Global Lubricant Market Growth 2023-2029

Global Lubricant Market Growth 2023-2029

Lubricant is a substance introduced to reduce friction between moving surfaces. It may also have the function of transporting foreign particles. The property of reducing friction is known as lubricity (or slipperiness). Lubricant as its name implies have to perform in various applications like automotive, industrial, marine and others.

LPI (LP Information)' newest research report, the “Lubricant Industry Forecast” looks at past sales and reviews total world Lubricant sales in 2022, providing a comprehensive analysis by region and market sector of projected Lubricant sales for 2023 through 2029. With Lubricant sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lubricant industry.

This Insight Report provides a comprehensive analysis of the global Lubricant landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lubricant portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lubricant market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lubricant and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lubricant.

The global Lubricant market size is projected to grow from US$ 128990 million in 2022 to US$ 148550 million in 2029; it is expected to grow at a CAGR of 148550 from 2023 to 2029.

In Europe, Total, Shell, BP, ExxonMobil, Lukoil are the leaders of the Lubricant industry, which take about 80% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Lubricant market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Semi-synthetic Lubricant
Synthetic Lubricant
Mineral Lubricant

Segmentation by application
Automotive
Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Shell
Total
ExxonMobil
BP
Chevron
Sinopec
Quepet
JX Nippon
Lukoil
Gulf Oil
Idem Itsu
BASF
Fuchs
Ashland Valvoline
Petronas
Chemtura
Amsoil
Pertamina
CNPC
Delian Group
Original Chemical
LOPAL

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lubricant market?

What factors are driving Lubricant market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lubricant market opportunities vary by end market size?

How does Lubricant break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.