Global Lubricants Market Report 2024

Lubricants Global Market Report 2025 – By Base Oil (Bio-based Oil, Mineral Oil, Synthetic Oil), By Product Type ( Automotive Oil, Hydraulic Oil, Gear Oil, Compressed Oil, Greases, Metal Working Fluid), By End User Vertical (Automotive, Industrial, Marine, Chemical, Oil & Gas, Aerospace, Others End Users) – Market Size, Trends, And Global Forecast 2025-2034

Lubricants Global Market Report 2025

Report Price : $4490.00 | Pages : 175 | Published : January 2025 | Delivery Time: 2-3 business days | Format : pdf

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Lubricants Market Definition

A lubricant is a substance used to lubricate an engine or component. It controls friction and damage on surfaces that are in contact with bodies in relative motion. Lubricant functionality reduces the wear and tear on machinery, leading to a longer lifespan for the equipment.

The main base oil of lubricants are bio-based oil, mineral oil and synthetic oil. Bio-based oil refers to lubricants that are made from raw, renewable materials, unlike traditional petroleum-based lubricants. Bio-based oils are biodegradable, renewable, and have a lower environmental impact than petroleum-based oils. It includes product type such as automotive oil, hydraulic oil, gear oil, compressed oil, greases, and metal working fluid, which are used in automotive, industrial, marine, chemical, oil and gas, aerospace, and others.

Lubricants Market Segmentation

The lubricants market covered in this report is segmented –

1) By Base Oil: Bio-Based Oil, Mineral Oil, Synthetic Oil

2) By Product Type: Automotive Oil, Hydraulic Oil, Gear Oil, Compressed Oil, Greases, Metal Working Fluid

3) By End User Vertical: Automotive, Industrial, Marine, Chemical, Oil And Gas, Aerospace, Others End Users

Subsegments:

1) By Bio-Based Oil: Vegetable Oils, Animal Fats, Ester-Based Oils

2) By Mineral Oil: Paraffinic Oils, Naphthenic Oils, Refining Techniques

3) By Synthetic Oil: PAO (Polyalphaolefins), Ester-Based Synthetic Oils, Group III Base Oils

Lubricants Market Size and growth rate 2025 to 2029: Graph

Lubricants Market Size 2025 And Growth Rate

The lubricants market size has grown steadily in recent years. It will grow from $156.67 billion in 2024 to $162.46 billion in 2025 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to industrialization and mechanization, automotive industry growth, technological advancements in lubricant formulations, globalization of trade and transportation, increasing demand from manufacturing sectors.

Lubricants Market Growth Forecast

The lubricants market size is expected to see steady growth in the next few years. It will grow to $184.2 billion in 2029 at a compound annual growth rate (CAGR) of 3.2%. The growth in the forecast period can be attributed to expanding automotive fleet size, growth in the aviation and marine industries, rising demand for synthetic lubricants, increasing focus on sustainability and environmental regulations, development of emerging markets. Major trends in the forecast period include shift towards bio-based and eco-friendly lubricants, adoption of advanced lubrication technologies, such as nanotechnology, expansion of online sales channels for lubricants emphasis on predictive maintenance and condition monitoring, integration of lubricant management software for efficient maintenance scheduling.

Lubricants Market Driver: Rise In Automotive Industry Fuels Growth In The Lubricants Market

The surge in automotive industry is expected to propel the growth of lubricants market going forward. The automotive industry refers to the sector of the economy involved in the design, development, manufacturing, marketing, and sale of motor vehicles. Lubricants in automobiles are used to reduce friction and wear between moving parts, ensuring smooth operation and extending the lifespan of engine components. For instance, in February 2023, according to the European Automobile Manufacturers Association, a Belgium-based trade association for major European automobile manufacturers, in 2022, 85.4 million motor vehicles were produced worldwide, an increase of 5.7% compared to 2021. Additionally, in January 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, the sales of electric vehicles, including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), in 2021 was 6500000, which increased in 2022 and reached 1,02,00,000. Therefore, the surge in the automotive industry is driving the growth of the lubricants market.

