Industrial Oil Market
Explore How Industrial Oil Producers are Eyeing the Energy Generation Sector for More Revenue in FMI’s Report!
Industrial Oil Market by Type, Oil Type, Source, End-Use & Region – Forecast 2022-2032
Industrial Oil Market Outlook (2022-2032)
[215 Pages Report] The global industrial oil market is estimated to be valued at around US$ 63,690.3 Mn in 2022, registering year-over-year (Y-o-Y) growth of 3.1%. Sales of industrial oil are projected to increase at a healthy CAGR of 3.6% and are expected to top a valuation of US$ 90,491.1 Mn by 2032. Increasing applications of industrial oil in various industries such as energy generation is expected to boost the market during the assessment period (2022-2032).
|
Industrial Oil Market Value (2021A) |
US$ 61,773.1 Mn |
|
Market Estimated Size (2022E) |
US$ 63,690.3 Mn |
|
Projected Market Value (2032F) |
US$ 90,491.1 Mn |
|
Value CAGR (2022-2032) |
3.6% |
|
Collective Value Share: Top 3 Countries Global (2022E) |
53.8% |
Growing demand to enhance equipment reliability and uptime in various industries will benefit the sales of industrial oil in the coming decade. Mineral oil and synthetic oil demand is predicted to remain significant in power generation industry.
Owing to significant development in the industrial sector, China and the U.S. are expected to remain the most lucrative market for oil consumption. The global consumption of industrial oil is estimated to be around 2.8% of the global crude oil market.
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2017-2021 Industrial Oil Market Outlook Compared to 2022-2032 Demand Forecast
The global demand for industrial oil has witnessed CAGR growth of 0.5% between 2017 and 2021, as per Future Market Insights (FMI). Significant consumption of industrial oil in the power generation sector to improve power plant productivity and efficiency will bolster the consumption.
In addition to this, growing consumption of industrial oil in chemical industries to increase the life of equipment in the cooling tower, heat transfer equipment, reactor, and other equipment increased the growth of the market.
Moreover, the sales of industrial oil is estimated to witness a growth rate of 3.6% between 2022 and 2032. This is owing to the rapid industrialization and consumption of industrial oil in automotive sector to improve the efficiency and performance of the automotive parts and engine.
On the back of these aforementioned factors, the demand in the market is expected to top US$ 63, 690.3 Mn in 2022 and surpass US$ 90,491.1 Mn by the end of 2032.
Top 2 Indutrial Oil Trends Boosting the Sales in the Market
- Growing Demand from Power Generation Gector Augmenting the Demand
In the power generation sector, industrial oil helps to reduce wear and tear of the machineries and benefits in smooth running of the engines and equipment. Further, it also helps to extend machine life, lower operating costs, and increase productivity while achieving environmental care and safety. Industrial oil is used in various power generation plants such as coal power plants, natural gas engines, and gas turbine power plants.
The power generation sector is expected to grow in recent years owing to high demand for electricity all over the globe. Further, increasing consumption of electricity in industrial, commercial, and residential sectors are a significant factor in increasing the power demand which is indirectly bolstering the demand for industrial oil.
In addition to this, advent of new technologies in the energy sector including decarbonization technologies, is improving the development in power generation sector. Substantial investments and rising consumption of electrical energy is expected to propel the growth of industrial oil sales.
- Need for Bio-based Oil to Cater to Growing Sustainability Concerns Push Sales
The industrial oil manufacturing process is shifting from petroleum to biobased products owing to sustainability focus to decrease the carbon footprint. Owing to the stringency in the environmental regulations, especially in Europe, key players are opting for biobased sources, to reduce carbon footprint.
Hence, numerours researchers are working on shifting biobased oil from the biodegradable feedstock. However, biobased oil is not completely able to replace the more standard petroleum-based oil due to its lack of physical properties such as oxidative stability, thermal stability, and viscosity range. However, biobased oil performance can be enhanced by adding additives, fueling the sales of industrial oil in the market.
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Talk to AnalystWhat are the Factors Likely to Restrain Indsutrial Oil Sales in the Market?
Industrial oil which is manufactured from a petrochemical source is hazardous to the environment. It is also responsible for water pollution when it disposes of in the water. Owing to its harmful impact on the environment government imposed a ban and apply regulations on using synthetic oil to reduce its harmful effect on the environment.
In addition to this, biobased oil which has been sourced from forest plants supplies the growing global demand for biobased oil as palm oil has sources in the tropical forest regions. Owing to these reasons, several governments has imposed compliance regulations for petrochemical source industrial oil and biobased oil. This might hamper the demand in the market.
Country-wise Insights
What will be the Demand Outlook for China Industrial Oil Market?
Increasing Production of Automotive in Chian to Facilitate the Demand
The power generation sector in China is poised to expand with rising consumption of electricity from the industrial sector. The Chinese government is focusing to increase the electricity production to meet the industrial and residential demand for electrical energy. Further, China also plans to increase coal supply to fuel the demand for coal-fired power plants that will be generating more electricity.
Further, automotive sector is expected to create significant market opportunites for the consumption of industrial oil with rising sales and production of vehicle. Owing to the increasing number of power plants and significant production of automotive parts in China, the country is expected to remain a prominent consumer of industrial oil. All these factors are expected to boost the market in China, accounting for about 26.5% of the overall market.
