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Lubricants Market by Base Oil Type (Mineral Oil Lubricant, Synthetic Lubricants, Bio-based Lubricants), Product Type (Engine Oil, Turbine Oil, Metalworking Fluid, hydraulic Oil), End-use Industry (Transportation and Industrial) - Forecast to 2029

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    Report

  • 397 Pages
  • April 2024
  • Region: Global
  • Markets and Markets
  • ID: 5129012
In terms of value, the lubricants market is estimated to grow from USD 173.5 billion in 2024 to USD 198.4 billion by 2029, at a CAGR of 2.7%. The mounting demand for high performance engines, growing demand from marine application and rise in refinery capabilities are driving the lubricants market. Also, as individuals become more conscious of the potential health hazards linked to mineral oil based lubricants, there is an escalating desire for synthetic and bio-based lubricant alternatives.

Engine oil was the largest product type of lubricants market, in terms of value, in 2023.

Engine oil is the most used product type in the lubricants market, mainly due to its widespread use in the transporation and industrial end-use industry. It's crucial for preserving engine efficiency by reducing friction, dispersing heat, and preventing wear and corrosion. Technological advancements have enhanced its formulations, making it more efficient and in-demand. With the growing production of vehicles globally and stricter emission regulations, there's a rising need for advanced lubricants like engine oil to ensure better fuel efficiency and vehicle longevity. Overall, engine oil's dominance is attributed to its essential role in vehicle maintenance, technological improvements, and its contribution to fuel efficiency and engine durability.

Transportation was the largest end-use industry of lubricants market, in terms of value, in 2023.

Transportation stands as the largest end-user industry in the lubricants market due to its extensive reliance on various lubricants for smooth operation and maintenance of vehicles. From cars and trucks to airplanes and ships, transportation vehicles require lubricants to reduce friction, prevent wear and tear, and ensure optimal performance. This demand is fueled by the continuous need for efficient and reliable transportation services across the globe, driving the growth of the lubricants market in this sector. Also, the upcoming new technologies in transportation industry requires specially designed lubrication solutions, making the transporation end-use industry a significant end-use in the market.

The Middle East & AFrica is projected to be the second fastest-growing region, in terms of value, during the forecast period in the lubricants market.

The Middle East & Africa region is expected to see significant growth in the lubricants market due to several factors. The region's strong economic growth and rapid industrialization are driving increased demand for lubricants across various sectors like automotive, manufacturing, and construction. Additionally, investments in infrastructure development and the oil & gas industry further contribute to this growth. With the Middle East being a major oil-producing region, there's a steady supply of base oils, a crucial ingredient in lubricant production, ensuring market stability. Moreover, the expanding automotive aftermarket and rising vehicle ownership rates in Africa add to the region's growth potential. Overall, the Middle East & Africa's favorable economic conditions and infrastructure investments make it a promising market for lubricants.
  • By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%
  • By Designation: C-Level - 23%, Director Level - 37%, and Others - 40%
  • By Region: North America - 24%, Europe - 40%, Asia Pacific - 17%, South America - 7%, Middle East & Africa - 12%,
The key players profiled in the report include Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), PetroChina Company Limited (China), TotalEnergies SE (France), ENEOS Holdings, Inc. (Japan), China Petroleum & Chemical Corporation (China), Idemitsu Kosan Co., Ltd. (Japan), and others.

Research Coverage

This report segments the market for lubricants based on base oil type, product type, end-use industry, and region and provides estimations of volume (Kiloton) and value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for lubricants.

Reasons to Buy this Report

This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the lubricants market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on lubricants offered by top players in the global market
  • Analysis of key drives: (growing demand for high perforamnance engines, rise of refinery capacifies, mounting demand from marine applications, and limits of electric vehicles), restraints (Swing towards synthetic lubricants, increasing demand for electric vehicles), opportunities (Mounting demand for bio-based lubricants, growing demand from construction, mining, and agriculture industries, and increasing demand for renewable energy), and challenges (Escalating raw material prices, and strict environmental norms) influencing the growth of lubricants market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the lubricants market
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for lubricants across regions.
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global lubricants market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the lubricants market

