Frequently Asked Questions
The market is segmented based on , By Source (Soybean, Palm, Rapeseed, Sunflower, Corn, Cottonseed, Others), Type (Grade I (Light), Grade II (Medium), Grade III (Heavy)), End-Use (Biofuel, Paints and Coating, Cosmetics and Personal Care, Pharmaceuticals, and Others) - Industry Trends and Forecast to 2023 to 2031.
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The Global Industrial Oils Market size was valued at USD 100.89 USD Billion in 2023.
The Global Industrial Oils Market is projected to grow at a CAGR of 5.7% during the forecast period of 2024 to 2031.
The major players operating in the market include ExxonMobil (U.S.), Shell (Netherlands), PHILLIPS 66 (U.S.), TotalEnergies (France), Chevron (U.S.), Gazprom (Russia), Rosneft (Russia), Quaker Houghton Chemical Corp. (U.S.), Lukoil (Russia), Petronas (Malaysia), Bharat Petroleum (India), FUCHS PETROLUB SE (Germany), Sinopec (China), Idemitsu Kosan Co. Ltd (Japan), Tide Water Oil Co (I) Ltd (India), Castrol (U.K.), Panama Petrochem Ltd. (India), Gulf Oil Lubricants India Ltd (India), Gandhar Oil (India), Savita Oil Technologies Ltd (India), Apar Industries Ltd. (India), Grauer & Weil (India) Limited (India), Gold Oil Corporation (India), Vinayak Oil (India).
The market report covers data from the U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC), Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA).