How Big is the Opportunity in Germany Indsutrial Oil Market?
Expansion of Chemical Manufacturing Industries will Push Industrial Oil Demand
Expansion of chemical manufacturing industries in Germany is expedcted to be the primary factor boosting the demand in the market. Many chemical manufacturers are eyeing the Germany market owing to the excellent research landscape, state-of-the-art logistics, and world-class infrastructure. As per the study, Germany is considered to be one of the largest exporters of chemical products.
In addition, presence of several leading companies in Germany such as BASF, Bayer, Fresenius, Henke, Boehringer Ingelheim, and others. The chemical industry in Germany also produce chemical and supplies raw material to other countries. Further, innovation of new chemical products and manufacturing processes in Germany will drive the demand for the upcoming decade.
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Category-wise Insights
Which Type of Industrial Oil is Most Preferred Among End Users?
Sales of Mineral-based Industrial Oil to Gain Traction through 2032
Mineral industrial oil is acquired from petroleum products that are obtained from oil wells. All mineral oils comprises of hydrocarbons and organic compounds that consist of hydrogen and carbon.
Mineral-based oil has advantages of better solubility with additives, lower cost, and enhanced compatibility with seals. It also has lubricating properties typically used for various mechanical components such as bearing, gears, chains, slides, and threaded connections.
It gives a broad operating temperature range from -17°C to 150°C. Mineral oil is compatible with many additives that can be beneficial for custom lubrication solutions. It is also compatible with many grease thickener systems.
Mineral-based oil is used in many industries such as automotive, industrial machinery, textile, food and beverages, plastic, and chemicals. In terms of type, mineral oil is estimated to witness a growth rate of 2.1% CAGR over the coming decade.
Which is the Leading End-Use Sector in Industrial Oil Market?
Energy Generation Sector to Contribute Maximum Revenue of Industrial Oil
Mineral-based oil is highest consumed in the poower generation sector for various plants such as gas turbine power plants, coal power plants, gas turbine power plants, and others. Mineral-based trial oil is extend machine life in power plant, lower operating costs, and boost equipment reliability.
Expansion of power generation sector owing to the increasing consumption of electrical energy will further propel the sales in the market. In addition to this, power generation sector is witnessing growth due to high demand in the transportation sector and surging electrical vehicle sales.
With the burgeoning growth in power generation sector, consumption of industrial oil is predicted to surge due to optimization of equipment efficiency of a power plant.
Competitive Landscape
Key players in the global industrial oil market are working on plant-based oil and looking out for ways to product formulation and develop more sustainable industrial oil solutions. They are also investing in safer and sustainable additives.
Further, they also innovating new formulations to shift from petroleum-based oil to biobased oil owing to the regulatory pressure for safer additives and working on custom solutions for end users.
For instance:
- Exxon Mobil collaborated with GE Power and launch advanced Co-Branded Turbine Oil. A new technology that improves turbine bearing efficiency by up to 15 percent compared to conventional turbine oil.
Scope of Report
|
Attribute |
Details |
|
Market Estimated Size (2022E) |
US$ 63,690.3 Mn |
|
Projected Market Value (2032F) |
US$ 90,491.1 Mn |
|
Value CAGR (2022-2032) |
3.6% |
|
Forecast Period |
2022-2032 |
|
Historical Data Available for |
2017-2021 |
|
Market Analysis |
US$ Million for Value and Kilo Tons for Volume |
|
Key Countries Covered |
U.S., Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, Northern Africa, South Africa |
|
Key Segments Covered |
Type, Oil Type, Source, End-Use, and Region |
|
Key Companies Profiled |
|
|
Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Industrial Oil Market Segmentation
By Type:
- Mineral
- Synthetic and Semi-Synthetic
- Biobased
Oil Type:
- Process Oil
- Hydraulic Oils
- Industry Engine Oils
- Gear Oils
- Metal Working Fluids
- Turbine and Circulating Oils
- Refrigerating Oils
- Compressor Oils
By Source:
- Crude Oil
- Soybean
- Rapeseed
- Sunflower
- Palm
- Others
By End-Use:
- Energy Generation
- Oil & Gas
- Manufacturing
- Automotive
- Heavy Engineering Equipment
By Region:
- North America
- Latin America
- Europe
- East Asia
- SAPeI (South Asia Pacific excl. India)
- Middle East & Africa
- India
Frequently Asked Questions
The global market for industrial oil is estimated to reach a valuation of US$ 63,690.3 Mn in 2022.
Sales of industrial oil are expected to surge at a CAGR of 3.6% over the forecast period of 2022 and 2032, in terms of value.
Rising application in power generation and automotive sectors are the key end-use industries of the industrial oil market.
According to FMI analysis, Exxon Mobil Corporation, Chevron USA Inc, Royal Dutch Shell plc, Castrol Limited, China Petroleum and Chemical Corporation, Lubrication Engineer, Chem point, and others are identified as the key manufacturers in the industrial oil market.
Key players in the global industrial oil market are expected to account for about 40 – 45% of the overall market share.
