Industrial Lubricants Global Market Research Report Analysis By Type, By End and By Region | Industry Investment Opportunities, Market Share and Forecast to 2022

Industrial Lubricants Market Highlights:-

Lower fuel & energy consumption owing to better machinery performance has also contributed to industrial lubricants market growth. To ensure smooth working of machines in industries, the demand for grease increasing in industries is also fuelling the growth of the global industrial lubricants market. However, increasing popularity of hybrid electric vehicles and high cost of synthetic and bio-based industrial lubricants may restrict the growth of the market.

Industrial lubricants are used to reduce friction as friction associated effects such as heat, mechanical damage, and may provide secondary functions of transmitting forces, transporting matter, etc. the global industrial lubricants market was estimated to be USD 56.87 billion in 2016, and which is projected to grow at a CAGR of 2.4 % by the end of forecast period of 2022.

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Industrial Lubricants Market Top Key Player:-

• LUKOIL
• Fuchs Petrolub AG
• ExxonMobil Corporation
• BP p.l.c.
• Total S.A.
• Petrochina Company Limited
• Sinopec Limited
• Royal Dutch Shell Plc.
• Chevron Corporation
• Idemitsu Kosan Co. Ltd

Industry News:-

In November 2017, Energy giant Royal Dutch Shell has opens massive new lubricant plant in Tuas. The plant will produce up to 430 million litres of industrial lubricants and greases a year.

In June 2017, ExxonMobil has announced the completion of the expansion of its lubricant facility in Jurong, Singapore to increase production of grease and synthetic lubricants, including Mobil 1TM, the company’s flagship synthetic engine oil. The expansion of the Jurong lubricant plant further strengthens the company’s manufacturing capabilities and its ability to meet the growing demand for grease and synthetic lubricants products in the Asia Pacific region.

In May, 2017, Petronas expand its lubricant-blending plant in Shandong, China to meet the market’s growing demand for the product. The annual output of the plant within the Weifang Economic Development Zone was expected to increase from 45,000 to 150,000 tonnes, which included automotive and industrial lubricant.

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Regional Analysis:

Asia Pacific accounts for the largest market share of the global industrial lubricants market owing to larger industrial base, growing demand, industrialization, and others. China followed by India accounts for the leading countries in the Asia Pacific region. Growing energy and metal foundry sectors is accounting for the growth of the market especially the metalworking fluids segment. Asia-Pacific region also bags the crown of being the fastest region in the world owing to the explosive pace of industrialization.

North America accounts for the second largest share of the market owing to developed economy led by the U.S. Europe follows with Germany, France and the U.K. Leading the bandwagon. However the developed regions market is stagnant and there is a definite shift of the market towards the Asia-Pacific and Middle East and Africa regions. Africa remains the last frontier for the industrial lubricants industry.

Major Points of Table Of Contents:-

1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Industrial Lubricants Market, By Type

5 Global Industrial Lubricants Market, By End User
5.1 Introduction
5.2 Automotive
5.3 Manufacturing
5.4 Heavy Industries
5.5 Power Generation
5.6 Other

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6 Regional Market Analysis
6.1 Introduction
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.3 Europe
6.3.1 U.K
6.3.2 France
6.3.3 Germany
6.3.4 Spain
6.3.5 Rest Of Europe
6.4 Asia-Pacific
6.4.1 China
6.4.2 Japan
6.4.3 India
6.4.4 Rest Of Asia-Pacific
6.5 Rest Of The World

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