Table of Content

1 INTRODUCTION 22
1.1 OBJECTIVES OF THE STUDY 22
1.2 MARKET DEFINITION 22
1.3 MARKET SCOPE 23
1.3.1 INDUSTRIAL LUBRICANTS: MARKET SEGMENTATION 23
1.3.2 REGIONS COVERED 23
1.3.3 YEARS CONSIDERED FOR THE STUDY 24
1.4 CURRENCY 24
1.5 UNIT CONSIDERED 24
1.6 LIMITATIONS 24
1.7 STAKEHOLDERS 25

2 RESEARCH METHODOLOGY 26
2.1 MARKET DEFINITION AND SCOPE 26
2.2 BASE NUMBER CALCULATION 26
2.2.1 PRIMARY AND SECONDARY RESEARCH 26
2.2.2 MARKET CALCULATION, BY END-USE INDUSTRY 27
2.2.3 MARKET CALCULATION (DEMAND SIDE APPROACH), BY BASE OIL 27
2.3 FORECAST NUMBER CALCULATION 28
2.4 MARKET ENGINEERING PROCESS 28
2.4.1 BOTTOM-UP APPROACH 28
2.4.2 TOP-DOWN APPROACH 29
2.5 ASSUMPTIONS 29
2.6 SECONDARY DATA 29
2.7 PRIMARY DATA 30
2.7.1 BREAKDOWN OF PRIMARY INTERVIEWS 30
2.7.2 KEY INDUSTRY INSIGHTS 31

3 EXECUTIVE SUMMARY 32

4 PREMIUM INSIGHTS 36
4.1 ATTRACTIVE OPPORTUNITIES IN THE INDUSTRIAL LUBRICANTS MARKET 36
4.2 APAC INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL AND COUNTRY, 2018 36
4.3 INDUSTRIAL LUBRICANTS MARKET, BY REGION 37
4.4 INDUSTRIAL LUBRICANTS MARKET ATTRACTIVENESS 37

5 MARKET OVERVIEW 38
5.1 INTRODUCTION 38
5.2 MARKET SEGMENTATION 38
5.2.1 BY BASE OIL 38
5.2.2 BY PRODUCT TYPE 39
5.2.3 BY END-USE INDUSTRY 40
5.2.4 BY REGION 41
5.3 MARKET DYNAMICS 41
5.3.1 DRIVERS 42
5.3.1.1 Massive industrial growth in APAC and the Middle East & Africa 42
5.3.1.2 Rise in automation in various end-use industries 42
5.3.1.3 Growing demand for processed food 43
5.3.1.4 Improved quality of industrial lubricants 43
5.3.2 RESTRAINTS 43
5.3.2.1 High cost of synthetic and bio-based lubricants 43
5.3.2.2 Reduction in the use of metal parts by automakers 43
5.3.2.3 Stringent environmental regulations 43
5.3.3 OPPORTUNITIES 44
5.3.3.1 Rising trend of using bio-based industrial lubricants 44
5.3.3.2 Emerging demand for renewable energy 44
5.3.4 CHALLENGES 44
5.3.4.1 Volatile crude oil prices 44

6 INDUSTRY TRENDS 45
6.1 INTRODUCTION 45
6.2 VALUE CHAIN ANALYSIS 45
6.2.1 RAW MATERIALS 46
6.2.2 BLENDING 46
6.2.3 DISTRIBUTION 46
6.2.4 END USE 46
6.3 PORTER’S FIVE FORCES ANALYSIS 47
6.3.1 THREAT OF NEW ENTRANTS 47
6.3.2 THREAT OF SUBSTITUTES 48
6.3.3 BARGAINING POWER OF SUPPLIERS 48
6.3.4 BARGAINING POWER OF BUYERS 48
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 48

7 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL 49
7.1 INTRODUCTION 50
7.2 MARKET SIZE ESTIMATION 51
7.3 MINERAL OIL 52
7.3.1 THE MAJOR REASON FOR THE GROWTH OF THIS SEGMENT IS THE LOW
COST OF MINERAL OIL-BASED INDUSTRIAL LUBRICANTS 52
7.4 SYNTHETIC OIL 53
7.4.1 GROWING INDUSTRIAL PRODUCTION IS DRIVING THE DEMAND
FOR SYNTHETIC OIL-BASED INDUSTRIAL LUBRICANTS 53
7.4.2 PAO 56
7.4.3 PAG 56
7.4.4 ESTERS 56
7.4.5 GROUP III (HYDROCRACKING) 56
7.5 BIO-BASED OIL 57
7.5.1 THE RISING AWARENESS REGARDING BIO-BASED LUBRICANTS IS EXPECTED TO FUEL THE BIO-BASED INDUSTRIAL LUBRICANTS MARKET 57