Global Lubricants Market Major Players

Major companies operating in the lubricants market report are China Petroleum & Chemical Corporation, PetroChina Company Limited, ExxonMobil Corp., Shell PLC, Total Energies, BP PLC, Chevron Corp., Philips 66 Company, Petróleo Brasileiro S.A., ENEOS Corporation, Idemitsu Kosan Co. Ltd., Lukoil Oil Company, S-Oil Corporation, Calumet Specialty Products Partners L.P, Fuchs SE, Castrol Limited, Quaker Houghton, Valvoline Inc., Petronas Lubricant International, Gulf Oil Marine Ltd., Blaser Swisslube Inc., Amsoil Inc., Pennzoil, Zeller Gmelin Gmbh & Co. KG, Pennine Lubricants

Global Lubricants Market Trend: New Synthetic Oils Enhance Engine Protection, Performance And Durability In Extreme Conditions

Major companies operating in the lubricants market are developing new products, such as advanced marine and powersport oils, to provide superior engine protection and performance for four-stroke marine and off-road vehicles under extreme conditions. Advanced marine and powersport oils are specialized lubricants formulated to provide high performance, protection, and efficiency for marine engines and powersport vehicles operating under demanding conditions. For instance, in September 2023, Valvoline, a US-based company that provides a wide range of automotive and industrial lubricant solutions, launched the Valvoline Full Synthetic 4-Stroke Marine Oil and Valvoline Ultimate Powersport Full Synthetic 4-Stroke Motor Oil. It is designed to provide enhanced protection and performance in extreme conditions. The Valvoline Full Synthetic 4-Stroke Marine Oil offers up to eight times better defense against rust and 50% stronger wear protection, crucial for engines exposed to corrosive environments like saltwater. The Ultimate Powersport Full Synthetic 4-Stroke Motor Oil is tailored for small engines in ATVs, UTVs, and personal watercraft, ensuring optimal performance and durability. Both products feature powerful cleaning agents to prevent dirt buildup in high-revving engines, enhancing overall engine longevity.

Lubricants Market Merger And Acquisition: Saudi Arabian Oil Group (Saudi Aramco) Acquired Valvoline Inc.’s Global Products Business

In March 2023, Saudi Arabian Oil Group (Saudi Aramco), a Saudi Arabia-based petroleum and natural gas company, acquired Valvoline Inc.’s global products business for $2.65 billion. This acquisition significantly enhances Aramco's global presence in the lubricants industry, offering strategic expansion opportunities, a strengthened downstream portfolio, and leveraging Valvoline's established brand equity to solidify Aramco's position as a major player in the integrated, branded lubricants market. Valvoline Inc. is a US-based automotive services company that manufactures and distributes finished lubricants and automotive chemicals.

Regional Outlook For The Global Lubricants Market

Asia-Pacific was the largest region in the lubricants market in 2024. The regions covered in the lubricants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the lubricants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Lubricants Market?

The lubricants market consists of sales of engine oil, grease, industrial oils, transmission fluids, lubricant dispensing systems, sealants, and aviation lubricants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Lubricants Industry?

The lubricants market research report is one of a series of new reports from The Business Research Company that provides lubricants market statistics, including lubricants industry global market size, regional shares, competitors with a lubricants market share, detailed lubricants market segments, market trends and opportunities, and any further data you may need to thrive in the lubricants industry. This lubricants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Lubricants Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2025 $162.46 billion
Revenue Forecast In 2034 $184.2 billion
Growth Rate CAGR of 3.2% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Base Oil: Bio-Based Oil, Mineral Oil, Synthetic Oil
2) By Product Type: Automotive Oil, Hydraulic Oil, Gear Oil, Compressed Oil, Greases, Metal Working Fluid
3) By End User Vertical: Automotive, Industrial, Marine, Chemical, Oil And Gas, Aerospace, Others End Users Subsegments: 1) By Bio-Based Oil: Vegetable Oils, Animal Fats, Ester-Based Oils
2) By Mineral Oil: Paraffinic Oils, Naphthenic Oils, Refining Techniques
3) By Synthetic Oil: PAO (Polyalphaolefins), Ester-Based Synthetic Oils, Group III Base Oils
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled China Petroleum & Chemical Corporation, PetroChina Company Limited, ExxonMobil Corp., Shell plc, Total Energies, BP plc, Chevron Corp., Philips 66 Company, Petróleo Brasileiro S.A., ENEOS Corporation, Idemitsu Kosan Co. Ltd., Lukoil Oil Company, S-Oil Corporation, Calumet Specialty Products Partners L.P, Fuchs SE, Castrol Limited, Quaker Houghton, Valvoline Inc., Petronas Lubricant International, Gulf Oil Marine Ltd., Blaser Swisslube Inc., Amsoil Inc., Pennzoil, Zeller Gmelin Gmbh & Co. KG, Pennine Lubricants
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Lubricants Market Characteristics