The top countries driving the global industrial oil demand are China, the U.S., and Germany.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product innovation & Diversification
4.3. Marketing and Brand management
4.4. Supply Chain Management
5. Global Industrial Oil Market Demand Analysis 2017-2021 and Forecast, 2022-2032
5.1. Historical Market Volume (KT) Analysis, 2017-2021
5.2. Current and Future Market Volume (KT) Projections, 2022-2032
5.3. Y-o-Y Growth Trend Analysis
6. Global Industrial Oil Market - Pricing Analysis
6.1. Regional Pricing Analysis by Type
6.2. Pricing Analysis by Regions
7. Global Industrial Oil Market Demand (in Value or Size in US$ Mn) Analysis 2017-2021 and Forecast, 2022-2032
7.1. Historical Market Value (US$ Mn) Analysis, 2017-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global Economic Outlook
8.1.2. Global Chemical Industry Overview
8.1.3. Global Specialty Chemicals Market Outlook
8.1.4. Global Petrochemical Industry Overview
8.1.5. Global Lubricants Market Outlook
8.1.6. Global Manufacturing Value Added Outlook
8.1.7. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. GDP growth Outlook
8.2.2. Specialty Chemicals Demand Growth Forecast
8.2.3. Impact of Pricing
8.2.4. Oil and Gas Industry Growth Forecast
8.2.5. Increasing Government Regulations
8.2.6. Energy demand growth forecast
8.2.7. Other Forecast Factors
8.3. Supply-Demand Analysis
8.4. Value Chain Analysis
8.4.1. List of Manufacturers
8.4.2. List of Distributors
8.4.3. List of Probable End Users
8.5. Market Dynamics
8.6. Impact of COVID – 19 Crisis
8.7. Key Regulations & Certifications
9. Global Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032, By Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2017 - 2021
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2022 - 2032
9.3.1. Mineral Oil
9.3.2. Synthetic and Semisynthetic
9.3.3. Bio-based
9.4. Market Attractiveness Analysis By Type
10. Global Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032, By Oil Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Oil Type, 2017 - 2021
