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Global Synthetic Industrial Lubricants Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Synthetic Industrial Lubricants Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Hydraulic Fluid
    • 1.3.3 Metalworking Fluid
    • 1.3.4 Gear Oil
    • 1.3.5 Compressor Oil
    • 1.3.6 Grease
    • 1.3.7 Turbine Oil
    • 1.3.8 Others
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Synthetic Industrial Lubricants Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Metals and Mining
    • 1.4.3 Cement Production
    • 1.4.4 chemicals
    • 1.4.5 Petroleum and Natural Gas
    • 1.4.6 Other
  • 1.5 Global Synthetic Industrial Lubricants Market Size & Forecast
    • 1.5.1 Global Synthetic Industrial Lubricants Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Synthetic Industrial Lubricants Sales Quantity (2020-2031)
    • 1.5.3 Global Synthetic Industrial Lubricants Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Royal Dutch Shell
    • 2.1.1 Royal Dutch Shell Details
    • 2.1.2 Royal Dutch Shell Major Business
    • 2.1.3 Royal Dutch Shell Synthetic Industrial Lubricants Product and Services
    • 2.1.4 Royal Dutch Shell Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Royal Dutch Shell Recent Developments/Updates
  • 2.2 ExxonMobil
    • 2.2.1 ExxonMobil Details
    • 2.2.2 ExxonMobil Major Business
    • 2.2.3 ExxonMobil Synthetic Industrial Lubricants Product and Services
    • 2.2.4 ExxonMobil Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 ExxonMobil Recent Developments/Updates
  • 2.3 BP p.l.c.
    • 2.3.1 BP p.l.c. Details
    • 2.3.2 BP p.l.c. Major Business
    • 2.3.3 BP p.l.c. Synthetic Industrial Lubricants Product and Services
    • 2.3.4 BP p.l.c. Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 BP p.l.c. Recent Developments/Updates
  • 2.4 Chevron Corporation
    • 2.4.1 Chevron Corporation Details
    • 2.4.2 Chevron Corporation Major Business
    • 2.4.3 Chevron Corporation Synthetic Industrial Lubricants Product and Services
    • 2.4.4 Chevron Corporation Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Chevron Corporation Recent Developments/Updates
  • 2.5 Total S.A.
    • 2.5.1 Total S.A. Details
    • 2.5.2 Total S.A. Major Business
    • 2.5.3 Total S.A. Synthetic Industrial Lubricants Product and Services
    • 2.5.4 Total S.A. Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Total S.A. Recent Developments/Updates
  • 2.6 PetroChina Company Limited
    • 2.6.1 PetroChina Company Limited Details
    • 2.6.2 PetroChina Company Limited Major Business
    • 2.6.3 PetroChina Company Limited Synthetic Industrial Lubricants Product and Services
    • 2.6.4 PetroChina Company Limited Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 PetroChina Company Limited Recent Developments/Updates
  • 2.7 Idemitsu Kosan Co. Ltd.
    • 2.7.1 Idemitsu Kosan Co. Ltd. Details
    • 2.7.2 Idemitsu Kosan Co. Ltd. Major Business
    • 2.7.3 Idemitsu Kosan Co. Ltd. Synthetic Industrial Lubricants Product and Services
    • 2.7.4 Idemitsu Kosan Co. Ltd. Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Idemitsu Kosan Co. Ltd. Recent Developments/Updates
  • 2.8 Sinopec Limited
    • 2.8.1 Sinopec Limited Details
    • 2.8.2 Sinopec Limited Major Business
    • 2.8.3 Sinopec Limited Synthetic Industrial Lubricants Product and Services
    • 2.8.4 Sinopec Limited Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Sinopec Limited Recent Developments/Updates
  • 2.9 Lubrizol Corporation
    • 2.9.1 Lubrizol Corporation Details
    • 2.9.2 Lubrizol Corporation Major Business
    • 2.9.3 Lubrizol Corporation Synthetic Industrial Lubricants Product and Services
    • 2.9.4 Lubrizol Corporation Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Lubrizol Corporation Recent Developments/Updates
  • 2.10 Fuchs Petrolub SE
    • 2.10.1 Fuchs Petrolub SE Details
    • 2.10.2 Fuchs Petrolub SE Major Business
    • 2.10.3 Fuchs Petrolub SE Synthetic Industrial Lubricants Product and Services
    • 2.10.4 Fuchs Petrolub SE Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Fuchs Petrolub SE Recent Developments/Updates
  • 2.11 Klüber Lubrication
    • 2.11.1 Klüber Lubrication Details
    • 2.11.2 Klüber Lubrication Major Business
    • 2.11.3 Klüber Lubrication Synthetic Industrial Lubricants Product and Services
    • 2.11.4 Klüber Lubrication Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Klüber Lubrication Recent Developments/Updates
  • 2.12 Quaker Chemical Corporation
    • 2.12.1 Quaker Chemical Corporation Details
    • 2.12.2 Quaker Chemical Corporation Major Business
    • 2.12.3 Quaker Chemical Corporation Synthetic Industrial Lubricants Product and Services
    • 2.12.4 Quaker Chemical Corporation Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Quaker Chemical Corporation Recent Developments/Updates
  • 2.13 Pentagon Lubricants
    • 2.13.1 Pentagon Lubricants Details
    • 2.13.2 Pentagon Lubricants Major Business
    • 2.13.3 Pentagon Lubricants Synthetic Industrial Lubricants Product and Services
    • 2.13.4 Pentagon Lubricants Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Pentagon Lubricants Recent Developments/Updates
  • 2.14 Phillips 66 Lubricants
    • 2.14.1 Phillips 66 Lubricants Details
    • 2.14.2 Phillips 66 Lubricants Major Business
    • 2.14.3 Phillips 66 Lubricants Synthetic Industrial Lubricants Product and Services
    • 2.14.4 Phillips 66 Lubricants Synthetic Industrial Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Phillips 66 Lubricants Recent Developments/Updates

3 Competitive Environment: Synthetic Industrial Lubricants by Manufacturer

  • 3.1 Global Synthetic Industrial Lubricants Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Synthetic Industrial Lubricants Revenue by Manufacturer (2020-2025)
  • 3.3 Global Synthetic Industrial Lubricants Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Synthetic Industrial Lubricants by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Synthetic Industrial Lubricants Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Synthetic Industrial Lubricants Manufacturer Market Share in 2024
  • 3.5 Synthetic Industrial Lubricants Market: Overall Company Footprint Analysis
    • 3.5.1 Synthetic Industrial Lubricants Market: Region Footprint
    • 3.5.2 Synthetic Industrial Lubricants Market: Company Product Type Footprint
    • 3.5.3 Synthetic Industrial Lubricants Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Synthetic Industrial Lubricants Market Size by Region
    • 4.1.1 Global Synthetic Industrial Lubricants Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Synthetic Industrial Lubricants Consumption Value by Region (2020-2031)
    • 4.1.3 Global Synthetic Industrial Lubricants Average Price by Region (2020-2031)
  • 4.2 North America Synthetic Industrial Lubricants Consumption Value (2020-2031)
  • 4.3 Europe Synthetic Industrial Lubricants Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Synthetic Industrial Lubricants Consumption Value (2020-2031)
  • 4.5 South America Synthetic Industrial Lubricants Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Synthetic Industrial Lubricants Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Synthetic Industrial Lubricants Sales Quantity by Type (2020-2031)
  • 5.2 Global Synthetic Industrial Lubricants Consumption Value by Type (2020-2031)
  • 5.3 Global Synthetic Industrial Lubricants Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Synthetic Industrial Lubricants Sales Quantity by Application (2020-2031)
  • 6.2 Global Synthetic Industrial Lubricants Consumption Value by Application (2020-2031)
  • 6.3 Global Synthetic Industrial Lubricants Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Synthetic Industrial Lubricants Sales Quantity by Type (2020-2031)
  • 7.2 North America Synthetic Industrial Lubricants Sales Quantity by Application (2020-2031)
  • 7.3 North America Synthetic Industrial Lubricants Market Size by Country
    • 7.3.1 North America Synthetic Industrial Lubricants Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Synthetic Industrial Lubricants Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Synthetic Industrial Lubricants Sales Quantity by Type (2020-2031)
  • 8.2 Europe Synthetic Industrial Lubricants Sales Quantity by Application (2020-2031)
  • 8.3 Europe Synthetic Industrial Lubricants Market Size by Country
    • 8.3.1 Europe Synthetic Industrial Lubricants Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Synthetic Industrial Lubricants Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Synthetic Industrial Lubricants Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Synthetic Industrial Lubricants Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Synthetic Industrial Lubricants Market Size by Region
    • 9.3.1 Asia-Pacific Synthetic Industrial Lubricants Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Synthetic Industrial Lubricants Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Synthetic Industrial Lubricants Sales Quantity by Type (2020-2031)
  • 10.2 South America Synthetic Industrial Lubricants Sales Quantity by Application (2020-2031)
  • 10.3 South America Synthetic Industrial Lubricants Market Size by Country
    • 10.3.1 South America Synthetic Industrial Lubricants Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Synthetic Industrial Lubricants Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Synthetic Industrial Lubricants Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Synthetic Industrial Lubricants Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Synthetic Industrial Lubricants Market Size by Country
    • 11.3.1 Middle East & Africa Synthetic Industrial Lubricants Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Synthetic Industrial Lubricants Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Synthetic Industrial Lubricants Market Drivers
  • 12.2 Synthetic Industrial Lubricants Market Restraints
  • 12.3 Synthetic Industrial Lubricants Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Synthetic Industrial Lubricants and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Synthetic Industrial Lubricants
  • 13.3 Synthetic Industrial Lubricants Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Synthetic Industrial Lubricants Typical Distributors
  • 14.3 Synthetic Industrial Lubricants Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Synthetic Industrial Lubricants market size was valued at US$ 19060 million in 2024 and is forecast to a readjusted size of USD 24060 million by 2031 with a CAGR of 3.4% during review period.
