Lubricants Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Lubricants Market By Base oil (Mineral oil, Synthetic oil, and Bio-based oil), By Product type (Engine oil, Hydraulic fluid, Metalworking fluid, Gear oil, Compressor oil, Grease, Turbine oil, and others), By End user industry (Power generation, Heavy equipment, Food & Beverage, Metallurgy & Metalworking, Chemical manufacturing, and others), and Geography

 

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Report

Description

Lubricants Market size is valued at USD 130.5 billion in 2021 and is expected to reach USD 168.2 billion by 2028, at a CAGR of 3.7% during the forecast period 2022-2028. The Lubricants market will continue to grow at this rate due to the availability of raw materials and the growing desire of the target audience for lubricants and their by-products. One of the significant market trends during this time is that there is an increasing demand for both automobiles and their spare parts, which is predicting the demand for automotive oils and greases and, as a result, is driving the industry’s global expansion. Lubricants are primarily used to reduce friction between surfaces, which in turn helps to reduce the amount of heat created. Lubricants have exceptional and lively properties such as a high boiling point, corrosion resistance, thermal stability, emulsification, and lubricity. The number of automobiles on the road is rapidly expanding as a result of economic expansion. this report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global Lubricants Market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Lubricants Market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

Lubricants Market

MARKET SUMMARY
-
3.7%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 3.7%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Europe

Lubricants Market

  • The global Lubricants Market report gives comprehensive outlook on Lubricants Market across the globe with special emphasis on key regions such as  Asia Pacific,North America, Europe, Latin America, and Middle East and Africa.
  • The report on global Lubricants Market gives historical, current, and future market sizes (US$ Mn) on the basis of type, end-user and Region.
  • In February 2019, Amalie Oil Co., a producer and distributor of lubricants completed the acquisition of Lubricating Specialities Co. (LSC).
  • In November 2019, Fuchs Group signed an agreement with Nye Lubricants, a company engaged in formulation and manufacturing of synthetic lubricants.
key players
  • Royal Dutch Shell
  • ExxonMobil
  • BP PLC.
  • Chevron Corporation
  • Total S.A.
Lubricants Market

DRIVERS AND RESTRAINTS

Hybrid vehicles combine a tiny internal combustion engine (ICE) with an electric motor to maximise power efficiency while lowering pollution. Lubricants, primarily engine oil and transmission fluid, are required by ICE inside a car. According to industry experts, the increased number of hybrid vehicles will reduce lubricant use per vehicle by nearly half. This reason, together with rising battery parity, will diminish the worldwide lubricant market’s volume. Electric vehicle batteries are expensive; but, as technology improves, the cost is decreasing and the driving range per charge is growing. These variables have a significant impact on lubricant usage. Engine oil accounts for more than 40% of the overall lubricant market in the current environment, according to industry analysts.


Asia Pacific got significant share

Lubricants Market

In terms of both volume and value, APAC is projected to account for the largest share of the global lubricant industry during the forecast period. The region’s growing population, followed by increasing industrial spending and infrastructural developments in the emerging markets of China, India and Indonesia, is projected to make it an ideal destination for the lubricant industry.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • Global lubricants market expanding at significant CAGR over 2022 to 2028 owing to growing automotive industry, growing GDP led by industrial growth, increased demand for high-performance needs.
  • APAC accounted for larger share of market revenue based on the region and projected a gain in market revenue over a forecast period.
  • Players focusing on innovation of technologies and collaboration strategies to retain market position in global market.

