Leading Players Shaping the Global Food Grade Lubricants Market in 2023
Published Date : 2024-Dec-16
The food-grade lubricants market is a specialized segment catering to the food, beverage, pharmaceutical, and cosmetics industries. These lubricants ensure machinery operates smoothly while complying with strict safety regulations, such as NSF H1 standards, to prevent contamination in food processing environments. The market is witnessing growth due to increasing consumer demand for processed and packaged food, heightened food safety awareness, and stringent regulatory frameworks.
In this blog, we explore some of the top companies leading in the diabetes care devices market, including: Brit-Lube Ltd, Clearco Products Co., Inc, Freudenberg, Fuchs, Hollyfrontier Corporation, Hydrotex Lube, Interflon, Lubriplate Lubricants Company, Metalube, Skf Group. and Others.
According to a comprehensive study by Intellectual Market Insights Research, the Global Food Grade Lubricants Market size was valued at USD 310.3 Million in 2021 and is projected to reach USD 617.2 Million by 2028, growing at a CAGR of 7.6% from 2021 to 2028
Food Grade Lubricants Market Size, Share & Trends Analysis Report By Types, By Form, By Application, Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2031.
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Key drivers include advancements in lubrication technology, a shift towards bio-based solutions, and expanding applications in industries requiring high hygiene standards. Prominent players such as FUCHS, ExxonMobil, and Klüber Lubrication lead the way in innovation, offering products tailored to meet global safety and performance requirements.
FUCHS Petrolub SE
- Founded: 1931
- Headquarters: Mannheim, Germany
- Website: www.fuchs.com
- About: FUCHS is a global leader in lubricants, offering products for various industries, including food-grade options complying with strict safety standards.
- Employees: Approximately 6,000 globally
- Revenue (2023): Estimated around $3 billion?
The Lubrizol Corporation
- Founded: 1928
- Headquarters: Wickliffe, Ohio, USA
- Website: www.lubrizol.com
- About: Focuses on specialty chemicals, including food-grade lubricants designed for the food and beverage industry.
- Employees: About 8,800
- Revenue (2023): Estimated $7 billion?
Petro-Canada Lubricants
- About: Offers H1 food-grade lubricants for safe use in food processing equipment.
- Employees: Included in parent company Suncor, which has 16,558 employees.
- Revenue (2023): Suncor Energy's overall revenue estimated at $41 billion?
Exxon Mobil Corporation
- Founded: 1999 (merger of Exxon and Mobil)
- Headquarters: Irving, Texas, USA
- Website: https://corporate.exxonmobil.com/
- About: A multinational corporation that produces a range of lubricants, including food-grade options under its Mobil SHC brand.
- Employees: Over 62,000
- Revenue (2023): Estimated $400 billion?
Dow Inc.
- Founded: 1897
- Headquarters: Midland, Michigan, USA
- Website: www.dow.com
- About: Produces specialty lubricants, including food-safe options meeting global safety certifications.
- Employees: Around 37,800
- Revenue (2023): Estimated $57 billion
TotalEnergies
- Founded: 1924
- Headquarters: Paris, France
- Website: www.totalenergies.com
- About: TotalEnergies offers a wide range of lubricants, including food-grade options compliant with international standards like NSF H1. The company emphasizes innovation and sustainability in its products.
- Employees: ~100,000
- Revenue: Approx. $184 billion in 2023.
Klüber Lubrication
- Founded: 1929
- Headquarters: Munich, Germany
- Website: www.klueber.com
- About: A leading producer of specialty lubricants, including food-grade lubricants that meet NSF H1 certification. They serve the food and beverage industries with innovative solutions.
- Employees: ~2,200
- Revenue: Not publicly disclosed; part of Freudenberg Group.
Castrol
- Founded: 1899
- Headquarters: Pangbourne, UK
- Website: www.castrol.com
- About: Offers high-performance food-grade lubricants under the Castrol Optileb brand, suitable for applications in food processing machinery.
- Employees: ~7,000
- Revenue: Part of BP; BP revenue was ~$240 billion in 2023.
Lubriplate Lubricants Company
- Founded: 1870
- Headquarters: Newark, New Jersey, USA
- Website: www.lubriplate.com
- About: Specializes in high-performance lubricants, including NSF H1 registered food-grade lubricants for food processing equipment. Their products are widely recognized in the food and beverage industry.
- Employees: Approximately 200
- Revenue: Estimated $50 million?
Valvoline Inc.
- Founded: 1866
- Headquarters: Lexington, Kentucky, USA
- Website: www.valvoline.com
- About: Produces specialty lubricants, including food-grade variants designed to meet safety standards in food and beverage processing. Valvoline focuses on innovative and sustainable lubrication solutions.
- Employees: ~8,900
- Revenue: ~$3.5 billion in 2023?
Renewable Lubricants, Inc.
- Founded: 1991
- Headquarters: Hartville, Ohio, USA
- Website: www.renewablelube.com
- About: A pioneer in bio-based lubricants, the company offers food-grade options derived from renewable resources, emphasizing sustainability and performance.
- Employees: Small-sized business (~50 employees)
- Revenue: Estimated $10–20 million?
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