8 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE 59
8.1 INTRODUCTION 60
8.2 HYDRAULIC FLUID 61
8.2.1 RISING CONSTRUCTION ACTIVITIES IN THE EMERGING REGIONS ARE EXPECTED TO DRIVE THE HYDRAULIC FLUID MARKET FOR INDUSTRIAL LUBRICANTS 61
8.2.2 HL HYDRAULIC FLUID 62
8.2.3 HLP HYDRAULIC FLUID 62
8.2.4 HLP-D HYDRAULIC FLUID 63
8.2.5 FIRE-RESISTANT HYDRAULIC FLUID 63
8.3 METALWORKING FLUID 63
8.3.1 GROWING AUTOMOTIVE INDUSTRY IS FUELING THE DEMAND FOR METALWORKING FLUID 63
8.3.2 REMOVAL METALWORKING FLUID 64
8.3.3 PROTECTING METALWORKING FLUID 65
8.3.4 FORMING METALWORKING FLUID 65
8.3.5 TREATING METALWORKING FLUID 65
8.4 GEAR OIL 65
8.4.1 GROWING WIND POWER INDUSTRY IS THE MAJOR GOVERNING
FACTOR FOR THE MARKET IN THIS SEGMENT 65
8.4.2 RUST & CORROSION INHIBITED GEAR OIL 67
8.4.3 COMPOUNDED GEAR OIL 67
8.4.4 EXTREME PRESSURE GEAR OIL 67
8.5 COMPRESSOR OIL 67
8.5.1 INCREASING DEMAND FOR SCREW COMPRESSORS IS
BOOSTING THE MARKET 67
8.6 GREASE 69
8.6.1 IMPROVED QUALITY OF INDUSTRIAL GREASES ACTS AS A MAJOR
DRIVER FOR THE MARKET 69
8.6.2 METALLIC SOAP THICKENER 70
8.6.2.1 Lithium 70
8.6.2.2 Calcium 70
8.6.2.3 Aluminum 70
8.6.2.4 Sodium 71
8.6.2.5 Other Metallic Soap 71
8.6.3 NON-SOAP THICKENER 71
8.6.4 INORGANIC THICKENER 71
8.6.4.1 Clay 71
8.6.4.2 Silica 71
8.6.5 OTHER THICKENERS 71
8.7 TURBINE OIL 71
8.7.1 GROWING POWER INDUSTRY IS CONTRIBUTING TO THE GROWTH
OF THE MARKET 71
8.8 OTHERS 73
8.8.1 TRANSFORMER OIL 73
8.8.2 REFRIGERATION OIL 73
8.8.3 TEXTILE MACHINERY LUBRICANTS 73

9 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY 75
9.1 INTRODUCTION 76
9.2 MARKET SIZE ESTIMATION 76
9.3 CONSTRUCTION 78
9.3.1 RISING DEMAND FROM APAC IS EXPECTED TO BE THE MAIN DRIVER
FOR THE MARKET IN THIS SEGMENT 78
9.4 METAL & MINING 79
9.4.1 THE MINING INDUSTRY IS A LEADING CONSUMER OF INDUSTRIAL LUBRICANTS 79
9.4.2 PRIMARY FERROUS PRODUCTS 81
9.4.3 PRIMARY NON-FERROUS PRODUCTS 81
9.5 CEMENT PRODUCTION 81
9.5.1 SPECIALTY LUBRICANTS ARE USED IN THE CEMENT PRODUCTION INDUSTRY 81
9.6 POWER GENERATION 82
9.6.1 SPECIAL GRADES OF INDUSTRIAL LUBRICANTS ARE USED IN THIS INDUSTRY 82
9.7 AUTOMOTIVE (VEHICLE MANUFACTURING) 84
9.7.1 HYDRAULIC FLUID, METALWORKING FLUID, GREASE, AND GEAR OIL
ARE USED IN THE AUTOMOTIVE INDUSTRY 84
9.7.2 TRANSPORT EQUIPMENT 85
9.8 CHEMICAL 85
9.8.1 RISING DEMAND FOR FERTILIZERS IS LIKELY TO DRIVE THE DEMAND
FOR INDUSTRIAL LUBRICANTS IN THE CHEMICAL INDUSTRY 85
9.9 OIL & GAS 87
9.9.1 THE NEED FOR LONG-TERM STABILITY AND SMOOTH FUNCTIONING OF MACHINERY IS DRIVING THE DEMAND FOR INDUSTRIAL LUBRICANTS
IN THE OIL & GAS INDUSTRY 87
9.10 TEXTILE 88
9.10.1 INCREASE IN POPULATION IS SPURRING THE DEMAND FOR INDUSTRIAL LUBRICANTS IN THIS INDUSTRY 88
9.11 FOOD PROCESSING 89
9.11.1 RISING DEMAND FOR PROCESSED FOOD IS CONTRIBUTING TO THE
MARKET GROWTH IN THIS SEGMENT 89
9.11.2 FOOD 91
9.11.3 BAKERY 91
9.11.4 SUGAR 91
9.11.5 DAIRY 91
9.11.6 MEAT POULTRY & SEAFOOD 92
9.11.7 BEVERAGE 92
9.11.8 OTHERS 92
9.12 OTHERS 92

