IndustryARC

Global Industrial Gear Oils Market (2014 – 2020)

By Type (R&O Inhibiting, EP, Compounded, Synthetic and Others);

By Application (Aviation, Construction, Industrial Machinery,

Mechanical Gears, Mining & Quarrying and Others) and By

Geography

Table of Contents

1. Global Industrial Gear Oils – Market Overview

2. Executive Summary

3. Global Industrial Gear Oils – Market Landscape

3.1. Market Share Analysis

3.2. Comparative Analysis

3.2.1. Product Benchmarking

3.2.2. End user profiling

3.2.3. Top 5 Financials Analysis

4. Global Industrial Gear Oils – Market Forces

4.1. Market Drivers

4.2. Market Constraints

4.3. Market Challenges

4.4. Attractiveness of the Gear Oils Industry

4.4.1. Power of Suppliers

4.4.2. Power of Customers

4.4.3. Threat of New entrants

4.4.4. Threat of Substitution

4.4.5. Degree of Competition

5. Global Industrial Gear Oils Market – Strategic Analysis

5.1. Value Chain Analysis

5.2. Pricing Analysis

5.3. Opportunities Analysis

5.4. Product/Market Life Cycle Analysis

5.5. Suppliers and Distributors

6. Global Industrial Gear Oils Market – By Type

6.1. Rust and oxidation (R&O) Inhibiting Gear Oils

6.2. Extreme Pressure (EP) Gear Oils

6.3. Compounded Gear Oils

6.4. Synthetic Gear Oils

6.5. Others ( Food Grade, Worm)

7. Global Industrial Gear Oils Market – By Application

7.1. Aviation

7.2. Construction

7.3. Industrial Machinery

7.4. Mechanical Gears

7.5. Mining and quarrying

7.6. Others (2 Cycle / Small engines)

8. Global Industrial Gear Oils Market—By Geography

8.1. Introduction  

8.2. Americas

8.2.1. North America

8.2.2. Brazil

8.2.3. Argentina

8.2.4. Mexico

8.2.5. Others

8.3. Europe

8.3.1. U.K.

8.3.2. France

8.3.3. Germany

8.3.4. Italy

8.3.5. Others

8.4. APAC

8.4.1. China

8.4.2. India

8.4.3. Japan

8.4.4. Australia

8.4.5. Others

8.5. ROW

9. Market Entropy

9.1. New Product Launches

9.2. M&As, Collaborations, JVs and Partnerships

10. Company Profiles

10.1. Lubrication Engineers Inc.

10.2. Fuchs Lubricants Co.

10.3. Royal Dutch Shell Plc.

10.4. Chevron Corporation

10.5. Cargill Incorporated

10.6. LOTOS Company

10.7. Lubrizol Corporation

10.8. Mobil Industrial Lubricants

10.9. Phillips 66 Lubricants

10.10. Moore & Balliew Oil Co., Inc.

10.11. Tomlin Scientific, Inc.

10.12. Texas Oil Group Ltd Co.

10.13. Chem Arrow Corporation

10.14. GMC Oil Company

10.15. Texas Petrochemical Asia Pacific Pte Ltd

10.16. Addinol Lube Oil GmbH 

10.17. Afton Chemical Corporation

10.18. North Sea Lubricants B.V.

10.19. Lubrita Company

10.20. Amalie Oil Company

11. Appendix

11.1. Abbreviations

11.2. Sources

11.3. Research Methodology

11.4. Bibliography

11.5. Compilation of Expert Insights

11.6. Disclaimer

LIST OF TABLESTable 1 Global Industrial Gear Oils Market – Pricing Analysis ($)

Table 2 Global Industrial Gear Oils Market Revenue, By Type, 2014-

2020 ($M)

Table 3 Global Industrial Gear Oils Market Volume, By Type, 2014-

2020 (Kilo Tons)

Table 4 Global Industrial Gear Oils Market Revenue, By Application,

2014-2020 ($M)

Table 5 Global Industrial Gear Oils Market Volume, By Application,

2014-2020 (Kilo Tons)

Table 6 Global Industrial Gear Oils Market Revenue, By Geography,

2014-2020 ($M)

Table 7 Global Industrial Gear Oils Market Volume, By Geography,

2014-2020 (Kilo Tons)

Table 8 Global Rust and oxidation (R&O) Inhibiting Gear Oils Market

Revenue, By Application, 2014-2020 ($M)

Table 9 Global Rust and oxidation (R&O) Inhibiting Gear Oils Market

Volume, By Application, 2014-2020 (Kilo Tons)

Table 10 Global Extreme Pressure (EP) Gear Oils Market Revenue, By

Application, 2014-2020 ($M)

Table 11 Global Extreme Pressure (EP) Gear Oils Market Volume, By

Application, 2014-2020 (Kilo Tons)

Table 12 Global Compounded Gear Oils Market Revenue, By

Application, 2014-2020 ($M)

Table 13 Global Compounded Gear Oils Market Volume, By

Application, 2014-2020 (Kilo Tons)

Table 14 Global Synthetic Gear Oils Market Revenue, By Application,

2014-2020 ($M)

Table 15 Global Synthetic Gear Oils Market Volume, By Application,

2014-2020 (Kilo Tons)

Table 16 Global Other Gear Oils Market Revenue, By Application,

2014-2020 ($M)

Table 17 Global Other Gear Oils Market Volume, By Application,

2014-2020 (Kilo Tons)

Table 18 Americas Industrial Gear Oils Market Revenue, By Type,

2014-2020 ($M)

Table 19 Americas Industrial Gear Oils Market Volume, By Type,

2014-2020 (Kilo Tons)

Table 20 Americas Industrial Gear Oils Market Revenue, By

Application, 2014-2020 ($M)

Table 21 Americas Industrial Gear Oils Market Volume, By

Application, 2014-2020 (Kilo Tons)

Table 22 Americas Industrial Gear Oils Market Revenue, By Country,

2014-2020 ($M)

Table 23 Americas Industrial Gear Oils Market Volume, By Country,

2014-2020 (Kilo Tons)

Table 24 APAC Industrial Gear Oils Market Revenue, By Type, 2014-

2020 ($M)

Table 25 APAC Industrial Gear Oils Market Volume, By Type, 2014-

2020 (Kilo Tons)

Table 26 APAC Industrial Gear Oils Market Revenue, By Application,

2014-2020 ($M)

Table 27 APAC Industrial Gear Oils Market Volume, By Application,

2014-2020 (Kilo Tons)

Table 28 APAC Industrial Gear Oils Market Revenue, By Country, 2014-

2020 ($M)

Table 29 APAC Industrial Gear Oils Market Volume, By Country, 2014-2020

(Kilo Tons)

Table 30 Europe Industrial Gear Oils Market Revenue, By Type, 2014-2020

($M)

Table 31 Europe Industrial Gear Oils Market Volume, By Type, 2014-2020

(Kilo Tons)

Table 32 Europe Industrial Gear Oils Market Revenue, By Application,

2014-2020 ($M)

Table 33 Europe Industrial Gear Oils Market Volume, By Application, 2014-

2020 (Kilo Tons)

Table 34 Europe Industrial Gear Oils Market Revenue, By Country, 2014-

2020 ($M)

Table 35 Europe Industrial Gear Oils Market Volume, By Country, 2014-

2020 (Kilo Tons)

Table 36 RoW Industrial Gear Oils Market Revenue, By Type, 2014-2020

($M)

Table 37 RoW Industrial Gear Oils Market Volume, By Type, 2014-2020

(Kilo Tons)

Table 38 RoW Industrial Gear Oils Market Revenue, By Application, 2014-

2020 ($M)

Table 39 RoW Industrial Gear Oils Market Volume, By Application, 2014-

2020 (Kilo Tons)

Table 40 RoW Industrial Gear Oils Market Revenue, By Country, 2014-2020

($M)

Table 41 RoW Industrial Gear Oils Market Volume, By Country, 2014-2020

(Kilo Tons)

Table 42 Global Rust and oxidation (R&O) Inhibiting Gear Oils Market

Revenue, By Geography, 2014-2020 ($M)

Table 43 Global Rust and oxidation (R&O) Inhibiting Gear Oils Market

Volume, By Geography, 2014-2020 (Kilo Tons)

Table 44 Global Extreme Pressure (EP) Gear Oils Market Revenue, By

Geography, 2014-2020 ($M)

Table 45 Global Extreme Pressure (EP) Gear Oils Market Volume, By

Geography, 2014-2020 (Kilo Tons)

Table 46 Global Compounded Gear Oils Market Revenue, By Geography,

2014-2020 ($M)

