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

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.
Europe Industrial Lubricants Market
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.

Europe Industrial Lubricants Market


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 coveredBy Product Type, By Base Oil, By End User
 Regions coveredBENELUX, France, Germany, Italy, Spain, United Kingdom, Rest of Europe
 Companies CoveredCarl 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:
  • ompressor Oil
  • Gear Oil
  • Grease
  • Hydraulic Fluids
  • Metal Working Fluids
  • Refrigeration Oil
  • Textile Machinery Lubrications
  • Transformer Oil
  • Turbine Oil
  • By Base Oil:
  • Bio-based Oil
  • Mineral Oil
  • Synthetic Oil
  • 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
  • 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 report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Europe Industrial Lubricants Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Europe Industrial Lubricants Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. 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, 2023-2033
    7.2. Compressor Oil
    7.3. Gear Oil
    7.4. Grease
    7.5. Hydraulic Fluids
    7.6. Metal Working Fluids
    7.7. Refrigeration Oil
    7.8. Textile Machinery Lubrications
    7.9. Transformer Oil
    7.10. Turbine Oil
    7.11. Others

    8. Europe Industrial Lubricants Market, By Base Oil (USD Million)
    8.1. Europe Industrial Lubricants Market Value Share and Forecast, By Base Oil, 2023-2033
    8.2. Bio-based Oil
    8.3. Mineral Oil
    8.4. 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, 2023-2033
    9.2. Agriculture
    9.3. Automotive
    9.4. Cement Production
    9.5. Chemical Production
    9.6. Construction
    9.7. Food Processing
    9.8. Marine Applications
    9.9. Metal & Mining
    9.10. Oil and Gas
    9.11. Power Generation
    9.12. Pulp and paper
    9.13. Textile Manufacturing
    9.14. 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. BENELUX
    14.4. France
    14.5. Germany
    14.6. Italy
    14.7. Spain
    14.8. United Kingdom
    14.9. Rest of Europe

    15. Company Profile
    15.1. Carl Bechem Lubricants
    15.1.1. Company details
    15.1.2. Financial outlook
    15.1.3. Product summary 
    15.1.4. Recent developments
    15.2. Eni SPA
    15.2.1. Company details
    15.2.2. Financial outlook
    15.2.3. Product summary 
    15.2.4. Recent developments
    15.3. ExxonMobil Corporation
    15.3.1. Company details
    15.3.2. Financial outlook
    15.3.3. Product summary 
    15.3.4. Recent developments
    15.4. Fuchs Petrolub SE
    15.4.1. Company details
    15.4.2. Financial outlook
    15.4.3. Product summary 
    15.4.4. Recent developments
    15.5. Klüber Lubrication
    15.5.1. Company details
    15.5.2. Financial outlook
    15.5.3. Product summary 
    15.5.4. Recent developments
    15.6. Motul S.A.
    15.6.1. Company details
    15.6.2. Financial outlook
    15.6.3. Product summary 
    15.6.4. Recent developments
    15.7. Nynas AB
    15.7.1. Company details
    15.7.2. Financial outlook
    15.7.3. Product summary 
    15.7.4. Recent developments
    15.8. PJSC Gazprom
    15.8.1. Company details
    15.8.2. Financial outlook
    15.8.3. Product summary 
    15.8.4. Recent developments
    15.9. PJSC Rosneft Oil
    15.9.1. Company details
    15.9.2. Financial outlook
    15.9.3. Product summary 
    15.9.4. Recent developments
    15.10. Repsol SA
    15.10.1. Company details
    15.10.2. Financial outlook
    15.10.3. Product summary 
    15.11. Shell plc
    15.11.1. Company details
    15.11.2. Financial outlook
    15.11.3. Product summary 
    15.11.4. Recent developments 
    15.12. TotalEnergies SE
    15.12.1. Company details
    15.12.2. Financial outlook
    15.12.3. Product summary 
    15.12.4. Recent developments 
    15.13. Valvoline, Inc.
    15.13.1. Company details
    15.13.2. Financial outlook
    15.13.3. Product summary 
    15.13.4. Recent developments
    15.14. 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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    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.
    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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