10 INDUSTRIAL LUBRICANTS MARKET, BY REGION 94
10.1 INTRODUCTION 95
10.2 APAC 96
10.2.1 CHINA 101
10.2.1.1 China is the global manufacturing hub with leading global companies focusing on expanding their businesses in the country 101
10.2.2 INDIA 102
10.2.2.1 The manufacturing sector is growing in the country, posing
high prospects for the market 102
10.2.3 JAPAN 104
10.2.3.1 The country is known for advanced technology and innovation-
driven approach across all the sectors 104
10.2.4 SOUTH KOREA 105
10.2.4.1 South Korea has one of the largest automotive industries in the world 105
10.2.5 AUSTRALIA & NEW ZEALAND 107
10.2.5.1 The mining industry is driving the demand for industrial lubricants 107
10.2.6 THAILAND 108
10.2.6.1 The incredible development of the country supported by viable economic policies is helping in the market growth 108
10.2.7 INDONESIA 110
10.2.7.1 The country’s established crude oil and mining sectors are influencing the market positively 110
10.2.8 REST OF APAC 111
10.3 NORTH AMERICA 113
10.3.1 US 117
10.3.1.1 Presence of major oil & gas giants in the country are driving the market for industrial lubricants 117
10.3.2 CANADA 118
10.3.2.1 The market in the country is witnessing strong competition from that in the emerging economies of APAC and the Middle East 118
10.3.3 MEXICO 120
10.3.3.1 Booming industrialization and rising population are expected to increase the demand for industrial lubricants 120
10.4 EUROPE 121
?
10.4.1 RUSSIA 126
10.4.1.1 As one of the largest oil producers and fifth-largest steel producer in the world, Russia offers ample growth opportunities to the industrial lubricants manufacturers 126
10.4.2 GERMANY 127
10.4.2.1 The growing automotive industry is expected to drive the demand
for industrial lubricants 127
10.4.3 UK 129
10.4.3.1 Government’s plans to increase wind capacity installations and infrastructure spending are expected to spur the market 129
10.4.4 FRANCE 130
10.4.4.1 All the major end-use industries of industrial lubricants are
growing in the country 130
10.4.5 ITALY 132
10.4.5.1 Complete economic recovery is expected to fuel the
market in the future 132
10.4.6 SPAIN 133
10.4.6.1 Spain exports a significant percentage of vehicles
produced in the country 133
10.4.7 REST OF EUROPE 135
10.5 MIDDLE EAST & AFRICA 136
10.5.1 SOUTH AFRICA 139
10.5.1.1 The country is witnessing demand for automobiles, which
is aiding the industrial lubricants market 139
10.5.2 TURKEY 141
10.5.2.1 As one of the newly industrialized countries, Turkey has
immense opportunities for market growth 141
10.5.3 IRAN 142
10.5.3.1 Government expenditure on the infrastructural growth is
helpful for the market growth 142
10.5.4 REST OF MIDDLE EAST & AFRICA 143
10.6 SOUTH AMERICA 145
10.6.1 BRAZIL 148
10.6.1.1 Rapidly expanding economy stimulated by increasing investments
is expected to drive the demand for industrial lubricants 148
10.6.2 ARGENTINA 150
10.6.2.1 The growing construction industry is expected to drive the
demand for industrial lubricants 150
10.6.3 REST OF SOUTH AMERICA 151

11 COMPETITIVE LANDSCAPE 153
11.1 OVERVIEW 153
11.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET) 153
11.2.1 INNOVATORS 153
11.2.2 VISIONARY LEADERS 153
11.2.3 EMERGING COMPANIES 153
11.3 STRENGTH OF PRODUCT PORTFOLIO 155
11.4 BUSINESS STRATEGY EXCELLENCE 155
11.5 COMPETITIVE LEADERSHIP MAPPING (SMSE) 156
11.5.1 PROGRESSIVE COMPANIES 156
11.5.2 RESPONSIVE COMPANIES 156
11.5.3 DYNAMIC COMPANIES 156
11.5.4 STARTING BLOCKS 156
11.6 STRENGTH OF PRODUCT PORTFOLIO 158
11.7 BUSINESS STRATEGY EXCELLENCE 158
11.8 MARKET SHARE OF KEY PLAYERS 159
11.9 COMPETITIVE SITUATION AND TRENDS 161
11.9.1 EXPANSION 161
11.9.2 CONTRACT & AGREEMENT 163
11.9.3 ACQUISITION 163
11.9.4 JOINT VENTURE 164
11.9.5 NEW PRODUCT LAUNCH 164

