Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 58.55 Billion | USD 102.90 Billion | 5.80% | 2024 |
FrequentlyAsked Questions
Industrial lubricants are specially designed substances used to provide lubrication to moving parts of industrial equipment or machinery.
The global industrial lubricant market is expected to be driven by the rising rate of automation in the manufacturing industry worldwide.
According to study, the global industrial lubricant market size was worth around USD 58.55 billion in 2024 and is predicted to grow to around USD 102.90 billion by 2034.
The CAGR value of the industrial lubricant market is expected to be around 5.80% during 2025-2034.
The global industrial lubricant market is expected to be led by Asia-Pacific during the forecast period.
The global industrial lubricant market is led by players like Fuchs Petrolub, ExxonMobil, BP (Castrol), PetroChina, Phillips 66 Lubricants, Idemitsu Kosan, Gulf Oil, Chevron, Petro-Canada Lubricants, Quaker Houghton, TotalEnergies, Valvoline, Lukoil, Shell, and Sinopec.
The report explores crucial aspects of the industrial lubricant market, including a detailed discussion of existing growth factors and restraints, while also browsing future growth opportunities and challenges that impact the market.
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