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Lubricants Market: Inclusions & Exclusions
1.2.2 Lubricants Market: Market Definitions and Inclusions, by Base Oil
1.2.3 Lubricants Market: Market Definitions and Inclusions, by Product Type
1.2.4 Lubricants Market: Market Definitions and Inclusions, by End-use Industry
1.3 Market Scope
Figure 1 Lubricants Market Segmentation
1.3.1 Regions Covered
1.4 Years Considered
1.5 Currency
1.6 Units Considered
1.7 Stakeholders
1.8 Summary of Changes
1.8.1 Impact of Recession
2 Research Methodology
2.1 Research Data
Figure 2 Lubricants Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Primary Interviews - Demand and Supply Sides
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Approach 1 (Supply Side): Collective Revenue of Companies
Figure 4 Market Size Estimation Methodology: Approach 2 (Supply Side): Collective Revenue of All Products (Bottom-Up)
Figure 5 Market Size Estimation Methodology: Approach 3 (Demand Side): Products Sold (Bottom Up)
2.3 Data Triangulation
Figure 6 Lubricants Market: Data Triangulation
2.4 Growth Rate Assumptions/Growth Forecasts
2.4.1 Supply Side
Figure 7 Market Growth Projection from Supply Side
2.4.2 Demand Side
Figure 8 Market Growth Projection from Demand-Side Drivers and Opportunities
2.5 Factor Analysis
2.6 Impact of Recession
2.7 Limitations
2.8 Risk Assessment
Table 1 Lubricants Market: Risk Assessment
3 Executive Summary
Figure 9 Mineral Oil Lubricants Segment to Account for Largest Share During Forecast Period
Figure 10 Engine Oil Dominated Overall Lubricants Market in 2023
Figure 11 Passenger Vehicle to be Dominant Consumer of Lubricants in Transportation Segment
Figure 12 Construction to be Leading End-user of Lubricants in Industrial Segment
Figure 13 Asia-Pacific Accounted for Largest Market Share in 2023
4 Premium Insights
4.1 Attractive Opportunities in Lubricants Market
Figure 14 Lubricants Market to Witness Steady Growth During Forecast Period
4.2 Asia-Pacific Lubricants Market, by Base Oil and Country
Figure 15 China Led Asia-Pacific Lubricants Market in 2023
4.3 Lubricants Market, by Region
Figure 16 Asia-Pacific to be Largest Market for Lubricants During Forecast Period
4.4 Lubricants Market Size, by End-use Industry V/S Region, 2023
Figure 17 Transportation Accounted for Larger Market Share in 2023
4.5 Lubricants Market Attractiveness
Figure 18 China Projected to be Fastest-Growing Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Factors Governing Lubricants Market
5.2.1 Drivers
5.2.1.1 Growing Demand for High-Performance Engines and Rising Awareness About Oil Change
5.2.1.2 Increase in Supply of Group II and Group III Base Oil
5.2.1.3 Emission and Fuel Efficiency Norms Fueling Demand in Emerging Markets
Table 2 Implementation of Emission Standards for Light-Duty Vehicles in China
5.2.1.4 Growing Demand from Mining, Construction, Agriculture, and Marine Industries
5.2.2 Restraints
5.2.2.1 Shift Toward Synthetic Lubricants Reducing Overall Demand for Lubricants
5.2.2.2 Rising Demand for Electric Vehicles and Reducing Price of Battery
Figure 20 Government Targets for Electric Vehicles
5.2.3 Opportunities
5.2.3.1 Leveraging E-Commerce Industry to Increase Customer Reach
5.2.3.2 Increasing Demand for Renewable Energy
5.2.3.3 Growth in Demand for Bio-based Lubricants
5.2.4 Challenges
5.2.4.1 Stringent Environmental Norms and Continuous Reforms by Governments
5.2.4.2 Volatile Raw Material Prices
Table 3 Crude Oil Price Trend (2019-2022)
5.3 Porter's Five Forces Analysis
Figure 21 Lubricants Market: Porter's Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Threat of New Entrants
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
Table 4 Lubricants Market: Porter's Five Forces Analysis
5.4 Macroeconomic Indicators
5.4.1 GDP Trends and Forecast for Major Economies
Table 5 GDP Trends and Forecast of Major Economies, 2020-2028 (USD Billion)
6 Industry Trends
6.1 Key Stakeholders and Buying Criteria
6.1.1 Key Stakeholders in Buying Process
Figure 22 Influence of Stakeholders in Buying Process for Top Three End-use Industries (Transportation)
Table 6 Influence of Stakeholders in Buying Process for Top Three End-use Industries (%) (Transportation)
6.1.2 Buying Criteria
Figure 23 Key Buying Criteria for Top Three End-use Industries (Transportation)
Table 7 Key Buying Criteria for Top Three End-use Industries (Transportation)
6.2 Supply Chain Analysis
Figure 24 Lubricants Market: Supply Chain Analysis
6.2.1 Raw Materials Supplier
6.2.2 Manufacturer
6.2.3 Distribution Network
6.2.4 End-use Industries
6.3 Ecosystem Analysis
Figure 25 Lubricants Market: Ecosystem Analysis
Table 8 Lubricants Market: Role in Ecosystem
6.4 Case Study Analysis
6.4.1 A Case Study on Compressor Lubricant
6.4.2 A Case Study on Synthetic Lubricant
6.4.3 A Case Study on Hydraulic Fluids
6.4.4 A Case Study on Compressor Oil
6.5 Regulatory Landscape
Table 9 North America: Regulations for Lubricants
Table 10 Europe: Regulations for Lubricants
Table 11 Asia-Pacific: Regulations for Lubricants
Table 12 Middle East & Africa: Regulations for Lubricants
Table 13 South America: Regulations for Lubricants
6.5.1 Regulatory Bodies, Government Agencies, and Other Organizations
6.6 Technology Analysis
6.6.1 Key Technologies
6.6.1.1 Re-Refining Technology
6.6.1.2 So2 Scrubbing System Technology
6.6.2 Complementary Technologies
6.6.2.1 Nanotechnology in Lubricants
6.7 Trends/Disruptions Impacting Customers' Businesses
6.7.1 Revenue Shift and New Revenue Pockets in Lubricants Market
Figure 26 Lubricants Market: Future Revenue Mix
6.8 Trade Data Statistics
6.8.1 Import Data
Figure 27 Lubricants Import, by Key Countries (2018-2022)
Table 14 Import of Lubricants, by Region, 2018-2022 (USD Billion)
6.8.2 Export Data
Figure 28 Lubricants Export, by Key Countries (2018-2022)
Table 15 Export of Lubricants, by Region, 2018-2022 (USD Billion)
6.9 Key Conferences & Events
Table 16 Lubricants Market: Detailed List of Conferences & Events, 2024-2025
6.10 Pricing Analysis
6.10.1 Average Selling Price Trend of Key Players, by Base Oil
Figure 29 Average Selling Price Trend of Key Players for Top Three Base Oil
Table 17 Average Selling Price Trend of Key Players for Top Three Base Oil (USD/KG)
6.10.2 Average Selling Price Trend, by Region
Figure 30 Average Selling Price Trend of Lubricants, by Region
Table 18 Average Selling Price Trend of Lubricants, by Region, 2022-2029 (USD/KG)
6.11 Investment and Funding Scenario
6.12 Patent Analysis
6.12.1 Approach
6.12.2 Document Type
Table 19 Patent Status: Patent Applications, Limited Patents, and Granted Patents
Figure 31 Patents Registered, 2012-2023
Figure 32 List of Major Patents for Lubricants
Table 20 Major Patents for Lubricants
6.12.3 Top Applicants
Table 21 Patents by BASF SE
Table 22 Patents by Dow Inc.
Table 23 Top 10 Patent Owners in US, 2012-2023
Figure 33 Legal Status of Patents Filed in Lubricants Market
6.12.4 Jurisdiction Analysis
Figure 34 Maximum Patents Filed in Jurisdiction of US
7 Lubricants Market, by Base Oil
7.1 Introduction
Table 24 Category of Base Oils
Figure 35 Mineral Oil Lubricants to Dominate Global Lubricants Market During Forecast Period
Table 25 Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 26 Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 27 Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 28 Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
7.2 Mineral Oil Lubricants
7.2.1 Growing Emphasis on Premium Grade to Drive Market
Table 29 Mineral Oil Lubricants Market, by Region, 2018-2022 (USD Million)
Table 30 Mineral Oil Lubricants Market, by Region, 2023-2029 (USD Million)