12 COMPANY PROFILES 166
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 ROYAL DUTCH SHELL PLC 166
12.2 EXXONMOBIL CORPORATION 170
12.3 BP P.L.C. 173
12.4 CHEVRON CORPORATION 176
12.5 TOTAL S.A. 179
12.6 PETROCHINA COMPANY LIMITED 182
12.7 IDEMITSU KOSAN CO., LTD. 184
12.8 SINOPEC LIMITED 186
12.9 FUCHS PETROLUB AG 188
12.10 JXTG GROUP 190
12.11 VALVOLINE 192
12.12 LUKOIL 194
12.13 PETRONAS 196
12.14 PERTAMINA 198
12.15 GAZPROM NEFT 200
12.16 INDIAN OIL CORPORATION LIMITED (IOCL) 202
12.17 PHILLIPS 66 204
12.18 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL) 206
12.19 PETROBRAS 208
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

13 APPENDIX 210
13.1 DISCUSSION GUIDE 210
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 214
13.3 AVAILABLE CUSTOMIZATIONS 216
13.4 RELATED REPORTS 216
13.5 AUTHOR DETAILS 217



List of Figures



FIGURE 1 INDUSTRIAL LUBRICANTS MARKET: BOTTOM-UP APPROACH 28
FIGURE 2 INDUSTRIAL LUBRICANTS MARKET: TOP-DOWN APPROACH 29
FIGURE 3 SYNTHETIC OIL TO BE THE FASTEST-GROWING BASE OIL FOR
INDUSTRIAL LUBRICANTS 33
FIGURE 4 HYDRAULIC FLUID TO BE THE LARGEST PRODUCT TYPE 33
FIGURE 5 CONSTRUCTION TO BE THE LARGEST END-USE INDUSTRY OF
INDUSTRIAL LUBRICANTS 34
FIGURE 6 APAC TO BE THE FASTEST-GROWING MARKET FOR INDUSTRIAL LUBRICANTS 35
FIGURE 7 INDUSTRIAL LUBRICANTS MARKET TO REGISTER MODERATE GROWTH
BETWEEN 2019 AND 2024 36
FIGURE 8 CHINA AND MINERAL OIL SEGMENT ACCOUNTED FOR THE LARGEST
MARKET SHARES 36
FIGURE 9 APAC TO BE THE LARGEST MARKET FOR INDUSTRIAL LUBRICANTS 37
FIGURE 10 CHINA TO BE THE FASTEST-GROWING MARKET, GLOBALLY 37
FIGURE 11 INDUSTRIAL LUBRICANTS MARKET, BY REGION 41
FIGURE 12 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN
THEINDUSTRIAL LUBRICANTS MARKET 41
FIGURE 13 VALUE CHAIN OF INDUSTRIAL LUBRICANTS MARKET 45
FIGURE 14 PORTER’S FIVE FORCES ANALYSIS OF INDUSTRIAL LUBRICANTS MARKET 47
FIGURE 15 MINERAL OIL TO BE THE LARGEST BASE OIL FOR INDUSTRIAL LUBRICANTS 51
FIGURE 16 APAC TO BE THE LARGEST MINERAL OIL-BASED INDUSTRIAL LUBRICANTS
MARKET BETWEEN 2019 AND 2024 52
FIGURE 17 EUROPE TO BE THE SECOND-LARGEST SYNTHETIC OIL-BASED INDUSTRIAL LUBRICANTS MARKET 54
FIGURE 18 ESTERS SEGMENT TO REGISTER THE HIGHEST CAGR IN THE SYNTHETIC OIL-BASED INDUSTRIAL LUBRICANTS MARKET 55
FIGURE 19 NORTH AMERICA TO BE THE LARGEST BIO-BASED INDUSTRIAL
LUBRICANTS MARKET 57
FIGURE 20 HYDRAULIC FLUID SEGMENT TO LEAD THE INDUSTRIAL LUBRICANTS MARKET 60
FIGURE 21 APAC TO BE THE LARGEST HYDRAULIC FLUID MARKET 61
FIGURE 22 EUROPE TO BE THE SECOND-LARGEST METALWORKING FLUID MARKET
FOR INDUSTRIAL LUBRICANTS 63
FIGURE 23 APAC TO BE THE LARGEST GEAR OIL MARKET FOR INDUSTRIAL LUBRICANTS 66
FIGURE 24 EUROPE TO BE THE THIRD-LARGEST COMPRESSOR OIL MARKET FOR
INDUSTRIAL LUBRICANTS 68
FIGURE 25 APAC TO BE THE LARGEST GREASE MARKET FOR INDUSTRIAL LUBRICANTS 69
FIGURE 26 APAC TO BE THE LARGEST TURBINE OIL MARKET FOR INDUSTRIAL LUBRICANTS 72
FIGURE 27 NORTH AMERICA TO BE THE SECOND-LARGEST MARKET FOR OTHER
