HOME Top Market Reports Industrial Lubricants Market by Type (Metalworking Fluid, Grease Hydraulic, Gear, Compressor, Turbine Oil), End-Use Industry (Construction & Mining, Metal, Cement, Power Generation, Manufacturing, Food), Base Oil, and Region - Global Forecasts to 2021

Industrial Lubricants Market by Type (Metalworking Fluid, Grease Hydraulic, Gear, Compressor, Turbine Oil), End-Use Industry (Construction & Mining, Metal, Cement, Power Generation, Manufacturing, Food), Base Oil, and Region - Global Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: March 2017
Report Code: CH 5096

 

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The global industrial lubricants market was valued at 55.73 Billion in 2015, and is projected to reach USD 64.48 Billion by 2021, at a CAGR of 2.5% from 2016 to 2021. In this report, 2015 is considered the base year and the forecast period is from 2016 to 2021.

The objectives of this study are:

  • To define, describe, and analyze the global industrial lubricants market by type, base oil, end-use industry, and region
  • To forecast and analyze the market size (in terms of value and volume) and submarkets of five regions, such as, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America
  • To forecast and analyze the market at the country level for each region
  • To strategically analyze each submarket with respect to individual growth trends and its contribution to the global industrial lubricants market
  • To analyze opportunities in the market for the stakeholders by identifying high growth segments of the global industrial lubricants market
  • To identify significant market trends and factors driving or inhibiting the growth of the market and its submarkets
  • To analyze competitive developments, such as expansions, joint ventures, new products launches, and acquisitions, in the global industrial lubricants market
  • To strategically profile the key market players and comprehensively analyze their growth strategies

This technical, market-oriented, and commercial research study of the global industrial lubricants market involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva), to identify and collect information. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the total market has been split into several segments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study:

Industrial Lubricants Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain of industrial lubricants include raw material manufacturing companies such as ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), BP p.l.c. (U.K.), and others. These companies are vertically integrated, they produce raw material i.e. crude oil and use it for the production of various industrial lubricants. However, companies such as AMS Oil (U.S.), Bell-Ray Company, LLC. (U.S.), are engaged in the production of industrial lubricants using crude oil and additives that are provided by raw material suppliers. After the completion of the production process, industrial lubricants are distributed in the market through different channels. The blending plants supply their products to distributors, which are further distributed among, retailers, independent workshops, and garages. The major end-use industries for industrial lubricants are construction & mining, metal production, cement production, automotive, power generation, marine, food processing, paper, wood, aviation, and others.

The target audiences for the industrial lubricants market report are as follows:

  • Industrial Lubricants Manufacturers
  • Raw Material Suppliers
  • Investment Banks
  • Industrial Lubricants Distributors
  • Government Bodies

Scope of the Report

This report categorizes the global market for industrial lubricants on the basis of type, base oil, end-use industry, and region.

Industrial lubricants market, by Type:

  • Hydraulic oil
    • HL Hydraulic Oil
    • HLP Hydraulic Oil
    • HLP-D Hydraulic Oil
    • Fire-Resistant Hydraulic Oil
  • Metalworking fluid
    • Removal
    • Forming
    • Protecting
    • Treating
  • Gear Oil
    • Rust & Corrosion Inhibited Gear Oil
    • Compounded Gear Oil
    • Extreme Pressure Gear Oil
  • Compressor oil
  • Grease
    • Metallic Soap Thickener
      • Lithium
      • Calcium
      • Aluminum
      • Sodium
      • Other Metallic Soap
    • Non-Soap Thickener
    • Inorganic Thickener
      • Clay
      • Silica
    • Others
  • Turbine Oil
  • Others
    • Transformer Oil
    • Refrigeration Oil
    • Textile Machinery Lubricants

Industrial lubricants market, by Base Oil:

  • Mineral Oil
  • Synthetic Oil
    • Polyalphaolefin (PAO)
    • Polyalkylene Glycol (PAG)
    • Esters
    • Group III (Hydro cracking)
  • Bio-based Oil

Industrial lubricants market, by End-Use Industry:

