Product Code: 978-1-68038-123-8
Lubricants Market Growth & Trends:
The global lubricants market size is estimated to reach USD 180.2 billion by 2030, expanding at a CAGR of 3.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growth in demand for biobased lubes owing to their eco-friendly characteristics is poised to pave way for higher demand over the coming years. Furthermore, the manufacturers are shifting and expanding their production units in developing nations owing to various factors, such as availability of raw materials and reduced infrastructure & labor costs. This, in turn, is anticipated to boost the market growth over the forecast period. Typical oil manufacturers use crude oil, CBM, tight oil, and other additives to formulate all types of lubricants.
Medical was the largest application for PEG, accounting for more than 40% of market share in 2022. Superior blending, hygroscopicity, and non-toxic properties of PEG have resulted in high demand for the chemical in numerous pharmaceutical products such as tablets and ointments. Increasing pharmaceutical expenditure, particularly in emerging economies of India, China, and Brazil, is expected to boost PEG market over the forecast period. Growing demand for paints & coatings coupled with the increasing use of PEG as a solvent due to its low VOC emissions is anticipated to fuel market growth over the next six years.
Economic growth in emerging markets, such as China, India, and Brazil, has led to the betterment of public transportation in these regions. This trend is expected to further strengthen commercial automotive lubricant demand. The Asia Pacific automotive industry is anticipated to witness a high growth rate over the forecast period owing to rapid economic development, mega construction projects, and the introduction of various favorable policies by the government, such as 100% FDI and "Smart Cities". Rapid industrial development and growing demand for high-performance luxurious passenger cars have also attracted heavy investments from international automotive players.
Companies, such as ExxonMobil and Chevron, are directly involved in the production of lubricants for specific applications, these companies are further involved in supply agreements with major end-users to ensure steady sales of lubricants. Companies, such as Total, Shell, Amsoil, and Castrol, have entered into exclusive supply agreements with Tata Motors & Vestas Wind Systems to supply their lubricant brands. Global as well as regional industry players are developing direct sales channels, especially for automotive lubricant users, at their local service centers. Some companies also participate in annual events of their end-users and showcase their products at offer prices.
Lubricants Market Report Highlights:
- The market is estimated significantly due to the increasing demand for automotive oils and greases on account of the growing trade of vehicles and their spare parts
- The automotive segment dominated the global industry in 2024 with the largest revenue share of 53.3%. This is attributed to the increased sales of consumer automobiles, such as buses, trucks, and other forms of passenger transport.
- Gas turbine oil is a high-performance oil created to help gas turbines run more efficiently and reliably while also enhancing the safety and productivity of power plant operations
- Asia Pacific dominated the market with a revenue share of 44.9% in 2024. A rising number of consumers is demanding advanced technological products with superior performance characteristics. This factor is conducive to market growth.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Lubricants Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Automotive/Product Outlook
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis
- 3.3.1. Factors Influencing Prices
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliances
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Product
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Lubricants Market: Product Estimates & Trend Analysis
- 4.1. Lubricants Market: Product Movement Analysis, 2023 & 2030
- 4.2. Mineral Oil
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 4.3. Synthetic Oil
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 4.4. Bio-Based Oils
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 5. Lubricants Market: Application Estimates & Trend Analysis
- 5.1. Lubricants Market: Application Movement Analysis, 2023 & 2030
- 5.2. Industrial
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.3. Automotive
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.4. Marines
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.5. Aerospace
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.6. Other Applications
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 6. Lubricants Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2023 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.7. Italy
- 6.3.7.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.7.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.8. Spain
- 6.3.8.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.8.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.8.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.7. South Korea
- 6.4.7.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.7.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.7.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.5. Argentina
- 6.5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6.5. South Africa
- 6.6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map Analysis
- 7.4. Company Market Positioning Analysis, 2024
- 7.5. Strategy Mapping
- 7.6. Company Profiles/Listing
- 7.6.1. ExxonMobil Corp.
- 7.6.1.1. Company Overview
- 7.6.1.2. Financial Performance
- 7.6.1.3. Product Benchmarking
- 7.6.2. Royal Dutch Shell Co.
- 7.6.2.1. Company Overview
- 7.6.2.2. Financial Performance
- 7.6.2.3. Product Benchmarking
- 7.6.3. BP PLC
- 7.6.3.1. Company Overview
- 7.6.3.2. Financial Performance
- 7.6.3.3. Product Benchmarking
- 7.6.4. TotalEnergies
- 7.6.4.1. Company Overview
- 7.6.4.2. Financial Performance
- 7.6.4.3. Product Benchmarking
- 7.6.5. Chevron Corp
- 7.6.5.1. Company Overview
- 7.6.5.2. Financial Performance
- 7.6.5.3. Product Benchmarking
- 7.6.6. Fuchs
- 7.6.6.1. Company Overview
- 7.6.6.2. Financial Performance
- 7.6.6.3. Product Benchmarking
- 7.6.7. Castrol India Limited
- 7.6.7.1. Company Overview
- 7.6.7.2. Financial Performance
- 7.6.7.3. Product Benchmarking
- 7.6.8. Amsoil Inc.
- 7.6.8.1. Company Overview
- 7.6.8.2. Financial Performance
- 7.6.8.3. Product Benchmarking
- 7.6.9. JX Nippon & Gas Exploration Corp.
- 7.6.9.1. Company Overview
- 7.6.9.2. Financial Performance
- 7.6.9.3. Product Benchmarking
- 7.6.10. Phillips 66 Company
- 7.6.10.1. Company Overview
- 7.6.10.2. Financial Performance
- 7.6.10.3. Product Benchmarking
- 7.6.11. Valvoline LLC
- 7.6.11.1. Company Overview
- 7.6.11.2. Financial Performance
- 7.6.11.3. Product Benchmarking
- 7.6.12. PetroChina Company Ltd.
- 7.6.12.1. Company Overview
- 7.6.12.2. Financial Performance
- 7.6.12.3. Product Benchmarking