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Industrial Oils Market By Source, By Type, By End Use: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 460 Pages
  • August 2022
  • Region: Global
  • Allied Market Research
  • ID: 5671257
Description Jump to:
The global industrial oils market size was valued at $62.4 billion in 2021, and projected to reach $85.9 billion by 2031, with a CAGR of 3.3% from 2022 to 2031.

Industrial oils are used in industries related to pharmaceuticals and food related products, tobacco, and cosmetics. Rapid surge in industrialization in the developing countries, boosts the growth of the industrial oils market. Industrial manufacturing has a great demand for automation in their processes which is also expected to drive the growth of the industrial oils market during the forecast period. In addition, industrial oils provide lubrication to the various parts of the equipment used in the production and process of food products or other products.

The food & beverage industries have seen a major growth and demand for industrial oils in countries like China and India. Countries like Germany and the U.S. utilize industrial oils to larger extent when it comes to food processing. Industrial oils are used as lubricants as they help in reducing the friction between two parts that are closely connected to one another.

Industrial oils have great importance in the manufacturing and automobile industries. It also provides thermal stability by reducing the temperature of the surface on which it is applied. It is also used in the production of shampoos, soaps, and other products. The use of vegetable oil in the production of various food products is projected to boost the growth of the market. The industrial oils market is expected to grow in the Asia-Pacific region due to the large patch of land available for agriculture which fosters the growth in the production of biodiesel. Increased use of industrial oils in food & beverages industry and the cosmetic industry is anticipated to drive the growth of the market. However, the surge in demand for electric vehicles across the globe is expected to hamper the growth of the industrial oils market as most of the industrial oils are used as raw materials for the production of bio fuels.

The industrial oils market is segmented on the basis of source, type, end use and region. On the basis of source, the market is classified into soybean, corn, sunflower, cottonseed, rapeseed, palm, and others. On the basis of type, the market is categorized into grade 1 (light), grade 2 (medium) and grade 3 (heavy). On the basis of end use, it is divided into biofuel, paints and coatings, cosmetics and personal care, pharmaceuticals and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe and North America.

The major companies profiled in this report include Cargill, Archer Daniels Midland, Kratan Corporation, Exxon Mobil Corporation, Chevron USA Inc., Royal Dutch Shell Plc, Castrol Limited, China Petroleum & Chemical Corporation (Sinopec), Wilmar International, Soya Mills SA, Gemtek Products, AAK Kamani, Buhler Group, Bunge Limited, Fujian Qian Trading Co. Ltd., Malplast Industries Limited, Matole Ltd, and LLC PK 'XimProm'. Increase in the investment of the top players in the construction of new manufacturing facilities drives the demand for industrial oils which are used as lubricants in these industries. Furthermore, the presence of junk food culture in the U.S. drives the demand for food & beverage industries which have positive impact on the development of the market.

Impact of Covid-19 on Industrial Oils Market

COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. The shutdown of industrial manufacturing has led to decline in the demand for industrial oils in most of the countries across the world. The decrease in utilization of power in the industrial facilities across the globe during the outbreak has a negative impact on the development of the market. However, surge in the demand for personal care and pharmaceutical products during the pandemic outbreak due to increased awareness among the people have shown positive trend in the market growth.

The gradual surge in the infrastructure activities after the pandemic is expected to have positive impact on the industrial oils market, as paints & coatings are used in the construction sector. Increase in the demand for biodiesel as an alternative fuel for diesel engines due to its various advantages such as renewability, purity, and low exhaust pollution have created positive impact on the market.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial oils market analysis from 2021 to 2031 to identify the prevailing industrial oils market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the industrial oils market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global industrial oils market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Source

  • Soybean
  • Corn
  • Sunflower
  • Cottonseed
  • Rapeseed
  • Palm
  • Others

By Type

  • Grade I (Light)
  • Grade II (Medium)
  • Grade III (Heavy)

By End Use

  • Pharmaceuticals
  • Others
  • Biofuel
  • Paints and Coatings
  • Cosmetics and Personal Care

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Rest Of LAMEA

Key Market Players

  • Cargill Incorporated
  • Archer Daniels Midland
  • Kratan Corporation
  • Exxon Mobil Corporation
  • Chevron USA Inc.
  • Royal Dutch Shell Plc
  • Castrol Limited
  • China Petroleum & Chemical Corporation (Sinopec)
  • Wilmar International
  • Soya Mills SA
  • Gemtek Products
  • AAK Kamani
  • Buhler Group
  • Bunge Limited
  • Fujian Qian Trading Co. Ltd.
  • Malplast Industries Limited
  • Matole Ltd
  • LLC PK 'XimProm'