Table 47 Global Compounded Gear Oils Market Volume, By Geography,

2014-2020 (Kilo Tons)

Table 48 Global Synthetic Gear Oils Market Revenue, By Geography, 2014-

2020 ($M)

Table 49 Global Synthetic Gear Oils Market Volume, By Geography, 2014-

2020 (Kilo Tons)

Table 50 Global Other Gear Oils Market Revenue, By Geography, 2014-

2020 ($M)

Table 51 Global Other Gear Oils Market Volume, By Geography, 2014-2020

(Kilo Tons)

Table 52 M&A, Product Launches, 2010-2015

LIST OF FIGURES

Figure 1 Global Industrial Gear Oils Market, By Geography, 2014 - 2020 ($M)

Figure 2 Segmentation of Global Industrial Gear Oils Market

Figure 3 Global Industrial Gear Oils Market Competitive Share Analysis, 2014(%)

Figure 4 Global Industrial Gear Oils Market Share, By Type, 2014 (%)

Figure 5 Global Industrial Gear Oils Market Share, By Application, 2014 (%)

Figure 6 Global Industrial Gear Oils Market Share, By Geography, 2014 (%)

Figure 7 Americas Industrial Gear Oils Market Share, By Country, 2014 (%)

Figure 8 Europe Industrial Gear Oils Market Share, By Country, 2014 (%)

Figure 9 APAC Industrial Gear Oils Market Share, By Country, 2014 (%)

Figure 10 RoW Industrial Gear Oils Market Share, By Country, 2014 (%)

Figure 11 Global Industrial Gear Oils Market Recent Developments, By Year, 2012-2015

1. GLOBAL INDUSTRIAL GEAR OILS – MARKET

OVERVIEW1.1 SCOPE

Industrial gear oil is a specific type of lubricant mainly used in industrial

gearboxes. They are more capable to handle the extreme pressure and

heat generated by such machines. Having higher viscosity, industrial

gear oil protects the complex machineries like transmission and

increases their durability or life. Changes in power & weight of industrial

gearboxes and also its specifications forced to manufacture improved

gear oil. Demand for industrial gear oil is in the rising trend throughout

the globe.

Global industrial gear oil market has been segmented by different types

like rust and oxidation (R & O) inhibiting gear oils, extreme pressure (EP)

gear oils, compounded gear oils, synthetic gear oils and others (food

grade, worm). The global market is further segmented on the basis of

different application areas such as aviation, construction, industrial

machineries, mechanical gears and others . Each of these segments is

further broken down to give an in-depth analysis of the market. The

report also focuses on different geographic regions and the key countries

in terms of changing trends in using industrial gear oil in various fields.

Competitive landscape for each of the product types is highlighted and

market players are profiled with attributes of company overview,

financial overview, business strategies, product portfolio and recent

developments. The study includes the demand of this particular market

on a global and regional scale for a six year period of 2014-2020, both in

terms of volume(kilo tons) and revenue($ billion).

This report gives detailed information about the product value chain

right from the beginning which includes raw materials till end-use. The

market is evaluated based on the key attributes such as the power in the

hands of producers and consumers, analysis on the degree of

competition, and threats from substitutes and new entrants. The report

also includes the overview of Lubrication Engineers Inc., Fuchs

Lubricants Co., Royal Dutch Shell Plc., Chevron Corporation and many

others.

1.2 StakeholdersThe following are the key stakeholders in the Industrial Gear Oils:

Manufacturers of gear boxes

Gear oil manufacturers

Instrumentation and Automation Service providers

Oil exploration firms

Suppliers & Distributors

Regulatory Institution

2. EXECUTIVE SUMMARYIndustrial gear oil is a part of Industrial lubricants. Industrial gear oil

market is a niche and attractive segment. Demand is higher in APAC and

Latin America because of higher growth rate of industrial sector such as

aviation, construction in these regions. Standards or specifications for

industrial gear oil are regulated by different regulatory bodies mainly

American Gear Manufacturers Association (AGMA), German Institute for

Standardization (DIN) and American Petroleum Institute (API).

Rapid industrialization in emerging countries Brazil, Russia, India and

China (BRIC) will continue to stimulate the demand for industrial gear

oil. Industrial lubricant market is estimated to contribute around 38% to

the global lubricant market volume by 2020.

