Turbine Oils Market by Types 2021 | IndustryARC
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Turbine oil market
Turbine Oils Market: By Types (Mineral, Synthetic and Bio-based); By Application (Gas Turbines, Steam Turbines, Hydraulic Systems, Air Compressors & Vacuum Pumps and Others); By End Users (Aviation, Automotive, Marine, Energy and Others) & Geography -Forecast (2017-2021)
Report Code : CMR 0012
Published: 26 April, 2017  

  • Report Description
  • Table of Contents
  • Tables And Figures
  • Customization Options
Turbine oils are used in power plants, gas turbine lubrication, excavators and forklifts due to properties like high corrosion and oxidation inhibition and foam suppression. The Turbine Oil market is exhibiting strong growth because of improving economies, growing energy demand across the developing and developed regions of the world. Furthermore, the growing need for alternate energy sources such as wind energy will be met by large-scale wind energy plants, which will require enormous quantities of turbine oil for maintenance.

Turbine Oils Market

This Oil is a high quality mineral oil with an excellent capacity of water separation. It was primarily designed for use in turbines, gradually it evolved into rust and oxidation inhibited oil, which gives long service life with the use of conventional filters. The current group of turbine oils is made of top quality base stocks, combined with tremendously long life oxidation and rust inhibitors which function at higher temperatures. This market is anticipated to see an upsurge during the forecast period 2017-2021 and is expected to grow at a CAGR of 3.62% for the same period. Aviation is the largest end user segment of Turbine oils globally, followed by automobile end use segment. India’s civil aviation industry is on a high-growth trajectory. India aims to become the third-largest aviation market by 2020 and the largest by 2030. During January-August 2016, domestic air passenger traffic rose 23.14% to 64.47 million from 52.36 million during the same period in 2015.

APAC and the Americas have witnessed significant growth in renewable energy with the global share rising to more than 60% of the market in 2016. Some of the key factors affecting the market growth gear lubricants include, huge foreign investments pouring into the industrialization sector of BRICS, coupled with the parallel demand for energy efficient industrial gear lubricant in these countries.


Sample Companies Profiled in this Report are:
  • Lukoil Lubricants Company
  • Chevron USA, Inc.
  • Royal Dutch Shell Plc.
  • FUCHS Lubritech GmbH
  • Exxon Mobil Corporation
  • 10+.
1. Turbine Oils Market overview
2. Executive summary
3. Turbine 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. Patent Analysis
      3.2.4. Top 5 Financials Analysis
4. Turbine Oils Market forces
   4.1. Market drivers
   4.2. Market constraints
   4.3. Market challenges
   4.4. Porters five force model
      4.4.1. Bargaining power of suppliers
      4.4.2. Bargaining powers of customers
      4.4.3. Threat of new entrants
      4.4.4. Rivalry among existing players
      4.4.5. Threat of substitutes 
5. Turbine Oils Market Strategic analysis
   5.1. Value chain analysis
   5.2. Pricing analysis
   5.3. Opportunities analysis
   5.4. Product life cycle
   5.5. Suppliers and distributors
6. Turbine Oils Market – By Type of Oil
   6.1. Mineral
   6.2. Synthetic
   6.3. Bio-Based
7. Turbine Oils Market – By Type of Oil
   7.1. Gas Turbines
   7.2. Steam Turbines
   7.3. Hydraulic Systems
   7.4. Air Compressors & Vaccum Pumps
   7.5. Others
8. Turbine Oils Market – By End-Users
   8.1. Aviation
   8.2. Automotive
   8.3. Marine
   8.4. Energy
   8.5. Others
9. Turbine Oils Market – By Geography
   9.1. Americas
      9.1.1. US
      9.1.2. Canada
      9.1.3. Mexico
      9.1.4. Brazil
      9.1.5. Rest of Americas
   9.2. Europe
      9.2.1. UK
      9.2.2. Germany
      9.2.3. France
      9.2.4. Italy
      9.2.5. Rest of Europe
   9.3. APAC
      9.3.1. China
      9.3.2. Japan
      9.3.3. India
      9.3.4. South Korea
      9.3.5. Rest of APAC
   9.4. RoW
      9.4.1. Middle East
      9.4.2. Africa
10. Company profiles
   10.1. Lukoil Lubricants Company
   10.2. Chevron USA, Inc.
   10.3. Royal Dutch Shell Plc.
   10.4. FUCHS Lubritech GmbH
   10.5. Exxon Mobil Corporation.
   10.6. Eastman Chemical Company
   10.7. Total S.A.
   10.8. Hindustan Petroleum Corporation
   10.9. Lubrication Engineers, Inc.
   10.10. NYCO
*More than 10 Companies are profiled in this Research Report*
"*Financials would be provided on a best efforts basis for private companies"
11. Appendix 
   11.1. Abbreviations
   11.2. Sources
   11.3. Research Methodology
   11.4. Bibliography
   11.5. Compilation of Experts
   11.6. Disclaimer
List of Tables:

Table 1 Turbine Oils Market Revenue, By Application, 2016 (%)
Table 2 Turbine Oil Market Revenue, By Type of Oils, 2015-2023 ($Million)
Table 3 Americas Turbine Oil Market Revenue, By Type, 2016-2021 ($Million)
Table 4 Americas Turbine Oil Market Revenue, By Application, 2016-2021 ($Million)
Table 5 Americas Turbine Oil Market Revenue, By End-User Industry, 2016-2021 ($Million)
Table 6 Europe Turbine Oil Market Revenue, By Type, 2016-2021 ($Million)
Table 7 Europe Turbine Oil Market Revenue, By Application, 2016-2021 ($Million)
Table 8 Europe Turbine Oil Market Revenue, By End-User Industry, 2016-2021 ($Million)
Table 9 APAC: Turbine oil Market Revenue, By Type, 2016-2021 ($Million)
Table 10 APAC: Turbine oil Market Revenue, By Application, 2016-2021 ($Million)
Table 11 APAC: Turbine oil Market Revenue, By End-User Industry, 2016-2021 ($Million)
Table 12 RoW: Turbine Oil Market Revenue, By Type, 2016-2021 ($Million)
Table 13 RoW: Turbine Oil Market Revenue, By Application, 2016-2021 ($Million)
Table 14 RoW: Turbine Oil Market Revenue, By End-User Industry, 2016-2021 ($Million)


List of Figures:

Figure 1 Turbine Oils Market Revenue, By Years, 2016-2021 ($Million)
Figure 2 Global Turbine Oils Market Revenue Vs. Volume, By Region, 2016 (%)
Figure 3 Turbine oils Market Revenue, By End User, 2016-2021 (%)
Figure 4 Turbine Oils Market Revenue, By Application, 2015 (%)
Figure 5 Turbine Oils Market Revenue, By Type, 2015 (%)
Figure 6 Turbine Oils Market Revenue, By Type, 2015 (%)
Figure 7 Earnings Per Share (EPS –Turbine Oil Providers), By Company
Figure 8 Turbine Oils Published Patents, 2012-2016
Figure 9 Turbine Oils Published Patents Share, By Countries, 2012-2016 (%)
Figure 10 Turbine Oil Market Life Cycle, 2016-2021
Figure 11 Mineral: Turbine Oil Market Volume and Revenue, 2015-2021 ($Million)
Figure 12 Synthetic: Turbine Oil Market Volume and Revenue, 2015-2021 ($Million)
Figure 13 Bio-based: Turbine Oil Market Volume and Revenue, 2015-2021 ($Million)
Figure 14 Turbine Oils Market Revenue Share, By Application, 2016 (%)
Figure 15 Global Aircraft Fleet Outlook 2016 - 2035
Figure 16 Aviation Gas turbines, By Segment
Figure 17 Gas turbines: Turbine Oils Market Volume and Revenue, 2016-2021 ($Million)
Figure 18 Industrial Steam Turbine Sales, By Years, 2013-2017*
Figure 19 Steam Turbines: Turbine Oil Market Volume and Revenue, 2016-2021 ($Million)
Figure 20 Total Hydraulic Energy Demand, By countries, (% share of total energy demand)
Figure 21 Global Energy Investment, By Country, 2015 (Mton)
Figure 22 Hydraulic Systems: Turbine Oil Market Volume and Revenue, 2016-2021 ($Million)
Figure 23 Air Compressors And Vacuum Pumps: Turbine Oil Market Volume and Revenue, 2016-2021 ($Million)
Figure 24 Turbine Oil Market Revenue Share, By Application, 2016 (%)
Figure 25 Commercial Airlines Market Revenue, By Years, 2008-2015 ($ billion)
Figure 26 Aviation: Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 27 Aviation: Turbine Oil Market Volume, 2016-2021 (Kilo Tons)
Figure 28 Global Automobiles Production, By Country, 2016 (Units)
Figure 29 Automotive: Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 30 Automotive: Turbine Oil Market Volume, 2016-2021 (Kilo Tons)
Figure 31 Global Refined Products Demand, 2014-2040 (Mb/day)
Figure 32 Global Oil Production, By Geography, 2015 (%)
Figure 33 Energy: Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 34 Energy: Turbine Oil Market Volume, 2016-2021 (Kilo Tons)
Figure 35 Others: Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 36 Others: Turbine Oil Market Volume, 2016-2021 (Kilo Tons)
Figure 37 Global Turbine Oil Market Revenue & Volume, By Geography, 2016,2021 ($Million, KT) 
Figure 38 Americas Turbine Oil Market Revenue & Volume, 2016-2021 ($Million, KT)
Figure 39 U.S.: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 40 U.S.: GDP – Composition of 2015, By Sector of Origin
Figure 41 U.S.: Export and Import Value, 2012-2015 ($Trillion)
Figure 42 U.S.: GDP – Composition of 2015, By End Use
Figure 43 U.S. Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 44 Canada: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 45 Canada: GDP – Composition of 2015, By Sector of Origin
Figure 46 Canada : Export and Import Value, 2012-2015 ($Billion)
Figure 47 Canada : GDP – Composition of 2015, By End Use
Figure 48 Canada Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 49 Canada Gas Turbines Trade, 2012-2015 ($ Billion) 
Figure 50 Canada Hydraulic Systems Trade, 2012-2015 ($ Thousand) 
Figure 51 Canada Marine Turbines Trade, 2012-2015 ($ Thousand) 
Figure 52 Mexico: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 53 Mexico: GDP – Composition of 2015, By Sector of Origin
Figure 54 Mexico: Export and Import Value, 2012-2015 ($Billion)
Figure 55 Mexico: GDP – Composition of 2015, By End Use
Figure 56 Mexico Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 57 Mexican Clean Energy Investments 2016-2030
Figure 58 Mexico Gas Turbines Trade, 2012-2015 ($ Billion) 
Figure 59 Mexico Hydraulic Systems Trade, 2012-2015 ($ Thousand)
Figure 60 Mexico Marine Turbines Trade, 2012-2015 ($ Thousand) 
Figure 61 Rest of Americas Turbine Oil Market Revenue, 2016-2021 ($Million) 
Figure 62 Europe Turbine Oil Market Revenue & Volume, 2016-2021 ($Million, KT)
Figure 63 Germany: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 64 Germany: GDP – Composition of 2015, By Sector of Origin
Figure 65 Germany: Export and Import Value, 2012-2015 ($Billion)
Figure 66 Germany: GDP – Composition of 2015, By End Use
Figure 67 Germany Aviation Sales by Sector, 2016 (%)
Figure 68 Net Installed Energy Generation Capacity Share in Germany, 2016 (%) 
Figure 69 Germany Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 70 Germany Gas Turbines Trade, 2012-2015 ($ Billion) 
Figure 71 Germany Hydraulic Systems Trade, 2012-2015 ($ Thousand) 
