openPR Logo
Press release

Industrial Lubricants Market Worldwide Industry Analysis, Future Demand and Forecast till 2031

11-13-2024 07:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Industrial Lubricants Market Worldwide Industry Analysis,

Global industrial lubricants market is anticipated to grow at a significant CAGR of 14.3% during the forecast period (2024-2031). The market growth is attributed to the growing expansion of manufacturing operations globally and the rising demand for machinery and equipment across industries, which is linked to the growing need for efficient lubrication solutions. Industrial lubricants have wide-ranging applications in the machinery, automotive, manufacturing, power generating, construction, and marine industries, among other sectors. They are used to lessen friction, stop wear, release heat, and shield moving parts from corrosion. For instance, in March 2023, ExxonMobil announced an investment of nearly INR 900.0 crore ($110.0 million) to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation's Isambe Industrial Area in Raigad. The plant can potentially manufacture 159,000 kiloliters of finished lubricants annually to meet growing domestic demand from industrial sectors such as manufacturing, steel, power, mining, and construction, as well as from passenger and commercial vehicle segments.

The branded product combines the expertise of industry participants in premium lubricants that support mobility initiatives. For internal combustion engines, battery electric vehicles, and related items to be offered in the market, automotive companies require lubrication. For instance, in April 2024, SAIC Motor and Castrol announced a strategic agreement introducing a new co-branded lubricant for Central and Eastern Europe (CEE) Mg Customers. The agreement brings together two heritage brands to provide solutions tailored to enhance performance and efficiency across MG's diverse range of vehicles.

Market players expanded the brand to include lubricants, which is a high-performance line for the industrial sector. The extensive capabilities in research and development, make them a quality line of lubricants that boost the local market offering and enhance consumer choice. For instance, in December 2021, Aramco announced its entry into Saudi Arabia's domestic lubricant market, offering consumers a new line of lubricant products under the ORIZON® brand. Aramco has introduced the ORIZON® product line in more than 20 cities including Riyadh, Jeddah, and Dammam with more locations planne

To Request a Sample of our Report on Industrial Lubricants Market:  https://www.omrglobal.com/request-sample/industrial-lubricants-market

Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Base Oil Type
By Product Type
By End-Use Industry

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- BP p.l.c., Chevron Corp., Exxon Mobil Corp., Shell plc, and TotalEnergies SE among others.

Industrial Lubricants Market Report Segment

By Base Oil Type

Mineral Oil
Bio-based Oil

By Product Type

Hydraulic Oil
Compressor Oil
Metalworking Fluid
Gear Oil
Turbine Oil
Marine Oil
Grease
Others (Gun Oil)

By End-Use Industry

Construction
Metal & Mining Production
Cement Production
Power Generation
Automotive (Vehicle Manufacturing)
Chemical
Oil & Gas
Food Processing
Others (Textile)

A full Report of Industrial Lubricants Market is Available @  https://www.omrglobal.com/industry-reports/industrial-lubricants-market

Industrial Lubricants Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles

ADDINOL Lube Oil GmbH
AMSOIL INC.
Calumet Branded Products, LLC
China Petroleum & Chemical Corp. (SINOPEC)
ENEOS Group
Enilive S.p.A.
FUCHS SE
Idemitsu Kosan Co., Ltd.
Indian Oil Corporation Ltd.
KLÜBER LUBRICATION INDIA Pvt. Ltd.
The Lubrizol Corporation
Morris Lubricants Online
MOTUL S.A.
Petróleo Brasileiro S.A.
PETRONAS Lubricants International
Phillips 66 Company
PJSC LUKOIL
Quaker Chemical Corp.
The Dow Chemical Company
Valvoline Cummins Pvt. Ltd.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/industrial-lubricants-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Industrial Lubricants Market Worldwide Industry Analysis, Future Demand and Forecast till 2031 here

News-ID: 3734107 • Views:

More Releases from Orion Market Research

Road Marking Paint Market : A Guide to Understanding the Process
Road Marking Paint Market : A Guide to Understanding the Process
The Road Marking Paint Market, valued at approximately USD 5.02 billion in 2023, is projected to reach around USD 7.69 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.36% from 2024 to 2033. Road Marking Paint Market Overview The Road Marking Paint Market is steadily expanding, driven by burgeoning infrastructure investments and the need for improved road safety. Governments and municipalities are increasingly allocating funds toward both new
Outboard Boat Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Outboard Boat Market Size Analysis, Competitive Insights, Leading Players and Gr …
The Outboard Boats Market, valued at approximately USD 5.74 billion in 2023, is projected to grow to around USD 14 billion by 2033, reflecting a compound annual growth rate (CAGR) of about 9% over the 2024-2033 period. Outboard Boat Market Overview The Outboard Boat Market continues to expand robustly, fueled largely by rising demand for recreational boating, favorable economic conditions, and the appeal of leisure marine activities. Innovations in outboard motor technology-including
Mobile Ticketing Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Mobile Ticketing Market Size Analysis, Competitive Insights, Leading Players and …
The Mobile Ticketing Market, valued at about USD 2.9 billion in 2023, is anticipated to grow to approximately USD 11.39 billion by 2033, reflecting a robust CAGR of 16.7% from 2024 to 2033. Mobile Ticketing Market Overview The Mobile Ticketing Market is undergoing rapid expansion, driven primarily by the global surge in smartphone usage and consumer preference for contactless, digital experiences. This growth is further propelled by widespread adoption of digital payments,
Metal Alloy Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Metal Alloy Market Size Analysis, Competitive Insights, Leading Players and Grow …
The Metal Alloy Market, valued at approximately USD 301.7 billion in 2023, is projected to reach USD 533.9 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2033. Metal Alloy Market Overview The Metal Alloy Market is experiencing steady, long-term expansion, driven by growing demand from key sectors such as automotive, aerospace, construction, and electronics. Applications in next-generation vehicles and aircraft are pushing interest in

All 5 Releases


More Releases for Oil

Hydraulic Oil Market,By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil …
In recent years, the production capacity for hydraulic oil has increased significantly across the globe. Moreover, the Group II and III base oils are primarily gaining popularity for utilization in lubricant formulations for automatic transmission engines, heavy-duty trucks, and passenger automobiles. Therefore, these determinants are expected to for drive the development of the global hydraulic oil market in the anticipated period. Global Hydraulic Oil Market was valued at USD 10.47 billion in 2021
Cosmetic Oil Market Future Outlook 2023-2029, Industry Demand, Trends, Size, New …
This Cosmetic Oil Market research report is one of the best and wide-ranging, which provides market insights by considering numerous factors. Therefore, businesses can get important market insights cost-effectively with the help of the Cosmetic Oil Market research report. Such a persuasive report is the best to gain a competitive advantage in this quickly transforming marketplace. In addition, the report also provides market segmentation based on type and end-user. The
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is
Growing demand for corn oil as cooking oil is fuelling the Corn Oil Market
The research report "Corn Oil Market: by Product Type (High Oleic, Middle Oleic, Low Oleic), By Application (Biodiesel, Soap Making, Food Services, Pharmaceutical, Others) and Geography- Global/Region/Country Forecast to 2028." The global corn oil market size was valued at USD 4.2 Bn in the year 2021, growing at a CAGR rate of 7.2% during the evaluation time span 2022-2028. Glance our 200 slides market research and competitive intelligence research report,
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty
Global Sustainable Palm Oil Market analysis report- with Leading players, Applic …
Sustainable Palm Oil Market The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. Palm oil is used in many of the products on supermarket shelves, from margarine and chocolate to ice cream, soaps, cosmetics, and fuel for cars and power plants. The report presents a comprehensive overview, market shares, and growth opportunities of Sustainable Palm Oil market by product type,