Industrial Lubricants Market 2019- 2025
Industrial Lubricants Market Worth $29.79 Billion and
18,473.5 Thousand Tons by 2025
Meticulous Research® – leading global market research company published a research
report titled Industrial Lubricants Market by Type (Hydraulic Oil, Metalworking
Fluid, Gear Oil, Compressor Oil, Grease) and Industry (Construction and Mining, Metal
Production, Cement & Chemicals, Power Generation, Oil & Gas)- Global Forecast to
2025.
According to this latest publication from Meticulous Research®, 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 market is expected to grow at a
CAGR of 2.3% from 2019 to reach 18,473.5 thousand tons by 2025. The growth in
industrial lubricants market is mainly attributed to growing automation in end use
industries and strong industrial growth in emerging economies, such as China, India,
and Brazil. In addition, increasing demand for eco-friendly lubricants offer growth
opportunities for the players operating in this market. However, stringent regulations
and high cost of synthetic lubricants are the key factors hindering the adoption of
industrial lubricants.
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The global industrial lubricants market study presents historical market data in terms of
value and volume (2017 and 2018), estimated current data (2019), and forecasts for
2025, by type (hydraulic oil, metalworking fluids, gear oil, compressor oil, grease,
turbine, and others), industry (construction & mining, metal production, cement &
chemicals, power generation, oil & gas, food & beverages, general manufacturing), and
geography. The study also evaluates industry competitors and analyzes the market at a
regional and country level.
Based on type, the hydraulic oil segment is estimated to account for the largest share of
the overall industrial lubricants market in 2019. However, grease segment is slated to
grow at the fastest CAGR during the forecast period. The rapid growth of this segment
is mainly attributed to the extensive range of industrial applications supported by
technological improvements; growing demand from emerging economies such as
China, India, and Brazil, among others; legislative pressure; improving industrial grease
quality; and growing awareness of bio greases among end users.
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Industrial Lubricants Market 2019- 2025
Based on industry, power generation industry segment accounted for the largest share
of the overall industrial lubricants market in 2019. The large share of this segment is
mainly attributed to increasing urbanization and growing population, growing demand
for electricity, steady economic growth, and increase in number of industries in
emerging economies. On the other hand, oil & gas industry segment is slated to grow
at the fastest CAGR during the forecast period due to growing number of industries and
increasing investment in setting up oil & gas plants across the globe.
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This research report analyzes major geographies and provides comprehensive analysis
for North America (U.S., Canada), Europe (Germany, France, Russia, Italy, U.K., and
Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Philippines, and
RoAPAC), Latin America, Middle East, and Africa (Egypt, South Africa, Algeria,
Nigeria, Morocco, and Rest of Africa). Asia-Pacific region is estimated to command
the largest share of the overall industrial lubricants market in 2019, followed by North
America and Europe. In addition, Asia Pacific region is expected to grow at the highest
CAGR during the forecast period. Growth in this market is mainly attributed to growing
economy; rapid growth in industrialization and infrastructural developments; rising
private and government investments; cost effective manufacturing operations;
availability of cheap skilled labor; and presence of large number of lubricant
manufacturers. Moreover, growing investments in industrial sector in countries such as
China, India, Japan, Indonesia, and Philippines over the years further supports the
growth of industrial lubricants market in the region.
The key players operating in the global industrial lubricants market 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 among others..
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Industrial Lubricants Market 2019- 2025
Key questions answered in the report:
• Which are the high growth market segments in terms of type, industry, and
region/countries?
• What was the historical market for industrial lubricants across the globe?
• What are the market forecasts and estimates for the period 2019–2025?
• What are the major drivers, restraints, and opportunitiesin the global
industrial lubricants market?
• Who are the major players in the global industrial lubricants market?
• How is the competitive landscape and who are the market leaders in the
global industrial lubricants market?
• What are the recent developments in the global industrial lubricants market?
• What are the different strategies adopted by the major players in the global
industrial lubricants market?
• What are the geographical trends and high growth regions/countries?
Table of Contents:
1 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
Continued…
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Industrial Lubricants Market 2019- 2025
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