INDUSTRIAL LUBRICANTS 74
FIGURE 28 CONSTRUCTION TO BE THE LARGEST END-USE INDUSTRY OF
INDUSTRIAL LUBRICANTS 76
?
FIGURE 29 NORTH AMERICA TO BE THE SECOND-LARGEST INDUSTRIAL LUBRICANTS
MARKET IN THE CONSTRUCTION END-USE INDUSTRY 78
FIGURE 30 APAC TO BE THE LARGEST INDUSTRIAL LUBRICANTS MARKET IN THE
METAL & MINING END-USE INDUSTRY 80
FIGURE 31 MIDDLE EAST & AFRICA TO BE THE SECOND-LARGEST MARKET FOR INDUSTRIAL LUBRICANTS IN THE CEMENT PRODUCTION END-USE INDUSTRY 81
FIGURE 32 APAC TO BE THE LARGEST MARKET FOR INDUSTRIAL LUBRICANTS IN THE
POWER GENERATION END-USE INDUSTRY 83
FIGURE 33 APAC TO BE THE LARGEST MARKET FOR INDUSTRIAL LUBRICANTS IN
THE AUTOMOTIVE MANUFACTURING END-USE INDUSTRY 84
FIGURE 34 APAC TO BE THE LARGEST MARKET FOR INDUSTRIAL LUBRICANTS IN
THE CHEMICAL END-USE INDUSTRY 86
FIGURE 35 NORTH AMERICA TO BE THE LARGEST MARKET FOR INDUSTRIAL
LUBRICANTS IN THE OIL & GAS END-USE INDUSTRY 87
FIGURE 36 APAC TO BE THE LARGEST MARKET FOR INDUSTRIAL LUBRICANTS IN
THE TEXTILE END-USE INDUSTRY 88
FIGURE 37 EUROPE TO BE THE SECOND-LARGEST MARKET FOR INDUSTRIAL
LUBRICANTS IN THE FOOD PROCESSING END-USE INDUSTRY 90
FIGURE 38 EUROPE TO BE THE SECOND-LARGEST MARKET FOR INDUSTRIAL
LUBRICANTS IN OTHER END-USE INDUSTRIES 92
FIGURE 39 APAC TO REGISTER THE HIGHEST CAGR 95
FIGURE 40 APAC: INDUSTRIAL LUBRICANTS MARKET SNAPSHOT 97
FIGURE 41 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SNAPSHOT 113
FIGURE 42 EUROPE: INDUSTRIAL LUBRICANTS MARKET SNAPSHOT 122
FIGURE 43 INDUSTRIAL LUBRICANTS MARKET COMPETITIVE LEADERSHIP MAPPING, 2018 154
FIGURE 44 SMALL AND MEDIUM-SIZED ENTERPRISES (SMSE) MAPPING, 2018 157
FIGURE 45 EXPANSION IS THE MOST ADOPTED GROWTH STRATEGY BY MAJOR PLAYERS BETWEEN 2016 AND 2019 159
FIGURE 46 INDUSTRIAL LUBRICANTS MARKET SHARE, BY COMPANY, 2018 160
FIGURE 47 ROYAL DUTCH SHELL: COMPANY SNAPSHOT 166
FIGURE 48 ROYAL DUTCH SHELL: SWOT ANALYSIS 168
FIGURE 49 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT 170
FIGURE 50 EXXONMOBIL CORPORATION: SWOT ANALYSIS 172
FIGURE 51 BP P.L.C.: COMPANY SNAPSHOT 173
FIGURE 52 BP P.L.C.: SWOT ANALYSIS 175
FIGURE 53 CHEVRON CORPORATION: COMPANY SNAPSHOT 176
FIGURE 54 CHEVRON CORPORATION: SWOT ANALYSIS 177
FIGURE 55 TOTAL S.A.: COMPANY SNAPSHOT 179
FIGURE 56 TOTAL S.A.: SWOT ANALYSIS 181
FIGURE 57 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT 182
FIGURE 58 IDEMITSU KOSAN: COMPANY SNAPSHOT 184
FIGURE 59 SINOPEC LIMITED: COMPANY SNAPSHOT 186
FIGURE 60 FUCHS PETROLUB: COMPANY SNAPSHOT 188
FIGURE 61 JXTG GROUP: COMPANY SNAPSHOT 190
FIGURE 62 VALVOLINE: COMPANY SNAPSHOT 192
?
FIGURE 63 LUKOIL: COMPANY SNAPSHOT 194
FIGURE 64 PETRONAS: COMPANY SNAPSHOT 196
FIGURE 65 PERTAMINA: COMPANY SNAPSHOT 198
FIGURE 66 GAZPROM NEFT: COMPANY SNAPSHOT 200
FIGURE 67 INDIAN OIL CORPORATION LIMITED: COMPANY SNAPSHOT 202
FIGURE 68 PHILLIPS 66: COMPANY SNAPSHOT 204
FIGURE 69 HINDUSTAN PETROLEUM CORPORATION LIMITED: COMPANY SNAPSHOT 206
FIGURE 70 PETROBRAS: COMPANY SNAPSHOT 208

