Global Lubricants
Global demand for lubricants is projected to reach 44.6 million metric tons in 2024. Gains will be driven by increasing automobile ownership in developing regions, growth in manufacturing and global trade, and increasingly strict environmental and health regulations in developed regions.
This report analyzes lubricant demand by product, formulation, market, and region in volume terms.
Product demand is provided for the following segments:
Engine oils
Transmission and hydraulic fluids
Process oils
Metalworking fluids
General industrial oils
Gear oils
Greases
Lubricant demand is also presented for the following formulations:
Conventional
Synthetic
Re-refined
Bio-based
Lubricant demand is also presented for the following markets:
Motor vehicles (light vehicles, medium/heavy vehicles, motorcycles)
Manufacturing
Off highway equipment (construction machinery, mining machinery, agricultural and forestry
machinery)
Transportation equipment (marine, railroad, aerospace)
Other markets (power generation, oil and gas)
Lubricant demand is also presented by region:
North America
Central and South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/Mideast
Scope of the report
This report examines the scope, size, and growth of the global lubricants industry in thousand metric tons, and analyzes key trends by product, formulation, market, and region. Historical data are provided for 2008, 2014, and 2019 with forecasts for 2024 and 2029. Also provided is an analysis of key industry players and their market shares.
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