Asia Pacific Industrial Lubricants Market Size & Outlook
The industrial lubricants market in Asia Pacific is expected to reach a projected revenue of US$ 33,436.0 million by 2030. A compound annual growth rate of 4.5% is expected of Asia Pacific industrial lubricants market from 2023 to 2030.
Revenue, 2022 (US$M)
$23,463.8
Forecast, 2030 (US$M)
$33,436.0
CAGR, 2023 - 2030
4.5%
Report Coverage
Asia Pacific
Asia Pacific industrial lubricants market, 2018-2030 (US$M)
Related Markets
Asia Pacific industrial lubricants market highlights
- The Asia Pacific industrial lubricants market generated a revenue of USD 23,463.8 million in 2022.
- The market is expected to grow at a CAGR of 4.5% from 2023 to 2030.
- In terms of segment, process oils was the largest revenue generating product in 2022.
- Industrial Engine Oils is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 23,463.8 million |
| Market revenue in 2030 | USD 33,436.0 million |
| Growth rate | 4.5% (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 |
| Key market players worldwide | Exxon Mobil Corp, The Lubrizol Corp, Shell PLC, Chevron Corp, Clariant AG, Quaker Houghton, Valvoline Inc, BP Castrol KK, Petronas Chemicals Group Bhd, Calumet Specialty Products Partners LP, Idemitsu Kosan Co Ltd, Yushiro Chemical Industry, Fuchs SE ADR (Representing Pref. Shares), Phillips 66, Lucas Oil, AMSOIL, Bel-Ray Company, Kluber Lubrication Munchen SE & Co. KG, Blaser Swisslube |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 44.1% of the global industrial lubricants market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 33,436.0 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 |
|---|
Asia Pacific 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 32.55% in 2022. Horizon Databook has segmented the Asia Pacific 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.
- Asia Pacific 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 Asia Pacific 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 continent-level data and insights on the Asia Pacific industrial lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific industrial lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific industrial lubricants market
Asia Pacific Industrial Lubricants Market Outlook Share, 2022 & 2030 (US$M)
Asia Pacific industrial lubricants market
Related regional statistics
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