Process Fluid

Process Fluid Market Outlook

The global process fluid market is projected to reach approximately USD 20 billion by 2035, growing at a CAGR of around 5.2% during the forecast period from 2025 to 2035. This growth is primarily driven by the increasing demand for process fluids across various industries including automotive, food and beverage, and pharmaceuticals. Furthermore, technological advancements in fluid management systems and the growing emphasis on sustainability and eco-friendly products are expected to bolster market growth. The rise of industrial automation and the need for efficient and reliable machinery in manufacturing processes are also significant factors contributing to the market's expansion. Additionally, the ongoing development of bio-based and synthetic fluids to meet stringent environmental regulations is creating lucrative opportunities for market players.

Growth Factor of the Market

The process fluid market is experiencing robust growth driven by several key factors. Firstly, industrialization and urbanization in emerging economies are resulting in increased demand for process fluids across various sectors, particularly in manufacturing and construction. Secondly, the rising awareness of energy efficiency and the need for sustainable practices are prompting companies to adopt advanced process fluids that offer better performance and reduced environmental impact. Furthermore, innovations in fluid technology, such as the development of high-performance lubricants and environmentally friendly coolants, are opening up new avenues for growth. The expansion of the automotive sector, especially electric vehicles, is also a significant growth driver, as the need for specialized fluids for cooling and lubrication becomes more critical. Lastly, the increasing complexity of industrial processes necessitates the use of specialized fluids, which further propels market expansion.

Key Highlights of the Market

• Projected market size of approximately USD 20 billion by 2035 with a CAGR of 5.2%.
• Growing emphasis on eco-friendly and sustainable process fluids.
• Technological advancements enhancing fluid management and performance.
• Increasing demand from automotive, food, and pharmaceutical industries.
• Rapid industrialization in emerging economies fueling market growth.

By Product Type

Hydraulic Fluids:

Hydraulic fluids are essential for the efficient operation of hydraulic systems used in a variety of industries, including construction, manufacturing, and automotive. These fluids transfer power within hydraulic machinery and are critical in applications where precise control is necessary. The increasing demand for hydraulic equipment, particularly in construction and industrial applications, is driving the growth of this segment. Additionally, advancements in hydraulic fluid formulations, aimed at improving performance and environmental compliance, are further contributing to the segment's expansion. The use of biodegradable hydraulic fluids is gaining traction as companies seek to adhere to stringent environmental regulations.

Heat Transfer Fluids:

Heat transfer fluids play a crucial role in various applications, especially those requiring efficient thermal management such as HVAC systems, chemical processing, and power generation. These fluids are designed to transfer heat from one medium to another and are essential for maintaining optimal operational temperatures in machinery. The growing emphasis on energy efficiency and process optimization is driving the demand for high-performance heat transfer fluids. Moreover, the increasing adoption of renewable energy sources, which require effective heat transfer solutions, is anticipated to bolster market growth in this segment. Innovations in heat transfer fluid technologies, including the development of non-toxic and environmentally safe options, are also aiding expansion.

Lubricants:

Lubricants are vital for reducing friction and wear between moving parts in machinery and equipment, thereby enhancing their lifespan and efficiency. The lubricants segment of the process fluid market is witnessing significant growth due to the increasing demand across various sectors, especially automotive and manufacturing. As industries focus on improving operational efficiency and reducing maintenance costs, the use of advanced lubricants is becoming more prevalent. Additionally, the growing trend toward the adoption of synthetic and bio-based lubricants, which offer superior performance and reduced environmental impact, is set to drive further growth in this segment. The rise of electric vehicles and the subsequent need for specialized lubricants also present new opportunities for manufacturers in this market.

Coolants:

Coolants are crucial in various industrial applications for regulating temperatures and preventing overheating in machinery and engines. The demand for coolants is particularly high in the automotive and manufacturing sectors, where their role in maintaining optimal operating conditions is critical. The increasing complexity of engines, particularly in high-performance and electric vehicles, is driving the need for advanced coolant formulations that provide better thermal efficiency and protection. Moreover, the growing trend of sustainability is leading to the development of eco-friendly coolants that meet stringent environmental regulations. As industries continue to prioritize efficiency and reliability, the coolant segment of the process fluid market is expected to witness sustained growth.