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Pricing Analysis
3.8.Value Chain Analysis
3.9.Key Regulation Analysis
CHAPTER 4: INDUSTRIAL OILS MARKET, BY SOURCE
4.1 Overview
4.1.1 Market size and forecast
4.2 Soybean
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Corn
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Sunflower
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Cottonseed
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Rapeseed
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Palm
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
4.8 Others
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market analysis by country
CHAPTER 5: INDUSTRIAL OILS MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Grade I (Light)
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Grade II (Medium)
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Grade III (Heavy)
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: INDUSTRIAL OILS MARKET, BY END USE
6.1 Overview
6.1.1 Market size and forecast
6.2 Biofuel
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Paints and Coatings
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Cosmetics and Personal Care
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Pharmaceuticals
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: INDUSTRIAL OILS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Source
7.2.3 North America Market size and forecast, by Type
7.2.4 North America Market size and forecast, by End Use
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Source
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by End Use
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Source
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by End Use
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Source
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.3 Market size and forecast, by End Use
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Source
7.3.3 Europe Market size and forecast, by Type
7.3.4 Europe Market size and forecast, by End Use
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Source
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by End Use
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Source
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by End Use
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Source
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by End Use
7.3.5.4 Spain
7.3.5.4.1 Market size and forecast, by Source
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by End Use
7.3.5.5 Italy
7.3.5.5.1 Market size and forecast, by Source
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by End Use
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Source
7.3.5.6.2 Market size and forecast, by Type
7.3.5.6.3 Market size and forecast, by End Use
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Source
7.4.3 Asia-Pacific Market size and forecast, by Type
7.4.4 Asia-Pacific Market size and forecast, by End Use
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Source
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by End Use
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Source
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by End Use
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Source
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by End Use
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Source
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by End Use
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Source
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by End Use
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Source
7.4.5.6.2 Market size and forecast, by Type
7.4.5.6.3 Market size and forecast, by End Use
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Source
7.5.3 LAMEA Market size and forecast, by Type
7.5.4 LAMEA Market size and forecast, by End Use
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Source
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by End Use
7.5.5.2 Argentina
7.5.5.2.1 Market size and forecast, by Source
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by End Use
7.5.5.3 UAE
7.5.5.3.1 Market size and forecast, by Source
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by End Use
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Source
7.5.5.4.2 Market size and forecast, by Type
7.5.5.4.3 Market size and forecast, by End Use
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Cargill Incorporated
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Archer Daniels Midland
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Kratan Corporation
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Exxon Mobil Corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Chevron USA Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Royal Dutch Shell Plc
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Castrol Limited
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 China Petroleum & Chemical Corporation (Sinopec)
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Wilmar International
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Soya Mills SA
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Gemtek Products
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 AAK Kamani
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Buhler Group
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Bunge Limited
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Fujian Qian Trading Co. Ltd.
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 Malplast Industries Limited
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Matole Ltd
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments
9.18 LLC PK "XimProm"
9.18.1 Company overview
9.18.2 Company snapshot
9.18.3 Operating business segments
9.18.4 Product portfolio
9.18.5 Business performance
9.18.6 Key strategic moves and developments
List of Tables
Table 1. Global Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 2. Global Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 3. Gasketed Plate Heat Exchanger Market, for Industrial Gphe, by Region, 2021-2031 ($Million)
Table 4. Gasketed Plate Heat Exchanger Market, for Industrial Gphe, by Region, 2021-2031 (000 Units)
Table 5. Gasketed Plate Heat Exchanger Market for Industrial Gphe, by Country, 2021-2031 ($Million)
Table 6. Gasketed Plate Heat Exchanger Market for Industrial Gphe, by Country, 2021-2031 (000 Units)
Table 7. Gasketed Plate Heat Exchanger Market, for Wide Gap Gphe, by Region, 2021-2031 ($Million)
Table 8. Gasketed Plate Heat Exchanger Market, for Wide Gap Gphe, by Region, 2021-2031 (000 Units)
Table 9. Gasketed Plate Heat Exchanger Market for Wide Gap Gphe, by Country, 2021-2031 ($Million)
Table 10. Gasketed Plate Heat Exchanger Market for Wide Gap Gphe, by Country, 2021-2031 (000 Units)
