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Industrial Lubricants Market Analysis By Product (Process Oils, General Oils, Metalworking Fluids, Engine Oils), By Application (Metalworking, Textiles, Energy, Chemical Manufacturing, Food Processing, Hydraulic) And Segment Forecasts To 2024

Industrial Lubricants Market Analysis By Product (Process Oils, General Oils, Metalworking Fluids, Engine Oils), By Application (Metalworking, Textiles, Energy, Chemical Manufacturing, Food Processing, Hydraulic) And Segment Forecasts To 2024

The global industrial lubricant market is expected to reach USD 68.41 billion by 2024, according to a new report by Grand View Research, Inc. The growth of key end-use industries such as chemical manufacturing, food processing and electronics particularly in Asia Pacific is expected to drive industry growth. Increase in industrial output in emerging economies such as China, India, Russia, Brazil, and South Africa, predominantly in core manufacturing sectors, such as metal forming, foundry, consumer appliances, and plastics, along with the mining industry is expected to foster demand.

Initiatives such as continuously evolving emission standards, improving engine technology, and norms about mitigated carbon footprints are being adopted in emerging economies such as China and India. The paradigm shift towards environmental conservation is touted to be the key growth driving factors.

Chemical manufacturing was the largest application for industrial lubricants due to the high demand for non-reactive, sustainable and compatible processing fluids to handle various intermediaries and petrochemicals in a safe & efficient manner.

Further key findings from the report suggest:

The global Industrial Lubricant Market demand was 15.01 million tons in 2015 and is expected to reach 19.47 million tons by 2024, growing at a CAGR of 3.0% from 2016 to 2024

Demand in North America & Europe is expected to remain high despite relative stagnancy in manufacturing growth. A revitalized manufacturing sector post recovery from the economic depression of 2009, is a major driving factor for lubricants consumption in these regions

India emerged as the fastest growing market in Asia Pacific and is expected to grow at a CAGR of 4.3% from 2016 to 2024. India offers rewarding opportunities to industry participants with the government implementing innovative schemes to bolster domestic manufacturing activities

Process oils primarily find use in the rubber, chemical and technical industries as a process aid or raw material. The segment accounted for over 32% of the global volume in 2015, growing at an estimated CAGR of 3.1% from 2016 to 2024

Key companies operating in the industry include Shell, Total S.A., ExxonMobil Corp., Chevron Corp., Valvoline International, Kluber Lubrication, Fuchs Group, The Lubrizol Corporation, Clariant, Castrol, and Petronas Lubricant International


Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
Chapter 3 Market Snapshot
Chapter 4 Market Variables, Trends & Scope
4.1 Market segmentation
4.2 Penetration & growth prospect mapping, 2014 - 2024
4.3 Industrial lubricants market - value chain analysis
4.4 Regulatory framework
4.5 Industrial lubricants market dynamics
4.5.1 Market driver analysis
4.5.1.1 Rapid industrialization in BRICS nations
4.5.1.2 Increasing demand for processed food
4.5.2 Market restraint analysis
4.5.2.1 Rising environmental concern regarding use, disposal, and recycling of lubricants
4.6 Key opportunities prioritized
4.6.1 New market avenues
4.7 Industry analysis - Porter’s
4.8 Industrial lubricants market - PESTEL analysis
Chapter 5 Market Categorization 1: Product Estimates & Trend Analysis
5.1 Product market introduction, 2015 & 2024
5.2 Process oils
5.2.1 Market estimates and forecasts, 2014 - 2024
5.2.2 Market estimates and forecasts, by region, 2014 - 2024
5.3 General Industrial Oils
5.3.1 Market estimates and forecasts, 2014 - 2024
5.3.2 Market estimates and forecasts, by region, 2014 - 2024
5.4 Metalworking fluids
5.4.1 Market estimates and forecasts, 2014 - 2024
5.4.2 Market estimates and forecasts, by region, 2014 - 2024
5.5 Industrial engine oils
5.5.1 Market estimates and forecasts, 2014 - 2024
5.5.2 Market estimates and forecasts, by region, 2014 - 2024
5.6 Other industrial lubricants
5.6.1 Market estimates and forecasts, 2014 - 2024
5.6.2 Market estimates and forecasts, by region, 2014 - 2024
Chapter 6 Market Categorization 2: Application Estimates & Trend Analysis
6.1 Application market introduction, 2015 & 2024
6.2 Metalworking
6.2.1 Market estimates and forecasts, 2014 - 2024
6.2.2 Market estimates and forecasts, by region, 2014 - 2024
6.2.3 Market estimates and forecasts, by application, 2014 - 2024
6.2.4 Metal forming
6.2.5 Metal cutting
6.2.6 Metal joining
6.2.7 Metalworking electronics
6.2.8 Industrial heat exchangers
6.2.9 Other metalworking applications
6.3 Textile
6.3.1 Market estimates and forecasts, 2014 - 2024
6.3.2 Market estimates and forecasts, by region, 2014 - 2024
6.3.3 Market estimates and forecasts, by application, 2014 - 2024
6.3.4 Textile weaving
6.3.5 Non-woven textiles
6.3.6 Textile finishing
6.3.7 Textile composites
6.3.8 Other textile applications
6.4 Energy
6.4.1 Market estimates and forecasts, in energy, 2014 - 2024
6.4.2 Market estimates and forecasts, in energy, by region, 2014 - 2024
6.4.3 Market estimates and forecasts, in energy, by application, 2014 - 2024
6.4.4 Transformers
6.4.5 Pipelines
6.4.6 Liquefied natural gas (LNG)
6.4.7 Ocean energy
6.4.8 Other energy applications
6.5 Chemical manufacturing
6.5.1 Market estimates and forecasts, 2014 - 2024
6.5.2 Market estimates and forecasts, by region, 2014 - 2024
6.5.3 Market estimates and forecasts, by application, 2014 - 2024
6.5.4 Industrial gases
6.5.5 Fertilizers
6.5.6 Polymers
6.5.7 Other chemicals manufacturing
6.6 Food processing
6.6.1 Market estimates and forecasts, 2014 - 2024
6.6.2 Market estimates and forecasts, by region, 2014 - 2024
6.6.3 Market estimates and forecasts, by application, 2014 - 2024
6.6.4 Beverages
6.6.5 Frozen food
6.6.6 Canned food
6.6.7 Processed potatoes
6.6.8 Bakery
6.6.9 Cocoa & chocolate
6.6.10 Other food applications
6.7 Hydraulic
6.7.1 Market estimates and forecasts, 2014 - 2024
6.7.2 Market estimates and forecasts, by region, 2014 - 2024
6.7.3 Market estimates and forecasts, by application, 2014 - 2024
6.7.4 Compressors
6.7.5 Bearings
6.7.6 Other hydraulic applications
6.8 Other industrial applications
6.8.1 Market estimates and forecasts, 2014 - 2024
6.8.2 Market estimates and forecasts, by region, 2014 - 2024
Chapter 7 Market Categorization 3: Regional Estimates & Trend Analysis
7.1 North America
7.1.1 Market estimates and forecasts, 2014 - 2024
7.1.2 Market estimates and forecasts, by product, 2014 - 2024
7.1.3 Market estimates and forecasts, by application, 2014 - 2024
7.1.4 U.S.
7.1.4.1 Market estimates and forecasts, 2014 - 2024
