Delray Beach, FL, June 15, 2025 (GLOBE NEWSWIRE) — In terms of value, the Industrial Lubricants Market size was USD 63.9 billion in 2024 and is projected to reach USD 74.3 billion by 2029, at a CAGR of 3.1%, between 2024 and 2029, as per the recent study by MarketsandMarkets™. The market is projected to grow because of growing demand for processed foods, mounting demand from construction, agriculture, mining and marine industries and growing automation in end-use industries. These industrial lubricants play a crucial role in various applications in various end-use industries such as construction, power generation and others. In addition, due to the increasing population, increasing demand for renewable energy, technological advancements and changing consumer preferences the demand for industrial lubricants can increase due to various applications.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84594070
Browse in-depth TOC on “Industrial Lubricants Market”
388 – Market Data Tables
59 – Figures
327 – Pages
List of Key Players in Industrial Lubricants Market:
- Shell plc (UK)
- Exxon Mobil Corporation (US)
- BP p.l.c. (UK)
- Chevron Corporation (US)
- TotalEnergies SE (France)
- PetroChina Company Limited (China)
- ENEOS Holdings, Inc. (Japan)
- China Petroleum & Chemical Corporation (China)
- Idemitsu Kosan Co., Ltd. (Japan)
Drivers, Opportunities and Challenges in Industrial Lubricants Market:
- Drivers: Mounting demand from construction, mining, agriculture, and marine industries across worldwide
- Restraint: Strict environmental norms
- Opportunity: Growing demand for renewable energy
- Challenge: Fluctuating prices of raw materials
Get Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=84594070
Key Findings of the Study:
- Metalworking fluid product type are projected to register the third-highest CAGR, in terms of value, of the global industrial lubricants market during the forecast period.
- Synthetic oil is estimated to be the second-largest base oil type of industrial lubricants market, in terms of value, during the forecast period.
- Europe is estimated to be the second-largest market for the lubricants market, in terms of value, during the forecast period.
Based on base oil type, the industrial lubricants market is segmented as mineral oil, synthetic oil, and bio-based oil. From them, mineral oil accounted for largest market share, in terms of value, in 2023. They are the most compatible with a wide variety of materials and seals commonly used in machinery and equipment. Moreover, they are typically less expensive due to low production cost. Also, they are easily available in different regions. Therefore, mineral oil lubricants accounted for largest share in industrial lubricants market.
Based on end-use industry, the industrial lubricants market is segmented into ten key sub-segments as construction, cement production, metal & mining production, oil & gas, power generation, textile, food processing, chemical, automotive (vehicle manufacturing) and others. The construction end-use industry sub-segment is accounted for the largest share in terms of value, in 2023. This is mainly due to the rising construction activities around the world as the worlds populations is increasing rapidly. Therefore, construction end-use industry sub-segment is accounted for the largest share.
Get Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=84594070
Based on region, Asia Pacific is the largest market industrial lubricants, in terms of value, in 2023 due to the due to its robust economic growth, increasing population, rapid industrialization rising disposable incomes, and favourable government regulations. Moreover, densely populated countries such as China and India experience high demand across various sectors, including automotive, manufacturing, construction, and agriculture. Thus, the demand for industrial lubricants is high in Asia Pacific region. Likewise, the Asia Pacific is projected to be the fastest growing market, in terms of value, during the forecast period 2024 to 2029.
Browse Adjacent Markets Bulk Chemicals and Inorganics Market Research Reports
Related Reports:
- Lubricants Market
- Global Chemical Industry Outlook 2025
- Biodegradable Plastic Additives Market
- Industrial Fasteners Market
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445, USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: www.marketsandmarkets.com
- Miscellaneous - June 16, 2025
- Placing and Subscription to raise £2,712,000 - June 16, 2025
- Roche to advance prasinezumab into Phase III development for early-stage Parkinson’s disease - June 16, 2025
