Global Industrial Lubricants Market Size & Outlook
Global industrial lubricants market, 2018-2030 (US$M)
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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 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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Target buyers of Global industrial lubricants market databook
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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.
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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)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 4,170.8 | 4,360.2 | 4,369.0 | 4,549.2 | 4,745.7 | 4,951.5 | 5,165.4 | 5,393.0 | 5,633.1 | 5,893.5 | 6,162.8 | 6,436.9 | 6,399.8 | 3.8% |
| Europe | 9,717.5 | 10,049.7 | 9,961.6 | 10,261.1 | 10,589.2 | 10,929.6 | 11,279.2 | 11,649.7 | 12,037.5 | 12,458.7 | 12,887.9 | 13,316.4 | 13,761.2 | 3.3% |
| North America | 8,523.2 | 8,815.1 | 8,738.5 | 9,001.9 | 9,290.5 | 9,589.9 | 9,897.4 | 10,223.3 | 10,564.4 | 10,934.8 | 11,312.4 | 11,689.4 | 12,080.7 | 3.2% |
| MEA | 4,801.4 | 4,933.1 | 4,855.9 | 4,964.7 | 5,083.0 | 5,202.3 | 5,320.9 | 5,443.9 | 5,568.9 | 5,702.8 | 5,833.4 | 5,956.3 | 6,403.0 | 2.9% |
| Asia Pacific | 20,562.6 | 21,511.7 | 21,570.3 | 22,476.2 | 23,463.8 | 24,498.6 | 25,575.2 | 26,721.4 | 27,930.8 | 29,243.0 | 30,601.0 | 31,984.8 | 33,436.0 | 4.4% |
| Overall | 47,775.5 | 49,669.9 | 49,495.3 | 51,253.1 | 53,172.3 | 55,171.8 | 57,238.1 | 59,431.2 | 61,734.6 | 64,232.8 | 66,797.4 | 69,383.8 | 72,080.6 | 3.9% |
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