    In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
    Synthetic industrial lubricants are a type of lubricating oil that is manufactured through chemical synthesis rather than being derived from crude oil or natural sources. They are engineered to possess specific properties and performance characteristics tailored for demanding industrial applications.
    The global synthetic industrial lubricants market encompasses the production, distribution, and utilization of synthetic lubricants specifically designed for industrial applications. This market segment is influenced by various factors, including technological advancements, industrial growth, environmental regulations, and evolving machinery requirements across different sectors.
    Key aspects of the global synthetic industrial lubricants market include:
    Market Size and Growth: The market for synthetic industrial lubricants has experienced substantial growth in recent years due to the increasing demand for high-performance lubricants in industrial settings. This growth is attributed to the expanding industrial landscape, technological developments in lubricant formulations, and a focus on enhancing equipment efficiency and longevity.
    Product Diversification: Manufacturers in the synthetic industrial lubricants market offer a diverse range of products tailored to meet the specific needs of different industrial applications. These products include hydraulic fluids, gear oils, compressor oils, metalworking fluids, heat transfer fluids, and specialty industrial lubricants for unique operational challenges.
    Demand Drivers: The demand for synthetic industrial lubricants is primarily driven by the need for lubricants that can withstand extreme operating conditions, reduce friction, minimize wear and tear, and contribute to energy efficiency. Industries such as manufacturing, automotive, mining, power generation, aerospace, and construction rely on these lubricants to optimize the performance and reliability of their equipment.
    Regional Dynamics: The global market for synthetic industrial lubricants is influenced by regional variations in industrial activity, regulatory frameworks, and economic conditions. Different regions exhibit distinct patterns of demand, production, and consumption of synthetic lubricants based on their industrial infrastructure and specific needs.
    Competitive Landscape: The market is characterized by the presence of major lubricant manufacturers, specialty lubricant providers, and regional players offering a wide array of synthetic industrial lubricants. Competition centers on product innovation, performance differentiation, and comprehensive service offerings tailored to industrial clients.
    Future Outlook: The ongoing evolution of industrial technologies, the emergence of Industry 4.0 trends, and the pursuit of enhanced operational efficiency are expected to drive further advancements in the synthetic industrial lubricants market. This includes the development of lubricants tailored for advanced machinery, additive manufacturing applications, and smart industrial systems.
    This report is a detailed and comprehensive analysis for global Synthetic Industrial Lubricants market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global Synthetic Industrial Lubricants market size and forecasts, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
    Global Synthetic Industrial Lubricants market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
    Global Synthetic Industrial Lubricants market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
    Global Synthetic Industrial Lubricants market shares of main players, shipments in revenue ($ Million), sales quantity (Kiloton), and ASP (US$/Ton), 2020-2025
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Synthetic Industrial Lubricants
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Synthetic Industrial Lubricants market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Royal Dutch Shell, ExxonMobil, BP p.l.c., Chevron Corporation, Total S.A., PetroChina Company Limited, Idemitsu Kosan Co. Ltd., Sinopec Limited, Lubrizol Corporation, Fuchs Petrolub SE, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Synthetic Industrial Lubricants market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    Hydraulic Fluid
    Metalworking Fluid
    Gear Oil
    Compressor Oil
    Grease
    Turbine Oil
    Others
    Market segment by Application
    Metals and Mining
    Cement Production
    chemicals
    Petroleum and Natural Gas
    Other
    Major players covered
    Royal Dutch Shell
    ExxonMobil
    BP p.l.c.
    Chevron Corporation
    Total S.A.
    PetroChina Company Limited
    Idemitsu Kosan Co. Ltd.
    Sinopec Limited
    Lubrizol Corporation
    Fuchs Petrolub SE
    Klüber Lubrication
    Quaker Chemical Corporation
    Pentagon Lubricants
    Phillips 66 Lubricants
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Synthetic Industrial Lubricants product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Synthetic Industrial Lubricants, with price, sales quantity, revenue, and global market share of Synthetic Industrial Lubricants from 2020 to 2025.
    Chapter 3, the Synthetic Industrial Lubricants competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Synthetic Industrial Lubricants breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Synthetic Industrial Lubricants market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Synthetic Industrial Lubricants.
    Chapter 14 and 15, to describe Synthetic Industrial Lubricants sales channel, distributors, customers, research findings and conclusion.

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