Industrial synthetic lubricants are composed of artificially manufactured compounds that can use chemically modified petroleum components. Industrial synthetic lubricants displace solid surfaces with a fluid film. It can also be used to alter surface properties, regulate temperature or remove debris.
This report contains market size and forecasts of Industrial Synthetic Lubricants in global, including the following market information:
Global Industrial Synthetic Lubricants Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Industrial Synthetic Lubricants Market Sales, 2017-2022, 2023-2028, (Tons)
Global top five Industrial Synthetic Lubricants companies in 2021 (%)
The global Industrial Synthetic 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 2022-2028.
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 Industrial Synthetic Lubricants include Royal Dutch Shell, Royal Purple, ExxonMobil, Henkel, BP, Chevron, Total S.A., PetroChina Company and Idemitsu Kosan, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Industrial Synthetic 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 Industrial Synthetic Lubricants Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Industrial Synthetic Lubricants Market Segment Percentages, by Type, 2021 (%)
Hydraulic Fluid
Gear Oil
Compressor Oil
Turbine Oil
Others
Global Industrial Synthetic Lubricants Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Industrial Synthetic Lubricants Market Segment Percentages, by Application, 2021 (%)
Food Processing
Automotive
Oil & Gas
Others
Global Industrial Synthetic Lubricants Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Industrial Synthetic 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 Industrial Synthetic Lubricants revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Industrial Synthetic Lubricants revenues share in global market, 2021 (%)
Key companies Industrial Synthetic Lubricants sales in global market, 2017-2022 (Estimated), (Tons)
Key companies Industrial Synthetic Lubricants sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Royal Dutch Shell
Royal Purple
ExxonMobil
Henkel
BP
Chevron
Total S.A.
PetroChina Company
Idemitsu Kosan
Sinopec
Klüber Lubrication
FUCHS
Valvoline
Super Lube
Clariant
NEO Synthetic Oil
Quaker
SFR
Unique Technologies Associates