Global Industrial Lubricants Market is expected to grow at a CAGR of 6.4% from 2019 to reach $29.8 billion by 2025. Moreover, in terms of volume, the overall industrial lubricants market is expected to grow at a CAGR of 2.3% from 2019 to reach 18,473.5 thousand tons by 2025, Says “Meticulous Research®”.
Industrial lubricants are used to protect equipment and associated parts from wear and tear, enabling smooth operation. The growth of this market is majorly driven by the growing automation in end use industries and strong industrial growth in emerging economies, such as China, India, and Brazil. Moreover, increasing demand for eco-friendly lubricants is further boosting the growth of industrial lubricants market.
Here are the top 10 companies operating in the global industrial lubricants market –
Shell International B.V. (the Netherlands)
Founded in 1907 and headquartered at the Hague, the Netherlands. Shell International B.V. is an international energy company operating in exploration, production, refining, and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. Shell International B.V. is a subsidiary of the Royal Dutch Shell plc whose operations are divided into upstream, integrated gas and new energies, and downstream segments.
The company has its geographic presence across North America, Asia-Pacific, Oceania, Europe, Latin America, and Africa.
China National Petroleum Corporation (China)
Founded in 1988 and headquartered at Beijing, China. China National Petroleum Corporation (CNPC) operates as an oil and gas company. The company’s line of business includes oil and gas operations, oilfield services, and petroleum equipment. It is one of the world’s major oilfield service providers and a globally reputed contractor in engineering construction, with businesses covering petroleum exploration & production, natural gas & pipelines, refining & marketing, oilfield services, engineering construction, petroleum equipment manufacturing, and new energy development, as well as capital management, finance, and insurance services.
The company has its geographic presence across Central Asia-Russia, Americas, Asia-Pacific, Latin America, and the Middle East and Africa.
Chevron Corporation (U.S.)
Founded in 1879 and headquartered at California, the U.S.; Chevron Corporation is engaged in the integrated energy and chemicals operations. The company produces and transports crude oil and natural gas. Chevron also refines, markets, and distributes fuels, as well as is involved in chemical and mining operations, power generation, and energy services. The company offers fuels, motor oil, fuel additives, base oils, chemicals, natural gas, lubricants, and other related services. The company operates through two segments, namely upstream and downstream.
The company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Exxon Mobil Corporation (U.S.)
Founded in 1999 headquartered at Texas, the U.S.; Exxon Mobil Corporation operates as publicly traded international oil and gas company. The company operates into three business segments namely upstream, chemical, and downstream. The company has its geographic presence across North America, Asia-Pacific, Oceania, Europe, Latin America, and the Middle East and Africa.
FUCHS PETROLUB SE (Germany)
Founded in 1931 and headquartered at Mannheim, Germany. FUCHS PETROLUB SE is engaged in the manufacturing of lubricants and related specialty products. The company refines and produces industrial and automotive lubricants. The company also produces biodegradable oils. The FUCHS product program comprises of more than 10,000 products and related services in six key categories: automotive lubricants, industrial lubricants, lubricating greases, metal processing lubricants, special application lubricants, and services.
The company has its geographic presence across North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.
A report into the projected growth of the current Industrial Lubricants Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2025, it’s expected to have grown at a CAGR of 6.4%, reaching over $29.79 billion.
Klüber Lubrication München SE & Co. KG (Germany)
Founded in 1929 and headquartered at München, Germany. Klüber Lubrication München SE & Co. KG develops, manufactures, and supplies specialty lubricants. Klüber Lubrication supplies products and services to most of the industries including, automotive, railways, glass manufacture and processing, rubber and plastics, wood, pulp and paper, food and pharmaceuticals, marine, metalworking and processing, mining, oil & gas, steel, textile, corrugated cardboard production, wind power industry, and cement. The company offers speciality lubricants, tribological solutions, lubrication, hydro lubricants, PFPE, lubricant sprays, oils, greases, pastes, NSF H1, lubricant dispenser, tribometry, lubricating greases, lubricating oils, lubricants, and MOSH MOAH.
The company has its geographic presence across North America, South America, Europe, Asia-Pacific, and the Middle East and Africa.
CHINA PETROLEUM & CHEMICAL CORPORATION (China)
Established in 1998 and headquartered at Beijing, China. CHINA PETROLEUM & CHEMICAL CORPORATION (SINOPEC CORP.) is a petroleum and petrochemical enterprise group, operating in petroleum and natural gas exploration, coal production, sales, storage and transportation, oil refining, wholesale and retail of oil products, and others. The company works in five reportable business segments, namely exploration and production, refining, marketing and distribution, chemicals, and corporate and others. The company is the largest oil and petrochemical products suppliers and the second largest oil and gas producer in China.
The company has its geographic presence across China and Singapore.
Total Lubricants (France)
Founded in 1955 and headquartered at Nanterre, France. Total Lubricants is a subsidiary of the TOTAL S.A which offers a range of engine and gear oil, coolant liquids, metal working oil, and hydraulic and brake fluids, as well as assistance, oil analysis, training, and workshop services. Total Group works in four segments, namely exploration & production, gas, renewables & power, refining & chemicals, and marketing & services. The company serves automotive, industrial, and marine markets.
The group has its geographic presence across North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.
Lukoil (Russia)
Founded in 1991 and headquartered at Moscow, Russia. Lukoil operates as a global manufacturer of crude oil and gas. The company operates through four segments, namely exploration and production; refining, marketing, and distribution; and corporate and other.
The company has its geographic presence across Europe, North America, Asia-Pacific, Latin America, and the Middle East.
Eni S.P.A. (Rome)
Founded in 1953 and headquartered at Piazzale Enrico, Rome. Eni S.P.A. operates through four segments, namely exploration & production, gas & power, refining & marketing, chemicals, and corporate and other activities. The exploration & production segment is engaged in oil and natural gas exploration, field development and production, as well as in the supply, trading, and shipping of natural gas, LNG, electricity, fuels, and chemical products.
The company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Popular mentions – Morris Lubricants (U.K.), The Lubrizol Corporation (U.S.), Hindustan Petroleum Corporation Limited (India), Idemitsu Kosan Co. Ltd. (Japan), and BP P.L.C. (U.K.).
Authoritative Research on the Industrial Lubricants Market – Global Opportunity Analysis and Industry Forecast (2019-2025)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
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