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Oil Type, 2022 - 2032
10.3.1. Process Oil
10.3.2. Hydraulic Oils
10.3.3. Industry Engine Oils
10.3.4. Gear Oils
10.3.5. Metal Working Fluids
10.3.6. Turbine and Circulating Oils
10.3.7. Refrigerating Oils
10.3.8. Compressor Oils
10.4. Market Attractiveness Analysis By Oil Type
11. Global Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032, by Source
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Source, 2017 - 2021
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Source, 2022 - 2032
11.3.1. Crude Oil
11.3.2. Soybean
11.3.3. Rapeseed
11.3.4. Sunflower
11.3.5. Cottonseed
11.3.6. Corn
11.3.7. Palm
11.3.8. Others
11.4. Market Attractiveness Analyses, By Source
12. Global Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032, By End Use
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2017 - 2021
12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2022 - 2032
12.3.1. Power Generation
12.3.2. Chemical Manufacturing
12.3.3. Metallurgy
12.3.4. Food and Beverages
12.3.5. Automotive and Other transport
12.3.6. Paints and Coatings
12.3.7. Cosmetics and Personal Care Product
12.3.8. Pharmaceuticals
12.3.9. Others
12.4. Market Attractiveness Analysis By End Use
13. Global Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032, by Region
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2017 - 2021
13.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2022 - 2032
13.3.1. North America
13.3.2. Latin America
13.3.3. Europe
13.3.4. East Asia
13.3.5. SAPeI
13.3.6. Middle East & Africa
13.3.7. India
13.4. Market Attractiveness Analysis By Region
14. North America Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2032
14.4.1. By Type
14.4.2. By Oil Type
14.4.3. By Source
14.4.4. By End Use
14.4.5. By Country
14.4.5.1. U.S.
14.4.5.2. Canada
14.5. Market Attractiveness Analysis
14.5.1. By Type
14.5.2. By Oil Type
14.5.3. By Source
14.5.4. By End Use
14.5.5. By Country
14.6. Market Trends
14.7. Drivers and Restraints Impact Analysis
15. Latin America Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2032
15.4.1. By Type
15.4.2. By Oil Type
15.4.3. By Source
15.4.4. By End Use
15.4.5. By Country
15.4.5.1. Brazil
15.4.5.2. Mexico
15.4.5.3. Rest of Latin America
15.5. Market Attractiveness Analysis
15.5.1. By Type
15.5.2. By Oil Type
15.5.3. By Source
15.5.4. By End Use
15.5.5. By Country
15.6. Market Trends
15.7. Drivers and Restraints Impact Analysis
16. Europe Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2032
16.4.1. By Type
16.4.2. By Oil Type
16.4.3. By Source
16.4.4. By End Use
16.4.5. By Country
16.4.5.1. Germany
16.4.5.2. Italy
16.4.5.3. France
16.4.5.4. U.K.
16.4.5.5. Spain
16.4.5.6. BENELUX
16.4.5.7. Russia
16.4.5.8. Rest of Europe
16.5. Market Attractiveness Analysis
16.5.1. By Type
16.5.2. By Oil Type
16.5.3. By Source
16.5.4. By End Use
16.5.5. By Country
16.6. Market Trends
16.7. Drivers and Restraints Impact Analysis
17. East Asia Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2032
17.4.1. By Type
17.4.2. By Oil Type
17.4.3. By Source
17.4.4. By End Use
17.4.5. By Country
17.4.5.1. China
17.4.5.2. Japan
17.4.5.3. South Korea
17.5. Market Attractiveness Analysis
17.5.1. By Type
17.5.2. By Oil Type
17.5.3. By Source
17.5.4. By End Use
17.5.5. By Country
17.6. Market Trends
17.7. Drivers and Restraints Impact Analysis
18. SAPeI Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2032
18.4.1. By Type
18.4.2. By Oil Type
18.4.3. By Source
18.4.4. By End Use
18.4.5. By Country
18.4.5.1. ASEAN
18.4.5.2. ANZ
18.4.5.3. Rest of SAPeI
18.5. Market Attractiveness Analysis
18.5.1. By Type
18.5.2. By Oil Type
18.5.3. By Source
18.5.4. By End Use
18.5.5. By Country
18.6. Market Trends
18.7. Drivers and Restraints Impact Analysis
19. Middle East and Africa Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2032
19.4.1. By Type
19.4.2. By Oil Type
19.4.3. By Source
19.4.4. By End Use
19.4.5. By Country
19.4.5.1. GCC Countries
19.4.5.2. Turkey
19.4.5.3. Northern Africa
19.4.5.4. South Africa
19.4.5.5. Rest of Middle East and Africa
19.5. Market Attractiveness Analysis
19.5.1. By Type
19.5.2. By Oil Type
19.5.3. By Source
19.5.4. By End Use
19.5.5. By Country
19.6. Market Trends
19.7. Drivers and Restraints Impact Analysis
20. India Industrial Oil Market Analysis 2017-2021 and Forecast 2022-2032
20.1. Introduction
20.2. Pricing Analysis
20.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
20.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2032
20.4.1. By Type
20.4.2. By Oil Type
20.4.3. By Source
20.4.4. By End Use
20.5. Market Attractiveness Analysis
20.5.1. By Type
20.5.2. By Oil Type
20.5.3. By Source
20.5.4. By End Use
20.6. Market Trends
20.7. Drivers and Restraints Impact Analysis
21. Country Wise Industrial Oil Market Analysis
21.1. U.S. Industrial Oil Market Analysis
21.1.1. By Type
21.1.2. By Oil Type
21.1.3. By Source
21.1.4. By End Use
21.2. Canada Industrial Oil Market Analysis
21.2.1. By Type
21.2.2. By Oil Type
21.2.3. By Source
21.2.4. By End Use
21.3. Mexico Industrial Oil Market Analysis
21.3.1. By Type
21.3.2. By Oil Type
21.3.3. By Source
21.3.4. By End Use
