Global Food Grade Lubricants Market size was valued at US$ 288.26 Mn. in 2023 and the total revenue is expected to grow at 7.6% through 2024 to 2030, reaching nearly US$ 481.36 Mn.Food Grade Lubricants Market Overview:
Food grade Lubricants are industrial Lubricants which are mainly used so they can maintain food processing machinery. Food Grade Lubricants performs same technical function as Conventional Lubricants, they should resist degradation of food products, exhibit neutral chemical behavior towards processing equipment and food packaging while complying with food health, safety regulation. The Food Grade Lubricants market is projected to have higher market revenue owing to expansion of Pharmaceutical Industries and Food beverages industries. Food Grade Lubricants are tasteless, odorless, and physiologically inert and colorless. Food Grade Lubricants in aerosol drives the Global Grade Lubricants Market. Availability of raw material at low cost and changing consumer preference towards healthy diet will further enhance the food grade Lubricants market in the forecast period of 2024 to 2030.To know about the Research Methodology :- Request Free Sample Report
Food Grade Lubricants Market Dynamics:
Increasing availability of Food Grade Lubricants in aerosol is major driver that help to increase the Global Food Grade Lubricants Market. The Expansion of various Food and beverages industries, Pharmaceutical industries and strict rule imposed by government is also the predominant factors merged in boosting the Global Food Grade Lubricants market growth during forecast period. Food Grade Lubricants comprise H1, H2 & H3 Lubricants in which H1 Lubricants is used anticorrosion protective film.H2 Lubricants are supported in location that do not carry lubricating part ,that comes into contact with food. In the Europe the sale of food and beverages rose by 10% from 110.27 million in 2021 to EUR 120.38 million in 2021. The minimum awareness of low product complacent rule and regulation regarding manufacturing in emerging economies and product misconception can degrade the Global market demand in the future. The restriction to composition of the H1 Lubricants which would highly impacting on the performance of the component and this is directly act as challenge for the Global market. The chemical requirement for Food Grade Lubricants are typically not suitable for Bio degradable and ecofriendly lubrication material. Food safety regulations mandate the use of food-grade Lubricants due to the high sources of contamination from the oils used in slicers, grinders, mixers, conveyors, bottling machines, sealing equipment, and various other packaging machines; thereby, reducing the risk of contamination. Less knowledge and lack of understanding of Food Grade Lubricants rules and regulation and performance issue of H1 Lubricants can hinder the Global market. Fuchs Petrolub SE announced its acquirement for Food Grade Lubricants from Shell International Petroleum. Its acquisition includes customer based product technology and the global CASSIDA brand , acquiring shells Fuchs Petrolub SE expand its range food grade Lubricants becomes the largest supplier in the market. Increasing food and beverages manufacturing in Asia Pacific and European region the demand for Food Grade Lubricants is expected to increase over the forecast period.Segment Analysis:
By Grade, The Global market is sub segmented into the H1, H2 and H3 Lubricants. H1 Lubricants held the largest market share of 37% in the Food Grade Lubricants market in the year 2023.This could be attributed to the fact that H1 Lubricants are preferred grade of Lubricants with the use of heavy metals and Zinc, which help to provide quality of products.H1 Lubricants are made up with Synthetic base oil like polyalphaolefins, polyalkylene glycol and ester, coupled with additive packages, that helps in providing premium performance. This help to maintain the food quality, Viscosity and temperature of food. By Base Oil, Globalmarket Food Grade Lubricants Market is sub segmented into Synthetic and Mineral Oil. Mineral oil Lubricants are made up from Petroleum based white oil while Synthetic are very processed and chemically altered from off white oil and silicone. Mineral oil Lubricants are held the highest market share of 61.0% in the year 2023. Mineral oil food grade Lubricants are most commonly used as they are cheaper and readily available. The synthetic segment is expected to gain market share during the forecast period, owing to its superior performance characteristics compared to its counterparts. Synthetic held the largest market share of 52% in the year 2023. Synthetic oil based Lubricants have proven to be as effective as conventional oil on the basis of performance. By Application, market is segmented into Food, Beverages, Pharmaceutical and Cosmetics Others industry. The food industry leads in term of market share. Food segment would be reached at the CAGR 6.9% during the forecast period 2024-2030. Food Grade Lubricants mostly applied in beverages also which held the 54.3% of market share in the year 2023. Pharmaceutical &Cosmetic segments are the wide segment in terms of application. Pharmaceutical & Cosmetic segment held the market share of 19.54% in 2019, also expected to grow further around 26.7% during the forecast period of 2024-2030.Regional Insights:
Europe leads the Global market with the highest market share of 35% in the year 2023.Europe expected to dominate the Food Grade Lubricants Market during the forecast period. The reason of high consumption of the Lubricants in Europe is thanks to stringent food safety and regulation in the European region. The food quality check and standards are very high and strict in the Europe as compared to rest of world. In Europe the sale of Food and Beverages increased by 18% during the year 2019 to 2023.According to EU Food and Drinks industry Statistics, there are about 240,000 manufacturing companies in Europe with the maximum application of Food Grade Lubricants. With the help of Government support are likely to contribute to the increasing demand for Food Grade Lubricants Market. APAC is expected to raise the market growth of 37% during the forecast period. China is one of the key market for the Food Grade Lubricants Market, it’s also contribute into the increasing sale growth of Food Grade Lubricants Market. As the increasing implementation of food safety regulation, it’s expected to facilitate the Food Grade Lubricants Market growth in APAC by the end of year 2030. Food grade Lubricants provide various advantages such as good performance in extreme temperature, durability and oxidation stability which has contributed to the growth of food grade Lubricants. The objective of the report is to present a comprehensive analysis of the Food Grade Lubricants Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the market dynamics, structure by analyzing the market segments and project the market size. Clear representation of competitive analysis of key players By Base Oil price, financial position, product portfolio, growth strategies, and regional presence in the Food Grade Lubricants Market make the report investor’s guide.Food Grade Lubricants Market Scope: Inquire before buying
Global Food Grade Lubricants Market Report Coverage Details Base Year: 2023 Forecast Period: 2024 -2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 288.26 Mn. Forecast Period 2024 to 2030 CAGR: 7.6% Market Size in 2030 : US $ 481.36 Mn. Segments Covered: by Grade H1 H2 H3 by Base Oil Mineral Oil Synthetic Oil by Application Food Beverages Pharmaceutical & Cosmetic Others Food Grade Lubricants Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Food Grade Lubricants Market Key Players
