Global Food Grade Lubricants Market
Food grade lubricants perform the same technical functions as conventional lubricants. Additionally, they should resist degradation of food products and exhibit neutral chemical behaviour toward food processing equipment and food packaging materials while complying with food safety regulations. Food grade lubricants can be derived from petroleum or produced synthetically. Market play an important role in the food industry due to the beneficial properties of aluminium complex thickened grease such as high temperature resistance, water resistance, and chemical inertness toward food processing equipment. Food grade lubricants primarily used in food & beverage, pharmaceutical, and cosmetics industries.
The growing processed food industry is anticipated raise demand and drive the food grade lubricants market during the forecast period. The food application accounted for major share of the food grade lubricants market in 2015.
Market Drivers
Market growth can be driven by consumer lifestyle. The number of individuals lacking time or ability to prepare food in their homes is increasing, a higher number of people who have both the time and skill are currently searching for preservatives that can be used in the storage of their already prepared food. As the group with time and ability will need food-grade oils to maintain the taste of their foods, the convenience food market will also need to preserve their already prepared meals required to serve the group lacking time and ability.
Market Restraints
The major factor restraining the growth of the food grade lubricants market is the lack of proper training and awareness. Use of wrong lubricating oil or grease may result in huge losses. This issue restrains the growth of the market.
Market Segmentation
Globally market is segmented into oil based segmentation and application segmentation. Oil based segment is classified into mineral oil and synthetic oil. Mineral oil dominated the food grade lubricants market during the forecast period, followed by synthetic oil, in 2015. The dominance of mineral oil-based food grade lubricants is owed to its low cost and easy availability. Synthetic oil based food grade lubricants are expected to witness the highest CAGR between 2016 and 2021. Based on application segment, market is divide into food, beverages and pharmaceuticals & cosmetics. It is dominated by the food application. The dominance of food segment is mainly attributed to the increasing concern over food safety and rapid growth of the food processing industry. The application of food is projected to register the highest CAGR between 2016 and 2021, in terms of volume.
Regional Analysis
Globally, food grade lubricants market can be classified into North America, Europe, Asia Pacific (APAC), Middle East and Africa, China and Latin America. Europe is the largest market for food grade lubricants. The stringent food safety regulations in the region are expected to drive the increasing demand for food grade lubricants. According to the EU Food & Drinks Industry statistics, there are about 240,000 food and beverage manufacturing companies in Europe, with the maximum application of food-grade lubricants. Asia-Pacific is predicted to be the fastest-growing market between 2016 and 2021. This growth is attributed to the rising awareness and growing processed food industry in the region
Key Players
The global food grade lubricants market is largely dominated by a hand-full of companies. AB SKF, CONDAT, Dow Inc., FUCHS PETROLUB SE, Kluber Lubrication Munchen SE & Co. KG, LANXESS AG, Matrix Specialty, Lubricants BV, Petro-Canada Lubricants Inc., The Chemours Co., The Lubrizol Corp.
Industry development
In September 2017, Klüber Lubrication launched Klüberfood NH1 74-401, which is a synthetic high-temperature grease that is effective at permanent temperatures up to 160oC .
Global Food Grade Lubricants Market Segmentation
Base Oil Outlook
Application Outlook
By Region
Key Questions Addressed by the Report?
Global Food Grade Lubricants Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Food Grade Lubricants Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
5 Global Food Grade Lubricants Market, By Base Oil
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Food Grade Lubricants Market Share Analysis, By Base Oil
5.3 Global Food Grade Lubricants Market Size and Forecast, By Base Oil
5.3.1. Mineral
5.3.2. Synthetic
6 Global Food Grade Lubricants Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Food Grade Lubricants Market Share Analysis, By Application
6.3 Global Food Grade Lubricants Market Size and Forecast, By Application
6.3.1 Beverages
6.3.2 Food
6.3.3 Pharmaceuticals & cosmetics
7. Global Food Grade Lubricants Market, By Region
7.1 Global Food Grade Lubricants Market Share Analysis, By Region
7.2 Global Food Grade Lubricants Market Share Analysis, By Region
7.3 Global Food Grade Lubricants Market Size and Forecast, By Region
8. North America Food Grade Lubricants Market Analysis and Forecast (2021- 2030)
8.1 Introduction
8.2 North America Food Grade Lubricants Market Share Analysis, By Base Oil
8.3 North America Food Grade Lubricants Market Size and Forecast, By Application
9.5 North America Food Grade Lubricants Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9. Europe Food Grade Lubricants Market Analysis and Forecast (2021-2030)
9.1 Introduction
9.2 Europe Food Grade Lubricants Market Share Analysis, By Base Oil
9.3 Europe Food Grade Lubricants Market Size and Forecast, By Application
9.5 Europe Food Grade Lubricants Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10. Asia Pacific Food Grade Lubricants Market Analysis and Forecast (2021-2030)
10.1 Introduction
10.2 Asia Pacific Food Grade Lubricants Market Share Analysis, By Base Oil
10.3 Asia Pacific Food Grade Lubricants Market Size and Forecast, By Application
10.5 Asia Pacific Food Grade Lubricants Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11. Latin America Food Grade Lubricants Market Analysis and Forecast (2021-2030)
11.1 Introduction
11.2 Latin America Food Grade Lubricants Market Share Analysis, By Base Oil
11.3 Latin America Food Grade Lubricants Market Size and Forecast, By Application
11.5 Latin America Food Grade Lubricants Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12. Middle East Food Grade Lubricants Market Analysis and Forecast (2021-2030)
12.1 Introduction
12.2 Middle East Food Grade Lubricants Market Share Analysis, By Base Oil
12.3 Middle East Food Grade Lubricants Market Size and Forecast, By Application
12.5 Middle East Food Grade Lubricants Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
12.5.4 Kuwait
12.5.5. South Africa
13 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
14 Company Profiles
14.1 AB SKF
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. CONDAT
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Dow Inc
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 FUCHS PETROLUB
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Kluber Lubrication
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 LANXESS AG
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Matrix speciality
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Lubricants BV
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Petro Canada Lubricants
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 The chemours co.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 The Lubrizol Corp
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
