Industrial Oils Market Size, Trends, Analysis, and Outlook By Application (Soybean, Corn, Sunflower, Cottonseed, Rapeseed, Palm, Others), By Type (Grade I (Light), Grade II (Medium), Grade III (Heavy)), By End-User (Biofuel, Paints & coatings, Cosmetics &

Industrial Oils Market Size, Trends, Analysis, and Outlook By Application (Soybean, Corn, Sunflower, Cottonseed, Rapeseed, Palm, Others), By Type (Grade I (Light), Grade II (Medium), Grade III (Heavy)), By End-User (Biofuel, Paints & coatings, Cosmetics & personal care, Pharmaceuticals, Others), by Country, Segment, and Companies, 2024-2032


Automotive Carbon Brake Rotors Market is forecast to register a 9.5% CAGR from 2024 to 2030, driven by opportunities in North America, Europe, Asia Pacific, Latin America, Middle East, Africa

The industrial oils market is growing due to their widespread use in sectors such as biofuels, lubricants, and cosmetics. Oils like soybean, palm, and sunflower are used for non-food applications, with demand increasing for sustainable and renewable sources. Innovations in industrial oil extraction and processing are also contributing to market growth.

Industrial Oils Market Drivers, Trends, Opportunities, and Growth Opportunities

The comprehensive report presents unique market trends and challenges shaping the outlook for industry stakeholders. The Future of Industrial Oils survey report provides the market size outlook across types, applications, and segments globally and regionally. It also offers data-driven insights and actionable recommendations for companies in the Industrial Oils industry.

Key market trends defining the global Industrial Oils demand in 2025 and Beyond

The Industrial Oils industry remains an attractive hub for both domestic and global vendors. As we enter 2025, demand from end-user sectors, changes in consumption patterns, new product launches, and widening distribution channels will play major roles.

Industrial Oils Market Segmentation- Industry Share, Market Size, and Outlook to 2032

Rising demand for diverse products and applications fuels the increased investments in niche segments. Leading companies focus on generating a large share of their future revenue growth by expanding into these niche segments. The report presents a market size outlook across segments, supporting companies scaling up production with a focus on potential countries.

Key strategies adopted by companies within the Industrial Oils industry

Leading Industrial Oils companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions. In particular, companies that leverage advanced technologies to achieve operational excellence are set to gain significant revenues. The report details the key strategies adopted by the top 10 Industrial Oils companies.

Industrial Oils Market Study- Strategic Analysis Review

The market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions.
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Industrial Oils Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Industrial Oils industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.

Industrial Oils Country Analysis and Revenue Outlook to 2032

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.

North America Industrial Oils Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Industrial Oils market segments. Similarly, strong market demand encourages Canadian Industrial Oils companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Industrial Oils Market Size Outlook- Companies investing in assessing consumers, categories, competitors, and capabilities.

The German Industrial Oils industry remains the major market for companies in the European Industrial Oils industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Industrial Oils market fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and addressing niche consumer segments.

Asia Pacific Industrial Oils Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing pool of consumer base, robust consumption expenditure, and increasing investments in manufacturing drive the demand for Industrial Oils in Asia Pacific. In particular, China, India, and South East Asian Industrial Oils markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Industrial Oils Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to higher purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Industrial Oils Market Size Outlook- continues its upward trajectory across segments.

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Industrial Oils market potential. Fuelled by increasing consumption expenditure of individuals and growing population drive the demand for Industrial Oils.

Industrial Oils Company Profiles

The global Industrial Oils market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. The leading companies included in the study are A&A Fratelli Parodi S.p.A., AAK Kamani Private Ltd, Ag Processing Inc (AGP), Archer Daniels Midland Company (ADM), Bühler Group, Bunge Ltd, Cargill Inc, CHS Inc, Gemtek Products, Louis Dreyfus Company B.V., Soya Mills SA, Wilmar International Ltd.

Recent Industrial Oils Market Developments

The global Industrial Oils market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Industrial Oils Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Application

Soybean

Corn

Sunflower

Cottonseed

Rapeseed

Palm

Others

By Type

Grade I (Light)

Grade II (Medium)

Grade III (Heavy)

By End-User

Biofuel

Paints & coatings

Cosmetics & personal care

Pharmaceuticals

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

A&A Fratelli Parodi S.p.A.

