Industrial Lubricants Market by Type (Metalworking Fluid, Grease Hydraulic, Gear, Compressor, Turbine Oil), End-Use Industry (Construction & Mining, Metal, Cement, Power Generation, Manufacturing, Food), Base Oil, and Region - Global Forecasts to 2021

“Global industrial lubricants market projected to grow at a CAGR of 2.5% during the forecast period.”
The global industrial lubricants market is expected to reach USD 64.4 billion by 2021, at a CAGR of 2.5% from 2016 to 2021. The growth is primarily due to the massive industrial growth in Asia-Pacific and the Middle East & Africa, coupled with the rise in process automation in most of the industries. The factors restraining the growth of this market are the high cost of synthetic and bio-based industrial lubricants.

“Hydraulic oil to be the largest type segment in the global industrial lubricants market.”
Hydraulic oil wathe largest segment in the global industrial lubricants market, by type in. Its low cost mainly drives the hydraulic oil as compared to other types coupled with the rising demand from the construction & mining industry. However, the metalworking fluid segment is projected to grow at the highest CAGR during the forecast period. This high growth is majorly attributed to the rising demand for the metal in the automotive industry.

“Mineral oil was the largest segment of the industrial lubricants market”
Mineral oil was the largest segment in the global industrial lubricants market in 2016. The easy availability and low cost of mineral oil based industrial lubricants are expected to drive the industrial lubricants market in the apparel application. Moreover, this segment is driven by the growing demand from Asia-Pacific and the Middle East & Africa. However, the mineral oil based lubricants segment in North America and Europe will register low growth due to the slow economic growth and change in demand patterns

“Construction & mining was the largest end-use industry in the global industrial lubricants market.”
The need for industrial lubricants is high in the construction & mining industry. The rising construction activities especially in the residential sector of China and the increasing infrastructural developments in India are expected to fuel the demand for industrial lubricants in the construction & mining industry.


“Asia-Pacific is expected to be the highest-growing market for industrial lubricants during the forecast period”
Asia-Pacific is the largest industrial lubricants market. The high growth of the emerging economies and the increasing disposable income in the region make Asia-Pacific an attractive market for industrial lubricants. The tremendous growth of industrial production and increased trade are primarily responsible for the high consumption of industrial lubricants.

Breakdown of profiles of primary interviews for the report
‧ By Company Type – Tier 1 – 30%, Tier 2 –43%, and Tier 3 – 27%
‧ By Designation – C Level – 43%, Director Level – 30%, and Others – 27%
‧ By Region – North America – 37%, Europe – 23%, Asia-Pacific – 26%, and RoW – 14%
Some of the key companies profiled in this report are ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), Chevron Corporation (U.S.), BP p.l.c. (U.K.), Total S.A. (France), Petrochina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), Idemitsu Kosan Co. Ltd (Japan), and others.

Study Coverage
The market is segmented on the basis of type, base oil, end-use industry, and region. The major types covered in this report are hydraulic oil (HL hydraulic oil, HLP hydraulic oil, HLP-D hydraulic oil, and fire-resistant hydraulic oil), metalworking fluid (removal, forming, treating and protecting), gear oil (rust & corrosion inhibited gear oil, compounded gear oil, and extreme pressure gear oil), compressor oil, grease (metallic soap thickener, non-soap thickener, and inorganic thickener), turbine oil, and others (transformer oil, refrigeration oil, and textile machinery lubricants). The base oil includes mineral oil, synthetic oil (PAO, PAG, esters, and group III), and bio-based oil. Based on end-use industry, the market has been segmented into construction & mining, metal production (transport equipment, primary ferrous products, and primary non-ferrous products), cement production, power generation, general manufacturing (automotive, chemical, marine, oil & gas, textile, others), and food processing (food, beverage, pharmaceuticals & cosmetics, and others). The market is also segmented on the basis of regions, such as Asia-Pacific, Europe, North America, Middle East & Africa, and South America.

Key Benefits
This report covers the following studies:
‧ Market segmentation based on type, base oil, end-use industry, and region
‧ Market dynamics including drivers, restraints, and opportunities
‧ Value chain analysis
‧ Porter’s Five Forces Analysis with respect to the global industrial lubricants market
‧ Profile of the key market players in the global industrial lubricants market

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.2.1 MARKET SCOPE 19
1.2.2 YEARS CONSIDERED FOR THE STUDY 21
1.3 CURRENCY 21
1.4 PACKAGE SIZE 21
1.5 LIMITATIONS 21
1.6 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 23
2.1.1.1 Key data from secondary sources 23
2.1.2 PRIMARY DATA 24
2.1.2.1 Key data from primary sources 24
2.1.2.2 Key industry insights 25
2.1.2.3 Breakdown of primary interviews 25
2.2 MARKET SIZE ESTIMATION 26
2.2.1 BOTTOM-UP APPROACH 26
2.2.2 TOP-DOWN APPROACH 27
2.3 DATA TRIANGULATION 27
2.4 RESEARCH ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 33
4.1 SIGNIFICANT OPPORTUNITIES IN INDUSTRIAL LUBRICANTS MARKET 33
4.2 INDUSTRIAL LUBRICANTS MARKET, BY REGION, 2016–2021 34
4.3 INDUSTRIAL LUBRICANTS MARKET IN ASIA-PACIFIC, BY TYPE, AND COUNTRY 35
4.4 INDUSTRIAL LUBRICANTS MARKET SHARE, BY BASE OIL 35
4.5 INDUSTRIAL LUBRICANTS MARKET ATTRACTIVENESS 36
5 MARKET OVERVIEW 38
5.1 INTRODUCTION 39
5.2 MARKET SEGMENTATION 39
5.2.1 BY BASE OIL 39
5.2.2 BY TYPE 40
5.2.3 BY END-USE INDUSTRY 41
5.2.4 BY REGION 42
5.3 MARKET DYNAMICS 42
5.3.1 DRIVERS 43
5.3.1.1 Massive industrial growth in Asia-Pacific and Middle East & Africa 43
5.3.1.2 Rise in automation in various end-use industries 44
5.3.1.3 Improved quality of industrial lubricants 44
5.3.2 RESTRAINTS 44
5.3.2.1 High cost of synthetic and bio-based lubricants 44
5.3.2.2 Reduction in the use of metal parts by automakers 45
5.3.2.3 Stringent environmental regulations 45
5.3.3 OPPORTUNITIES 45
5.3.3.1 Rising trend of bio-based industrial lubricants’ usage 45
6 INDUSTRY TRENDS 46
6.1 INTRODUCTION 46
6.2 VALUE CHAIN ANALYSIS 47
6.2.1 RAW MATERIALS 47
6.2.2 BLENDING 47
6.2.3 DISTRIBUTION 48
6.2.4 END-USE 48
6.3 PORTER’S FIVE FORCES ANALYSIS 48
6.3.1 THREAT OF NEW ENTRANTS 49
6.3.2 THREAT OF SUBSTITUTES 50
6.3.3 BARGAINING POWER OF SUPPLIERS 50
6.3.4 BARGAINING POWER OF BUYERS 50
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 50
6.4 INDUSTRY OUTLOOK 51
6.4.1 AUTOMOTIVE 51
7 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL 53
7.1 INTRODUCTION 54
7.2 MARKET SIZE ESTIMATION 54
7.3 MINERAL OIL 56
7.3.1 ASIA-PACIFIC DRIVING GROWTH OF MINERAL OIL FOR INDUSTRIAL LUBRICANTS 57
7.4 SYNTHETIC OIL 58
7.4.1 INCREASED INDUSTRIAL PRODUCTION TO DRIVE DEMAND FOR SYNTHETIC OIL-BASED INDUSTRIAL LUBRICANTS BETWEEN 2016 AND 2021 58
7.4.2 PAO 59
7.4.3 PAG 59
7.4.4 ESTERS 59
7.4.5 GROUP III (HYDROCRACKING) 60
7.5 BIO-BASED OIL 60
8 INDUSTRIAL LUBRICANTS MARKET, BY TYPE 62
8.1 INTRODUCTION 63
8.2 REVENUE POCKET MATRIX, TYPE 64
8.3 HYDRAULIC OIL 64
8.3.1 RISING CONSTRUCTION ACTIVITIES TO DRIVE HYDRAULIC OIL MARKET FOR INDUSTRIAL LUBRICANTS BETWEEN 2016 AND 2021 65
8.3.2 HL HYDRAULIC OIL 66
8.3.3 HLP HYDRAULIC OIL 66
8.3.4 HLP-D HYDRAULIC OIL 66
8.3.5 FIRE RESISTANT HYDRAULIC OIL 66
8.4 METALWORKING FLUID 67
8.4.1 GROWING AUTOMOTIVE INDUSTRY IS FUELING THE GROWTH OF METALWORKING FLUID FOR INDUSTRIAL LUBRICANTS 68
8.4.2 REMOVAL METALWORKING FLUID 68
8.4.3 PROTECTING METALWORKING FLUID 69
8.4.4 FORMING METALWORKING FLUID 69
8.4.5 TREATING METALWORKING FLUID 69
8.5 GEAR OIL 70
8.5.1 RUST & CORROSION INHIBITED GEAR OIL 71
8.5.2 COMPOUNDED GEAR OIL 71
8.5.3 EXTREME PRESSURE GEAR OIL 71
8.6 COMPRESSOR OIL 71
8.6.1 GROWING DEMAND FOR SCREW COMPRESSOR DRIVES COMPRESSOR OIL MARKET FOR INDUSTRIAL LUBRICANTS 72
8.7 GREASE 73
8.7.1 IMPROVED QUALITY OF INDUSTRIAL GREASES ACTS AS A MAJOR DRIVER OF GREASE IN INDUSTRIAL LUBRICANTS MARKET 74
8.7.2 METALLIC SOAP THICKENER 74
8.7.2.1 Lithium 75
8.7.2.2 Calcium 75
8.7.2.3 Aluminum 75
8.7.2.4 Sodium 75
8.7.2.5 Other Metallic Soap 75
8.7.3 NON-SOAP THICKENER 75
8.7.4 INORGANIC THICKENER 75
8.7.4.1 Clay 75
8.7.4.2 Silica 76
8.7.5 OTHER THICKENERS 76
8.8 TURBINE OIL 76
8.9 OTHERS 78
8.9.1 TRANSFORMER OIL 79
8.9.2 REFRIGERATION OIL 79
8.9.3 TEXTILE MACHINERY LUBRICANTS 79
9 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY 80
9.1 INTRODUCTION 81
9.2 MARKET SIZE ESTIMATION 81
9.3 REVENUE POCKET MATRIX, BY END-USE INDUSTRY 83
9.4 CONSTRUCTION & MINING 84
9.4.1 RISING DEMAND FROM ASIA-PACIFIC TO BE THE MAIN DRIVER FOR THE MARKET IN CONSTRUCTION & MINING END-USE INDUSTRY 85
9.5 METAL PRODUCTION 86
9.5.1 RISING VEHICLE PRODUCTION TO DRIVE THE INDUSTRIAL LUBRICANTS MARKET IN THE METAL PRODUCTION END-USE INDUSTRY DURING FORECAST PERIOD 86
9.5.2 TRANSPORT EQUIPMENT 87
9.5.3 PRIMARY FERROUS PRODUCTS 87
9.5.4 PRIMARY NON-FERROUS PRODUCTS 87
9.6 CEMENT PRODUCTION 88
9.6.1 INCREASING CONSTRUCTION ACTIVITIES TO DRIVE THE DEMAND FOR INDUSTRIAL LUBRICANTS IN CEMENT PRODUCTION END-USE INDUSTRY DURING FORECAST PERIOD 88
9.7 POWER GENERATION 90
9.7.1 RISING DEMAND FOR ENERGY TO DRIVE THE DEMAND FOR INDUSTRIAL LUBRICANTS IN THE POWER GENERATION END-USE INDUSTRY DURING FORECAST PERIOD 90
9.8 GENERAL MANUFACTURING 92
9.8.1 AUTOMOTIVE 93
9.8.2 CHEMICAL 93
9.8.3 MARINE 93
9.8.4 OIL & GAS 93
9.8.5 TEXTILE 93
9.8.6 OTHERS 93
