- Engine Oil
- Engine Coolant
- Transmission Fluid
- Brake Fluid
- Differential Fluid
- Power Steering Fluid
- Hydraulic Clutch Fluid
- Window Washer Fluid
- Others
Fluids and Lubricants Market size was valued at USD 115.8 billion in 2023 and is poised to grow at a CAGR of 3.5 % over 2024-2030. The fluids and lubricants market is a critical sector of the worldwide industrial and automotive sectors. It is largely concerned with the manufacture, distribution, and use of different fluids and lubricants used to minimise friction, disperse heat, and protect machinery and equipment from wear and tear. The fluids and lubricants industry is varied, serving industries such as automotive, industrial, aerospace, marine, construction, and others.
The products in this market range from engine oils, transmission fluids, hydraulic fluids, gear oils, greases, coolants, and brake fluids, among others. Depending on the application and operating circumstances, each of these items is created to suit certain performance criteria. The increasing automotive industries are largely driving the fluids and lubricants industry, since vehicles require regular maintenance and lubrication to ensure optimal performance and longevity. The industry also witnesses continual technical developments in lubricant formulations, such as the development of synthetic lubricants and biodegradable fluids, which provide substantial prospects for the fluids and lubricants market to grow further. However, fluctuating crude oil prices, which directly affect the cost of base oils used in lubricant formulations, pose as a key impediment to the fluids and lubricants market's expansion. Manufacturers are adapting and diversifying their product offerings by developing innovative solutions. For instance, in January 2023, Goodyear Lubricants launched a new range of vehicle lubricant oils for distribution in South Asia, Southeast Asia and New Zealand in compliance with ongoing BS-6 and EURO 6 standards.
Fluids and Lubricants Market Key Developments:
- In November 2022, TotalEnergies, is launched new EV Fluid ranges in India for electric hybrid car and electric bikes and electric bikes.
- In September 2022, Gulf Oil Lubricants launched a special range of EV fluids for electric three wheelers and buses under its partnership with Piaggio Vehicles Pvt Ltd and Switch Mobility.
- In October 2021, Gulf Oil Lubricants India launches e-fluids for hybrid and EV.
Fluids and Lubricants Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
3.5%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Fluids and Lubricants Market Dynamics
The growth of developing nations' industrial and manufacturing sectors has resulted in an increase in demand for lubricants and fluids to support the functioning of machinery and equipment. Furthermore, the search for energy efficiency in equipment and automobiles has resulted in the introduction of modern lubricants including friction-reducing compounds, which has contributed to rising demand in the fluids and lubricants industry. Furthermore, synthetic lubricants are gaining popularity due to improved qualities such as high-temperature stability, low volatility, and longer service life, which has increased their demand in a variety of sectors and extended the fluids and lubricants industry.
Asia-Pacific Got Significant Share of
Fluids and Lubricants Market Regional Analysis
Fluids and lubricants market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Asia-Pacific region is expected to dominate the fluids and lubricants market owing to increasing automotive sales and infrastructure development. Moreover, countries like China, India and Japan are the largest consumer in the Asia-Pacific region, and the growing demand for advanced lubricants in the transportation sector and industrial machinery is fueling market growth. Europe is another prominent market for fluids and lubricants, with countries like Germany, France, and the United Kingdom leading in consumption. Furthermore, this region’s growing industrial activities and increased motorization is driving the demand for fluids and lubricants.
Latin America
Europe
Asia Pacific
Middle East
North America
Fluids and Lubricants Market Segmentation
By Product
By Propulsion Type
- Battery Electric Vehicles (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicles (HEVs) Distribution Channels
By Distribution Channel
- OEMs
- Aftermarkets
Frequently Asked Questions
Ans: Fluids and Lubricants market was valued at USD 115.8 billion in 2023 and is anticipated to grow at a CAGR of 3.5 % over 2024-2030.
Ans: The increasing automotive sales and electric vehicle adoption as well as growing industrialization and infrastructure development are some of the factors that create potential opportunities for the growth of the fluids and lubricants market.
Ans: Shift towards synthetic and bio-based lubricants and technological advancements in lubricant formulations are some of the major trends in the fluids and lubricants market.
Ans: Delian Group, Fuchs, Lubrizol Corporation, Lukoil, Sinopec, COPTON, Castrol, Petronas, OQ Chemicals, Tide Water Oil Co, JX Group, Pertamina, BASF, Amsoil, Eneos, Shell, CNPC, Chevron, Ashland Valvoline, BP, Total, Chemtura, ExxonMobil, GAOKE PETROCHEMICAL, Idemitsu Kosan are a few companies operating in fluids and lubricants market.