 

List of Tables



TABLE 1 INDUSTRIAL LUBRICANTS MARKET, BY BASE OIL 38
TABLE 2 INDUSTRIAL LUBRICANTS MARKET, BY PRODUCT TYPE 39
TABLE 3 INDUSTRIAL LUBRICANTS MARKET, BY END-USE INDUSTRY 40
TABLE 4 INDUSTRIAL GROWTH RATE OF COUNTRIES IN APAC, 2018 42
TABLE 5 BASE OIL, BY GROUP 50
TABLE 6 INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2024 (KILOTON) 51
TABLE 7 INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2024 (USD MILLION) 51
TABLE 8 MINERAL OIL-BASED INDUSTRIAL LUBRICANTS MARKET SIZE, BY REGION 2017–2024 (KILOTON) 52
TABLE 9 MINERAL OIL-BASED INDUSTRIAL LUBRICANTS MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 53
TABLE 10 SYNTHETIC OIL-BASED INDUSTRIAL LUBRICANTS MARKET SIZE, BY REGION, 2017–2024 (KILOTON) 54
TABLE 11 SYNTHETIC OIL-BASED INDUSTRIAL LUBRICANTS MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 54
TABLE 12 SYNTHETIC OIL-BASED INDUSTRIAL LUBRICANTS MARKET SIZE, BY TYPE 2017–2024 (KILOTON) 55
TABLE 13 SYNTHETIC OIL-BASED INDUSTRIAL LUBRICANTS MARKET SIZE, BY TYPE 2017–2024 (USD MILLION) 55
TABLE 14 BIO-BASED INDUSTRIAL LUBRICANTS MARKET SIZE, BY REGION 2017–2024 (KILOTON) 58
TABLE 15 BIO-BASED INDUSTRIAL LUBRICANTS MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 58
TABLE 16 INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE 2017–2024 (KILOTON) 60
TABLE 17 INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE 2017–2024 (USD MILLION) 61
TABLE 18 HYDRAULIC FLUID MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION, 2017–2024 (KILOTON) 62
TABLE 19 HYDRAULIC FLUID MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION, 2017–2024 (USD MILLION) 62
TABLE 20 METALWORKING FLUID MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION, 2017–2024 (KILOTON) 64
TABLE 21 METALWORKING FLUID MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION, 2017–2024 (USD MILLION) 64
TABLE 22 GEAR OIL MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION 2017–2024 (KILOTON) 66
TABLE 23 GEAR OIL MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION 2017–2024 (USD MILLION) 66
TABLE 24 COMPRESSOR OIL MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION, 2017–2024 (KILOTON) 68
TABLE 25 COMPRESSOR OIL MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION, 2017–2024 (USD MILLION) 68
TABLE 26 GREASE MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION 2017–2024 (KILOTON) 69
TABLE 27 GREASE MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION 2017–2024 (USD MILLION) 70
TABLE 28 TURBINE OIL MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION 2017–2024 (KILOTON) 72
TABLE 29 TURBINE OIL MARKET SIZE FOR INDUSTRIAL LUBRICANTS, BY REGION 2017–2024 (USD MILLION) 72
TABLE 30 OTHER INDUSTRIAL LUBRICANTS MARKET SIZE, BY REGION 2017–2024 (KILOTON) 74
TABLE 31 OTHER INDUSTRIAL LUBRICANTS MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 74
TABLE 32 INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (KILOTON) 77
TABLE 33 INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 77
TABLE 34 INDUSTRIAL LUBRICANTS MARKET SIZE IN CONSTRUCTION END-USE INDUSTRY, BY REGION, 2017–2024 (KILOTON) 78
TABLE 35 INDUSTRIAL LUBRICANTS MARKET SIZE IN CONSTRUCTION END-USE INDUSTRY, BY REGION, 2017–2024 (USD MILLION) 79
TABLE 36 INDUSTRIAL LUBRICANTS MARKET SIZE IN METAL & MINING END-USE INDUSTRY, BY REGION, 2017–2024 (KILOTON) 80
TABLE 37 INDUSTRIAL LUBRICANTS MARKET SIZE IN METAL & MINING END-USE INDUSTRY, BY REGION, 2017–2024 (USD MILLION) 80
TABLE 38 INDUSTRIAL LUBRICANTS MARKET SIZE IN CEMENT PRODUCTION END-USE INDUSTRY, BY REGION, 2017–2024 (KILOTON) 82
TABLE 39 INDUSTRIAL LUBRICANTS MARKET SIZE IN CEMENT PRODUCTION END-USE INDUSTRY, BY REGION, 2017–2024 (USD MILLION) 82
TABLE 40 INDUSTRIAL LUBRICANTS MARKET SIZE IN POWER GENERATION END-USE INDUSTRY, BY REGION, 2017–2024 (KILOTON) 83
TABLE 41 INDUSTRIAL LUBRICANTS MARKET SIZE IN POWER GENERATION END-USE INDUSTRY, BY REGION, 2017–2024 (USD MILLION) 83
TABLE 42 INDUSTRIAL LUBRICANTS MARKET SIZE IN AUTOMOTIVE MANUFACTURING
END-USE INDUSTRY, BY REGION, 2017–2024 (KILOTON) 84
TABLE 43 INDUSTRIAL LUBRICANTS MARKET SIZE IN AUTOMOTIVE MANUFACTURING
END-USE INDUSTRY, BY REGION, 2017–2024 (USD MILLION) 85
TABLE 44 INDUSTRIAL LUBRICANTS MARKET SIZE IN CHEMICAL END-USE INDUSTRY BY REGION, 2017–2024 (KILOTON) 86
TABLE 45 INDUSTRIAL LUBRICANTS MARKET SIZE IN CHEMICAL END-USE INDUSTRY BY REGION, 2017–2024 (USD MILLION) 86
