Construction Lubricants Market Report 2026

The construction lubricants market size has grown strongly in recent years. It will grow from $14.82 billion in 2025 to $15.67 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to infrastructure development growth, expansion of mining and quarrying activities, rising mechanization in construction equipment, increasing demand for equipment durability, wide availability of mineral oil based lubricants.

The construction lubricants market size is expected to see strong growth in the next few years. It will grow to $19.67 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to stricter environmental regulations on lubricants, rising adoption of electric construction equipment, growth of smart and connected machinery, expansion of urban infrastructure projects, demand for longer drain interval lubricants. Major trends in the forecast period include adoption of biodegradable construction lubricants, increasing use of synthetic lubricants in heavy machinery, rising demand for high load bearing lubricants, growth of condition based lubrication practices, preference for multi functional lubricants.

The growing population is expected to drive the growth of the construction lubricant market in the coming years. Population refers to the total number of individuals living within a specific area or region at a given point in time. An increase in population typically results in higher demand for infrastructure development, as more people require housing, commercial buildings, transportation networks, and other facilities. This rise in construction activity increases the need for construction lubricants to ensure the efficient operation and maintenance of machinery and equipment. For example, in September 2025, the Congressional Budget Office (CBO), a U.S.-based government agency, projected that the U.S. population will grow from 350 million in 2025 to 367 million by 2055. Consequently, the expanding population is fueling the growth of the construction lubricant market.

Major companies operating in the construction lubricants market are innovating new technologies, such as a new line of lubricant solutions for electric vehicles, to increase their profitability in the market. A new line of lubricant solutions for electric vehicles refers to a specialized range of lubricants designed specifically to meet the unique needs of electric-powered vehicles (EVs). For electric vehicles (EVs), specialized lubricants are essential to ensure optimal performance and longevity of the various components. For instance, in August 2023, Petro-Canada, a US-based integrated energy company, launched the Lubricant Line for Electric Vehicles. These lubricants are formulated to enhance the performance and efficiency of various parts in an electric vehicle, such as bearings, gears, and other moving components. They help reduce friction, dissipate heat, and ensure the smooth operation of these parts, ultimately contributing to the overall efficiency and lifespan of the EV.

In July 2025, Shell plc, a UK-based supplier of finished and specialty lubricants, acquired Raj Petro Specialities Private Limited for an undisclosed amount. Through this acquisition, Shell aims to broaden its construction and industrial lubricants portfolio by integrating Raj Petro’s range of oils, greases, and specialty lubricants used in heavy machinery and construction equipment. Raj Petro Specialities Private Limited is an India-based company that provides industrial and specialty lubricants serving the construction, mining, and engineering sectors.

Major companies operating in the construction lubricants market are ExxonMobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, China Petrochemical Corporation (Sinopec), Chevron Corporation, PetroChina Company Limited, FUCHS Petrolub SE, PJSC LUKOIL, Phillips 66 Company, Morris Lubricants, Penrite Oil, Valvoline Inc., Liqui Moly GmbH, Eni S. p. A., Addinol Lube Oil GmbH, Indian Oil Corporation Limited, Bel Ray Company LLC., Gulf Oil India, Petroliam Nasional Berhad (Petronas), BP p. l. c., Gazprom Neft, Idemitsu Kosan Co. Ltd., JXTG Nippon Oil & Energy Corporation, Quaker Chemical Corporation, The Lubrizol Corporation, Warren Oil Company Inc., Klüber Lubrication, Schaeffer Manufacturing Co.

Europe was the largest region in the construction lubrication market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction lubricants market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the construction lubricants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The construction lubricants market consists of sales of penetration lubricants, and dry lubricants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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