Market Overview:
The global machine tool lubricant market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for machine tool lubricants from various end-use industries, such as automotive and industrial. In terms of type, the machine tool grease segment is expected to dominate the market during the forecast period, owing to its properties such as high thermal stability and resistance against oxidation. In terms of application, the automotive segment is projected to lead the global machine tool lubricant market during 2018-2030 due to rising demand for passenger cars and commercial vehicles across different regions.
Product Definition:
A machine tool lubricant is a type of lubricant that is used specifically in machines tools. This type of lubricant is typically used to help keep the parts of the machine moving smoothly and to prevent wear and tear. Machine tool lubricants are also often used to cool down the machine, as they can help dissipate heat.
Machine Tool Grease:
Machine tool grease is a type of lubricant used in machine tools to reduce friction between the rotating parts and the work piece. It also helps to increase the life span of machine tools by protecting them from wear and tear. Machine tool grease can be classified as an oil or a synthetic based on its composition. Synthetic greases are usually made up of polymers while oils are derived from crude oil derivatives, such as paraffin waxes & mineral oils.
Machine Tool Oil:
Machine tool oil is the fluid used to lubricate the cutting tools and their components in machine tools. It helps reduce wear and tear of various components, which enables machines to work efficiently. The selection of proper lubricant is important for efficient functioning as well as long life of machine tools. There are different types of oils available depending upon applications such as metal working fluids, general industrial oils, high-speed engines oils among others.
Application Insights:
The automotive segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for high-performance lubricants from various vehicle components, such as engine, transmission system, and drive shafts coupled with stringent environmental regulations regarding reduced carbon emissions.
Industrial applications include metal cutting machines where precision machining operations are required frequently along with other hard surfaces such as glass where cleaning & maintenance is required frequently. These applications require less maintenance but higher endurance products that perform well even after being heavily used for years together without requiring any kind of attention or replacement which further propels the product usage in industrial applications across different industries globally including aerospace & defense and construction among others.
Regional Analysis:
Asia Pacific dominated the global machine tool lubricant market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for industrial machinery, rising automotive production, and rapid industrialization & urbanization. China is one of the largest markets in Asia Pacific due to large-scale investments made by various companies for manufacturing tools & equipment with high precision and accuracy at low costs.
The European market held a significant share in terms of revenue as well as volume owing to growing automobile production across several countries including Germany, France, Italy, Spain among others. Moreover, increasing demand from other industries such as aerospace & defense coupled with technological advancements are also expected to drive industry growth over the next eight years.
Growth Factors:
- Increasing demand for machine tools from the automotive and aerospace industries
- Growing demand for high-performance lubricants that can extend the life of machine tools
- Rising adoption of automated machines in manufacturing facilities
- Proliferation of Internet of Things (IoT) and big data analytics in manufacturing sector
- Growing popularity of green technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Machine Tool Lubricant Market Research Report
By Type
Machine Tool Grease, Machine Tool Oil
By Application
Automotive, Industrial
By Companies
Shell, Exxon Mobil, BP, Total Lubricants, Axel Christiernsson, Chevron, FUCHS, LUKOIL, SKF, JX Nippon Oil & Energy Corporation, Petro-Canada, Indian Oil Corporation, Quaker Chemical, Southwestern Petroleum Corporation, Klüber, Dow Corning, Sinopec, CNPC, CNOOC
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 Machine Tool Lubricant Market Report Segments:
The global Machine Tool Lubricant market is segmented on the basis of:
Types
Machine Tool Grease, Machine Tool Oil
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
Automotive, Industrial
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:
- Shell
- Exxon Mobil
- BP
- Total Lubricants
- Axel Christiernsson
- Chevron
- FUCHS
- LUKOIL
- SKF
- JX Nippon Oil & Energy Corporation
- Petro-Canada
- Indian Oil Corporation
- Quaker Chemical
- Southwestern Petroleum Corporation
- Klüber
- Dow Corning
- Sinopec
- CNPC
- CNOOC
Highlights of The Machine Tool Lubricant 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:
- Machine Tool Grease
- Machine Tool Oil
- By Application:
- Automotive
- Industrial
- 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 Machine Tool Lubricant 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Machine tool lubricant is a type of oil used to reduce friction and wear on moving parts in machines. It is also used as a coolant and anti-wear agent.