TABLE 46 INDUSTRIAL LUBRICANTS MARKET SIZE IN OIL & GAS END-USE INDUSTRY BY REGION, 2017–2024 (KILOTON) 87
TABLE 47 INDUSTRIAL LUBRICANTS MARKET SIZE IN OIL & GAS END-USE INDUSTRY BY REGION, 2017–2024 (USD MILLION) 88
TABLE 48 INDUSTRIAL LUBRICANTS MARKET SIZE IN TEXTILE END-USE INDUSTRY BY REGION, 2017–2024 (KILOTON) 89
TABLE 49 INDUSTRIAL LUBRICANTS MARKET SIZE IN TEXTILE END-USE INDUSTRY BY REGION, 2017–2024 (USD MILLION) 89
TABLE 50 INDUSTRIAL LUBRICANTS MARKET SIZE IN FOOD PROCESSING END-USE INDUSTRY, BY REGION, 2017–2024 (KILOTON) 90
TABLE 51 INDUSTRIAL LUBRICANTS MARKET SIZE IN FOOD PROCESSING END-USE INDUSTRY, BY REGION, 2017–2024 (USD MILLION) 90
TABLE 52 INDUSTRIAL LUBRICANTS MARKET SIZE IN OTHER END-USE INDUSTRIES BY REGION, 2017–2024 (KILOTON) 93
TABLE 53 INDUSTRIAL LUBRICANTS MARKET SIZE IN OTHER END-USE INDUSTRIES BY REGION, 2017–2024 (USD MILLION) 93
TABLE 54 INDUSTRIAL LUBRICANTS MARKET SIZE, BY REGION, 2017–2024 (KILOTON) 95
TABLE 55 INDUSTRIAL LUBRICANTS MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 96
TABLE 56 APAC: INDUSTRIAL LUBRICANTS MARKET SIZE, BY COUNTRY 2017–2024 (KILOTON) 97
TABLE 57 APAC: INDUSTRIAL LUBRICANTS MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 98
TABLE 58 APAC: INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE 2017–2024 (KILOTON) 98
TABLE 59 APAC: INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE 2017–2024 (USD MILLION) 99
TABLE 60 APAC: INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL 2017–2024 (KILOTON) 99
TABLE 61 APAC: INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL 2017–2024 (USD MILLION) 99
TABLE 62 APAC: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (KILOTON) 100
TABLE 63 APAC: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 100
TABLE 64 CHINA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 101
TABLE 65 CHINA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 102
TABLE 66 INDIA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 103
TABLE 67 INDIA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 103
TABLE 68 JAPAN: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 104
TABLE 69 JAPAN: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 105
TABLE 70 SOUTH KOREA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON) 106
TABLE 71 SOUTH KOREA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD THOUSAND) 106
TABLE 72 AUSTRALIA & NEW ZEALAND: INDUSTRIAL LUBRICANTS MARKET SIZE BY END-USE INDUSTRY, 2017–2024 (TON) 107
TABLE 73 AUSTRALIA & NEW ZEALAND: INDUSTRIAL LUBRICANTS MARKET SIZE BY END-USE INDUSTRY, 2017–2024 (USD THOUSAND) 108
TABLE 74 THAILAND: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON) 109
TABLE 75 THAILAND: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD THOUSAND) 109
TABLE 76 INDONESIA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON) 110
TABLE 77 INDONESIA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD THOUSAND) 111
TABLE 78 REST OF APAC: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON) 112
TABLE 79 REST OF APAC: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD THOUSAND) 112
TABLE 80 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY COUNTRY 2017–2024 (KILOTON) 114
TABLE 81 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 114
TABLE 82 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2024 (KILOTON) 114
TABLE 83 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2024 (USD MILLION) 115
TABLE 84 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL 2017–2024 (KILOTON) 115
TABLE 85 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL 2017–2024 (USD MILLION) 115
TABLE 86 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (KILOTON) 116
TABLE 87 NORTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION) 116
TABLE 88 US: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 117
TABLE 89 US: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 118
TABLE 90 CANADA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 119
TABLE 91 CANADA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 119
TABLE 92 MEXICO: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 120
TABLE 93 MEXICO: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 121
TABLE 94 EUROPE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY COUNTRY 2017–2024 (KILOTON) 122
TABLE 95 EUROPE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 123
