A Glimpse of What Lies Ahead for the Industrial Gear Oils Market

The gear oil industry is expected to witness significant growth over the next five years owing to its rising demand in industrial, automotive and construction machinery.

The Asia Pacific dominates the Industrial Gear Oils Market:

The Asia Pacific dominates the Industrial Gear Oils Market during the forecast period. It is expected to generate a revenue of $3030.97 million by 2023 at a CAGR of 1.99%. The maximum share in the region is held by India and China, due to growing population and rapid industrialization in the region. The governments in the Asia Pacific region have launched different policies for driving the domestic economy. As a result, commercial segments are expected to grow rapidly. In China, the competition among the industrial gear oil manufacturers has become high in recent times, since multinational companies are concentrating on the Chinese market. India is the largest producer of coal and steel, and this drives the demand for industrial machinery which in turn spurs the demand for industrial gear oil in the region.

Selected Analysis was done in the Industrial Gear Oil Market Report:

The manufacturing segment in 2016 held a share of $2,201.2 million. It is expected to generate $2559.34 million by 2023 at a CAGR of 1.79%. The industrial gear lubricant has several applications in the manufacturing industry such as in paper, food, pulp, cement, textile, etc. The lubricants can provide protection against wear and tear and oxidative stability. The gearbox machinery used in the food industry consists of lubrication of enclosed gear and conveyor applications, which needs the food grade lubricant to prevent food contamination caused by oils and greases. The manufacturing industry uses both mineral and synthetic oils. The application differs according to the requirements of the product or organization. European countries use synthetic gear oil as it prolongs the machine life for a longer duration.

Excerpts on Industrial Gear Oil Market Growth Factors:

  • Use of industrial gear oils in wind mill applications drive the demand for gear oil.
  • Manufacturers are now choosing automated devices due to the increasing demand for goods, and for delivering goods in a short span of time.
  • Hydro Safe provides good anti-wear performance products in many applications and can be used as a substitute for conventional petroleum oil.
Key players of the Industrial Gear Oils Market

Royal Dutch Shell PLC dominates the Industrial Gear Oils Market followed by TOTAL SA, BP PLC and Chevron Corp. Royal Dutch Shell PLC manufactures products such as Shell Omala S4 GX and Shell Omala S4 WE, which provide extra protection and life. TOTAL SA produces CARTER MS 100 for open gears in sugarcane mills. BP PLC manufactures EnergearLimslip 90, an automotive gear oil. Chevron manufactures open gear lubricants which minimize wear during the operations.

Industrial Gear Oils Market is segmented as below:

Growing demand for efficient machinery in industries drive the demand for worm gear oil during the forecast period.

A. Industrial Gear Oils Market By Type

  1. Mineral Gear Oil
  2. Synthetic Gear Oil
  3. Food Grade Gear Oil
  4. Worm Gear Oil

B. Industrial Gear Oils Market By Application

  1. Manufacturing
  2. Steel
  3. Mining
  4. Construction
  5. Agriculture
  6. Energy
  7. Others

C. Industrial Gear Oils Market By Geography (covers 14+ countries) D. Industrial Gear Oils Market Entropy

Companies Citied / Interviewed in Industrial Gear Oil Market:

  7. TOTAL S.A.
  8. BP P.L.C
  10. Company 10+

What can you expect from the report? The Industrial Gear Oils Market Report is Prepared with the Main Agenda to Cover the following 20 points:

  1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
  2. Market trends & Relevant Market Data 12. Country level Analysis
  3. Manufacturer Landscape 13. Competitor Analysis
  4. Distributor Landscape 14. Market Shares Analysis
  5. Pricing Analysis 15. Value Chain Analysis
  6. Top 10 End user Analysis 16. Supply Chain Analysis
  7. Product Benchmarking 17. Strategic Analysis
  8. Product Developments 18. Current & Future Market Landscape Analysis
  9. Mergers & Acquisition Analysis 19. Opportunity Analysis
  10. Patent Analysis 20. Revenue and Volume Analysis

Frequently Asked Questions: Q. Does IndustryARC publish country or application based reports in Industrial Gear Oils Market segment? Response: Yes, we do have separate reports as mentioned below:

  1. Industrial Gear Oils Market Share(2018-2023)
  2. Americas Industrial Gear Oils Market Growth(2018-2023)
  3. Asia Pacific Industrial Gear Oils Market Analysis(2018-2023)
  4. Europe Industrial Gear Oils Market Forecast(2018-2023)
  5. Manufacturing Industrial Gear Oils Market Insights(2018-2023)
  6. Steel Industrial Gear Oils Market (2018-2023)
  7. Mining Industrial Gear Oils Market (2018-2023)

Q. Does IndustryARC provide customized reports and charge additionally for limited customization? Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

  1. Increase the level of data in application or end user industry.
  2. Increase the number of countries in geography chapter.
  3. Find out market shares for other smaller companies or companies which are of interest to you.
  4. Company profiles can be requested based on your interest.
  5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Media Contact: Mr. Venkat Reddy Sales Manager Email 1: sales@industryarc.com Or Email 2: venkat@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.



