出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年5月
Industrial Lubricants Market – Global Forecast to 2029
工業用潤滑油市場 : 基油（鉱油、合成油、バイオベース油）、製品タイプ（作動油、金属加工油、グリース）、最終用途産業（建設、発電、食品加工）、地域別 – 2029年までの世界予測
Industrial Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Hydraulic Fluid, Metalworking Fluid, Grease), End-use Industry (Construction, Power Generation, Food Processing), Region – Global Forecast to 2029
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| 種別 | 英文調査報告書 |
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Report Overview
In terms of value, the lubricants market is estimated to grow from USD 63.9 billion in 2024 to USD 74.3 billion by 2029, at a CAGR of 3.1%.
潤滑油市場は 2024 年の 639 億米ドルから 2029 年までに 743 億米ドルに、CAGR 3.1% で成長すると推定されています。
The rising industrial growth in the Middle East & Africa and Asia Pacific, growing automating in end-use industries, mounting demand from for processed foods are driving the industrial lubricants market. Also, as individuals become more conscious of the potential health hazards linked to mineral oil based lubricants, there is an escalating desire for synthetic and bio-based lubricant alternatives.
“Hydraulic fluid was the largest product type of industrial lubricants market, in terms of value, in 2023.”
Hydraulic fluid is the most used product type in the industrial lubricants market, mainly due to its widespread use in the most of the end-use industries. It’s crucial for hydraulic systems to transmit power efficiently by reducing friction, dispersing heat, and preventing wear and corrosion. Technological advancements have enhanced its formulations, making it more efficient and in-demand. Overall, hydraulic fluids dominance is attributed to its essential role in industrial machineries, equipments..
“Construction was the largest end-use industry of the industrial lubricants market, in terms of value, in 2023.”
Construction stands as the largest end-user industry in the industrial lubricants market due to its extensive reliance on various lubricants for smooth operation and maintenance of construction equipments and machineries. This is mainly due to the construction industry is heavily relies on various heavy machinery and equipment, which require constant lubrication to operate efficiently in harsh conditions. With continuous operations, safety concerns, and a global construction boom driving demand, construction remains a dominant sector for industrial lubricant usage.
“The Middle East & AFrica is projected to be the second fastest-growing region, in terms of value, during the forecast period in the industrial lubricants market.”
The Middle East & Africa region is expected to see significant growth in the lubricants market due to several factors. The region’s strong economic growth and rapid industrialization are driving increased demand for industrial lubricants across various sectors like automotive manufacturing, and construction. Additionally, investments in infrastructure development and the oil & gas industry further contribute to this growth. With the Middle East being a major oil-producing region, there’s a steady supply of base oils, a crucial ingredient in lubricant production, ensuring market stability. Moreover, the expanding automotive aftermarket and rising vehicle ownership rates in Africa add to the region’s growth potential. Overall, the Middle East & Africa’s favorable economic conditions and infrastructure investments make it a promising market for industrial lubricants.
• By Company Type: Tier 1 – 69%, Tier 2 – 23%, and Tier 3 – 8%
• By Designation: C-Level – 23%, Director Level – 37%, and Others – 40%
• By Region: North America – 24%, Europe – 40%, Asia Pacific – 17%, South America – 7%, Middle East & Africa – 12%,
The key players profiled in the report include Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), TotalEnergies SE (France), PetroChina Company Limited (China), ENEOS Holdings, Inc. (Japan), China Petroleum & Chemical Corporation (China), Idemitsu Kosan Co., Ltd. (Japan), and others.
Research Coverage
This report segments the market for industrial lubricants based on base oil type, product type, end-use industry, and region and provides estimations of volume (Kiloton) and value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for industrial lubricants.
Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the industrial lubricants market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on lubricants offered by top players in the global market
• Analysis of key drives: (growing automating in end-use industries, mounting demand from for processed foods, rising industrial growth in the Middle East & Africa and Asia Pacific, and increasing demand from mining, construction, agriculture and marine industries), restraints (Swing towards synthetic lubricants, high price of bio-based and synthetic lubricants), opportunities (Mounting demand for bio-based lubricants, and increasing demand for renewable energy), and challenges (Escalating raw material prices) influencing the growth of industrial lubricants market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the industrial lubricants market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for industrial lubricants across regions.
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global industrial lubricants market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the industrial lubricants market
Table of Contents
1 INTRODUCTION 47
1.1 STUDY OBJECTIVES 47
1.2 MARKET DEFINITION 47
1.2.1 INDUSTRIAL LUBRICANTS MARKET: INCLUSIONS & EXCLUSIONS 48
1.2.2 INDUSTRIAL LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY BASE OIL 48
1.2.3 INDUSTRIAL LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY PRODUCT TYPE 48
1.2.4 INDUSTRIAL LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY END-USE INDUSTRY 49
1.3 MARKET SCOPE 50
FIGURE 1 INDUSTRIAL LUBRICANTS: MARKET SEGMENTATION 50
1.3.1 REGIONS COVERED 51
1.4 YEARS CONSIDERED 51
1.5 CURRENCY 52
1.6 UNITS CONSIDERED 52
1.7 STAKEHOLDERS 52
1.8 SUMMARY OF CHANGES 52
1.8.1 IMPACT OF RECESSION 53
2 RESEARCH METHODOLOGY 54
2.1 RESEARCH DATA 54
FIGURE 2 INDUSTRIAL LUBRICANTS MARKET: RESEARCH DESIGN 54
2.1.1 SECONDARY DATA 55
2.1.2 PRIMARY DATA 55
2.1.2.1 Primary interviews – demand and supply sides 55
2.1.2.2 Key industry insights 56
2.1.2.3 Breakdown of primary interviews 56
2.2 MARKET SIZE ESTIMATION 57
