Global Industrial Lubricants Market 2025-2029

Industrial Lubricants Market 2025-2029

The industrial lubricants market is forecasted to grow by USD 11.7 bn during 2024-2029, accelerating at a CAGR of 3.3% during the forecast period. The report on the industrial lubricants market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand from end-user industries, emergence of bio-based lubricants, and high demand for industrial lubricants from construction industry.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's industrial lubricants market is segmented as below:

By Product

  • Mineral oil lubricants
  • Synthetic lubricants
  • Bio-based lubricants
By Type
  • Hydraulic fluid
  • Metal working fluid
  • Others
By End-user
  • Manufacturing
  • Construction
  • Oil and gas
  • Power generation
  • Others
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America
This study identifies the strategic alliances related to industrial lubricants as one of the prime reasons driving the industrial lubricants market growth during the next few years. Also, growing digitization in lubricant industry and rising adoption of synthetic lubricants will lead to sizable demand in the market.

The report on the industrial lubricants market covers the following areas:
  • Industrial Lubricants Market sizing
  • Industrial Lubricants Market forecast
  • Industrial Lubricants Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial lubricants market vendors that include Bharat Petroleum Corp. Ltd., Castrol Ltd., Chevron Corp., ENEOS Holdings Inc., Exxon Mobil Corp., FUCHS SE, Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., Kluber Lubrication Munchen SE and Co. KG, PetroChina Co. Ltd., Petroleo Brasileiro SA, Phillips 66 Co., PJSC LUKOIL, Quaker Houghton, Sinopec Shanghai Petrochemical Co. Ltd., Shell plc, The Lubrizol Corp., TotalEnergies SE, Valvoline Inc., and Zeller and Gmelin GmbH and Co. KG.. Also, the industrial lubricants market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Data Table on Incremental Growth
  • Technavio Analysis
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • Criticality of inputs and Factors of differentiation
    • Factors of disruption
    • Impact of drivers and challenges
  • Market Landscape
    • Market ecosystem
      • Table Data Table on - Parent Market
    • Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
    • Market segment analysis
    • Market size 2024
    • Market outlook: Forecast for 2024-2029
      • Table Data Table on Global - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Global Market: Year-over-year growth 2024-2029 (%)
  • Historic Market Size
    • Global Industrial Lubricants Market 2019 - 2023
      • Table Historic Market Size - Data Table on Global Industrial Lubricants Market 2019 - 2023 ($ billion)
    • Product segment analysis 2019 - 2023
    • Type segment analysis 2019 - 2023
    • End-user segment analysis 2019 - 2023
    • Geography segment analysis 2019 - 2023
    • Country segment analysis 2019 - 2023
  • Qualitative Analysis
    • Impact of AI on the Global Industrial Lubricants Market
  • Five Forces Analysis
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
  • Market Segmentation by Product
    • Market segments
      • Table Data Table on Product - Market share 2024-2029 (%)
    • Comparison by Product
      • Table Data Table on Comparison by Product
    • Mineral oil lubricants - Market size and forecast 2024-2029
      • Table Data Table on Mineral oil lubricants - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Mineral oil lubricants - Year-over-year growth 2024-2029 (%)
    • Synthetic lubricants - Market size and forecast 2024-2029
      • Table Data Table on Synthetic lubricants - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Synthetic lubricants - Year-over-year growth 2024-2029 (%)
    • Bio-based lubricants - Market size and forecast 2024-2029
      • Table Data Table on Bio-based lubricants - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Bio-based lubricants - Year-over-year growth 2024-2029 (%)
    • Market opportunity by Product
      • Table Data Table on Market opportunity by Product ($ billion)
  • Market Segmentation by Type
    • Market segments
      • Table Data Table on Type - Market share 2024-2029 (%)
    • Comparison by Type
      • Table Data Table on Comparison by Type
    • Hydraulic fluid - Market size and forecast 2024-2029
      • Table Data Table on Hydraulic fluid - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Hydraulic fluid - Year-over-year growth 2024-2029 (%)
    • Metal working fluid - Market size and forecast 2024-2029
      • Table Data Table on Metal working fluid - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Metal working fluid - Year-over-year growth 2024-2029 (%)
    • Others - Market size and forecast 2024-2029
      • Table Data Table on Others - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Others - Year-over-year growth 2024-2029 (%)
    • Market opportunity by Type
      • Table Data Table on Market opportunity by Type ($ billion)
  • Market Segmentation by End-user
    • Market segments
      • Table Data Table on End-user - Market share 2024-2029 (%)
    • Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Manufacturing - Market size and forecast 2024-2029
