- Engine Oil
- Hydraulic Fluid
- Metalworking Fluid
- Others
Lubricants Market size was valued at USD 130.5 billion in 2022 and is expected to reach USD 168.2 billion by 2029, at a CAGR of 4.1% during the forecast period 2023-2029. Increased demand for engines with high performance, demand for renewable energy and cost-effective manufacturing techniques act as drivers. Hybrid vehicle demand and rising parity in battery prices, raw material stringent auto regulations and norms rising demand for bio-based products act as restrain to the global market. Robust industrialization provides significant opportunity to global lubricants market. The report studies global lubricants market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
It is noticed that the global lubricants market has a significant market growth rate on perspective of increasing application in automotive industry. Automotive industry, all those companies and activities involved in the manufacture of motor vehicles, including most components, such as engines and bodies, but excluding tires, batteries, and fuel. The industrys principal products are passenger automobiles and light trucks, including pickups, vans, and sport utility vehicles. Commercial vehicles, though important to the industry, are secondary.
The lubricants market is projected to expand at a CAGR of 4.1% during the forecast period
Royal Dutch Shell (Netherlands), ExxonMobil (U.S.), BP PLC (U.K.), Chevron Corporation (U.S.), Total S.A. (France), Petrochina Company Limited (China), Idemitsu Kosan Co. Ltd. (Japan), Sinopec Limited (China), Fuchs Petrolub AG (Germany)
North America is the fastest-growing region for lubricants market
1. Executive Summary |
2. Global Lubricants Market Introduction |
2.1. Global Lubricants Market Taxonomy |
2.2. Global Lubricants Market Definitions |
2.2.1. Product Type |
2.2.2. Base Oil |
2.2.3. Application |
3. Global Lubricants Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Lubricants Market Dynamic Factors - Impact Analysis |
3.6. Global Lubricants Market Competition Landscape |
4. Global Lubricants Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Lubricants Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1. Engine Oil |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Hydraulic Fluid |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Metalworking Fluid |
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Others |
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6. Global Lubricants Market Forecast, By Base Oil, 2018 - 2022 and Forecast, 2020 2026 (Revenue, USD Mn) |
6.1. Mineral Oil |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Synthetic Oil |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Bio-based Oil |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7. Global Lubricants Market Forecast, By Application, 2018 - 2022 and Forecast, 2020 2026 (Revenue, USD Mn) |
7.1. Transportation |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Industrial |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Others |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8. Global Lubricants Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
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 |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Lubricants Market - Opportunity Analysis Index, By Product Type, Base Oil, Application and Region, 2023 - 2029 |
9. North America Lubricants Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Engine Oil |
9.1.2. Hydraulic Fluid |
9.1.3. Metalworking Fluid |
9.1.4. Others |
9.2. Base Oil Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.2.1. Mineral Oil |
9.2.2. Synthetic Oil |
9.2.3. Bio-based Oil |
9.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.3.1. Transportation |
9.3.2. Industrial |
9.3.3. Others |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.4.1. USA |
9.4.2. Canada |
9.5. North America Lubricants Market - Opportunity Analysis Index, By Product Type, Base Oil, Application and Country, 2023 - 2029 |
9.6. North America Lubricants Market Dynamics Trends |
10. Europe Lubricants Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Engine Oil |
10.1.2. Hydraulic Fluid |
10.1.3. Metalworking Fluid |
10.1.4. Others |
10.2. Base Oil Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Mineral Oil |
10.2.2. Synthetic Oil |
10.2.3. Bio-based Oil |
10.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Transportation |
10.3.2. Industrial |
10.3.3. Others |
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Germany |
10.4.2. UK |
10.4.3. France |
10.4.4. Spain |
10.4.5. Italy |
10.4.6. Russia |
10.4.7. Poland |
10.4.8. Rest of Europe |
10.5. Europe Lubricants Market - Opportunity Analysis Index, By Product Type, Base Oil, Application and Country, 2023 - 2029 |
10.6. Europe Lubricants Market Dynamics Trends |
11. Asia-Pacific Lubricants Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Engine Oil |
11.1.2. Hydraulic Fluid |
11.1.3. Metalworking Fluid |
11.1.4. Others |
11.2. Base Oil Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Mineral Oil |
11.2.2. Synthetic Oil |
11.2.3. Bio-based Oil |
11.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Transportation |
11.3.2. Industrial |
11.3.3. Others |
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Japan |
11.4.2. China |
11.4.3. India |
11.4.4. ASEAN |
11.4.5. Australia & New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Lubricants Market - Opportunity Analysis Index, By Product Type, Base Oil, Application and Country, 2023 - 2029 |
11.6. Asia-Pacific Lubricants Market Dynamics Trends |
12. Latin America Lubricants Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Engine Oil |
12.1.2. Hydraulic Fluid |
12.1.3. Metalworking Fluid |
12.1.4. Others |
12.2. Base Oil Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Mineral Oil |
12.2.2. Synthetic Oil |
12.2.3. Bio-based Oil |
12.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Transportation |
12.3.2. Industrial |
12.3.3. Others |
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Argentina |
12.4.4. Rest of Latin America |
12.5. Latin America Lubricants Market - Opportunity Analysis Index, By Product Type, Base Oil, Application and Country, 2023 - 2029 |
12.6. Latin America Lubricants Market Dynamics Trends |
13. Middle East and Africa Lubricants Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
13.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Engine Oil |
13.1.2. Hydraulic Fluid |
13.1.3. Metalworking Fluid |
13.1.4. Others |
13.2. Base Oil Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Mineral Oil |
13.2.2. Synthetic Oil |
13.2.3. Bio-based Oil |
13.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Transportation |
13.3.2. Industrial |
13.3.3. Others |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Gulf Cooperation Council (GCC) Countries |
13.4.2. Israel |
13.4.3. South Africa |
13.4.4. Rest of MEA |
13.5. MEA Lubricants Market - Opportunity Analysis Index, By Product Type, Base Oil, Application and Country, 2023 - 2029 |
13.6. MEA Lubricants Market Dynamics Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Product Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. Royal Dutch Shell (Netherlands) |
14.2.2. ExxonMobil (U.S.) |
14.2.3. BP PLC (U.K.) |
14.2.4. Chevron Corporation (U.S.) |
14.2.5. Total S.A. (France) |
14.2.6. Petrochina Company Limited (China) |
14.2.7. Idemitsu Kosan Co. Ltd. (Japan) |
14.2.8. Sinopec Limited (China) |
14.2.9. Fuchs Petrolub AG (Germany) |
14.2.10. Valvoline (U.S.) |
14.2.11. Lukoil (Russia) |
14.2.12. Petronas (Malaysia) |
14.2.13. Gazprom Neft (Russia) |
14.2.14. Pertamina (Indonesia) |
15. Research Methodology |
16. Key Assumptions and Acronyms |