Global Industrial Oils
Market Report
2025
The global industrial oils market will be USD 80.1 billion in 2024. It will show the strongest growth, with a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. This growth can be attributed to expanding automotive, manufacturing, and chemical industries.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global industrial oils market size will be USD 80.1 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Industrial Oils Market Sales Revenue | $ 80.1 Billion | 121212 | 121212 | 121212 | 5.3% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Source |
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Market Split by Type |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Industrial Oils industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Industrial Oils Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Industrial oils refer to a diverse range of oils utilized in various industrial applications, including lubricants, hydraulic fluids, process oils, and biofuels. These oils are crucial for enhancing operational efficiency and machinery performance across industries such as automotive, manufacturing, food processing, and pharmaceuticals. The market for industrial oils is experiencing robust growth driven by expanding industrialization, increasing automation, and stringent regulatory requirements promoting sustainable practices. Technological advancements in oil extraction, such as cold-pressing and biorefinery processes, are further propelling market expansion by improving efficiency and sustainability metrics. Additionally, rising demand for bio-based and environmentally friendly oils due to growing environmental awareness is shaping market dynamics. As industries seek higher-performance and cost-effective solutions, the industrial oils market is poised to continue its upward trajectory, driven by innovation in product development and applications across a wide spectrum of industrial sectors globally.
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In February 2024, The Foundation for Innovation and Technology Transfer (FITT) at the Indian Institute of Technology (IIT) Delhi collaborated with Oil India Limited to launch ‘DriftTECH’. DriftTECH was strategically designed to address dynamic challenges in the deep-tech and energy sectors, aiming to catalyze the advancement and implementation of cutting-edge solutions. (Source: https://indianexpress.com/article/education/iit-delhi-oil-india-limited-launch-drifttech-to-address-challenges-in-deep-tech-and-energy-sectors-9147106/)
Top Companies Market Share in Industrial Oils Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America dominates the industrial oils market, driven by strong industrial infrastructure, stringent environmental regulations, and high adoption rates of advanced technologies. The region's focus on sustainable practices and innovation further enhances its leadership in the industry.
Asia Pacific is the fastest-growing region in the industrial oils market, driven by rapid industrialization, urbanization, and increasing automotive production. The region's expanding manufacturing base and rising need for consumer goods are major factors driving the consumption of industrial oils, particularly lubricants and hydraulic fluids.
The current report Scope analyzes Industrial Oils Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Industrial Oils Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Industrial Oils Industry growth. Industrial Oils market has been segmented with the help of its Source, Type End Use, and others. Industrial Oils market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2021 to 2033. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Source of Industrial Oils analyzed in this report are as follows:
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According to cognitive market research, Grade I (light) industrial oils hold a significant market share due to their superior performance characteristics in precision applications. These oils are designed for use in machinery requiring high efficiency and cleanliness standards, such as in aerospace, electronics, and medical equipment manufacturing. Their low viscosity and excellent thermal stability make them ideal for reducing friction and wear in delicate components. As industries continue to prioritize reliability and productivity, Grade I industrial oils are expected to maintain their prominent position in the market through ongoing advancements and tailored formulations.
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Senior Research Analyst at Cognitive Market Research
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Industrial Oils Market is witnessing significant growth in the near future.
In 2023, the Soybean segment accounted for noticeable share of global Industrial Oils Market and is projected to experience significant growth in the near future.
The Grade I (Light) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Cargill (US) , Wilmar International (Singapore) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Source | Soybean, Corn, Sunflower, Cottonseed, Rapeseed, Palm, Others (Olive, Safflower, Copra, Groundnut, Linseed/Flaxseed, and Grape Seed) |
Type | Grade I (Light), Grade II (Medium), Grade III (Heavy) |
End Use | Biofuel, Paints & Coatings, Cosmetics & Personal care, Pharmaceuticals, Others (Polymers, Thermal, Rubbers, Agriculture, Fillers, Adhesives, and Chemicals) |
List of Competitors | Cargill (US), Bunge Limited (Netherlands), Wilmar International (Singapore), Louis Dreyfus Company B.V. (Netherlands), Archer Daniels Midland (ADM) (US), Buhler Group (Switzerland), CHS Inc. (US), Ag Processing Inc (US), A&A Fratelli Parodi Spa (Italy), Gemtek Products (US), AAK Kamani (India), Soya Mills SA (Greece) |
This chapter will help you gain GLOBAL Market Analysis of Industrial Oils. Further deep in this chapter, you will be able to review Global Industrial Oils Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Industrial Oils. Further deep in this chapter, you will be able to review North America Industrial Oils Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Industrial Oils. Further deep in this chapter, you will be able to review Europe Industrial Oils Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Industrial Oils. Further deep in this chapter, you will be able to review Asia Pacific Industrial Oils Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Industrial Oils. Further deep in this chapter, you will be able to review South America Industrial Oils Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Industrial Oils. Further deep in this chapter, you will be able to review Middle East Industrial Oils Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Industrial Oils. Further deep in this chapter, you will be able to review Middle East Industrial Oils Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Industrial Oils. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Source Analysis 2019 -2031, will provide market size split by Source. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Source Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End Use Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Industrial Oils market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Soybean have a significant impact on Industrial Oils market? |
What are the key factors affecting the Soybean and Corn of Industrial Oils Market? |
What is the CAGR/Growth Rate of Grade I (Light) during the forecast period? |
By type, which segment accounted for largest share of the global Industrial Oils Market? |
Which region is expected to dominate the global Industrial Oils Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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