Fire Resistant Lubricants Companies

In terms of value, the fire-resistant lubricants market is estimated to grow from USD 2.20 billion in 2024 to USD 2.73 billion by 2030, at a CAGR of 3.74%. The metal processing sector represents the largest end-use industry in the fire-resistant lubricants market. This dominance is led by the industry’s high exposure to extreme temperatures, heavy machinery operations, and fire hazards, which make the use of specialized lubricants essential for operational safety and equipment reliability. Fire-resistant lubricants are essential in processes like steel production, forging, casting, and rolling, where conventional lubricants would be extremely risky in terms of causing fires. The continuous growth in the development of global infrastructure, automobile manufacturing, and industrial production further solidifies the need for fire-resistant lubricants in the metal processing industry.

Fire-resistant Lubricants Companies

The key players profiled in the report include TotalEnergies SE (France), Quaker Chemical Corporation (US), Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), China Petroleum & Chemical Corporation (China), Phillips 66 (US), LANXESS AG (Germany), FUCHS SE (Germany), and MORESCO Corporation (Japan). These players have adopted various growth strategies to strengthen their position in the market. These include introducing new technologies, expansions, acquisitions, and product launches to acquire larger market shares.

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TotalEnergies SE is a leading player in the fire-resistant lubricants market with a wide range of product offerings. The company operates through five segments: Refining & Chemicals, Integrated Power, Integrated LNG, Marketing & Services, and Exploration & Production. It offers fire-resistant lubricants through the Marketing & Services business segment. The company manufactures a diverse range of fire-resistant lubricants for mining, construction, metal processing, power generation, aerospace, and other industries. In March 2021, TotalEnergies SE announced the launch of a new fire-resistant hydraulic fluid named Hydransafe HFC-E, which reduces fire hazards in underground mines and delivers high equipment reliability. The company has developed 16 refineries (including one biorefinery), 26 petrochemical sites, 84 specialty chemicals production sites, and 37 production sites for lubricants and greases. The company has a presence in over 130 countries across the Asia Pacific, Europe, North America, South America, and the Middle East & Africa.

Quaker Chemical Corporation develops, produces, and markets a wide range of formulated chemical specialty products and offers chemical management services for various heavy manufacturing and industrial applications. It is the global leader in industrial process fluids. Quaker Chemical Corporation’s common stock is listed on the New York Stock Exchange under the trading symbol KWR. The company operates its business through three segments, namely, the Americas; Europe, the Middle East, and Africa; (EMEA); and the Asia Pacific. It offers fire-resistant lubricants through all the segments. The company’s products find applications in advanced and specialized steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies. In July 2022, the company announced a collaboration with SKF Group to combine SKF Group’s Double Separation Technology (DST) with Quaker Chemical Corporation’s industrial oils & fluids to enable the industry to utilize its resources more efficiently. The company has operations in over 25 countries in North America, South America, Europe, the Middle East & Africa, and the Asia Pacific.

The market for fire-resistant lubricants is competitive, with five major players accounting for around 45–50% of the market share at the global level. TotalEnergies SE is the leading player in the segment with its wide range of fire-resistant lubricants and wide integration in end-use industries like metal processing, mining, power generation, aerospace, construction, and marine. Quaker Chemical Corporation enjoys a robust market position with its focus on fire-resistant lubricants and its global supply operations, especially in North America. Shell plc remains on an upward growth trajectory by expanding its base through strategic acquisitions and market expansion. Exxon Mobil Corporation and BP p.l.c. also have strong positions with new-generation fire-resistant lubricants. The other players, comprising regional small-scale manufacturers and specialty lubricant firms, accounted for 50–55% of the market. Market competition is driven by technological developments in fire-resistant products, the rising demand for sustainable and durable materials, and the expanding application of fire-resistant lubricants in metal processing, power generation, mining, and other end-use industries in emerging economies.

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Fire-resistant Lubricants Market by Type (HFA, HFB, HFC, HFDU, and HFDR), End-use Industry (Metal Processing, Mining, Power Generation, Aerospace, Marine, Construction, and Other End-use Industries), and Region - Global Forecast to 2030