Market Overview:
The global bearing oil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for bearings in various industries, such as automotive, aerospace & defense, and industrial. Moreover, the growing awareness about the benefits of using bearing oils is also contributing to the growth of this market. Based on type, diester oil is expected to lead the global bearing oil market during the forecast period. This can be attributed to its properties such as high thermal stability and low volatility that make it suitable for use in high-temperature applications.
Product Definition:
Bearing oil is a type of lubricant that is used to reduce friction between two surfaces. It is typically used in bearings, which are devices that allow rotational or linear movement between two parts. Bearing oil can help to improve the performance and life of bearings by reducing wear and tear.
Diester Oil:
Diester oil is a special type of vegetable oil that contains esters. It has high flash point and low smoke point. Diester oils are used in various applications such as metal working, hydraulic fluids, fuel additives and lubricants among others.
Siloxane Polymer:
Siloxane polymer is a type of synthetic oil that is used in the manufacturing of bearing oils. It has high viscosity, low flash point and contains additives to improve lubrication. Siloxane polymers are manufactured by the catalytic oxidation of silica with the help of sulfuric acid or phosphoric acid as a catalyst.
Application Insights:
The automotive radiator cooling fan application segment led the global bearing oil market in 2017. This is attributed to high demand for superior performance, low friction and durability products from various vehicle manufacturers globally. The automotive industry primarily uses metal-to-metal contact bearings that require a lubricant with excellent resistance to heat and pressure, as well as sufficient viscosity range for compatibility with different fluids. These factors are anticipated to drive product demand over the forecast period.
Aircraft bearings oils occupied a significant share in 2017 owing to increasing use of advanced polymers and hybrid electric aircraft engines that generate less noise but consume more fuel due to their greater weight compared with conventional piston engine aircrafts.
Regional Analysis:
Asia Pacific was the largest market in 2016 and accounted for over 40% of the overall revenue. The region is expected to continue its dominance over the forecast period owing to high demand from industrial, automotive, and aerospace sectors. China is one of the major bearing oil consuming countries in this region as it has a well-established industrial sector coupled with rapid urbanization resulting into increased construction activities.
The presence of large number of bearing manufacturers coupled with increasing investments for capacity expansion are some factors that can be attributed towards projected growth during the forecast period. In addition, growing population along with rising living standards have resulted into increased consumer spending on personal goods such as household appliances which will further drive product demand in Asia Pacific Bearing Oils Market (APBO).
Europe was estimated at USD X billion in 2016 and is anticipated to witness steady growth due to stringent regulations regarding synthetic lubricants imposed by European Union (EU).
Growth Factors:
- Increasing demand from the automotive and industrial sectors
- Growing awareness about the benefits of using bearing oil
- Rising investments in research and development for improving bearing oil quality
- Technological advancements in the production of bearing oil
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Bearing Oil Market Research Report
By Type
Diester Oil, Siloxane Polymer, Fluorinated Compound, Other
By Application
Low Speed Instrument Oil, Aircraft Bearings Oil, Automotive Radiator Cooling Fan, High Temperature Motor Bearings, Other
By Companies
Timken, Schaeffler, NACHI-FUJIKOSHI, Minebea, NSK, NTN Corporation, SKF, JTEKT, Timken
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Bearing Oil Market Report Segments:
The global Bearing Oil market is segmented on the basis of:
Types
Diester Oil, Siloxane Polymer, Fluorinated Compound, 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
Low Speed Instrument Oil, Aircraft Bearings Oil, Automotive Radiator Cooling Fan, High Temperature Motor Bearings, 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:
- Timken
- Schaeffler
- NACHI-FUJIKOSHI
- Minebea
- NSK
- NTN Corporation
- SKF
- JTEKT
- Timken
Highlights of The Bearing Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diester Oil
- Siloxane Polymer
- Fluorinated Compound
- Other
- By Application:
- Low Speed Instrument Oil
- Aircraft Bearings Oil
- Automotive Radiator Cooling Fan
- High Temperature Motor Bearings
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bearing 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
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bearing oil is a lubricant that is used to reduce friction between moving parts. It is also used as a coolant and anti-wear agent in various industrial applications.
Some of the key players operating in the bearing oil market are Timken, Schaeffler, NACHI-FUJIKOSHI, Minebea, NSK, NTN Corporation, SKF, JTEKT, Timken.
The bearing oil market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bearing Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bearing Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bearing Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bearing Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bearing Oil Market Size & Forecast, 2020-2028
4.5.1 Bearing Oil Market Size and Y-o-Y Growth
4.5.2 Bearing Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Diester Oil
5.2.2 Siloxane Polymer
5.2.3 Fluorinated Compound
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Low Speed Instrument Oil
6.2.2 Aircraft Bearings Oil
6.2.3 Automotive Radiator Cooling Fan
6.2.4 High Temperature Motor Bearings
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bearing Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bearing Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Diester Oil
9.6.2 Siloxane Polymer
9.6.3 Fluorinated Compound
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Low Speed Instrument Oil
9.10.2 Aircraft Bearings Oil
9.10.3 Automotive Radiator Cooling Fan
9.10.4 High Temperature Motor Bearings
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Diester Oil
10.6.2 Siloxane Polymer
10.6.3 Fluorinated Compound
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Low Speed Instrument Oil
10.10.2 Aircraft Bearings Oil
10.10.3 Automotive Radiator Cooling Fan
10.10.4 High Temperature Motor Bearings
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Diester Oil
11.6.2 Siloxane Polymer
11.6.3 Fluorinated Compound
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Low Speed Instrument Oil
11.10.2 Aircraft Bearings Oil
11.10.3 Automotive Radiator Cooling Fan
11.10.4 High Temperature Motor Bearings
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Diester Oil
12.6.2 Siloxane Polymer
12.6.3 Fluorinated Compound
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Low Speed Instrument Oil
12.10.2 Aircraft Bearings Oil
12.10.3 Automotive Radiator Cooling Fan
12.10.4 High Temperature Motor Bearings
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Diester Oil
13.6.2 Siloxane Polymer
13.6.3 Fluorinated Compound
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Low Speed Instrument Oil
13.10.2 Aircraft Bearings Oil
13.10.3 Automotive Radiator Cooling Fan
13.10.4 High Temperature Motor Bearings
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bearing Oil Market: Competitive Dashboard
14.2 Global Bearing Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Timken
14.3.2 Schaeffler
14.3.3 NACHI-FUJIKOSHI
14.3.4 Minebea
14.3.5 NSK
14.3.6 NTN Corporation
14.3.7 SKF
14.3.8 JTEKT
14.3.9 Timken
