The Report Cube which is one of the leading market research company in UAE expects the Industrial Lubricants Market to grow at a CAGR of around 4.73% through 2032, as highlighted in their latest research report. The study provides an in-depth analysis of the emerging trends shaping the Industrial Lubricants Market and offers detailed forecasts for its potential growth during 2026–2032. The report also presents a comprehensive assessment of the competitive landscape, including profiles of leading players, their performance metrics, and recent strategic developments. Additionally, it explores the key market drivers, challenges, opportunities, and provides insights into historical and future revenue trends at the global, regional, and country levels.

Industrial Lubricants Market Overview:                                     

Market Size (2025): USD 69.12 Billion
Market Size (2032): USD 91.21 Billion
CAGR (2026–2032): 4.73%
Top Companies in Industrial Lubricants Market: Exxonmobil Corp, Fuchs Group, The Lubrizol Corporation, Royal Dutch Shell, Phillips 66, Lucas Oil Products Inc., Amsoil, Inc., Bel-Ray Co. Inc., Total S.A., Kluber Lubrication, Valvoline International Inc., Chevron Corp., Clariant, Quaker Chemical Corp., Houghton International Inc.

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Industrial Lubricants Market Recent News and Developments:

2025:

ExxonMobil Corp declared an investment of about USD 110 million in a new lubricant production plant in Maharashtra, India. The facility is predicted to make about 159,000 kiloliters of lubricants annually, targeting commercial startup.

Key Growth Drivers of the Industrial Lubricants Market:

Driver: Growth of Manufacturing & Industrial Sectors to Drive the Market Demand

The global increase in production activities, specifically in emerging economies, is a substantial driver for the Industrial Lubricants Market. Also, swift industrialization, urbanization, and infrastructure advancement have resulted in an augmented machinery & equipment usage, therefore motivating the demand for lubricants. Moreover, industries, including automotive, construction, and power generation, are observing considerable expansion, needing considerable quantities of lubricants for heavy-duty machinery.

Industrial Lubricants Market Segmentation

The industrial lubricants market is segmented by base oil, form, end user, and region. Mineral oil dominates the base oil segment, while synthetic and bio-based oils are growing for their performance and sustainability. Among forms, hydraulic fluids lead due to wide industrial use. By end user, construction and metal & mining sectors account for the largest share. Regionally, Asia-Pacific dominates, followed by North America and Europe, with South America and the Middle East & Africa showing steady growth.

  • Market Share, By Base Oil
    • Mineral Oil
    • Synthetic Oil
    • Bio-based Oil
  • Market Share, By Form
    • Hydraulic Fluid
    • Metal Working Fluid
    • Gear Oil
    • Grease
    • Others

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  • Market Share, By End User
    • Construction
    • Metal & Mining
    • Power Generation
    • Food Processing
  • Market Share, By Region
    • North America
    • South America
    • Europe
    • The Middle East & Africa
    • Asia-Pacific

Note:
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About The Report Cube

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