AAK Kamani Private Ltd

Ag Processing Inc (AGP)

Archer Daniels Midland Company (ADM)

Bühler Group

Bunge Ltd

Cargill Inc

CHS Inc

Gemtek Products

Louis Dreyfus Company B.V.

Soya Mills SA

Wilmar International Ltd

Formats Available: Excel, PDF, and PPT


Chapter 1: Executive Summary
1.1 Study Scope
1.2 Market Definition
1.3 Report Guide
1.3.1 Country Coverage
1.3.2 Companies Profiled
1.3.3 Study Period: 2018 to 2023 and 2024 to 2032
1.3.4 Units
1.4 Abbreviations
Chapter 2. Industrial Oils Market Overview- 2025
2.1 An Introduction to the Global Industrial Oils Markets
2.2 Key Statistics
2.3 Region Benchmarking, 2024
2.4 Country Positioning Matrix, 2024
Chapter 3. Strategic Analysis Review
3.1 Industrial Oils Industry Stakeholders
3.2 Value Chain Analysis
3.3 Porter’s Five Forces Analysis
3.4 SWOT Profile
3.5 Recent Market Developments
Chapter 4. Impact Analysis and Scenario Forecasts
4.1 Russia-Ukraine Conflict Analysis
4.2 COVID-19: Post Pandemic Recovery Analysis
4.3 US Inflation and Sluggish Growth in China
4.4 Focus on Sustainability
4.5 Low Growth Case Scenario: Global Industrial Oils Market Outlook to 2032
4.6 Reference Case Scenario: Global Industrial Oils Market Outlook to 2032
4.7 High Growth Case Scenario: Global Industrial Oils Market Outlook to 2032
Chapter 5: Industrial Oils Market Dynamics
5.1 Key Industrial Oils Market Trends
5.2 Potential Industrial Oils Market Opportunities
5.3 Key Market Challenges
Chapter 6: Global Industrial Oils Market Analysis and Outlook to 2032
6.1 Global Market Outlook by Segments, 2021 to 2032
6.2 Application
Soybean
Corn
Sunflower
Cottonseed
Rapeseed
Palm
Others
Type
Grade I (Light)
Grade II (Medium)
Grade III (Heavy)
End-User
Biofuel
Paints & coatings
Cosmetics & personal care
Pharmaceuticals
Others
6.3 Global Market Outlook by Region, 2021 to 2032
Chapter 7: North America Industrial Oils Market Analysis and Outlook to 2032
7.1 North America Market Outlook by Segments, 2021- 2032
7.2 Application
Soybean
Corn
Sunflower
Cottonseed
Rapeseed
Palm
Others
Type
Grade I (Light)
Grade II (Medium)
Grade III (Heavy)
End-User
Biofuel
Paints & coatings
Cosmetics & personal care
Pharmaceuticals
Others
7.3 North America Market Outlook by Country, 2021- 2032
7.3.1 United States Industrial Oils Market Size Forecast, 2021- 2032
7.3.2 Canada Industrial Oils Market Size Forecast, 2021- 2032
7.3.3 Mexico Industrial Oils Market Size Forecast, 2021- 2032
Chapter 8: Europe Industrial Oils Market Analysis and Outlook to 2032
8.1 Europe Market Outlook by Segments, 2021- 2032
8.2 Application
Soybean
Corn
Sunflower
Cottonseed
Rapeseed
Palm
Others
Type
Grade I (Light)
Grade II (Medium)
Grade III (Heavy)
End-User
Biofuel
Paints & coatings
Cosmetics & personal care
Pharmaceuticals
Others
8.3 Europe Market Outlook by Country, 2021- 2032
8.3.1 Germany Industrial Oils Market Size Forecast, 2021- 2032
8.3.2 France Industrial Oils Market Size Forecast, 2021- 2032
8.3.3 United Kingdom Industrial Oils Market Size Forecast, 2021- 2032
8.3.4 Spain Industrial Oils Market Size Forecast, 2021- 2032
8.3.5 Italy Industrial Oils Market Size Forecast, 2021- 2032
8.3.6 Russia Industrial Oils Market Size Forecast, 2021- 2032
8.3.7 Rest of Europe Industrial Oils Market Size Forecast, 2021- 2032
Chapter 9: Asia Pacific Industrial Oils Market Analysis and Outlook to 2032
9.1 Asia Pacific Market Outlook by Segments, 2021- 2032
9.2 Application
Soybean
Corn
Sunflower
Cottonseed
Rapeseed
Palm
Others
Type
Grade I (Light)
Grade II (Medium)
Grade III (Heavy)
End-User
Biofuel
Paints & coatings
Cosmetics & personal care
Pharmaceuticals
Others
9.3 Asia Pacific Market Outlook by Country, 2021- 2032
9.3.1 China Industrial Oils Market Size Forecast, 2021- 2032
9.3.2 India Industrial Oils Market Size Forecast, 2021- 2032