2.2.1 BOTTOM-UP APPROACH 57
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) – COLLECTIVE SHARE OF MAJOR PLAYERS 57
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE) – COLLECTIVE REVENUE OF ALL PRODUCTS (BOTTOM UP) 58
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) -PRODUCTS SOLD (BOTTOM UP) 58
2.2.2 TOP-DOWN APPROACH 59
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – TOP DOWN 59
2.3 DATA TRIANGULATION 60
FIGURE 7 INDUSTRIAL LUBRICANTS MARKET: DATA TRIANGULATION 60
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS 61
2.4.1 SUPPLY SIDE 61
FIGURE 8 MARKET GROWTH PROJECTION FROM SUPPLY SIDE 61
2.4.2 DEMAND SIDE 61
FIGURE 9 MARKET GROWTH PROJECTION FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES 62
2.5 IMPACT OF RECESSION 62
2.6 LIMITATIONS 63
2.7 RISK ASSESSMENT 63
TABLE 1 INDUSTRIAL LUBRICANTS MARKET: RISK ASSESSMENT 63
3 EXECUTIVE SUMMARY 64
FIGURE 10 MINERAL OIL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 64
FIGURE 11 HYDRAULIC FLUID LED OVERALL INDUSTRIAL LUBRICANTS MARKET IN 2023 65
FIGURE 12 CONSTRUCTION TO BE LEADING END USER OF INDUSTRIAL LUBRICANTS DURING FORECAST PERIOD 65
FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 66
4 PREMIUM INSIGHTS 67
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL LUBRICANTS MARKET 67
FIGURE 14 INDUSTRIAL LUBRICANTS MARKET TO WITNESS STEADY GROWTH DURING FORECAST PERIOD 67
4.2 ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL AND COUNTRY 67
FIGURE 15 CHINA LED ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET IN 2023 67
4.3 INDUSTRIAL LUBRICANTS MARKET, BY REGION 68
FIGURE 16 ASIA PACIFIC TO BE LARGEST MARKET FOR INDUSTRIAL LUBRICANTS DURING FORECAST PERIOD 68
4.4 INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE V/S REGION 68
FIGURE 17 HYDRAULIC FLUID ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 68
4.5 INDUSTRIAL LUBRICANTS MARKET ATTRACTIVENESS 69
FIGURE 18 CHINA PROJECTED TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 69
5 MARKET OVERVIEW 70
5.1 INTRODUCTION 70
5.2 MARKET DYNAMICS 70
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL LUBRICANTS MARKET 70
5.2.1 DRIVERS 71
5.2.1.1 Strong industrial growth in Asia Pacific and Middle East & Africa 71
TABLE 2 INDUSTRIAL GROWTH RATE IN ASIA PACIFIC, 2023 71
5.2.1.2 Rise in automation in various end-use industries 71
5.2.1.3 Growing demand for processed food 72
5.2.1.4 Growing demand from mining, construction, agriculture, and marine industries 72
5.2.2 RESTRAINTS 72
5.2.2.1 Shift toward synthetic lubricants 72
5.2.2.2 High cost of synthetic and bio-based lubricants 73
5.2.2.3 Reduction in use of metal parts by automakers 73
5.2.2.4 Stringent environmental regulations 73
5.2.3 OPPORTUNITIES 73
5.2.3.1 Growing demand for renewable energy 73
5.2.3.2 Increasing demand for bio-based lubricants 74
5.2.4 CHALLENGES 74
5.2.4.1 Volatile raw material prices 74
TABLE 3 CRUDE OIL PRICE TREND (2019−2023) 74
5.3 PORTER’S FIVE FORCES ANALYSIS 75
FIGURE 20 INDUSTRIAL LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS 75
5.3.1 THREAT OF SUBSTITUTES 75
5.3.2 THREAT OF NEW ENTRANTS 76
5.3.3 BARGAINING POWER OF SUPPLIERS 76
5.3.4 BARGAINING POWER OF BUYERS 76
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 76
TABLE 4 INDUSTRIAL LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS 76
5.4 MACROECONOMIC INDICATORS 77
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES 77
TABLE 5 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES, 2021–2029 (USD BILLION) 77
6 INDUSTRY TRENDS 78
6.1 KEY STAKEHOLDERS AND BUYING CRITERIA 78
6.1.1 KEY STAKEHOLDERS IN BUYING PROCESS 78
FIGURE 21 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES 78
TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%) 78
6.1.2 BUYING CRITERIA 79
FIGURE 22 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 79
TABLE 7 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 79
6.2 SUPPLY CHAIN ANALYSIS 80
FIGURE 23 INDUSTRIAL LUBRICANTS MARKET: SUPPLY CHAIN ANALYSIS 80
6.2.1 RAW MATERIALS SUPPLIER 80
6.2.2 MANUFACTURER 80
6.2.3 DISTRIBUTION NETWORK 81
6.2.4 END-USE INDUSTRIES 81
6.3 ECOSYSTEM ANALYSIS 81
FIGURE 24 INDUSTRIAL LUBRICANTS MARKET: ECOSYSTEM ANALYSIS 81
TABLE 8 INDUSTRIAL LUBRICANTS MARKET: ROLE IN ECOSYSTEM 82
6.4 CASE STUDY ANALYSIS 83
6.4.1 A CASE STUDY ON COMPRESSOR OIL 83
6.4.2 A CASE STUDY ON SYNTHETIC LUBRICANT 83
6.4.3 A CASE STUDY ON HYDRAULIC FLUIDS 83
6.4.4 A CASE STUDY ON COMPRESSOR OIL 84
6.5 REGULATORY LANDSCAPE 84
TABLE 9 NORTH AMERICA: REGULATIONS FOR INDUSTRIAL LUBRICANTS 84
TABLE 10 EUROPE: REGULATIONS FOR INDUSTRIAL LUBRICANTS 85
TABLE 11 ASIA PACIFIC: REGULATIONS FOR INDUSTRIAL LUBRICANTS 85
TABLE 12 MIDDLE EAST & AFRICA: REGULATIONS FOR INDUSTRIAL LUBRICANTS 86
TABLE 13 SOUTH AMERICA: REGULATIONS FOR INDUSTRIAL LUBRICANTS 86
6.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
6.6 TECHNOLOGY ANALYSIS 87
6.6.1 KEY TECHNOLOGIES 87
6.6.1.1 Re-refining technology 87
6.6.1.2 SO2 scrubbing system technology 88
6.6.2 COMPLEMENTARY TECHNOLOGIES 88
6.6.2.1 Nanotechnology in lubricants 88
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 88
6.7.1 REVENUE SHIFT & REVENUE POCKETS IN INDUSTRIAL LUBRICANTS MARKET 88
FIGURE 25 INDUSTRIAL LUBRICANTS MARKET: FUTURE REVENUE MIX 88
6.8 TRADE DATA STATISTICS 89
6.8.1 IMPORT DATA 89
FIGURE 26 INDUSTRIAL LUBRICANTS IMPORT, BY KEY COUNTRIES (2018–2022) 89
TABLE 14 IMPORT OF INDUSTRIAL LUBRICANTS, BY REGION, 2018–2022 (USD BILLION) 90
6.8.2 EXPORT DATA 90
FIGURE 27 INDUSTRIAL LUBRICANTS EXPORT, BY KEY COUNTRIES (2018–2022) 90
TABLE 15 EXPORT OF INDUSTRIAL LUBRICANTS, BY REGION, 2018–2022 (USD BILLION) 91
6.9 KEY CONFERENCES & EVENTS 91
TABLE 16 INDUSTRIAL LUBRICANTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025 91
6.10 PRICING ANALYSIS 92
6.10.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BASE OIL 92
FIGURE 28 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BASE OIL 92
TABLE 17 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BASE OIL (USD/KG) 92
6.10.2 AVERAGE SELLING PRICE TREND, BY REGION 92
FIGURE 29 AVERAGE SELLING PRICE TREND OF INDUSTRIAL LUBRICANTS, BY REGION 93
TABLE 18 AVERAGE SELLING PRICE TREND OF INDUSTRIAL LUBRICANTS, BY REGION, 2022–2029 (USD/KG) 93
6.11 INVESTMENT AND FUNDING SCENARIO 93
6.12 PATENT ANALYSIS 94
6.12.1 APPROACH 94
6.12.2 DOCUMENT TYPE 94
TABLE 19 PATENT STATUS: PATENT APPLICATIONS, LIMITED PATENTS, AND GRANTED PATENTS 94
