The global industrial grade mineral oil market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 2.2 billion by 2030. The growth of this market is driven by the increasing demand for mineral oil in various industries such as chemistry, textile and petrochemical. The increasing demand for mineral oils in these industries is due to their properties such as low volatility, high viscosity index and low pour point which make them suitable for use in various applications such as lubricants, hydraulic fluids and heat transfer fluids.
The global industrial grade mineral oil market has been segmented on the basis of type into 3#, 5#, 7# and 10# grades; on the basis of application into chemistry, textile and petrochemical; and on the basis of region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
- Increasing demand for lubricants in various industries such as automotive, construction and mining among others are driving the growth of the industrial grade mineral oil market globally .
- Increasing use of synthetic oils in various industries such as automotive, construction and mining among others are also driving the growth of this market globally .
- Growing awareness about environmental issues related to petroleum-based products is also expected to drive this market globally.
Industry Growth Insights published a new data on “Industrial Grade Mineral Oil Market”. The research report is titled “Industrial Grade Mineral Oil Market research by Types (3#, 5#, 7#, 10#, Other), By Applications (Chemistry, Textile, Petrochemical, Other), By Players/Companies Dow Chemical, Eastman Chemical, Petro Canada, BASF, Huntsman, Flowserve, Radco Industries, Clariant, Solutia Inc, Applied Thermal Control, Flowserve Corporation, Huntsman Corporation, Radco Industries”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Grade Mineral Oil Market Research Report
By Type
3#, 5#, 7#, 10#, Other
By Application
Chemistry, Textile, Petrochemical, Other
By Companies
Dow Chemical, Eastman Chemical, Petro Canada, BASF, Huntsman, Flowserve, Radco Industries, Clariant, Solutia Inc, Applied Thermal Control, Flowserve Corporation, Huntsman Corporation, Radco Industries
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Grade Mineral Oil Market Report Segments:
The global Industrial Grade Mineral Oil market is segmented on the basis of:
Types
3#, 5#, 7#, 10#, 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
Chemistry, Textile, Petrochemical, 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:
- Dow Chemical
- Eastman Chemical
- Petro Canada
- BASF
- Huntsman
- Flowserve
- Radco Industries
- Clariant
- Solutia Inc
- Applied Thermal Control
- Flowserve Corporation
- Huntsman Corporation
- Radco Industries
Highlights of The Industrial Grade Mineral 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:
- 3#
- 5#
- 7#
- 10#
- Other
- By Application:
- Chemistry
- Textile
- Petrochemical
- 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 Industrial Grade Mineral 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?
Industrial grade mineral oil is a type of petroleum-based oil that is used in industrial applications. It has a high smoke point, which means it can be used in high-heat applications such as engines and heaters.
Some of the major companies in the industrial grade mineral oil market are Dow Chemical, Eastman Chemical, Petro Canada, BASF, Huntsman, Flowserve, Radco Industries, Clariant, Solutia Inc, Applied Thermal Control, Flowserve Corporation, Huntsman Corporation, Radco Industries.
The industrial grade mineral oil market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Grade Mineral 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. Industrial Grade Mineral Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Grade Mineral Oil Market - Supply Chain
4.5. Global Industrial Grade Mineral Oil Market Forecast
4.5.1. Industrial Grade Mineral Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Grade Mineral Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Grade Mineral Oil Market Absolute $ Opportunity
5. Global Industrial Grade Mineral 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. Industrial Grade Mineral Oil Market Size and Volume Forecast by Type
5.3.1. 3#
5.3.2. 5#
5.3.3. 7#
5.3.4. 10#
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Grade Mineral 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. Industrial Grade Mineral Oil Market Size and Volume Forecast by Application
6.3.1. Chemistry
6.3.2. Textile
6.3.3. Petrochemical
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Grade Mineral 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. Industrial Grade Mineral 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 Industrial Grade Mineral 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. Industrial Grade Mineral 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 Industrial Grade Mineral Oil Demand Share Forecast, 2019-2029
9. North America Industrial Grade Mineral 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 Industrial Grade Mineral 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 Industrial Grade Mineral Oil Market Size and Volume Forecast by Application
9.4.1. Chemistry
9.4.2. Textile
9.4.3. Petrochemical
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Grade Mineral Oil Market Size and Volume Forecast by Type
9.7.1. 3#
9.7.2. 5#
9.7.3. 7#
9.7.4. 10#
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 Industrial Grade Mineral Oil Demand Share Forecast, 2019-2029
10. Latin America Industrial Grade Mineral 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 Industrial Grade Mineral 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 Industrial Grade Mineral Oil Market Size and Volume Forecast by Application
10.4.1. Chemistry
10.4.2. Textile
10.4.3. Petrochemical
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Grade Mineral Oil Market Size and Volume Forecast by Type
10.7.1. 3#
10.7.2. 5#
10.7.3. 7#
10.7.4. 10#
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 Industrial Grade Mineral Oil Demand Share Forecast, 2019-2029
11. Europe Industrial Grade Mineral 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 Industrial Grade Mineral 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 Industrial Grade Mineral Oil Market Size and Volume Forecast by Application
11.4.1. Chemistry
11.4.2. Textile
11.4.3. Petrochemical
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Grade Mineral Oil Market Size and Volume Forecast by Type
11.7.1. 3#
11.7.2. 5#
11.7.3. 7#
11.7.4. 10#
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 Industrial Grade Mineral Oil Demand Share, 2019-2029
12. Asia Pacific Industrial Grade Mineral 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 Industrial Grade Mineral 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 Industrial Grade Mineral Oil Market Size and Volume Forecast by Application
12.4.1. Chemistry
12.4.2. Textile
12.4.3. Petrochemical
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Grade Mineral Oil Market Size and Volume Forecast by Type
12.7.1. 3#
12.7.2. 5#
12.7.3. 7#
12.7.4. 10#
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 Industrial Grade Mineral Oil Demand Share, 2019-2029
13. Middle East & Africa Industrial Grade Mineral 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 Industrial Grade Mineral 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 Industrial Grade Mineral Oil Market Size and Volume Forecast by Application
13.4.1. Chemistry
13.4.2. Textile
13.4.3. Petrochemical
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Grade Mineral Oil Market Size and Volume Forecast by Type
13.7.1. 3#
13.7.2. 5#
13.7.3. 7#
13.7.4. 10#
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 Industrial Grade Mineral Oil Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Industrial Grade Mineral Oil Market: Market Share Analysis
14.2. Industrial Grade Mineral Oil Distributors and Customers
14.3. Industrial Grade Mineral Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dow Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eastman Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Petro Canada
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BASF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Huntsman
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Flowserve
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Radco Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Clariant
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Solutia Inc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Applied Thermal Control
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Flowserve Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Huntsman Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Radco Industries
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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
