Multi Purpose Lubricants Market Report 2026

The multi purpose lubricants market size has grown strongly in recent years. It will grow from $20.8 billion in 2025 to $22.4 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to equipment maintenance needs, automotive aftermarket growth, industrial machinery usage, household DIY culture, lubricant product innovation.

The multi purpose lubricants market size is expected to see strong growth in the next few years. It will grow to $29.78 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to industrial automation expansion, EV component lubrication needs, infrastructure development, preventive maintenance focus, sustainable lubricant formulations. Major trends in the forecast period include growing demand for versatile lubrication solutions, rising adoption in automotive maintenance, expansion of industrial equipment lubrication, increased use in household maintenance products, focus on corrosion protection and longevity.

The expansion of the automotive industry is expected to drive the growth of the multi-purpose lubricants market in the coming years. The automotive industry includes activities related to the design, development, manufacturing, marketing, and sale of motor vehicles. Growth in this sector is supported by rising consumer demand, continuous technological advancements, and increasing global transportation requirements. Multi-purpose lubricants are widely used in automotive applications to reduce friction, minimize wear, and protect components such as engines, gears, and hinges from corrosion and damage. For example, in April 2024, according to the Serbian Association of Vehicle and Parts Importers, a Serbia-based professional automotive organization, global vehicle production reached 93,546,599 units in 2023, including 67,133,570 passenger vehicles, up from 84,830,376 vehicles produced in 2022. As a result, the growing automotive industry is contributing to the expansion of the multi-purpose lubricants market.

Companies operating in the multi-purpose lubricants market are increasingly focusing on incorporating silicone-based lubricant sprays to improve equipment performance and simplify maintenance processes. Silicone-based lubricants create a thin, long-lasting film on surfaces that reduces friction and supports smooth operation across a wide range of industrial components. For instance, in August 2025, Rocol, a UK-based industrial lubricants manufacturer, introduced Ultimate Silicone Spray, a silicone-based multi-purpose lubricant developed for mold release and general industrial lubrication. The product features a high silicone content to ensure reliable release properties, a 360-degree actuator for controlled application in hard-to-reach areas, and NSF H1 certification, allowing use in environments where incidental food contact may occur. This solution enhances maintenance efficiency by promoting smooth component movement and reducing surface sticking in production settings.

In February 2024, Sanoat Energetika Guruhi (Saneg), an oil and gas company based in Uzbekistan, acquired CGC Lubricants Italy for an undisclosed sum. This acquisition marks a significant step in Saneg’s expansion into the European market and enhances its position as a technological leader in the lubricants industry. CGC Lubricants Italy is an Italian producer of high-quality automotive and industrial oils and lubricants.

Major companies operating in the multi purpose lubricants market are Exxon Mobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, BP p.l.c., Chevron Corporation, Eni S.p.A., Indian Oil Corporation Limited, Idemitsu Kosan Co. Ltd., Lukoil Oil Company, Suncor Energy Inc., Phillips 66 Company, Lubrizol Corporation, Clariant International Ltd., MOL Hungarian Oil and Gas Public Limited Company, Fuchs Petrolub SE, Kraton Corporation, Houghton International Inc., Nynas AB, Valvoline Inc., Castrol Limited, Raven Industries Inc., Hunt Refining Company.

Asia-Pacific was the largest region in the multi purpose lubricants market in 2025and it is expected to be the fastest-growing region in the forecast period. The regions covered in the multi purpose 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 multi purpose lubricants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The multi-purpose lubricants market consists of sales of penetrating oils, spray lubricants, silicone-based lubricants, graphite-based lubricants, and gear oils. 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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