Global industrial lubricants market

Global Industrial Lubricants Market - Forecasts from 2018 to 2023

DESCRIPTION The global industrial lubricants market is projected to witness a CAGR of 2.67% during the forecast period to reach the total market size of US$71.413 billion by 2023, increasing from US$60.964 billion in 2017. Rapid industrialization in emerging economies, increase in process-automation in manufacturing units, rising demand for automobiles and increased trade are some of the major factors driving the global industrial lubricants market. The automation of manufacturing units leads to an increase in efficiency and productivity of machines which further increases the machinery run time resulting in a higher demand for industrial lubricants to prevent equipment failure. However, strict environmental regulation acts as a major restraint in the industrial lubricants market.

By Base oil On the basis of base oil, the industrial lubricants market can be segmented into mineral oil lubricants, bio-based oil lubricants, and synthetic oil lubricants. Synthetic oil lubricants contribute to a significant share in the market owing to its high performance in extreme conditions and better viscosity index. However, the major demerit of the synthetic oil lubricants is its high costs and their environmental implications. Mineral oil lubricants are least expensive and are derived from crude oil. The growing environmental concerns and increasing depletion of crude oil resources have led to an increased demand for bio-based oil lubricants which are expected to have a lighter environmental footprint.

By Type By type, the global industrial lubricants market can be segmented as grease, gear lubricants,

hydraulic

lubricants,

compressor

lubricants,

turbine

lubricants,

metalworking fluids, and others. Increased consumption of metal in the automotive industry has resulted in a growth of metalworking fluids. Compressor lubricants are widely used in manufacturing facilities to cool, seal and lubricate internal components of machinery. There has also been an increase in the use of grease in the mining industry. The rising industrial base will fuel the demand for industrial lubricants.

By Industry Global Industrial Lubricants Market - Forecasts from 2018 to 2023

On the basis of industry, the industrial lubricants market can be segmented into Marine, Automotive, Industrial, Transportation, Textiles, Chemicals, Power Generation, Mining, Food processing and others. Rising demand for low viscosity fluid in the automotive sector has resulted in an increased demand for grease in industries to maintain smooth functioning of machinery. Power generation industry is also expected to witness a boost in growth due to rise in demand for energy globally. Chemical manufacturing sector involves a significant application of industrial lubricants due to the demand for nonreactive and sustainable processing fluids. To replace conventional lubricants the transportation industry is increasingly adopting bio-based lubricants. The shift can be primarily attributed to stringent vehicle emission regulations.

By Geography Asia Pacific region along with middle east and Africa are the fastest growing economies in the industrial lubrication market. Rising population, increasing disposable income, rising awareness and demand for superior quality products will increase the demand for industrial lubricants in these regions. Various initiatives are being adopted in emerging economies like India and China to improve engine quality, to regulate vehicle emission standards and thus to move towards more environmentally friendly products.

North America and Europe serve as mature markets and thereby present various opportunities in research and development.

Competitive Landscape The global industrial lubricants market is competitive owing to the presence of well diversified international, regional and local players. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.

Some of the major players discussed in the report are ExxonMobil Corporation, Royal Dutch Shell Plc, Total, and BP Plc among others.

Segmentation The global industrial lubricants market has been segmented by base oil, by type, by end users, and by geography.

Global Industrial Lubricants Market - Forecasts from 2018 to 2023

 By Base oil o Bio based oil lubricants o Synthetic oil lubricants o Mineral oil lubricants

 By Type o Grease o Gear Lubricants o Hydraulic lubricants o Compressor lubricants o Turbine lubricants o Metal working fluids o Others (Processing oils, Textile machinery oils)

 By End User o Marine o Automotive o Industrial o Transportation o Textiles o Chemicals o Power generation o Mining o Food processing o Others

 By Geography o North America  United States  Canada

Global Industrial Lubricants Market - Forecasts from 2018 to 2023

 Mexico  Others o Europe  Germany  France  Italy  Spain  UK  Others o Asia Pacific  India  China  Japan  Australia  Others o Middle East and Africa  Saudi Arabia  UAE  Israel  Others o South America  Brazil  Argentina  Others

Key questions answered by the report  What will be the Global Industrial Lubricants Market size from 2018 to 2023?