1. Condat Lubrifiants 2. Petro-Canada Lubricants Inc. 3. Nye Lubricants Inc. 4. Exxon Mobil Corporation 5. BP PLC 6. Royal Dutch Shell Plc 7. Kluber Lubrication 8. Fuchs Petrolub SE 9. Freudenberg Group 10. Fuchs Group 11. Holly Frontier Corporation 12. Hydrotex Lube 13. Interflon 14. Lubriplate Lubricants Company 15. Metalube 16. SKF GroupFrequently Ask Question:
1] Which segments are covered in Global market report? Ans. The segments covered in Global market report are based on product, application and type. 2] Which region is expected to hold the highest share in the Global li ion battery for AEVs Market? Ans. Europe is expected to hold the highest share in the Global li ion battery for AEVs Market. 3] What is the Market size of Global market in the forecast period 2024-2030? Ans. The Market size of Global market in the forecast period 2024-2030 is US $ 481.36 Mn. 4] Who are the top key players in the Global Food Grade Lubricants Market? Ans. Freudenberg Group, Fuchs Group, Holly Frontier Corporation, Hydrotex Lube, Interflon, Lubriplate Lubricants Company, Meta lube, and SKF Group. Other prominent players analyzed in the report are BP PLC, International Products Corporation, David Weber Oil Co, Exxon Mobil Corporation, Total Specialties, Condat, and Repso 5] What was the Market size of Global Food Grade Lubricants Market in 2023? Ans. The Market size of Global market in 2023 was US $ 288.26 Mn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Food Grade Lubricants Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Global Food Grade Lubricants Market 3.4. Geographical Snapshot of the Global Food Grade Lubricants Market, By Manufacturer share 4. Global Food Grade Lubricants Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Technologies 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Food Grade Lubricants Market 5. Supply Side and Demand Side Indicators 6. Global Food Grade Lubricants Market Analysis and Forecast, 2023-2030 6.1. Global Food Grade Lubricants Market Size & Y-o-Y Growth Analysis. 7. Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 7.1.1. H1 7.1.2. H2 7.1.3. H3 7.2. Market Size (Value) Estimates & Forecast By Base Oil ,2023-2030 7.2.1. Mineral Oil 7.2.2. Synthetic Oil 7.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 7.3.1. Food 7.3.2. Beverages 7.3.3. Pharmaceutical & Cosmetic 7.3.4. Others 8. Global Food Grade Lubricants Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 9.1.1. Cylindrical Cell 9.1.2. Prismatic Cell 9.1.3. Pouch Cell 9.1.4. Secondary Cells 9.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 9.2.1. Lithium cobalt oxide (LCO) 9.2.2. Lithium iron phosphate (LFP) 9.2.3. Lithium Nickel Cobalt Aluminum Oxide (NCA) 9.2.4. Lithium Manganese Oxide (LMO) 9.2.5. Lithium Titanate 9.2.6. Lithium Nickel Manganese Cobalt 9.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 9.3.1. Consumer Electronics 9.3.2. Automotive 9.3.3. Energy Storage System 9.3.4. Industrial 10. North America Global Food Grade Lubricants Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Grade,2023-2030 11.2. Market Size (Value) Estimates & Forecast By Base Oil,2023-2030 11.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 12. Canada Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Grade,2023-2030 12.2. Market Size (Value) Estimates & Forecast By Base Oil,2023-2030 12.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 13. Mexico Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Grade,2023-2030 13.2. Market Size (Value) Estimates & Forecast By Base Oil,2023-2030 13.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 14. Europe Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Grade,2023-2030 14.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 14.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 15. Europe Global Food Grade Lubricants Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 16.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 17. France Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 17.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 18. Germany Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 18.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 19. Italy Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 19.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 20. Spain Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 20.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 21. Sweden Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 21.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 22. CIS Countries Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 22.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 23. Rest of Europe Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 23.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 24. Asia Pacific Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 24.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 25. Asia Pacific Global Food Grade Lubricants Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 26.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 27. India Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 27.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 28. Japan Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 28.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 29. South Korea Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 29.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 30. Australia Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 30.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 31. ASEAN Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 31.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 32. Rest of Asia Pacific Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 32.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 33. Middle East Africa Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 33.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 34. Middle East Africa Global Food Grade Lubricants Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 35.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 36. GCC Countries Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 36.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 37. Egypt Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 37.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 38. Nigeria Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Base Oil 2023-2030 38.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 39. Rest of ME&A Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 39.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 40. South America Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 40.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 41. South America Global Food Grade Lubricants Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 42.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 43. Argentina Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 43.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 44. Rest of South America Global Food Grade Lubricants Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Base Oil, 2023-2030 44.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Food Grade Lubricants Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Type Launches and Type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Fuchs group 45.3.2. Hydrotex Lube 45.3.3. INTERFLON 45.3.4. Metalube 45.3.5. SKG Group 45.3.6. Holly frontier Corporation 45.3.7. Freundenberg 46. Primary Key Insight