1. Market Research
  2. > Chemical Market Trends
Industrial Lubricants Market by Base oil, Product Type, End-use Industry, Region - Global Forecast to 2024

Industrial Lubricants Market by Base oil, Product Type, End-use Industry, Region - Global Forecast to 2024

  • October 2019
  • 218 pages
  • ID: 4794248
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

The global industrial lubricants market is projected to record a CAGR of 3.1% during the forecast period.
The global industrial lubricants market size is projected to reach USD 73.3 billion by 2024 from USD 62.8 billion in 2019, at a CAGR of 3.1%. The growth is primarily due to the massive industrial growth in APAC and the Middle East & Africa, coupled with the rise in process automation in most of the industries. The factors restraining the growth of this market are the high cost of synthetic and bio-based industrial lubricants.

Mineral oil was the largest segment of the industrial lubricants market.
Mineral oil was the largest segment in the global industrial lubricants industry in 2018.The easy availability and low cost of mineral oil-based industrial lubricants are expected to drive the industrial lubricants market in the apparel application.

Moreover, this segment is driven by the growing demand from APAC and the Middle East & Africa. However, the mineral oil-based lubricants segment in North America and Europe will register low growth due to the slow economic growth and change in demand patterns.

Hydraulic fluid to be the largest type segment in the global industrial lubricants market.
Hydraulic fluid was the largest segment in the global industrial lubricants industry, by product type in 2018.Its low cost mainly increases the demand for hydraulic fluids as compared to other product types, coupled with the rising demand from the construction industry.

However, the metalworking fluid segment is projected to grow at the highest CAGR during the forecast period. This high growth is majorly attributed to the rising demand for metal in the automotive industry.

Construction was the largest end-use industry in the global industrial lubricants market.
The need for industrial lubricants is high in the construction industry. The rising construction activities, especially in the residential sector of China and the increasing infrastructural developments in India, are expected to fuel the demand for industrial lubricants in the construction industry.

APAC is expected to be the fastest-growing market during the forecast period, in terms of both volume and value.
APAC is the largest industrial lubricants market.The high growth of the emerging economies and the increasing disposable income in the region make APAC an attractive market for industrial lubricants.

The tremendous growth of industrial production and increased trade are primarily responsible for the high consumption of industrial lubricants. This is driving the industrial lubricants market.
• By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%
• By Designation: C-Level - 23%, Director Level - 37%, and Others - 40%
• By Region: North America - 32%, Europe - 21%, APAC - 28%, South America - 12%, Middle East & Africa - 7%

The key players profiled in the report include as Royal Dutch Shell (theNetherlands), ExxonMobil (US), BP p.l.c. (UK), Chevron Corporation (US), Total S.A. (France), PetroChina Company Limited (China), Idemitsu Kosan Co. Ltd. (Japan), Sinopec Limited (China), Fuchs Petrolub AG (Germany), Valvoline (US), Lukoil (Russia), Petronas (Malaysia), Gazprom Neft (Russia), Pertamina (Indonesia), and others.

Research Coverage
This report segments the market for industrial lubricants based on base oil, product type, end-use industry, and region, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies associated with the market for industrial lubricants.

Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the industrial lubricants market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on industrial lubricants offered by top players in the global market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for industrial lubricants across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global industrial lubricants market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the industrial lubricants market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Concrete Superplasticizers Market by Type, Application And Region - Global Forecast to 2024

Concrete Superplasticizers Market by Type, Application And Region - Global Forecast to 2024

  • $ 4950
  • December 2019

The concrete superplasticizers market is projected to register a CAGR of 7.4%, by value, between 2019 and 2024.The global high concrete superplasticizers market size is estimated to be USD 5.1 billion ...

Composites Market by Fiber Type, Resin Type, Manufacturing Process, End-use Industry and Region - Global Forecast to 2024

Composites Market by Fiber Type, Resin Type, Manufacturing Process, End-use Industry and Region - Global Forecast to 2024

  • $ 4950
  • December 2019

The composites market is projected to register a CAGR of 7.7% during the forecast period.The global composites market size is projected to grow from USD 90.6 billion in 2019 to USD 131.6 billion by 2024, ...

Lubricants Market by Base Oil, Product Type, Application, Region - Global Forecast to 2024

Lubricants Market by Base Oil, Product Type, Application, Region - Global Forecast to 2024

  • $ 4950
  • October 2019

Global lubricants market projected to grow at a CAGR of 2.7% during the forecast period.The global lubricants market size is projected to reach USD 188.0 billion by 2024 from USD 164.3 billion in 2019, ...

Pentaerythritol Markets in China $ 4000 September 2019


ref:plp2019

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on