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Global Industrial Synthetic Lubricants Market Research Report 2025
Synopsis
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.
Global Industrial Synthetic Lubricants market is projected to reach US$ 21940 million in 2029, increasing from US$ 17230 million in 2022, with the CAGR of 3.4% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Industrial Synthetic Lubricants market research.
Synthetic lubricants consist of thickeners, synthetic base oils and additives. They have advantages over many mineral fats. The global synthetic grease market is expected to expand significantly over the forecast period owing to numerous factors. Improved properties of synthetic lubricating oils, such as ability to control temperature by absorbing heat generated by moving vehicle components and transferring it to cooler or oil sump, are responsible for market expansion. This has spurred demand from end-use industries such as the automotive and industrial machinery and equipment industries. The demand for the product in Asia Pacific is also expected to increase owing to rising vehicle production and installation of new machinery. Demand for synthetic lubricants is also growing due to technological advancements, such as the adoption of NSF food lubricant standards by major equipment manufacturers in the food industry. Manufacturers are utilizing a variety of equipment that operates at high temperatures and pressures to create new products and technologies.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Industrial Synthetic Lubricants market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
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
Segment by Type
Hydraulic Fluid
Gear Oil
Compressor Oil
Turbine Oil
Others
Segment by Application
Food Processing
Automotive
Oil & Gas
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Industrial Synthetic Lubricants report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
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.
Global Industrial Synthetic Lubricants market is projected to reach US$ 21940 million in 2029, increasing from US$ 17230 million in 2022, with the CAGR of 3.4% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Industrial Synthetic Lubricants market research.
Synthetic lubricants consist of thickeners, synthetic base oils and additives. They have advantages over many mineral fats. The global synthetic grease market is expected to expand significantly over the forecast period owing to numerous factors. Improved properties of synthetic lubricating oils, such as ability to control temperature by absorbing heat generated by moving vehicle components and transferring it to cooler or oil sump, are responsible for market expansion. This has spurred demand from end-use industries such as the automotive and industrial machinery and equipment industries. The demand for the product in Asia Pacific is also expected to increase owing to rising vehicle production and installation of new machinery. Demand for synthetic lubricants is also growing due to technological advancements, such as the adoption of NSF food lubricant standards by major equipment manufacturers in the food industry. Manufacturers are utilizing a variety of equipment that operates at high temperatures and pressures to create new products and technologies.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Industrial Synthetic Lubricants market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
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
Segment by Type
Hydraulic Fluid
Gear Oil
Compressor Oil
Turbine Oil
Others
Segment by Application
Food Processing
Automotive
Oil & Gas
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Industrial Synthetic Lubricants report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index1 Industrial Synthetic Lubricants Market Overview
1.1 Product Definition
1.2 Industrial Synthetic Lubricants Segment by Type
1.2.1 Global Industrial Synthetic Lubricants Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Hydraulic Fluid
1.2.3 Gear Oil
1.2.4 Compressor Oil
1.2.5 Turbine Oil
1.2.6 Others
1.3 Industrial Synthetic Lubricants Segment by Application
1.3.1 Global Industrial Synthetic Lubricants Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Food Processing
1.3.3 Automotive
1.3.4 Oil & Gas
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Industrial Synthetic Lubricants Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Industrial Synthetic Lubricants Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Industrial Synthetic Lubricants Production Estimates and Forecasts (2018-2029)
1.4.4 Global Industrial Synthetic Lubricants Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Industrial Synthetic Lubricants Production Market Share by Manufacturers (2018-2023)