Cleaning Fluids:

Cleaning fluids are indispensable in maintaining equipment and machinery by removing contaminants, debris, and residues that can hinder performance. The market for cleaning fluids is expanding due to the increasing focus on equipment reliability and productivity across industries. The food and beverage sector, in particular, is witnessing a surge in demand for effective cleaning solutions to adhere to hygiene standards and regulations. Additionally, advancements in cleaning fluid formulations that enhance efficacy while being environmentally friendly are driving growth. The rising trend of industrial automation and the need for regular maintenance in high-speed production environments are further propelling the demand for effective cleaning fluids.

By Application

Chemical Processing:

The chemical processing industry is one of the largest consumers of process fluids, utilizing them for various applications such as heat transfer, lubrication, and hydraulic systems. With the continuous growth of the chemical sector, driven by the demand for specialty chemicals and materials, the need for high-quality process fluids is expected to rise. The increasing complexity of chemical processes necessitates the use of specialized fluids that can withstand harsh conditions while maintaining efficiency. Moreover, the trend towards sustainability is pushing companies to adopt eco-friendly and compliant process fluids, further driving growth in this application segment.

Oil & Gas:

The oil and gas industry relies heavily on various process fluids for drilling, extraction, and refining operations. Hydraulic fluids, lubricants, and coolants are essential in ensuring the efficient operation of equipment in this sector. As global energy demands continue to rise, the oil and gas sector is expected to invest in advanced technology and equipment, which will subsequently increase the demand for high-performance process fluids. Additionally, the ongoing shift towards offshore drilling and enhanced oil recovery techniques is necessitating the use of specialized fluids capable of operating under extreme conditions. This segment is poised for significant growth as exploration and production activities expand globally.

Food & Beverage:

In the food and beverage industry, maintaining hygiene and safety standards is of utmost importance, which is why process fluids play a critical role. Cleaning fluids, lubricants, and heat transfer fluids are used throughout production processes to ensure equipment operates efficiently and complies with health regulations. The rising demand for processed and convenience foods is driving the growth of this sector, leading to increased investments in production technologies and equipment. Furthermore, there is a growing trend toward using food-safe and environmentally friendly process fluids, which is reshaping the market landscape in this application area.

Pharmaceuticals:

The pharmaceutical industry demands high standards of quality and safety, making the selection of appropriate process fluids vital. These fluids are used in various applications, including cooling systems, lubrication, and cleaning processes. The increasing focus on biopharmaceuticals and personalized medicine is driving innovation in this sector, leading to the need for advanced process fluids that meet stringent regulatory requirements. Additionally, the growing trend toward automation in pharmaceutical production is expected to boost the demand for specialized fluids that enhance operational efficiency and reliability, ultimately contributing to market growth.

Automotive:

The automotive industry is a significant contributor to the process fluid market, utilizing a variety of fluids for lubrication, cooling, and transmission purposes. With the rise of electric vehicles and advancements in internal combustion engine technology, the demand for specialized process fluids is growing. Manufacturers are increasingly focusing on developing high-performance lubricants and coolants that can operate at higher temperatures and pressures. The growing emphasis on fuel efficiency and emissions reduction is also driving the need for innovative process fluids tailored to meet these requirements. As the automotive sector continues to evolve, the process fluid market will likely experience sustained growth.

By Distribution Channel

Direct Sales:

Direct sales remain a prominent distribution channel in the process fluid market, enabling manufacturers to maintain a direct relationship with customers and offer tailored solutions. This approach allows companies to provide better customer service, technical support, and in-depth knowledge of product applications. The trend toward direct sales is gaining traction as businesses seek to streamline their purchasing processes and enhance supply chain efficiency. Additionally, direct engagement with customers enables manufacturers to gather feedback and adapt their product offerings, ensuring they meet market demands effectively. As a result, direct sales channels are expected to continue driving growth in the process fluid market.