9.3.3 Japan Industrial Oils Market Size Forecast, 2021- 2032
9.3.4 South Korea Industrial Oils Market Size Forecast, 2021- 2032
9.3.5 Australia Industrial Oils Market Size Forecast, 2021- 2032
9.3.6 South East Asia Industrial Oils Market Size Forecast, 2021- 2032
9.3.7 Rest of Asia Pacific Industrial Oils Market Size Forecast, 2021- 2032
Chapter 10: South America Industrial Oils Market Analysis and Outlook to 2032
10.1 South America Market Outlook by Segments, 2021- 2032
10.2 Application
Soybean
Corn
Sunflower
Cottonseed
Rapeseed
Palm
Others
Type
Grade I (Light)
Grade II (Medium)
Grade III (Heavy)
End-User
Biofuel
Paints & coatings
Cosmetics & personal care
Pharmaceuticals
Others
10.3 South America Market Outlook by Country, 2021- 2032
10.3.1 Brazil Industrial Oils Market Size Forecast, 2021- 2032
10.3.2 Argentina Industrial Oils Market Size Forecast, 2021- 2032
10.3.3 Rest of South America Industrial Oils Market Size Forecast, 2021- 2032
Chapter 11: Middle East and Africa Industrial Oils Market Analysis and Outlook to 2032
11.1 Middle East and Africa Market Outlook by Segments, 2021- 2032
11.2 Application
Soybean
Corn
Sunflower
Cottonseed
Rapeseed
Palm
Others
Type
Grade I (Light)
Grade II (Medium)
Grade III (Heavy)
End-User
Biofuel
Paints & coatings
Cosmetics & personal care
Pharmaceuticals
Others
11.3 Middle East and Africa Market Outlook by Country, 2021- 2032
11.3.1 Saudi Arabia Industrial Oils Market Size Forecast, 2021- 2032
11.3.2 The UAE Industrial Oils Market Size Forecast, 2021- 2032
11.3.3 Rest of Middle East Industrial Oils Market Size Forecast, 2021- 2032
11.3.4 South Africa Industrial Oils Market Size Forecast, 2021- 2032
11.3.4 Rest of Africa Industrial Oils Market Size Forecast, 2021- 2032
Chapter 12: Competitive Landscape
12.1 Competitive Analysis- Product Profile, SWOT, Financial Profiles
12.2 Key Companies Profiled in the Study
12.3 A&A Fratelli Parodi S.p.A.
AAK Kamani Private Ltd
Ag Processing Inc (AGP)
Archer Daniels Midland Company (ADM)
Bühler Group
Bunge Ltd
Cargill Inc
CHS Inc
Gemtek Products
Louis Dreyfus Company B.V.
Soya Mills SA
Wilmar International Ltd
Chapter 13: Sources and Research Methodology
13.1 Primary and Secondary Sources
13.2 Research Methodology
13.3 Data Triangulation and Validation
13.4 Assumptions and Limitations
13.5 Forecast Methodology
Appendix
A: Highlights of the Q4-2024 Version
B: Conclusion and Future Recommendations
C: Customization Options
D: Contact Information
List of Figures
Figure 1: Country Analysis: Largest Market Share (%)- 2024 vs. 2032
Figure 2: GDP (Current Prices) Outlook by Country, 2010- 2032
Figure 3: Population Outlook by Country, 2010- 2032
Figure 4: Inflation Outlook by Country (%), 2024- 2032
Figure 5: Global Industrial Oils Market Outlook by Type, 2021- 2032
Figure 6: Global Industrial Oils Market Outlook by Application, 2021- 2032
Figure 7: Global Industrial Oils Market Outlook by Region, 2021- 2032
Figure 8: North America Industrial Oils Market Snapshot, Q4-2024
Figure 9: North America Industrial Oils Market Size Forecast by Type, 2021- 2032
Figure 10: North America Industrial Oils Market Size Forecast by Application, 2021- 2032
Figure 11: North America Industrial Oils Market Share by Country, 2023
Figure 12: Europe Industrial Oils Market Snapshot, Q4-2024
Figure 13: Europe Industrial Oils Market Size Forecast by Type, 2021- 2032
Figure 14: Europe Industrial Oils Market Size Forecast by Application, 2021- 2032
Figure 15: Europe Industrial Oils Market Share by Country, 2023
Figure 16: Asia Pacific Industrial Oils Market Snapshot, Q4-2024
Figure 17: Asia Pacific Industrial Oils Market Size Forecast by Type, 2021- 2032
Figure 18: Asia Pacific Industrial Oils Market Size Forecast by Application, 2021- 2032
