Global Industrial Lubricants Market Size & Outlook
The industrial lubricants industry worldwide is expected to reach a projected revenue of US$ 72,080.6 million by 2030. A compound annual growth rate of 3.9% is expected of the worldwide industrial lubricants industry from 2023 to 2030.
Revenue, 2022 (US$M)
$53,172.3
Forecast, 2030 (US$M)
$72,080.6
CAGR, 2023 - 2030
3.9%
Report Coverage
Worldwide
Global industrial lubricants market, 2018-2030 (US$M)
Related Markets
Global industrial lubricants market highlights
- The global industrial lubricants market generated a revenue of USD 53,172.3 million in 2022 and is expected to reach USD 72,080.6 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.9% by 2030.
- In terms of segment, process oils accounted for a revenue of USD 17,089.2 million in 2022.
- Industrial Engine Oils is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Angola is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 53,172.3 million |
| Market revenue in 2030 | USD 72,080.6 million |
| Growth rate | 3.9% (CAGR from 2022 to 2030) |
| Largest segment | Process oils |
| Fastest growing segment | Industrial Engine Oils |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Process Oils, General Industrial Oils, Metalworking Fluids, Industrial Engine Oils, Greases |
Other key industry trends
- In terms of revenue, the North America accounted for 17.5% of the global industrial lubricants market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Angola is the fastest growing regional market and is projected to reach USD 108.8 million by 2030.
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Industrial Lubricants Market Scope
Industrial lubricants market segmentation & scope
Gas turbine oils
Piston engine oils
Hydraulic fluids
Others
Process Oils
General Industrial Oils
Metalworking Fluids
Industrial Engine Oils
Greases
Engine oil
Hydraulic oil
Gear oil
Turbine oil
Transmission Fluids
Brake Fluids
Coolants
Industrial Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global industrial lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial lubricants market will help companies and investors design strategic landscapes.
Process oils was the largest segment with a revenue share of 32.14% in 2022. Horizon Databook has segmented the Global industrial lubricants market based on process oils, general industrial oils, metalworking fluids, industrial engine oils, greases covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Industrial Lubricants Product Outlook (Revenue, USD Million, 2018-2030)
- Gas turbine oils
- Piston engine oils
- Hydraulic fluids
- Others
- Process Oils
- General Industrial Oils
- Metalworking Fluids
- Industrial Engine Oils
- Greases
- Engine oil
- Hydraulic oil
- Gear oil
- Turbine oil
- Transmission Fluids
- Brake Fluids
- Coolants
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Our clientele includes a mix of industrial lubricants market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial lubricants market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global industrial lubricants market size, by region, 2018-2030 (US$M)
Top 10 countries: Industrial lubricants market size, 2022 (US$M)
Global industrial lubricants market share, by product, 2022 & 2030 (%, US$M)
industrial lubricants market: Opportunity assessment by country
Global industrial lubricants market, by region, 2022 (US$M)
Related regional statistics
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