Europe and U.S. Lubricants Market - Industry Trends and Forecast to 2030
The Europe lubricants market is expected to reach USD 27,382.11 million by 2030 from USD 22,111.01 Million in 2022, growing at a CAGR of 2.7% during the forecast period of 2023 to 2030.
Market Segmentation
Europe Lubricants Market, By Product (Engine Oils, Hydraulic Oils, Circulation Fluids, Gear Oil, Grease, Metalworking Fluids, Wind Turbine Oils, Compressor Oils, Gas Turbine Oils, Heat Transfer Oils, Rust Preventive Oils, and Others), Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil, and Bio-Based Oil), Sales Channel (B2B and B2C), End Use (Automotive, General Manufacturing, Electrical/Utility, Building & Construction, Marine, Agriculture, Mining, Aviation/Aerospace, and Food & Beverages), Country (Germany, U.K., France, Poland, and rest of Europe) - Industry Trends and Forecast to 2030
Overview of Europe Lubricants Market Dynamics
Drivers
• The surge in vehicle manufacturing and sales
• The expanding aerospace and defense sectors demand high-performance lubricant
Restraints
• Fluctuations in crude oil prices affect the cost of lubricant production
• Highly competitive lubricant industry manufacturers require constant innovation and differentiation
Opportunities
• Escalating demand for sustainable and bio-based lubricants
• Continued industrial expansion offers a substantial market growth opportunity
Market Players
Some of the major market players operating in the Europe lubricants market are:
• Exxon Mobil Corporation
• Shell
• TotalEnergies
• Chevron Corporation
• BP p.l.c.
• FUCHS
• Repsol
• Eni S.p.A.
• Quaker Chemical Corporation d/b/a Quaker Houghton
• Valvoline Inc.
• BASF SE
• LANXESS
The U.S. lubricants market is expected to reach USD 27,281.38 million by 2030 from USD 21,682.18 Million in 2022, growing at a CAGR of 2.9% during the forecast period of 2023 to 2030.
Market Segmentation
U.S. Lubricants Market, By Product (Engine Oils, Hydraulic Oils, Circulation Fluids, Gear Oil, Grease, Metalworking Fluids, Wind Turbine Oils, Compressor Oils, Gas Turbine Oils, Heat Transfer Oils, Rust Preventive Oils, and Others), Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil, and Bio-Based Oil), Sales Channel (B2B and B2C), End Use (Automotive, General Manufacturing, Electrical/Utility, Building & Construction, Marine, Agriculture, Mining, Aviation/Aerospace, and Food & Beverages), Country (U.S.) - Industry Trends and Forecast to 2030
Overview of U.S. Lubricants Market Dynamics
Drivers
• Growing industrialization fuels lubricant usage in machinery and equipment
• The expansion of transportation networks contributes to higher lubricant consumption
Restraints
• Increasing environmental consciousness
• Resistance to switching from conventional lubricants to more expensive alternatives
Opportunities
• Escalating demand for sustainable and bio-based lubricants
• The continuous evolution of lubricant technology
Market Players
Some of the major market players operating in the U.S. lubricants market are listed below:
• Exxon Mobil Corporation
• Shell
• TotalEnergies
• Chevron Corporation
• BP p.l.c.
• FUCHS
• Repsol
• Eni S.p.A.
• Quaker Chemical Corporation d/b/a Quaker Houghton
• Valvoline Inc.
• BASF SE
• LANXESS
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Please note: This publisher does offer titles that are created upon receipt of order. The report will take approximately 15-20 business days to prepare and deliver.
- 1 Introduction
- 1.1 Objectives Of The Study
- 1.2 Market Definition
- 1.3 Overview Of The Europe And U.S. Lubricants Market
- 1.4 Limitations
- 1.5 Markets Covered
- 2 Market Segmentation
- 2.1 Markets Covered
- 2.2 Geographical Scope
- 2.3 Years Considered For The Study
- 2.4 Currency And Pricing
- 2.5 Dbmr Tripod Data Validation Model
- 2.6 Multivariate Modelling
- 2.7 Primary Interviews With Key Opinion Leaders
- 2.8 Dbmr Market Position Grid
- 2.9 Market End Use Coverage Grid
- 2.10 Secondary Sources
- 2.11 Assumptions
- 3 Executive Summary
- 4 Premium Insights
- 5 Market Overview
- 5.1 Drivers
- 5.1.1 The Surge In Vehicle Manufacturing And Sales
- 5.1.2 Growing Industrialization Fuels Lubricant Usage In Machinery And Equipment
- 5.1.3 The Expansion Of Transportation Networks Contributes To Higher Lubricant Consumption
- 5.1.4 The Expanding Aerospace And Defense Sectors Demand High-performance Lubricant
- 5.2 Restraints
- 5.2.1 Fluctuations In Crude Oil Prices Affect The Cost Of Lubricant Production
- 5.2.2 Increasing Environmental Consciousness
- 5.3 Opportunities
- 5.3.1 Escalating Demand For Sustainable And Bio-based Lubricants
- 5.3.2 Continued Industrial Expansion Offers A Substantial Market Growth Opportunity
- 5.3.3 The Continuous Evolution Of Lubricant Technology
- 5.4 Challenges
- 5.4.1 Highly Competitive Lubricant Industry Manufacturers Requires Constant Innovation And Differentiation
- 5.4.2 Resistance To Switching From Conventional Lubricants To More Expensive Alternatives
- 6 Europe Lubricants Market: By Snapshot (2022)
- 7 Company Landscape
- 7.1 Company Share Analysis: Europe
- 7.2 Company Share Analysis: U.S.