SAMPLE TABLE: GLOBAL INDUSTRIAL GEAR OIL MARKET REVENUE, BY PRODUCT TYPE, 2014-2020 ($M)

Product Type 2014 2015 2016 2017 2018 2019 2020 CAGR (2015 - 2020) %

R&O Inhibiting Gear Oil xx xx xx xx xx xx xx xx%EP Gear Oil xx xx xx xx xx xx xx xx%Compounded Gear Oil xx xx xx xx xx xx xx xx%Synthetic Gear Oil xx xx xx xx xx xx xx xx%Others xx xx xx xx xx xx xx xx%Total xx xx xx xx xx xx xx xx%Source: IndustryARC Analysis, Expert Insights

R&O inhabiting gear oil has better chemical stability, demulsibility,

corrosion prevention and foam suppression; whereas in case of EP gear

oil the special additives in it enhances the film strength and load carrying

capacity. Compounded gear oil is best for the worm gear system because

it can increase the lubricity.

SAMPLE FIGURE: GLOBAL INDUSTRIAL GEAR OIL MARKET SHARE BY GEOGRAPHY (%), 2014

North AmericaEuropeAPACROW

Source: Industry ARC Analysis, Expert Interviews

The above figure illustrates the current global industrial gear oil market

share by geographic regions. As shown, APAC dominates the market with

around 40% and expected to grow at a CAGR of 3% till 2020. North

American market is in second place with xx% and Europe in third with xx

%.

MARKET INSIGHTS Prominent industrial gear oil manufacturer Lubrication Engineers

Inc. launched a new product named synthetic Ovenworx NSF H1, which is safe to use in food manufacturing plants as it contains no artificial dyes.

Amalie Oil Company has entered into an agreement with Tampa Bay Sports and Entertainment LLC, to manufacture industrial gear oils.

Afton Chemical launched new additive i.e., HiTEC® 8744X Heavy Duty Diesel Oil (HDDO) and it is used to reduce the friction in the heavy machinery.

Addinol has launched a new multi-functional oil i.e., ADDINOL UTTO Plus to enhance best viscosity and also for the use at low temperature.

It is anticipated that in the coming future, the cost of the gear box

manufacturing is lowered, while increased productivity at the end-user

level will have additional demands on gear oils.

3. RESEARCH METHODOLOGY

The quantitative and qualitative data collected for the global Industrial gear oil market report is from a combination of secondary and primary sources. Research interviews were conducted with senior executives and/or managers of leading global Industrial gear oil manufacturers. These Key Opinion Leaders (KOLs) were then provided a questionnaire to gather quantitative and qualitative inputs on their operations, performance, strategies and views on the overall market, including key developments and technology trends. Data from interviews is consolidated, checked for consistency and accuracy, and the final market numbers are again validated by experts. The global market was split by types, application, composition and geography based on different factors like primary and secondary sources, understanding of the number of companies operating in each segment and also KOL insights.

We have used various secondary sources such as directories, articles, white papers, newsletters, annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and collect information for extensive technical and commercial study of the global Industrial gear oil market.

The key players in the market and its value chain were identified through secondary research and their market opinions were also gathered in a similar way through telephonic interviews and questionnaires. We have also studied the annual reports of these top market players. Interviews with key opinion leaders such as directors, managers, and marketing personnel were used extensively in understanding the need and emergence of global Industrial gear oil market.

THE ARC ADVANTAGE

An analytical model lies at the core of our process, ensuring logical consistency throughout our research. We complement the model with secondary data and interviews with industry experts to reflect the latest trends. With our final expert validation, we provide you with only the most accurate and actionable intelligence.

THE ARC PROCESS

ANALYTICAL MODEL BASE MODEL CONSOLIDATED MODEL ARC MODEL

Analytical Method

Base Method

Consolidation Method

Delphi Verification

1. Granular breakdown of drivers into factors

2. Validate all factors in terms of their present impact on the market

3. Assign weights to these factors in terms of their relevance and impact on the market

1. Get a top-down estimate of the market

2. Follow it up with a bottom-up estimate of the market

3. Check forconsistency and new growth factors that are relevant over the next 10 Years

1. Granular breakdown of drivers into factors

2. Validate all factors in terms of their present impact on the market.

3. Assign weights to these factors in terms of their relevance and impact on the market.

1. Verify the findings of the model with experts from across the value chain

2. Verify the findings with players across small and large enterprises

3. Tweak the model and add new factors

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