TABLE 96 EUROPE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE 2017–2024 (KILOTON) 123
TABLE 97 EUROPE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE 2017–2024 (USD MILLION) 124
TABLE 98 EUROPE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL 2017–2024 (KILOTON) 124
TABLE 99 EUROPE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL 2017–2024 (USD MILLION) 124
TABLE 100 EUROPE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (KILOTON) 125
TABLE 101 EUROPE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 125
TABLE 102 RUSSIA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 126
TABLE 103 RUSSIA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 127
TABLE 104 GERMANY: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON) 128
TABLE 105 GERMANY: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD THOUSAND) 128
TABLE 106 UK: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 129
TABLE 107 UK: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 130
TABLE 108 FRANCE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 131
TABLE 109 FRANCE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 131
TABLE 110 ITALY: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 132
TABLE 111 ITALY: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 133
TABLE 112 SPAIN: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 134
TABLE 113 SPAIN: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 134
TABLE 114 REST OF EUROPE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON) 135
TABLE 115 REST OF EUROPE: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD THOUSAND) 135
TABLE 116 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2024 (KILOTON) 136
TABLE 117 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION) 136
TABLE 118 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2024 (KILOTON) 137
TABLE 119 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2024 (USD MILLION) 137
TABLE 120 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2024 (KILOTON) 138
TABLE 121 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2024 (USD MILLION) 138
TABLE 122 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (KILOTON) 138
TABLE 123 MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION) 139
TABLE 124 SOUTH AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON) 140
TABLE 125 SOUTH AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD THOUSAND) 140
TABLE 126 TURKEY: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 141
TABLE 127 TURKEY: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 141
TABLE 128 IRAN: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 142
TABLE 129 IRAN: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 143
TABLE 130 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE BY END-USE INDUSTRY, 2017–2024 (TON) 144
TABLE 131 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL LUBRICANTS MARKET SIZE BY END-USE INDUSTRY, 2017–2024 (USD THOUSAND) 144
TABLE 132 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY COUNTRY 2017–2024 (KILOTON) 145
TABLE 133 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 145
TABLE 134 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2024 (KILOTON) 146
TABLE 135 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2024 (USD MILLION) 146
TABLE 136 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL 2017–2024 (KILOTON) 146
TABLE 137 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY BASE OIL 2017–2024 (USD MILLION) 147
TABLE 138 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (KILOTON) 147
TABLE 139 SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION) 148
TABLE 140 BRAZIL: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (TON) 149
TABLE 141 BRAZIL: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY 2017–2024 (USD THOUSAND) 149
TABLE 142 ARGENTINA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON) 150
TABLE 143 ARGENTINA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD THOUSAND) 150
TABLE 144 REST OF SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON) 151
TABLE 145 REST OF SOUTH AMERICA: INDUSTRIAL LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD THOUSAND) 152
TABLE 146 EXPANSION, 2016–2019 161
TABLE 147 CONTRACT & AGREEMENT, 2016–2019 163
TABLE 148 ACQUISITION, 2016–2019 163
TABLE 149 JOINT VENTURE, 2016–2019 164
TABLE 150 NEW PRODUCT LAUNCH, 2016–2019 164