Table 11. Gasketed Plate Heat Exchanger Market, for Semi Welded Gphe, by Region, 2021-2031 ($Million)
Table 12. Gasketed Plate Heat Exchanger Market, for Semi Welded Gphe, by Region, 2021-2031 (000 Units)
Table 13. Gasketed Plate Heat Exchanger Market for Semi Welded Gphe, by Country, 2021-2031 ($Million)
Table 14. Gasketed Plate Heat Exchanger Market for Semi Welded Gphe, by Country, 2021-2031 (000 Units)
Table 15. Global Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 16. Global Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 17. Gasketed Plate Heat Exchanger Market, for Stainless Steel, by Region, 2021-2031 ($Million)
Table 18. Gasketed Plate Heat Exchanger Market, for Stainless Steel, by Region, 2021-2031 (000 Units)
Table 19. Gasketed Plate Heat Exchanger Market for Stainless Steel, by Country, 2021-2031 ($Million)
Table 20. Gasketed Plate Heat Exchanger Market for Stainless Steel, by Country, 2021-2031 (000 Units)
Table 21. Gasketed Plate Heat Exchanger Market, for Titanium, by Region, 2021-2031 ($Million)
Table 22. Gasketed Plate Heat Exchanger Market, for Titanium, by Region, 2021-2031 (000 Units)
Table 23. Gasketed Plate Heat Exchanger Market for Titanium, by Country, 2021-2031 ($Million)
Table 24. Gasketed Plate Heat Exchanger Market for Titanium, by Country, 2021-2031 (000 Units)
Table 25. Gasketed Plate Heat Exchanger Market, for Tungsten, by Region, 2021-2031 ($Million)
Table 26. Gasketed Plate Heat Exchanger Market, for Tungsten, by Region, 2021-2031 (000 Units)
Table 27. Gasketed Plate Heat Exchanger Market for Tungsten, by Country, 2021-2031 ($Million)
Table 28. Gasketed Plate Heat Exchanger Market for Tungsten, by Country, 2021-2031 (000 Units)
Table 29. Global Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 30. Global Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 31. Gasketed Plate Heat Exchanger Market, for Food and Beverage, by Region, 2021-2031 ($Million)
Table 32. Gasketed Plate Heat Exchanger Market, for Food and Beverage, by Region, 2021-2031 (000 Units)
Table 33. Gasketed Plate Heat Exchanger Market for Food and Beverage, by Country, 2021-2031 ($Million)
Table 34. Gasketed Plate Heat Exchanger Market for Food and Beverage, by Country, 2021-2031 (000 Units)
Table 35. Gasketed Plate Heat Exchanger Market, for Oil and Gas, by Region, 2021-2031 ($Million)
Table 36. Gasketed Plate Heat Exchanger Market, for Oil and Gas, by Region, 2021-2031 (000 Units)
Table 37. Gasketed Plate Heat Exchanger Market for Oil and Gas, by Country, 2021-2031 ($Million)
Table 38. Gasketed Plate Heat Exchanger Market for Oil and Gas, by Country, 2021-2031 (000 Units)
Table 39. Gasketed Plate Heat Exchanger Market, for HVAC and Refrigeration, by Region, 2021-2031 ($Million)
Table 40. Gasketed Plate Heat Exchanger Market, for HVAC and Refrigeration, by Region, 2021-2031 (000 Units)
Table 41. Gasketed Plate Heat Exchanger Market for HVAC and Refrigeration, by Country, 2021-2031 ($Million)
Table 42. Gasketed Plate Heat Exchanger Market for HVAC and Refrigeration, by Country, 2021-2031 (000 Units)
Table 43. Gasketed Plate Heat Exchanger Market, for Chemical, by Region, 2021-2031 ($Million)
Table 44. Gasketed Plate Heat Exchanger Market, for Chemical, by Region, 2021-2031 (000 Units)
Table 45. Gasketed Plate Heat Exchanger Market for Chemical, by Country, 2021-2031 ($Million)
Table 46. Gasketed Plate Heat Exchanger Market for Chemical, by Country, 2021-2031 (000 Units)
Table 47. Gasketed Plate Heat Exchanger Market, for Others, by Region, 2021-2031 ($Million)
Table 48. Gasketed Plate Heat Exchanger Market, for Others, by Region, 2021-2031 (000 Units)
Table 49. Gasketed Plate Heat Exchanger Market for Others, by Country, 2021-2031 ($Million)
Table 50. Gasketed Plate Heat Exchanger Market for Others, by Country, 2021-2031 (000 Units)
Table 51. Gasketed Plate Heat Exchanger Market, by Region, 2021-2031 ($Million)
Table 52. Gasketed Plate Heat Exchanger Market, by Region, 2021-2031 (000 Units)
Table 53. North America Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 54. North America Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 55. North America Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 56. North America Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 57. North America Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 58. North America Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 59. North America Gasketed Plate Heat Exchanger Market, by Country, 2021-2031 ($Million)
Table 60. North America Gasketed Plate Heat Exchanger Market, by Country, 2021-2031 (000 Units)
Table 61. U.S. Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 62. U.S. Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 63. U.S. Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 64. U.S. Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 65. U.S. Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 66. U.S. Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 67. Canada Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 68. Canada Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 69. Canada Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 70. Canada Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 71. Canada Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 72. Canada Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 73. Mexico Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 74. Mexico Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 75. Mexico Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 76. Mexico Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 77. Mexico Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 78. Mexico Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 79. Europe Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 80. Europe Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 81. Europe Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 82. Europe Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 83. Europe Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 84. Europe Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 85. Europe Gasketed Plate Heat Exchanger Market, by Country, 2021-2031 ($Million)
Table 86. Europe Gasketed Plate Heat Exchanger Market, by Country, 2021-2031 (000 Units)
