Fire Resistant Lubricants Market Trends, Opportunities, Graph, Key Segmentation, Regional Growth, Top Companies, and Forecast to 2027  

Fire Resistant Lubricants Market Trends, Opportunities, Graph, Key Segmentation, Regional Growth, Top Companies, and Forecast to 2027  

“Browse 271 market data Tables and 73 Figures spread through 261 Pages and in-depth TOC on “Fire Resistant Lubricants Market””
The fire-resistant lubricants market is growing due to rising safety standards in industries like manufacturing, mining, and aviation. These lubricants prevent fire hazards and enhance equipment safety. Demand is driven by stringent regulations and the need for reliable, high-performance lubricants.

The global fire-resistant lubricants market size is projected to reach USD 3.7 billion by 2027 from USD 3.1 billion in 2022, growing at a CAGR of 3.4 % in terms of value during the forecast period. The growth is largely driven by high demand from metal processing, mining, marine, aviation, and construction industries. The rising demand for manufacturing steel, aluminum, and other metals in developing regions is also fueling the fire resistant lubricants market.

Download PDF Brochure:  

The fire-resistant lubricants market is evolving, with major players playing a crucial role in the development of new and advanced products. Key players in the fire resistant lubricants market include TotalEnergies SE (France), Quaker Houghton (US), Shell plc (UK), Exxon Mobil Corporation (US), and BP p.l.c. (UK), among others. 

TotalEnergies SE is a multinational integrated oil and gas company and one of the six “supermajors” in the world, which is listed on the Euronext and New York Stock exchange. The businesses cover the entire oil and gas value chain, starting from exploration and production of crude oil and natural gas to power generation, refining, transportation, petroleum product marketing, and international crude oil and product trade. The company operates through four segments: refining & chemicals, integrated gas renewables & power, marketing & services, and exploration & production. It offers fire resistant lubricants in the marketing & services segment. It is present in 130 countries. In December 2021, TotalEnergies SE announced an agreement with City Rail Link (CRL) Project over the next six months to establish itself as the majority supplier across CRL’s sites for Hydransafe and the full lubricants range. In March 2021, TotalEnergies SE announced the launch of a new fire resistant hydraulic fluid named Hydransafe HFC-E that reduces not only fire hazards in underground mines but also delivers higher equipment reliability.

Request Sample Pages: 

Quaker Houghton develops, produces, and markets a wide range of formulated chemical specialty products & offers chemical management services for various heavy manufacturing and industrial applications. Quaker Houghton’s common stock is listed on the New York Stock Exchange under the trading symbol KWR. The company operates its business into four segments, namely Americas, EMEA, Asia/Pacific, and global specialty businesses. The company offers fire resistant lubricants through all segments. The company’s products have applications in aluminum, advanced and specialized steel, automotive, aerospace, offshore, can, mining, and metalworking companies. The company operates in over 25 countries worldwide in North America, South America, Europe, the Middle East & Africa, and Asia Pacific. In July 2022, Quaker Houghton announced a collaboration with SKF Group to combine SKF Group’s Double Separation Technology (DST) with Quaker Houghton’s industrial oils & fluids to enable the industry to utilize its resources more efficiently. In August 2019, Quaker Chemical Corporation and Houghton International combined to form Quaker Houghton, becoming a global leader in industrial process fluids to the metalworking & metals markets expecting cross-selling opportunities.

Request Customization: 

Shell plc is one of the largest players in the fire resistant lubricants market and is vertically integrated. The company is active in both upstream and downstream activities in the oil & gas industry with a well-established distribution network and brand value which serve as essential factors for its growth prospects. The downstream business segment is of main value, as it is a solid revenue-generating segment with a high return on investment. Expansion is the key growth strategy of the company as it made many expansions to meet the demand from customers and strengthen its position in the global fire resistant lubricants market. In October 2020, Shell plc announced an expansion of business by enhancing its portfolio to provide end-to-end lubrication solutions & service offerings for businesses across key industrial sectors that include a range of fire resistant hydraulic fluids. With this expansion, the company focuses on supporting the primary metals and power sectors. In December 2019, Shell plc announced an acquisition of the assets of American Chemical Technologies, Inc. The acquisition includes two manufacturing facilities making fire resistant hydraulic fluids. 

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States