Research and Markets have published a new report with the title ‘Global Industrial Lubricants Market Analysis & Trends – Industry Forecast to 2025’. One of the report’s more prominent predictions is how the global industrial lubricants market is set to benefit from a compound annual growth rate of 3.9% in the coming years, resulting in a market value of $71.2bn (£57.1bn) by 2025.
The research, which is based on both primary interviews with professionals throughout the value chain and secondary data, focuses on 23 countries around the world, including the United Kingdom, the United States, Canada, India and China. It categorizes the global industrial market according to a number of factors, namely lubricant type, product, end user, and geography. All the major lubricant types are covered, including grease, synthetic oil lubricants, hydraulic lubricants, gear lubricants and turbine lubricants.
The report seeks to present some notable trends in the market to help identify investment opportunities. It highlights the improvements in low-viscosity oils like Mobil Velocite 3 and the benefits this can bring to existing machinery, as well as the steady progression of bio-based oil lubricants. It also indicates how some industrial applications are experiencing a growing demand for polyamide resins.
With its focus on leading players like Shell and ExxonMobil, recent technological and other key developments, and market and supply chain trends, this research should prove useful to anyone looking to make a strategic investment in the industrial lubricants market.