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Global Industrial Oils Market: By Product Type: Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil, Heat Transfer Oil; By End Use: Power Generation, Automotive and Other Transportation, Other; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Industrial Oils Market Outlook
The global industrial oils market attained a value of USD 59.75 billion in 2020. The industrial oils market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 4.85% to reach USD 82.4 billion by 2026.
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The industrial oils market is expected to be driven by the rising industrial sector in the Asia Pacific region. The market in the Asia Pacific is being driven by the thriving biodiesel, chemical, and cosmetics industries in the emerging economies in the regions like India and China. In the forecast period, countries like the United States, India, and China are expected to grow at the highest CAGR.
Properties and Applications
Industrial oils are utilised in homes and industries for the lubrication of machines and instruments. Based on product type, the market for industrial oils can be divided into:
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- Turbine Oil
- Refrigeration Oil
- Compressor Oil
- Electrical Oil
- Heat Transfer Oil
The industrial oils market can be broadly categorised based on its end-use segments into:
- Power Generation
- Automotive and Other Transportation
- Heavy Equipment
- Food and Beverage
- Metallurgy and Metal Working
- Chemical Manufacturing
- Other
The EMR report looks into the regional industrial oils markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The industrial oils market is being driven by the growing biodiesel industry, especially in Indonesia and Malaysia. The rapid industrialisation taking place in the emerging economies of Latin America and the Asia Pacific is expected to propel the industry further. The growing pharmaceutical and cosmetics and personal care industries are projected to support the market growth in the coming years. The industrial oils market is also expected to be catalysed by the technological advancements taking place in the industry.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global industrial oils market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- LUBRITA Europe B.V.
- Paras Lubricants Ltd.
- Apar Industries Ltd.
- Eastern Petroleum
- Repsol
- Castrol Limited
- Exxon Mobil Corporation
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, End Use, Region |
| Breakup by Product Type | Turbine Oil, Refrigeration Oil, Compressor Oil, Electrical Oil, Heat Transfer Oil |
| Breakup by End Use | Power Generation, Automotive & Other Transportation, Heavy Equipment, Food & Beverage, Metallurgy & Metal Working, Chemical Manufacturing, Other |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | LUBRITA Europe B.V., Paras Lubricants Ltd., Apar Industries Ltd., Eastern Petroleum, Repsol, Castrol Limited, Exxon Mobil Corporation, Others. |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Industrial Oils Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Oils Historical Market (2017-2021)
8.3 Global Industrial Oils Market Forecast (2022-20277)
8.4 Global Industrial Oils Market by Product Type
8.4.1 Turbine Oil
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-20277)
8.4.2 Refrigeration Oil
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-20277)
8.4.3 Compressor Oil
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-20277)
8.4.4 Electrical Oil
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-20277)
8.4.5 Heat Transfer Oil
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-20277)
8.5 Global Industrial Oils Market by End Use
8.5.1 Power Generation
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-20277)
8.5.2 Automotive and Other Transportation
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-20277)
8.5.3 Heavy Equipment
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-20277)
8.5.4 Food and Beverage
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-20277)
8.5.5 Metallurgy and Metal Working
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-20277)
8.5.6 Chemical Manufacturing
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2017-2021)
8.5.6.3 Forecast Trend (2022-20277)
8.5.7 Other
8.6 Global Industrial Oils Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-20277)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-20277)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-20277)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-20277)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-20277)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 LUBRITA Europe B.V.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Paras Lubricants Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Apar Lubricants Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Eastern Petroleum
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Repsol
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Castrol Limited
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Exxon Mobil Corporation
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Industrial Oils Market: Key Industry Highlights, 2017 and 2027
2. Global Industrial Oils Historical Market: Breakup by Product Type (USD Billion), 2017-2021
3. Global Industrial Oils Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
4. Global Industrial Oils Historical Market: Breakup by End Use (USD Billion), 2017-2021
5. Global Industrial Oils Market Forecast: Breakup by End Use (USD Billion), 2022-2027
6. Global Industrial Oils Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Industrial Oils Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Industrial Oils Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Industrial Oils Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Industrial Oils Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Industrial Oils Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Industrial Oils Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Industrial Oils Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Industrial Oils Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Industrial Oils Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Industrial Oils Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Industrial Oils Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Industrial Oils Market Structure
Key Questions Answered in the Report
In 2020, the global industrial oils market attained a value of nearly USD 59.75 billion.
The market is projected to grow at a CAGR of 4.85% between 2022 and 2027.
The major drivers of the market include the growing pharmaceutical and cosmetics and personal care industries, technological advancements, and the rising industrial sector.
The growing biodiesel industry and rapid industrialisation are the key industry trends propelling the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The market is divided based on product types into turbine oil, refrigeration oil, compressor oil, electrical oil, and heat transfer oil.
The industrial oils market can be broadly categorised based on its end use segments into power generation, automotive and other transportation, heavy equipment, food and beverage, metallurgy and metal working, and chemical manufacturing, among others.
The major players in the industry are LUBRITA Europe B.V., Paras Lubricants Ltd., Apar Lubricants Ltd., Eastern Petroleum, Repsol, Castrol Limited, and Exxon Mobil Corporation, among others.
Analyst Review
The global industrial oils market attained a value of nearly USD 59.75 billion in 2020, driven by the growing biodiesel industry. Aided by technological advancements and the rising industrial sector, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.85%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market is divided based on product types into turbine oil, refrigeration oil, compressor oil, electrical oil, and heat transfer oil. The industrial oils market can be broadly categorised based on its end use segments into power generation, automotive and other transportation, heavy equipment, food and beverage, metallurgy and metal working, and chemical manufacturing, among others. The major regional markets for industrial oils are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are LUBRITA Europe B.V., Paras Lubricants Ltd., Apar Lubricants Ltd., Eastern Petroleum, Repsol, Castrol Limited, and Exxon Mobil Corporation, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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