Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global General Industrial Oil Market by Type (Turbine Oil, Refrigeration Compressor Oil, Electrical Oil, Heat Transfer Oil, Other), By Application (Power, Chemicals, Metallurgy & Metal Working, Food & Beverage, Automotive, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global General Industrial Oil Market by Type (Turbine Oil, Refrigeration Compressor Oil, Electrical Oil, Heat Transfer Oil, Other), By Application (Power, Chemicals, Metallurgy & Metal Working, Food & Beverage, Automotive, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 144673 3300 Chemical & Material 377 237 Pages 4.6 (31)
                                          

Market Overview:


The global general industrial oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for general industrial oils from various end-use industries, such as power, chemicals, metallurgy & metal working, food & beverage, automotive and others. In terms of type, turbine oil is expected to hold the largest share in the global general industrial oil market during the forecast period. This can be attributed to its properties such as high viscosity index and thermal stability that make it suitable for use in turbines operating under high temperatures and pressures.


Global General Industrial Oil Industry Outlook


Product Definition:


General industrial oil is a lubricant that is used in a variety of industries. It can be used to lubricate machinery, reduce friction, and protect against wear and tear. General industrial oil is important because it helps machines run more smoothly and efficiently.


Turbine Oil:


Turbine oil is the by-product formed in the process of turbine operation. It is a semi solid, waxy substance which remains as a by product and flows out with the sludge from the blades. Turbine oils are specially designed for lubricating heavy industrial equipment such as turbines, pumps and other machinery used in power plants.


Refrigeration Compressor Oil:


Refrigeration compressor oil is a special type of hydraulic fluid used to cool the compressors in refrigeration units. It protects them from damage and keeps the unit clean for efficient working. The refrigerant in these systems is usually ammonia, carbon dioxide or water vapor. Refrigeration compressor oils are specially formulated to provide maximum protection for a long period and work effectively even at high temperatures.


Application Insights:


The power application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growth can be attributed to factors such as growing demand for gas turbines across various industries, rapid urbanization, increasing electricity generation from hydroelectric plants and coal-fired power stations, and rising per capita consumption of energy.


Chemicals was another prominent segment accounting for a significant market share in 2017. Chemicals are used in various end-use industries including oil & gas, food & beverage, pharmaceuticals among others owing to their specific properties required by these sectors. For instance; chemical additives are added during production of fertilizers & pesticides due to which these products become more effective than natural ingredients do on their own. This has resulted in increased product penetration within this sector over the past few years resulting in high industry growth potentialities during the forecast period  2030 AGIOK).


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising industrial activities in countries, such as China, India, Japan, South Korea and Taiwan. In addition, increasing foreign investments coupled with favorable government policies are anticipated to fuel regional product demand.


The Asia Pacific has been witnessing robust economic growth on account of rapid industrialization along with growing exports from major economies including China and India. Rapid urbanization has resulted in an increased requirement for energy-efficient products which is further likely to augment product demand over the coming years.


Growth Factors:


  • Increasing demand from the automotive and transportation sector
  • Growing demand for industrial lubricants in developing countries
  • Rising investment in manufacturing and infrastructure sectors
  • Proliferation of new technologies and their adoption in industrial processes
  • Stringent environmental regulations to promote use of cleaner fuels

Scope Of The Report

Report Attributes

Report Details

Report Title

General Industrial Oil Market Research Report

By Type

Turbine Oil, Refrigeration Compressor Oil, Electrical Oil, Heat Transfer Oil, Other

By Application

Power, Chemicals, Metallurgy & Metal Working, Food & Beverage, Automotive, Other

By Companies

Lubrita, Paras Lubricants, Apar Industries, Eastern Petroleum, Repsol, Castrol Limited, ExxonMobil, Shell, Arabol Lubricants, Arabian Petroleum, HP Lubricants, Aarna Lube, BASF, Tashoil Company, Sinopec, Chevron

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

237

Number of Tables & Figures

166

Customization Available

Yes, the report can be customized as per your need.


Global General Industrial Oil Market Report Segments:

The global General Industrial Oil market is segmented on the basis of:

Types

Turbine Oil, Refrigeration Compressor Oil, Electrical Oil, Heat Transfer Oil, Other

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Power, Chemicals, Metallurgy & Metal Working, Food & Beverage, Automotive, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Lubrita
  2. Paras Lubricants
  3. Apar Industries
  4. Eastern Petroleum
  5. Repsol
  6. Castrol Limited
  7. ExxonMobil
  8. Shell
  9. Arabol Lubricants
  10. Arabian Petroleum
  11. HP Lubricants
  12. Aarna Lube
  13. BASF
  14. Tashoil Company
  15. Sinopec
  16. Chevron

Global General Industrial Oil Market Overview


Highlights of The General Industrial Oil Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Turbine Oil
    2. Refrigeration Compressor Oil
    3. Electrical Oil
    4. Heat Transfer Oil
    5. Other
  1. By Application:

    1. Power
    2. Chemicals
    3. Metallurgy & Metal Working
    4. Food & Beverage
    5. Automotive
    6. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the General Industrial Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global General Industrial Oil Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


General industrial oil is a type of oil that is used in a variety of industrial applications. It is typically used in engines, machines, and other equipment.