21.4. Brazil Industrial Oil Market Analysis
21.4.1. By Type
21.4.2. By Oil Type
21.4.3. By Source
21.4.4. By End Use
21.5. Germany Industrial Oil Market Analysis
21.5.1. By Type
21.5.2. By Oil Type
21.5.3. By Source
21.5.4. By End Use
21.6. Italy Industrial Oil Market Analysis
21.6.1. By Type
21.6.2. By Oil Type
21.6.3. By Source
21.6.4. By End Use
21.7. France Industrial Oil Market Analysis
21.7.1. By Type
21.7.2. By Oil Type
21.7.3. By Source
21.7.4. By End Use
21.8. U.K. Industrial Oil Market Analysis
21.8.1. By Type
21.8.2. By Oil Type
21.8.3. By Source
21.8.4. By End Use
21.9. Spain Industrial Oil Market Analysis
21.9.1. By Type
21.9.2. By Oil Type
21.9.3. By Source
21.9.4. By End Use
21.10. Russia Industrial Oil Market Analysis
21.10.1. By Type
21.10.2. By Oil Type
21.10.3. By Source
21.10.4. By End Use
21.11. BENELUX Industrial Oil Market Analysis
21.11.1. By Type
21.11.2. By Oil Type
21.11.3. By Source
21.11.4. By End Use
21.12. China Industrial Oil Market Analysis
21.12.1. By Type
21.12.2. By Oil Type
21.12.3. By Source
21.12.4. By End Use
21.13. Japan Industrial Oil Market Analysis
21.13.1. By Type
21.13.2. By Oil Type
21.13.3. By Source
21.13.4. By End Use
21.14. S. Korea Industrial Oil Market Analysis
21.14.1. By Type
21.14.2. By Oil Type
21.14.3. By Source
21.14.4. By End Use
21.15. ASEAN Industrial Oil Market Analysis
21.15.1. By Type
21.15.2. By Oil Type
21.15.3. By Source
21.15.4. By End Use
21.16. GCC Countries Industrial Oil Market Analysis
21.16.1. By Type
21.16.2. By Oil Type
21.16.3. By Source
21.16.4. By End Use
21.17. Turkey Industrial Oil Market Analysis
21.17.1. By Type
21.17.2. By Oil Type
21.17.3. By Source
21.17.4. By End Use
21.18. South Africa Industrial Oil Market Analysis
21.18.1. By Type
21.18.2. By Oil Type
21.18.3. By Source
21.18.4. By End Use
22. Market Structure Analysis
22.1. Market Analysis by Tier of Companies [Industrial Oil]
22.2. Market Concentration
22.3. Market Share Analysis of Top Players
22.4. Apparent Production Capacity of Top Players
22.5. Market Presence Analysis
22.5.1. By Regional Presence
22.5.2. By Product Footprint
23. Competition Analysis
23.1. Competition Dashboard
23.2. Primary Survey Analysis
23.3. Competition Deep Dive
23.3.1. Exxon Mobil Corporation
23.3.1.1. Overview
23.3.1.2. Product Portfolio
23.3.1.3. Key Financials
23.3.1.4. Sales Footprint
23.3.1.5. Strategy Overview
23.3.2. Shell
23.3.2.1. Overview
23.3.2.2. Product Portfolio
23.3.2.3. Key Financials
23.3.2.4. Sales Footprint
23.3.2.5. Strategy Overview
23.3.3. PHILLIPS 66
23.3.3.1. Overview
23.3.3.2. Product Portfolio
23.3.3.3. Key Financials
23.3.3.4. Sales Footprint
23.3.3.5. Strategy Overview
23.3.4. TotalEnergies
23.3.4.1. Overview
23.3.4.2. Product Portfolio
23.3.4.3. Key Financials
23.3.4.4. Sales Footprint
23.3.4.5. Strategy Overview
23.3.5. Chevron
23.3.5.1. Overview
23.3.5.2. Product Portfolio
23.3.5.3. Key Financials
23.3.5.4. Sales Footprint
23.3.5.5. Strategy Overview
23.3.6. Bp
23.3.6.1. Overview
23.3.6.2. Product Portfolio
23.3.6.3. Key Financials
23.3.6.4. Sales Footprint
23.3.6.5. Strategy Overview
23.3.7. Gazprom
23.3.7.1. Overview
23.3.7.2. Product Portfolio
23.3.7.3. Key Financials
23.3.7.4. Sales Footprint
23.3.7.5. Strategy Overview
23.3.8. Rosneft
23.3.8.1. Overview
23.3.8.2. Product Portfolio
23.3.8.3. Key Financials
23.3.8.4. Sales Footprint
23.3.8.5. Strategy Overview
23.3.9. Quacker Houghton Chemical Corp.
23.3.9.1. Overview
23.3.9.2. Product Portfolio
23.3.9.3. Key Financials
23.3.9.4. Sales Footprint
23.3.9.5. Strategy Overview
23.3.10. Lukoil
23.3.10.1. Overview
23.3.10.2. Product Portfolio
23.3.10.3. Key Financials
23.3.10.4. Sales Footprint
23.3.10.5. Strategy Overview
23.3.11. Petronas
23.3.11.1. Overview
23.3.11.2. Product Portfolio
23.3.11.3. Key Financials
23.3.11.4. Sales Footprint
23.3.11.5. Strategy Overview
23.3.12. Bharat Petroleum
23.3.12.1. Overview
23.3.12.2. Product Portfolio
23.3.12.3. Key Financials
23.3.12.4. Sales Footprint
23.3.12.5. Strategy Overview
23.3.13. FUCHS PETROLUB SE
23.3.13.1. Overview
23.3.13.2. Product Portfolio
23.3.13.3. Key Financials
23.3.13.4. Sales Footprint
23.3.13.5. Strategy Overview
23.3.14. Sinopec
23.3.14.1. Overview
23.3.14.2. Product Portfolio
23.3.14.3. Key Financials
23.3.14.4. Sales Footprint
23.3.14.5. Strategy Overview
23.3.15. Idemitsu Kosan Co., Ltd
23.3.15.1. Overview
23.3.15.2. Product Portfolio
23.3.15.3. Key Financials
23.3.15.4. Sales Footprint
23.3.15.5. Strategy Overview
23.3.16. Tide Water Oil Co (I) Ltd
23.3.16.1. Overview
23.3.16.2. Product Portfolio
23.3.16.3. Key Financials
23.3.16.4. Sales Footprint
23.3.16.5. Strategy Overview
23.3.17. Castrol
23.3.17.1. Overview
23.3.17.2. Product Portfolio
23.3.17.3. Key Financials
23.3.17.4. Sales Footprint
23.3.17.5. Strategy Overview
23.3.18. Panama Petrochem Ltd.
23.3.18.1. Overview
23.3.18.2. Product Portfolio
23.3.18.3. Key Financials
23.3.18.4. Sales Footprint
23.3.18.5. Strategy Overview
23.3.19. Gulf Oil Lubricants India Ltd
23.3.19.1. Overview
23.3.19.2. Product Portfolio
23.3.19.3. Key Financials
23.3.19.4. Sales Footprint
23.3.19.5. Strategy Overview
23.3.20. Gandhar Oil
23.3.20.1. Overview
23.3.20.2. Product Portfolio
