
U.S. Industrial Lubricants Market - Industry Outlook and Forecast 2022-2027
Description
U.S. Industrial Lubricants Market - Industry Outlook and Forecast 2022-2027
The U.S. industrial lubricants market is expected t grow at a CAGR of 3.11% from 2022 t 2027
MARKET OVERVIEW
The U.S. industrial lubricants market is evolving t cater t customers' changing needs and preferences. Industrial lubricants were used t prevent corrosion, reduce friction, and offer cooling effects t equipment. However, with advancements in technology, the U.S. lubricants market now offers extended benefits such as it reduces the interval for changing oil, increasing the equipment life of the machine, emitting low carbon, and reducing the equipment maintenance cost. The industry has undergone significant changes due t the recent developments, evolving needs, and preferences of customers.
Due t rising environmental concerns and stringent governmental regulations, the demand for bio-based lubricants manufactured from bio-based oil is growing, contributing t the growth of the U.S. industrial lubricants market. U.S. industrial lubricants are manufactured t protect machines and equipment from wear and tear, reduce downtime, prolong service intervals, and lower maintenance costs. Further, the South region is expected t continue t dominate the industrial lubricant market due t the high penetration of manufacturing units such as manufacturing, construction, chemical, and oil & gas.
KEY TRENDS & DRIVERS
Industrial lubricants are used in almost every renewable energy generating power, such as wind, hydroelectric, and solar power plants. Using lubricants highly increases efficiency and allows for low power loss, less breakdown time, and low maintenance, resulting in increased productivity and service life. Hence it is highly used in renewable energy plants, which further contributes t the growth of the U.S. industrial lubricants market.
MARKET RESTRAINTS
SEGMENT ANALYSIS
The industrial oil segment is estimated t be the largest segment in U.S. industrial lubricants market. The oil used for lubrication in industrial machinery and equipment is called industrial oil. All industrial oils consist of base oils such as mineral oil, synthetic oil, or bio-based oil. Industrial oils include hydraulic fluid, compressor oil, refrigeration oil, cylinder oil, spindle oil, and transformer oil. Industrial oils are used t improve the performance of industrial machinery and equipment and protect them against damage during operations.
Segmentation by Product Type
The Western, South, Midwest, and Northeast are four key regions in which the U.S. industrial lubricants market is divided and their corresponding regions. The geographical segment examines demand & supply side aspects impacting the industrial market and critical factors affecting the industry throughout the forecast period, such as drivers, constraints, opportunities & future trends. Political, sociological, and technical als impact the U.S. industrial lubricants market.
The South region is the largest industry for industrial lubricants in the US. This region consists of major manufacturing states such as Texas, North Carolina, and Florida. The demand for lubricants in the Southern U.S. is driven by strict emission regulations and the growing sustainability trend. In addition, the booming automotive, manufacturing, and construction industries als support the U.S. industrial lubricants market growth.
Segmentation by Geography
Florida
Arizona
Indiana
New Jersey
COMPETITIVE ANALYSIS
The competitive scenari in the U.S. industrial lubricants market is currently intensifying. In the industrial lubricants market, the initial capital investment is very high in terms of setting up a manufacturing plant and developing a supply chain network. In addition, there are many well-established players in the lubricants industry, and producing industrial lubricants from crude oil and other additives is a very complex process.
The U.S. industrial lubricants market consists of major global multinational players such as Shell plc (UK), ExxonMobil Corporation (US), Chevron Corporation (US), Valvoline (US), and Phillips 66 Company (US) in the lubricants industry. The major players focus on innovation, product diversification & entering new industries.
The rapidly changing industry scenari with an increasing emphasis on sustainability is expected t provide growth opportunities t vendors. Chevron Corporation is a US-based multinational company founded in 1879 and headquartered in California, the U.S. In the coming years, the company aims t become one of the top renewable energy producers globally. Hence, the company is highly investing in solar and wind power, which would help increase energy storage.
Key Vendors
1. How much is the U.S. industrial lubricants market worth?
2. What is the U.S. industrial lubricants market growth rate?
3. Wh are the key players in the industrial lubricants market in the U.S?
4. What are the major factors driving the U.S. industrial lubricants market?
5. Which region holds the U.S. industrial lubricants market share?
The U.S. industrial lubricants market is expected t grow at a CAGR of 3.11% from 2022 t 2027
MARKET OVERVIEW
The U.S. industrial lubricants market is evolving t cater t customers' changing needs and preferences. Industrial lubricants were used t prevent corrosion, reduce friction, and offer cooling effects t equipment. However, with advancements in technology, the U.S. lubricants market now offers extended benefits such as it reduces the interval for changing oil, increasing the equipment life of the machine, emitting low carbon, and reducing the equipment maintenance cost. The industry has undergone significant changes due t the recent developments, evolving needs, and preferences of customers.
