Europe Industrial Lubricants Market Growth, Size, Trends, Revenue, Share and Future Competition
Europe Industrial Lubricants Market Size- By Product Type, By Base Oil, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: CHEM23118 | Pages: 1 - 153 | Formats*: |
| Category : Chemical & Materials | |||
Europe Industrial Lubricants Market Introduction and Overview
According to SPER Market Research, the Europe Industrial Lubricants Market is estimated to reach USD 7.84 billion by 2033 with a CAGR of 5.41%.
The report includes an in-depth analysis of the Europe Industrial Lubricants Market, including market size and trends, product mix, applications, and supplier analysis. Industrial lubricants are defined as lubricants used in industrial settings. The product is used to improve industrial machinery and equipment performance and efficiency. Numerous types of industrial fluids are designed to prolong service intervals, extend the life of machines, and avoid degradation-related damage. This increase in mechanics performance boosts output and offers excellent operational dependability.
- January 2022: Motul is a French oil company that was founded in 1853. It introduced the TEKMA line of heavy-duty lubricants for diesel engines. These engine oils were developed especially to function in the most demanding situations. According to the manufacturer, TEKMA engine oils can offer better engine protection, longer drain intervals, and higher power and fuel efficiency.
Market Opportunities and Challenges
The surging demand for automobiles in Europe has triggered an increased need for lubricants, with manufacturers targeting the automotive sector by providing specialized lubricants for various vehicle types, including passenger cars, commercial vehicles, and off-road vehicles. The demand for industrial lubricants across Europe is witnessing an upswing, driven by the expanding industrial activities in diverse sectors. The growing economy and the expansion of manufacturing industries underscore the increased necessity for lubricants, essential for ensuring the seamless operation of machinery and equipment.
Europe's heightened focus on sustainability and energy efficiency has propelled the importance of industrial lubricants. These lubricants play a pivotal role in reducing energy consumption and waste, aligning with the region's commitment to sustainable practices and environmental responsibility. With stringent regulations and a growing emphasis on sustainable practices, the demand for environmentally friendly lubricants has experienced a significant surge in Europe. The adoption of new technologies and innovative lubricant formulations has further fueled the escalating demand for industrial lubricants in Europe. Businesses are increasingly investing in high-quality lubricants to optimize equipment performance, reduce maintenance costs, and minimize disruptions to their operations.
Lubricants are commonly derived from crude oil and its by-products. When crude oil prices rise, the production cost of lubricants increases, potentially resulting in higher market prices. Elevated prices can lead to decreased demand for lubricants and a market slowdown. The fluctuation in oil prices has broader economic implications, impacting overall regional economic conditions and, consequently, market demands. During periods of high oil prices, businesses may face increased operating costs, leading to reduced spending on maintenance and equipment. This, in turn, can lower the demand for industrial lubricants, as businesses may defer maintenance or limit usage to save costs. High oil prices can contribute to inflationary pressures, affecting the purchasing power of consumers and businesses, further diminishing the demand for industrial lubricants. The volatility in oil prices introduces uncertainty in the European industrial lubricants market, making it challenging for businesses to plan and invest. To maintain profitability and competitiveness, companies in this market need to vigilantly monitor oil prices and adjust their strategies accordingly.
Market Competitive Landscape
The industrial lubricants market in Europe is a very fragmented industry with a few major players in the field. There are a number of small and medium-sized enterprises in the market that compete with tier-1 organisations. Technological developments are anticipated to fuel market expansion in Europe. There is a current trend in manufacturing to develop new and more efficient processes that should lower costs and boost productivity. It is also predicted that this will increase manufacturing's competitiveness and investor appeal. Among the leading businesses are Carl Bechem Lubricants, Eni SPA, ExxonMobil Corporation, Fuchs Petrolub SE, Klüber Lubrication, Motul S.A., Nynas AB, PJSC Gazprom, PJSC Lukoil, PJSC Rosneft Oil, Repsol SA, Shell plc., TotalEnergies SE, Valvoline, Inc., Others
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Base Oil, By End User |
| Regions covered | BENELUX, France, Germany, Italy, Spain, United Kingdom, Rest of Europe |
| Companies Covered | Carl Bechem Lubricants, Eni SPA, ExxonMobil Corporation, Fuchs Petrolub SE, Klüber Lubrication, Motul S.A., Nynas AB, PJSC Gazprom, PJSC Lukoil, PJSC Rosneft Oil, Repsol SA, Shell plc., TotalEnergies SE, Valvoline, Inc., Others |
COVID-19 Impact on Europe Industrial Lubricants Market
The growth rate was predicted to be flat prior to the pandemic because of the shift in technology, and it has suffered greatly thereafter. Business had to be shut down totally since Europe was a hotbed for the COVID-19 virus. In order to avoid going bankrupt, the lubricant businesses frequently had to demonstrate their solid liquidity after suffering enormous losses. The industry's consumer segment may shift as a result of the pandemic, which will ultimately have an impact on demand since lubrication requirements may no longer be viewed as essential. The pandemic has made matters worse for the lubricant business, which is essentially stagnating.