23.3.20.3. Key Financials
23.3.20.4. Sales Footprint
23.3.20.5. Strategy Overview
23.3.21. Savita Oil Technologies Ltd
23.3.21.1. Overview
23.3.21.2. Product Portfolio
23.3.21.3. Key Financials
23.3.21.4. Sales Footprint
23.3.21.5. Strategy Overview
23.3.22. Apar Industries Ltd.
23.3.22.1. Overview
23.3.22.2. Product Portfolio
23.3.22.3. Key Financials
23.3.22.4. Sales Footprint
23.3.22.5. Strategy Overview
23.3.23. Grauer & Weil (India) Limited
23.3.23.1. Overview
23.3.23.2. Product Portfolio
23.3.23.3. Key Financials
23.3.23.4. Sales Footprint
23.3.23.5. Strategy Overview
23.3.24. Gold Oil Corporation
23.3.24.1. Overview
23.3.24.2. Product Portfolio
23.3.24.3. Key Financials
23.3.24.4. Sales Footprint
23.3.24.5. Strategy Overview
23.3.25. Vinayak Oil
23.3.25.1. Overview
23.3.25.2. Product Portfolio
23.3.25.3. Key Financials
23.3.25.4. Sales Footprint
23.3.25.5. Strategy Overview
24. Assumptions and Acronyms Used
25. Primary Survey Analysis
26. Research Methodology
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List of Tables
Table 01: Global Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Type, 2017–2032
Table 02: Global Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Oil Type, 2017–2032
Table 03: Global Industrial Oil Market Value (US$ Mn) & Volume (KT) By Source, 2017 – 2032
Table 04: Global Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by End Use, 2017–2032
Table 05: Global Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Region, 2017–2032
Table 06: Global Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Country, 2017–2032
Table 07: North America Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Type, 2017–2032
Table 08: North America Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Oil Type, 2017–2032
Table 09: North America Industrial Oil Market Value (US$ Mn) & Volume (KT) By Source, 2017 – 2032
Table 10: North America Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by End Use, 2017–2032
Table 11: Latin America Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Country, 2017–2032
Table 12: Latin America Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Type, 2017–2032
Table 13: Latin America Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Oil Type, 2017–2032
Table 14: Latin America Industrial Oil Market Value (US$ Mn) & Volume (KT) By Source, 2017 – 2032
Table 15: Latin America Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by End Use, 2017–2032
Table 16: Europe Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Country, 2017–2032
Table 17: Europe Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Type, 2017–2032
Table 18: Europe Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Oil Type, 2017–2032
Table 19: Europe Industrial Oil Market Value (US$ Mn) & Volume (KT) By Source, 2017 – 2032
Table 20: Europe Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by End Use, 2017–2032
Table 21: East Asia Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Country, 2017–2032
Table 22: East Asia Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Type, 2017–2032
Table 23: East Asia Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Oil Type, 2017–2032
Table 24: East Asia Industrial Oil Market Value (US$ Mn) & Volume (KT) By Source, 2017 – 2032
Table 25: East Asia Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by End Use, 2017–2032
Table 26: SAPeI Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Country, 2017–2032
Table 27: SAPeI Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Type, 2017–2032
Table 28: SAPeI Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Oil Type, 2017–2032
Table 29: SAPeI Industrial Oil Market Value (US$ Mn) & Volume (KT) By Source, 2017 – 2032
Table 30: SAPeI Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by End Use, 2017–2032
Table 31: MEA Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Country, 2017–2032
Table 32: MEA Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Type, 2017–2032
Table 33: MEA Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Oil Type, 2017–2032
Table 34: MEA Industrial Oil Market Value (US$ Mn) & Volume (KT) By Source, 2017 – 2032
Table 35: MEA Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by End Use, 2017–2032
Table 36: India Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Type, 2017–2032
Table 37: India Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by Oil Type, 2017–2032
Table 38: India Industrial Oil Market Value (US$ Mn) & Volume (KT) By Source, 2017 – 2032
Table 39: India Industrial Oil Market Value (US$ Mn) and Volume (KT) Forecast by End Use, 2017–2032
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Figure 01: Global Industrial Oil Historical Market Volume (KT) Analysis, 2017-2021
Figure 02: Global Industrial Oil Current and Future Market Volume (KT) Analysis, 2022-2032
Figure 03: Global Industrial Oil Market Value (US$ Mn), 2017 – 2021
Figure 04: Global Industrial Oil Market Value (US$ Mn) Forecast, 2022 – 2032
Figure 05: Global Industrial Oil Market Absolute $ Opportunity, 2017 to 2022 and 2032
Figure 06: Global Industrial Oil Market Share and BPS Analysis by Type – 2022 & 2032
