Product Overview

Lubricants refer to any material which aids to reduce friction between surfaces connected mutually. Lubricants avoid corrosion when applied on both inner and outer surfaces. Industrial lubricant is a mixture of components such as liquid, fluid, and greases used to reduce binding and friction and also to lessen the wear and tear of substances. Industrial lubricants contain emulsions, mineral oils, synthetic lubricants, or petroleum. Industrial lubricants can be solid, semi-solid, fluid, or plastic material. They have an organic or inorganic base. It is used for the lubrication of all types of products related to industrial machines including turbines, hydraulic systems, open and closed gears, compressors, industrial transmission, and pneumatic tools. They enhance the performance and efficiency of machinery and offer them a longer life. They are primarily used in automotive, aerospace, marine, and military services.

Market Highlights

Global Industrial Lubricants market is expected to project a notable CAGR of 3.75% in 2030.

Global Industrial Lubricants market to surpass USD 93.1 billion by 2030 from USD 64.4 billion in 2020 at a CAGR of 3.75% throughout the forecast period, i.e., 2021-30. Global industrial lubricant market is estimated to grow due to its growing demand in the automotive and construction industry. Furthermore, to improve the engine quality and to regulate the vehicle emission standards the demand for industrial lubricants is rising as a result of which the market is anticipated to grow in the coming years.

Recent Highlights in Global Industrial Lubricants Market

In July 2019, ExxonMobil inaugurated a high-performance lubricant Mobil Pegasus™ 610 Ultra which will help the company to enlarge its business and increase the company profit.

In 2017, Group Renault and BP decided to expand their partnership so that they can increase their share in the market. It will be affected from January 1, 2020.

Global Industrial Lubricants Market: Segments

Synthetic oil-based segment to grow with the highest CAGR during 2021-30

Global Industrial Lubricants market is segmented by base oil into bio-based oil, mineral oil lubricants, synthetic oil lubricants. The synthetic Oil-based segment held the largest market share in the year 2020. Synthetic oil lubricants provide high performance in harsh conditions and can be modified according to the need. Also, they are chemical resistant and have high shear stability.

Hydraulic Segment to grow with the highest CAGR during 2021-30

Global Industrial Lubricants market is distributed by type into grease, gear lubricants, hydraulic lubricants, compressor lubricants, turbine lubricants, metalworking fluids, and others. Hydraulic Segment held the largest market share in the year 2020 owing to its exceptional properties. Hydraulic lubricants are cost-effective as compared to other types of lubricants. as a result, its demand is mounting from the construction industry.

Automotive segment to grow with the highest CAGR during 2021-30

Global Industrial Lubricants market is bifurcated by end-users into marine, automotive, industrial, transportation, textiles, chemicals, power generation, mining, food processing, and others. The automotive segment held the largest market share in the year 2020 and will continue to dominate the market throughout the forecast period because of the escalating demand for vehicles by customers. Industrial lubricants are required for the effective functioning of machines and to prevent failure of equipment.

Market Dynamics

Drivers

High Demand from Various End-User Industry

Wide application of lubricants in several industries such as mining, automobiles, construction, metal forming, plastic, and machining is projected to grow the market over the forecasting period. lubricants are used in the food processing industry to lubricate machines including mixers, conveyors, slicers, sifters, bottle washers. The construction industry is the principal end-user of industrial lubricants. With the growing infrastructure development, the demand for industrial lubricants is anticipated to fuel.

Increasing Demand for Grease

To continue the smooth working of machineries in industries the demand for grease is increasing which is propelling the market growth. Apart from that grease protects the component from rust and corrosion and acts as a seal to prevent water and dirt.

Restraint

Environmental Regulations

Industrial lubricants are hazardous for the environment as some of them are the byproducts of petrochemicals which leads to water pollution after being disposed of in the water. Moreover, the government is imposing bans on the usage of synthetic lubricants which is expected to hamper the global industrial lubricants market.

Global Industrial Lubricants Market: Key Players

Royal Dutch Shell

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

ExxonMobil

FUCHS

Shell plc

Chevron U.S.A. Inc.

BP p.l.c.

PetroChina Company Limited

BASF SE

KMG Chemicals

Eni S.p. A

Quaker Chemical Corporation

PETRONAS Lubricants International

Other Prominent Players

Global Industrial Lubricants Market: Regions

Global Industrial Lubricants market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.

Global Industrial Lubricants market in Asia Pacific held the largest market share in the year 2019. Asia Pacific will continue to dominate the global Adhesives market due to rapid industrialization and increasing population. Innovation in industrial machinery is projected to grow the market in this region. The automotive and manufacturing sector is growing rapidly in Asia pacific that is spurring the demand for lubricants.

Global Industrial Lubricants market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Industrial Lubricants market report also contains analysis on:

Industrial Lubricants market Segments:

By Base Oil

Bio-based oil

Mineral Oil Lubricants

Synthetic Oil Lubricants

By Type

Grease

Gear Lubricants

Hydraulic lubricants

Compressor Lubricants

Turbine Lubricants

Metal Working Fluids

Others

By End-User

Marine

Automotive

Industrial

Transportation

Textiles

Chemicals

Power Generation

Mining

Food Processing

Construction Industry

Others

Global Industrial Lubricants market Dynamics

Global Industrial Lubricants market size

Supply & Demand

Current Trends / Issues/ Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Industrial Lubricants Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Industrial Lubricants Market Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Global Industrial Lubricants Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global Industrial Lubricants Market: Market Segmentation

12.1. By Regions

12.1.1. North America:(U.S. and Canada), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Base Oil: Market Share (2019-2030F)

12.2.1. Bio based oil, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-20

12.2.2. Mineral Oil Lubricants , By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. Synthetic Oil Lubricants, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3. By Type: Market Share (2019-2030F)

12.3.1. Grease, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Gear Lubricants, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. Hydraulic lubricants, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.4. Compressor Lubricants, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.5. Turbine Lubricants, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.6. Metal Working Fluids, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.7. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4. By End Users: Market Share (2019-2030F)

12.4.1. Automotive, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. Marine, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.3. Industrial, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.4. Transportation, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.5. Textiles, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.6. Chemicals, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.7. Power Generation, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.8. Mining, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.9. Food Processing, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.10. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13 Company Profile

13.1. Royal Dutch Shell

13.1.1. Company Overview

13.1.2. Company Total Revenue (Financials)

13.1.3. Market Potential

13.1.4. Global Presence

13.1.5. Key Performance Indicators

13.1.6. SWOT Analysis

13.1.7. Product Launch

13.2. ExxonMobil

13.3. FUCHS

13.4. Shell plc

13.5. Chevron U.S.A. Inc.

13.6. BP p.l.c.

13.7. PetroChina Company Limited

13.8. BASF SE

13.9. KMG Chemicals

13.10. Eni S.p.A

13.11. Quaker Chemical Corporation

13.12. PETRONAS Lubricants International

13.13. Other Prominent Players

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)