Table 87. Germany Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 88. Germany Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 89. Germany Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 90. Germany Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 91. Germany Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 92. Germany Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 93. France Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 94. France Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 95. France Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 96. France Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 97. France Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 98. France Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 99. UK Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 100. UK Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 101. UK Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 102. UK Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 103. UK Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 104. UK Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 105. Italy Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 106. Italy Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 107. Italy Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 108. Italy Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 109. Italy Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 110. Italy Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 111. Spain Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 112. Spain Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 113. Spain Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 114. Spain Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 115. Spain Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 116. Spain Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 117. Rest of Europe Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 118. Rest of Europe Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 119. Rest of Europe Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 120. Rest of Europe Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 121. Rest of Europe Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 122. Rest of Europe Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 123. Asia-Pacific Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 124. Asia-Pacific Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 125. Asia-Pacific Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 126. Asia-Pacific Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 127. Asia-Pacific Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 128. Asia-Pacific Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 129. Asia-Pacific Gasketed Plate Heat Exchanger Market, by Country, 2021-2031 ($Million)
Table 130. Asia-Pacific Gasketed Plate Heat Exchanger Market, by Country, 2021-2031 (000 Units)
Table 131. China Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 132. China Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 133. China Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 134. China Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 135. China Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 136. China Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 137. Japan Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 138. Japan Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 139. Japan Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 140. Japan Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 141. Japan Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 142. Japan Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 143. India Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 144. India Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 145. India Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 146. India Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 147. India Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 148. India Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 149. South Korea Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 150. South Korea Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 151. South Korea Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 152. South Korea Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 153. South Korea Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 154. South Korea Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 155. Australia Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 156. Australia Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 157. Australia Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 158. Australia Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 159. Australia Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 160. Australia Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 161. Rest of Asia-Pacific Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 162. Rest of Asia-Pacific Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 163. Rest of Asia-Pacific Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 164. Rest of Asia-Pacific Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 165. Rest of Asia-Pacific Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 166. Rest of Asia-Pacific Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 167. LAMEA Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 168. LAMEA Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 169. LAMEA Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 170. LAMEA Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 171. LAMEA Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 172. LAMEA Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 173. LAMEA Gasketed Plate Heat Exchanger Market, by Country, 2021-2031 ($Million)
Table 174. LAMEA Gasketed Plate Heat Exchanger Market, by Country, 2021-2031 (000 Units)
Table 175. Brazil Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 176. Brazil Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 177. Brazil Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 178. Brazil Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 179. Brazil Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 180. Brazil Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 181. Saudi Arabia Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 182. Saudi Arabia Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 183. Saudi Arabia Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 184. Saudi Arabia Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 185. Saudi Arabia Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 186. Saudi Arabia Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 187. South Africa Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 188. South Africa Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 189. South Africa Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 190. South Africa Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 191. South Africa Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 192. South Africa Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 193. Rest of LAMEA Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 ($Million)
Table 194. Rest of LAMEA Gasketed Plate Heat Exchanger Market, by Type, 2021-2031 (000 Units)
Table 195. Rest of LAMEA Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 ($Million)