Key Target Audience:
- Aerospace Industry
- Automotive Sector
- Construction Companies
- Engineering and Maintenance Services
- Manufacturing Industries
- Maritime Industry
- Mining Operations
- Oil and Gas Sector
- Power Generation Plants
- Transportation and Logistics
- Others
Our in-depth analysis of the Europe Industrial Lubricants Market includes the following segments:
| By Product Type: |
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| By Base Oil: |
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| By End User: |
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Key Topics Covered in the Report:
- Europe Industrial Lubricants Market Size (FY’2023-FY’2033)
- Overview of Europe Industrial Lubricants Market
- Segmentation of Europe Industrial Lubricants Market By Product Type (Compressor Oil, Gear Oil, Grease, Hydraulic Fluids, Metal Working Fluids, Refrigeration Oil, Textile Machinery Lubrications, Transformer Oil, Turbine Oil, Others)
- Segmentation of Europe Industrial Lubricants Market By Base Oil (Bio-based Oil, Mineral Oil, Synthetic Oil)
- Segmentation of Europe Industrial Lubricants Market By End User (Agriculture, Automotive, Cement Production, Chemical Production, Construction, Food Processing, Marine Applications, Metal & Mining, Oil and Gas, Power Generation, Pulp and paper, Textile Manufacturing, Others)
- Statistical Snap of Europe Industrial Lubricants Market
- Expansion Analysis of Europe Industrial Lubricants Market
- Problems and Obstacles in Europe Industrial Lubricants Market
- Competitive Landscape in the Europe Industrial Lubricants Market
- Impact of COVID-19 and Demonetization on Europe Industrial Lubricants Market
- Details on Current Investment in Europe Industrial Lubricants Market
- Competitive Analysis of Europe Industrial Lubricants Market
- Prominent Players in the Europe Industrial Lubricants Market
- SWOT Analysis of Europe Industrial Lubricants Market
- Europe Industrial Lubricants Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Industrial Lubricants Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Industrial Lubricants Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Industrial Lubricants Market
7. Europe Industrial Lubricants Market, By Product Type (USD Million)
7.1. Europe Industrial Lubricants Market Value Share and Forecast, By Product Type, 2023-20337.2. Compressor Oil7.3. Gear Oil7.4. Grease7.5. Hydraulic Fluids7.6. Metal Working Fluids7.7. Refrigeration Oil7.8. Textile Machinery Lubrications7.9. Transformer Oil7.10. Turbine Oil7.11. Others
8. Europe Industrial Lubricants Market, By Base Oil (USD Million)
8.1. Europe Industrial Lubricants Market Value Share and Forecast, By Base Oil, 2023-20338.2. Bio-based Oil8.3. Mineral Oil8.4. Synthetic Oil
9. Europe Industrial Lubricants Market, By End User (USD Million)
9.1. Europe Industrial Lubricants Market Value Share and Forecast, By End User, 2023-20339.2. Agriculture9.3. Automotive9.4. Cement Production9.5. Chemical Production9.6. Construction9.7. Food Processing9.8. Marine Applications9.9. Metal & Mining9.10. Oil and Gas9.11. Power Generation9.12. Pulp and paper9.13. Textile Manufacturing9.14. Others
10. Europe Industrial Lubricants Market Forecast, 2019-2033 (USD Million)
10.1. Europe Industrial Lubricants Market Size and Market Share
11. Europe Industrial Lubricants Market, By Product Type, 2019-2033 (USD Million)
11.1. Europe Industrial Lubricants Market Size and Market Share By Product Type (2019-2026)11.2. Europe Industrial Lubricants Market Size and Market Share By Product Type (2027-2033)
12. Europe Industrial Lubricants Market, By Base Oil, 2019-2033 (USD Million)
12.1. Europe Industrial Lubricants Market Size and Market Share By Base Oil (2019-2026)12.2. Europe Industrial Lubricants Market Size and Market Share By Base Oil (2027-2033)
13. Europe Industrial Lubricants Market, By End User, 2019-2033 (USD Million)
13.1. Europe Industrial Lubricants Market Size and Market Share By End User (2019-2026)13.2. Europe Industrial Lubricants Market Size and Market Share By End User (2027-2033)
14. Europe Industrial Lubricants Market, By Region, 2019-2033 (USD Million)
14.1. Europe Industrial Lubricants Market Size and Market Share By Region (2019-2026)14.2. Europe Industrial Lubricants Market Size and Market Share By Region (2027-2033)14.3. BENELUX14.4. France14.5. Germany14.6. Italy14.7. Spain14.8. United Kingdom14.9. Rest of Europe
15. Company Profile
15.1. Carl Bechem Lubricants15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Eni SPA15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. ExxonMobil Corporation15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Fuchs Petrolub SE15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Klüber Lubrication15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Motul S.A.15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Nynas AB15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. PJSC Gazprom15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. PJSC Rosneft Oil15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Repsol SA15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.11. Shell plc15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. TotalEnergies SE15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. Valvoline, Inc.15.13.1. Company details15.13.2. Financial outlook15.13.3. Product summary15.13.4. Recent developments15.14. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Industrial Lubricants Market is projected to reach USD 7.84 billion by 2033, growing at a CAGR of 5.41% during the forecast period.
Europe Industrial Lubricants Market grew in market size from 2023. The Market is expected to reach USD 7.84 billion by 2033, at a CAGR of 5.41% during the forecast period.
Europe Industrial Lubricants Market CAGR of 5.41% during the forecast period.
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Europe Industrial Lubricants Market size is USD 7.84 billion from 2023 to 2033.
Europe Industrial Lubricants Market Segment is Covered By Product Type, By Base Oil, By End User
The Europe region is anticipated to have the highest market share in Europe Industrial Lubricants Market.
The key players in the market include Companies Covered Carl Bechem Lubricants, Eni SPA, ExxonMobil Corporation, Fuchs Petrolub SE, Klüber Lubrication, Motul S.A., Nynas AB, PJSC Gazprom, PJSC Lukoil, PJSC Rosneft Oil, Repsol SA, Shell plc., TotalEnergies SE, Valvoline, Inc., Others
The product is used to improve industrial machinery and equipment performance and efficiency. Numerous types of industrial fluids are designed to prolong service intervals, extend the life of machines, and avoid degradation-related damage.
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