7.1.4.2 Market estimates and forecasts, by product, 2014 - 2024
7.1.4.3 Market estimates and forecasts, by application, 2014 - 2024
7.1.5 Canada
7.1.5.1 Market estimates and forecasts, 2014 - 2024
7.1.5.2 Market estimates and forecasts, by product, 2014 - 2024
7.1.5.3 Market estimates and forecasts, by application, 2014 - 2024
7.1.6 Mexico
7.1.6.1 Market estimates and forecasts, 2014 - 2024
7.1.6.2 Market estimates and forecasts, by product, 2014 - 2024
7.1.6.3 Market estimates and forecasts, by application, 2014 - 2024
7.2 Europe
7.2.1 Market estimates and forecasts, 2014 - 2024
7.2.2 Market estimates and forecasts, by product, 2014 - 2024
7.2.3 Market estimates and forecasts, by application, 2014 - 2024
7.2.4 Germany
7.2.4.1 Market estimates and forecasts, 2014 - 2024
7.2.4.2 Market estimates and forecasts, by product, 2014 - 2024
7.2.4.3 Market estimates and forecasts, by application, 2014 - 2024
7.2.5 UK
7.2.5.1 Market estimates and forecasts, 2014 - 2024
7.2.5.2 Market estimates and forecasts, by product, 2014 - 2024
7.2.5.3 Market estimates and forecasts, by application, 2014 - 2024
7.2.6 France
7.2.6.1 Market estimates and forecasts, 2014 - 2024
7.2.6.2 Market estimates and forecasts, by product, 2014 - 2024
7.2.6.3 Market estimates and forecasts, by application, 2014 - 2024
7.3 Asia Pacific
7.3.1 Market estimates and forecasts, 2014 - 2024
7.3.2 Market estimates and forecasts, by product, 2014 - 2024
7.3.3 Market estimates and forecasts, by application, 2014 - 2024
7.3.4 China
7.3.4.1 Market estimates and forecasts, 2014 - 2024
7.3.4.2 Market estimates and forecasts, by product, 2014 - 2024
7.3.4.3 Market estimates and forecasts, by application, 2014 - 2024
7.3.5 India
7.3.5.1 Market estimates and forecasts, 2014 - 2024
7.3.5.2 Market estimates and forecasts, by product, 2014 - 2024
7.3.5.3 Market estimates and forecasts, by application, 2014 - 2024
7.3.6 Japan
7.3.6.1 Market estimates and forecasts, 2014 - 2024
7.3.6.2 Market estimates and forecasts, by product, 2014 - 2024
7.3.6.3 Market estimates and forecasts, by application, 2014 - 2024
7.3.7 Southeast Asia
7.3.7.1 Market estimates and forecasts, 2014 - 2024
7.3.7.2 Market estimates and forecasts, by product, 2014 - 2024
7.3.7.3 Market estimates and forecasts, by application, 2014 - 2024
7.4 Central & South America (CSA)
7.4.1 Market estimates and forecasts, 2014 - 2024
7.4.2 Market estimates and forecasts, by product, 2014 - 2024
7.4.3 Market estimates and forecasts, by application, 2014 - 2024
7.4.4 Brazil
7.4.4.1 Market estimates and forecasts, 2014 - 2024
7.4.4.2 Market estimates and forecasts, by product, 2014 - 2024
7.4.4.3 Market estimates and forecasts, by application, 2014 - 2024
7.5 Middle East & Africa (MEA)
7.5.1 Market estimates and forecasts, 2014 - 2024
7.5.2 Market estimates and forecasts, by product, 2014 - 2024
7.5.3 Market estimates and forecasts, by application, 2014 - 2024
7.5.4 Saudi Arabia
7.5.4.1 Market estimates and forecasts, 2014 - 2024
7.5.4.2 Market estimates and forecasts, by product, 2014 - 2024
7.5.4.3 Market estimates and forecasts, by application, 2014 - 2024
7.5.5 UAE
7.5.5.1 Market estimates and forecasts, 2014 - 2024
7.5.5.2 Market estimates and forecasts, by product, 2014 - 2024
7.5.5.3 Market estimates and forecasts, by application, 2014 - 2024
Chapter 8 Competitive Landscape
8.1 Industrial lubricants company heat map analysis
8.2 Vendor Landscape
8.3 Competitive Environment
8.4 Strategy framework
8.5 Key strategies by companies
Chapter 9 Company Profiles
9.1 ExxonMobil Corp.
9.1.1 Company Overview
9.1.2 Financial Performance
9.1.3 Industries and Services Catered
9.1.4 Product Benchmarking
9.1.5 Strategic Initiatives
9.2 Fuchs Group
9.2.1 Company Overview
9.2.2 Financial Performance
9.2.3 Industries and Services Catered
9.2.4 Product Benchmarking
9.2.5 Strategic Initiatives
9.3 The Lubrizol Corporation
9.3.1 Company Overview
9.3.2 Financial Performance
9.3.3 Industries and Services Catered
9.3.4 Product Benchmarking
9.4 Royal Dutch Shell
9.4.1 Company Overview