2.2 Global Industrial Synthetic Lubricants Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Industrial Synthetic Lubricants, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Industrial Synthetic Lubricants Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Industrial Synthetic Lubricants Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Industrial Synthetic Lubricants, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Industrial Synthetic Lubricants, Product Offered and Application
2.8 Global Key Manufacturers of Industrial Synthetic Lubricants, Date of Enter into This Industry
2.9 Industrial Synthetic Lubricants Market Competitive Situation and Trends
2.9.1 Industrial Synthetic Lubricants Market Concentration Rate
2.9.2 Global 5 and 10 Largest Industrial Synthetic Lubricants Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Industrial Synthetic Lubricants Production by Region
3.1 Global Industrial Synthetic Lubricants Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Industrial Synthetic Lubricants Production Value by Region (2018-2029)
3.2.1 Global Industrial Synthetic Lubricants Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Industrial Synthetic Lubricants by Region (2024-2029)
3.3 Global Industrial Synthetic Lubricants Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Industrial Synthetic Lubricants Production by Region (2018-2029)
3.4.1 Global Industrial Synthetic Lubricants Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Industrial Synthetic Lubricants by Region (2024-2029)
3.5 Global Industrial Synthetic Lubricants Market Price Analysis by Region (2018-2023)
3.6 Global Industrial Synthetic Lubricants Production and Value, Year-over-Year Growth
3.6.1 North America Industrial Synthetic Lubricants Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Industrial Synthetic Lubricants Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Industrial Synthetic Lubricants Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Industrial Synthetic Lubricants Production Value Estimates and Forecasts (2018-2029)
4 Industrial Synthetic Lubricants Consumption by Region
4.1 Global Industrial Synthetic Lubricants Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Industrial Synthetic Lubricants Consumption by Region (2018-2029)
4.2.1 Global Industrial Synthetic Lubricants Consumption by Region (2018-2023)
4.2.2 Global Industrial Synthetic Lubricants Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Industrial Synthetic Lubricants Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Industrial Synthetic Lubricants Consumption by Country (2018-2029)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Industrial Synthetic Lubricants Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Industrial Synthetic Lubricants Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Industrial Synthetic Lubricants Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Industrial Synthetic Lubricants Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Industrial Synthetic Lubricants Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Industrial Synthetic Lubricants Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Industrial Synthetic Lubricants Production by Type (2018-2029)
5.1.1 Global Industrial Synthetic Lubricants Production by Type (2018-2023)
5.1.2 Global Industrial Synthetic Lubricants Production by Type (2024-2029)
5.1.3 Global Industrial Synthetic Lubricants Production Market Share by Type (2018-2029)
5.2 Global Industrial Synthetic Lubricants Production Value by Type (2018-2029)
5.2.1 Global Industrial Synthetic Lubricants Production Value by Type (2018-2023)
5.2.2 Global Industrial Synthetic Lubricants Production Value by Type (2024-2029)
5.2.3 Global Industrial Synthetic Lubricants Production Value Market Share by Type (2018-2029)
5.3 Global Industrial Synthetic Lubricants Price by Type (2018-2029)
6 Segment by Application
6.1 Global Industrial Synthetic Lubricants Production by Application (2018-2029)
6.1.1 Global Industrial Synthetic Lubricants Production by Application (2018-2023)
6.1.2 Global Industrial Synthetic Lubricants Production by Application (2024-2029)
6.1.3 Global Industrial Synthetic Lubricants Production Market Share by Application (2018-2029)
6.2 Global Industrial Synthetic Lubricants Production Value by Application (2018-2029)
6.2.1 Global Industrial Synthetic Lubricants Production Value by Application (2018-2023)
6.2.2 Global Industrial Synthetic Lubricants Production Value by Application (2024-2029)
6.2.3 Global Industrial Synthetic Lubricants Production Value Market Share by Application (2018-2029)
6.3 Global Industrial Synthetic Lubricants Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Royal Dutch Shell
7.1.1 Royal Dutch Shell Industrial Synthetic Lubricants Corporation Information
7.1.2 Royal Dutch Shell Industrial Synthetic Lubricants Product Portfolio
7.1.3 Royal Dutch Shell Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Royal Dutch Shell Main Business and Markets Served