  • Construction & Mining
  • Metal Production
    • Transport Equipment
    • Primary Ferrous Products
    • Primary Non-ferrous Products
  • Cement Production
  • Power Generation
  • General Manufacturing
    • Automotive
    • Chemical
    • Marine
    • Oil & Gas
    • Textile
    • Others
  • Food Processing
    • Food
      • Bakery
      • Sugar
      • Dairy
      • Meat Poultry & Sea Food
      • Others
    • Beverage
    • Pharmaceuticals & Cosmetics
    • Others

Industrial lubricants market, by Region:

  • Asia-Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country, additional application, and/or type

Country Information

  • Additional country information (up to three)

Company Information

  • Detailed analysis and profiles of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Market Scope
           1.2.2 Years Considered for the Study
    1.3 Currency
    1.4 Package Size
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Significant Opportunities in Industrial Lubricants Market
    4.2 Industrial Lubricants Market, By Region, 2016–2021
    4.3 Industrial Lubricants Market in Asia-Pacific, By Type, and Country
    4.4 Industrial Lubricants Market Share, By Base Oil
    4.5 Industrial Lubricants Market Attractiveness

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Base Oil
           5.2.2 By Type
           5.2.3 By End-Use Industry
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Massive Industrial Growth in Asia-Pacific and Middle East & Africa
                     5.3.1.2 Rise in Automation in Various End-Use Industries
                     5.3.1.3 Improved Quality of Industrial Lubricants
           5.3.2 Restraints
                     5.3.2.1 High Cost of Synthetic and Bio-Based Lubricants
                     5.3.2.2 Reduction in the Use of Metal Parts By Automakers
                     5.3.2.3 Stringent Environmental Regulations
           5.3.3 Opportunities
                     5.3.3.1 Rising Trends Towards Usage of Bio-Based Industrial Lubricants

6 Industry Trends (Page No. - 50)
    6.1 Introduction
           6.2.1 Raw Materials
           6.2.2 Blending
           6.2.3 Distribution
           6.2.4 End-Use
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2  Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Industry Outlook
           6.4.1 Automotive

7 Industrial Lubricants Market, By Base Oil (Page No. - 58)
    7.1 Introduction
    7.2 Market Size Estimation
    7.3 Mineral Oil
           7.3.1 Asia-Pacific Driving Growth of Mineral Oil for Industrial Lubricants
    7.4 Synthetic Oil
           7.4.1 Increased Industrial Production to Drive Demand for Synthetic-Oil Based Industrial Lubricants Between 2016 and 2021
           7.4.2 Pao
           7.4.3 Pag
           7.4.4 Esters
           7.4.5 Group III (Hydrocracking)
    7.5 Bio-Based Oil

8 Industrial Lubricants Market, By Type (Page No. - 67)
    8.1 Introduction
    8.2 Revenue Pocket Matrix, Type
    8.3 Hydraulic Oil
           8.3.1 Rising Construction Activities to Drive Hydraulic Oil Market for Industrial Lubricants Between 2016 and 2021
           8.3.2 Hl Hydraulic Oil
           8.3.3 Hlp Hydraulic Oil
           8.3.4 Hlp-D Hydraulic Oil
           8.3.5 Fire Resistant Hydraulic Oil
    8.4 Metalworking Fluid
           8.4.1 Growing Automotive Industry is Fueling the Growth of Metalworking Fluid for Industrial Lubricants
           8.4.2 Removal Metalworking Fluid
           8.4.3 Protecting Metalworking Fluid
           8.4.4 Forming Metalworking Fluid
           8.4.5 Treating Metalworking Fluid
    8.5 Gear Oil
           8.5.1 Rust & Corrosion Inhibited Gear Oil
           8.5.2 Compounded Gear Oil
           8.5.3 Extreme Pressure Gear Oil
    8.6 Compressor Oil
           8.6.1 Growing Demand for Screw Compressor Drives Compressor Oil Market for Industrial Lubricants
    8.7 Grease
           8.7.1 Improved Quality of Industrial Greases Acts as A Major Driver of Grease in Industrial Lubricants Market
           8.7.2 Metallic Soap Thickener
                     8.7.2.1 Lithium
                     8.7.2.2 Calcium
                     8.7.2.3 Aluminum
                     8.7.2.4 Sodium
                     8.7.2.5 Other Metallic Soap
           8.7.3 Non-Soap Thickener
           8.7.4 Inorganic Thickener
                     8.7.4.1 Clay
                     8.7.4.2 Silica
           8.7.5 Other Thickeners
    8.8 Turbine Oil
    8.9 Others
           8.9.1 Transformer Oil
           8.9.2 Refrigeration Oil
           8.9.3 Textile Machinery Lubricants

