Global Industrial Lubricants Market Size, Share, Opportunities, and Trends By Product Type (Hydraulic Fluids, Gear Oils, Compressor Oils, Turbine Oils, Metalworking Fluids, Others), By Base Oil (Mineral Oil, Synthetic Oil, Bio-Based Oil), By End-User Industry (Power Generation, Mining, Agriculture, Construction, Manufacturing, Others), And By Geography – Forecasts From 2025 To 2030

Industrial Lubricants Market Size:

The industrial lubricants market will grow at a CAGR of 3.30% to be valued at US$75.24 billion in 2030 from US$63.965 billion in 2025.

Rapid industrialization in emerging economies, increase in process automation in manufacturing units, rising demand for automobiles and increased trade are some of the major factors driving the global industrial lubricants market. The automation of manufacturing units leads to an increase in the efficiency and productivity of machines which further increases the machinery run time resulting in a higher demand for industrial lubricants to prevent equipment failure. However, strict environmental regulation acts as a major restraint in the industrial lubricants market.

Industrial Lubricants Market Segmentation Analysis:

• By Base oil

On the basis of base oil, the industrial lubricants market can be segmented into mineral oil lubricants, bio-based oil lubricants, and synthetic oil lubricants. Synthetic oil lubricants contribute to a significant share in the market owing to their high performance in extreme conditions and better viscosity index. However, the major demerit of synthetic oil lubricants is their high costs and their environmental implications. Mineral oil lubricants are the least expensive and are derived from crude oil. The growing environmental concerns and increasing depletion of crude oil resources have led to an increased demand for bio-based oil lubricants which are expected to have a lighter environmental footprint.

• By Type

By type, the industrial lubricants market can be segmented as grease, gear lubricants, hydraulic lubricants, compressor lubricants, turbine lubricants, and others. Increased consumption of metal in the automotive industry has resulted in a growth of metalworking fluids. Compressor lubricants are widely used in manufacturing facilities to cool, seal and lubricate internal components of machinery. There has also been an increase in the use of grease in the mining industry. The rising industrial base will fuel the demand for industrial lubricants.

• By Industry

On the basis of industry, the industrial lubricants market can be segmented into marine, automotive, industrial, textiles, chemicals, power generation, mining, and others. Rising demand for low-viscosity fluid in the automotive sector has resulted in an increased demand for grease in industries to maintain the smooth functioning of machinery. The power generation industry is also expected to witness a boost in growth due to the rise in demand for energy globally. The chemical manufacturing sector involves a significant application of industrial lubricants due to the demand for nonreactive and sustainable processing fluids. To replace conventional lubricants the transportation industry is increasingly adopting bio-based lubricants. The shift can be primarily attributed to stringent vehicle emission regulations.

• By Geography

Asia Pacific region along with the Middle East and Africa are the fastest-growing economies in the industrial lubrication market. The rising population, increasing disposable income, rising awareness, and demand for superior-quality products will increase the demand for industrial lubricants in these regions. Various initiatives are being adopted in emerging economies like India and China to improve engine quality, regulate vehicle emission standards, and thus move towards more environmentally friendly products. North America and Europe serve as mature markets and thereby present various opportunities for research and development.

Industrial Lubricants Market Competitive Landscape:

The global lubricants market is competitive owing to the presence of well-diversified international, regional, and local players. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.

The industrial lubricants market report provides an in-depth analysis of the industry landscape, delivering strategic and executive-level insights backed by data-driven forecasts and analysis. This regularly updated report equips decision-makers with actionable intelligence on current market trends, emerging opportunities, and competitive dynamics. The report explores the demand for industrial lubricants across various applications, such as manufacturing, construction, and renewable energy, and their adoption across different geographies. The latest advancements in bio-based lubricants, automation technologies, and sustainable manufacturing practices are also analyzed to present a holistic view of the market.