Key

Features of the Report

Lubricants Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Lubricants Market Introduction
    • Global Lubricants Market – Taxonomy
    • Global Lubricants Market –Definitions
      • By Base oil
      • By Product Type
      • By End User Industry
      • By Region
  1. Global Lubricants Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Lubricants Market Dynamic Factors – Impact Analysis
    • Global Lubricants Market – Competition Landscape
  2. Global Lubricants Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Lubricants Market, By Base oil, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Mineral Oil
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Synthetic Oil
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Bio-based Oil
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Lubricants Market Forecast, By Product Type, 2015 – 2019 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Engine Oil
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hydraulic fluid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Metalworking fluid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Gear oil
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Compressor oil
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Grease
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Turbine oil
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Lubricants Market, By End User Industry, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Power generation
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Heavy equipment
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Food & Beverage
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Metallurgy & Metalworking
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Chemical manufacturing
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Lubricants Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Lubricants Market – Opportunity Analysis Index, By Base oil, By Product Type, By End User Industry, and Region, 2020 – 2026
  2. North America Lubricants Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Base oil Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Mineral Oil
      • Synthetic Oil
      • Bio-based Oil
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Engine Oil
      • Hydraulic fluid
      • Metalworking fluid
      • Gear oil
      • Compressor oil
      • Grease
      • Turbine oil
      • Others
    • End User Industry Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Power generation
      • Heavy equipment
      • Food & Beverage
      • Metallurgy & Metalworking
      • Chemical manufacturing
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Lubricants Market – Opportunity Analysis Index, By Base oil, By Product Type, By End User Industry, and Country, 2020 – 2026
    • North America Lubricants Market Dynamics – Trends
  3. Europe Lubricants Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Base oil Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Mineral Oil
      • Synthetic Oil
      • Bio-based Oil
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Engine Oil
      • Hydraulic fluid
      • Metalworking fluid
      • Gear oil
      • Compressor oil
      • Grease
      • Turbine oil
      • Others
    • End User Industry Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Power generation
      • Heavy equipment
      • Food & Beverage
      • Metallurgy & Metalworking
      • Chemical manufacturing
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Europe Lubricants Market – Opportunity Analysis Index, By Base oil, By Product Type, By End User Industry, and Country, 2020 – 2026
    • Europe Lubricants Market Dynamics – Trends
  4. Asia-Pacific Lubricants Market Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Base oil Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Mineral Oil
      • Synthetic Oil
      • Bio-based Oil
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Engine Oil
      • Hydraulic fluid
      • Metalworking fluid
      • Gear oil
      • Compressor oil
      • Grease
      • Turbine oil
      • Others
    • End User Industry Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Power generation
      • Heavy equipment
      • Food & Beverage
      • Metallurgy & Metalworking
      • Chemical manufacturing
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Lubricants Market – Opportunity Analysis Index, By Base oil, By Product Type, By End User Industry, and Country, 2020 – 2026
    • Asia-Pacific Lubricants Market Dynamics – Trends
  5. Latin America Lubricants Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Base oil Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Mineral Oil
      • Synthetic Oil
      • Bio-based Oil
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Engine Oil
      • Hydraulic fluid
      • Metalworking fluid
      • Gear oil
      • Compressor oil
      • Grease
      • Turbine oil
      • Others
    • End User Industry Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Power generation
      • Heavy equipment
      • Food & Beverage
      • Metallurgy & Metalworking
      • Chemical manufacturing
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Lubricants Market – Opportunity Analysis Index, By Base oil, By Product Type, By End User Industry, and Country, 2020 – 2026
    • Latin America Lubricants Market Dynamics – Trends
  6. Middle East and Africa Lubricants Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Base oil Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Mineral Oil
      • Synthetic Oil
      • Bio-based Oil
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Engine Oil
      • Hydraulic fluid
      • Metalworking fluid
      • Gear oil
      • Compressor oil
      • Grease
      • Turbine oil
      • Others
    • End User Industry Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Power generation
      • Heavy equipment
      • Food & Beverage
      • Metallurgy & Metalworking
      • Chemical manufacturing
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Lubricants Market – Opportunity Analysis Index, By Base oil, By Product Type, By Product Types, By End User Industry, and Country, 2020 – 2026
    • MEA Lubricants Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product Type & Product Type Base oils, Key Developments, Strategies, and SWOT Analysis)
      • Royal Dutch Shell
      • ExxonMobil
      • BP PLC.
      • Chevron Corporation
      • Total S.A.
      • Petrochina Company Limited
      • Sinopec Limited
      • Fuchs Petrolub AG
      • Valvoline
      • Petronas
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

Competitive Assessment:

Key players profile in global lubricants market include-

  • Royal Dutch Shell
  • ExxonMobil
  • BP PLC.
  • Chevron Corporation
  • Total S.A.
  • Petrochina Company Limited
  • Sinopec Limited
  • Fuchs Petrolub AG
  • Valvoline
  • Petronas

Description

Lubricants Market size is valued at USD 130.5 billion in 2021 and is expected to reach USD 168.2 billion by 2028, at a CAGR of 3.7% during the forecast period 2022-2028. The Lubricants market will continue to grow at this rate due to the availability of raw materials and the growing desire of the target audience for lubricants and their by-products. One of the significant market trends during this time is that there is an increasing demand for both automobiles and their spare parts, which is predicting the demand for automotive oils and greases and, as a result, is driving the industry’s global expansion. Lubricants are primarily used to reduce friction between surfaces, which in turn helps to reduce the amount of heat created. Lubricants have exceptional and lively properties such as a high boiling point, corrosion resistance, thermal stability, emulsification, and lubricity. The number of automobiles on the road is rapidly expanding as a result of economic expansion. this report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global Lubricants Market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Lubricants Market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

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