Key Features of the Report
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
| 1.Executive Summary |
| 2.Global Fluids and Lubricants Market Introduction |
| 2.1.Global Fluids and Lubricants Market - Taxonomy |
| 2.2.Global Fluids and Lubricants Market - Definitions |
| 2.2.1.Product |
| 2.2.2.Propulsion Type |
| 2.2.3.Distribution Channel |
| 2.2.4.Region |
| 3.Global Fluids and Lubricants Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Fluids and Lubricants Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Fluids and Lubricants Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Engine Oil |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Engine Coolant |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Transmission Fluid |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Brake Fluid |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Differential Fluid |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Power Steering Fluid |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Hydraulic Clutch Fluid |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Window Washer Fluid |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Others |
| 5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 6.Global Fluids and Lubricants Market By Propulsion Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Battery Electric Vehicles (BEV) |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Plug-In Hybrid Electric Vehicle (PHEV) |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Hybrid Electric Vehicles (HEVs) Distribution Channels |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Fluids and Lubricants Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. OEMs |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Aftermarkets |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.Global Fluids and Lubricants Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Fluids and Lubricants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Engine Oil |
| 9.1.2.Engine Coolant |
| 9.1.3.Transmission Fluid |
| 9.1.4.Brake Fluid |
| 9.1.5.Differential Fluid |
| 9.1.6.Power Steering Fluid |
| 9.1.7.Hydraulic Clutch Fluid |
| 9.1.8.Window Washer Fluid |
| 9.1.9.Others |
| 9.2. Propulsion Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Battery Electric Vehicles (BEV) |
| 9.2.2.Plug-In Hybrid Electric Vehicle (PHEV) |
| 9.2.3.Hybrid Electric Vehicles (HEVs) Distribution Channels |
| 9.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.OEMs |
| 9.3.2.Aftermarkets |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Fluids and Lubricants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Engine Oil |
| 10.1.2.Engine Coolant |
| 10.1.3.Transmission Fluid |
| 10.1.4.Brake Fluid |
| 10.1.5.Differential Fluid |
| 10.1.6.Power Steering Fluid |
| 10.1.7.Hydraulic Clutch Fluid |
| 10.1.8.Window Washer Fluid |
| 10.1.9.Others |
| 10.2. Propulsion Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Battery Electric Vehicles (BEV) |
| 10.2.2.Plug-In Hybrid Electric Vehicle (PHEV) |
| 10.2.3.Hybrid Electric Vehicles (HEVs) Distribution Channels |
| 10.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.OEMs |
| 10.3.2.Aftermarkets |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Fluids and Lubricants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Engine Oil |
| 11.1.2.Engine Coolant |
| 11.1.3.Transmission Fluid |
| 11.1.4.Brake Fluid |
| 11.1.5.Differential Fluid |
| 11.1.6.Power Steering Fluid |
| 11.1.7.Hydraulic Clutch Fluid |
| 11.1.8.Window Washer Fluid |
| 11.1.9.Others |
| 11.2. Propulsion Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Battery Electric Vehicles (BEV) |
| 11.2.2.Plug-In Hybrid Electric Vehicle (PHEV) |
| 11.2.3.Hybrid Electric Vehicles (HEVs) Distribution Channels |
| 11.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.OEMs |
| 11.3.2.Aftermarkets |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Fluids and Lubricants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Engine Oil |
| 12.1.2.Engine Coolant |
| 12.1.3.Transmission Fluid |
| 12.1.4.Brake Fluid |
| 12.1.5.Differential Fluid |
| 12.1.6.Power Steering Fluid |
| 12.1.7.Hydraulic Clutch Fluid |
| 12.1.8.Window Washer Fluid |
| 12.1.9.Others |
| 12.2. Propulsion Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Battery Electric Vehicles (BEV) |
| 12.2.2.Plug-In Hybrid Electric Vehicle (PHEV) |
| 12.2.3.Hybrid Electric Vehicles (HEVs) Distribution Channels |
| 12.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.OEMs |
| 12.3.2.Aftermarkets |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Fluids and Lubricants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Engine Oil |
| 13.1.2.Engine Coolant |
| 13.1.3.Transmission Fluid |
| 13.1.4.Brake Fluid |
| 13.1.5.Differential Fluid |
| 13.1.6.Power Steering Fluid |
| 13.1.7.Hydraulic Clutch Fluid |
| 13.1.8.Window Washer Fluid |
| 13.1.9.Others |
| 13.2. Propulsion Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Battery Electric Vehicles (BEV) |
| 13.2.2.Plug-In Hybrid Electric Vehicle (PHEV) |
| 13.2.3.Hybrid Electric Vehicles (HEVs) Distribution Channels |
| 13.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.OEMs |
| 13.3.2.Aftermarkets |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Delian Group |
| 14.2.2.Fuchs |
| 14.2.3.Lubrizol Corporation |
| 14.2.4.Lukoil |
| 14.2.5.Sinopec |
| 14.2.6.COPTON |
| 14.2.7.Castrol |
| 14.2.8.Petronas |
| 14.2.9.OQ Chemicals |
| 14.2.10.Tide Water Oil Co |
| 14.2.11.JX Group |
| 14.2.12.Pertamina |
| 14.2.13.Eneos |
| 14.2.14.Shell |
| 14.2.15.CNPC |
| 14.2.16.Chevron |
| 14.2.17.Ashland Valvoline |
| 14.2.18.BP |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Delian Group
- Fuchs
- Lubrizol Corporation
- Lukoil
- Sinopec
- COPTON
- Castrol
- Petronas
- OQ Chemicals
- Tide Water Oil Co
- JX Group
- Pertamina
- BASF
- Amsoil
- Eneos
- Shell
- CNPC
- Chevron
- Ashland Valvoline
- BP
- Total
- Chemtura
- ExxonMobil
- GAOKE PETROCHEMICAL
- Idemitsu Kosan