    3. Lubricants Market Trends And Strategies

    4. Lubricants Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

    5. Global Lubricants Growth Analysis And Strategic Analysis Framework

    5.1. Global Lubricants PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

    5.2. Analysis Of End Use Industries

    5.3. Global Lubricants Market Growth Rate Analysis

    5.4. Global Lubricants Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

    5.5. Global Lubricants Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

    5.6. Global Lubricants Total Addressable Market (TAM)

    6. Lubricants Market Segmentation

    6.1. Global Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Bio-Based Oil

    Mineral Oil

    Synthetic Oil

    6.2. Global Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Automotive Oil

    Hydraulic Oil

    Gear Oil

    Compressed Oil

    Greases

    Metal Working Fluid

    6.3. Global Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Automotive

    Industrial

    Marine

    Chemical

    Oil And Gas

    Aerospace

    Other End Users

    6.4. Global Lubricants Market, Sub-Segmentation Of Bio-Based Oil, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Vegetable Oils

    Animal Fats

    Ester-Based Oils

    6.5. Global Lubricants Market, Sub-Segmentation Of Mineral Oil, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Paraffinic Oils

    Naphthenic Oils

    Refining Techniques

    6.6. Global Lubricants Market, Sub-Segmentation Of Synthetic Oil, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    PAO (Polyalphaolefins)

    Ester-Based Synthetic Oils

    Group III Base Oils

    7. Lubricants Market Regional And Country Analysis

    7.1. Global Lubricants Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    7.2. Global Lubricants Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8. Asia-Pacific Lubricants Market

    8.1. Asia-Pacific Lubricants Market Overview

    Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.3. Asia-Pacific Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.4. Asia-Pacific Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    9. China Lubricants Market

    9.1. China Lubricants Market Overview

    9.2. China Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.3. China Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.4. China Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    10. India Lubricants Market

    10.1. India Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.2. India Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.3. India Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11. Japan Lubricants Market

    11.1. Japan Lubricants Market Overview

    11.2. Japan Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.3. Japan Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.4. Japan Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12. Australia Lubricants Market

    12.1. Australia Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.2. Australia Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.3. Australia Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13. Indonesia Lubricants Market

    13.1. Indonesia Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.2. Indonesia Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.3. Indonesia Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14. South Korea Lubricants Market

    14.1. South Korea Lubricants Market Overview

    14.2. South Korea Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.3. South Korea Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.4. South Korea Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15. Western Europe Lubricants Market

    15.1. Western Europe Lubricants Market Overview

    15.2. Western Europe Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.3. Western Europe Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.4. Western Europe Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16. UK Lubricants Market

    16.1. UK Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.2. UK Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.3. UK Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17. Germany Lubricants Market

    17.1. Germany Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.2. Germany Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.3. Germany Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18. France Lubricants Market

    18.1. France Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.2. France Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.3. France Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19. Italy Lubricants Market

    19.1. Italy Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.2. Italy Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.3. Italy Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20. Spain Lubricants Market

    20.1. Spain Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.2. Spain Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.3. Spain Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21. Eastern Europe Lubricants Market

    21.1. Eastern Europe Lubricants Market Overview

    21.2. Eastern Europe Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.3. Eastern Europe Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.4. Eastern Europe Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22. Russia Lubricants Market

    22.1. Russia Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.2. Russia Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.3. Russia Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23. North America Lubricants Market

    23.1. North America Lubricants Market Overview

    23.2. North America Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.3. North America Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.4. North America Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24. USA Lubricants Market

    24.1. USA Lubricants Market Overview

    24.2. USA Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.3. USA Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.4. USA Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25. Canada Lubricants Market

    25.1. Canada Lubricants Market Overview

    25.2. Canada Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.3. Canada Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.4. Canada Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26. South America Lubricants Market

    26.1. South America Lubricants Market Overview

    26.2. South America Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.3. South America Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.4. South America Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27. Brazil Lubricants Market

    27.1. Brazil Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.2. Brazil Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.3. Brazil Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28. Middle East Lubricants Market

    28.1. Middle East Lubricants Market Overview

    28.2. Middle East Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.3. Middle East Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.4. Middle East Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29. Africa Lubricants Market

