Market Research Information Industrial Lubricants Market

Industrial Lubricants Market –Size, Share,
Outlook, and Opportunity Analysis, 2018 -
2025
An industrial lubricant is a substance that is used to reduce friction between surfaces that are in mutual
contact with each other. It also transmits forces and acts as a coolant between the surfaces. The
property of reducing friction is called lubricity. Lubricants contain around 90% base oil (crude oil) and
less than 10% additives. Synthetic liquids that include polyolefins, esters, silicones, fluorocarbons, and
others are often used as base oil. The additives play an important role in reduction of friction and wear
and offer increased viscosity, resistance to corrosion and oxidation, aging or contamination, and others.
Market Dynamics
Industrial lubricants play an important role in reduction of wear and tear, and aids in increasing the
durability of tools and moving parts, in addition to reduction in the time spent in servicing of the parts.
These are some of the major factors that are expected to propel growth of the industrial lubricants
market.
However, lubricants both new and recycled ones damage the environment on account of their high
potential to cause water pollution. Furthermore, the additives that are present in lubricants are
poisonous to the flora and fauna present. The oxidation products in recycled industrial lubricants are
extremely harmful. An industrial lubricant’s degradability depends upon the base fluid, however very
toxic additives can have a negative effect on the degradability of the industrial lubricants as well.
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According to United States Environmental Protection Agency (EPA), in 2016, around 50% of all
lubricants sold worldwide ended up in the environment due to volatility, spills, discharges or accidents.
Moreover, around 95 % of these lubricants had a mineral oil base. The high eco-toxicity and low
biodegradable nature of mineral oil-based industrial lubricants are a major threat to the environment.
Therefore, adoption of these is expected to reduce, in turn negatively affecting growth of the market.
Moreover, the high cost of synthetic and bio-based lubricants as they need to be refined to be thinner