Table 31 Mineral Oil Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 32 Mineral Oil Lubricants Market, by Region, 2023-2029 (Kiloton)
7.3 Synthetic Lubricants
7.3.1 Growth in Global Acceptance Rate to Drive Market
Figure 36 Factors Affecting Global Synthetic Lubricants Market
Table 33 Synthetic Lubricants Market, by Region, 2018-2022 (USD Million)
Table 34 Synthetic Lubricants Market, by Region, 2023-2029 (USD Million)
Table 35 Synthetic Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 36 Synthetic Lubricants Market, by Region, 2023-2029 (Kiloton)
7.3.2 Pao
7.3.3 Pag
7.3.4 Esters
7.3.5 Group III (Hydrocracking)
7.4 Bio-based Lubricants
7.4.1 Harmful Effects of Conventional Lubricants on Environment to Drive Market
Table 37 Bio-based Lubricants Market, by Region, 2018-2022 (USD Million)
Table 38 Bio-based Lubricants Market, by Region, 2023-2029 (USD Million)
Table 39 Bio-based Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 40 Bio-based Lubricants Market, by Region, 2023-2029 (Kiloton)
8 Lubricants Market, by End-use Industry
8.1 Introduction
Table 41 Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 42 Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 43 Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 44 Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
8.2 Transportation
Figure 37 Passenger Vehicle to be Largest End-user in Transportation Industry
8.2.1 Commercial Vehicle
8.2.1.1 Increasing Demand for Compressor Oils to Drive Market
Table 45 Commercial Vehicle: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 46 Commercial Vehicle: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 47 Commercial Vehicle: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 48 Commercial Vehicle: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.2.2 Passenger Vehicle
8.2.2.1 Economic Development and Rising Spending Power to Drive Market
Table 49 Passenger Vehicle: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 50 Passenger Vehicle: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 51 Passenger Vehicle: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 52 Passenger Vehicle: Lubricants Market, by Region, 2023-2029 (Kiloton)
Table 53 Passenger Vehicle: Lubricants Market, by Vehicle Type, 2018-2022 (USD Million)
Table 54 Passenger Vehicle: Lubricants Market, by Vehicle Type, 2023-2029 (USD Million)
Table 55 Passenger Vehicle: Lubricants Market, by Vehicle Type, 2018-2022 (Kiloton)
Table 56 Passenger Vehicle: Lubricants Market, by Vehicle Type, 2023-2029 (Kiloton)
8.2.2.2 4-Wheeler
Table 57 4-Wheeler Passenger Vehicle: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 58 4-Wheeler Passenger Vehicle: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 59 4-Wheeler Passenger Vehicle: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 60 4-Wheeler Passenger Vehicle: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.2.2.3 2-Wheeler
Table 61 2-Wheeler Passenger Vehicle: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 62 2-Wheeler Passenger Vehicle: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 63 2-Wheeler Passenger Vehicle: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 64 2-Wheeler Passenger Vehicle: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.2.3 Aviation
8.2.3.1 Increasing Living Standards and Decreasing Airfare to Drive Market
Table 65 Aviation: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 66 Aviation: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 67 Aviation: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 68 Aviation: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.2.4 Marine
8.2.4.1 Growth in Overseas Business to Drive Market
Table 69 Marine: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 70 Marine: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 71 Marine: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 72 Marine: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.2.5 Railways
8.2.5.1 Europe to be Fastest-Growing Market in Railways End-use Segment
Table 73 Railways: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 74 Railways: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 75 Railways: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 76 Railways: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.3 Industrial
Figure 38 Construction to be Largest End-user in Industrial Sector During Forecast Period
8.3.1 Construction
8.3.1.1 Increased Government Investments in Infrastructure Projects to Drive Market
Table 77 Construction: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 78 Construction: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 79 Construction: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 80 Construction: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.3.2 Metal & Mining
8.3.2.1 Increasing Consumption in Steel Production Plants to Drive Market
Table 81 Metal & Mining: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 82 Metal & Mining: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 83 Metal & Mining: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 84 Metal & Mining: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.3.3 Cement Production
8.3.3.1 Growing Construction Activities to Drive Market
Table 85 Cement Production: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 86 Cement Production: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 87 Cement Production: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 88 Cement Production: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.3.4 Power Generation
8.3.4.1 Rising Awareness About Renewable Sources for Power Generation to Drive Market
Table 89 Power Generation: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 90 Power Generation: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 91 Power Generation: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 92 Power Generation: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.3.5 Automotive Manufacturing
8.3.5.1 Growing Demand for Automobiles in Developing Countries to Drive Market
Table 93 Automotive Manufacturing: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 94 Automotive Manufacturing: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 95 Automotive Manufacturing: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 96 Automotive Manufacturing: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.3.6 Chemical
8.3.6.1 Rising Demand for Fertilizers to Drive Market
Table 97 Chemical: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 98 Chemical: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 99 Chemical: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 100 Chemical: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.3.7 Oil & Gas
8.3.7.1 Need for Long-Term Stability and Smooth Functioning of Machinery to Drive Market
Table 101 Oil & Gas: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 102 Oil & Gas: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 103 Oil & Gas: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 104 Oil & Gas: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.3.8 Textile
8.3.8.1 Revolutionizing Textile Production with Advanced Solutions to Drive Market
Table 105 Textile: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 106 Textile: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 107 Textile: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 108 Textile: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.3.9 Food Processing
8.3.9.1 Growing Awareness About Safe Food Products to Drive Market
Table 109 Food Processing: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 110 Food Processing: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 111 Food Processing: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 112 Food Processing: Lubricants Market, by Region, 2023-2029 (Kiloton)
8.3.10 Others
Table 113 Others: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 114 Others: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 115 Others: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 116 Others: Lubricants Market, by Region, 2023-2029 (Kiloton)
9 Lubricants Market, by Product Type
9.1 Introduction
Figure 39 Engine Oil to Dominate Market During Forecast Period
Table 117 Lubricants Market, by Product Type, 2018-2022 (USD Million)
Table 118 Lubricants Market, by Product Type, 2023-2029 (USD Million)
Table 119 Lubricants Market, by Product Type, 2018-2022 (Kiloton)
Table 120 Lubricants Market, by Product Type, 2023-2029 (Kiloton)
9.2 Engine Oil
9.2.1 Increasing Demand for Premium Products with Low Sulfur Content to Drive Market
Table 121 Engine Oil: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 122 Engine Oil: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 123 Engine Oil: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 124 Engine Oil: Lubricants Market, by Region, 2023-2029 (Kiloton)
9.3 Hydraulic Oil
9.3.1 Growing Construction Sector to Drive Demand
Table 125 Hydraulic Oil: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 126 Hydraulic Oil: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 127 Hydraulic Oil: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 128 Hydraulic Oil: Lubricants Market, by Region, 2023-2029 (Kiloton)
9.3.2 Hl Hydraulic Fluid
9.3.3 Hlp Hydraulic Fluid
9.3.4 Hlp-D Hydraulic Fluid
9.3.5 Fire-Resistant Hydraulic Fluid
9.4 Metalworking Fluid
9.4.1 Growing Steel Industry to Support Market Growth
Table 129 Metalworking Fluid: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 130 Metalworking Fluid: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 131 Metalworking Fluid: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 132 Metalworking Fluid: Lubricants Market, by Region, 2023-2029 (Kiloton)
9.4.2 Removal Metalworking Fluid
9.4.3 Protecting Metalworking Fluid
9.4.4 Forming Metalworking Fluid
9.4.5 Treating Metalworking Fluid
9.5 Gear Oil
9.5.1 Technological Advancements in Mechatronics to Drive Market
Table 133 Gear Oil: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 134 Gear Oil: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 135 Gear Oil: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 136 Gear Oil: Lubricants Market, by Region, 2023-2029 (Kiloton)
9.5.2 Rust & Corrosion Inhibited Gear Oil
9.5.3 Compounded Gear Oil
9.5.4 Extreme Pressure Gear Oil
9.6 Compressor Oil
9.6.1 Increasing Demand for Refrigeration and Air-Conditioning Systems to Drive Market
Table 137 Compressor Oil: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 138 Compressor Oil: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 139 Compressor Oil: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 140 Compressor Oil: Lubricants Market, by Region, 2023-2029 (Kiloton)
9.7 Grease
9.7.1 Growing Mining, Construction, and Transport Industries to Drive Market
Table 141 Grease: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 142 Grease: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 143 Grease: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 144 Grease: Lubricants Market, by Region, 2023-2029 (Kiloton)
9.7.2 Metallic Soap Thickener
9.7.2.1 Lithium
9.7.2.2 Calcium
9.7.2.3 Aluminum
9.7.2.4 Sodium
9.7.2.5 Other Metallic Soaps
9.7.3 Non-Soap Thickener
9.7.4 Inorganic Thickener
9.7.4.1 Clay
9.7.4.2 Silica
9.7.5 Other Thickeners
9.8 Turbine Oil
9.8.1 Growing Power Generation Sector to Fuel Demand
Table 145 Turbine Oil: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 146 Turbine Oil: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 147 Turbine Oil: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 148 Turbine Oil: Lubricants Market, by Region, 2023-2029 (Kiloton)
9.9 Other Product Types
9.9.1 Transformer Oil
9.9.2 Refrigeration Oil
9.9.3 Textile Machinery Lubricants
Table 149 Other Product Types: Lubricants Market, by Region, 2018-2022 (USD Million)
Table 150 Other Product Types: Lubricants Market, by Region, 2023-2029 (USD Million)
Table 151 Other Product Types: Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 152 Other Product Types: Lubricants Market, by Region, 2023-2029 (Kiloton)
10 Lubricants Market, by Region
10.1 Introduction
Figure 40 Asia-Pacific to be Largest Market for Lubricants During Forecast Period
Table 153 Lubricants Market, by Region, 2018-2022 (USD Million)
Table 154 Lubricants Market, by Region, 2023-2029 (USD Million)
Table 155 Lubricants Market, by Region, 2018-2022 (Kiloton)
Table 156 Lubricants Market, by Region, 2023-2029 (Kiloton)
10.2 Asia-Pacific
Figure 41 Asia-Pacific: Lubricants Market Snapshot
10.2.1 Recession Impact
10.2.2 Asia-Pacific Lubricants Market, by Base Oil
Table 157 Asia-Pacific: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 158 Asia-Pacific: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 159 Asia-Pacific: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 160 Asia-Pacific: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
10.2.3 Asia-Pacific Lubricants Market, by Product Type
Table 161 Asia-Pacific: Lubricants Market, by Product Type, 2018-2022 (USD Million)
Table 162 Asia-Pacific: Lubricants Market, by Product Type, 2023-2029 (USD Million)
Table 163 Asia-Pacific: Lubricants Market, by Product Type, 2018-2022 (Kiloton)
Table 164 Asia-Pacific: Lubricants Market, by Product Type, 2023-2029 (Kiloton)
10.2.4 Asia-Pacific Lubricants Market, by End-use Industry
Table 165 Asia-Pacific: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 166 Asia-Pacific: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 167 Asia-Pacific: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 168 Asia-Pacific: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
Table 169 Asia-Pacific: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2018-2022 (USD Million)
Table 170 Asia-Pacific: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2023-2029 (USD Million)
Table 171 Asia-Pacific: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2018-2022 (Kiloton)
Table 172 Asia-Pacific: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2023-2029 (Kiloton)
10.2.5 Asia-Pacific Lubricants Market, by Country
Table 173 Asia-Pacific: Lubricants Market, by Country, 2018-2022 (USD Million)
Table 174 Asia-Pacific: Lubricants Market, by Country, 2023-2029 (USD Million)
Table 175 Asia-Pacific: Lubricants Market, by Country, 2018-2022 (Kiloton)
Table 176 Asia-Pacific: Lubricants Market, by Country, 2023-2029 (Kiloton)
10.2.5.1 China
10.2.5.1.1 Increasing Population and Rapid Industrialization to Drive Market
Table 177 China: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 178 China: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 179 China: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 180 China: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 181 China: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 182 China: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 183 China: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 184 China: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.2.5.2 Japan
10.2.5.2.1 Government's Fiscal Support and Technology Development to Drive Market
