The market for general industrial oils is anticipated to register a CAGR of 2.15% during the forecast period, 2019–2024. These oils include various types and are engineered to enhance the performance and running cycles of different industrial machinery.

Market Analysis and Insights: Global and China Industrial Oils Market
This report focuses on global and China Industrial Oils market.
In 2020, the global Industrial Oils market size was US$ 50370 million and it is expected to reach US$ 63130 million by the end of 2027, with a CAGR of 2.8% during 2021-2027. In China the Industrial Oils market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Industrial Oils Scope and Market Size
Industrial Oils market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Industrial Oils market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Industrial Oils market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
Turbine Oil
Refrigeration Oil
Compressor Oil
Electrical Oil
Heat Transfer Oil

Segment by Application
Power Generation
Automotive & Other Transportation
Heavy Equipment
Food & Beverage
Metallurgy & Metal Working
Chemical Manufacturing
Other

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Lubrita
Paras Lubricants Ltd
Apar Industries Ltd
Eastern Petroleum
Repsol
Castrol Limited
Exxon Mobil Corporation
Shell Global
Arabol Lubricants
Arabian Petroleum Ltd
HP Lubricants
Aarna Lube Private Limited
Tashoil Company Pvt Ltd
China Petrochemical Corporation (Sinopec)
Chevron USA Inc.