Industrial Lubricants Market Information Report by Type (Hydraulic Lubricants, Compressor Lubricants

Industrial Lubricants Market Research Report - Global Forecast till 2027

Industrial Lubricants Market Research Report - Global Forecast till 2024

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Industrial Lubricants Market Research Report - Global Forecast till 2027 1 mary

Sum

The global industrial lubricants market expects a CAGR of 2.4% by the end of 2022 and had an approximate industrial lubricants market size of USD 56.87 million at the end of 2016. The primary function of industrial lubricants is to reduce friction in the machinery and its parts. These act by displacing the solid surfaces with the film of a fluid, thereby reducing the friction and increasing the efficiency of the machines.

Key Players: The industrial lubricants market can be divided into two major segments, namely: 

Based on type



Based on the end-user

Based on the type: Based on the types of lubricants used in industries, the industrial lubricants market can be divided into the following subcategories: 

Compressor lubricants



Metalworking lubricants



Gear lubricants



Hydraulic lubricants



Others

Key Players: The major industrial lubricants market manufacturers include ExxonMobil Corporation (U.S.), Idemitsu Kosan Co. Ltd (Japan), Royal Dutch Shell Plc. (The Netherlands), ExxonMobil Corporation (U.S.), Fuchs Petrolub AG (Germany), Chevron Corporation (U.S.), LUKOIL (Russia), BP p.l.c. (U.K.), Sinopec Limited (China), Total S.A. (France), and Petrochina Company Limited (China) Regional Analysis: Geographically, maximum consumer of caprolactam market is in Asia-Pacific followed by Europe and all of them contributes greatly in the growth of the market. North-America are facing sluggish market growth rate. Growth of caprolactam market is Asia Pacific is maximum due to the growing use of caprolactam for various applications along with macroeconomic growth of textile and automotive industry in the region.

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Industrial Lubricants Market Research Report - Global Forecast till 2027

Page |3

Copyright © 2017 Market Research Future.

Industrial Lubricants Market Research Report - Global Forecast till 2027

Page |4

Copyright © 2017 Market Research Future.

Industrial Lubricants Market Research Report - Global Forecast till 2027

Page |5

Copyright © 2017 Market Research Future.