Table 185 Japan: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 186 Japan: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 187 Japan: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 188 Japan: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 189 Japan: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 190 Japan: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 191 Japan: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 192 Japan: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.2.5.3 India
10.2.5.3.1 Rapid Urbanization and Population Growth to Drive Market
Table 193 India: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 194 India: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 195 India: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 196 India: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 197 India: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 198 India: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 199 India: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 200 India: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.2.5.4 South Korea
10.2.5.4.1 Increasing Demand from Transportation Applications to Drive Synthetic Lubricants Market
Table 201 South Korea: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 202 South Korea: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 203 South Korea: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 204 South Korea: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 205 South Korea: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 206 South Korea: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 207 South Korea: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 208 South Korea: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.2.5.5 Indonesia
10.2.5.5.1 Rising Oil Production to Drive Market
Table 209 Indonesia: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 210 Indonesia: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 211 Indonesia: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 212 Indonesia: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 213 Indonesia: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 214 Indonesia: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 215 Indonesia: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 216 Indonesia: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.2.5.6 Thailand
10.2.5.6.1 Increasing Production of Automotive Parts to Drive Market
Table 217 Thailand: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 218 Thailand: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 219 Thailand: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 220 Thailand: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 221 Thailand: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 222 Thailand: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 223 Thailand: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 224 Thailand: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.2.5.7 Australia & New Zealand
10.2.5.7.1 Growing Mining Industry to Drive Market
Table 225 Australia & New Zealand: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 226 Australia & New Zealand: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 227 Australia & New Zealand: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 228 Australia & New Zealand: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 229 Australia & New Zealand: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 230 Australia & New Zealand: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 231 Australia & New Zealand: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 232 Australia & New Zealand: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.3 Europe
Figure 42 Europe: Lubricants Market Snapshot
10.3.1 Recession Impact
10.3.2 Europe Lubricants Market, by Base Oil
Table 233 Europe: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 234 Europe: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 235 Europe: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 236 Europe: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
10.3.3 Europe Lubricants Market, by Product Type
Table 237 Europe: Lubricants Market, by Product Type, 2018-2022 (USD Million)
Table 238 Europe: Lubricants Market, by Product Type, 2023-2029 (USD Million)
Table 239 Europe: Lubricants Market, by Product Type, 2018-2022 (Kiloton)
Table 240 Europe: Lubricants Market, by Product Type, 2023-2029 (Kiloton)
10.3.4 Europe Lubricants Market, by End-use Industry
Table 241 Europe: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 242 Europe: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 243 Europe: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 244 Europe: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
Table 245 Europe: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2018-2022 (USD Million)
Table 246 Europe: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2023-2029 (USD Million)
Table 247 Europe: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2018-2022 (Kiloton)
Table 248 Europe: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2023-2029 (Kiloton)
10.3.5 Europe Lubricants Market, by Country
Table 249 Europe: Lubricants Market, by Country, 2018-2022 (USD Million)
Table 250 Europe: Lubricants Market, by Country, 2023-2029 (USD Million)
Table 251 Europe: Lubricants Market, by Country, 2018-2022 (Kiloton)
Table 252 Europe: Lubricants Market, by Country, 2023-2029 (Kiloton)
10.3.5.1 Germany
10.3.5.1.1 Growing Industrial Activities to Drive Market
Table 253 Germany: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 254 Germany: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 255 Germany: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 256 Germany: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 257 Germany: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 258 Germany: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 259 Germany: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 260 Germany: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.3.5.2 Russia
10.3.5.2.1 Growing Middle-Class Population and Low Fuel Prices to Drive Market
Table 261 Russia: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 262 Russia: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 263 Russia: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 264 Russia: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 265 Russia: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 266 Russia: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 267 Russia: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 268 Russia: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.3.5.3 Italy
10.3.5.3.1 Growth in Manufacturing Industry to Drive Market
Table 269 Italy: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 270 Italy: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 271 Italy: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 272 Italy: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 273 Italy: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 274 Italy: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 275 Italy: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 276 Italy: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.3.5.4 France
10.3.5.4.1 Rising Spending Power to Drive Market
Table 277 France: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 278 France: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 279 France: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 280 France: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 281 France: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 282 France: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 283 France: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 284 France: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.3.5.5 Spain