      • Table Data Table on Manufacturing - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Manufacturing - Year-over-year growth 2024-2029 (%)
    • Construction - Market size and forecast 2024-2029
      • Table Data Table on Construction - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Construction - Year-over-year growth 2024-2029 (%)
    • Oil and gas - Market size and forecast 2024-2029
      • Table Data Table on Oil and gas - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Oil and gas - Year-over-year growth 2024-2029 (%)
    • Power generation - Market size and forecast 2024-2029
      • Table Data Table on Power generation - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Power generation - Year-over-year growth 2024-2029 (%)
    • Others - Market size and forecast 2024-2029
      • Table Data Table on Others - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Others - Year-over-year growth 2024-2029 (%)
    • Market opportunity by End-user
      • Table Data Table on Market opportunity by End-user ($ billion)
  • Customer Landscape
    • Customer landscape overview
  • Geographic Landscape
    • Geographic segmentation
      • Table Data Table on Market share by geography 2024-2029 (%)
    • Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2024-2029
      • Table Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on APAC - Year-over-year growth 2024-2029 (%)
    • Europe - Market size and forecast 2024-2029
      • Table Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Europe - Year-over-year growth 2024-2029 (%)
    • North America - Market size and forecast 2024-2029
      • Table Data Table on North America - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on North America - Year-over-year growth 2024-2029 (%)
    • Middle East and Africa - Market size and forecast 2024-2029
      • Table Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
    • South America - Market size and forecast 2024-2029
      • Table Data Table on South America - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on South America - Year-over-year growth 2024-2029 (%)
    • US - Market size and forecast 2024-2029
      • Table Data Table on US - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on US - Year-over-year growth 2024-2029 (%)
    • China - Market size and forecast 2024-2029
      • Table Data Table on China - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on China - Year-over-year growth 2024-2029 (%)
    • Japan - Market size and forecast 2024-2029
      • Table Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Japan - Year-over-year growth 2024-2029 (%)
    • India - Market size and forecast 2024-2029
      • Table Data Table on India - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on India - Year-over-year growth 2024-2029 (%)
    • South Korea - Market size and forecast 2024-2029
      • Table Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on South Korea - Year-over-year growth 2024-2029 (%)
    • UK - Market size and forecast 2024-2029
      • Table Data Table on UK - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on UK - Year-over-year growth 2024-2029 (%)
    • Australia - Market size and forecast 2024-2029
      • Table Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Australia - Year-over-year growth 2024-2029 (%)
    • Germany - Market size and forecast 2024-2029
      • Table Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Germany - Year-over-year growth 2024-2029 (%)
    • Canada - Market size and forecast 2024-2029
      • Table Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Canada - Year-over-year growth 2024-2029 (%)
    • Brazil - Market size and forecast 2024-2029
      • Table Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
      • Table Data Table on Brazil - Year-over-year growth 2024-2029 (%)
    • Market opportunity by geography
      • Table Data Tables on Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Opportunity/Restraints
    • Market drivers
      • Increasing demand from end-user industries
      • Emergence of bio-based lubricants
      • High demand for industrial lubricants from construction industry
    • Market challenges
      • Fluctuations in crude oil prices
      • Adverse environmental impact of industrial lubricants
      • Rise in adoption of automated lubrication systems
    • Impact of drivers and challenges
    • Market opportunities/restraints
      • Strategic alliances related to industrial lubricants
      • Growing digitization in lubricant industry
      • Rising adoption of synthetic lubricants
  • Competitive Landscape
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
  • Competitive Analysis
    • Companies profiled
    • Company ranking index
    • Market positioning of companies
    • Bharat Petroleum Corp. Ltd.
    • Castrol Ltd.
    • Chevron Corp.
    • ENEOS Holdings Inc.
    • Exxon Mobil Corp.
    • FUCHS SE
    • Idemitsu Kosan Co. Ltd.
    • Indian Oil Corp. Ltd.
    • PetroChina Co. Ltd.
    • Phillips 66 Co.
    • PJSC LUKOIL
    • Sinopec Shanghai Petrochemical Co. Ltd.
    • Shell plc
    • TotalEnergies SE
    • Valvoline Inc.
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • 360 degree market analysis
    • List of abbreviations

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