Due t rising environmental concerns and stringent governmental regulations, the demand for bio-based lubricants manufactured from bio-based oil is growing, contributing t the growth of the U.S. industrial lubricants market. U.S. industrial lubricants are manufactured t protect machines and equipment from wear and tear, reduce downtime, prolong service intervals, and lower maintenance costs. Further, the South region is expected t continue t dominate the industrial lubricant market due t the high penetration of manufacturing units such as manufacturing, construction, chemical, and oil & gas.
KEY TRENDS & DRIVERS
- Growth In Renewable Energy Sector
Industrial lubricants are used in almost every renewable energy generating power, such as wind, hydroelectric, and solar power plants. Using lubricants highly increases efficiency and allows for low power loss, less breakdown time, and low maintenance, resulting in increased productivity and service life. Hence it is highly used in renewable energy plants, which further contributes t the growth of the U.S. industrial lubricants market.
- Increasing Use Of High-Performance Lubricants
MARKET RESTRAINTS
- Environmental Concerns Associated With Use And Disposal Of Industrial Lubricants
SEGMENT ANALYSIS
- INSIGHTS BY PRODUCT TYPE
The industrial oil segment is estimated t be the largest segment in U.S. industrial lubricants market. The oil used for lubrication in industrial machinery and equipment is called industrial oil. All industrial oils consist of base oils such as mineral oil, synthetic oil, or bio-based oil. Industrial oils include hydraulic fluid, compressor oil, refrigeration oil, cylinder oil, spindle oil, and transformer oil. Industrial oils are used t improve the performance of industrial machinery and equipment and protect them against damage during operations.
- INSIGHTS BY END-USE
Segmentation by Product Type
- Industrial Oil
- Metalworking Fluid
- Process Oil
- Grease
- Manufacturing
- Power Generation
- Metal & Mining
- Construction
- Others
The Western, South, Midwest, and Northeast are four key regions in which the U.S. industrial lubricants market is divided and their corresponding regions. The geographical segment examines demand & supply side aspects impacting the industrial market and critical factors affecting the industry throughout the forecast period, such as drivers, constraints, opportunities & future trends. Political, sociological, and technical als impact the U.S. industrial lubricants market.
The South region is the largest industry for industrial lubricants in the US. This region consists of major manufacturing states such as Texas, North Carolina, and Florida. The demand for lubricants in the Southern U.S. is driven by strict emission regulations and the growing sustainability trend. In addition, the booming automotive, manufacturing, and construction industries als support the U.S. industrial lubricants market growth.
Segmentation by Geography
- The U.S.
- South
Florida
- West
Arizona
- Midwest
Indiana
- Northeast
New Jersey
COMPETITIVE ANALYSIS
The competitive scenari in the U.S. industrial lubricants market is currently intensifying. In the industrial lubricants market, the initial capital investment is very high in terms of setting up a manufacturing plant and developing a supply chain network. In addition, there are many well-established players in the lubricants industry, and producing industrial lubricants from crude oil and other additives is a very complex process.
The U.S. industrial lubricants market consists of major global multinational players such as Shell plc (UK), ExxonMobil Corporation (US), Chevron Corporation (US), Valvoline (US), and Phillips 66 Company (US) in the lubricants industry. The major players focus on innovation, product diversification & entering new industries.
The rapidly changing industry scenari with an increasing emphasis on sustainability is expected t provide growth opportunities t vendors. Chevron Corporation is a US-based multinational company founded in 1879 and headquartered in California, the U.S. In the coming years, the company aims t become one of the top renewable energy producers globally. Hence, the company is highly investing in solar and wind power, which would help increase energy storage.
Key Vendors
- Shell plc
- Exxon Mobil Corporation
- Chevron Corporation
- Valvoline
- Phillips 66 Company
- Clariant
- Castrol Limited
- DuBois Chemicals
- ENI
- FUCHS
- Gulf Oil International Limited
- Klüber Lubrication
- Motul
- Morris Lubricants
- Petro-Florida
- Petronas Lubricants International
- Petr Canada Lubricants Inc.
