Industrial Lubricants - Global Strategic Business Report

Global Industrial Lubricants Market to Reach $96.9 Billion by 2030

The global market for Industrial Lubricants estimated at US$61.1 Billion in the year 2022, is projected to reach a revised size of US$96.9 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030. Process Oils, one of the segments analyzed in the report, is projected to record 7% CAGR and reach US$36.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the General Industrial Oils segment is readjusted to a revised 5.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $16.6 Billion, While China is Forecast to Grow at 8.9% CAGR

The Industrial Lubricants 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$20.2 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Select Competitors (Total 18 Featured) -

• BP P.L.C.
• Chevron Corporation
• Exxonmobil Corporation
• Fuchs Petrolub AG
• Gazprom NEFT
• Hindustan Petroleum Corporation Limited (HCPL)
• Idemitsu Kosan Co., Ltd.
• Indian Oil Corporation Limited (Iocl)
• JXTG Group
• LUKOIL
• Pertamina
• Petrobras
• Petrochina Company Limited
• Petronas
• Phillips 66
• Royal Dutch Shell Plc
• Sinopec Limited
• Total S.A.
• Valvoline

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