FIGURE 30 PATENTS REGISTERED, 2012–2023 95
FIGURE 31 MAJOR PATENT APPLICANTS FOR INDUSTRIAL LUBRICANTS 95
TABLE 20 LIST OF MAJOR PATENTS FOR INDUSTRIAL LUBRICANTS 96
6.12.3 TOP APPLICANTS 97
TABLE 21 PATENTS BY BASF SE 97
TABLE 22 PATENTS BY DOW INC. 98
TABLE 23 MAJOR PATENT OWNERS IN US, 2012–2023 99
FIGURE 32 LEGAL STATUS OF PATENTS 99
6.12.4 JURISDICTION ANALYSIS 100
FIGURE 33 MAXIMUM PATENTS FILED IN US JURISDICTION 100
7 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL 101
7.1 INTRODUCTION 102
TABLE 24 TYPE OF BASE OIL, BY GROUP 102
FIGURE 34 MINERAL OIL-BASED LUBRICANTS TO DOMINATE OVERALL INDUSTRIAL LUBRICANTS MARKET DURING FORECAST PERIOD 103
TABLE 25 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 103
TABLE 26 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 103
TABLE 27 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 104
TABLE 28 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 104
7.2 MINERAL OIL 104
7.2.1 LOW COST TO DRIVE DEMAND FOR MINERAL OIL-BASED INDUSTRIAL LUBRICANTS 104
TABLE 29 MINERAL OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 104
TABLE 30 MINERAL OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 105
TABLE 31 MINERAL OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 105
TABLE 32 MINERAL OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 105
7.3 SYNTHETIC OIL 106
7.3.1 GROWING INDUSTRIAL SECTOR TO DRIVE DEMAND FOR SYNTHETIC OIL-BASED INDUSTRIAL LUBRICANTS 106
TABLE 33 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 106
TABLE 34 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 107
TABLE 35 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 107
TABLE 36 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 107
7.3.2 PAO 108
7.3.3 PAG 108
7.3.4 ESTERS 108
7.3.5 GROUP III (HYDROCRACKING) 108
TABLE 37 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY TYPE, 2018–2022 (USD MILLION) 108
TABLE 38 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY TYPE, 2023–2029 (USD MILLION) 109
TABLE 39 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY TYPE, 2018–2022 (KILOTON) 109
TABLE 40 SYNTHETIC OIL: INDUSTRIAL LUBRICANTS MARKET, BY TYPE, 2023–2029 (KILOTON) 109
7.4 BIO-BASED OIL 110
7.4.1 RISING AWARENESS REGARDING BIO-BASED LUBRICANTS TO FUEL DEMAND 110
TABLE 41 BIO-BASED OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 110
TABLE 42 BIO-BASED OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 110
TABLE 43 BIO-BASED OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 111
TABLE 44 BIO-BASED OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 111
8 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE 112
8.1 INTRODUCTION 113
FIGURE 35 METALWORKING FLUIDS TO DOMINATE INDUSTRIAL LUBRICANTS MARKET DURING FORECAST PERIOD 113
TABLE 45 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 113
TABLE 46 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 114
TABLE 47 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 114
TABLE 48 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 114
8.2 HYDRAULIC FLUID 115
8.2.1 GROWING CONSTRUCTION INDUSTRY TO DRIVE DEMAND 115
TABLE 49 HYDRAULIC FLUID: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 115
TABLE 50 HYDRAULIC FLUID: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 116
TABLE 51 HYDRAULIC FLUID: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 116
TABLE 52 HYDRAULIC FLUID: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 116
8.2.2 HL HYDRAULIC FLUID 117
8.2.3 HLP HYDRAULIC FLUID 117
8.2.4 HLP-D HYDRAULIC FLUID 117
8.2.5 FIRE-RESISTANT HYDRAULIC FLUID 117
8.3 METALWORKING FLUIDS 117
8.3.1 GROWING STEEL INDUSTRY TO FUEL DEMAND 117
TABLE 53 METALWORKING FLUIDS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 118
TABLE 54 METALWORKING FLUIDS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 118
TABLE 55 METALWORKING FLUIDS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 118
TABLE 56 METALWORKING FLUIDS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 119
8.3.2 REMOVAL METALWORKING FLUID 119
8.3.3 PROTECTING METALWORKING FLUID 119
8.3.4 FORMING METALWORKING FLUID 119
8.3.5 TREATING METALWORKING FLUID 119
8.4 GEAR OIL 120
8.4.1 GROWING WIND POWER INDUSTRY TO FUEL DEMAND FOR GEAR OIL 120
TABLE 57 GEAR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 120
TABLE 58 GEAR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 120
TABLE 59 GEAR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 121
TABLE 60 GEAR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 121
8.4.2 RUST & CORROSION INHIBITED GEAR OIL 121
8.4.3 COMPOUNDED GEAR OIL 121
8.4.4 EXTREME PRESSURE GEAR OIL 121
8.5 COMPRESSOR OIL 122
8.5.1 INCREASING DEMAND FOR REFRIGERATION AND AIR-CONDITIONING SYSTEMS TO DRIVE MARKET 122
TABLE 61 COMPRESSOR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 122
TABLE 62 COMPRESSOR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 122
TABLE 63 COMPRESSOR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 123
TABLE 64 COMPRESSOR OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 123
8.6 GREASE 123
8.6.1 GROWING MINING, CONSTRUCTION, AND TRANSPORT INDUSTRIES TO DRIVE DEMAND 123
TABLE 65 GREASE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 124
TABLE 66 GREASE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 124
TABLE 67 GREASE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 124
TABLE 68 GREASE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 125
8.6.2 METALLIC SOAP THICKENER 125
8.6.2.1 Lithium 125
8.6.2.2 Calcium 125
8.6.2.3 Aluminum 125
8.6.2.4 Sodium 125
8.6.2.5 Other metallic soaps 125
8.6.3 NON-SOAP THICKENER 126
8.6.4 INORGANIC THICKENER 126
8.6.4.1 Clay 126
8.6.4.2 Silica 126
8.6.5 OTHER THICKENERS 126
8.7 TURBINE OIL 126
8.7.1 GROWING POWER GENERATION TO DRIVE MARKET 126
TABLE 69 TURBINE OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 127
TABLE 70 TURBINE OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 127
TABLE 71 TURBINE OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 127
TABLE 72 TURBINE OIL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 128
8.8 OTHER PRODUCT TYPES 128
8.8.1 TRANSFORMER OIL 128
8.8.2 REFRIGERATION OIL 128
8.8.3 TEXTILE MACHINERY LUBRICANTS 128
TABLE 73 OTHER PRODUCT TYPES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 129
TABLE 74 OTHER PRODUCT TYPES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 129
TABLE 75 OTHER PRODUCT TYPES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 129
