The U.S. industrial lubricants market is expected to
reach USD 8.94 billion by 2025, according to a new report by Grand View
Research, Inc. Increasing initiatives by the U.S. government to promote the
manufacturing sector along with the rising number of trade activities across
the region have been major factors driving market growth.
Lubricating
oils have diverse applications in chemical manufacturing sector followed by
textile industry in the U.S. Heat exchangers have a very broad range of
industrial applications in the region. These are being utilized increasingly
within production plants as well as factories to keep water, gas, machinery,
and chemicals other substances within a safe operating temperature.
With
the rise in the construction industry in the U.S., metal joining fluids are
being increasingly used in the region across diverse commercial applications.
Metal joining consists of specialized processes such as honeycomb brazing and
vacuum, complex operations that require a unison between expertise and
technology. These factors shall expand the scope of lubricants usage in
production processes across the U.S.
Industrial
engine oils are designed to offset the rising fuel and operating costs. They
exhibit lesser coefficient of friction, which helps in saving fuel, while at
the same time, keeps the engine clean for optimal efficiency of combustion.
Specifically, the oils help in keeping the ports, piston, crankcase, and
filters clean for a long duration. Industrial engine oils are widely used to
prevent wear & tear, corrosion, and reduce friction in engines.
Browse full
research report on U.S. Industrial Lubricants Market: www.grandviewresearch.com/industry-analysis/us-industrial-lubricants-market
Further key
findings from the report suggest:
- The U.S
industrial lubricants demand exceeded 2,260.3 kilo tons in 2016 and is
expected to grow at a CAGR of 2.6% from 2017 to 2025
- Process
oil emerged as the leading product segment in 2016, with the segment
revenue projected at USD 2.76 billion by 2025
- The
U.S. has witnessed rapid emergence of high-performance lubricants
formulated from liquefied natural gas base stock in recent years, which
has been significantly driven by an upsurge in the shale gas economies
- Rising
consumer preference for high quality fabrics as a result of increasing
awareness of transitioning fashion trends and a rise in disposable income
has fostered lubricants demand in textiles
- Technological
developments and intense efforts to increase production capacities by
several manufacturers is also expected to boost growth
- Key
industry participants include ExxonMobil Corp., The Lubrizol Corporation,
Total S.A., Castrol, Valvoline International Inc., Chevron Corp., Royal
Dutch Shell, Phillips 66 and Lucas Oil Products Inc.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
Grand View Research has segmented the U.S. industrial lubricants market
on the basis of product and application:
U.S.
Industrial Lubricants Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2025)
- Process
oils
- General
industrial oils
- Metalworking
fluids
- Industrial
engine oils
- Greases
U.S.
Industrial Lubricants Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- Metalworking
- Metal
forming
- Metal
cutting
- Metal
joining
- Electronics
- Industrial
heat exchangers
- Others
- Textiles
- Textile
weaving
- Non-woven
textiles
- Textile
finishing
- Composites
- Others
- Energy
- Transformer
oil
- Pipelines
- Liquefied
natural gas
- Ocean
energy
- Others
- Chemical
manufacturing
- Industrial
gases
- Fertilizers
- Polymers
- Others
- Food
processing
- Beverages
- Frozen
food
- Canned
food
- Processed
potatoes
- Bakery
- Cocoa
& chocolate
- Others
- Hydraulic
- Compressors
- Bearings
- Others
- Other
industrial applications
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/us-industrial-lubricants-market-analysis
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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