Some of the major companies in the machine tool lubricant market are Shell, Exxon Mobil, BP, Total Lubricants, Axel Christiernsson, Chevron, FUCHS, LUKOIL, SKF, JX Nippon Oil & Energy Corporation, Petro-Canada, Indian Oil Corporation, Quaker Chemical, Southwestern Petroleum Corporation, KlƒÂ¼ber, Dow Corning, Sinopec, CNPC, CNOOC.
The machine tool lubricant market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Machine Tool Lubricant 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. Machine Tool Lubricant Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Machine Tool Lubricant Market - Supply Chain
4.5. Global Machine Tool Lubricant Market Forecast
4.5.1. Machine Tool Lubricant Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Machine Tool Lubricant Market Size (000 Units) and Y-o-Y Growth
4.5.3. Machine Tool Lubricant Market Absolute $ Opportunity
5. Global Machine Tool Lubricant 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. Machine Tool Lubricant Market Size and Volume Forecast by Type
5.3.1. Machine Tool Grease
5.3.2. Machine Tool Oil
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Machine Tool Lubricant 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. Machine Tool Lubricant Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Machine Tool Lubricant 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. Machine Tool Lubricant 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 Machine Tool Lubricant 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. Machine Tool Lubricant 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 Machine Tool Lubricant Demand Share Forecast, 2019-2026
9. North America Machine Tool Lubricant 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 Machine Tool Lubricant 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 Machine Tool Lubricant Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Machine Tool Lubricant Market Size and Volume Forecast by Type
9.7.1. Machine Tool Grease
9.7.2. Machine Tool Oil
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 Machine Tool Lubricant Demand Share Forecast, 2019-2026
10. Latin America Machine Tool Lubricant 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 Machine Tool Lubricant 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 Machine Tool Lubricant Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Machine Tool Lubricant Market Size and Volume Forecast by Type
10.7.1. Machine Tool Grease
10.7.2. Machine Tool Oil
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 Machine Tool Lubricant Demand Share Forecast, 2019-2026
11. Europe Machine Tool Lubricant 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 Machine Tool Lubricant 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 Machine Tool Lubricant Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Machine Tool Lubricant Market Size and Volume Forecast by Type
11.7.1. Machine Tool Grease
11.7.2. Machine Tool Oil
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 Machine Tool Lubricant Demand Share, 2019-2026
12. Asia Pacific Machine Tool Lubricant 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 Machine Tool Lubricant 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 Machine Tool Lubricant Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Machine Tool Lubricant Market Size and Volume Forecast by Type
12.7.1. Machine Tool Grease
12.7.2. Machine Tool Oil
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 Machine Tool Lubricant Demand Share, 2019-2026
13. Middle East & Africa Machine Tool Lubricant 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 Machine Tool Lubricant 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 Machine Tool Lubricant Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Machine Tool Lubricant Market Size and Volume Forecast by Type
13.7.1. Machine Tool Grease
13.7.2. Machine Tool Oil
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 Machine Tool Lubricant Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Machine Tool Lubricant Market: Market Share Analysis
14.2. Machine Tool Lubricant Distributors and Customers
14.3. Machine Tool Lubricant Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exxon Mobil
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Total Lubricants
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Axel Christiernsson
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chevron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FUCHS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LUKOIL
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SKF
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. JX Nippon Oil & Energy Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Petro-Canada
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Indian Oil 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. Quaker Chemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Southwestern Petroleum Corporation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Klüber
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Dow Corning
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sinopec
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. CNPC
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CNOOC
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