Synthetic Industrial Lubricants Market, Global Outlook and Forecast 2022-2028
This market is driven by large-scale industrial growth in Asia Pacific and the Middle East and Africa, and the rise of process automation in most industries. Based on the base oil, the global industrial lubricants market is divided into mineral oil, synthetic oil and bio-based oil. Mineral oil is the largest sector in the industrial lubricants industry. This is mainly due to its ease of use and low cost. However, due to its advanced properties, the compound oil sector is expected to have the highest CAGR during the forecast period.
This report contains market size and forecasts of Synthetic Industrial Lubricants in global, including the following market information:
Global Synthetic Industrial Lubricants Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Synthetic Industrial Lubricants Market Sales, 2017-2022, 2023-2028, (Kiloton)
Global top five Synthetic Industrial Lubricants companies in 2021 (%)
The global Synthetic Industrial Lubricants market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Hydraulic Fluid Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Synthetic Industrial Lubricants include Royal Dutch Shell, ExxonMobil, BP p.l.c., Chevron Corporation, Total S.A., PetroChina Company Limited, Idemitsu Kosan Co. Ltd. and Sinopec Limited, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Synthetic Industrial Lubricants manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Synthetic Industrial Lubricants Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Synthetic Industrial Lubricants Market Segment Percentages, by Type, 2021 (%)
Hydraulic Fluid
Metalworking Fluid
Gear Oil
Compressor Oil
Grease
Turbine Oil
Others
Global Synthetic Industrial Lubricants Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Synthetic Industrial Lubricants Market Segment Percentages, by Application, 2021 (%)
Metals and Mining
Cement Production
chemicals
Petroleum and Natural Gas
Other
Global Synthetic Industrial Lubricants Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Synthetic Industrial Lubricants Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Synthetic Industrial Lubricants revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Synthetic Industrial Lubricants revenues share in global market, 2021 (%)
Key companies Synthetic Industrial Lubricants sales in global market, 2017-2022 (Estimated), (Kiloton)
Key companies Synthetic Industrial Lubricants sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Royal Dutch Shell
ExxonMobil
BP p.l.c.
Chevron Corporation
Total S.A.
PetroChina Company Limited
Idemitsu Kosan Co. Ltd.
Sinopec Limited
Table of content
1 Introduction to Research & Analysis Reports
1.1 Synthetic Industrial Lubricants Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Synthetic Industrial Lubricants Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Synthetic Industrial Lubricants Overall Market Size
2.1 Global Synthetic Industrial Lubricants Market Size: 2021 VS 2028
2.2 Global Synthetic Industrial Lubricants Revenue, Prospects & Forecasts: 2017-2028
2.3 Global Synthetic Industrial Lubricants Sales: 2017-2028
3 Company Landscape
3.1 Top Synthetic Industrial Lubricants Players in Global Market
3.2 Top Global Synthetic Industrial Lubricants Companies Ranked by Revenue
3.3 Global Synthetic Industrial Lubricants Revenue by Companies
3.4 Global Synthetic Industrial Lubricants Sales by Companies
3.5 Global Synthetic Industrial Lubricants Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Synthetic Industrial Lubricants Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Synthetic Industrial Lubricants Product Type
3.8 Tier 1, Tier 2 and Tier 3 Synthetic Industrial Lubricants Players in Global Market
3.8.1 List of Global Tier 1 Synthetic Industrial Lub
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