North America Industrial Lubricants for Machine Tools Market Growth & Future Trends till 2031
North America Industrial Lubricants for Machine Tools Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Base Oil (Mineral Oil, Synthetic Oil, and Bio-based Oil), By Product Type (Spindle Oils, Hydraulic Oils, Way or slideway Oils, Gear Oils, and Others), By Function (Lubrication and Wear Reduction, Cooling or Heat Dissipation, Chip or Swarf Removal, Corrosion or Rust Protection, and Others), By Application (Machine Slides or ways, Hydraulic System, Spindle Bearings, Gearboxes, and Others), and Country
- Report Date : Jan 2026
- Report Code : TIPRE00042187
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 184
The North America industrial lubricants for machine tools market size is projected to reach US$ 204.22 million by 2031 from US$ 159.91 million in 2024. The market is expected to register a CAGR of 3.8% from 2025–2031.
North America Industrial Lubricants for Machine Tools Market AnalysisAs manufacturers embrace high-speed CNC machines, robotic assembly lines, and automated machining centers, machine tools face higher loads, faster speeds, and longer duty cycles. These tough conditions need high-performance lubricants to reduce friction, prevent wear, dissipate heat, and ensure smooth operation.
Modern lubricants, such as synthetic and semi-synthetic oils, offer better thermal stability, oxidation resistance, and corrosion protection. These features help extend machine life and cut down on downtime. Industries are relying more on predictive maintenance and automated lubrication systems, which raises the demand for high-quality lubricants that work well with new machinery.
North America Industrial Lubricants for Machine Tools Market OverviewIndustrial lubricants for machine tools are special fluids and oils that reduce friction, heat, and wear in equipment used for metal cutting, forming, and machining. These lubricants include cutting fluids, hydraulic oils, slideway oils, gear oils, and spindle oils. Each type is formulated to meet the specific needs of machine tool parts like spindles, bearings, gears, and guideways. They create a protective film between moving parts, ensuring smooth and precise motion even under high loads and speeds.
These lubricants are important because machine tools work under extreme mechanical and thermal stress, especially in modern manufacturing, where high-speed CNC machines and automated systems are common. Industrial lubricants help dissipate heat generated during machining, prevent metal-to-metal contact, reduce tool wear, and improve the surface finish of machined parts. They protect equipment from corrosion, oxidation, and contamination. This protection extends machine life and cuts down maintenance costs. By improving efficiency, accuracy, and reliability, industrial lubricants maintain productivity and quality in industrial manufacturing processes.
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North America Industrial Lubricants for Machine Tools Market: Strategic Insights
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Market Drivers:
- Rising Industrial Automation Adoption: High-speed CNC machines, robotic assembly lines, and automated machining centers need high-performance lubricants to reduce friction, heat, and wear.
- Growth in Automotive Manufacturing: The increasing production of vehicles, including electric ones, boosts the need for reliable industrial lubricants for maintenance and efficiency.
- Expansion of Aerospace and Defense Industry: Precision machining of aerospace components requires high-quality lubricants to maintain dimensional accuracy, prevent wear, and extend tool life.
- Focus on Equipment Longevity and Maintenance Efficiency: Industries focus on reducing downtime and maintenance costs, leading to greater use of long-lasting, high-performance lubricants that work well with modern machinery.
- Regulatory Emphasis on Safety and Environmental Compliance: The demand for low-toxicity, biodegradable, and eco-friendly lubricants is increasing due to environmental and workplace safety regulations.
Market Opportunities:
- Emerging Smart Factory and Industry 4.0 Initiatives: The integration of automated lubrication and predictive maintenance systems creates a need for lubricants that work well with digital monitoring.
- Shift Toward Synthetic and Semi-Synthetic Lubricants: Technological advancements allow for the development of high-performance, longer-lasting lubricants that meet the demands of modern high-speed machinery.
- Growth in Precision Engineering and Electronics Manufacturing: The rising production of precision components increases the need for specialized lubricants that improve machining accuracy and tool life.
- Expansion in Industrial Sectors in North America: Growth in the aerospace, automotive, and heavy machinery industries presents opportunities for lubricant suppliers to expand their market presence.
