According to a recent industry analysis by Future Market Insights (FMI), the market for industrial lubricants in Europe is anticipated to reach USD 5,128.69 million in 2025. By 2035, the industrial lubricants in the Europe market are set to cross USD 8,514.59 million. From 2025 to 2035, it is projected to surge at a CAGR of 5.2%.
Lubricants are in high demand due to Europe’s expanding vehicle sector. By providing lubricants that specifically address the needs of various vehicle types, including passenger cars, commercial vehicles, and off-road vehicles, manufacturers are aiming their products at the automotive sector.
The use of bio-based lubricants, which are produced from renewable resources such as vegetable oils and animal fats, is on the rise. These lubricants are biodegradable and environmentally friendly. This is why they are mostly used in sectors that are sensitive to the environment, including food processing and pharmaceutical manufacturing.
Due to an increase in industrial activity in a number of sectors, there is a rising demand for industrial lubricants in Europe. The requirement for lubricants to ensure the efficient operation of machinery & equipment develops as the economy and manufacturing sectors expand.
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The automotive, aerospace, building, and manufacturing sectors all significantly rely on lubricants to lower friction. Additionally, they would improve the effectiveness and performance of their operations and aid to prevent wear & tear.
In recent years, Europe has placed a high priority on sustainability and energy efficiency. Industrial lubricants are essential for accomplishing these objectives since they cut down on energy use and waste.
Advanced lubricants, which provide better performance, longer equipment life, and lower environmental effects, are being adopted by manufacturers at an increasing rate. In Europe, demand for environmentally friendly lubricants has increased due to more stringent laws and a greater emphasis on sustainable practices.
Sectors in Europe are aware of the need for good equipment maintenance and optimization to increase production & reduce downtime. In order to ensure the efficient operation and durability of machinery, lubricants are essential.
Regular lubrication increases the longevity of industrial assets, lowers maintenance costs, and helps prevent equipment failure. As a result, companies in Europe are spending money on premium lubricants to enhance the performance of their machinery and reduce operational disruptions.
The rising demand for industrial lubricants in Europe is also a result of the development of new technologies and novel lubricant compositions. Manufacturers are continually looking for lubricants that can tolerate higher working temperatures, provide better corrosion resistance, and give improved performance.
New options for industrial applications have emerged with the introduction of synthetic, bio-based, and specialty lubricants. Hence, there will be a rising demand for these high-tech lubrication solutions in Europe.
Key Takeaways from the Europe Industrial Lubricants Market Study:
- United Kingdom industrial lubricants sales will grow at nearly 4.8% CAGR through 2025 to 2035
- Spain’s industrial lubricants sales will grow at nearly 5.2% CAGR through 2025 to 2035
- France’s industrial lubricants sales will grow at nearly 5.1% CAGR through 2025 to 2035.
- Germany industrial lubricants sales will grow at nearly 5.4% CAGR through 2025 to 2035
- Italy’s industrial lubricants sales will grow at nearly 5.0% CAGR through 2025 to 2035
“The food processing sector in Europe makes a large economic contribution and dominates the market for industrial lubricants. Demand for high-performance lubricants that can withstand harsh operating conditions of food processing equipment is rising as the food sector develops.” Says a lead analyst at Future Market Insights (FMI).
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Competitive Landscape in Europe Industrial Lubricants Market
The industrial lubricants market in Europe is a very fragmented industry with a few players that are quite active there. Over 50% of the market share for industrial lubricants in Europe is now contributed by important industry players. There are numerous small and medium-sized firms on the market that compete with tier-1 companies.
Technology developments are anticipated to fuel market expansion in Europe. The development of new and more effective manufacturing techniques is projected to boost output and lower expenses. Additionally, it is predicted that this will increase manufacturing’s competitiveness and investment appeal.
Key Companies Profiled
- PJSC Lukoil
- PJSC Rosneft Oil
- Eni SpA
- Motul S.A.
- Carl Bechem Lubricants
- PJSC Gazprom
- Fuchs Petrolub SE
- TotalEnergies SE
- Repsol SA
- Valvoline, Inc.
- Shell plc.
- Nynas AB
- BP plc
- ExxonMobil Corporation
- Klüber Lubrication
- LIQUI MOLY
For instance,
- In December 2021, a sale and purchase agreement was reached by LUKOIL and Gazprom Neft for a 50% equity stake in Meretoyakhaneftegaz LLC, a Gazprom Neft subsidiary. The goal of this arrangement was to create a joint venture to build a significant oil & gas cluster in the Nadym-Pur-Tazovsky neighborhood.
More Insights into Europe Industrial Lubricants Market Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the European industrial lubricants industry, providing historical data from 2018 to 2022 and forecast statistics for the period 2025 to 2035. To understand the market potential, growth, and scope, the market is segmented based on product type (hydraulic fluids, metal working fluids, gear oil, compressor oil, grease, turbine oil, transformer oil, refrigeration oil, textile machinery lubricants, and others), base oil (mineral oil, synthetic oil, and bio-based oil), end use (construction, metal and mining, cement production, power generation, automotive, chemical production, oil and gas, textile manufacturing, food processing, agriculture, pulp and paper, marine applications, and others), and county.
Industrial and Institutional Chemicals: https://www.futuremarketinsights.com/industry-analysis/industrial-and-institutional-chemicals
Europe Industrial Lubricants Market Outlook by Category
By Product Type:
- Hydraulic Fluids
- Metal Working Fluids
- Gear Oil
- Compressor Oil
- Grease
- Turbine Oil
- Transformer Oil
- Refrigeration Oil
- Textile Machinery Lubricants
- Others
By Base Oil:
- Mineral Oil
- Synthetic Oil
- Bio-based Oil
By End Use:
- Construction
- Metal and Mining
- Cement Production
- Power Generation
- Automotive
- Chemical Production
- Oil and Gas
- Textile Manufacturing
- Food Processing
- Agriculture
- Pulp and Paper
- Marine Applications
- Other
By Country:
- Germany
- Italy
- France
- United Kingdom
- Spain
- BENELUX
- Rest of Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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