V., Exxon Mobil Corporation, BP P.L.C., Chevron Corporation, Total Lubrifiants, China National Petroleum Corporation, China Petroleum & Chemical Corporation (SINOPEC CORP.), LUKOIL, FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Klüber Lubrication, Hindustan Petroleum Corporation Limited, Eni S.P.A., The Lubrizol Corporation, and Morris Lubricants.

Scope of Industrial Lubricants Market Report:

by Type

  • Hydraulic Oil
  • Metalworking Fluids
  • Gear Oil
  • Compressor Oil
  • Grease
  • Turbine Oil
  • Others

by Industry

  • Construction & Mining
  • Metal Production
  • Cement & Chemical
  • Power Generation
  • Oil & Gas
  • Food & Beverages
  • General Manufacturing

by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Russia
    • Italy
    • U.K.
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Philippines
    • Rest of Asia-Pacific (RoAPAC)
  • Rest of The World (RoW)
    • Latin America
    • Middle East
    • Africa
      • Egypt
      • South Africa
      • Algeria
      • Nigeria
      • Morocco
      • Rest of Africa

Key questions answered in Industrial Lubricants Market report:

Hydraulic oil accounted for the largest share of the industrial lubricants market

  • What factors are contributing to the frequent usage of hydraulic oil in various industries?
  • What are the advantages offered by hydraulic oil, which makes it superior to other product types?
  • How is the adoption of hydraulicoil in industries differ in developing and developed nations?

The Asia-pacific industrial lubricants market favors both larger and local manufacturers that compete in multiple segments

  • What are the top competitors in this market and what strategies do they employ to gain shares?
  • What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
  • What strategies should new companies look to enter this market use to compete effectively?
  • What are the industrial lubricants market drivers, restraints, and opportunities in the global market?
  • Who are the major players in various countries and what industrial lubricants market share do they hold?
  • What are the geographical trends and high growth regions/ countries?

Recent agreements, acquisitions, partnerships, collaborations, and expansions have taken place in the industrial lubricants market space.

  • What companies have recently merged/acquired and how will these unions affect the industrial lubricants market competitive landscape?
  • What companies have created partnerships and how will these partnerships promote a competitive advantage?
  • Who are the major players in this market and what industrial lubricants market share do they hold?
  • What are the local emerging players in the global industrial lubricants market and how do they compete with the global players?
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