Industrial Lubricants Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[190+ Pages Report] According to the report published by Facts Factors, the global industrial lubricants market size was worth around USD 71.50 billion in 2022 and is predicted to grow to around USD 88.50 billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.09% between 2023 and 2030. The report analyzes the global industrial lubricants market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the industrial lubricants market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the industrial lubricants industry. The report analyzes and declares the historical and current trends analysis of the industrial lubricants industry and subsequently recommends the projected trends anticipated to be observed in the industrial lubricants market during the upcoming years.

The industrial lubricant market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire industrial lubricant market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of both volumes (Units) and value (USD Billion) from FY 2020 – 2030.

Key Insights from Primary Research

• As per our primary respondents, industrial lubricants market is set to grow annually at a rate of around 3.09%
• It was established through primary research that industrial lubricants market was valued at around USD 71.50 billion in 2022
• In terms of application, the manufacturing segment holds the largest market share in the global industrial lubricants market.
• The “process oil” category, on the basis of type segmentation, was the leading revenue-generating category accounting in 2022
• According to primary research, the  industrial lubricants market is expected to reach more than USD 88.50 billion by 2030

Key Recommendations from Analysts

• As per our analysts, the global industrial lubricants market is expected to grow significantly over the forecast period.
• Our team of analysts has identified that rise developments in the automotive sector is boosting the growth of the market.
• In recent years, increasing drilling activities in oilfield chemicals is driving the global industrial lubricants market.
• In the coming years, the Asia Pacific will be the fastest-growing sector owing to the rise in the construction industry.
• Overall, the global industrial lubricants market has the potential to grow owing to rapid technological advancement in display technologies.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the industrial lubricant industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the industrial lubricants industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the industrial lubricant market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the industrial lubricants industry. The industrial lubricant market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the industrial lubricants sector. Key strategic developments in the industrial lubricants market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the industrial lubricants market are appropriately highlighted in the report.

The rise in urbanization and industrialization worldwide will supplement the growth of the industrial lubricant market. For instance, as per the Civil Aviation Administration of China, the governments are planning to build numerous airports in 2022. Simultaneously, the Indian government planned to set up 5000 compressed biogas plants by 2023. Furthermore, the South African government announced $1.0 billion of investments to expand the oil industry. Thereby, certain factors are contributing to the growth of the industrial lubricant market.

The industrial lubricants market research report delivers an acute valuation and taxonomy of the Industrial Lubricants industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

Report Scope

The regional segmentation of the Industrial Lubricants industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the industrial lubricants industry is provided for the leading economies of the world.

The industrial lubricant market is segmented based on Type and Application. In terms of type, the global industrial lubricants market is categorized into process oils, general industrial oils, metalworking fluids, and industrial engine oils among others. Based on application, the global digital signage market is bifurcated into textiles, energy, metalworking, food processing, chemical manufacturing, and hydraulic among others. 

Some of the leading players in the global market include

• BP PLC
•  Exxon Mobil Corp
•  LUKOIL PJSC
•  TOTAL SA
•  Royal Dutch Shell
•  Valvoline Inc
•  Indian oil corp
•  PETRONAS and chevron corp

The taxonomy of the Industrial Lubricants industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Process Oils
• General Industrial Oils
• Metalworking Fluids
• Industrial Engine Oils
• Others

By Application Segmentation Analysis

• Textiles
• Energy
• Metalworking
• Food Processing
• Chemicals Manufacturing
• Hydraulic
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa