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Global Food Grade Lubricants Market 2017-2021

Global Food Grade Lubricants Market 2017-2021

About Food Grade Lubricants

Food grade lubricants refer to the group of industrial lubricants, which are used to minimize wear and tear on machinery in the industry by reducing binding and friction. In some extreme cases, they may also prevent or reduce electrical resistivity, while increasing thermal conductivity. These lubricants are applied on fluids, greases, and oils to prevent the corrosion of surfaces.

Technavio’s analysts forecast the global food grade lubricants market to grow at a CAGR of 6.65% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global food grade lubricants market for 2017-2021. To calculate the market size, the report presents top vendors in the market have been selected based on our perception of their importance in the development of the global food grade lubricants market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Food Grade Lubricants Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Chemtura
  • FUCHS PETROLUB
  • Klüber Lubrication
  • Petro-Canada Lubricants
  • SKF
Other prominent vendors
  • Calumet Specialty Products
  • BP
  • Clearco Products
  • Clarion Lubricants
  • D-A Lubricant
  • Elba Lubrication
  • Exxon Mobil
  • Haynes Manufacturing
  • HUSK-ITT
  • JAX
  • Matrix Specialty Lubricants
  • Schaeffer Manufacturing
  • Southwestern Petroleum
  • Total Specialities USA
  • Ultrachem
Market driver
  • Growing demand for food due to increasing population.
  • For a full, detailed list, view our report
Market challenge
  • Health risks associated with consumption of processed meat and carbonated drinks.
  • For a full, detailed list, view our report
Market trend
  • Growing use of automatic lubrication systems.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Food Grade Lubricants Market 2017-2021

Technavio recognizes the following companies as the key players in the global food grade lubricants market: Chemtura, FUCHS PETROLUB, Klüber Lubrication, Petro-Canada Lubricants, and SKF.

Other Prominent Vendors in the market are: Calumet Specialty Products, BP, Clearco Products, Clarion Lubricants, D-A Lubricant, Elba Lubrication, Exxon Mobil, Haynes Manufacturing, HUSK-ITT, JAX, Matrix Specialty Lubricants, Schaeffer Manufacturing, Southwestern Petroleum, Total Specialities USA, and Ultrachem.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is growing use of automatic lubrication systems. The implementation of advanced technology solutions can result in lowering costs, reducing downtime, and increasing productivity. Improper lubrication can account for more than 50% of bearing failures, which can result in equipment downtime and high maintenance cost.”

According to the report, one driver in market is risk of contamination of food. Health and safety have always been major concerns in the food industry. The contamination of food products, besides causing major damage to the revenue, also hampers the image of the company. Lubricant contamination is one of the sources of food contamination. The machinery used in the food industry need to be lubricated from time to time for its proper functioning. This gives rise to the chance of food contamination in the industry. Even after the use of a strict HACCP plan, there is always a possibility of contamination due to the leakage of lubricants. The H1 grade of lubricants are specially designed for use in food grade companies to reduce health and safety risks. There are rules and regulations that prohibit the use of non-food grade lubricants. In the US, the FDA makes it mandatory to use food grade lubricants in industries.

Further, the report states that one challenges in market is health risks associated with consumption of processed meat and carbonated drinks. As more customers become aware of the negative effects associated with carbonated drinks, due to a high sugar content, carbonated drinks manufacturers have also been holding back on launching new products due to the slow growth. The slow growth is also due to stringent government policies, and the regular checks conducted on manufacturers owing to the various contamination issues that have cropped up in recent times. The carbonated beverage industry has tried to bring back the growth trend by launching new small-sized products such as PET (polyethylene terephthalate) bottles of 300 ml and through marketing campaigns such as the Thanda matlab Coca-Cola campaign in India. In the US, the sales of carbonated soft drinks showed less growth for the tenth consecutive year in 2015. The reason was the shift in customers to flavored water, juices, and other healthy products.

Companies Mentioned

Chemtura, FUCHS PETROLUB, Klüber Lubrication, Petro-Canada Lubricants, SKF, Calumet Specialty Products, BP, Clearco Products, Clarion Lubricants, D-A Lubricant, Elba Lubrication, Exxon Mobil, Haynes Manufacturing, HUSK-ITT, JAX, Matrix Specialty Lubricants, Schaeffer Manufacturing, Southwestern Petroleum, Total Specialities USA, and Ultrachem.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Lubricant market overview
    • Food grade lubricants
      • Table Regulatory agencies involved in food grade lubricants
      • Table Various FDA codes related to food processing industries
  • Market landscape
    • Market overview
      • Table Global food grade lubricants market segmentation
    • Market size and forecast
      • Table Global food grade lubricants market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global food grade lubricants market by product type
      • Table Global food grade lubricants market by product type 2016 and 2021 (%)
      • Table Global food grade lubricants market by product type 2016-2021 ($ millions)
    • Global food grade lubricants market by mineral-based lubricants
      • Table Global food grade lubricant market by mineral-based lubricants 2016-2021 ($ millions)
      • Table Properties of mineral oil lubricants
    • Global food grade lubricants market by synthetic-based lubricants
      • Table Global food grade lubricant market by synthetic-based lubricants 2016-2021 ($ millions)
      • Table Properties of synthetic oil lubricants
      • Table Performance improvement properties of synthetic oils
  • Geographical segmentation
    • Global food grade lubricants market by geography
      • Table Global food grade lubricants market by geography 2016 and 2021 (%)
      • Table Global food grade lubricants market by geography 2016-2021 ($ millions)
    • Food grade lubricants market in the Americas
      • Table Food grade lubricant market in Americas 2016-2021 ($ millions)
    • Food grade lubricants market in APAC
      • Table The food grade lubricants market in APAC 2016-2021 ($ millions)
    • Food grade lubricants market in EMEA
      • Table Food grade lubricants market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global canned food market 2016-2021 ($ billions)
      • Table World population 1700-2016 (billions)
      • Table World meat consumption 2012-2016 (tonnes)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table FSMA: Important procedures for small and medium-sized manufacturers
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Growing use of automatic lubrication systems
    • Positive effect of low crude oil prices
      • Table Global crude oil price volatility over last decade 2007-2016
    • Moving toward smart factories
  • Vendor landscape
    • Competitor landscape
    • Other prominent vendors (indicative list)
      • Table Other prominent vendors
  • Key vendor analysis
    • Chemtura
      • Table Chemtura: Key product offerings
    • FUCHS PETROLUB GROUP
      • Table FUCHS PETROLUB GROUP: Key product offerings
      • Table FUCHS PETROLUB GROUP: Key developments
    • Klüber Lubrication
      • Table Klüber Lubrication: Key product offerings
      • Table Klüber Lubrication: Key developments
    • Petro-Canada Lubricants
      • Table Petro-Canada Lubricants: Key product offerings
      • Table Petro-Canada Lubricants: Key developments
    • SKF
      • Table SKF: Key product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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