Industrial Lubricants Market Size by 2027 |Industry Segmentation by Type, Application, Drivers, Key News, Future Growth and Top Companies Profiles by 2027

The global industrial lubricants market is estimated to reach value of USD 75.23 Billion by 2027, according to a current analysis by Emergen Research. Increase in the number of trade activities and surge in industrialization in developing countries are estimated to propel the industrial lubricants market in the near future.

Industrial lubricants are used to reduce friction between two surfaces. They help machines to work without any glitch and prolong the life of affected parts by lowering the wear and tear. Most of the industrial lubricants used have organic base, such as mineral oil or petroleum fraction. Moreover, increased investments in research and development are also likely to boost the industrial lubricants market during the forecast period.

According to our market analysts, the global Industrial Lubricants market is expected to exhibit a robust growth rate throughout the forecast period. The promising market growth can be attributed to the significant rise in product demand across the regional markets. The latest study offers a granular analysis of the market’s major developmental parameters, along with its potential business avenues and market dynamics. The document is specially curated to offer a deep understanding of the competitive terrain of the global market. It further highlights the leading market rivals, their market positions, product portfolios, gross revenue shares, profit margins, pricing analysis, sales network & distribution channels, and financial standing.

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The prominent players of the global Industrial Lubricants market are expected to contribute significantly to the revenue generation owing to increasing demand for the Industrial Lubricants products in the industry.

Prominent Players Profiled in the Industrial Lubricants Market:

The Lubrizol Corporation, ExxonMobil Corp, Royal Dutch Shell, Amsoil, Inc., Valvoline International, Inc., Kluber Lubrication, Clariant, Chevron Corp., Petronas Lubricant International, and Quaker Chemical Corp.

Key Highlights of Report

• Synthetic oil has excellent low-temperature flow performance, it offers enhanced oxidation and thermal stability, and it has excellent wear protection. This type of oil is higher in quality and purity than mineral oils.
• The construction segment held the largest share of the industrial lubricants market in 2019, due to high demand for construction activities in China and India. From dump trucks and draglines, bulldozers, to scrapers and shovels, all construction equipment are subjected to harsh conditions, which generates demand for lubricants.
• The Asia Pacific region held the largest share of the global market, with high demand witnessed in China. The country is a rapidly developing nation and is witnessing strong growth of construction, power generation, and oil & gas sectors.

Industrial Lubricants Market Segmentation:

For the purpose of this report, Emergen Research has segmented the global industrial lubricants market based on product type, base oil, end-use industry, and region:

• Product Type Outlook (Revenue, USD Billion; 2017–2027)
o Hydraulic Fluid
o Metalworking Fluid
o Gear Oil
o Compressor Oil
o Grease
o Turbine Oil
o Others
1. Transformer Oil
2. Refrigeration Oil
3. Textile Machinery Lubricants
• Base Oil Outlook (Revenue, USD Billion; 2017–2027)
o Mineral Oil
o Synthetic Oil
1. Polyalphaolefins (PAO)
2. Polyalkylene Glycol (PAG)
3. Esters
4. Group iii (Hydrocracking)
o Bio-based Oil
• End-use Industry Outlook (Revenue, USD Billion; 2017–2027)
o Construction
o Metal & Mining
o Cement Production
o Power Generation
o Automotive (Vehicle Manufacturing)
o Chemical
o Oil & Gas
o Textile
o Food Processing
o Others
1. Agriculture
2. Pulp & Paper
3. Marine (Deck Manufacturing)

Key Geographical Segments:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Reasons to Purchase this Report:

• The report performs qualitative and quantitative analyses of the Industrial Lubricants market based on both the economic and non-economic factors.
• It accurately indicates the regional segments expected to witness the fastest market growth rate.
• The report endows the reader with an in-depth understanding of the competitive landscape of the Industrial Lubricants market, with the market ranking of the major players and their new product launches, partnerships, and various other business expansion strategies.

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Industrial Lubricants Market Segmentation & Impact Analysis
4.1. Industrial Lubricants Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rise in automation in various end-use industries
4.2.2.2. Improved quality of industrial lubricants
4.2.3. Market restraints analysis
4.2.3.1. High cost of synthetic and bio-based lubricants
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

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