- 7.3 Event
- 7.4 Investment
- 7.5 Brand Refresh
- 7.6 New Plant
- 7.7 Partnership
- 7.8 Collaboration
- 7.9 Expansion
- 7.10 Acquisition
- 7.11 Certification
- 7.12 Product Launch
- 8 Swot Analysis
- 9 Company Profiles
- 9.1 Shell
- 9.1.1 Company Snapshot
- 9.1.2 Revenue Analysis
- 9.1.3 Product Portfolio
- 9.1.4 Recent Developments
- 9.2 Chevron Corporation
- 9.2.1 Company Snapshot
- 9.2.2 Revenue Analysis
- 9.2.3 Product Portfolio
- 9.2.4 Recent Development
- 9.3 Repsol
- 9.3.1 Company Snapshot
- 9.3.2 Revenue Analysis
- 9.3.3 Product Portfolio
- 9.3.4 Recent Development 81
- 9.4 Eni S.P.A.
- 9.4.1 Company Snapshot
- 9.4.2 Revenue Analysis
- 9.4.3 Product Portfolio
- 9.4.4 Recent Development
- 9.5 Fuchs
- 9.5.1 Company Snapshot
- 9.5.2 Revenue Analysis
- 9.5.3 Product Portfolio
- 9.5.4 Recent Developments
- 9.6 Bp P.L.C.
- 9.6.1 Company Snapshot
- 9.6.2 Revenue Analysis
- 9.6.3 Product Portfolio
- 9.6.4 Recent Developments
- 9.7 Valvoline Inc.
- 9.7.1 Company Snapshot
- 9.7.2 Revenue Analysis
- 9.7.3 Product Portfolio
- 9.7.4 Recent Developments
- 10 Questionnaire
- 11 Related Reports
- List Of Tables
- List Of Figures
- Figure 1 Europe And U.S. Lubricants Market: Segmentation
- Figure 2 Europe And U.S. Lubricants Market: Data Triangulation
- Figure 3 Europe And U.S. Lubricants Market: Droc Analysis
- Figure 4 U.S. Lubricants Market: Country Vs Regional Market Analysis
- Figure 5 Europe Lubricants Market: Regional Vs Country Market Analysis
- Figure 6 U.S. And Europe Lubricants Market: Regional Vs Country Market Analysis
- Figure 7 Europe And U.S. Lubricants Market: Interview Demographics
- Figure 8 Europe Lubricants Market: Dbmr Market Position Grid
- Figure 9 U.S. Lubricants Market: Dbmr Market Position Grid
- Figure 10 Europe Lubricants Market: Market End Use Coverage Grid
- Figure 11 U.S Lubricants Market: Market End Use Coverage Grid
- Figure 12 Europe And U.S. Lubricants Market: Segmentation
- Figure 13 Growing Industrialization Fuels Lubricants Usage In Machinery And Equipment Is Expected To Drive The Growth Of The Europe Lubricants Market In The Forecast Period From 2023 To 2030
- Figure 14 The Surge In Vehicle Manufacturing And Sales Is Expected To Drive The Growth Of The U.S. Lubricants Market In The Forecast Period From 2023 To 2030
- Figure 15 The Engine Oils Segment Is Expected To Account For The Largest Share Of The Europe Lubricants Market In 2023 And 2030
- Figure 16 The Engine Oils Segment Is Expected To Account For The Largest Share Of The U.S. Lubricants Market In 2023 And 2030
- Figure 17 Drivers, Restraints, Opportunities, And Challenges Of The Europe And U.S. Lubricants Market
- Figure 18 Europe Lubricants Market: Company Share 2022 (%)
- Figure 19 U.S. Lubricants Market: Company Share 2022 (%)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook