The Global Industrial Lubricants Market is poised to grow at a CAGR of around 3.9% over the next decade to reach approximately $71.2 billion by 2025. Some of the prominent trends that the market is witnessing include the evolution of bio-based lubricants, the improvement of low-viscosity lubricants to fit present machinery, demand for polyamide resins in industrial applications and growth opportunities/investment opportunities.
Based on Lubricant Type the market is categorized into greases, bio-based oil lubricants, synthetic oil lubricants, mineral oil lubricants, metal working fluids, gear lubricants, hydraulic lubricants, compressor lubricants, turbine lubricants and other types.
Based on Product, the market is categorized into process oils, general industrial oils and industrial engine oils.
As per End User the market is segmented into marine, automotive, industrial, transportation, textiles, food processing, chemicals, power generation and other end users.
This industry report analyzes the market estimates and forecasts for all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2013, 2014 revenue estimations are presented for 2015 and forecasts from 2016 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.