Table 196. Rest of LAMEA Gasketed Plate Heat Exchanger Market, by Material, 2021-2031 (000 Units)
Table 197. Rest of LAMEA Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 ($Million)
Table 198. Rest of LAMEA Gasketed Plate Heat Exchanger Market, by End-user, 2021-2031 (000 Units)
Table 199. Alfa Laval: Company Snapshot
Table 200. Alfa Laval: Operating Segments
Table 201. Alfa Laval: Product Portfolio
Table 202. Alfa Laval: Net Sales
Table 203. Alfa Laval: Key Stratergies
Table 204. Kelvion Holding GmbH: Company Snapshot
Table 205. Kelvion Holding GmbH: Operating Segments
Table 206. Kelvion Holding GmbH: Product Portfolio
Table 207. Kelvion Holding GmbH: Net Sales
Table 208. Kelvion Holding GmbH: Key Stratergies
Table 209. Swep International Ab: Company Snapshot
Table 210. Swep International Ab: Operating Segments
Table 211. Swep International Ab: Product Portfolio
Table 212. Swep International Ab: Net Sales
Table 213. Swep International Ab: Key Stratergies
Table 214. Danfoss: Company Snapshot
Table 215. Danfoss: Operating Segments
Table 216. Danfoss: Product Portfolio
Table 217. Danfoss: Net Sales
Table 218. Danfoss: Key Stratergies
Table 219. Hisaka Works Ltd.: Company Snapshot
Table 220. Hisaka Works Ltd.: Operating Segments
Table 221. Hisaka Works Ltd.: Product Portfolio
Table 222. Hisaka Works Ltd.: Net Sales
Table 223. Hisaka Works Ltd.: Key Stratergies
Table 224. Enoveneta: Company Snapshot
Table 225. Enoveneta: Operating Segments
Table 226. Enoveneta: Product Portfolio
Table 227. Enoveneta: Net Sales
Table 228. Enoveneta: Key Stratergies
Table 229. Tranter: Company Snapshot
Table 230. Tranter: Operating Segments
Table 231. Tranter: Product Portfolio
Table 232. Tranter: Net Sales
Table 233. Tranter: Key Stratergies
Table 234. Vitherm: Company Snapshot
Table 235. Vitherm: Operating Segments
Table 236. Vitherm: Product Portfolio
Table 237. Vitherm: Net Sales
Table 238. Vitherm: Key Stratergies
Table 239. Api Heat Transfer: Company Snapshot
Table 240. Api Heat Transfer: Operating Segments
Table 241. Api Heat Transfer: Product Portfolio
Table 242. Api Heat Transfer: Net Sales
Table 243. Api Heat Transfer: Key Stratergies
Table 244. Xylem: Company Snapshot
Table 245. Xylem: Operating Segments
Table 246. Xylem: Product Portfolio
Table 247. Xylem: Net Sales
Table 248. Xylem: Key Stratergies
List of Figures
Figure 1. Industrial Oils Market Segmentation
Figure 2. Industrial Oils Market,2021-2031
Figure 3. Industrial Oils Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Industrial Oils Market:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Value Chain Analysis
Figure 14. Key Regulation Analysis
Figure 15. Industrial Oils Market,By Source,2021(%)
Figure 16. Comparative Share Analysis of Soybean Industrial Oils Market,2021-2031(%)
Figure 17. Comparative Share Analysis of Corn Industrial Oils Market,2021-2031(%)
Figure 18. Comparative Share Analysis of Sunflower Industrial Oils Market,2021-2031(%)
Figure 19. Comparative Share Analysis of Cottonseed Industrial Oils Market,2021-2031(%)
Figure 20. Comparative Share Analysis of Rapeseed Industrial Oils Market,2021-2031(%)
Figure 21. Comparative Share Analysis of Palm Industrial Oils Market,2021-2031(%)
Figure 22. Comparative Share Analysis of Others Industrial Oils Market,2021-2031(%)
Figure 23. Industrial Oils Market,By Type,2021(%)
Figure 24. Comparative Share Analysis of Grade I (Light) Industrial Oils Market,2021-2031(%)
Figure 25. Comparative Share Analysis of Grade II (Medium) Industrial Oils Market,2021-2031(%)
Figure 26. Comparative Share Analysis of Grade III (Heavy) Industrial Oils Market,2021-2031(%)
Figure 27. Industrial Oils Market,By End Use,2021(%)
Figure 28. Comparative Share Analysis of Biofuel Industrial Oils Market,2021-2031(%)
Figure 29. Comparative Share Analysis of Paints and Coatings Industrial Oils Market,2021-2031(%)
Figure 30. Comparative Share Analysis of Cosmetics and Personal Care Industrial Oils Market,2021-2031(%)
Figure 31. Comparative Share Analysis of Pharmaceuticals Industrial Oils Market,2021-2031(%)
Figure 32. Comparative Share Analysis of Others Industrial Oils Market,2021-2031(%)
Figure 33. Industrial Oils Market by Region,2021
Figure 34. U.S. Industrial Oils Market,2021-2031($Million)
Figure 35. Canada Industrial Oils Market,2021-2031($Million)
Figure 36. Mexico Industrial Oils Market,2021-2031($Million)
Figure 37. Germany Industrial Oils Market,2021-2031($Million)
Figure 38. France Industrial Oils Market,2021-2031($Million)
Figure 39. Uk Industrial Oils Market,2021-2031($Million)
Figure 40. Spain Industrial Oils Market,2021-2031($Million)
Figure 41. Italy Industrial Oils Market,2021-2031($Million)
Figure 42. Rest of Europe Industrial Oils Market,2021-2031($Million)
Figure 43. China Industrial Oils Market,2021-2031($Million)
Figure 44. Japan Industrial Oils Market,2021-2031($Million)
Figure 45. India Industrial Oils Market,2021-2031($Million)
Figure 46. South Korea Industrial Oils Market,2021-2031($Million)
Figure 47. Australia Industrial Oils Market,2021-2031($Million)
Figure 48. Rest of Asia-Pacific Industrial Oils Market,2021-2031($Million)
Figure 49. Brazil Industrial Oils Market,2021-2031($Million)
Figure 50. Argentina Industrial Oils Market,2021-2031($Million)
Figure 51. Uae Industrial Oils Market,2021-2031($Million)
Figure 52. Rest of LAMEA Industrial Oils Market,2021-2031($Million)
Figure 53. Top Winning Strategies, by Year
Figure 54. Top Winning Strategies, by Development
Figure 55. Top Winning Strategies, by Company
Figure 56. Product Mapping of Top 10 Players
Figure 57. Competitive Dashboard
Figure 58. Competitive Heatmap of Top 10 Key Players
Figure 59. Cargill Incorporated.: Net Sales ,($Million)
Figure 60. Archer Daniels Midland.: Net Sales ,($Million)
Figure 61. Kratan Corporation.: Net Sales ,($Million)
Figure 62. Exxon Mobil Corporation.: Net Sales ,($Million)
Figure 63. Chevron Usa Inc..: Net Sales ,($Million)
Figure 64. Royal Dutch Shell PLC.: Net Sales ,($Million)
Figure 65. Castrol Limited.: Net Sales ,($Million)
Figure 66. China Petroleum & Chemical Corporation (Sinopec).: Net Sales ,($Million)
Figure 67. Wilmar International.: Net Sales ,($Million)
Figure 68. Soya Mills SA.: Net Sales ,($Million)
Figure 69. Gemtek Products.: Net Sales ,($Million)
Figure 70. Aak Kamani.: Net Sales ,($Million)
Figure 71. Buhler Group.: Net Sales ,($Million)
Figure 72. Bunge Limited.: Net Sales ,($Million)
Figure 73. Fujian Qian Trading Co. Ltd..: Net Sales ,($Million)
Figure 74. Malplast Industries Limited.: Net Sales ,($Million)
Figure 75. Matole Ltd.: Net Sales ,($Million)
Figure 76. LLC Pk "Ximprom".: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Industrial Oils Market," the industrial oils market size was valued at $62.4 billion in 2021, and industrial oils industry is estimated to reach $85.9 billion by 2031, growing at a CAGR of 3.3% from 2022 to 2031.