TABLE 76 OTHER PRODUCT TYPES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 130
9 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY 131
9.1 INTRODUCTION 132
FIGURE 36 CONSTRUCTION TO BE LARGEST END USER OF INDUSTRIAL LUBRICANTS DURING FORECAST PERIOD 132
TABLE 77 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 133
TABLE 78 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 133
TABLE 79 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 134
TABLE 80 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 134
9.2 CONSTRUCTION 135
9.2.1 INCREASED GOVERNMENT INVESTMENTS IN INFRASTRUCTURE PROJECTS TO DRIVE MARKET 135
TABLE 81 CONSTRUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 135
TABLE 82 CONSTRUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 135
TABLE 83 CONSTRUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 136
TABLE 84 CONSTRUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 136
9.3 METAL & MINING PRODUCTION 136
9.3.1 INCREASING CONSUMPTION IN STEEL PRODUCTION PLANTS TO DRIVE MARKET 136
TABLE 85 METAL & MINING PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 137
TABLE 86 METAL & MINING PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 137
TABLE 87 METAL & MINING PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 137
TABLE 88 METAL & MINING PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 138
9.3.2 PRIMARY FERROUS PRODUCTS 138
9.3.3 PRIMARY NON-FERROUS PRODUCTS 138
9.4 CEMENT PRODUCTION 138
9.4.1 GROWING CONSTRUCTION ACTIVITIES TO DRIVE MARKET 138
TABLE 89 CEMENT PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 138
TABLE 90 CEMENT PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 139
TABLE 91 CEMENT PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 139
TABLE 92 CEMENT PRODUCTION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 139
9.5 POWER GENERATION 140
9.5.1 RISING AWARENESS ABOUT RENEWABLE SOURCES FOR POWER GENERATION TO DRIVE MARKET 140
TABLE 93 POWER GENERATION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 140
TABLE 94 POWER GENERATION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 140
TABLE 95 POWER GENERATION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 141
TABLE 96 POWER GENERATION: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 141
9.6 AUTOMOTIVE MANUFACTURING 141
9.6.1 GROWING DEMAND FOR AUTOMOBILES IN DEVELOPING COUNTRIES TO DRIVE MARKET 141
TABLE 97 AUTOMOTIVE MANUFACTURING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 141
TABLE 98 AUTOMOTIVE MANUFACTURING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 142
TABLE 99 AUTOMOTIVE MANUFACTURING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 142
TABLE 100 AUTOMOTIVE MANUFACTURING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 142
9.6.2 TRANSPORT EQUIPMENT 143
9.7 CHEMICAL 143
9.7.1 RISING DEMAND FOR FERTILIZERS TO DRIVE MARKET 143
TABLE 101 CHEMICAL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 143
TABLE 102 CHEMICAL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 143
TABLE 103 CHEMICAL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 144
TABLE 104 CHEMICAL: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 144
9.8 OIL & GAS 144
9.8.1 NEED FOR LONG-TERM STABILITY AND SMOOTH FUNCTIONING OF MACHINERY TO DRIVE MARKET 144
TABLE 105 OIL & GAS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 144
TABLE 106 OIL & GAS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 145
TABLE 107 OIL & GAS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 145
TABLE 108 OIL & GAS: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 145
9.9 TEXTILE 146
9.9.1 REVOLUTIONIZING TEXTILE PRODUCTION WITH ADVANCED LUBRICATION SOLUTIONS TO DRIVE MARKET 146
TABLE 109 TEXTILE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 146
TABLE 110 TEXTILE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 146
TABLE 111 TEXTILE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 147
TABLE 112 TEXTILE: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 147
9.10 FOOD PROCESSING 147
9.10.1 GROWING AWARENESS ABOUT FOOD SAFETY TO DRIVE MARKET 147
TABLE 113 FOOD PROCESSING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 147
TABLE 114 FOOD PROCESSING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 148
TABLE 115 FOOD PROCESSING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 148
TABLE 116 FOOD PROCESSING: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 148
9.10.2 FOOD 149
9.10.3 BAKERY 149
9.10.4 SUGAR 149
9.10.5 DAIRY 149
9.10.6 MEAT, POULTRY & SEAFOOD 149
9.10.7 BEVERAGE 150
9.10.8 OTHERS 150
9.11 OTHER END-USE INDUSTRIES 150
TABLE 117 OTHER END-USE INDUSTRIES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 150
TABLE 118 OTHER END-USE INDUSTRIES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 151
TABLE 119 OTHER END-USE INDUSTRIES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 151
TABLE 120 OTHER END-USE INDUSTRIES: INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 151
10 INDUSTRIAL LUBRICANTS MARKET, BY REGION 152
10.1 INTRODUCTION 153
FIGURE 37 ASIA PACIFIC TO DOMINATE INDUSTRIAL LUBRICANTS MARKET DURING FORECAST PERIOD 153
TABLE 121 INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 153
TABLE 122 INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 154
TABLE 123 INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 154
TABLE 124 INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 154
10.2 ASIA PACIFIC 155
FIGURE 38 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET SNAPSHOT 155
10.2.1 RECESSION IMPACT 156
10.2.2 ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL 156
TABLE 125 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 156
TABLE 126 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 156
TABLE 127 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 157
TABLE 128 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 157
10.2.3 ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE 157
TABLE 129 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 157
TABLE 130 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 158
TABLE 131 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 158
TABLE 132 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 159
10.2.4 ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY 159
TABLE 133 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 159