- Development of Eco-Friendly and Sustainable Products: The increasing preference for biodegradable and environmentally safe lubricants opens up new avenues for innovative product formulations.
The North America industrial lubricants for machine tools market is divided into different segments to give a clearer view of how they work, their growth potential, and the latest trends. Below is the standard segmentation approach used in industry reports:
By Base Oil
- Mineral Oil: Mineral oil is used as a base oil in industrial lubricants because it is affordable and provides good lubrication for standard uses.
- Synthetic Oil: Synthetic oil offers better thermal stability, resistance to oxidation, and performance under extreme temperatures compared to mineral oils.
- Bio-based Oil: Bio-based oil comes from renewable resources, making it an environmentally friendly option with good biodegradability and low toxicity.
By Product Type
- Spindle Oils: Spindle oils are designed to lubricate high-speed spindles. They reduce friction and wear while maintaining precision and stability.
- Hydraulic Oils: Hydraulic oils transfer power in hydraulic systems as well as provide lubrication, protection against corrosion, and help with heat dissipation.
- Way/Slideway Oils: Way or slideway oils ensure smooth movement of machine slides and guideways by offering excellent adhesion and the ability to carry loads.
- Gear Oils: Gear oils protect gearboxes by reducing wear, preventing corrosion, and handling high pressures and loads.
- Others: Other lubricant products have specific functions designed for particular machine parts or industrial needs.
By Function
- Lubrication and Wear Reduction: This function aims to minimize friction between moving parts, which helps to extend equipment life and boost efficiency.
- Cooling / Heat Dissipation: Lubricants help remove heat created during machining; this prevents overheating and keeps operating temperatures within safe limits.
- Chip / Swarf Removal: Lubricants aid in removing metal chips and debris, keeping the machining area clean and preventing damage.
- Corrosion / Rust Protection: Lubricants create a protective layer that stops corrosion and rust from forming on metal surfaces.
- Others: Additional functions include improving surface finish, reducing noise, and working well with automated lubrication systems.
By Application
- Machine Slides/ways: Lubricants for machine slides and ways cut down on friction and wear on moving guide surfaces, ensuring smooth and precise movement.
- Hydraulic System: Hydraulic lubricants enable effective power transmission and protect system parts from wear and corrosion.
- Spindle Bearings: Lubricants in spindle bearings reduce friction and heat, ensuring stability and accuracy during high-speed rotation.
- Gearboxes: Lubricants for gearboxes protect gears from wear and fatigue under heavy loads and varying conditions.
- Others: Other applications involve lubricating auxiliary machine parts and specialized equipment components.
By Country:
- US
- Canada
- Mexico
High Market Density and Competition
Competition is intense due to the presence of established players such as Afton Chemical, PetroCanada Lubricants LLC, Kluber Lubrication, Whitmore Manufacturing LLC, Schaeffer Manufacturing Co., and others.
This high level of competition urges companies to stand out by offering:
- Diverse product offering
- Sustainable and ethical sourcing
- Competitive pricing models
- Strong customer support and easy integration
Opportunities and Strategic Moves
- Focusing on research and development activities to distinguish themselves in the market
- Expanding global footprint and capabilities through acquisitions of value-added lubricant companies.
- Expanding product portfolio with the launch of sustainable products
- BP plc
- Chevron Corp
- Exxon Mobil Corp
- TotalEnergies SE
- Fuchs SE
- Repsol SA
- Shell plc
- Quaker Chemical Corp (Quaker Houghton)
- DuBois Chemicals Inc
- Phillips 66
- Fuchs SE– Merger & Acquisition - In April 2025, Fuchs SE acquired the US lubricants company IRMCO Advanced Metalforming Lubricant Technologies, a manufacturer of metal-forming lubricants for demanding manufacturing processes. With this acquisition, FUCHS aims to expand its industrial product portfolio further, offering sustainable lubrication solutions across multiple markets.
- Chevron Corp– Company News - In April 2025, Chevron Corp announced a US$ 100 million investment in R&D for advanced synthetic metalworking fluids to develop next-generation synthetic metalworking fluid additives with enhanced thermal and anti-wear properties.