Some of the major players in the general industrial oil market are Lubrita, Paras Lubricants, Apar Industries, Eastern Petroleum, Repsol, Castrol Limited, ExxonMobil, Shell, Arabol Lubricants, Arabian Petroleum, HP Lubricants, Aarna Lube, BASF, Tashoil Company, Sinopec, Chevron.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. General Industrial Oil Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. General Industrial Oil Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. General Industrial Oil Market - Supply Chain
   4.5. Global General Industrial Oil Market Forecast
      4.5.1. General Industrial Oil Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. General Industrial Oil Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. General Industrial Oil Market Absolute $ Opportunity

5. Global General Industrial Oil Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. General Industrial Oil Market Size and Volume Forecast by Type
      5.3.1. Turbine Oil
      5.3.2. Refrigeration Compressor Oil
      5.3.3. Electrical Oil
      5.3.4. Heat Transfer Oil
      5.3.5. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global General Industrial Oil Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. General Industrial Oil Market Size and Volume Forecast by Application
      6.3.1. Power
      6.3.2. Chemicals
      6.3.3. Metallurgy & Metal Working
      6.3.4. Food & Beverage
      6.3.5. Automotive
      6.3.6. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global General Industrial Oil Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. General Industrial Oil Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global General Industrial Oil Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. General Industrial Oil Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global General Industrial Oil Demand Share Forecast, 2019-2026

9. North America General Industrial Oil Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America General Industrial Oil Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America General Industrial Oil Market Size and Volume Forecast by Application
      9.4.1. Power
      9.4.2. Chemicals
      9.4.3. Metallurgy & Metal Working
      9.4.4. Food & Beverage
      9.4.5. Automotive
      9.4.6. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America General Industrial Oil Market Size and Volume Forecast by Type
      9.7.1. Turbine Oil
      9.7.2. Refrigeration Compressor Oil
      9.7.3. Electrical Oil
      9.7.4. Heat Transfer Oil
      9.7.5. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America General Industrial Oil Demand Share Forecast, 2019-2026

10. Latin America General Industrial Oil Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America General Industrial Oil Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America General Industrial Oil Market Size and Volume Forecast by Application
      10.4.1. Power
      10.4.2. Chemicals
      10.4.3. Metallurgy & Metal Working
      10.4.4. Food & Beverage
      10.4.5. Automotive
      10.4.6. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America General Industrial Oil Market Size and Volume Forecast by Type
      10.7.1. Turbine Oil
      10.7.2. Refrigeration Compressor Oil
      10.7.3. Electrical Oil
      10.7.4. Heat Transfer Oil
      10.7.5. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America General Industrial Oil Demand Share Forecast, 2019-2026

11. Europe General Industrial Oil Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe General Industrial Oil Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe General Industrial Oil Market Size and Volume Forecast by Application
      11.4.1. Power
      11.4.2. Chemicals
      11.4.3. Metallurgy & Metal Working
      11.4.4. Food & Beverage
      11.4.5. Automotive
      11.4.6. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe General Industrial Oil Market Size and Volume Forecast by Type
      11.7.1. Turbine Oil
      11.7.2. Refrigeration Compressor Oil
     11.7.3. Electrical Oil
      11.7.4. Heat Transfer Oil
      11.7.5. Other
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe General Industrial Oil Demand Share, 2019-2026

12. Asia Pacific General Industrial Oil Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific General Industrial Oil Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific General Industrial Oil Market Size and Volume Forecast by Application
      12.4.1. Power
      12.4.2. Chemicals
      12.4.3. Metallurgy & Metal Working
      12.4.4. Food & Beverage
      12.4.5. Automotive
      12.4.6. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific General Industrial Oil Market Size and Volume Forecast by Type
      12.7.1. Turbine Oil
      12.7.2. Refrigeration Compressor Oil
      12.7.3. Electrical Oil
      12.7.4. Heat Transfer Oil
      12.7.5. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific General Industrial Oil Demand Share, 2019-2026

13. Middle East & Africa General Industrial Oil Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa General Industrial Oil Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa General Industrial Oil Market Size and Volume Forecast by Application
      13.4.1. Power
      13.4.2. Chemicals
      13.4.3. Metallurgy & Metal Working
      13.4.4. Food & Beverage
      13.4.5. Automotive
      13.4.6. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa General Industrial Oil Market Size and Volume Forecast by Type
      13.7.1. Turbine Oil
      13.7.2. Refrigeration Compressor Oil
      13.7.3. Electrical Oil
      13.7.4. Heat Transfer Oil
      13.7.5. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa General Industrial Oil Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global General Industrial Oil Market: Market Share Analysis
   14.2. General Industrial Oil Distributors and Customers
   14.3. General Industrial Oil Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Lubrita
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Paras Lubricants
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Apar Industries
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Eastern Petroleum
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Repsol
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Castrol Limited
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. ExxonMobil
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Shell
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Arabol Lubricants
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Arabian Petroleum
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. HP Lubricants
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Aarna Lube
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. BASF
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Tashoil Company
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Sinopec
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Chevron
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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