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Industrial Oils Market Share

Report ID: GMI10697
Published Date: Aug 2024
Report Format: PDF

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Industrial Oils Market Share

ExxonMobil, Shell, Phillips 66, Total Energies, Chevron, and BP are prominent players in the industrial oils market, each contributing significantly to its growth through innovation, extensive product portfolios, and global reach. ExxonMobil and Shell lead in developing advanced, high-performance lubricants, enhancing operational efficiency across various industries. Phillips 66’s focus on specialty oils and technological advancements bolsters its market influence. Total Energies and Chevron drive growth with their commitment to sustainable practices and cutting-edge technologies, while BP’s global presence and emphasis on high-quality, environmentally responsible products further support market expansion. Collectively, these companies shape industry standards, drive technological progress, and meet diverse industrial needs, fueling overall market growth.

Industrial Oils Market Companies

Major players operating in the Industrial oils industry include:

Bharat Petroleum
Bp
Chevron
ExxonMobil
FUCHS PETROLUB SE
Gazprom
Lukoil
Petronas
PHILLIPS 66
Quacker Houghton Chemical Corp.
Rosneft
Shell
Sinopec
Total Energies

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Global industrial oils industry was valued at USD 64.3 billion in 2023 and is anticipated to register over 3.4% CAGR between 2024 and 2032 due to the advancements in technology, and growing emphasis on sustainability.

The process segment in the market held 15% revenue share in 2023 due to their critical role in enhancing manufacturing efficiency and product quality across diverse industries.

Asia Pacific industrial oils market is expected to reach USD 32.9 billion by 2032 driven by rapid industrialization, urbanization, and the growing automotive and manufacturing sectors.

Bharat Petroleum, Bp, Chevron, ExxonMobil, FUCHS PETROLUB SE, Gazprom, Lukoil, Petronas, PHILLIPS 66, Quacker Houghton Chemical Corp., Rosneft, Shell, Sinopec, and Total Energies.