The Global Industrial Lubricants Market report provides a holistic overview of the Industrial Lubricants industry to offer accurate projections of the industry for the forecast timeline of 2023-2027. The report analyzes the major market players along with distributors and industrial chain structure. The report provides fruitful insight into the key players and new entrants about the market trends and the competitive landscape. The detail-oriented report consists of n pages and is an extensive database of vital information, statistical data, trends, and competitive analysis of the concerned sector. The data obtained from the study is corroborated by industry experts for the readers.
Industrial lubricants are used in several industries for carrying out the business effectively and smoothly. Manufacturing companies particularly use industrial lubricants to evade corrosion. Replacement of corroded parts can be expensive, particularly steel and iron parts. Industrial lubricants help in removing waste particles, transporting them to a filter. In order to help in reducing contaminants, lubricants are generally used with detergent additives.
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Key Highlights of Report
- In December 2023, Nyara Energy, formerly known as Essar Oil, partnered with Shell, a major energy company, to sell the latter’s industrial lubricants through its network of fuel stations in India. Nyara Energy has over 5,900 fuel stations in India and it plans to build new stations to reach 7,300 stations by 2023.
- The construction segment held the largest share of the industrial lubricants market in 2019, due to high demand for construction activities in China and India. From dump trucks and draglines, bulldozers, to scrapers and shovels, all construction equipment are subjected to harsh conditions, which generates demand for lubricants.
- The Asia Pacific region held the largest share of the global market, with high demand witnessed in China. The country is a rapidly developing nation and is witnessing strong growth of construction, power generation, and oil & gas sectors.
- Key market participants include The Lubrizol Corporation, ExxonMobil Corp, Royal Dutch Shell, Amsoil, Inc., Valvoline International, Inc., Kluber Lubrication, Clariant, Chevron Corp., Petronas Lubricant International, and Quaker Chemical Corp.
The report further sheds light on the broad geographical fragmentation of the global Industrial Lubricants market, as well as various market segments and sub-segments categorized into product types, applications, and end-users. The regional overview in the global market report comprises the market size, value, share, volume, and cost analysis related to each region.
- Product Type Outlook (Revenue, USD Billion; 2017–2027)
- Hydraulic Fluid
- Metalworking Fluid
- Gear Oil
- Compressor Oil
- Turbine Oil
- Transformer Oil
- Refrigeration Oil
- Textile Machinery Lubricants
- Base Oil Outlook (Revenue, USD Billion; 2017–2027)
- Mineral Oil
- Synthetic Oil
- Polyalphaolefins (PAO)
- Polyalkylene Glycol (PAG)
- Group iii (Hydrocracking)
- Bio-based Oil
- End-use Industry Outlook (Revenue, USD Billion; 2017–2027)
- Metal & Mining
- Cement Production
- Power Generation
- Automotive (Vehicle Manufacturing)
- Oil & Gas
- Food Processing
- Pulp & Paper
- Marine (Deck Manufacturing)
The market is spread across several key geographical regions, and the report covers the regional analysis as well as the production, consumption, revenue, and market share in those regions for the forecast period of 2023-2027. The regions include North America, Latin America, Europe, AsiaPacific, and Middle East and Africa.
Key Regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Summary of the Industrial Lubricants Market Report:
The report on the Industrial Lubricants industry sheds light on the latest growth trends and developments along with a special focus on the methodologies. Along with this, the market factors that directly influence the growth of the industry, such as market strategies adopted by the key companies, drivers, restraints, and others, are also covered in the report. Additionally, expansion tactics, product portfolio, and factors influencing the growth of the industry are offered in the report.
The study offers an analysis of the crucial market features, such as R&D advancements, product launches, brand promotions, strategic alliances such as joint ventures, mergers and acquisitions, collaborations, and partnerships, to depict the growth of the key players on both the regional and global scale.
The report covers an analysis of the key features such as cost volatility, production and manufacturing capacity, production and consumption rate, gross revenue, profit margins, import/export, demand and supply dynamics, growth rate, and market share and size. Along with this, the report also focuses on the macro and micro-economic factors, market trends, and divides the market into key segments and sub-segments.
The report employs advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to offer a comprehensive overview of the Industrial Lubricants market. The report includes authentic and validated information about the key market players, their market reach and global position, product portfolio, and business overview. It also offers an extensive analysis of their global market position and revenue contribution by individual players.
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