10.3.5.5.1 Automotive Sector to Drive Market Growth
Table 285 Spain: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 286 Spain: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 287 Spain: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 288 Spain: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 289 Spain: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 290 Spain: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 291 Spain: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 292 Spain: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.3.5.6 UK
10.3.5.6.1 Increasing R&D Activities to Drive Market
Table 293 UK: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 294 UK: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 295 UK: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 296 UK: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 297 UK: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 298 UK: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 299 UK: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 300 UK: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.3.5.7 Turkey
10.3.5.7.1 Increasing Automotive Sales to Drive Market
Table 301 Turkey: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 302 Turkey: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 303 Turkey: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 304 Turkey: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 305 Turkey: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 306 Turkey: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 307 Turkey: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 308 Turkey: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.4 North America
Figure 43 North America: Lubricants Market Snapshot
10.4.1 Recession Impact
10.4.2 North America Lubricants Market, by Base Oil
Table 309 North America: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 310 North America: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 311 North America: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 312 North America: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
10.4.3 North America Lubricants Market, by Product Type
Table 313 North America: Lubricants Market, by Product Type, 2018-2022 (USD Million)
Table 314 North America: Lubricants Market, by Product Type, 2023-2029 (USD Million)
Table 315 North America: Lubricants Market, by Product Type, 2018-2022 (Kiloton)
Table 316 North America: Lubricants Market, by Product Type, 2023-2029 (Kiloton)
10.4.4 North America Lubricants Market, by End-use Industry
Table 317 North America: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 318 North America: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 319 North America: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 320 North America: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
Table 321 North America: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2018-2022 (USD Million)
Table 322 North America: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2023-2029 (USD Million)
Table 323 North America: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2018-2022 (Kiloton)
Table 324 North America: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2023-2029 (Kiloton)
10.4.5 North America Lubricants Market, by Country
Table 325 North America: Lubricants Market, by Country, 2018-2022 (USD Million)
Table 326 North America: Lubricants Market, by Country, 2023-2029 (USD Million)
Table 327 North America: Lubricants Market, by Country, 2018-2022 (Kiloton)
Table 328 North America: Lubricants Market, by Country, 2023-2029 (Kiloton)
10.4.5.1 US
10.4.5.1.1 Strong Industrial Infrastructure and Increasing Environmental Awareness to Drive Market
Table 329 US: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 330 US: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 331 US: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 332 US: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 333 US: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 334 US: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 335 US: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 336 US: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.4.5.2 Canada
10.4.5.2.1 Growing Automotive Industry to Drive Market
Table 337 Canada: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 338 Canada: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 339 Canada: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 340 Canada: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 341 Canada: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 342 Canada: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 343 Canada: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 344 Canada: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.4.5.3 Mexico
10.4.5.3.1 Growing Power Generation and Manufacturing Sectors to Drive Market
Table 345 Mexico: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 346 Mexico: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 347 Mexico: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 348 Mexico: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 349 Mexico: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 350 Mexico: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 351 Mexico: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 352 Mexico: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.5 Middle East & Africa
10.5.1 Recession Impact
10.5.2 Middle East & Africa Lubricants Market, by Base Oil
Table 353 Middle East & Africa: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 354 Middle East & Africa: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 355 Middle East & Africa: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 356 Middle East & Africa: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
10.5.3 Middle East & Africa Lubricants Market, by Product Type
Table 357 Middle East & Africa: Lubricants Market, by Product Type, 2018-2022 (USD Million)
Table 358 Middle East & Africa: Lubricants Market, by Product Type, 2023-2029 (USD Million)
Table 359 Middle East & Africa: Lubricants Market, by Product Type, 2018-2022 (Kiloton)
Table 360 Middle East & Africa: Lubricants Market, by Product Type, 2023-2029 (Kiloton)
10.5.4 Middle East & Africa Lubricants Market, by End-use Industry
Table 361 Middle East & Africa: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 362 Middle East & Africa: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 363 Middle East & Africa: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 364 Middle East & Africa: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
Table 365 Middle East & Africa: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2018-2022 (USD Million)
Table 366 Middle East & Africa: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2023-2029 (USD Million)
Table 367 Middle East & Africa: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2018-2022 (Kiloton)
Table 368 Middle East & Africa: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2023-2029 (Kiloton)
10.5.5 Middle East & Africa Lubricants Market, by Country
Table 369 Middle East & Africa: Lubricants Market, by Country, 2018-2022 (USD Million)
Table 370 Middle East & Africa: Lubricants Market, by Country, 2023-2029 (USD Million)
Table 371 Middle East & Africa: Lubricants Market, by Country, 2018-2022 (Kiloton)
Table 372 Middle East & Africa: Lubricants Market, by Country, 2023-2029 (Kiloton)
10.5.5.1 GCC
10.5.5.1.1 Saudi Arabia
10.5.5.1.1.1 Growing Oil & Gas Sector to Drive Market