7.1.5 Royal Dutch Shell Recent Developments/Updates
7.2 Royal Purple
7.2.1 Royal Purple Industrial Synthetic Lubricants Corporation Information
7.2.2 Royal Purple Industrial Synthetic Lubricants Product Portfolio
7.2.3 Royal Purple Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Royal Purple Main Business and Markets Served
7.2.5 Royal Purple Recent Developments/Updates
7.3 ExxonMobil
7.3.1 ExxonMobil Industrial Synthetic Lubricants Corporation Information
7.3.2 ExxonMobil Industrial Synthetic Lubricants Product Portfolio
7.3.3 ExxonMobil Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.3.4 ExxonMobil Main Business and Markets Served
7.3.5 ExxonMobil Recent Developments/Updates
7.4 Henkel
7.4.1 Henkel Industrial Synthetic Lubricants Corporation Information
7.4.2 Henkel Industrial Synthetic Lubricants Product Portfolio
7.4.3 Henkel Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Henkel Main Business and Markets Served
7.4.5 Henkel Recent Developments/Updates
7.5 BP
7.5.1 BP Industrial Synthetic Lubricants Corporation Information
7.5.2 BP Industrial Synthetic Lubricants Product Portfolio
7.5.3 BP Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.5.4 BP Main Business and Markets Served
7.5.5 BP Recent Developments/Updates
7.6 Chevron
7.6.1 Chevron Industrial Synthetic Lubricants Corporation Information
7.6.2 Chevron Industrial Synthetic Lubricants Product Portfolio
7.6.3 Chevron Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Chevron Main Business and Markets Served
7.6.5 Chevron Recent Developments/Updates
7.7 Total S.A.
7.7.1 Total S.A. Industrial Synthetic Lubricants Corporation Information
7.7.2 Total S.A. Industrial Synthetic Lubricants Product Portfolio
7.7.3 Total S.A. Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Total S.A. Main Business and Markets Served
7.7.5 Total S.A. Recent Developments/Updates
7.8 PetroChina Company
7.8.1 PetroChina Company Industrial Synthetic Lubricants Corporation Information
7.8.2 PetroChina Company Industrial Synthetic Lubricants Product Portfolio
7.8.3 PetroChina Company Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.8.4 PetroChina Company Main Business and Markets Served
7.7.5 PetroChina Company Recent Developments/Updates
7.9 Idemitsu Kosan
7.9.1 Idemitsu Kosan Industrial Synthetic Lubricants Corporation Information
7.9.2 Idemitsu Kosan Industrial Synthetic Lubricants Product Portfolio
7.9.3 Idemitsu Kosan Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Idemitsu Kosan Main Business and Markets Served
7.9.5 Idemitsu Kosan Recent Developments/Updates
7.10 Sinopec
7.10.1 Sinopec Industrial Synthetic Lubricants Corporation Information
7.10.2 Sinopec Industrial Synthetic Lubricants Product Portfolio
7.10.3 Sinopec Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Sinopec Main Business and Markets Served
7.10.5 Sinopec Recent Developments/Updates
7.11 Klüber Lubrication
7.11.1 Klüber Lubrication Industrial Synthetic Lubricants Corporation Information
7.11.2 Klüber Lubrication Industrial Synthetic Lubricants Product Portfolio
7.11.3 Klüber Lubrication Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Klüber Lubrication Main Business and Markets Served
7.11.5 Klüber Lubrication Recent Developments/Updates
7.12 FUCHS
7.12.1 FUCHS Industrial Synthetic Lubricants Corporation Information
7.12.2 FUCHS Industrial Synthetic Lubricants Product Portfolio
7.12.3 FUCHS Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.12.4 FUCHS Main Business and Markets Served
7.12.5 FUCHS Recent Developments/Updates
7.13 Valvoline
7.13.1 Valvoline Industrial Synthetic Lubricants Corporation Information
7.13.2 Valvoline Industrial Synthetic Lubricants Product Portfolio
7.13.3 Valvoline Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.13.4 Valvoline Main Business and Markets Served
7.13.5 Valvoline Recent Developments/Updates
7.14 Super Lube
7.14.1 Super Lube Industrial Synthetic Lubricants Corporation Information
7.14.2 Super Lube Industrial Synthetic Lubricants Product Portfolio
7.14.3 Super Lube Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.14.4 Super Lube Main Business and Markets Served
7.14.5 Super Lube Recent Developments/Updates
7.15 Clariant
7.15.1 Clariant Industrial Synthetic Lubricants Corporation Information
7.15.2 Clariant Industrial Synthetic Lubricants Product Portfolio
7.15.3 Clariant Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.15.4 Clariant Main Business and Markets Served
7.15.5 Clariant Recent Developments/Updates
7.16 NEO Synthetic Oil
7.16.1 NEO Synthetic Oil Industrial Synthetic Lubricants Corporation Information
7.16.2 NEO Synthetic Oil Industrial Synthetic Lubricants Product Portfolio
7.16.3 NEO Synthetic Oil Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.16.4 NEO Synthetic Oil Main Business and Markets Served
7.16.5 NEO Synthetic Oil Recent Developments/Updates
7.17 Quaker
7.17.1 Quaker Industrial Synthetic Lubricants Corporation Information
7.17.2 Quaker Industrial Synthetic Lubricants Product Portfolio
7.17.3 Quaker Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.17.4 Quaker Main Business and Markets Served
7.17.5 Quaker Recent Developments/Updates
7.18 SFR
7.18.1 SFR Industrial Synthetic Lubricants Corporation Information
7.18.2 SFR Industrial Synthetic Lubricants Product Portfolio
7.18.3 SFR Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.18.4 SFR Main Business and Markets Served
7.18.5 SFR Recent Developments/Updates
7.19 Unique Technologies Associates
7.19.1 Unique Technologies Associates Industrial Synthetic Lubricants Corporation Information
7.19.2 Unique Technologies Associates Industrial Synthetic Lubricants Product Portfolio
7.19.3 Unique Technologies Associates Industrial Synthetic Lubricants Production, Value, Price and Gross Margin (2018-2023)
7.19.4 Unique Technologies Associates Main Business and Markets Served
7.19.5 Unique Technologies Associates Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Industrial Synthetic Lubricants Industry Chain Analysis
8.2 Industrial Synthetic Lubricants Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Industrial Synthetic Lubricants Production Mode & Process
8.4 Industrial Synthetic Lubricants Sales and Marketing
8.4.1 Industrial Synthetic Lubricants Sales Channels
8.4.2 Industrial Synthetic Lubricants Distributors
8.5 Industrial Synthetic Lubricants Customers
9 Industrial Synthetic Lubricants Market Dynamics
9.1 Industrial Synthetic Lubricants Industry Trends
9.2 Industrial Synthetic Lubricants Market Drivers
9.3 Industrial Synthetic Lubricants Market Challenges
9.4 Industrial Synthetic Lubricants Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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