9.4.2 Financial Performance
9.4.3 Industries and Services Catered
9.4.4 Product Benchmarking
9.4.5 Strategic Initiatives
9.5 Phillips 66
9.5.1 Company Overview
9.5.2 Financial Performance
9.5.3 Industries and Services Catered
9.5.4 Product Benchmarking
9.5.5 Strategic Initiatives
9.6 Lucas Oil Products, Inc.
9.6.1 Company Overview
9.6.2 Financial Performance
9.6.3 Industries and Services Catered
9.6.4 Product Benchmarking
9.7 Amsoil, Inc.
9.7.1 Company Overview
9.7.2 Financial Performance
9.7.3 Industries and Services Catered
9.7.4 Product Benchmarking
9.8 Bel-Ray Co., Inc.
9.8.1 Company Overview
9.8.2 Financial Performance
9.8.3 Industries and Services Catered
9.8.4 Product Benchmarking
9.8.5 Strategic Initiative
9.9 Total S.A.
9.9.1 Company Overview
9.9.2 Financial Performance
9.9.3 Industries and Services Catered
9.9.4 Product Benchmarking
9.9.5 Strategic Initiative
9.10 Kluber Lubrication
9.10.1 Company Overview
9.10.2 Financial Performance
9.10.3 Industries and Services Catered
9.10.4 Product Benchmarking
9.10.5 Strategic Initiative
9.11 Valvoline International, Inc.
9.11.1 Company Overview
9.11.2 Financial Performance
9.11.3 Industries and Services Catered
9.11.4 Product Benchmarking
9.12 Chevron Corp.
9.12.1 Company Overview
9.12.2 Financial Performance
9.12.3 Industries and Services Catered
9.12.4 Product Benchmarking
9.12.5 Strategic Initiative
9.13 Clariant
9.13.1 Company Overview
9.13.2 Financial Performance
9.13.3 Industries and Services Catered
9.13.4 Product Benchmarking
9.14 Quaker Chemical Corp.
9.14.1 Company Overview
9.14.2 Financial Performance
9.14.3 Industries and Services Catered
9.14.4 Product Benchmarking
9.14.5 Strategic Initiatives
9.15 Zeller+Gmelin GmbH & Co. KG
9.15.1 Company Overview
9.15.2 Financial Performance
9.15.3 Industries and Services Catered
9.15.4 Product Benchmarking
9.16 Houghton International, Inc.
9.16.1 Company Overview
9.16.2 Financial Performance
9.16.3 Industries and Services Catered
9.16.4 Product Benchmarking
9.16.5 Strategic Initiatives
9.17 Castrol
9.17.1 Company Overview
9.17.2 Financial Performance
9.17.3 Industries and Services Catered
9.17.4 Product Benchmarking
9.17.5 Strategic Initiative
9.18 Blaser Swisslube, Inc.
9.18.1 Company Overview
9.18.2 Financial Performance
9.18.3 Industries and Services Catered
9.18.4 Product Benchmarking
9.19 Calumet Specialty Products Partners, L.P.
9.19.1 Company Overview
9.19.2 Financial Performance
9.19.3 Industries and Services Catered
9.19.4 Product Benchmarking
9.19.5 Strategic Initiatives
9.20 Petronas Lubricant International
9.20.1 Company Overview
9.20.2 Financial Performance
9.20.3 Industries and Services Catered
9.20.4 Product Benchmarking
9.20.5 Strategic Initiatives
9.21 Idemitsu Kosan Co., Ltd.
9.21.1 Company Overview
9.21.2 Financial Performance
9.21.3 Industries and Services Catered
9.21.4 Product Benchmarking
9.21.5 Strategic Initiatives
9.22 Yushiro Chemical Industry Co., Ltd.
9.22.1 Company Overview
9.22.2 Financial Performance
9.22.3 Industries and Services Catered
9.22.4 Product Benchmarking
List of Figures
FIG. 1 Industrial lubricants market snapshot
FIG. 2 Industrial lubricants market volume, 2015, (Kilo Tons)
FIG. 3 Industrial lubricants market segmentation
FIG. 4 Industrial lubricants market volume & revenue, 2014 - 2024 (Kilo Tons) (USD Million)
FIG. 5 Industrial lubricants value chain analysis
FIG. 6 Industrial lubricants market dynamics
FIG. 7 Industrial lubricants market driver impact
FIG. 8 Industrial production in BRICS, 2003, 2008 and 2013 (USD Billion)
FIG. 9 Industrial lubricants market restraint impact
FIG. 10 Key opportunities prioritized
FIG. 11 Industrial lubricants market - Porter’s analysis
FIG. 12 PESTEL analysis
FIG. 13 Industrial lubricants market volume by product, 2015 & 2024 (Kilo Tons)
FIG. 14 Industrial lubricants market volume by application, 2015 & 2024
FIG. 15 Industrial lubricants market volume by product, 2015 & 2024
FIG. 16 Competitive Environment
FIG. 17 Strategy Framework

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