INDUSTRIAL LUBRICANTS MARKET ANALYSIS

Industrial Lubricants Market, by Base Oil (Mineral, Synthetic, and Bio-based), by Lubricants Type (Hydraulic Lubricants, Metal Cleaners, Gear Lubricants, and Others), by Application (Automotive, Metal Processing, Construction, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) –Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Key Devlopments

Various players are adopting growth strategies such as mergers and acquisition or new product launch in order to enhance their global presence.

For instance, in November 2017, German Mirror Lubricants and Greases, a lubricants manufacturing company, launched Mirr Oils catering to needs of marine, automotive and industrial applications in India.
In June 2015, GP Petroleums, a subsidiary of UAE Gulf Petroleum Group based in Mumbai, partnered with Repsol to launch comprehensive line of premium quality lubricants across India.
In December 2019, Croda Lubricants launched new group V base oil technology. Croda’s product finds its application in industrail lubricants sector.
In August 2019, Total Lubrifiants S.A., offers a range of engine and gear oils, metal working, brake fuilds, and other services, acquired Houghton International of its aluminum hot rolling oil (AHRO), steel cold rolling oil (SCRO) and tinplate rolling oil (TPRO) activities in the North American and European Economic Area markets. As per Vice president of the company, this acquisition will strengthen their position in the industrial lubricants market.
In July m2019, Brenntag Group announced its acquisition of B&M Oil Co., a distributor of lubricants to industrial, automotive, construction, commercial, and agricultural consumers throughout Oklahoma.