Table 373 Saudi Arabia: Synthetic Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 374 Saudi Arabia: Synthetic Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 375 Saudi Arabia: Synthetic Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 376 Saudi Arabia: Synthetic Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 377 Saudi Arabia: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 378 Saudi Arabia: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 379 Saudi Arabia: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 380 Saudi Arabia: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.5.5.2 Iran
10.5.5.2.1 Rapid Increase in Industrial Sectors to Drive Market
Table 381 Iran: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 382 Iran: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 383 Iran: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 384 Iran: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 385 Iran: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 386 Iran: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 387 Iran: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 388 Iran: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.5.5.3 South Africa
10.5.5.3.1 Rapid Growth in Automotive, Industrial, and Consumer Goods to Drive Market
Table 389 South Africa: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 390 South Africa: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 391 South Africa: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 392 South Africa: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 393 South Africa: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 394 South Africa: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 395 South Africa: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 396 South Africa: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.6 South America
10.6.1 Recession Impact
10.6.2 South America Lubricants Market, by Base Oil
Table 397 South America: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 398 South America: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 399 South America: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 400 South America: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
10.6.3 South America Lubricants Market, by Product Type
Table 401 South America: Lubricants Market, by Product Type, 2018-2022 (USD Million)
Table 402 South America: Lubricants Market, by Product Type, 2023-2029 (USD Million)
Table 403 South America: Lubricants Market, by Product Type, 2018-2022 (Kiloton)
Table 404 South America: Lubricants Market, by Product Type, 2023-2029 (Kiloton)
10.6.4 South America Lubricants Market, by End-use Industry
Table 405 South America: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 406 South America: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 407 South America: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 408 South America: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
Table 409 South America: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2018-2022 (USD Million)
Table 410 South America: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2023-2029 (USD Million)
Table 411 South America: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2018-2022 (Kiloton)
Table 412 South America: Lubricants Market in Passenger Vehicle, by Vehicle Type, 2023-2029 (Kiloton)
10.6.5 South America Lubricants Market, by Country
Table 413 South America: Lubricants Market, by Country, 2018-2022 (USD Million)
Table 414 South America: Lubricants Market, by Country, 2023-2029 (USD Million)
Table 415 South America: Lubricants Market, by Country, 2018-2022 (Kiloton)
Table 416 South America: Lubricants Market, by Country, 2023-2029 (Kiloton)
10.6.5.1 Brazil
10.6.5.1.1 Significant Investments in Manufacturing Industry to Drive Market
Table 417 Brazil: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 418 Brazil: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 419 Brazil: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 420 Brazil: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 421 Brazil: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 422 Brazil: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 423 Brazil: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 424 Brazil: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
10.6.5.2 Argentina
10.6.5.2.1 Developing Mining Industry to Drive Market
Table 425 Argentina: Lubricants Market, by Base Oil, 2018-2022 (USD Million)
Table 426 Argentina: Lubricants Market, by Base Oil, 2023-2029 (USD Million)
Table 427 Argentina: Lubricants Market, by Base Oil, 2018-2022 (Kiloton)
Table 428 Argentina: Lubricants Market, by Base Oil, 2023-2029 (Kiloton)
Table 429 Argentina: Lubricants Market, by End-use Industry, 2018-2022 (USD Million)
Table 430 Argentina: Lubricants Market, by End-use Industry, 2023-2029 (USD Million)
Table 431 Argentina: Lubricants Market, by End-use Industry, 2018-2022 (Kiloton)
Table 432 Argentina: Lubricants Market, by End-use Industry, 2023-2029 (Kiloton)
11 Competitive Landscape
11.1 Introduction
11.2 Key Players' Strategies
Table 433 Overview of Strategies Adopted by Key Lubricant Manufacturers
11.3 Market Share Analysis
Table 434 Lubricants Market: Degree of Competition
Figure 44 Shell PLC Led Lubricants Market in 2023
11.3.1 Ranking of Key Market Players
Figure 45 Ranking of Major Players in Lubricants Market, 2023
11.4 Revenue Analysis of Major Players
Figure 46 Revenue Analysis of Key Companies (2019-2023)
11.5 Company Evaluation Matrix: Lubricants Market, 2023
11.5.1 Stars
11.5.2 Emerging Leaders
11.5.3 Pervasive Players
11.5.4 Participants
Figure 47 Company Evaluation Matrix: Key Players, 2023
11.5.5 Company Footprint: Key Players, 2023
11.5.5.1 Company Footprint
Figure 48 Lubricants Market: Company Footprint
11.5.5.2 Region Footprint
Table 435 Lubricants Market: Region Footprint
11.5.5.3 Base Oil Footprint
Table 436 Lubricants Market: Base Oil Footprint
11.5.5.4 Product Type Footprint
Table 437 Lubricants Market: Product Type Footprint
11.5.5.5 End-use Industry Footprint
Table 438 Lubricants Market: End-use Industry Footprint
11.6 Start-Ups/SMEs Evaluation Matrix: Lubricants Market, 2023
11.6.1 Progressive Companies
11.6.2 Responsive Companies
11.6.3 Dynamic Companies
11.6.4 Starting Blocks
Figure 49 Company Evaluation Matrix: Start-Ups/SMEs, 2023
11.6.5 Competitive Benchmarking
11.6.5.1 Detailed List of Key Start-Ups/SMEs
11.6.5.2 Competitive Benchmarking of Key Start-Ups/SMEs
11.7 Company Evaluation and Financial Metrics
Figure 50 Company Valuation and Financial Metrics of Key Players
Figure 51 EV/EBITDA of Key Players
11.8 Brand/Product Comparison
11.9 Competitive Situation & Trends
11.9.1 Product Launches
Table 439 Lubricants Market: Product Launches (January 2019-February 2024)
11.9.2 Deals
Table 440 Lubricants Market: Deals (January 2019-February 2024)
11.9.3 Expansions
Table 441 Lubricants Market: Expansions (January 2019-February 2024)
11.9.4 Other Developments
Table 442 Lubricants Market: Other Developments (January 2019-February 2024)
12 Company Profiles
(Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View)*
12.1 Major Players
12.1.1 ExxonMobil Corporation
Table 443 ExxonMobil Corporation: Company Overview
Figure 52 ExxonMobil Corporation: Company Snapshot
Table 444 ExxonMobil Corporation: Products/Solutions/Services Offered
Table 445 ExxonMobil Corporation: Product Launches (January 2019-February 2024)
Table 446 ExxonMobil Corporation: Expansions (January 2019-February 2024)
12.1.2 Totalenergies SE
Table 447 Totalenergies SE: Company Overview
Figure 53 Totalenergies SE: Company Snapshot