Figure 07: Global Industrial Oil Market Y-o-Y Growth Projections by Type, 2022 - 2032
Figure 08: Global Industrial Oil Market Attractiveness Analysis by Type, 2022-2032
Figure 09: Global Industrial Oil Market Share and BPS Analysis by Oil Type – 2022 & 2032
Figure 10: Global Industrial Oil Market Y-o-Y Growth Projections by Oil Type, 2022 - 2032
Figure 11: Global Industrial Oil Market Attractiveness Analysis by Oil Type, 2022-2032
Figure 12: Global Industrial Oil Market Share and BPS Analysis By Source– 2022 & 2032
Figure 13: Global Industrial Oil Market Y-o-Y Growth Projections By Source, 2022 - 2032
Figure 14: Global Industrial Oil Market Attractiveness Analysis by Source, 2022-2032
Figure 15: Global Industrial Oil Market Share and BPS Analysis by End Use – 2022 & 2032
Figure 16: Global Industrial Oil Market Y-o-Y Growth Projections by End Use, 2022 - 2032
Figure 17: Global Industrial Oil Market Attractiveness Analysis by End Use, 2022-2032
Figure 18: Global Industrial Oil Market Share and BPS Analysis by Region– 2022 & 2032
Figure 19: Global Industrial Oil Market Y-o-Y Growth Projections by Region, 2022 - 2032
Figure 44: Global Industrial Oil Market Attractiveness Analysis by Region, 2022-2032
Figure 20: North America Industrial Oil Market Share and BPS Analysis by Country – 2022 & 2032
Figure 21: North America Industrial Oil Market Y-o-Y Growth Projections by Country, 2022 - 2032
Figure 22: North America Industrial Oil Market Attractiveness Analysis by Country, 2022-2032
Figure 23: North America Industrial Oil Market Share and BPS Analysis by Type – 2022 & 2032
Figure 24: North America Industrial Oil Market Y-o-Y Growth Projections by Type, 2022 - 2032
Figure 25: North America Industrial Oil Market Attractiveness Analysis by Type, 2022-2032
Figure 26: North America Industrial Oil Market Share and BPS Analysis by Oil Type – 2022 & 2032
Figure 27: North America Industrial Oil Market Y-o-Y Growth Projections by Oil Type, 2022 - 2032
Figure 28: North America Industrial Oil Market Attractiveness Analysis by Oil Type, 2022-2032
Figure 29: North America Industrial Oil Market Share and BPS Analysis By Source– 2022 & 2032
Figure 30: North America Industrial Oil Market Y-o-Y Growth Projections By Source, 2022 - 2032
Figure 31: North America Industrial Oil Market Attractiveness Analysis by Source, 2022-2032
Figure 32: North America Industrial Oil Market Share and BPS Analysis by End Use – 2022 & 2032
Figure 33: North America Industrial Oil Market Y-o-Y Growth Projections by End Use, 2022 - 2032
Figure 34: North America Industrial Oil Market Attractiveness Analysis by End Use, 2022-2032
Figure 35: Latin America Industrial Oil Market Share and BPS Analysis by Country – 2022 & 2032
Figure 36: Latin America Industrial Oil Market Y-o-Y Growth Projections by Country, 2022 - 2032
Figure 37: Latin America Industrial Oil Market Attractiveness Analysis by Country, 2022-2032
Figure 38: Latin America Industrial Oil Market Share and BPS Analysis by Type – 2022 & 2032
Figure 39: Latin America Industrial Oil Market Y-o-Y Growth Projections by Type, 2022 - 2032
Figure 40: Latin America Industrial Oil Market Attractiveness Analysis by Type, 2022-2032
Figure 41: Latin America Industrial Oil Market Share and BPS Analysis by Oil Type – 2022 & 2032
Figure 42: Latin America Industrial Oil Market Y-o-Y Growth Projections by Oil Type, 2022 - 2032
Figure 43: Latin America Industrial Oil Market Attractiveness Analysis by Oil Type, 2022-2032
Figure 44: Latin America Industrial Oil Market Share and BPS Analysis By Source– 2022 & 2032
Figure 45: Latin America Industrial Oil Market Y-o-Y Growth Projections By Source, 2022 - 2032
Figure 16: Latin America Industrial Oil Market Attractiveness Analysis by Source, 2022-2032
Figure 46: Latin America Industrial Oil Market Share and BPS Analysis by End Use – 2022 & 2032
Figure 47: Latin America Industrial Oil Market Y-o-Y Growth Projections by End Use, 2022 - 2032
Figure 48: Latin America Industrial Oil Market Attractiveness Analysis by End Use, 2022-2032
Figure 49: Europe Industrial Oil Market Share and BPS Analysis by Country – 2022 & 2032
Figure 50: Europe Industrial Oil Market Y-o-Y Growth Projections by Country, 2022 - 2032
Figure 51: Europe Industrial Oil Market Attractiveness Analysis by Country, 2022-2032
Figure 52: Europe Industrial Oil Market Share and BPS Analysis by Type – 2022 & 2032
Figure 53: Europe Industrial Oil Market Y-o-Y Growth Projections by Type, 2022 - 2032
Figure 54: Europe Industrial Oil Market Attractiveness Analysis by Type, 2022-2032
Figure 55: Europe Industrial Oil Market Share and BPS Analysis by Oil Type – 2022 & 2032
Figure 56: Europe Industrial Oil Market Y-o-Y Growth Projections by Oil Type, 2022 - 2032
Figure 57: Europe Industrial Oil Market Attractiveness Analysis by Oil Type, 2022-2032
Figure 58: Europe Industrial Oil Market Share and BPS Analysis By Source– 2022 & 2032
Figure 59: Europe Industrial Oil Market Y-o-Y Growth Projections By Source, 2022 - 2032
Figure 60: Europe Industrial Oil Market Attractiveness Analysis by Source, 2022-2032
Figure 61: Europe Industrial Oil Market Share and BPS Analysis by End Use – 2022 & 2032