9 Industrial Lubricants Market, By End-Use Industry (Page No. - 84)
    9.1 Introduction
    9.2 Market Size Estimation
    9.3 Revenue Pocket Matrix, By End-Use Industry
    9.4 Construction & Mining
           9.4.1 Rising Demand From Asia-Pacific to Be the Main Driver for the Market in Construction & Mining End-Use Industry
    9.5 Metal Production
           9.5.1 Rising Vehicle Production to Drive the Industrial Lubricants Market in the Metal Production End-Use Industry During Forecast Period
           9.5.2 Transport Equipment
           9.5.3 Primary Ferrous Products
           9.5.4 Primary Non-Ferrous Products
    9.6 Cement Production
           9.6.1 Increasing Construction Activities to Drive the Demand for Industrial Lubricants in Cement Production End-Use Industry During Forecast Period
    9.7 Power Generation
           9.7.1 Rising Demand for Energy to Drive the Demand for Industrial Lubricants in the Power Generation End-Use Industry During Forecast Period
    9.8 General Manufacturing
           9.8.1 Automotive
           9.8.2 Chemical
           9.8.3 Marine
           9.8.4 Oil & Gas
           9.8.5 Textile
           9.8.6 Others
    9.9 Food Processing
           9.9.1 Food
           9.9.2 Bakery
           9.9.3 Sugar
           9.9.4 Dairy
           9.9.5 Meat Poultry & Seafood
           9.9.6 Other Food Industry
           9.9.7 Beverage
           9.9.8 Pharmaceuticals & Cosmetics
           9.9.9 Others

10 Industrial Lubricants Market, By Region (Page No. - 100)
     10.1 Introduction
     10.2 Asia-Pacific
               10.2.1 China
               10.2.2 India
               10.2.3 Japan
               10.2.4 South Korea
               10.2.5 Australia & New Zealand
     10.3 North America
               10.3.1 U.S.
               10.3.2 Canada
               10.3.3 Mexico
     10.4 Europe
               10.4.1 Russia
               10.4.2 Germany
               10.4.3 U.K.
               10.4.4 France
               10.4.5 Italy
               10.4.6 Turkey
     10.5 Middle East & Africa
               10.5.1 Saudi Arabia
               10.5.2 Iran
               10.5.3 Egypt
               10.5.4 UAE
     10.6 South America
               10.6.1 Brazil
               10.6.2 Argentina
               10.6.3 Chile
               10.6.4 Colombia

11 Competitive Landscape (Page No. - 141)
     11.1 Overview
     11.2 Market Share of Key Players
               11.2.1 Royal Dutch Shell PLC.
               11.2.2 Exxonmobil Corporation
               11.2.3 BP P.L.C.
     11.3 Competitive Situation and Trends
               11.3.1 Expansions
               11.3.2 Contracts & Agreements
               11.3.3 Acquisitions
               11.3.4 Joint Ventures
               11.3.5 New Product Launches

