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Lubricants Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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from $4,850 325 Pages Fortune Business Insights Pvt. Ltd. April, 2024 FOB18772838
Best Price Guarantee
Price from $4,850
Length 325 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date April, 2024
SKU FOB18772838

Lubricants Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Lubricants Market


The lubricants market size was valued at USD 119.07 billion in 2023, and the market is now projected to grow from USD 120.97 billion in 2024 to USD 140.54 billion by 2032, exhibiting a CAGR of 2.3% during the forecast period of 2024-2032.

The COVID-19 pandemic posed dual challenges and opportunities for the lubricants market growth. Reduced travel and fabricating slowdowns were driven by declining requests from the car division, affecting the deals of engine and mechanical oils. Changes in industrial action advance impacted lubricant demand, with segments experiencing varying degrees of slowdown. In any case, during this downturn, divisions like healthcare saw an expanded request for lubricants, displaying openings for market growth in particular sections.

The rising demand for superior lubrication solutions from the industrial segment is balanced to essentially drive the lubricants market share. As businesses prioritize vitality proficiency and taken a toll lessening, high-grade lubricants play a pivotal part in minimizing grinding, upgrading machine productivity, and diminishing upkeep costs, eventually cultivating advertise development in quick industrialization and exacting natural controls. Moreover, the transportation & coordination logistics coordination sector's persistent development and extending supply chains will assist fuel the request for lubricants, maintaining market growth in the long run.

Besides, the lubricants market is seeing a notable drift towards the adoption of environmentally friendly definitions, driven by expanding natural awareness and exacting controls. This move towards eco-friendly oils is anticipated to reshape industry flow and drive economic growth within the coming years.

Comprehensive Analysis of Lubricants Market

The lubricants market segmentation uncovers an articulated dominance of the automotive segment, driven by the rising demand for different lubricants basic in automotive applications. This request is fueled by variables such as economic development in creating nations, driving to expanded vehicle possession rates, and ensuing requests for motor oils, adapt oils, transmission liquids, and coolants. Alternately, whereas the general sort section is anticipated to display consistent growth in created countries just like the U.S. and Japan, the mechanical oils segment holds a noteworthy share, driven by quick industrialization in developing economies and their utilization in different hardware to upgrade execution levels.

The Asia Pacific holds a significant role within the lubricants market, set for considerable development impelled by request from the industrial and automotive sectors. With a showcase valuation of USD 53.89 billion in 2023, driven by components such as populace development and expanded speculation in cars, China, Japan, and India lead the regional market development, solidifying its position as a quickly advancing market globally.

The top Key players within the lubricants market play a crucial part in guaranteeing industrial growth and setting market benchmarks. These industry pioneers, counting PetroChina Company Restricted (China), Chevron Enterprise (U.S.), ExxonMobil Enterprise (U.S.), Regal Dutch Shell Plc. (Netherlands), Add up to Bunch (France), BP plc (U.K.), Valvoline LLC (U.S.), ENEOS Organization (Japan), The FUCHS Bunch (Germany), Worldwide Oil Industry LLC (UAE), Shield Greases (India), and AMALIE Oil Co. (U.S.), set up a competitive scene by advertising diverse arrangements and keeping up solid market positions.

In August 2023, Valvoline revealed its most recent line of Valvoline 4-stroke Full Synthetic Premium Engine Oil, uncommonly made for marine and Powersports applications, pointed at persevering tall torque and temperatures typical of four-stroke ATV/UTV and marine engines.

Segmentation Table

Global Lubricants Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 2.3% from 2024 to 2032

Unit Volume (Kilo Tons) and Value (USD Billion)

SegmentationBy Type, By Grade,By Application andBy Geography

By Type Automotive Oils

Industrial Oils

-Hydraulic Oils

-Industrial Gear Oils

-Metal Working Fluids

-Greases

-Others

Marine Oils

Process Oils

By Grade

Mineral

Synthetic

Semi-synthetic

By Application

By Geography Automotive

Industrial

Others

North America (By Type, By Grade, By Application, By Country)

-U.S. (By Grade, By Application)

-Canada (By Grade, By Application)

Europe (By Type, By Grade, By Application, By Country)

-Germany (By Grade, By Application)

-U.K. (By Grade, By Application)

-France (By Grade, By Application)

-Italy (By Grade, By Application)