Industrial oils are produced using hydrotreated or hydrocracked base oils, which offer a separate quality benefit over other comparable goods produced through the use of standard base oils. The presence of developing countries in Asia-Pacific such as China and India, which are the hub for industrial oils production owing to the rapid expansion of chemical, biodiesel, and cosmetic industries boost the demand for industrial oils which are used as raw materials in various production facilities. The basic sources of industrial oils are soybean, corn, sunflower, cottonseed, rapeseed, palm, groundnut, linseed, and grape seed.

Industrial oils are used in machines that manufacture or process food related commodities, pharmaceutical products, cosmetics, corrosion protection products, and power transmission Increased use of industrial oils in the food and beverage industry is one of the major drivers for the industrial oil market. The rise in middle class income, particularly in developing countries such as in China and India, has resulted in increased demand for food and beverages. The presence of huge population in the above mentioned developing countries have positive impact on the demand for industrial oils. Furthermore, the expansion of industries such as dairy products, animal feed, beverages, meat processing, sugar, bakery products, processed fruits and vegetables across the globe have positive impact on the demand for food grade industrial oils.

With the growing global population, there has been an increase in the demand for efficient power source. Industrial oils are used in machines related to power transmission and increase in investment of the government & private players in the development of renewable energy has led to the demand for power transmission related products, which have positive impact on the industrial oils market. Furthermore, the increase in the awareness among the individuals regarding the environment and decline in the fossil fuel resources led to the innovation & development of alternatives such as biodiesel have led to increase in the demand for industrial oils market. The presence of these advantages is expected to drive the industrial oils market growth during the forecast period.