12 Company Profiles (Page No. - 150)
     12.1 Introduction
     12.2 Royal Dutch Shell PLC.
               12.2.1 Business Overview
               12.2.2 Products Offered
               12.2.3 Recent Developments
               12.2.4 SWOT Analysis
               12.2.5 MnM View
     12.3 Exxonmobil Corporation
               12.3.1 Business Overview
               12.3.2 Products Offered
               12.3.3 Recent Developments
               12.3.4 SWOT Analysis
               12.3.5 MnM View
     12.4 BP P.L.C.
               12.4.1 Business Overview
               12.4.2 Products Offered
               12.4.3 SWOT Analysis
               12.4.4 MnM View
     12.5 Chevron Corporation
               12.5.1 Business Overview
               12.5.2 Products Offered
               12.5.3 SWOT Analysis
               12.5.4 MnM View
     12.6 Total S.A.
               12.6.1 Business Overview
               12.6.2 Products Offered
               12.6.3 Recent Developments
               12.6.4 SWOT Analysis
               12.6.5 MnM View
     12.7 Petrochina Company Limited
               12.7.1 Business Overview
               12.7.2 Products Offered
     12.8 Sinopec Limited
               12.8.1 Business Overview
               12.8.2 Products Offered
               12.8.3 Recent Developments
     12.9 Lukoil
               12.9.1 Business Overview
               12.9.2 Products Offered
               12.9.3 Recent Developments
     12.10 Fuchs Petrolub AG
               12.10.1 Business Overview
               12.10.2 Products Offered
               12.10.3 Recent Developments
     12.11 Idemitsu Kosan Co. Ltd
               12.11.1 Business Overview
               12.11.2 Products Offered
               12.11.3 Recent Developments
     12.12 List of Additional Companies and Their Products
               12.12.1 Phillips 66 Lubricants (Texas, U.S.)
               12.12.2 Amsoil (Wisconsin, U.S.)
               12.12.3 Bel-Ray Company LLC. (New Jersey, U.S.)
               12.12.4 Morris Lubricants (U.K.)
               12.12.5 Bharat Petroleum (Mumbai, India)
               12.12.6 Penrite Oil (Melbourne, Australia)
               12.12.7 Ultrachem  Inc (U.S.)
               12.12.8 Valvoline (U.S.)
               12.12.9 Peak Lubricants Pty Ltd (Australia)
               12.12.10 Rock Valley Oil and Chemical Co. (Illinois, U.S.)
               12.12.11 Liqui Moly (Ulm, Germany)
               12.12.12 Lubrizol (Ohio, U.S.)
               12.12.13 Indian Oil Corporation (India)
               12.12.14 Eni S.P.A. (Italy)
               12.12.15 Emulsichem Lubricants Pvt. Ltd. (Italy)

13 Appendix (Page No. - 181)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports

List of Tables (120 Tables)

Table 1 Industrial Lubricants Market, By Base Oil
Table 2 Industrial Lubricants Market, By Type
Table 3 Industrial Lubricants Market, By End-Use Industry
Table 4 Annual GDP and Industrial Production Growth Rate of Countries in Asia-Pacific
Table 5 Number of Vehicles Produced, By Country, 2011–2015 (000’ Unit)
Table 6 Industrial Lubricants Market Size, By Base Oil, 2014–2021 (USD Million)
Table 7 Industrial Lubricants Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 8 Mineral-Oil Based Industrial Lubricants Market Size, By Region, 2014–2021 (USD Million)
Table 9 Mineral-Oil Based Industrial Lubricants Market Size, By Region, 2014–2021 (Kiloton)
Table 10 Synthetic Oil-Based Industrial Lubricants Market Size, By Region, 2014–2021 (USD Million)
Table 11 Synthetic Oil Based Industrial Lubricants Market Size, By Region, 2014–2021 (Kiloton)
Table 12 Bio-Based Industrial Lubricants Market Size, By Region, 2014–2021 (USD Million)
Table 13 Bio-Based Industrial Lubricants Market Size, By Region, 2014–2021 (Kiloton)
Table 14 Industrial Lubricants Market Size, By Type, 2014–2021 (USD Million)
Table 15 Industrial Lubricants Market Size, By Type, 2014–2021 (Kiloton)
Table 16 Hydraulic Oil Market Size for Industrial Lubricants, By Region, 2014–2021 (USD Million)
Table 17 Hydraulic Oil Market Size for Industrial Lubricants, By Region, 2014–2021 (Kiloton)
Table 18 Metalworking Fluid Market Size for Industrial Lubricants, By Region, 2014–2021 (USD Million)
Table 19 Metalworking Fluid Market Size for Industrial Lubricants, By Region, 2014–2021 (Kiloton)
Table 20 Gear Oil Market Size for Industrial Lubricants, By Region, 2014–2021 (USD Million)
Table 21 Gear Oil Market Size for Industrial Lubricants, By Region, 2014–2021 (Kiloton)
Table 22 Compressor Oil Market Size for Industrial Lubricants, By Region, 2014–2021 (USD Million)
Table 23 Compressor Oil Market Size  for Industrial Lubricants, By Region, 2014–2021 (Kiloton)
Table 24 Grease Market Size for Industrial Lubricants, By Region, 2014–2021 (USD Million)
Table 25 Grease Market Size for Industrial Lubricants, By Region, 2014–2021 (Kiloton)
Table 26 Turbine Oil Market Size for Industrial Lubricants, By Region, 2014–2021 (USD Million)
Table 27 Turbine Oil Market Size for Industrial Lubricants, By Region, 2014–2021 (Kiloton)
Table 28 Other Industrial Lubricants Market Size, By Region, 2014–2021 (USD Million)
Table 29 Other Industrial Lubricants Market Size, By Region, 2014–2021 (Kiloton)
Table 30 Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 31 Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 32 Industrial Lubricants Market Size in Construction & Mining, By Region, 2014–2021 (USD Million)
Table 33 Industrial Lubricants Market Size in Construction & Mining, By Region, 2014–2021 (Kiloton)
Table 34 Industrial Lubricants Market Size in Metal Production, By Region, 2014–2021 (USD Million)
Table 35 Industrial Lubricants Market Size in Metal Production, By Region, 2014–2021 (Kiloton)
Table 36 Industrial Lubricants Market Size in Cement Production, By Region, 2014–2021 (USD Million)
Table 37 Industrial Lubricants Market Size in Cement Production, By Region, 2014–2021 (Kiloton)
Table 38 Industrial Lubricants Market Size in Power Generation, By Region, 2014–2021 (USD Million)
Table 39 Industrial Lubricants Market Size in Power Generation, By Region, 2014–2021 (Kiloton)
Table 40 Industrial Lubricants Market Size in General Manufacturing, By Region, 2014–2021 (USD Million)
Table 41 Industrial Lubricants Market Size in General Manufacturing, By Region, 2014–2021 (Kiloton)
Table 42 Industrial Lubricants Market Size in Food Processing, By Region, 2014–2021 (USD Million)
Table 43 Industrial Lubricants Market Size in Food Processing, By Region, 2014–2021 (Kiloton)
Table 44 Industrial Lubricants Market Size, By Region, 2014–2021 (USD Million)
Table 45 Industrial Lubricants Market Size, By Region, 2014–2021 (Kiloton)
Table 46 Asia-Pacific: Industrial Lubricants Market Size, By Country, 2014–2021 (USD Million)
Table 47 Asia-Pacific: Industrial Lubricants Market Size, By Country, 2014–2021 (Kiloton)
Table 48 Asia-Pacific: Industrial Lubricants Market Size, By Type, 2014–2021 (USD Million)
Table 49 Asia-Pacific: Industrial Lubricants Market Size, By Type, 2014–2021 (Kiloton)
Table 50 Asia-Pacific: Industrial Lubricants Market Size, By Base Oil, 2014–2021 (USD Million)
Table 51 Asia-Pacific: Industrial Lubricants Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 52 Asia-Pacific: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 53 Asia-Pacific: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 54 China: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 55 China: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 56 India: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 57 India: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 58 Japan: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 59 Japan: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 60 North America: Industrial Lubricants Market Size, By Country, 2014–2021 (USD Million)
Table 61 North America: Industrial Lubricants Market Size, By Country, 2014–2021 (Kiloton)
Table 62 North America: Industrial Lubricants Market Size, By Type, 2014–2021 (USD Million)
Table 63 North America: Industrial Lubricants Market Size, By Type, 2014–2021 (Kiloton)
Table 64 North America: Industrial Lubricants Market Size, By Base Oil, 2014–2021 (USD Million)
Table 65 North America: Industrial Lubricants Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 66 North America: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 67 North America: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 68 U.S.: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 69 U.S.: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 70 Canada: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 71 Canada: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 72 Mexico: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 73 Mexico: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 74 Europe: Industrial Lubricants Market Size, By Country, 2014–2021 (USD Million)
Table 75 Europe: Industrial Lubricants Market Size, By Country, 2014–2021 (Kiloton)
Table 76 Europe: Industrial Lubricants Market Size, By Type, 2014–2021 (USD Million)
Table 77 Europe: Industrial Lubricants Market Size, By Type, 2014–2021 (Kiloton)
Table 78 Europe: Industrial Lubricants Market Size, By Base Oil, 2014–2021 (USD Million)
Table 79 Europe: Industrial Lubricants Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 80 Europe: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 81 Europe: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 82 Russia: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 83 Russia: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 84 Germany: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 85 Germany: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 86 U.K.: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 87 U.K.: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 88 Middle East & Africa: Industrial Lubricants Market Size, By Country, 2014–2021 (USD Million)
Table 89 Middle East & Africa: Industrial Lubricants Market Size, By Country, 2014–2021 (Kiloton)
Table 90 Middle East & Africa: Industrial Lubricants Market Size, By Type, 2014–2021 (USD Million)
Table 91 Middle East & Africa: Industrial Lubricants Market Size, By Type, 2014–2021 (Kiloton)
Table 92 Middle East & Africa: Industrial Lubricants Market Size, By Base Oil, 2014–2021 (USD Million)
Table 93 Middle East & Africa: Industrial Lubricants Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 94 Middle East & Africa: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 95 Middle East & Africa: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 96 Saudi Arabia: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 97 Saudi Arabia: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 98 Iran: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 99 Iran: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 100 Egypt: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 101 Egypt: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 102 South America: Industrial Lubricants Market Size, By Country, 2014–2021 (USD Million)
Table 103 South America: Industrial Lubricants Market Size, By Country, 2014–2021 (Kiloton)
Table 104 South America: Industrial Lubricants Market Size, By Type, 2014–2021 (USD Million)
Table 105 South America: Industrial Lubricants Market Size, By Type, 2014–2021 (Kiloton)
Table 106 South America: Industrial Lubricants Market Size, By Base Oil, 2014–2021 (USD Million)
Table 107 South America: Industrial Lubricants Market Size, By Base Oil, 2014–2021 (Kiloton)
Table 108 South America: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 109 South America: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 110 Brazil: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 111 Brazil: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 112 Argentina: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 113 Argentina: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 114 Chile: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 115 Chile: Industrial Lubricants Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 116 Expansions, 2012–2016
Table 117 Contracts & Agreements, 2012–2016
Table 118 Acquisitions, 2012–2016
Table 119 Joint Ventures, 2012–2016
Table 120 New Product Launches, 2012–2016
  