TABLE 134 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 160
TABLE 135 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 160
TABLE 136 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 161
10.2.5 ASIA PACIFIC INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY 161
TABLE 137 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 161
TABLE 138 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 162
TABLE 139 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 162
TABLE 140 ASIA PACIFIC: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON) 163
10.2.5.1 China 163
10.2.5.1.1 Increasing population and rapid industrialization to drive market 163
TABLE 141 CHINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 163
TABLE 142 CHINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 164
TABLE 143 CHINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 164
TABLE 144 CHINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 165
10.2.5.2 India 165
10.2.5.2.1 Rapid urbanization and population growth to drive market 165
TABLE 145 INDIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 165
TABLE 146 INDIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 166
TABLE 147 INDIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 166
TABLE 148 INDIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 167
10.2.5.3 Japan 167
10.2.5.3.1 Government’s fiscal support and technology development to drive market 167
TABLE 149 JAPAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 168
TABLE 150 JAPAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 168
TABLE 151 JAPAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 169
TABLE 152 JAPAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 169
10.2.5.4 South Korea 170
10.2.5.4.1 Increasing demand from transportation sector to drive market 170
TABLE 153 SOUTH KOREA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 170
TABLE 154 SOUTH KOREA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 171
TABLE 155 SOUTH KOREA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 171
TABLE 156 SOUTH KOREA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 172
10.2.5.5 Australia & New Zealand 172
10.2.5.5.1 Growing mining industry to drive demand for industrial lubricants 172
TABLE 157 AUSTRALIA & NEW ZEALAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 173
TABLE 158 AUSTRALIA & NEW ZEALAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 173
TABLE 159 AUSTRALIA & NEW ZEALAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 174
TABLE 160 AUSTRALIA & NEW ZEALAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 174
10.2.5.6 Thailand 175
10.2.5.6.1 Increasing production of automotive parts to drive market 175
TABLE 161 THAILAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 175
TABLE 162 THAILAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 176
TABLE 163 THAILAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 176
TABLE 164 THAILAND: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 177
10.2.5.7 Indonesia 177
10.2.5.7.1 Rising oil production to drive market 177
TABLE 165 INDONESIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 178
TABLE 166 INDONESIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 178
TABLE 167 INDONESIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 179
TABLE 168 INDONESIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 179
10.3 EUROPE 180
FIGURE 39 EUROPE: INDUSTRIAL LUBRICANTS MARKET SNAPSHOT 180
10.3.1 RECESSION IMPACT 181
10.3.2 EUROPE INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL 181
TABLE 169 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 181
TABLE 170 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 181
TABLE 171 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 182
TABLE 172 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 182
10.3.3 EUROPE INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE 182
TABLE 173 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 182
TABLE 174 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 183
TABLE 175 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 183
TABLE 176 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 184
10.3.4 EUROPE INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY 184
TABLE 177 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 184
TABLE 178 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 185
TABLE 179 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 185
TABLE 180 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 186
10.3.5 EUROPE INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY 186
TABLE 181 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 186
TABLE 182 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 187
TABLE 183 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 187
TABLE 184 EUROPE: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON) 188
10.3.5.1 Russia 188
10.3.5.1.1 Growing middle-class population and low fuel prices to drive market 188
TABLE 185 RUSSIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 188
TABLE 186 RUSSIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 189
TABLE 187 RUSSIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 189
TABLE 188 RUSSIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 190
10.3.5.2 Germany 190
10.3.5.2.1 Growing industrial activities to drive market 190
TABLE 189 GERMANY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 190
TABLE 190 GERMANY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 191
TABLE 191 GERMANY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 191
TABLE 192 GERMANY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 192
10.3.5.3 UK 192
10.3.5.3.1 Increasing R&D activities to support market growth 192
TABLE 193 UK: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 193
TABLE 194 UK: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 193
TABLE 195 UK: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 194
TABLE 196 UK: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 194
10.3.5.4 France 195
10.3.5.4.1 Rising spending power to fuel demand 195
TABLE 197 FRANCE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 195
TABLE 198 FRANCE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 196
TABLE 199 FRANCE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 196
TABLE 200 FRANCE: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 197
10.3.5.5 Italy 197
10.3.5.5.1 Growth in manufacturing industry to fuel demand for industrial lubricants 197
TABLE 201 ITALY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 198
TABLE 202 ITALY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 198
TABLE 203 ITALY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 199
TABLE 204 ITALY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 199
10.3.5.6 Spain 200
10.3.5.6.1 Growth in automotive sector to drive market growth 200
TABLE 205 SPAIN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 200
TABLE 206 SPAIN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 200
TABLE 207 SPAIN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 201
TABLE 208 SPAIN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 201
10.3.5.7 Turkey 202
10.3.5.7.1 Increasing automotive sales to fuel demand 202
TABLE 209 TURKEY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 202
TABLE 210 TURKEY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 202
TABLE 211 TURKEY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 203
TABLE 212 TURKEY: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 203
10.4 NORTH AMERICA 204
FIGURE 40 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SNAPSHOT 204
10.4.1 RECESSION IMPACT 205
10.4.2 NORTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL 205
TABLE 213 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 205
TABLE 214 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 205
TABLE 215 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 206
TABLE 216 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 206
10.4.3 NORTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE 206
TABLE 217 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 206
TABLE 218 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 207
TABLE 219 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 207
TABLE 220 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 208
10.4.4 NORTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY 208
TABLE 221 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 208
TABLE 222 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 209
TABLE 223 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 209
TABLE 224 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 210
10.4.5 NORTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY 210
TABLE 225 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 210
TABLE 226 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 210
TABLE 227 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 211
TABLE 228 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON) 211
10.4.5.1 US 211
10.4.5.1.1 Strong industrial infrastructure and increasing environmental awareness to drive market 211
TABLE 229 US: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 212
TABLE 230 US: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 212
TABLE 231 US: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 213
TABLE 232 US: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 213
10.4.5.2 Canada 213
10.4.5.2.1 Growing automotive industry to drive market 213
TABLE 233 CANADA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 214
TABLE 234 CANADA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 214
TABLE 235 CANADA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 215
TABLE 236 CANADA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 215
10.4.5.3 Mexico 216
10.4.5.3.1 Growing power generation and manufacturing sectors to drive market 216
TABLE 237 MEXICO: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 216
TABLE 238 MEXICO: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 216
TABLE 239 MEXICO: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 217
TABLE 240 MEXICO: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 217
10.5 MIDDLE EAST & AFRICA 218
10.5.1 RECESSION IMPACT 218
10.5.2 MIDDLE EAST & AFRICA INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL 218
TABLE 241 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 218
TABLE 242 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 219
TABLE 243 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 219
TABLE 244 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 219
10.5.3 MIDDLE EAST & AFRICA INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE 220
TABLE 245 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 220
TABLE 246 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 220
TABLE 247 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 221
TABLE 248 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 221
10.5.4 MIDDLE EAST & AFRICA INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY 222
TABLE 249 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 222
TABLE 250 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 222
TABLE 251 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 223
TABLE 252 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 223
10.5.5 MIDDLE EAST & AFRICA INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY 224
TABLE 253 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 224
TABLE 254 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 224
TABLE 255 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 225
TABLE 256 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON) 225
10.5.5.1 GCC 225
10.5.5.1.1 Saudi Arabia 226
TABLE 257 SAUDI ARABIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 226
TABLE 258 SAUDI ARABIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 227
TABLE 259 SAUDI ARABIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 227
TABLE 260 SAUDI ARABIA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 228
10.5.5.2 Iran 228
10.5.5.2.1 Rapid growth in industrial sectors to drive market 228
TABLE 261 IRAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 229
TABLE 262 IRAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 229
TABLE 263 IRAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 230
TABLE 264 IRAN: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 230
10.5.5.3 South Africa 231
10.5.5.3.1 Rapid growth in automotive, industrial, and consumer goods to drive market 231
TABLE 265 SOUTH AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 231
TABLE 266 SOUTH AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 232
TABLE 267 SOUTH AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 232
TABLE 268 SOUTH AFRICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 233