Figure 72 Germany Marine Turbines Trade, 2012-2015 ($ Thousand) 
Figure 73 France: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 74 France: GDP – Composition of 2015, By Sector of Origin
Figure 75 France: Export and Import Value, 2012-2015 ($Billion)
Figure 76 France: GDP – Composition of 2015, By End Use
Figure 77 France: Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 78 France Gas Turbines Trade, 2012-2015 ($ Billion) 
Figure 79 France Hydraulic Systems Trade, 2012-2015 ($ Thousand) 
Figure 80 France Marine Turbines Trade, 2012-2015 ($ Thousand) 
Figure 81 U.K.: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 82 U.K.: GDP – Composition of 2015, By Sector of Origin
Figure 83 U.K.: Export and Import Value, 2012-2015 ($Billion)
Figure 84 U.K.: GDP – Composition of 2015, By End Use
Figure 85 U.K. Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 86 United Kingdom Gas Turbines Trade, 2012-2015 ($ Billion) 
Figure 87 United Kingdom Hydraulic Systems Trade, 2012- 2015 ($ Thousand) 
Figure 88 United Kingdom Marine Turbines Trade, 2012-2015 ($ Thousand) 
Figure 89 Rest of Europe Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 90 APAC: Turbine Oil Market Revenue & Volume, 2016-2021 ($Million, KT)
Figure 91 China: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 92 China: GDP – Composition of 2015, By Sector of Origin
Figure 93 China: Export and Import Value, 2012-2015 ($Billion)
Figure 94 China: GDP – Composition of 2015, By End Use
Figure 95 China electricity production, 2010-2015 (Mtoe)
Figure 96 China overseas investments into electricity projects, 2014-2016 (Billion)
Figure 97 China: Turbine oil Market Revenue, 2016-2021 ($Million)
Figure 98 Japan: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 99 Japan: GDP – Composition of 2015, By Sector of Origin
Figure 100 Japan: Export and Import Value, 2012-2015 ($Billion)
Figure 101 Japan: GDP – Composition of 2015, By End Use
Figure 102 Japan: Installed Capacity of Wind Power, 1990-2015
Figure 103 Japan: Turbine oil Market Revenue, 2016-2021 ($Million)
Figure 104 India: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 105 India: GDP – Composition of 2015, By Sector of Origin
Figure 106 India: Export and Import Value, 2012-2015 ($Billion)
Figure 107 India: GDP – Composition of 2015, By End Use
Figure 108 Wind Energy Installed Capacity, 2009-2015 (MW)
Figure 109 Energy Production in India, 2010-2015 (BU)
Figure 110 India: Turbine oil Market Revenue, 2016-2021 ($Million)
Figure 111 South Korea: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 112 South Korea: GDP – Composition of 2015, By Sector of Origin
Figure 113 South Korea: Export and Import Value, 2012-2015 ($Billion)
Figure 114 South Korea: GDP – Composition of 2015, By End Use
Figure 115 South Korea : Growth in wind power generation, 2002- 2016 (MW)
Figure 116 South Korea Coal-fired power plant capacity (kw)
Figure 117 South Korea: Turbine oil Market Revenue, 2016-2021 ($Million)
Figure 118 Rest of APAC: Turbine Oil Market Revenue, 2015-2022 ($Million)
Figure 119 Australia: Mining Industry shares of GDP (per cent), 2004–05 versus 2014–15
Figure 120 RoW: Turbine Oil Market Revenue & Volume, 2016-2021 ($Million,KT)
Figure 121 Middle East: Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 122 Africa: Turbine Oil Market Revenue, 2016-2021 ($Million)
Figure 123 Lukoil, Net sales, By Years, 2013-2015 ($ Billion)
Figure 124 Lukoil, Net Sales, By Business Segments, 2015 (%)
Figure 125 Chevron Corporation Net sales, By Years, 2013-2015 ($ Billion)
Figure 126 Chevron Corporation Net Sales Share, By Business Segments, 2015 (%)
Figure 127 Chevron Corporation Net Sales Share, By Geography, 2015 (%)
Figure 128 Royal Dutch Shell PLC Net sales, By Years, 2012-2015 ($ Billion)
Figure 129 Shell Oil Company Net Sales Share, By Business Segments, 2015 (%)
Figure 130 Shell Oil Company Net Sales Share, By Geography, 2015 (%)
Figure 131 Fuchs Group, Net Sales, By Years, 2011-2015 ($ Billion)
Figure 132 Fuchs Group, Net Sales, By Segment (2015)
Figure 133 Fuchs Group, Net Sales, By Geography (2015)
Figure 134 Exxon Mobil Net sales, By Years, 2012-2015 ($ Billion)
Figure 135 Exxon Mobil Net Sales Share, By Business Segments, 2015 (%)
Figure 136 Exxon Mobil Net Sales Share, By Geography, 2015 (%)
Figure 137 Eastman Chemical, Net sales 2013-2015 ($billion)
Figure 138 Eastman Chemical, Net Sales, by Geography,2015 (%)
Figure 139 Eastman Chemical, net Sales, by product, 2015 (%)
Figure 140 Total S.A., Net Sales, By Years, 2013-2015 ($ Billion)
Figure 141 Total S.A., Net Sales, By Segment (2015)
Figure 142 Total S.A., Net Sales, By Geography (2015)
Figure 143 Hindustan Petroleum, Net sales, By Years, 2012-2015 ($ Billion)
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