-Spain (By Grade, By Application)

-Russia (By Grade, By Application)

-Rest of Europe (By Grade, By Application)

Asia Pacific (By Type, By Grade, By Application, By Country)

-China (By Grade, By Application)

-India (By Grade, By Application)

-Japan (By Grade, By Application)

-South Korea (By Grade, By Application)

-Indonesia (By Grade, By Application)

-Thailand (By Grade, By Application)

-Rest of Asia Pacific (By Grade, By Application)

Latin America (By Type, By Grade, By Application, By Country)

-Brazil (By Grade, By Application)

-Mexico (By Grade, By Application)

-Rest of Latin America (By Grade, By Application)

Middle East (By Type, By Grade, By Application, By Country)

-Saudi Arabia (By Grade, By Application)

-UAE (By Grade, By Application)

-Kuwait (By Grade, By Application)

-Oman (By Grade, By Application)

-Qatar & Bahrain (By Grade, By Application)

-Rest of Middle East (By Grade, By Application)

Africa (By Type, By Grade, By Application, By Country)

-South Africa (By Grade, By Application)

-Nigeria (By Grade, By Application)

-Rest of Africa (By Grade, By Application)


1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Trends
4.2. Key Industry Developments
4.3. Latest Technological Advancements
4.4. Insights on Regulatory Scenario
4.5. PORTER’s Five Forces Analysis
4.6. Impact of COVID-19 on the Market
5. Global Lubricants Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast, By Type (Volume & Value)
5.2.1. Automotive Oils
5.2.2. Industrial Oils
5.2.2.1. Hydraulic oils
5.2.2.2. Industrial gear oils
5.2.2.3. Metalworking fluids
5.2.2.4. Greases
5.2.2.5. Others
5.2.3. Marine Oils
5.2.4. Process Oils
5.3. Market Size Estimates and Forecast, By Grade (Volume & Value)
5.3.1. Mineral
5.3.2. Synthetic
5.3.3. Semi-Synthetic
5.4. Market Size Estimates and Forecast, By Application (Volume & Value)
5.4.1. Automotive
5.4.2. Industrial
5.4.3. Others
5.5. Market Size Estimates and Forecast, By Region (Volume & Value)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East
5.5.6. Africa
6. North America Lubricants Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast, By Type (Volume & Value)
6.2.1. Automotive Oils
6.2.2. Industrial Oils
6.2.2.1. Hydraulic oils
6.2.2.2. Industrial gear oils
6.2.2.3. Metalworking fluids
6.2.2.4. Greases
6.2.2.5. Others
6.2.3. Marine Oils
6.2.4. Process Oils
6.3. Market Size Estimates and Forecast, By Grade (Volume & Value)
6.3.1. Mineral
6.3.2. Synthetic
6.3.3. Semi-Synthetic
6.4. Market Size Estimates and Forecast, By Application (Volume & Value)
6.4.1. Automotive
6.4.2. Industrial
6.4.3. Others
6.5. Market Size Estimates and Forecast, By Country (Volume & Value)
6.5.1. U.S.
6.5.1.1. By Grade (Volume & Value)
6.5.1.2. By Application (Volume & Value)
6.5.2. Canada
6.5.2.1. By Grade (Volume & Value)
6.5.2.2. By Application (Volume & Value)
7. Europe Lubricants Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast, By Type (Volume & Value)
7.2.1. Automotive Oils
7.2.2. Industrial Oils
7.2.2.1. Hydraulic oils
7.2.2.2. Industrial gear oils
7.2.2.3. Metalworking fluids
7.2.2.4. Greases
7.2.2.5. Others
7.2.3. Marine Oils
7.2.4. Process Oils
7.3. Market Size Estimates and Forecast, By Grade (Volume & Value)
7.3.1. Mineral
7.3.2. Synthetic
7.3.3. Semi-Synthetic
7.4. Market Size Estimates and Forecast, By Application (Volume & Value)
7.4.1. Automotive
7.4.2. Industrial
7.4.3. Others
7.5. Market Size Estimates and Forecast, By Country (Volume & Value)