- Renewable Lubricants
- Repsol
- SINOPEC
- Total Energies
1. How much is the U.S. industrial lubricants market worth?
2. What is the U.S. industrial lubricants market growth rate?
3. Wh are the key players in the industrial lubricants market in the U.S?
4. What are the major factors driving the U.S. industrial lubricants market?
5. Which region holds the U.S. industrial lubricants market share?
Table of Contents
189 Pages
- 1 RESEARCH METHODOLOGY
- 2 RESEARCH OBJECTIVES
- 3 RESEARCH PROCESS
- 4 SCOPE & COVERAGE
- 4.1 MARKET DEFINITION
- 4.1.1 INCLUSIONS
- 4.1.2 EXCLUSIONS
- 4.1.3 MARKET ESTIMATION CAVEATS
- 4.2 BASE YEAR
- 4.3 SCOPE OF THE STUDY
- 5 REPORT ASSUMPTIONS & CAVEATS
- 5.1 KEY CAVEATS
- 5.2 CURRENCY CONVERSION
- 5.3 MARKET DERIVATION
- 6 MARKET AT A GLANCE
- 7 PREMIUM INSIGHTS
- 7.1 US INDUSTRIAL LUBRICANTS MARKETS — COUNTRY FORECAST (2022-2027)
- 7.1.1 MARKET OVERVIEW
- 7.2 MARKET SYNOPSIS
- 7.2.1 TREND
- 7.2.2 DRIVER
- 7.2.3 RESTRAINT
- 7.3 SEGMENT REVIEW
- 7.3.1 COMPANIES & STRATEGIES
- 8 INTRODUCTION
- 8.1 OVERVIEW
- 8.2 VALUE CHAIN ANALYSIS
- 8.2.1 RAW MATERIAL SUPPLIERS
- 8.2.2 MANUFACTURERS
- 8.2.3 DISTRIBUTORS
- 8.2.4 END-USERS
- 9 MARKET OPPORTUNITIES & TRENDS
- 9.1 TREND OF BIO-BASED LUBRICANTS
- 9.2 INCREASED USE OF RENEWABLE ENERGY
- 9.3 AUTOMATION OF INDUSTRIAL PROCESSES
- 10 MARKET GROWTH ENABLERS
- 10.1 INCREASED USE OF HIGH-PERFORMANCE LUBRICANTS
- 10.2 NEW-AGE MANUFACTURING & CONSTRUCTION ACTIVITIES
- 11 MARKET RESTRAINTS
- 11.1 FLUCTUATIONS IN CRUDE OIL PRICES
- 11.2 ENVIRONMENTAL CONCERNS ASSOCIATED WITH USE & DISPOSAL OF INDUSTRIAL LUBRICANTS
- 12 MARKET LANDSCAPE
- 12.1 MARKET OVERVIEW
- 12.2 MARKET SIZE & FORECAST
- 12.3 FIVE FORCES ANALYSIS
- 12.3.1 THREAT OF NEW ENTRANTS
- 12.3.2 BARGAINING POWER OF SUPPLIERS
- 12.3.3 BARGAINING POWER OF BUYERS
- 12.3.4 THREAT OF SUBSTITUTES
- 12.3.5 COMPETITIVE RIVALRY
- 13 PRODUCT TYPE
- 13.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
- 13.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
- 13.3 MARKET OVERVIEW
- 13.4 INDUSTRIAL OIL
- 13.4.1 MARKET OVERVIEW
- 13.4.2 MARKET SIZE & FORECAST
- 13.4.3 MARKET BY GEOGRAPHY
- 13.5 METALWORKING FLUIDS
- 13.5.1 MARKET OVERVIEW
- 13.5.2 MARKET SIZE & FORECAST
- 13.5.3 MARKET BY GEOGRAPHY
- 13.6 PROCESS OIL
- 13.6.1 MARKET OVERVIEW
- 13.6.2 MARKET SIZE & FORECAST
- 13.6.3 MARKET BY GEOGRAPHY
- 13.7 GREASE
- 13.7.1 MARKET OVERVIEW
- 13.7.2 MARKET SIZE & FORECAST
- 13.7.3 MARKET BY GEOGRAPHY
- 14 END-USE
- 14.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
