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Industrial Oils - Global Strategic Business Report

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    Report

  • 92 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303422

Global Industrial Oils Market to Reach $107.3 Billion by 2030

The global market for Industrial Oils estimated at US$60.9 Billion in the year 2022, is projected to reach a revised size of US$107.3 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030. Turbine Oil, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$53.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Refrigeration Oil segment is readjusted to a revised 8.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $16.6 Billion, While China is Forecast to Grow at 11.6% CAGR

The Industrial Oils market in the U.S. is estimated at US$16.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$24.5 Billion by the year 2030 trailing a CAGR of 11.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Select Competitors (Total 36 Featured) -

  • A&A Fratelli Parodi Spa
  • AAK Kamani Private Limited
  • AG Processing Inc
  • Amsoil, Inc
  • Archer Daniels Midland
  • Bel-Ray Co., Inc
  • Bühler Group
  • Bunge Limited
  • Cargill
  • Chevron Corp.
  • CHS Inc.
  • ExxonMobil Corp.
  • Fuchs Group
  • Gemtek Products
  • Kluber Lubrication
  • Louis Dreyfus Company
  • Lucas Oil Products, Inc
  • Phillips 66
  • Royal Dutch Shell
  • Soya Mills S.A.
  • The Lubrizol Corp
  • Total S.A
  • Valvoline International, Inc
  • Wilmar International

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Industrial Oils

What is the estimated value of the Global Market for Industrial Oils?

The Global Market for Industrial Oils was estimated to be valued at $60.9 Billion in 2022.

What is the growth rate of the Global Market for Industrial Oils?

The growth rate of the Global Market for Industrial Oils is 7.3%, with an estimated value of $107.3 Billion by 2030.

What is the forecasted size of the Global Market for Industrial Oils?

The Global Market for Industrial Oils is estimated to be worth $107.3 Billion by 2030.

Who are the key companies in the Global Market for Industrial Oils?

Key companies in the Global Market for Industrial Oils include A&A Fratelli Parodi Spa, AAK Kamani Private Limited, AG Processing Inc, Amsoil, Inc, Archer Daniels Midland, Bel, Ray Co., Inc, Bühler Group, Bunge Limited and Cargill.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Industrial Oils - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Industrial Oils Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Industrial Oils by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 3: World Historic Review for Industrial Oils by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 4: World 16-Year Perspective for Industrial Oils by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Turbine Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 6: World Historic Review for Turbine Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 7: World 16-Year Perspective for Turbine Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Refrigeration Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 9: World Historic Review for Refrigeration Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 10: World 16-Year Perspective for Refrigeration Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Compressor Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 12: World Historic Review for Compressor Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 13: World 16-Year Perspective for Compressor Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Electrical Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 15: World Historic Review for Electrical Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 16: World 16-Year Perspective for Electrical Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Heat Transfer Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 18: World Historic Review for Heat Transfer Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 19: World 16-Year Perspective for Heat Transfer Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 20: USA Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: USA Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 22: USA 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
CANADA
  • Table 23: Canada Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 24: Canada Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 25: Canada 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
JAPAN
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 26: Japan Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 27: Japan Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 28: Japan 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
CHINA
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 29: China Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 30: China Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 31: China 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
EUROPE
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 32: Europe Recent Past, Current & Future Analysis for Industrial Oils by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 33: Europe Historic Review for Industrial Oils by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 34: Europe 16-Year Perspective for Industrial Oils by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
  • Table 35: Europe Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 36: Europe Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 37: Europe 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
FRANCE
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 38: France Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: France Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 40: France 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
GERMANY
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 41: Germany Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 42: Germany Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 43: Germany 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
ITALY
  • Table 44: Italy Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 45: Italy Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 46: Italy 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
UNITED KINGDOM
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 47: UK Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 48: UK Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 49: UK 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
SPAIN
  • Table 50: Spain Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: Spain Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 52: Spain 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
RUSSIA
  • Table 53: Russia Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 54: Russia Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 55: Russia 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
REST OF EUROPE
  • Table 56: Rest of Europe Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 57: Rest of Europe Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 58: Rest of Europe 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
ASIA-PACIFIC
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 59: Asia-Pacific Recent Past, Current & Future Analysis for Industrial Oils by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 60: Asia-Pacific Historic Review for Industrial Oils by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 61: Asia-Pacific 16-Year Perspective for Industrial Oils by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
  • Table 62: Asia-Pacific Recent Past, Current & Future Analysis for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 63: Asia-Pacific Historic Review for Industrial Oils by Product Type - Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 64: Asia-Pacific 16-Year Perspective for Industrial Oils by Product Type - Percentage Breakdown of Value Sales for Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil and Heat Transfer Oil for the Years 2014, 2023 & 2030
AUSTRALIA
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Industrial Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • A&A Fratelli Parodi Spa
  • AAK Kamani Private Limited
  • AG Processing Inc
  • Amsoil, Inc
  • Archer Daniels Midland
  • Bel-Ray Co., Inc
  • Bühler Group
  • Bunge Limited
  • Cargill
  • Chevron Corp.
  • CHS Inc.
  • ExxonMobil Corp.
  • Fuchs Group
  • Gemtek Products
  • Kluber Lubrication
  • Louis Dreyfus Company
  • Lucas Oil Products, Inc
  • Phillips 66
  • Royal Dutch Shell
  • Soya Mills S.A.
  • The Lubrizol Corp
  • Total S.A
  • Valvoline International, Inc
  • Wilmar International