The industrial oils market forecast is segmented on the basis of source, type, end use, and region. On the basis of source, the market is segmented into soybean, corn, sunflower, cottonseed, rapeseed, palm, and others. On the basis of type, the market is classified into grade 1 (light), grade 2 (medium), and grade 3 (heavy). On the basis of end use, it is classified into biofuel, paints and coatings, cosmetics and personal care, pharmaceuticals and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe and North America.

The major companies profiled in this report include Cargill, Archer Daniels Midland, Kratan Corporation, Exxon Mobil Corporation, Chevron USA Inc., Royal Dutch Shell Plc, Castrol Limited, China Petroleum & Chemical Corporation (Sinopec), Wilmar International, Soya Mills SA, Gemtek Products, AAK Kamani, Buhler Group, Bunge Limited, Fujian Qian Trading Co. Ltd., Malplast Industries Limited, Matole Ltd, and LLC PK "XimProm". The growth in concern over food safety is a major factor that boosts the growth of the industrial oils market. Rise in consumer awareness in regard to the food quality and the outbreak of foodborne diseases have put pressure on food industry players to implement sanitary practices in their manufacturing facilities.

Key Findings of the Study

  • AS per industrial oils market analysis, Asia-Pacific holds dominant position in 2021 and would continue to maintain the lead during the forecast period.
  • By source, soybean segment accounted for the largest industrial oils market share in 2021.
  • By type, grade I segment accounted for the largest share in 2021.
  • By end use, biofuel segment is projected to grow at a CAGR of 2.9% by 2031.
  • Impact of Covid-19 on Industrial Oils Market
  • COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. The shutdown of industrial manufacturing has led to decline in the demand for industrial oils in most of the countries across the world. The decrease in utilization of power in the industrial facilities across the globe during the outbreak has a negative impact on the development of the market. However, surge in the demand for personal care and pharmaceutical products during the pandemic outbreak due to increased awareness among the people have shown positive industrial oils market trends during the forecast period.
  • The gradual surge in the infrastructure activities after the pandemic is expected to have positive impact on the industrial oils market, as paints & coatings are used in the construction sector. Increase in the demand for biodiesel as an alternative fuel for diesel engines due to its various advantages such as renewability, purity, and low exhaust pollution have created positive impact on the industrial oils market opportunities.

Companies Mentioned

  • Cargill Incorporated
  • Archer Daniels Midland
  • Kratan Corporation
  • Exxon Mobil Corporation
  • Chevron Usa Inc.
  • Royal Dutch Shell plc
  • Castrol Limited
  • China Petroleum & Chemical Corporation (Sinopec)
  • Wilmar International
  • Soya Mills Sa
  • Gemtek Products
  • Aak Kamani
  • Buhler Group
  • Bunge Limited
  • Fujian Qian Trading Co. Ltd.
  • Malplast Industries Limited
  • Matole Ltd
  • Llc Pk "Ximprom"

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages460
PublishedAugust 2022
Forecast Period2021 - 2031
Estimated Market Value ( USD ) in 2021 $ 62.4 billion
Forecasted Market Value ( USD ) by 2031 $ 85.9 billion
Compound Annual Growth Rate3.2%
Regions CoveredGlobal
No. of Companies Mentioned18

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