Industrial Lubricants Market Segmentations:

Industrial Lubricants Market Segmentation by product type

The market is analyzed by product type into the following:

• Hydraulic Fluids
• Gear Oils
• Compressor Oils
• Turbine Oils
• Metalworking Fluids
• Others

Industrial Lubricants Market Segmentation by base oil

The market is analyzed by base oil into the following:

• Mineral Oil
• Synthetic Oil
• Bio-Based Oil

Industrial Lubricants Market Segmentation by end-user industry

The report analyzes the market by end-user industry as below:

• Power Generation
• Mining
• Agriculture
• Construction
• Manufacturing
• Others

Industrial Lubricants Market Segmentation by regions:

The study also analysed the industrial lubricants market into the following regions, with country level forecasts and analysis as below:

• North America (USA, Canada, and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, UK, France, Spain, and Others)
• Middle East and Africa (Saudi Arabia, UAE, and Others)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

Industrial Lubricants Market Competitive Landscape:

The industrial lubricants market features key players such as ExxonMobil Corporation, Royal Dutch Shell, BP PLC, Chevron Corporation, TotalEnergies, Fuchs Group, Phillips 66, The Lubrizol Corporation, among others. 

Industrial Lubricants Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Market size, forecasts, and trends by different product type, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas.
• Market size, forecasts, and trends by base oil, with historical revenue data and analysis.
• Market size, forecasts, and trends by end-user industry, with historical revenue data and analysis across various segments.
• The industrial lubricants market is also analysed across different regions, with historical data, regional share, attractiveness and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario and other complementing factors aiding in market growth. 
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents complete market scenario with the help of Porter’s five forces model. 
• Competitive Intelligence: A thorough investigation on the competitive structure of the market presented through proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain competitive edge. 
• Research methodology: The assumptions and sources which were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented. 

How this report is helpful to you and reasons for purchase?

• The report provides a strategic outlook of the industrial lubricants market to the decision-makers, analysts and other stakeholders in the easy to read format for taking informed decisions.
• The charts, tables and figures make it easy for the executives to gain valuable insights while skimming the report. 
• Analyst support through calls and email for timely clarification and incorporating additional requests. 
• Option of presentation or doc format with the estimates file to take care of diverse requirements. 
• 15% FREE customization with all our reports help cater additional requirements with significant cost-savings. 
• Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file. 

Industrial Lubricants Market Scope:

 

Report Metric	Details
Industrial Lubricants Market Size in 2025	US$63.965 billion
Industrial Lubricants Market Size in 2030	US$75.24 billion
Growth Rate	CAGR of 3.30%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Product Type Base Oil End-User Industry Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Industrial Lubricants Market	ExxonMobil Corporation Royal Dutch Shell BP PLC Chevron Corporation TotalEnergies
Customization Scope	Free report customization with purchase

 

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. INDUSTRIAL LUBRICANTS MARKET BY PRODUCT TYPE

5.1. Introduction

5.2. Hydraulic Fluids

5.3. Gear Oils

5.4. Compressor Oils

5.5. Turbine Oils

5.6. Metalworking Fluids

5.7. Others

6. INDUSTRIAL LUBRICANTS MARKET BY BASE OIL

6.1. Introduction

6.2. Mineral Oil

6.3. Synthetic Oil

6.4. Bio-Based Oil

7. INDUSTRIAL LUBRICANTS MARKET BY END-USER INDUSTRY

7.1. Introduction

7.2. Power Generation

7.3. Mining

7.4. Agriculture

7.5. Construction

7.6. Manufacturing

7.7. Others

8. INDUSTRIAL LUBRICANTS MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. ExxonMobil Corporation

10.2. Royal Dutch Shell

10.3. BP PLC

10.4. Chevron Corporation

10.5. TotalEnergies

10.6. Fuchs Group

10.7. Phillips 66

10.8. The Lubrizol Corporation

10.9. Valvoline Inc.

10.10. Eni SpA 

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

ExxonMobil Corporation

Royal Dutch Shell

BP PLC

Chevron Corporation

TotalEnergies

Fuchs Group

Phillips 66

The Lubrizol Corporation

Valvoline Inc.

Eni SpA