List of Figures (68 Figures)
 

Figure 1 Industrial Lubricants: Market Segmentation
Figure 2 Industrial Lubricants Market: Research Design
Figure 3 Industrial Lubricants: Data Triangulation
Figure 4 Metalworking Fluid to Be  Fastest-Growing Industrial Lubricants Type During Forecast Period
Figure 5 Construction & Mining to Be Largest Industry in the Industrial Lubricants Market in 2016
Figure 6 Synthetic Oil to Be  Fastest-Growing Base Oil in Industrial Lubricants Market During Forecast Period
Figure 7 Asia-Pacific to Be Fastest-Growing Market of Industrial Lubricants Between 2016 and 2021
Figure 8 Moderate Growth in Industrial Lubricants Market Between 2016 and 2021
Figure 9 Asia-Pacific to Be Largest Market for Industrial Lubricants
Figure 10 China Accounted for  Largest Market Share in Asia-Pacific Industrial Lubricants Market in 2015
Figure 11 Industrial Lubricants Market in Mineral Oil to Account for Largest Share
Figure 12 Massive Industrial Growth in Asia-Pacific to Drive the Industrial Lubricants Market in the Region, During the Forecast Period
Figure 13 Construction & Mining Was Largest Industry in Industrial Lubricants Market in 2015
Figure 14 Industrial Lubricants Market, By Region
Figure 15 Overview of Factors Governing  Industrial Lubricants Market
Figure 16 Value Chain of Industrial Lubricants Market
Figure 17 Porter’s Five Forces Analysis
Figure 18 Asia-Pacific Accounted for Highest Number of Vehicles Produced in 2015
Figure 19 Mineral Oil to Be Largest Base Oil in Industrial Lubricants Market Between 2016 and 2021
Figure 20 Asia-Pacific is Projected to Be Largest Mineral Oil Market for Industrial Lubricants Between 2016 and 2021
Figure 21 North America Projected to Be Second-Largest Synthetic Oil Market for Industrial Lubricants Between 2016 and 2021
Figure 22 North America Projected to Be Largest Bio-Based Oil Market for Industrial Lubricants Between 2016 and 2021
Figure 23 Hydraulic Oil to Dominate Industrial Lubricants Market Between 2016 and 2021
Figure 24 Revenue Pocket Matrix: By Type
Figure 25 Asia-Pacific to Be Largest Hydraulic Oil Market for Industrial Lubricants During Forecast Period
Figure 26 North America to Be Second-Largest Metalworking Fluid Industrial Lubricants Market  Between 2016 and 2021
Figure 27 Asia-Pacific to Be Largest Gear Oil Market for Industrial Lubricants Between 2016 and 2021
Figure 28 Europe to Be Third-Largest Compressor Oil Market for Industrial Lubricants Between 2016 and 2021
Figure 29 Asia-Pacific to Be Largest Grease Market for Industrial Lubricants Between 2016 and 2021
Figure 30 Asia-Pacific to Be Largest Turbine Oil Market for Industrial Lubricants Between 2016 and 2021
Figure 31 North America to Be Second-Largest Market for Other Industrial Lubricants Between 2016 and 2021
Figure 32 Construction & Mining to Be the Largest End-Use Industry of Industrial Lubricants Between 2016 and 2021
Figure 33 Revenue Pocket Matrix: By End-Use Industry
Figure 34 North America to Be the Second-Largest Industrial Lubricants Market in the Construction & Mining End-Use Industry Between 2016 and 2021
Figure 35 Asia-Pacific to Be the Largest Industrial Lubricants Market in the Metal Production End-Use Industry Between 2016 and 2021
Figure 36 North America to Be the Second-Largest Market for Industrial Lubricants in the Cement Production End-Use Industry Between 2016 and 2021
Figure 37 Asia-Pacific to Be the Largest Market for Industrial Lubricants in the Power Generation End-Use Industry Between 2016 and 2021
Figure 38 Asia-Pacific to Be the Largest Market for Industrial Lubricants in the General Manufacturing End-Use Industry Between 2016 and 2021
Figure 39 North America to Be the Second-Largest Market for Industrial Lubricants in the Food Processing End-Use Industry Between 2016 and 2021
Figure 40 China and India are Emerging Markets for Industrial Lubricants
Figure 41 Asia-Pacific Market Snapshot: China Dominates the Industrial Lubricants Market in Asia-Pacific
Figure 42 South Korea: Industrial Lubricants Market Size, 2014–2021
Figure 43 Australia & New Zealand: Industrial Lubricants Market Size, 2014–2021
Figure 44 North America Market Snapshot: U.S. Dominates the Industrial Lubricants Market
Figure 45 Europe Market Snapshot: Turkey to Register the Highest CAGR During the Forecast Period
Figure 46 France: Industrial Lubricants Market Size, 2014–2021
Figure 47 Italy: Industrial Lubricants Market Size, 2014–2021
Figure 48 Turkey: Industrial Lubricants Market Size, 2014–2021
Figure 49 UAE: Industrial Lubricants Market Size, 2014–2021
Figure 50 Colombia: Industrial Lubricants Market Size, 2014–2021
Figure 51 Expansion is  Most Preferred Growth Strategy Adopted By Major Players Between 2012 and 2016
Figure 52 Key Growth Strategies in Industrial Lubricants Market, 2012–2016
Figure 53 Industrial Lubricants Market Share, By Company, 2015
Figure 54 Royal Dutch Shell PLC.: Company Snapshot
Figure 55 Royal Dutch Shell PLC.: SWOT Analysis
Figure 56 Exxonmobil Corporation: Company Snapshot
Figure 57 Exxonmobil Corporation: SWOT Analysis
Figure 58 BP P.L.C.: Company Snapshot
Figure 59 BP P.L.C.: SWOT Analysis
Figure 60 Chevron Corporation: Company Snapshot
Figure 61 Chevron Corporation: SWOT Analysis
Figure 62 Total S.A.: Company Snapshot
Figure 63 Total S.A.: SWOT Analysis
Figure 64 Petrochina Company Limited: Company Snapshot
Figure 65 Sinopec Limited: Company Snapshot
Figure 66 Lukoil: Company Snapshot
Figure 67 Fuchs Petrolub AG: Company Snapshot
Figure 68 Idemitsu Kosan Co. Ltd: Company Snapshot 