Distributors:

Distributors play a crucial role in the process fluid market by acting as intermediaries between manufacturers and end-users. They provide an extensive network for the distribution of various process fluid products, enabling manufacturers to reach a broader audience. Distributors often offer value-added services such as inventory management and technical support, making them an attractive option for businesses looking to streamline their operations. The reliance on distributors is particularly evident in industries with complex supply chains, where specialized knowledge and logistics capabilities are essential. As the demand for process fluids continues to grow, the distributor segment is likely to see sustained expansion.

Online Retailers:

The rise of e-commerce has transformed the distribution landscape for the process fluid market, with online retailers becoming an increasingly popular choice for consumers and businesses alike. The convenience and accessibility of online platforms allow customers to compare products, read reviews, and make informed purchasing decisions. Online retailers often provide a wide range of process fluids, catering to various industries and applications. As the trend toward digitalization continues, more manufacturers are likely to embrace e-commerce as an essential distribution channel. This shift is expected to drive growth in the online retail segment of the process fluid market, providing consumers with greater access to products and information.

Wholesalers:

Wholesalers are critical players in the process fluid market, facilitating bulk purchases and distribution to various industries. They provide manufacturers with a means to effectively manage inventory and distribute products efficiently. The wholesale distribution channel is particularly beneficial for businesses looking to source large quantities of process fluids at competitive prices. As industries seek to optimize their supply chains and reduce costs, the demand for wholesalers is expected to grow. Additionally, wholesalers often offer technical support and product expertise, further enhancing their value proposition in the market.

Others:

This category encompasses various alternative distribution channels that may not fit into the conventional categories of direct sales, distributors, online retailers, or wholesalers. These can include specialized suppliers, industry-specific retailers, and regional distributors that cater to niche markets. The emergence of these alternative channels is driven by the need for localized service, specialized products, and customer support tailored to specific industries. As businesses increasingly seek solutions that meet their unique requirements, the "others" segment of the distribution channel is expected to witness gradual growth, providing new opportunities for suppliers and manufacturers.

By Ingredient Type

Synthetic:

Synthetic process fluids are engineered products designed to provide superior performance compared to traditional mineral oils. These fluids offer enhanced stability, thermal resistance, and lubrication properties, making them ideal for high-performance applications in various industries. The growing trend toward the adoption of synthetic fluids is driven by the need for more efficient and environmentally friendly solutions. As industries continue to prioritize sustainability, the demand for synthetic process fluids is expected to rise significantly, with manufacturers focusing on developing innovative formulations that meet these evolving requirements.

Mineral Oil:

Mineral oil-based process fluids have long been a staple in various industrial applications due to their widespread availability and cost-effectiveness. These fluids are derived from crude oil and are commonly used in lubricants, hydraulic fluids, and heat transfer applications. Despite the growing acceptance of synthetic alternatives, mineral oil remains an essential component of the process fluid market, especially in regions where cost is a primary consideration. Manufacturers are working on optimizing the performance of mineral oil-based fluids to ensure they meet modern industry standards while balancing cost and efficiency.

Bio-based:

Bio-based process fluids are gaining traction as industries increasingly focus on sustainability and reducing their environmental footprint. These fluids are derived from renewable resources and are designed to be biodegradable, making them a more environmentally friendly alternative to traditional synthetic and mineral oil-based fluids. The demand for bio-based process fluids is expected to grow as regulations around environmental compliance tighten and businesses seek to enhance their sustainability profiles. Companies are investing in research and development to create high-performance bio-based formulations that meet the diverse needs of various industries.

Semi-synthetic:

Semi-synthetic fluids combine the benefits of both mineral oils and synthetic fluids, offering improved performance at a competitive price point. These hybrid formulations are designed to provide enhanced lubrication and cooling properties while maintaining the cost-effectiveness of mineral oils. The semi-synthetic segment is seeing increased adoption in various applications, particularly in the automotive sector, where high-performance lubricants are essential. As industries continue to seek high-quality solutions that balance performance and cost, semi-synthetic process fluids are expected to see steady growth.