Figure 19: Asia Pacific Industrial Oils Market Share by Country, 2023
Figure 20: South America Industrial Oils Market Snapshot, Q4-2024
Figure 21: South America Industrial Oils Market Size Forecast by Type, 2021- 2032
Figure 22: South America Industrial Oils Market Size Forecast by Application, 2021- 2032
Figure 23: South America Industrial Oils Market Share by Country, 2023
Figure 24: Middle East and Africa Industrial Oils Market Snapshot, Q4-2024
Figure 25: Middle East and Africa Industrial Oils Market Size Forecast by Type, 2021- 2032
Figure 26: Middle East and Africa Industrial Oils Market Size Forecast by Application, 2021- 2032
Figure 27: Middle East and Africa Industrial Oils Market Share by Country, 2023
Figure 28: United States Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 29: Canada Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 30: Mexico Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 31: Germany Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 32: France Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 33: United Kingdom Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 34: Spain Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 35: Italy Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 36: Russia Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 37: Rest of Europe Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 38: China Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 39: India Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 40: Japan Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 41: South Korea Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 42: Australia Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 43: South East Asia Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 44: Rest of APAC Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 45: Brazil Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 46: Argentina Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 47: Rest of LATAM Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 48: Saudi Arabia Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 49: UAE Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 50: South Africa Industrial Oils Market Size Outlook, $ Million, 2021- 2032
Figure 51: Research Methodology
Figure 52: Forecast Methodology
List of Tables
Table 1: Market Scope and Segmentation
Table 2: Global Industrial Oils Market Size Outlook, $Million, 2021 to 2032
Table 3: Low Case Scenario Forecasts
Table 4: Reference Case Scenario Forecasts
Table 5: High Growth Scenario Forecasts
Table 6: Global Industrial Oils Market Size Outlook by Segments, 2021- 2032
Table 7: Global Industrial Oils Market Size Outlook by Region, 2021- 2032
Table 8: Country Mapping, 2023 vs. 2032
Table 9: North America- Industrial Oils Market Outlook by Type, 2021- 2032
Table 10: North America- Industrial Oils Market Outlook by Country, 2021- 2032
Table 11: Europe - Industrial Oils Market Outlook by Type, 2021- 2032
Table 12: Europe - Industrial Oils Market Outlook by Country, 2021- 2032
Table 13: Asia Pacific - Industrial Oils Market Outlook by Type, 2021- 2032
Table 14: Asia Pacific - Industrial Oils Market Outlook by Country, 2021- 2032
Table 15: South America- Industrial Oils Market Outlook by Type, 2021- 2032
Table 16: South America- Industrial Oils Market Outlook by Country, 2021- 2032
Table 17: Middle East and Africa - Industrial Oils Market Outlook by Type, 2021- 2032
Table 18: Middle East and Africa - Industrial Oils Market Outlook by Country, 2021- 2032
Table 19: Business Snapshots of Leading Industrial Oils Companies
Table 20: Product Profiles of Leading Industrial Oils Companies
Table 21: SWOT Profiles of Leading Industrial Oils Companies

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