9.9 FOOD PROCESSING 94
9.9.1 FOOD 95
9.9.1.1 Bakery 95
9.9.1.2 Sugar 96
9.9.1.3 Dairy 96
9.9.1.4 Meat poultry & seafood 96
9.9.1.5 Others 96
9.9.2 BEVERAGE 96
9.9.3 PHARMACEUTICALS & COSMETICS 96
9.9.4 OTHERS 96
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10 INDUSTRIAL LUBRICANTS MARKET, BY REGION 97
10.1 INTRODUCTION 98
10.2 ASIA-PACIFIC 99
10.2.1 CHINA 104
10.2.2 INDIA 105
10.2.3 JAPAN 106
10.2.4 SOUTH KOREA 107
10.2.5 AUSTRALIA & NEW ZEALAND 108
10.3 NORTH AMERICA 109
10.3.1 U.S. 113
10.3.2 CANADA 114
10.3.3 MEXICO 115
10.4 EUROPE 116
10.4.1 RUSSIA 121
10.4.2 GERMANY 122
10.4.3 U.K. 123
10.4.4 FRANCE 124
10.4.5 ITALY 125
10.4.6 TURKEY 126
10.5 MIDDLE EAST & AFRICA 126
10.5.1 SAUDI ARABIA 130
10.5.2 IRAN 131
10.5.3 EGYPT 132
10.5.4 UAE 133
10.6 SOUTH AMERICA 134
10.6.1 BRAZIL 137
10.6.2 ARGENTINA 138
10.6.3 CHILE 139
10.6.4 COLOMBIA 140
11 COMPETITIVE LANDSCAPE 141
11.1 OVERVIEW 141
11.2 MARKET SHARE OF KEY PLAYERS 143
11.2.1 ROYAL DUTCH SHELL PLC. 143
11.2.2 EXXONMOBIL CORPORATION 143
11.2.3 BP P.L.C. 143
11.3 COMPETITIVE SITUATION AND TRENDS 144
11.3.1 EXPANSIONS 144
11.3.2 CONTRACTS & AGREEMENTS 145
11.3.3 ACQUISITIONS 146
11.3.4 JOINT VENTURES 147
11.3.5 NEW PRODUCT LAUNCHES 147
12 COMPANY PROFILES 148
(Overview, Financial*, Products & Services, Strategy, and Developments)
12.1 INTRODUCTION 148
12.2 ROYAL DUTCH SHELL PLC. 148
12.3 EXXONMOBIL CORPORATION 152
12.4 BP P.L.C. 155
12.5 CHEVRON CORPORATION 158
12.6 TOTAL S.A. 160
12.7 PETROCHINA COMPANY LIMITED 163
12.8 SINOPEC LIMITED 165
12.9 LUKOIL 167
12.10 FUCHS PETROLUB AG 169
12.11 IDEMITSU KOSAN CO. LTD 171
12.12 LIST OF ADDITIONAL COMPANIES AND THEIR PRODUCTS 173
12.12.1 PHILLIPS 66 LUBRICANTS (TEXAS, U.S.) 173
12.12.2 AMSOIL (WISCONSIN, U.S.) 173
12.12.3 BEL-RAY COMPANY LLC. (NEW JERSEY, U.S.) 174
12.12.4 MORRIS LUBRICANTS (U.K.) 174
12.12.5 BHARAT PETROLEUM (MUMBAI, INDIA) 174
12.12.6 PENRITE OIL (MELBOURNE, AUSTRALIA) 175
12.12.7 ULTRACHEM INC (U.S.) 175
12.12.8 VALVOLINE (U.S.) 175
12.12.9 PEAK LUBRICANTS PTY LTD (AUSTRALIA) 176
12.12.10 ROCK VALLEY OIL AND CHEMICAL CO. (ILLINOIS, U.S.) 176
12.12.11 LIQUI MOLY (ULM, GERMANY) 176
12.12.12 LUBRIZOL (OHIO, U.S.) 177
12.12.13 INDIAN OIL CORPORATION (INDIA) 177
12.12.14 ENI S.P.A. (ITALY) 177
12.12.15 EMULSICHEM LUBRICANTS PVT. LTD. (ITALY) 178
*Details might not be captured in case of unlisted companies
13 APPENDIX 179
13.1 INSIGHTS FROM INDUSTRY EXPERTS 179
13.2 DISCUSSION GUIDE 180
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 184
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 186
13.5 AVAILABLE CUSTOMIZATIONS 187
13.6 RELATED REPORTS 187
13.7 AUTHOR DETAILS 188