The global industrial lubricants market was valued at USD 57.09 Billion in 2016, and is projected to reach USD 64.48 Billion by 2021, at a CAGR of 2.5% from 2016 to 2021. The massive industrial growth in Asia-Pacific and the Middle East & Africa, coupled with the rise in process automation in most of the industries are key factors driving the industrial lubricants market.

The global industrial lubricants market is segmented on the basis of type, namely, hydraulic oil (HL hydraulic oil, HLP hydraulic oil, HLP-D hydraulic oil, and fire-resistant hydraulic oil), metalworking fluid (removal, forming, treating and protecting), gear oil (rust & corrosion inhibited gear oil, compounded gear oil, and extreme pressure gear oil), compressor oil, grease (metallic soap thickener, non-soap thickener, and inorganic thickener), turbine oil, and others (transformer oil, refrigeration oil, and textile machinery lubricants). Hydraulic oil is expected to lead the global industrial lubricants market during the forecast period, followed by metalworking fluid. The dominance of hydraulic oil is mainly due to its low cost as compared to the other types and its demand from construction & mining industry. The metalworking fluid segment is expected to grow at the highest CAGR from 2016 to 2021. The growth is mainly attributed to the rising demand for metal in the automotive industry

On the basis of base oil, the global industrial lubricants market is classified into mineral oil, synthetic oil (PAO, PAG, esters, and group III), and bio-based oil. Mineral oil is the largest segment of the industrial lubricants market. This is majorly attributed to its easy availability and low cost. However, the synthetic oil expected to register the highest CAGR during the forecast period mainly due to its advance properties.

Based on end-use industry, the market is segmented into construction & mining, metal production (transport equipment, primary ferrous products, and primary non-ferrous products), cement production, power generation, general manufacturing (automotive, chemical, marine, oil & gas, textile, and others), and food processing (food, beverage, pharmaceuticals & cosmetics, and others). The demand for industrial lubricants is high in the construction & mining industry due to the rising construction activities especially in the residential sector in China and the rising infrastructural developments in India.

The global industrial lubricants market is segmented on the basis of regions such as Asia-Pacific, Europe, North America, Middle East & Africa, and South America. Asia-Pacific is the largest as well as fastest-growing market for industrial lubricants. The high growth of the emerging economies and the increasing disposable income in the region make Asia-Pacific an attractive market for industrial lubricant manufacturers. The tremendous growth of industrial production, and increased trade, are primarily responsible for the high consumption of industrial lubricants.

Industrial Lubricants Market

High cost of synthetic and bio-based industrial lubricants is the major factor restraining the growth of the global industrial lubricants market.

Some of the key players in the global industrial lubricants market are, ExxonMobil Corporation  (U.S.), Royal Dutch Shell Plc. (Netherlands), Chevron Corporation (U.S.), BP p.l.c. (U.K.), Total S.A. (France), Petrochina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), Idemitsu Kosan Co. Ltd  (Japan), and others.

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