10.6 SOUTH AMERICA 233
10.6.1 RECESSION IMPACT 233
10.6.2 SOUTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL 234
TABLE 269 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 234
TABLE 270 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 234
TABLE 271 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 234
TABLE 272 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 235
10.6.3 SOUTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE 235
TABLE 273 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 235
TABLE 274 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 235
TABLE 275 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 236
TABLE 276 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 236
10.6.4 SOUTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY 237
TABLE 277 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 237
TABLE 278 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 237
TABLE 279 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 238
TABLE 280 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 238
10.6.5 SOUTH AMERICA INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY 239
TABLE 281 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 239
TABLE 282 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 239
TABLE 283 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 239
TABLE 284 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON) 240
10.6.5.1 Brazil 240
10.6.5.1.1 Significant investments in manufacturing industry to drive demand 240
TABLE 285 BRAZIL: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 240
TABLE 286 BRAZIL: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 241
TABLE 287 BRAZIL: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 241
TABLE 288 BRAZIL: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 242
10.6.5.2 Argentina 242
10.6.5.2.1 Developing mining industry to support market growth 242
TABLE 289 ARGENTINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 242
TABLE 290 ARGENTINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 243
TABLE 291 ARGENTINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 243
TABLE 292 ARGENTINA: INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 244
11 COMPETITIVE LANDSCAPE 245
11.1 INTRODUCTION 245
11.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN 245
TABLE 293 OVERVIEW OF STRATEGIES ADOPTED BY KEY INDUSTRIAL LUBRICANT MANUFACTURERS 245
11.3 MARKET SHARE ANALYSIS 246
TABLE 294 INDUSTRIAL LUBRICANTS MARKET: DEGREE OF COMPETITION 247
FIGURE 41 SHELL PLC LED INDUSTRIAL LUBRICANTS MARKET IN 2023 247
11.3.1 RANKING OF KEY MARKET PLAYERS 248
FIGURE 42 RANKING OF KEY PLAYERS IN INDUSTRIAL LUBRICANTS MARKET, 2023 248
11.4 REVENUE ANALYSIS 249
FIGURE 43 REVENUE ANALYSIS OF KEY COMPANIES (2019−2023) 249
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 249
11.5.1 STARS 249
11.5.2 EMERGING LEADERS 249
11.5.3 PERVASIVE PLAYERS 249
11.5.4 PARTICIPANTS 250
FIGURE 44 INDUSTRIAL LUBRICANTS MARKET: COMPANY EVALUATION MATRIX, 2023 250
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 251
11.5.5.1 Company footprint 251
FIGURE 45 INDUSTRIAL LUBRICANTS MARKET: COMPANY OVERALL FOOTPRINT 251
11.5.5.2 Region footprint 252
TABLE 295 INDUSTRIAL LUBRICANTS MARKET: COMPANY REGION FOOTPRINT 252
11.5.5.3 Base oil footprint 253
TABLE 296 INDUSTRIAL LUBRICANTS MARKET: COMPANY BASE OIL FOOTPRINT 253
11.5.5.4 Product type footprint 254
TABLE 297 INDUSTRIAL LUBRICANTS MARKET: COMPANY PRODUCT TYPE FOOTPRINT 254
11.5.5.5 End-use industry footprint 255
TABLE 298 INDUSTRIAL LUBRICANTS MARKET: COMPANY END-USE INDUSTRY FOOTPRINT 255
11.6 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 256
11.6.1 PROGRESSIVE COMPANIES 256
11.6.2 RESPONSIVE COMPANIES 256
11.6.3 DYNAMIC COMPANIES 256
11.6.4 STARTING BLOCKS 256
FIGURE 46 INDUSTRIAL LUBRICANTS MARKET: START-UPS/SMES EVALUATION MATRIX, 2023 257
11.6.5 COMPETITIVE BENCHMARKING 257
11.6.5.1 Industrial lubricants market: Detailed list of key start-ups/SMEs 257
11.6.5.2 Industrial lubricants market: Competitive benchmarking of key start-ups/SMEs 258
11.7 COMPANY EVALUATION AND FINANCIAL METRICS 258
FIGURE 47 COMPANY VALUATION AND FINANCIAL METRICS OF KEY PLAYERS 258
FIGURE 48 EV/EBITDA OF KEY PLAYERS 259
11.8 BRAND/PRODUCT COMPARISON 259
11.9 COMPETITIVE SITUATION AND TRENDS 260
11.9.1 PRODUCT LAUNCHES 260
TABLE 299 INDUSTRIAL LUBRICANTS MARKET: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024 260
11.9.2 DEALS 261
TABLE 300 INDUSTRIAL LUBRICANTS MARKET: DEALS, JANUARY 2019–APRIL 2024 261
11.9.3 EXPANSIONS 264
TABLE 301 INDUSTRIAL LUBRICANTS MARKET: EXPANSIONS, JANUARY 2019–APRIL 2024 264
11.9.4 OTHER DEVELOPMENTS 267
TABLE 302 INDUSTRIAL LUBRICANTS MARKET: OTHER DEVELOPMENTS, JANUARY 2019–APRIL 2024 267
12 COMPANY PROFILE 268
12.1 MAJOR PLAYERS 268
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats)*
12.1.1 EXXON MOBIL CORPORATION 268
TABLE 303 EXXON MOBIL CORPORATION: COMPANY OVERVIEW 268
FIGURE 49 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT 269
TABLE 304 EXXON MOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269
TABLE 305 EXXON MOBIL CORPORATION: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024 274
TABLE 306 EXXON MOBIL CORPORATION: EXPANSIONS, JANUARY 2019–FEBRUARY 2024 274
12.1.2 TOTALENERGIES SE 276
TABLE 307 TOTALENERGIES SE: COMPANY OVERVIEW 276
FIGURE 50 TOTALENERGIES SE: COMPANY SNAPSHOT 277
TABLE 308 TOTALENERGIES SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 277
TABLE 309 TOTALENERGIES SE: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024 279
TABLE 310 TOTALENERGIES SE: DEALS, JANUARY 2019–APRIL 2024 279
TABLE 311 TOTALENERGIES SE: EXPANSIONS, JANUARY 2019–APRIL 2024 280
12.1.3 SHELL PLC 281
TABLE 312 SHELL PLC: COMPANY OVERVIEW 281
FIGURE 51 SHELL PLC: COMPANY SNAPSHOT 282
TABLE 313 SHELL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 282
TABLE 314 SHELL PLC: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024 284
TABLE 315 SHELL PLC: DEALS, JANUARY 2019–APRIL 2024 285
TABLE 316 SHELL PLC: EXPANSIONS, JANUARY 2019–APRIL 2024 285
TABLE 317 SHELL PLC: OTHER DEVELOPMENTS, JANUARY 2019–APRIL 2024 286
12.1.4 CHEVRON CORPORATION 287
TABLE 318 CHEVRON CORPORATION: COMPANY OVERVIEW 287
FIGURE 52 CHEVRON CORPORATION: COMPANY SNAPSHOT 288
TABLE 319 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 288
