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Turbine Oil Market Share

Report ID: GMI7659
Published Date: Dec 2023
Report Format: PDF

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Turbine Oil Market Share

ExxonMobil Corporation is a major multinational energy company involved in various aspects of the oil & gas industry, including the production and marketing of petroleum products. The company is known for its lubricants and specialty products, including turbine oils used in power generation applications.

Turbine Oil Market Companies

The major players operating across the market include:

BP p.l.c.
TotalEnergies
Exxon Mobil Corporation
Indian Oil Corporation Ltd.
LUKOIL Marine Lubricants
Chevron U.S.A. Inc.
Repsol
Shell
PETRONAS
Eastman Chemical Company
Lubrizol
Idemitsu
Quaker Chemical Corporation
FUCHS
Castrol
Valvoline Globa
Afton Chemical
Kluber Lubrication
Penrite Oil
Eastern Petroleum
Paras Lubricants Ltd.
NYCO

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for turbine oil was valued at USD 4.5 billion in 2023 and is estimated to surpass USD 6.9 billion by 2032 owing to rising demand for electricity along with expansion of power generation capacities.

In 2023, the mineral oil-based turbine oil segment held a market share of over 45%, backed by escalating investments in power generation infrastructure especially in emerging economies.

Middle East & Africa turbine oil market was valued at USD 1 billion in 2023 and is expected to grow notably over 2023-2032, attributed to industrialization & rapid population growth and rising focus on energy exploration & production.

BP p.l.c., TotalEnergies, Exxon Mobil Corporation, Indian Oil Corporation Ltd., LUKOIL Marine Lubricants, Chevron U.S.A. Inc., Repsol, Shell, PETRONAS, Eastman Chemical Company, Lubrizol, Idemitsu, Quaker Chemical Corporation among others.