Others:

This category includes various niche and specialized ingredient types that do not fit into the primary classifications of synthetic, mineral oil, bio-based, or semi-synthetic fluids. These may include specialty formulations designed for specific applications or industries, such as food-grade lubricants or high-temperature fluids for extreme environments. The demand for these specialized products is growing as industries seek tailored solutions that meet their unique operational challenges. As innovation continues to drive the development of new formulations, the "others" segment of ingredient type is likely to experience gradual growth in the process fluid market.

By Region

The North American process fluid market is anticipated to hold a significant share due to the strong presence of key industries such as automotive, oil & gas, and pharmaceuticals. The region is witnessing an increasing emphasis on sustainable practices, driving demand for eco-friendly process fluids. The rapid technological advancements and innovation in fluid formulations are also fostering market growth. As per projections, the North American market is expected to grow at a CAGR of approximately 5.5% during the forecast period, reflecting the region's consistent demand for high-performance fluids.

In Europe, the process fluid market is also poised for substantial growth, primarily driven by stringent environmental regulations and the push for sustainability across various industries. Countries in Western Europe, such as Germany and France, are leading the charge in adopting cutting-edge fluid technologies aimed at enhancing efficiency and reducing environmental impact. Additionally, the growing automotive sector, with a focus on electric vehicles, is expected to increase demand for specialized lubricants and coolants. The European market is anticipated to grow at a steady pace, contributing significantly to the global process fluid market landscape.

Opportunities

The process fluid market is rife with opportunities, particularly due to the growing emphasis on sustainability and environmental regulations. As industries worldwide prioritize eco-friendly solutions, there is a significant opportunity for manufacturers to innovate and develop new formulations that meet both performance and environmental standards. The emergence of bio-based and renewable process fluids presents a unique avenue for growth, as companies seek to align themselves with sustainability goals while reducing their carbon footprint. Furthermore, the increasing complexity of industrial processes necessitates the use of specialized fluids, creating demand for tailored solutions that enhance efficiency and reliability. This trend indicates that manufacturers who invest in research and development of innovative products could capture a larger share of the market as businesses seek to optimize their operations.

Additionally, the expansion of emerging markets presents another promising opportunity for the process fluid market. As countries in Asia Pacific and Latin America continue to industrialize and urbanize, the demand for process fluids across various sectors is expected to rise. This growth is particularly significant in industries such as automotive, oil & gas, and manufacturing, where the need for efficient and reliable machinery is paramount. Companies that establish a presence in these growing markets and tailor their products to meet local needs will be well-positioned for success. Moreover, strategic partnerships and collaborations with local distributors can enhance market penetration, further driving growth opportunities for process fluid manufacturers.

Threats

Despite the promising growth prospects of the process fluid market, several threats could hinder progress. One significant concern is the volatility of raw material prices, particularly for mineral oils and synthetic components. Fluctuations in the prices of crude oil can lead to increased manufacturing costs, which can ultimately affect product pricing and profit margins. Additionally, geopolitical tensions and trade disputes may disrupt supply chains, further complicating the availability and cost of essential raw materials. Manufacturers must remain agile and develop strategies to mitigate these risks by diversifying their supply sources and optimizing their production processes.

Another potential threat to the process fluid market is the increasing competition from alternative products and technologies. For instance, advancements in industrial automation and digital technologies may lead to the development of new systems that require less reliance on traditional process fluids. As industries continue to innovate and explore alternative methods of operation, the demand for conventional process fluids could decline. Manufacturers must stay ahead of these trends by investing in research and development to adapt to changing market dynamics and ensure their products remain relevant in an evolving landscape.