Global Industrial Lubricants Market - Forecasts from 2018 to 2023

 How are the major drivers and restraints affecting the global industrial lubricants market and the opportunities which exist for key vendors?  Which segment and region will drive or lead the market growth and why?  A comprehensive analysis of competitive landscape and key market participants’ behaviour  Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth

Global Industrial Lubricants Market - Forecasts from 2018 to 2023

TABLE OF CONTENTS 1. Introduction 1.1. Market Definition 1.2. Scope of the Study 1.3. Currency 1.4. Assumptions 1.5. Base, and Forecast Years Timeline 2. Research Methodology 2.1. Research Design 2.2. Secondary Sources 2.3. Validation 3. Key Findings Of The Study 4. Market Dynamics 4.1. Drivers 4.2. Restraints 4.3. Opportunities and Market Trends 4.4. Market Segmentation 4.5. Porter’s Five Forces Analysis 4.5.1. Bargaining Power of Suppliers 4.5.2. Bargaining Power of Buyers 4.5.3. Threat of New Entrants 4.5.4. Threat of Substitutes 4.5.5. Competitive Rivalry in the Industry 4.6. Industry Value Chain Analysis 4.7. Industry Regulations 5. Global Industrial Lubricants Market Forecast By Base oil (US$ billion) 5.1. Introduction 5.2. Bio based oil 5.3. Mineral Oil Lubricants 5.4. Synthetic Oil Lubricants 6. Global Industrial Lubricants Market Forecast By Type (US$ billion) 6.1. Introduction 6.2. Grease Global Industrial Lubricants Market - Forecasts from 2018 to 2023

6.3. Gear Lubricants 6.4. Hydraulic lubricants 6.5. Compressor Lubricants 6.6. Turbine Lubricants 6.7. Metal Working Fluids 6.8. Others 7. Global Industrial Lubricants Market Forecast By Industry (US$ billion) 7.1. Introduction 7.2. Marine 7.3. Automotive 7.4. Industrial 7.5. Transportation 7.6. Textiles 7.7. Chemicals 7.8. Power Generation 7.9. Mining 7.10. Food Processing 7.11. Others 8. Global Industrial Lubricants Market Forecast By Geography (US$ billion) 8.1. Introduction 8.2. North America 8.2.1. United States 8.2.2. Canada 8.2.3. Mexico 8.2.4. Others 8.3. Europe 8.3.1. Germany 8.3.2. France 8.3.3. Italy 8.3.4. Spain 8.3.5. UK 8.3.6. Others 8.4. Asia Pacific 8.4.1. India Global Industrial Lubricants Market - Forecasts from 2018 to 2023

8.4.2. China 8.4.3. Japan 8.4.4. Australia 8.4.5. Others 8.5. Middle East and Africa 8.5.1. Saudi Arabia 8.5.2. UAE 8.5.3. Israel 8.5.4. Others 8.6. South America 8.6.1. Brazil 8.6.2. Argentina 8.6.3. Others 9. Competitive intelligence 9.1. Market Share Analysis 9.2. Strategies of Key Players 9.3. Recent Investments And Deals 10. Company profiles 10.1. ExxonMobil Corporation 10.1.1. Overview 10.1.2. Financials 10.1.3. Product and Services 10.1.4. Key Developments 10.2. Royal Dutch Shell Plc. 10.2.1. Overview 10.2.2. Financials 10.2.3. Products and Services 10.2.4. Key Developments 10.3. Chevron Corporation 10.3.1. Overview 10.3.2. Financials 10.3.3. Products and Services 10.3.4. Key Developments 10.4. Total S.A. Global Industrial Lubricants Market - Forecasts from 2018 to 2023

10.4.1. Overview 10.4.2. Financials 10.4.3. Products and Services 10.4.4. Key Developments 10.5. BP plc 10.5.1. Overview 10.5.2. Financials 10.5.3. Products and Services 10.5.4. Key Developments 10.6. PetroChina Company Limited 10.6.1. Overview 10.6.2. Financials 10.6.3. Products and Services 10.6.4. Key Developments 10.7. Eni S.p.a 10.7.1. Overview 10.7.2. Financials 10.7.3. Products and Services 10.7.4. Key Developments 10.8. ConocoPhillips 10.8.1. Overview 10.8.2. Financials 10.8.3. Products and Services 10.8.4. Key Developments 10.9. Lukoil 10.9.1. Overview 10.9.2. Financials 10.9.3. Products and Services 10.9.4. Key Developments 10.10. Aramco 10.10.1. Overview 10.10.2. Financials 10.10.3. Product and Services 10.10.4. Key Developments Global Industrial Lubricants Market - Forecasts from 2018 to 2023

TO ORDER OR REQUEST FOR A SAMPLE: Product: Global Industrial Lubricants Market - Forecasts from 2018 to 2023 Link:https://www.knowledge-sourcing.com/products/global-industrial-lubricants-marketforecasts-from-2018-to-2023 Price: US$3,800 – Single User License US$4,400 – Multi User License US$6,400 – Enterprise License Payment: To pay by Credit Card, please, click “Add to Cart” button on product page and proceed with the payment For wire transfer, write to us at sales@knowledge-sourcing.com

For any custom requirements or queries, please visit our website or call us: Website: www.knowledge-sourcing.com Phone: +1-866-714-4587

Global Industrial Lubricants Market - Forecasts from 2018 to 2023