Metric analysis

Industrial Lubricants Market Size to Grow by 0.89 Million Metric Tons | Increase in demand from end-user industries to drive market growth

Key Market Dynamics:

  • market engine
  • Market challenges

the growing demand from end user industries is driving the growth of the market. The market is driven by construction, steel and cement, wind power, agriculture, mining and petroleum, marine and aerospace industries. In the construction industry, industrial lubricants are used in different types of construction equipment. In the steel and cement industry, industrial lubricants are used to increase the intervals for draining or regreasing equipment. In the marine industry, lubricants are used to prevent overheating, rusting and friction. In the aerospace sector, lubricants are used because of their excellent lubricity, anti-wear properties, resistance to fuels and oxidants, and anti-corrosion properties.

the weak global economic outlook will challenge the industrial lubricants market over the forecast period. The global industrial lubricants market depends on the manufacturing and industrial sectors. However, the growth of these industries depends on the global economy. Another factor likely to jeopardize the growth of the world economy is the sustained level of deflation observed in the developed countries. The major economies that experience longer durations of negative inflation are the United States, Japanand those of the euro zone.

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Market segmentation

The Industrial Lubricants market report is segmented by volume (mineral oil-based lubricants, synthetic lubricants and bio-based lubricants) and geographical (APAC, Europe, North AmericaAME and South America). APAC will be the leading region with 58% of the market growth during the forecast period. China, Indiaand Japan are the major markets for industrial lubricants in APAC.

In volume, growth in the market share of mineral oil lubricants segment will be prominent during the forecast period. Mineral oil-based lubricants are further classified into paraffinic mineral oil-based lubricants, naphthenic mineral oil-based lubricants, and aromatic mineral oil-based lubricants. These lubricants are derived from crude oil through distillation, solvent extraction and cracking processes. They are used as engine oils in manufacturing industries and as process oils in the rubber, textile and paper industries.

See our sample report for additional information on the contribution of all segments and regional opportunities in the report.

Some companies mentioned

    • BP S.A.
    • China National Petroleum Corp.
    • Exxon Mobil Corp.
    • FUCHS PETROLUB SE
    • Idemitsu Kosan Co. Ltd.
    • Indian Oil Corp. ltd.
    • Oil and Natural Gas Corp. ltd.
    • PJSC LUKOIL
    • Royal Dutch Shell Plc
    • Total SA
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Scope of the industrial lubricants market

Report cover

Details

Page number

120

Year of reference

2019

Forecast period

2020-2024

Growth momentum and CAGR

Accelerate at a CAGR of 2%

Market Growth 2020-2024

0.89 min MT

Market structure

Fragmented

Annual growth (%)

(33.62)

Regional analysis

APAC, Europe, North America, MEA and South America

Successful market contribution

APAC 58%

Main consumer countries

China, USA, India, Japan and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

BP Plc, China National Petroleum Corp., Exxon Mobil Corp., FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., Oil and Natural Gas Corp. Ltd., PJSC LUKOIL, Royal Dutch Shell Plc, and Total SA

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market Outlook: Forecast for 2019 – 2024

Five forces analysis

  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market Segmentation by Product by Volume

  • Market segments
  • Comparison by Product in volume
  • Mineral Oil Based Lubricants – Market size and forecast 2019-2024
  • Synthetic Lubricants – Market size and forecast 2019-2024
  • Bio-based lubricants – Market size and forecast 2019-2024
  • Market Opportunity by Product by Volume

Customer landscape

Geographical landscape in volume

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Competitive scenario
  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • BP S.A.
  • China National Petroleum Corp.
  • Exxon Mobil Corp.
  • FUCHS PETROLUB SE
  • Idemitsu Kosan Co. Ltd.
  • Indian Oil Corp. ltd.
  • Oil and Natural Gas Corp. ltd.
  • PJSC LUKOIL
  • Royal Dutch Shell Plc
  • Total SA

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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