[Latest] Global Industrial Lubricant Market Size/Share Worth USD 42.45 Billion by 2034 at a 5.12% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)

Austin, TX, USA, Aug. 13, 2025 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Industrial Lubricant Market Size, Trends and Insights By Type (Conventional, Synthetic, Bio-based/re-refined., Others), By Application (Manufacturing, Transportation Equipment, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034“ in its research database.

“According to the latest research study, the demand of global Industrial Lubricant Market size & share was valued at approximately USD 25.76 Billion in 2024 and is expected to reach USD 26.03 Billion in 2025 and is expected to reach a value of around USD 42.45 Billion by 2034, at a compound annual growth rate (CAGR) of about 5.12% during the forecast period 2025 to 2034.”

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Industrial Lubricant Market Overview

According to industry experts at CMI, the implementation of new strategies and technologies by manufacturers presents lucrative opportunities for players in the Industrial Lubricant Market during the forecast period. Furthermore, the growing significance of organized retailing is expected to drive the future growth of the market.

Industrial Lubricant Market Growth Factors and Dynamics

• Driving Industrial Automation and Heavy Equipment Demand: Manufacturers are heavily investing in robotics, industrial automation, and advanced manufacturing technologies, all of which need high-performance lubricants to operate smoothly. Heavy equipment employed in the steel, automotive, construction, and mining sectors works under harsh conditions and needs specialized lubricants to reduce friction, wear, and energy loss. For example, Germany’s and Japan’s computerized car plants rely on synthetic and high-temperature lubricants to ensure production continuity. With industries embracing intelligent manufacturing practices, there will be an enormous demand for lubricants with uses for automated machinery, propelling the growth of the market.

• Development of the Manufacturing Sector of Developing Nations: Developing nations like China, India, Brazil, and Vietnam have witnessed remarkable manufacturing sector growth through the pro-manufacturing policies followed by their government and foreign capital. Industrial lubricants play an important role in sustaining machinery functionality and ease of operation and the efficiency of the textile, electronics, and metal production industries. For example, India’s “Make in India” initiative has accelerated the construction of new factories, thereby boosting the usage of lubricants. As developing markets strengthen their manufacturing base, the lubricant market will witness consistent and strong demand.

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Industrial Lubricant Market Restraints

• Volatility in Raw Material Prices: Manufacturers are facing the constant challenge of crude oil shortage and chemical feedstock volatility in lubricant formulation. This volatility increases the cost of production, resulting in tightened profit margins and potentially higher end-user prices. Ultimately, it would hold the key to curtailing market growth.

• Environmental Regulations and Sustainability Pressures: Government agencies in Asia Pacific, North America, and the EU have implemented strict controls on emissions, the use of chemicals, and disposal methods. Compliance with these environmental regulations forces companies to invest significant amounts of capital in producing cleaner products, significantly increasing research, development, and production expenses.

Industrial Lubricant Market Trends

• Development of High-Performance Synthetic Lubricants: Synthetic lubricants are quickly gaining popularity because of their higher thermal stability, oxidation resistance, and longer drain intervals. Companies are launching synthetic products tailored for high-load, high-temperature industrial use, enhancing operational efficiency in industries like aerospace and heavy manufacturing.

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