7.5.1. Germany
7.5.1.1. By Grade (Volume & Value)
7.5.1.2. By Application (Volume & Value)
7.5.2. France
7.5.2.1. By Grade (Volume & Value)
7.5.2.2. By Application (Volume & Value)
7.5.3. U.K.
7.5.3.1. By Grade (Volume & Value)
7.5.3.2. By Application (Volume & Value)
7.5.4. Italy
7.5.4.1. By Grade (Volume & Value)
7.5.4.2. By Application (Volume & Value)
7.5.5. Spain
7.5.5.1. By Grade (Volume & Value)
7.5.5.2. By Application (Volume & Value)
7.5.6. Russia
7.5.6.1. By Grade (Volume & Value)
7.5.6.2. By Application (Volume & Value)
7.5.7. Rest of Europe
7.5.7.1. By Grade (Volume & Value)
7.5.7.2. By Application (Volume & Value)
8. Asia Pacific Lubricants Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast, By Type (Volume & Value)
8.2.1. Automotive Oils
8.2.2. Industrial Oils
8.2.2.1. Hydraulic oils
8.2.2.2. Industrial gear oils
8.2.2.3. Metalworking fluids
8.2.2.4. Greases
8.2.2.5. Others
8.2.3. Marine Oils
8.2.4. Process Oils
8.3. Market Size Estimates and Forecast, By Grade (Volume & Value)
8.3.1. Mineral
8.3.2. Synthetic
8.3.3. Semi-Synthetic
8.4. Market Size Estimates and Forecast, By Application (Volume & Value)
8.4.1. Automotive
8.4.2. Industrial
8.4.3. Others
8.5. Market Size Estimates and Forecast, By Country (Volume & Value)
8.5.1. China
8.5.1.1. By Grade (Volume & Value)
8.5.1.2. By Application (Volume & Value)
8.5.2. India
8.5.2.1. By Grade (Volume & Value)
8.5.2.2. By Application (Volume & Value)
8.5.3. Japan
8.5.3.1. By Grade (Volume & Value)
8.5.3.2. By Application (Volume & Value)
8.5.4. South Korea
8.5.4.1. By Grade (Volume & Value)
8.5.4.2. By Application (Volume & Value)
8.5.5. Indonesia
8.5.5.1. By Grade (Volume & Value)
8.5.5.2. By Application (Volume & Value)
8.5.6. Thailand
8.5.6.1. By Grade (Volume & Value)
8.5.6.2. By Application (Volume & Value)
8.5.7. Rest of Asia Pacific
8.5.7.1. By Grade (Volume & Value)
8.5.7.2. By Application (Volume & Value)
9. Latin America Lubricants Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast, By Type (Volume & Value)
9.2.1. Automotive Oils
9.2.2. Industrial Oils
9.2.2.1. Hydraulic oils
9.2.2.2. Industrial gear oils
9.2.2.3. Metalworking fluids
9.2.2.4. Greases
9.2.2.5. Others
9.2.3. Marine Oils
9.2.4. Process Oils
9.3. Market Size Estimates and Forecast, By Grade (Volume & Value)
9.3.1. Mineral
9.3.2. Synthetic
9.3.3. Semi-Synthetic
9.4. Market Size Estimates and Forecast, By Application (Volume & Value)
9.4.1. Automotive
9.4.2. Industrial
9.4.3. Others
9.5. Market Size Estimates and Forecast, By Country (Volume & Value)
9.5.1. Brazil
9.5.1.1. By Grade (Volume & Value)
9.5.1.2. By Application (Volume & Value)
9.5.2. Mexico
9.5.2.1. By Grade (Volume & Value)
9.5.2.2. By Application (Volume & Value)
9.5.3. Rest of Latin America
9.5.3.1. By Grade (Volume & Value)
9.5.3.2. By Application (Volume & Value)
10. Middle East Lubricants Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast, By Type (Volume & Value)
10.2.1. Automotive Oils
10.2.2. Industrial Oils
10.2.2.1. Hydraulic oils
10.2.2.2. Industrial gear oils
10.2.2.3. Metalworking fluids
10.2.2.4. Greases
10.2.2.5. Others
10.2.3. Marine Oils
10.2.4. Process Oils
10.3. Market Size Estimates and Forecast, By Grade (Volume & Value)
10.3.1. Mineral
10.3.2. Synthetic
10.3.3. Semi-Synthetic
10.4. Market Size Estimates and Forecast, By Application (Volume & Value)
10.4.1. Automotive
10.4.2. Industrial
10.4.3. Others
10.5. Market Size Estimates and Forecast, By Country (Volume & Value)