No comments to display.

Related posts

Toyota Mobility Foundation announces finalists in $4 million global Mobility Unlimited Challenge

The Challenge invited engineers, innovators, and designers from across the world to submit designs for game-changing technologies, incorporating intelligent systems, to improve the mobility and independence of people with lower-limb paralysis. Central to the Challenge is the importance of collaboration with end-users to develop devices which will integrate seamlessly into users’ lives and environments, while being comfortable and easy to use, enabling greater independence and increased participation in daily life.

PRIMA Call for Proposals: Bridging the gap between potential and actual irrigation performance in the Mediterranean

In the Mediterranean basin, water balances and water used for irrigation including irrigation performance is often lower than potential at the farm and at the water users association level. This gap is evident for average performance, but it is particularly important when the dispersion among farmers and their associations is considered. Attaining Sustainable Mediterranean irrigation requires to assess the real water balances in the area of irrigation, amount of water available for irrigation ensuring that water levels are environmentally safe for ecosystems and other needs. Furthermore, optimising irrigation performance requires to combine technological, managerial and governance innovations taking into account the availability, safety and quality of water resources, existing institutional arrangements, as well as crop agronomy planning.
Application Deadline in a month

PRIMA Call for Proposals: Agro-food Value Chain 2019

Proposals should focus on products with high added value, most exposed to fraud and valorise productions that have been discontinued but hold nutritional value and are important for biodiversity conservation. Proposal should also aim at creating trans-national networks of laboratories, validating and harmonizing protocols, sharing open-data on food products of the Mediterranean tradition, providing a robust support for certification and control bodies, and building capacity in key enabling technologies related to authenticity and traceability.
Application Deadline in a month

African Development Bank Group approves $25 million Equity Investment in Fund for Renewable Energy Projects in Africa

ARPF projects will focus on mature technologies including wind, solar PV, small to medium hydro, geothermal and biomass. These would include grid-connected independent power producers (“IPPs”), and decentralized energy projects (commercial & industrial solar, mini-grids and solar home systems companies). The Fund’s strategy is to prioritize projects with a clear timeline to financial close, with emphasis on de-risking early stage greenfield projects.

European call for proposals: Innovative utilisation of aquatic biomass and Novel aquaculture production systems

The proposals should seek to be complementary with or adding to other projects funded under FP7 and Horizon 2020, ERA-NETs, BBI JU or other funding schemes, both ongoing and recently finished. They should reflect awareness of the objectives of running projects in relevant fields to avoid overlap. Proposed projects must demonstrate industry involvement.
Application Deadline in 2 months

European call for proposals: Sustainable and Resilient agriculture for food and non-food systems

Based on the two previous calls, the FACCE SURPLUS partners decided to further advance their successful funding scheme with a third call of the initiative in order to complete the portfolio of projects and filling remaining research and funding gaps. Having in mind the research already conducted in FACCE SURPLUS projects, this call at the end of the initiative aims at further improving collaboration in the area of food and nonfood biomass production and transformation systems.
Application Deadline in 2 months

A Quick Look At The Latest Happenings In The Cloud Integration Market

As an emerging trend of technology the field of cloud Integration is steadily expanding. The global cloud Integration Market is growing approximately at a CAGR of 8% during 2018-2023 and it is expected to grow at a highest CAGR during the forecast period.

A Close Look At The Latest Research Trends Within The 3D Printing Metals Market

3D printing involves the creation of a 3 dimensional object by adding successive layers of a particular material one on top of each other until the overall object has been formed. Metals constitute one of the main materials used for 3D printing.

Call for Applications: Go Green in the City 2019

The Go Green in the City challenge is now entering its 9th year running and our 2019 edition is going to be even bigger, better and bolder! We are looking for students like you from around the world who are willing to put their skills and ideas to the test.
Application Deadline in 4 months