According to the research report titled ‘Global Industrial Lubricant Market: Analysis By Product Base Oil, By Type, By Industry Application, By Region, By Country: Opportunities and Forecast (2017-2022) -- By Base Oil (Mineral, Synthetic, Bio-based), By type (Process Oil, General Industrial Lubricants, Metal Working Fluid, Industrial Engine Oil), By Application (Automotive, Power, Marine, Manufacturing, Mining)’ available at MarketStudyReport.com, the global industrial lubricant market is expected to grow with a CAGR of 3.03% during the period of 2017-2022.
 

Growing automotive sector and rapid industrialization coupled with emerging sectors such as marine, mining etc. are major factors driving the growth of the global industrial lubricant market for the forecast period. Mounting demand of industrial products has paved the way for increasing concerns over maintenance of machinery among the manufacturers which in turn is augmenting the demand for industrial lubricants across the globe. The market is expected to expand further due to surging need of technologically improved lubricants which can work under extreme conditions.
 

Notably, the research report analyzes the potential growth opportunities in industrial lubricant market. It offers in-depth understanding about the market dynamics and the competitive landscape. The study further aims to provide top-notch business information to investors to evaluate their investments thoroughly.
 

As per base oil, industrial lubricant market is categorized into synthetic, mineral, and bio-based products, whereas in terms of type, the market is bifurcated into general industrial lubricants, process oil, industrial engine oil, metal working fluids, and others. While speaking of application spectrum, the industry is classified into power, automotive, marine, mining, manufacturing, and others. 
 

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Considering the geographical landscape, the global industrial lubricant market is divided into regions namely, Europe, North America, South America, Asia-Pacific, and Middle East & Africa, with primary focus on countries such as Canada, US, Brazil, France, Germany, UK, Japan, China, Egypt, India, and Saudi Arabia.
 

The key players in the global industrial lubricant market are FUCHS Group, Exxon Mobil, Royal Dutch Shell, Total Lubricants, BP Global, PetroChina Co. Ltd., Sinopec Ltd., and Indian Oil Corp. Ltd. (IOCL).