Table 448 Totalenergies SE: Products/Solutions/Services Offered
Table 449 Totalenergies SE: Product Launches (January 2019-February 2024)
Table 450 Totalenergies SE: Deals (January 2019-February 2024)
Table 451 Totalenergies SE: Expansions (January 2019-February 2024)
12.1.3 Shell PLC
Table 452 Shell PLC: Company Overview
Figure 54 Shell PLC: Company Snapshot
Table 453 Shell PLC: Products/Solutions/Services Offered
Table 454 Shell PLC: Product Launches (January 2019-February 2024)
Table 455 Shell PLC: Deals (January 2019-February 2024)
Table 456 Shell PLC: Expansions (January 2019-February 2024)
Table 457 Shell PLC: Other Developments (January 2019-February 2024)
12.1.4 Chevron Corporation
Table 458 Chevron Corporation: Company Overview
Figure 55 Chevron Corporation: Company Snapshot
Table 459 Chevron Corporation: Products/Solutions/Services Offered
Table 460 Chevron Corporation: Product Launches (January 2019-February 2024)
Table 461 Chevron Corporation: Deals (January 2019-February 2024)
Table 462 Chevron Corporation: Expansions (January 2019-February 2024)
12.1.5 Bp P.L.C.
Table 463 Bp P.L.C.: Company Overview
Figure 56 Bp P.L.C.: Company Snapshot
Table 464 Bp P.L.C.: Products/Solutions/Services Offered
Table 465 Bp P.L.C.: Expansions (January 2019-February 2024)
12.1.6 Petrochina Company Limited
Table 466 Petrochina Company Limited: Company Overview
Figure 57 Petrochina Company Limited: Company Snapshot
Table 467 Petrochina Company Limited: Products/Solutions/Services Offered
Table 468 Petrochina Company Limited: Deals (January 2019-February 2024)
12.1.7 China Petroleum & Chemical Corporation
Table 469 China Petroleum & Chemical Corporation: Company Overview
Figure 58 China Petroleum & Chemical Corporation: Company Snapshot
Table 470 China Petroleum & Chemical Corporation: Products/Solutions/ Services Offered
Table 471 China Petroleum & Chemical Corporation: Product Launches (January 2019-February 2024)
Table 472 China Petroleum & Chemical Corporation: Deals (January 2019- February 2024)
Table 473 China Petroleum & Chemical Corporation: Expansions (January 2019-February 2024)
12.1.8 Eneos Holdings, Inc.
Table 474 Eneos Holdings, Inc.: Company Overview
Figure 59 Eneos Holdings, Inc.: Company Snapshot
Table 475 Eneos Holdings, Inc.: Products/Solutions/Services Offered
Table 476 Eneos Holdings, Inc.: Product Launches (January 2019-February 2024)
Table 477 Eneos Holdings, Inc.: Deals (January 2019-February 2024)
Table 478 Eneos Holdings, Inc.: Expansions (January 2019-February 2024)
12.1.9 Idemitsu Kosan Co. Ltd.
Table 479 Idemitsu Kosan Co. Ltd.: Company Overview
Figure 60 Idemitsu Kosan Co. Ltd.: Company Snapshot
Table 480 Idemitsu Kosan Co. Ltd.: Products/Solutions/Services Offered
Table 481 Idemitsu Kosan Co. Ltd.: Product Launches (January 2019-February 2024)
Table 482 Idemitsu Kosan Co. Ltd.: Deals (January 2019-February 2024)
Table 483 Idemitsu Kosan Co. Ltd.: Expansions (January 2019-February 2024)
12.1.10 Petroliam Nasional Berhad (Petronas)
Table 484 Petroliam Nasional Berhad (Petronas): Company Overview
Figure 61 Petroliam Nasional Berhad (Petronas): Company Snapshot
Table 485 Petroliam Nasional Berhad (Petronas): Products/Solutions/Services Offered
Table 486 Petroliam Nasional Berhad (Petronas): Deals (January 2019-February 2024)
Table 487 Petroliam Nasional Berhad (Petronas): Expansions (January 2019- February 2024)
12.2 Start-Up/SMEs Players
12.2.1 Fuchs SE
Table 488 Fuchs SE: Company Overview
12.2.2 Enoc Company
Table 489 Enoc Company: Company Overview
12.2.3 Petroleo Brasileiro SA (Petrobras)
Table 490 Petroleo Brasileiro SA (Petrobras): Company Overview
12.2.4 Pjsc Lukoil
Table 491 Pjsc Lukoil: Company Overview
12.2.5 Pt Pertamina (Persero)
Table 492 Pt Pertamina (Persero): Company Overview
12.2.6 Eni S.P.A.
Table 493 Eni S.P.A.: Company Overview
12.2.7 Pjsc Rosneft Oil Company
Table 494 Pjsc Rosneft Oil Company: Company Overview
12.2.8 Gazpromneft-Sm LLC
Table 495 Gazpromneft-Sm LLC: Company Overview
12.2.9 Gulf Oil International Ltd.
Table 496 Gulf Oil International Ltd.: Company Overview
12.2.10 Phillips
Table 497 Phillips 66: Company Overview
12.2.11 Indian Oil Corporation Limited
Table 498 Indian Oil Corporation Limited: Company Overview
12.2.12 Cosmo Oil Lubricants Co. Ltd.
Table 499 Cosmo Oil Lubricants Co. Ltd.: Company Overview
12.2.13 Kluber Lubrication
Table 500 Kluber Lubrication: Company Overview
12.2.14 Hindustan Petroleum Corporation Limited (Hpcl)
Table 501 Hindustan Petroleum Corporation Limited (Hpcl): Company Overview
12.2.15 Motul SA
Table 502 Motul SA: Company Overview
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
13 Adjacent & Related Markets
13.1 Introduction
13.2 Limitation
13.3 Synthetic Lubricants Market
13.3.1 Market Definition
13.3.2 Market Overview
13.4 Synthetic Lubricants Market, by Region
Table 503 Synthetic Lubricants Market, by Region, 2017-2021 (USD Million)
Table 504 Synthetic Lubricants Market, by Region, 2022-2028 (USD Million)
Table 505 Synthetic Lubricants Market, by Region, 2017-2021 (Kiloton)
Table 506 Synthetic Lubricants Market, by Region, 2022-2028 (Kiloton)
13.4.1 Europe
Table 507 Europe: Synthetic Lubricants Market, by Type, 2017-2021 (USD Million)
Table 508 Europe: Synthetic Lubricants Market, by Type, 2022-2028 (USD Million)
Table 509 Europe: Synthetic Lubricants Market, by Type, 2017-2021 (Kiloton)
Table 510 Europe: Synthetic Lubricants Market, by Type, 2022-2028 (Kiloton)
13.4.2 North America
Table 511 North America: Synthetic Lubricants Market, by Type, 2017-2021 (USD Million)
Table 512 North America: Synthetic Lubricants Market, by Type, 2022-2028 (USD Million)
Table 513 North America: Synthetic Lubricants Market, by Type, 2017-2021 (Kiloton)
Table 514 North America: Synthetic Lubricants Market, by Type, 2022-2028 (Kiloton)
13.4.3 Asia-Pacific
Table 515 Asia-Pacific: Synthetic Lubricants Market, by Type, 2017-2021 (USD Million)
Table 516 Asia-Pacific: Synthetic Lubricants Market, by Type, 2022-2028 (USD Million)
Table 517 Asia-Pacific: Synthetic Lubricants Market, by Type, 2017-2021 (Kiloton)
Table 518 Asia-Pacific: Synthetic Lubricants Market, by Type, 2022-2028 (Kiloton)
13.4.4 Middle East & Africa
Table 519 Middle East & Africa: Synthetic Lubricants Market, by Type, 2017-2021 (USD Million)
Table 520 Middle East & Africa: Synthetic Lubricants Market, by Type, 2022-2028 (USD Million)
Table 521 Middle East & Africa: Synthetic Lubricants Market, by Type, 2017-2021 (Kiloton)
Table 522 Middle East & Africa: Synthetic Lubricants Market, by Type, 2022-2028 (Kiloton)
13.4.5 South America
Table 523 South America: Synthetic Lubricants Market, by Type, 2017-2021 (USD Million)
Table 524 South America: Synthetic Lubricants Market, by Type, 2022-2028 (USD Million)
Table 525 South America: Synthetic Lubricants Market, by Type, 2017-2021 (Kiloton)
Table 526 South America: Synthetic Lubricants Market, by Type, 2022-2028 (Kiloton)
14 Appendix
14.1 Discussion Guide
14.2 Knowledgestore: The Subscription Portal
14.3 Customization Options

Companies Mentioned

  • ExxonMobil Corporation
  • Totalenergies SE
  • Shell PLC
  • Chevron Corporation
  • Bp P.L.C.
  • Petrochina Company Limited
  • China Petroleum & Chemical Corporation
  • Eneos Holdings, Inc.
  • Idemitsu Kosan Co. Ltd.
  • Petroliam Nasional Berhad
  • Fuchs SE
  • Enoc Company
  • Petroleo Brasileiro SA
  • Pjsc Lukoil
  • Pt Pertamina
  • Eni S.P.A.
  • Pjsc Rosneft Oil Company
  • Gazpromneft-Sm LLC
  • Gulf Oil International Ltd.
  • Phillips
  • Indian Oil Corporation Limited
  • Cosmo Oil Lubricants Co. Ltd.
  • Kluber Lubrication
  • Hindustan Petroleum Corporation Limited
  • Motul SA

Table Information