Press release
Industrial Lubricants Market Is Booming Worldwide | Sinopec, Fuchs Petrolub, Valvoline
Industrial Lubricants Market
The global Industrial Lubricants Market Size is estimated to increase at a CAGR of 4.5% during the forecast period from 2024 to 2030.
Key Players in This Report Include:
BP p.l.c. (United Kingdom), Chevron Corporation (United States), Total S.A. (France), Royal Dutch Shell (the Netherlands), ExxonMobil (United States), PetroChina Company Limited (China), Idemitsu Kosan Co. Ltd. (Japan), Sinopec Limited (China), Fuchs Petrolub AG (Germany), Valvoline (United States)
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Industrial Lubricants Market Overview in 2024
Industrial lubricants are defined as compounds like fluids, greases, and oils that are used for the tear and wear of materials and help in reducing friction and binding. It also prevents electrical resistivity and further helps in increasing thermal conduction. Upcoming trends also include the precise selection of viscosity grades for a particular application, as it affects directly the important factors of the equipment like energy consumption, wear, and tolerance to contamination. Indian Lubricant Market registers a CAGR (Compound Annual Growth Rate) of 4.5% during the forecast 2024-2030. The major factors contributing to the growth are the increasing infrastructural and construction activities.
Market Segmentation and Scope:
by Type (Mineral Oil, Synthetic Oil (Polyalphaolefins (PAO), Polyalkylene Glycol (PAG), Esters, Group III (Hydro cracking)), Bio-based Oil), End User Industry (Construction, Metal & Mining, Cement Production, Power Generation, Automotive (Vehicle Manufacturing), Chemical, Oil & Gas, Textile, Food Processing, Others), Product Type (Hydraulic fluid, Metalworking fluid, Gear Oil, Compressor Oil, Grease, Turbine Oil, Others)
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The report covers the competitive analysis of the market. The report identifies the most promising growth opportunities across the 6 regions and 24 countries. This section exclusively shares insight into the growth strategies of the largest market share holders helping key players and new entrants understand the investment potential in the Global Industrial Lubricants Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.
Regional Analysis:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Furthermore, the years considered for the study are as follows:
Historical year - 2018-2023
Base year - 2023
Forecast period - 2024 to 2030
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Major Highlights of TOC:
Chapter 1: Overview of the Global Industrial Lubricants Market in 2024
1.1 Industrial Lubricants Industry Analysis
1.2 Key Companies and Product Profiles
1.3 Industrial Lubricants Market Segments
1.4 Industry Value Chain Analysis
1.5 Market Dynamics- Trends, Drivers, and Opportunities
1.6 Pricing Analysis
1.7 Porter's Five Forces Analysis
1.8 SWOT Profile
1.9 Macro-Economic and Demographic Impact Analysis
1.10 Scenario Analysis
Chapter 2: Global Industrial Lubricants Demand Forecasts
2.1 Overview of the Segment
2.2 Global Historic Industrial Lubricants Market Size (2018-2023) by Types, Applications, and Other Segments
2.3 Global Forecast Industrial Lubricants Market Size (2024-2030) by Types, Applications, and Other Segments
Chapter 3: Segment-wise Industrial Lubricants Market Forecasts
3.1 Key Market Segments
3.2 Premium Insights- Largest Types, Applications and Segments
3.3 Premium Insights- Most Lucrative Types, Applications, and Segments
Chapter 4: Industrial Lubricants Market Outlook by Country
4.1 Industrial Lubricants Market by Regions
4.2 Industrial Lubricants Market Revenue Share by Region
4.3 North America (US, Canada, Mexico)
4.4 Europe (Germany, UK, France, Spain, Italy, Russia, Others)
4.5 Asia Pacific (China, Japan, India, South Korea, Australia, South East Asia, Others)
4.6 Latin America (Brazil, Argentina, Chile, Others)
4.7 Middle East and Africa (Saudi Arabia, UAE, Qatar, South Africa, Nigeria, Egypt, Others)
Player Analysis in Chapter Five
5.1 Players' Market Share Analysis (2023)
5.2 Regional Market Concentration Rates
5.3 Business Profiles, SWOT Analysis, Financial Details, Product Portfolio of Companies
..........continued
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