- 14.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
- 14.3 MARKET OVERVIEW
- 14.4 MANUFACTURING
- 14.4.1 MARKET OVERVIEW
- 14.4.2 MARKET SIZE & FORECAST
- 14.4.3 MARKET BY GEOGRAPHY
- 14.5 POWER GENERATION
- 14.5.1 MARKET OVERVIEW
- 14.5.2 MARKET SIZE & FORECAST
- 14.5.3 MARKET BY GEOGRAPHY
- 14.6 METAL & MINING
- 14.6.1 MARKET OVERVIEW
- 14.6.2 MARKET SIZE & FORECAST
- 14.6.3 MARKET BY GEOGRAPHY
- 14.7 CONSTRUCTION
- 14.7.1 BUSINESS OVERVIEW
- 14.7.2 MARKET SIZE & FORECAST
- 14.7.3 MARKET BY GEOGRAPHY
- 14.8 OTHERS
- 14.8.1 BUSINESS OVERVIEW
- 14.8.2 MARKET SIZE & FORECAST
- 14.8.3 MARKET BY GEOGRAPHY
- 15 REGION
- 15.1 MARKET SNAPSHOT & GROWTH ENGINE
- 15.2 MARKET SNAPSHOT & GROWTH ENGINE
- 15.3 REGION OVERVIEW
- 16 SOUTH
- 16.1 MARKET OVERVIEW
- 16.1.1 TEXAS
- 16.1.2 FLORIDA
- 16.2 MARKET SIZE & FORECAST
- 16.3 PRODUCT TYPE
- 16.3.1 MARKET SIZE & FORECAST
- 16.4 END-USE
- 16.4.1 MARKET SIZE & FORECAST
- 17 WEST
- 17.1 MARKET OVERVIEW
- 17.1.1 CALIFORNIA
- 17.1.2 ARIZONA
- 17.2 MARKET SIZE & FORECAST
- 17.3 PRODUCT TYPE
- 17.3.1 MARKET SIZE & FORECAST
- 17.4 END-USE
- 17.4.1 MARKET SIZE & FORECAST
- 18 MIDWEST
- 18.1 MARKET OVERVIEW
- 18.1.1 OHIO
- 18.1.2 INDIANA
- 18.2 MARKET SIZE & FORECAST
- 18.3 PRODUCT TYPE
- 18.3.1 MARKET SIZE & FORECAST
- 18.4 END-USE
- 18.4.1 MARKET SIZE & FORECAST
- 19 NORTHEAST
- 19.1 MARKET OVERVIEW
- 19.1.1 NEW YORK
- 19.1.2 NEW JERSEY
- 19.2 MARKET SIZE & FORECAST
- 19.3 PRODUCT TYPE
- 19.3.1 MARKET SIZE & FORECAST
- 19.4 END-USE
- 19.4.1 MARKET SIZE & FORECAST
- 20 COMPETITIVE LANDSCAPE
- 20.1 COMPETITION OVERVIEW
- 21 KEY COMPANY PROFILES
- 21.1 CHEVRON CORPORATION
- 21.1.1 BUSINESS OVERVIEW
- 21.1.2 CHEVRON CORPORATION IN US INDUSTRIAL LUBRICANTS MARKET
- 21.1.3 PRODUCT OFFERINGS
- 21.1.4 KEY STRATEGIES
- 21.1.5 KEY STRENGTHS
- 21.1.6 KEY OPPORTUNITIES
- 21.2 EXXON MOBIL CORPORATION
- 21.2.1 BUSINESS OVERVIEW
- 21.2.2 EXXON MOBIL CORPORATION IN US INDUSTRIAL LUBRICANTS MARKET
- 21.2.3 PRODUCT OFFERINGS
- 21.2.4 KEY STRATEGIES
- 21.2.5 KEY STRENGTHS
- 21.2.6 KEY OPPORTUNITIES
- 21.3 PHILLIPS 66 COMPANY
- 21.3.1 BUSINESS OVERVIEW
- 21.3.2 PHILLIPS 66 COMPANY IN US INDUSTRIAL LUBRICANTS MARKET
- 21.3.3 PRODUCT OFFERINGS
- 21.3.4 KEY STRATEGIES
- 21.3.5 KEY STRENGTHS
- 21.3.6 KEY OPPORTUNITIES
- 21.4 SHELL PLC
- 21.4.1 BUSINESS OVERVIEW
- 21.4.2 SHELL PLC IN US INDUSTRIAL LUBRICANTS MARKET
- 21.4.3 PRODUCT OFFERINGS
- 21.4.4 KEY STRATEGIES
- 21.4.5 KEY STRENGTHS
- 21.4.6 KEY OPPORTUNITIES
- 21.5 VALVOLINE INC.
- 21.5.1 BUSINESS OVERVIEW
- 21.5.2 VALVOLINE INC. IN US INDUSTRIAL LUBRICANTS MARKET
- 21.5.3 PRODUCT OFFERINGS
- 21.5.4 KEY STRATEGIES
- 21.5.5 KEY STRENGTHS
- 21.5.6 KEY OPPORTUNITIES
- 22 OTHER PROMINENT VENDORS
- 22.1 CLARIANT
- 22.1.1 BUSINESS OVERVIEW
- 22.1.2 PRODUCT OFFERINGS
- 22.2 CASTROL LIMITED
- 22.2.1 BUSINESS OVERVIEW
- 22.2.2 PRODUCT OFFERINGS
- 22.3 DUBOIS CHEMICALS
- 22.3.1 BUSINESS OVERVIEW
- 22.3.2 PRODUCT OFFERINGS
- 22.4 ENI
- 22.4.1 BUSINESS OVERVIEW
- 22.4.2 PRODUCT OFFERINGS
- 22.5 FUCHS
- 22.5.1 BUSINESS OVERVIEW
- 22.5.2 PRODUCT OFFERINGS
- 22.6 GULF OIL INTERNATIONAL LIMITED
- 22.6.1 BUSINESS OVERVIEW
- 22.6.2 PRODUCT OFFERINGS
- 22.7 KLÜBER LUBRICATION
- 22.7.1 BUSINESS OVERVIEW
- 22.7.2 PRODUCT OFFERINGS
- 22.8 MOTUL
- 22.8.1 BUSINESS OVERVIEW
- 22.8.2 PRODUCT OFFERINGS
- 22.9 MORRIS LUBRICANTS
- 22.9.1 BUSINESS OVERVIEW
- 22.9.2 PRODUCT OFFERINGS
- 22.10 PETRO-FLORIDA, INC.
- 22.10.1 BUSINESS OVERVIEW
- 22.10.2 PRODUCT OFFERINGS
- 22.11 PETRONAS LUBRICANTS INTERNATIONAL
- 22.11.1 BUSINESS OVERVIEW
- 22.11.2 PRODUCT OFFERINGS
- 22.12 PETRO CANADA LUBRICANTS INC.
- 22.12.1 BUSINESS OVERVIEW
- 22.12.2 PRODUCT OFFERINGS
- 22.13 RENEWABLE LUBRICANTS, INC.
- 22.13.1 BUSINESS OVERVIEW
- 22.13.2 PRODUCT OFFERINGS
- 22.14 REPSOL
- 22.14.1 BUSINESS OVERVIEW
- 22.14.2 PRODUCT OFFERINGS
- 22.15 SINOPEC
- 22.15.1 BUSINESS OVERVIEW
- 22.15.2 PRODUCT OFFERINGS
- 22.16 TOTALENERGIES SE
- 22.16.1 BUSINESS OVERVIEW
- 22.16.2 PRODUCT OFFERINGS
- 23 REPORT SUMMARY
- 23.1 KEY TAKEAWAYS
- 23.2 STRATEGIC RECOMMENDATIONS
- 24 QUANTITATIVE SUMMARY
- 24.1 PRODUCT TYPE
- 24.1.1 INDUSTRIAL OIL (VALUE)
- 24.1.2 INDUSTRIAL OIL (VOLUME)
- 24.1.3 METALWORKING FLUIDS (VALUE)
- 24.1.4 METALWORKING FLUIDS (VOLUME)
- 24.1.5 PROCESS OIL (VALUE)
- 24.1.6 PROCESS OIL (VOLUME)
- 24.1.7 GREASE (VALUE)
- 24.1.8 GREASE (VOLUME)
- 24.2 END-USE
- 24.2.1 MANUFACTURING (VALUE)
- 24.2.2 MANUFACTURING (VOLUME)
- 24.2.3 POWER GENERATION (VALUE)
- 24.2.4 POWER GENERATION (VOLUME)
- 24.2.5 METAL & MINING (VALUE)
- 24.2.6 METAL & MINING (VOLUME)
- 24.2.7 CONSTRUCTION (VALUE)
- 24.2.8 CONSTRUCTION (VOLUME)
- 24.2.9 OTHERS (VALUE)
- 24.2.10 OTHERS (VOLUME)
- 25 APPENDIX
- 25.1 ABBREVIATIONS
Pricing
Currency Rates
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