South Korea Industrial Lubricants Market Size & Outlook
South Korea industrial lubricants market, 2018-2030 (US$M)
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South Korea industrial lubricants market highlights
- The South Korea industrial lubricants market generated a revenue of USD 1,282.6 million in 2022 and is expected to reach USD 1,675.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.4% from 2023 to 2030.
- In terms of segment, general industrial 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.
Industrial lubricants market data book summary
| Market revenue in 2022 | USD 1,282.6 million |
| Market revenue in 2030 | USD 1,675.2 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | General industrial oils |
| Fastest growing segment | Industrial Engine Oils |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, South Korea accounted for 2.4% of the global industrial lubricants market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial lubricants market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,867.9 million by 2030.
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Industrial Lubricants Market Scope
Industrial Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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.
General industrial oils was the largest segment with a revenue share of 32.84% in 2022. Horizon Databook has segmented the South Korea 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.
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Target buyers of South Korea 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea industrial lubricants market , including forecasts for subscribers. This country databook contains high-level insights into South Korea industrial lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea industrial lubricants market size, by product, 2018-2030 (US$M)
South Korea Industrial Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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