Figure 62: Europe Industrial Oil Market Y-o-Y Growth Projections by End Use, 2022 - 2032
Figure 63: Europe Industrial Oil Market Attractiveness Analysis by End Use, 2022-2032
Figure 64: East Asia Industrial Oil Market Share and BPS Analysis by Country – 2022 & 2032
Figure 65: East Asia Industrial Oil Market Y-o-Y Growth Projections by Country, 2022 - 2032
Figure 66: East Asia Industrial Oil Market Attractiveness Analysis by Country, 2022-2032
Figure 67: East Asia Industrial Oil Market Share and BPS Analysis by Type – 2022 & 2032
Figure 68: East Asia Industrial Oil Market Y-o-Y Growth Projections by Type, 2022 - 2032
Figure 69: East Asia Industrial Oil Market Attractiveness Analysis by Type, 2022-2032
Figure 70: East Asia Industrial Oil Market Share and BPS Analysis by Oil Type – 2022 & 2032
Figure 71: East Asia Industrial Oil Market Y-o-Y Growth Projections by Oil Type, 2022 - 2032
Figure 72: East Asia Industrial Oil Market Attractiveness Analysis by Oil Type, 2022-2032
Figure 73: East Asia Industrial Oil Market Share and BPS Analysis By Source– 2022 & 2032
Figure 74: East Asia Industrial Oil Market Y-o-Y Growth Projections By Source, 2022 - 2032
Figure 75: East Asia Industrial Oil Market Attractiveness Analysis by Source, 2022-2032
Figure 76: East Asia Industrial Oil Market Share and BPS Analysis by End Use – 2022 & 2032
Figure 77: East Asia Industrial Oil Market Y-o-Y Growth Projections by End Use, 2022 - 2032
Figure 78: East Asia Industrial Oil Market Attractiveness Analysis by End Use, 2022-2032
Figure 79: SAPeI Industrial Oil Market Share and BPS Analysis by Country – 2022 & 2032
Figure 80: SAPeI Industrial Oil Market Y-o-Y Growth Projections by Country, 2022 - 2032
Figure 81: SAPeI Industrial Oil Market Attractiveness Analysis by Country, 2022-2032
Figure 82: SAPeI Industrial Oil Market Share and BPS Analysis by Type – 2022 & 2032
Figure 83: SAPeI Industrial Oil Market Y-o-Y Growth Projections by Type, 2022 - 2032
Figure 84: SAPeI Industrial Oil Market Attractiveness Analysis by Type, 2022-2032
Figure 85: SAPeI Industrial Oil Market Share and BPS Analysis by Oil Type – 2022 & 2032
Figure 86: SAPeI Industrial Oil Market Y-o-Y Growth Projections by Oil Type, 2022 - 2032
Figure 87: SAPeI Industrial Oil Market Attractiveness Analysis by Oil Type, 2022-2032
Figure 88: SAPeI Industrial Oil Market Share and BPS Analysis By Source– 2022 & 2032
Figure 89: SAPeI Industrial Oil Market Y-o-Y Growth Projections By Source, 2022 - 2032
Figure 90: SAPeI Industrial Oil Market Attractiveness Analysis by Source, 2022-2032
Figure 91: SAPeI Industrial Oil Market Share and BPS Analysis by End Use – 2022 & 2032
Figure 92: SAPeI Industrial Oil Market Y-o-Y Growth Projections by End Use, 2022 - 2032
Figure 93: SAPeI Industrial Oil Market Attractiveness Analysis by End Use, 2022-2032
Figure 94: MEA Industrial Oil Market Share and BPS Analysis by Country – 2022 & 2032
Figure 95: MEA Industrial Oil Market Y-o-Y Growth Projections by Country, 2022 - 2032
Figure 96: MEA Industrial Oil Market Attractiveness Analysis by Country, 2022-2032
Figure 97: MEA Industrial Oil Market Share and BPS Analysis by Type – 2022 & 2032
Figure 98: MEA Industrial Oil Market Y-o-Y Growth Projections by Type, 2022 - 2032
Figure 99: MEA Industrial Oil Market Attractiveness Analysis by Type, 2022-2032
Figure 100: MEA Industrial Oil Market Share and BPS Analysis by Oil Type – 2022 & 2032
Figure 101: MEA Industrial Oil Market Y-o-Y Growth Projections by Oil Type, 2022 - 2032
Figure 102: MEA Industrial Oil Market Attractiveness Analysis by Oil Type, 2022-2032
Figure 103: MEA Industrial Oil Market Share and BPS Analysis By Source– 2022 & 2032
Figure 104: MEA Industrial Oil Market Y-o-Y Growth Projections By Source, 2022 - 2032
Figure 105: MEA Industrial Oil Market Attractiveness Analysis by Source, 2022-2032
Figure 106: MEA Industrial Oil Market Share and BPS Analysis by End Use – 2022 & 2032
Figure 107: MEA Industrial Oil Market Y-o-Y Growth Projections by End Use, 2022 - 2032
Figure 108: MEA Industrial Oil Market Attractiveness Analysis by End Use, 2022-2032
Figure 109: India Industrial Oil Market Share and BPS Analysis by Type – 2022 & 2032
Figure 110: India Industrial Oil Market Y-o-Y Growth Projections by Type, 2022 - 2032
Figure 111: India Industrial Oil Market Attractiveness Analysis by Type, 2022-2032
Figure 112: India Industrial Oil Market Share and BPS Analysis by Oil Type – 2022 & 2032
Figure 113: India Industrial Oil Market Y-o-Y Growth Projections by Oil Type, 2022 - 2032
Figure 114: India Industrial Oil Market Attractiveness Analysis by Oil Type, 2022-2032
Figure 115: India Industrial Oil Market Share and BPS Analysis By Source– 2022 & 2032
Figure 116: India Industrial Oil Market Y-o-Y Growth Projections By Source, 2022 - 2032
Figure 117: India Industrial Oil Market Attractiveness Analysis by Source, 2022-2032
Figure 118: India Industrial Oil Market Share and BPS Analysis by End Use – 2022 & 2032
Figure 119: India Industrial Oil Market Y-o-Y Growth Projections by End Use, 2022 - 2032
Figure 120: India Industrial Oil Market Attractiveness Analysis by End Use, 2022-2032
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