Competitor Outlook

• ExxonMobil
• Royal Dutch Shell
• BASF SE
• Fuchs Petrolub AG
• Castrol Limited
• Chevron Corporation
• TotalEnergies SE
• Dow Inc.
• Idemitsu Kosan Co., Ltd.
• Kluber Lubrication
• Valvoline Inc.
• Houghton International, Inc.
• Petrobras
• Chevron Oronite
• Milacron LLC

The competitive landscape of the process fluid market is characterized by a mix of established global players and emerging companies. Major corporations such as ExxonMobil and Royal Dutch Shell dominate the market, leveraging their vast resources and extensive distribution networks to maintain a competitive edge. These companies are investing heavily in research and development to create innovative process fluid formulations that cater to the evolving needs of various industries. Furthermore, their commitment to sustainability and environmentally friendly products positions them favorably in a market increasingly focused on eco-conscious solutions. As the demand for specialized process fluids continues to rise, these major players are likely to retain their stronghold in the industry.

In addition to the larger corporations, smaller niche players also contribute to the competitive landscape by offering specialized products tailored to specific industries or applications. Companies like Kluber Lubrication and Houghton International have carved out their niches by providing high-performance lubricants and process fluids that meet stringent regulatory requirements. These niche players often focus on innovation and customer service to differentiate themselves from larger competitors, allowing them to capture market share in specific sectors. The presence of these smaller companies fosters a competitive environment that encourages innovation and responsiveness to market demands.

As the process fluid market continues to evolve, collaboration and partnerships among key players will be crucial. Strategic alliances between manufacturers and distributors can enhance market access and streamline supply chains, allowing companies to better respond to customer needs. Additionally, companies that invest in expanding their research and development capabilities are likely to maintain a competitive advantage by bringing new and innovative products to market. Overall, the competitive landscape of the process fluid market is dynamic, with opportunities for both established players and emerging companies to thrive in an increasingly competitive environment.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Dow Inc.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Petrobras
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 ExxonMobil
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Milacron LLC
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Valvoline Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Castrol Limited
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Chevron Oronite
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 TotalEnergies SE
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Fuchs Petrolub AG
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Royal Dutch Shell
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Kluber Lubrication
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Chevron Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Idemitsu Kosan Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Houghton International, Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Process Fluid Market, By Application
    • 6.1.1 Chemical Processing
    • 6.1.2 Oil & Gas
    • 6.1.3 Food & Beverage
    • 6.1.4 Pharmaceuticals
    • 6.1.5 Automotive
  • 6.2 Process Fluid Market, By Product Type
    • 6.2.1 Hydraulic Fluids
    • 6.2.2 Heat Transfer Fluids
    • 6.2.3 Lubricants
    • 6.2.4 Coolants
    • 6.2.5 Cleaning Fluids
  • 6.3 Process Fluid Market, By Ingredient Type
    • 6.3.1 Synthetic
    • 6.3.2 Mineral Oil
    • 6.3.3 Bio-based
    • 6.3.4 Semi-synthetic
    • 6.3.5 Others
  • 6.4 Process Fluid Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributors
    • 6.4.3 Online Retailers
    • 6.4.4 Wholesalers
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Process Fluid Market by Region
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Process Fluid market is categorized based on

By Product Type

• Hydraulic Fluids
• Heat Transfer Fluids
• Lubricants
• Coolants
• Cleaning Fluids

By Application

• Chemical Processing
• Oil & Gas
• Food & Beverage
• Pharmaceuticals
• Automotive

By Distribution Channel

• Direct Sales
• Distributors
• Online Retailers
• Wholesalers
• Others

By Ingredient Type

• Synthetic
• Mineral Oil
• Bio-based
• Semi-synthetic
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• ExxonMobil
• Royal Dutch Shell
• BASF SE
• Fuchs Petrolub AG
• Castrol Limited
• Chevron Corporation
• TotalEnergies SE
• Dow Inc.
• Idemitsu Kosan Co., Ltd.
• Kluber Lubrication
• Valvoline Inc.
• Houghton International, Inc.
• Petrobras
• Chevron Oronite
• Milacron LLC