Global Lubricants Market Growth 2023-2029

Global Lubricants Market Growth 2023-2029

Lubricating oil is used in all types of vehicles, mechanical equipment to reduce friction, protection machinery and mechanical parts of liquid or solid lubricant, mainly for lubrication, auxiliary cooling, antirust, clean, sealed and buffer.

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

This Insight Report provides a comprehensive analysis of the global Lubricants 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 Lubricants portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lubricants market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lubricants 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 Lubricants.

The global Lubricants market size is projected to grow from US$ 127640 million in 2022 to US$ 149480 million in 2029; it is expected to grow at a CAGR of 149480 from 2023 to 2029.

Asia-Pacific is projected to be the largest market for lubricants.

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

Market Segmentation:

Segmentation by type
Mineral Oil
Synthetic Lubricants
Bio-Based
Greases

Segmentation by application
Transportation
Industrial Machinery & Equipment

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.
Royal Dutch Shell
Exxon Mobil
Chevron
Total
Petrochina
Sinopec
Lukoil
Fuchs Petrolub
Idemitsu Kosan

Key Questions Addressed in this Report

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

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

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

How do Lubricants market opportunities vary by end market size?

How does Lubricants 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.