The industrial lubricants market is expected to be valued at USD 75.23 Billion in 2027 from USD 58.22 Billion in 2019, registering a CAGR of 3.2% through the forecast period. Rising the number of different trade activities and surging industrialization, especially in emerging countries, are foreseen to fuel the industry’s growth during the commenced period.
Leading companies in the sector include ExxonMobil Corp, The Lubrizol Corporation, Royal Dutch Shell, Valvoline International, Inc., Quaker Chemical Corp. Amsoil, Inc., Kluber Lubrication, Chevron Corp., Clariant, and Petronas Lubricant International.
Key Highlights of Report
The region of Asia Pacific held the highest industry share, owing to the high demand in the nation, China. The country is seeing a steadfast growth in the area of construction, oil and gas, and power generation sectors.
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For the purpose of this report, Emergen Research has segmented the global industrial lubricants market based on product type, base oil, end-use industry, and region:
Regional Outlook (Revenue, USD Billion; 2017–2027)
o North America
§ Rest of Europe
o Asia Pacific
§ South Korea
§ Rest of APAC
o Latin America
§ Rest of LATAM
o Middle East & Africa
§ Saudi Arabia
§ Rest of MEA
The report emphasizes the demands and ongoing trends of the global industrial lubricants market, more importantly, across the major regions of the market. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by the market contenders, such as mergers & acquisitions, joint ventures, partnerships & collaborations, new product launches, and brand promotions.
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