10.5.1. Saudi Arabia
10.5.1.1. By Grade (Volume & Value)
10.5.1.2. By Application (Volume & Value)
10.5.2. U.A.E.
10.5.2.1. By Grade (Volume & Value)
10.5.2.2. By Application (Volume & Value)
10.5.3. Kuwait
10.5.3.1. By Grade (Volume & Value)
10.5.3.2. By Application (Volume & Value)
10.5.4. Oman
10.5.4.1. By Grade (Volume & Value)
10.5.4.2. By Application (Volume & Value)
10.5.5. Qatar & Bahrain
10.5.5.1. By Grade (Volume & Value)
10.5.5.2. By Application (Volume & Value)
10.5.6. Rest of Middle East
10.5.6.1. By Grade (Volume & Value)
10.5.6.2. By Application (Volume & Value)
11. Africa Lubricants Market Analysis, Insights and Forecast, 2019-2032
11.1. Key Findings / Summary
11.2. Market Size Estimates and Forecast, By Type (Volume & Value)
11.2.1. Automotive Oils
11.2.2. Industrial Oils
11.2.2.1. Hydraulic oils
11.2.2.2. Industrial gear oils
11.2.2.3. Metalworking fluids
11.2.2.4. Greases
11.2.2.5. Others
11.2.3. Marine Oils
11.2.4. Process Oils
11.3. Market Size Estimates and Forecast, By Grade (Volume & Value)
11.3.1. Mineral
11.3.2. Synthetic
11.3.3. Semi-Synthetic
11.4. Market Size Estimates and Forecast, By Application (Volume & Value)
11.4.1. Automotive
11.4.2. Industrial
11.4.3. Others
11.5. Market Size Estimates and Forecast, By Country (Volume & Value)
11.5.1. South Africa
11.5.1.1. By Grade (Volume & Value)
11.5.1.2. By Application (Volume & Value)
11.5.2. Nigeria
11.5.2.1. By Grade (Volume & Value)
11.5.2.2. By Application (Volume & Value)
11.5.3. Rest of Africa
11.5.3.1. By Grade (Volume & Value)
11.5.3.2. By Application (Volume & Value)
12. Company Profiles
12.1. Petro China Company Limited
12.1.1. Overview
12.1.2. Product portfolio
12.1.3. Recent Key Developments
12.1.4. Financials (Based on data availability)
12.2. Chevron Corporation
12.2.1. Overview
12.2.2. Product portfolio
12.2.3. Recent Key Developments
12.2.4. Financials (Based on data availability)
12.3. ExxonMobil Corporation
12.3.1. Overview
12.3.2. Product portfolio
12.3.3. Recent Key Developments
12.3.4. Financials (Based on data availability)
12.4. Royal Dutch Shell Plc.
12.4.1. Overview
12.4.2. Product portfolio
12.4.3. Recent Key Developments
12.4.4. Financials (Based on data availability)
12.5. Total Group
12.5.1. Overview
12.5.2. Product portfolio
12.5.3. Recent Key Developments
12.5.4. Financials (Based on data availability)
12.6. BP plc
12.6.1. Overview
12.6.2. Product portfolio
12.6.3. Recent Key Developments
12.6.4. Financials (Based on data availability)
12.7. Valvoline LLC
12.7.1. Overview
12.7.2. Product portfolio
12.7.3. Recent Key Developments
12.7.4. Financials (Based on data availability)
12.8. ENEOS Corporation
12.8.1. Overview
12.8.2. Product portfolio
12.8.3. Recent Key Developments
12.8.4. Financials (Based on data availability)
12.9. The FUCHS Group
12.9.1. Overview
12.9.2. Product portfolio
12.9.3. Recent Key Developments
12.9.4. Financials (Based on data availability)
12.10. Global Lubricant Industry LLC
12.10.1. Overview
12.10.2. Product portfolio
12.10.3. Recent Key Developments
12.10.4. Financials (Based on data availability)
12.11. Shield Lubricants
12.11.1. Overview
12.11.2. Product portfolio
12.11.3. Recent Key Developments
12.11.4. Financials (Based on data availability)
12.12. AMALIE Oil Co.
12.12.1. Overview
12.12.2. Product portfolio
12.12.3. Recent Key Developments
12.12.4. Financials (Based on data availability)

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