The "North America Industrial Lubricants for Machine Tools Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering the following areas:
- North America Industrial Lubricants for Machine Tools Market size and forecast at global, regional, and country levels for all the segments covered under the scope
- North America Industrial Lubricants for Machine Tools Market trends, as well as dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's five forces and SWOT analysis
- North America industrial lubricants for machine tools market analysis covering key trends, global and regional framework, major players, regulations, and recent developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the North America industrial lubricants for machine tools market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The US dominated the market with the largest share in 2024.
Rising industrial automation and preventive maintenance focus drive the growth of the market.
BP plc, Chevron Corp, Exxon Mobil Corp, TotalEnergies SE, Fuchs SE, Repsol SA, Shell plc, Quaker Chemical Corp (Quaker Houghton), DuBois Chemicals Inc, and Phillips 66 are among the key players operating in the market.
The market size is projected to reach US$ 204.22 million by 2031.
Digitalization of lubrication management is a key future trend influencing the market.
1. Executive Summary
1.1 Analyst Market Outlook
1.2 Market Attractiveness
2. North America Industrial Lubricants for Machine Tools Market Landscape
2.1 Overview
2.2 Value Chain Analysis
2.2.1 Raw Material Components
2.2.2 Manufacturing Process/Technology
2.2.3 Distribution Landscape
2.2.4 Application/End-use
2.2.5 Level of Integration
2.3 Supply Chain Analysis
2.3.1 List of Manufacturers/Suppliers
2.3.2 List of Potential Customers (Upto 50)
2.4 Porter`s Five Force Analysis
2.4.1 Threat of New Entrants:
2.4.2 Bargaining Power of Suppliers
2.4.3 Bargaining Power of Buyers
2.4.4 Threat of Substitutes
2.4.5 Competitive Rivalry
2.5 PEST Analysis
2.5.1 Political Factors – Regulatory Oversight and Trade Alignment
2.5.2 Economic Factors – Industrial Growth and Raw Material Dynamics
2.5.3 Social Factors – Workforce Safety and Sustainability Awareness
2.5.4 Technological Factors – Automation, Digitalization, and Product Innovation
2.6 Import–Export Analysis for Key Countries (HS Code: 3403)
2.6.1 Import–Export Analysis for Key Countries
2.7 Impact of Artificial Intelligence (AI)
2.8 Product or Technology Roadmap
2.8.13 – Low-Toxicity and Regulatory-Compliant Lubricants
2.8.24 – Performance Enhancement and Extended Equipment Life
2.8.35 – Digital Lubricant Monitoring and Customization
2.8.46 and Beyond – Smart, Sustainable, and AI-Integrated Solutions
2.9 Sustainability and ESG Trends
2.10 Patent Analysis
2.11 Regulatory Framework
3. Competitive Landscape
3.1 Company Benchmarking by Key Players
3.2 Market Share Analysis, 2024 – By Key Players
3.3 Market Concentration
4. North America Industrial Lubricants for Machine Tools Market – Key Industry Dynamics
4.1 Market Drivers
4.1.1 Regulatory Compliance for Safety and Emissions
4.1.2 Preventive Maintenance Focus
4.1.3 Rising Industrial Automation
4.2 Market Restraints
4.2.1 High Cost of Specialty Lubricants
4.2.2 Volatility in Base Oil Prices
4.2.3 Environmental Restrictions on Waste Disposal
4.3 Market Opportunities
4.3.1 Bio-Based and Biodegradable Lubricants
4.3.2 Expansion in Aerospace and Defense Sectors
4.3.3 Emerging Industrial Hubs in Mexico and Canada
4.4 Future Trends
4.4.1 Digitalization of Lubrication Management
4.4.2 Customization for High-Precision Machining
4.4.3 Shift Toward Multi-Functional Lubricants
4.5 Impact of Drivers and Restraints
5. North America Industrial Lubricants for Machine Tools Market – Region Market Analysis
5.1 North America Industrial Lubricants for Machine Tools Market Volume (Kilo Tons), 2021–2031
5.2 North America Industrial Lubricants for Machine Tools Market Volume Forecast and Analysis (Kilo Tons)
5.3 North America Industrial Lubricants for Machine Tools Market Revenue and Forecast (US$ Million), 2021–2031
5.4 North America Industrial Lubricants for Machine Tools Market Revenue Forecast and Analysis (US$ Million)
6. North America Industrial Lubricants for Machine Tools Market Volume and Revenue Analysis – Base Oil
6.1 North America Industrial Lubricants for Machine Tools Market Forecasts and Analysis by Base Oil
6.1.1 Mineral Oil
6.1.1.1 Overview
6.1.1.2 Mineral Oil: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
6.1.1.3 Mineral Oil: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
6.1.2 Synthetic Oil
6.1.2.1 Overview
6.1.2.2 Synthetic Oil: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
6.1.2.3 Synthetic Oil: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
6.1.3 Bio-based Oil
6.1.3.1 Overview
6.1.3.2 Bio-based Oil: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
6.1.3.3 Bio-based Oil: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
7. North America Industrial Lubricants for Machine Tools Market Volume and Revenue Analysis – Product Type
7.1 North America Industrial Lubricants for Machine Tools Market Forecasts and Analysis by Product Type
7.1.1 Spindle Oils
7.1.1.1 Overview
7.1.1.2 Spindle Oils: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
7.1.1.3 Spindle Oils: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
7.1.2 Hydraulic Oils
7.1.2.1 Overview
7.1.2.2 Hydraulic Oils: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
7.1.2.3 Hydraulic Oils: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
7.1.3 Way or slideway Oils
7.1.3.1 Overview
7.1.3.2 Way or slideway Oils: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
7.1.3.3 Way or slideway Oils: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
7.1.4 Gear Oils
7.1.4.1 Overview
7.1.4.2 Gear Oils: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
7.1.4.3 Gear Oils: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
7.1.5 Others
7.1.5.1 Overview
7.1.5.2 Others: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
7.1.5.3 Others: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
8. North America Industrial Lubricants for Machine Tools Market Volume and Revenue Analysis – Function
8.1 North America Industrial Lubricants for Machine Tools Market Forecasts and Analysis by Function
8.1.1 Lubrication and Wear Reduction
8.1.1.1 Overview
8.1.1.2 Lubrication and Wear Reduction: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
8.1.1.3 Lubrication and Wear Reduction: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
8.1.2 Cooling or Heat Dissipation
8.1.2.1 Overview
8.1.2.2 Cooling or Heat Dissipation: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
8.1.2.3 Cooling or Heat Dissipation: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
8.1.3 Chip or Swarf Removal
8.1.3.1 Overview
8.1.3.2 Chip or Swarf Removal: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
8.1.3.3 Chip or Swarf Removal: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
8.1.4 Corrosion or Rust Protection
8.1.4.1 Overview
8.1.4.2 Corrosion or Rust Protection: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
8.1.4.3 Corrosion or Rust Protection: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
8.1.5 Others
8.1.5.1 Overview
8.1.5.2 Others: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
8.1.5.3 Others: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
9. North America Industrial Lubricants for Machine Tools Market Volume and Revenue Analysis – Application
9.1 North America Industrial Lubricants for Machine Tools Market Forecasts and Analysis by Application
9.1.1 Machine Slides or ways
9.1.1.1 Overview
9.1.1.2 Machine Slides or ways: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
9.1.1.3 Machine Slides or ways: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
9.1.2 Hydraulic System
9.1.2.1 Overview
9.1.2.2 Hydraulic System: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
9.1.2.3 Hydraulic System: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
9.1.3 Spindle Bearings
9.1.3.1 Overview
9.1.3.2 Spindle Bearings: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
9.1.3.3 Spindle Bearings: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
9.1.4 Gearboxes
9.1.4.1 Overview
9.1.4.2 Gearboxes: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
9.1.4.3 Gearboxes: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
9.1.5 Others
9.1.5.1 Overview
9.1.5.2 Others: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
9.1.5.3 Others: North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2031 (US$ Million)
10. North America Industrial Lubricants for Machine Tools Market – Country Analysis
10.1 North America Industrial Lubricants for Machine Tools Market Breakdown by Countries
10.1.1 United States Market
10.1.1.1 United States: Industrial Lubricants for Machine Tools Market Revenue and Forecasts, 2021–2031 (US$ Million)
10.1.1.2 United States: Industrial Lubricants for Machine Tools Market – By Segmentation
10.1.1.2.1 Base Oil
10.1.1.2.2 Product Type
10.1.1.2.3 Function
10.1.1.2.4 Application
10.1.2 Canada Market
10.1.2.1 Canada: Industrial Lubricants for Machine Tools Market Revenue and Forecasts, 2021–2031 (US$ Million)
10.1.2.2 Canada: Industrial Lubricants for Machine Tools Market – By Segmentation
10.1.2.2.1 Base Oil
10.1.2.2.2 Product Type
10.1.2.2.3 Function
10.1.2.2.4 Application
10.1.3 Mexico Market
10.1.3.1 Mexico: Industrial Lubricants for Machine Tools Market Revenue and Forecasts, 2021–2031 (US$ Million)
10.1.3.2 Mexico: Industrial Lubricants for Machine Tools Market – By Segmentation
10.1.3.2.1 Base Oil
10.1.3.2.2 Product Type
10.1.3.2.3 Function
10.1.3.2.4 Application
11. North America Industrial Lubricants for Machine Tools Market Industry Landscape
12. North America Industrial Lubricants for Machine Tools Market – Key Company Profiles
12.1 BP Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Chevron Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Exxon Mobil Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 TotalEnergies SE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Fuchs SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Repsol SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Shell Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Quaker Chemical Corp (Quaker Houghton)
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 DuBois Chemicals Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Phillips 66
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Glossary
13.2 Research Methodology and Approach
13.2.1 Secondary Research
13.2.2 Primary Research
13.2.3 Market Estimation Approach
13.2.3.1 Supply Side Analysis
13.2.3.2 Demand Side Analysis
13.2.4 Research Assumptions and Limitations
13.2.5 Currency Conversion
13.3 About The Insight Partners
13.4 Market Intelligence Cloud
List of Tables
Table 1. North America Industrial Lubricants for Machine Tools Market Segmentation
Table 2. List of Patents and Description
Table 3. List of Regulatory Bodies and Organizations
Table 4. Ease of Doing Business: Key Country Rankings
Table 5. Market Share Analysis, 2024 – By Key Players
Table 6. North America Industrial Lubricants for Machine Tools Market – Volume, 2021–2024 (Kilo Tons)
Table 7. North America Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025–2031 (Kilo Tons)
Table 8. North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million)
Table 9. North America Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million)
Table 10. North America Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Base Oil
Table 11. North America Industrial Lubricants for Machine Tools Market – Volume, 2025 – 2031 (Kilo Tons) – by Base Oil
Table 12. North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Base Oil
Table 13. North America Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Base Oil
Table 14. North America Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Product Type
Table 15. North America Industrial Lubricants for Machine Tools Market – Volume, 2025 – 2031 (Kilo Tons) – by Product Type
Table 16. North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Product Type
Table 17. North America Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type
Table 18. North America Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Function
Table 19. North America Industrial Lubricants for Machine Tools Market – Volume, 2025 – 2031 (Kilo Tons) – by Function
Table 20. North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Function
Table 21. North America Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Function
Table 22. North America Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Application
Table 23. North America Industrial Lubricants for Machine Tools Market – Volume, 2025 – 2031 (Kilo Tons) – by Application
Table 24. North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Application
Table 25. North America Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
Table 26. North America Industrial Lubricants for Machine Tools Market – Volume, 2021–2024(Kilo Tons) –by Country
Table 27. North America Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025–2031 (Kilo Tons) –by Country
Table 28. North America Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Country
Table 29. North America Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country
Table 30. United States: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by United States
Table 31. United States: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by United States
Table 32. United States: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Base Oil
Table 33. United States: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Base Oil
Table 34. United States: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by United States
Table 35. United States: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by United States
Table 36. United States: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Product Type
Table 37. United States: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type
Table 38. United States: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by United States
Table 39. United States: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by United States
Table 40. United States: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Function
Table 41. United States: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Function
Table 42. United States: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by United States
Table 43. United States: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by United States
Table 44. United States: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Application
Table 45. United States: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
Table 46. Canada: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Canada
Table 47. Canada: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by Canada
Table 48. Canada: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Base Oil
Table 49. Canada: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Base Oil
Table 50. Canada: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Canada
Table 51. Canada: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by Canada
Table 52. Canada: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Product Type
Table 53. Canada: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type
Table 54. Canada: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Canada
Table 55. Canada: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by Canada
Table 56. Canada: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Function
Table 57. Canada: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Function
Table 58. Canada: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Canada
Table 59. Canada: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by Canada
Table 60. Canada: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Application
Table 61. Canada: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
Table 62. Mexico: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Mexico
Table 63. Mexico: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by Mexico
Table 64. Mexico: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Base Oil
Table 65. Mexico: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Base Oil
Table 66. Mexico: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Mexico