TABLE 320 CHEVRON CORPORATION: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024 291
TABLE 321 CHEVRON CORPORATION: DEALS, JANUARY 2019–APRIL 2024 291
TABLE 322 CHEVRON CORPORATION: EXPANSIONS, JANUARY 2019–APRIL 2024 292
12.1.5 BP P.L.C. 293
TABLE 323 BP P.L.C.: COMPANY OVERVIEW 293
FIGURE 53 BP P.L.C.: COMPANY SNAPSHOT 294
TABLE 324 BP P.L.C.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 294
TABLE 325 BP P.L.C.: EXPANSIONS, JANUARY 2019–APRIL 2024 296
12.1.6 PETROCHINA COMPANY LIMITED 297
TABLE 326 PETROCHINA COMPANY LIMITED: COMPANY OVERVIEW 297
FIGURE 54 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT 298
TABLE 327 PETROCHINA COMPANY LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 298
TABLE 328 PETROCHINA COMPANY LIMITED: DEALS, JANUARY 2019–APRIL 2024 299
12.1.7 CHINA PETROLEUM & CHEMICAL CORPORATION 300
TABLE 329 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY OVERVIEW 300
FIGURE 55 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT 301
TABLE 330 CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 301
TABLE 331 CHINA PETROLEUM & CHEMICAL CORPORATION: DEALS, JANUARY 2019–APRIL 2024 304
TABLE 332 CHINA PETROLEUM & CHEMICAL CORPORATION: EXPANSIONS, JANUARY 2019–APRIL 2024 304
12.1.8 ENEOS HOLDINGS, INC. 305
TABLE 333 ENEOS HOLDINGS, INC.: COMPANY OVERVIEW 305
FIGURE 56 ENEOS HOLDINGS, INC.: COMPANY SNAPSHOT 305
TABLE 334 ENEOS HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 306
TABLE 335 ENEOS HOLDINGS, INC.: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024 307
TABLE 336 ENEOS HOLDINGS, INC.: DEALS, JANUARY 2019–APRIL 2024 307
TABLE 337 ENEOS HOLDINGS, INC.: EXPANSIONS, JANUARY 2019–APRIL 2024 307
12.1.9 IDEMITSU KOSAN CO., LTD. 308
TABLE 338 IDEMITSU KOSAN CO., LTD.: COMPANY OVERVIEW 308
FIGURE 57 IDEMITSU KOSAN CO., LTD.: COMPANY SNAPSHOT 309
TABLE 339 IDEMITSU KOSAN CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 309
TABLE 340 IDEMITSU KOSAN CO., LTD.: DEALS, JANUARY 2019–APRIL 2024 310
TABLE 341 IDEMITSU KOSAN CO., LTD.: EXPANSIONS, JANUARY 2019–APRIL 2024 311
TABLE 342 IDEMITSU KOSAN CO., LTD.: OTHER DEVELOPMENTS, JANUARY 2019–APRIL 2024 311
12.1.10 FUCHS SE 312
TABLE 343 FUCHS SE: COMPANY OVERVIEW 312
FIGURE 58 FUCHS SE: COMPANY SNAPSHOT 313
TABLE 344 FUCHS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 313
TABLE 345 FUCHS SE: DEALS, JANUARY 2019–APRIL 2024 315
TABLE 346 FUCHS SE: EXPANSIONS, JANUARY 2019–APRIL 2024 315
12.1.11 PETROLIAM NASIONAL BERHAD (PETRONAS) 316
TABLE 347 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY OVERVIEW 316
FIGURE 59 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY SNAPSHOT 317
TABLE 348 PETROLIAM NASIONAL BERHAD (PETRONAS): PRODUCTS/SOLUTIONS/SERVICES OFFERED 317
TABLE 349 PETROLIAM NASIONAL BERHAD (PETRONAS): DEALS, JANUARY 2019–APRIL 2024 319
TABLE 350 PETROLIAM NASIONAL BERHAD (PETRONAS): EXPANSIONS, JANUARY 2019–APRIL 2024 319
12.2 START-UPS AND SMES 320
12.2.1 ENOC COMPANY 320
TABLE 351 ENOC COMPANY: COMPANY OVERVIEW 320
12.2.2 PETROLEO BRASILEIRO S.A. (PETROBRAS) 320
TABLE 352 PETROLEO BRASILEIRO S.A. (PETROBRAS): COMPANY OVERVIEW 320
12.2.3 PJSC LUKOIL 321
TABLE 353 PJSC LUKOIL: COMPANY OVERVIEW 321
12.2.4 PT PERTAMINA (PERSERO) 321
TABLE 354 PT PERTAMINA (PERSERO): COMPANY OVERVIEW 321
12.2.5 ENI S.P.A. 322
TABLE 355 ENI S.P.A.: COMPANY OVERVIEW 322
12.2.6 PJSC ROSNEFT OIL COMPANY 322
TABLE 356 PJSC ROSNEFT OIL COMPANY: COMPANY OVERVIEW 322
12.2.7 GAZPROMNEFT-SM LLC 323
TABLE 357 GAZPROMNEFT-SM LLC: COMPANY OVERVIEW 323
12.2.8 GULF OIL INTERNATIONAL LTD. 323
TABLE 358 GULF OIL INTERNATIONAL LTD.: COMPANY OVERVIEW 323
12.2.9 PHILLIPS 66 324
TABLE 359 PHILLIPS 66: COMPANY OVERVIEW 324
12.2.10 INDIAN OIL CORPORATION LIMITED 325
TABLE 360 INDIAN OIL CORPORATION LIMITED: COMPANY OVERVIEW 325
12.2.11 COSMO OIL LUBRICANTS CO., LTD. 325
TABLE 361 COSMO OIL LUBRICANTS CO., LTD.: COMPANY OVERVIEW 325
12.2.12 KLUBER LUBRICATION 326
TABLE 362 KLUBER LUBRICATION: COMPANY OVERVIEW 326
12.2.13 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL) 326
TABLE 363 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL): COMPANY OVERVIEW 326
12.2.14 MOTUL S.A. 327
TABLE 364 MOTUL S.A.: COMPANY OVERVIEW 327
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.
13 ADJACENT & RELATED MARKETS 328
13.1 INTRODUCTION 328
13.2 LIMITATION 328
13.3 SYNTHETIC LUBRICANTS MARKET 328
13.3.1 MARKET DEFINITION 328
13.3.2 MARKET OVERVIEW 328
13.4 SYNTHETIC LUBRICANTS MARKET, BY REGION 329
TABLE 365 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION) 329
TABLE 366 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION) 329
TABLE 367 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON) 329
TABLE 368 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON) 330
13.4.1 EUROPE 330
TABLE 369 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION) 330
TABLE 370 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 330
TABLE 371 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON) 331
TABLE 372 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 331
13.4.2 NORTH AMERICA 331
TABLE 373 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION) 331
TABLE 374 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 331
TABLE 375 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON) 332
TABLE 376 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 332
13.4.3 ASIA PACIFIC 332
TABLE 377 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION) 332
TABLE 378 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 333
TABLE 379 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON) 333
TABLE 380 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 333
13.4.4 MIDDLE EAST & AFRICA 334
TABLE 381 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION) 334
TABLE 382 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 334
TABLE 383 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON) 334
TABLE 384 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 335
13.4.5 SOUTH AMERICA 335
TABLE 385 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION) 335
TABLE 386 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 335
TABLE 387 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON) 336
TABLE 388 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 336
14 APPENDIX 337
14.1 DISCUSSION GUIDE 337
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 340
14.3 CUSTOMIZATION OPTIONS 342
14.4 RELATED REPORTS 342
14.5 AUTHOR DETAILS 343