Delray Beach, FL, June 15, 2025 (GLOBE NEWSWIRE) — In terms of value, the Industrial Lubricants Market size was USD 63.9 billion in 2024 and is projected to reach USD 74.3 billion by 2029, at a CAGR of 3.1%, between 2024 and 2029, as per the recent study by MarketsandMarkets™. The market is projected to grow because of growing demand for processed foods, mounting demand from construction, agriculture, mining and marine industries and growing automation in end-use industries. These industrial lubricants play a crucial role in various applications in various end-use industries such as construction, power generation and others. In addition, due to the increasing population, increasing demand for renewable energy, technological advancements and changing consumer preferences the demand for industrial lubricants can increase due to various applications.
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Browse in-depth TOC on “Industrial Lubricants Market”
388 – Market Data Tables
59 – Figures
327 – Pages
List of Key Players in Industrial Lubricants Market:
- Shell plc (UK)
- Exxon Mobil Corporation (US)
- BP p.l.c. (UK)
- Chevron Corporation (US)
- TotalEnergies SE (France)
- PetroChina Company Limited (China)
- ENEOS Holdings, Inc. (Japan)
- China Petroleum & Chemical Corporation (China)
- Idemitsu Kosan Co., Ltd. (Japan)
Drivers, Opportunities and Challenges in Industrial Lubricants Market:
- Drivers: Mounting demand from construction, mining, agriculture, and marine industries across worldwide
- Restraint: Strict environmental norms
- Opportunity: Growing demand for renewable energy
- Challenge: Fluctuating prices of …