Table 67. Mexico: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by Mexico
Table 68. Mexico: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Product Type
Table 69. Mexico: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type
Table 70. Mexico: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Mexico
Table 71. Mexico: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by Mexico
Table 72. Mexico: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Function
Table 73. Mexico: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Function
Table 74. Mexico: Industrial Lubricants for Machine Tools Market – Volume, 2021 – 2024 (Kilo Tons) – by Mexico
Table 75. Mexico: Industrial Lubricants for Machine Tools Market – Volume Forecast, 2025 – 2031 (Kilo Tons) – by Mexico
Table 76. Mexico: Industrial Lubricants for Machine Tools Market – Revenue, 2021–2024 (US$ Million) – by Application
Table 77. Mexico: Industrial Lubricants for Machine Tools Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
Table 78. Glossary – North America Industrial Lubricants for Machine Tools Market
List of Figures
Figure 1. North America Industrial Lubricants for Machine Tools Market – Value Chain Analysis
Figure 2. Porter’s Five Forces Analysis
Figure 3. Pest Analysis
Figure 4. North America Industrial Lubricants for Machine Tools Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Industrial Lubricants for Machine Tools Market Volume (Kilo Tons) (US$ Million), 2021–2031
Figure 7. North America Industrial Lubricants for Machine Tools Market Revenue and Forecast (US$ Million), 2021–2031
Figure 8. North America Industrial Lubricants for Machine Tools Market Share (%) – by Base Oil (2024 and 2031)
Figure 9. Mineral Oil: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 10. Mineral Oil: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 11. Synthetic Oil: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 12. Synthetic Oil: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 13. Bio-based Oil: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 14. Bio-based Oil: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 15. North America Industrial Lubricants for Machine Tools Market Share (%) – by Product Type (2024 and 2031)
Figure 16. Spindle Oils: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 17. Spindle Oils: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 18. Hydraulic Oils: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 19. Hydraulic Oils: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 20. Way or slideway Oils: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 21. Way or slideway Oils: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 22. Gear Oils: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 23. Gear Oils: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 24. Others: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 25. Others: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 26. North America Industrial Lubricants for Machine Tools Market Share (%) – by Function (2024 and 2031)
Figure 27. Lubrication and Wear Reduction: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 28. Lubrication and Wear Reduction: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 29. Cooling or Heat Dissipation: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 30. Cooling or Heat Dissipation: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 31. Chip or Swarf Removal: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 32. Chip or Swarf Removal: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 33. Corrosion or Rust Protection: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 34. Corrosion or Rust Protection: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 35. Others: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 36. Others: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 37. North America Industrial Lubricants for Machine Tools Market Share (%) – by Application (2024 and 2031)
Figure 38. Machine Slides or ways: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 39. Machine Slides or ways: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 40. Hydraulic System: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 41. Hydraulic System: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 42. Spindle Bearings: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 43. Spindle Bearings: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 44. Gearboxes: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 45. Gearboxes: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 46. Others: North America Industrial Lubricants for Machine Tools Market – Volume and Forecast, 2021 – 2031 (Kilo Tons)
Figure 47. Others: North America Industrial Lubricants for Machine Tools Market – Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 48. North America Industrial Lubricants for Machine Tools Market Breakdown by Key Countries, 2024 and 2031 (%)
Figure 49. United States: Industrial Lubricants for Machine Tools Market Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 50. Canada: Industrial Lubricants for Machine Tools Market Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 51. Mexico: Industrial Lubricants for Machine Tools Market Revenue and Forecasts, 2021–2031 (US$ Million)
Figure 52. Bottom–Up Approach and Top–Down Approach
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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