    29.1. Africa Lubricants Market Overview

    29.2. Africa Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.3. Africa Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.4. Africa Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    30. Lubricants Market Competitive Landscape And Company Profiles

    30.1. Lubricants Market Competitive Landscape

    30.2. Lubricants Market Company Profiles

    30.2.1. China Petroleum & Chemical Corporation Overview, Products and Services, Strategy and Financial Analysis

    30.2.2. PetroChina Company Limited Overview, Products and Services, Strategy and Financial Analysis

    30.2.3. ExxonMobil Corp. Overview, Products and Services, Strategy and Financial Analysis

    30.2.4. Shell plc Overview, Products and Services, Strategy and Financial Analysis

    30.2.5. Total Energies Overview, Products and Services, Strategy and Financial Analysis

    31. Lubricants Market Other Major And Innovative Companies

    31.1. BP plc

    31.2. Chevron Corp.

    31.3. Philips 66 Company

    31.4. Petróleo Brasileiro S.A.

    31.5. ENEOS Corporation

    31.6. Idemitsu Kosan Co. Ltd.

    31.7. Lukoil Oil Company

    31.8. S-Oil Corporation

    31.9. Calumet Specialty Products Partners L.P

    31.10. Fuchs SE

    31.11. Castrol Limited

    31.12. Quaker Houghton

    31.13. Valvoline Inc.

    31.14. Petronas Lubricant International

    31.15. Gulf Oil Marine Ltd.

    32. Global Lubricants Market Competitive Benchmarking And Dashboard

    33. Key Mergers And Acquisitions In The Lubricants Market

    34. Recent Developments In The Lubricants Market

    35. Lubricants Market High Potential Countries, Segments and Strategies

    35.1 Lubricants Market In 2029 - Countries Offering Most New Opportunities

    35.2 Lubricants Market In 2029 - Segments Offering Most New Opportunities

    35.3 Lubricants Market In 2029 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Lubricants Market, Sub-Segmentation Of Bio-Based Oil, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Lubricants Market, Sub-Segmentation Of Mineral Oil, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Lubricants Market, Sub-Segmentation Of Synthetic Oil, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Lubricants Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Lubricants Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Asia-Pacific, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: China, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: India, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: Japan, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Australia, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Indonesia, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: South Korea, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: Western Europe, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: UK, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: Germany, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: France, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: Italy, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Spain, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Eastern Europe, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Russia, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: North America, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: USA, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: Canada, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: South America, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: Brazil, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Middle East, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Africa, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: China Petroleum & Chemical Corporation Financial Performance
  • Table 78: PetroChina Company Limited Financial Performance
  • Table 79: ExxonMobil Corp. Financial Performance
  • Table 80: Shell plc Financial Performance
  • Table 81: Total Energies Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Lubricants Market, Sub-Segmentation Of Bio-Based Oil, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Lubricants Market, Sub-Segmentation Of Mineral Oil, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Lubricants Market, Sub-Segmentation Of Synthetic Oil, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Lubricants Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Lubricants Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Asia-Pacific, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: China, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: India, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: Japan, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Australia, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Indonesia, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: South Korea, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: Western Europe, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: UK, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: Germany, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: France, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: Italy, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Spain, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Eastern Europe, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Russia, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: North America, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: USA, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: Canada, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: South America, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: Brazil, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Middle East, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Africa, Lubricants Market, Segmentation By Base Oil, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Lubricants Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Lubricants Market, Segmentation By End User Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: China Petroleum & Chemical Corporation Financial Performance
  • Figure 78: PetroChina Company Limited Financial Performance
  • Figure 79: ExxonMobil Corp. Financial Performance
  • Figure 80: Shell plc Financial Performance
  • Figure 81: Total Energies Financial Performance
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Frequently Asked Questions

What is the definition of the Lubricants market?

A lubricant is a substance used to lubricate an engine or component. It controls friction and damage on surfaces that are in contact with bodies in relative motion. Lubricant functionality reduces the wear and tear on machinery, leading to a longer lifespan for the equipment. For further insights on the Lubricants market, request a sample here

How will the Lubricants market drivers and restraints affect the market dynamics? What forces will shape the Lubricants industry going forward?

The Lubricants market major growth driver - Rise In Automotive Industry Fuels Growth In The Lubricants Market. For further insights on the Lubricants market, request a sample here

What is the forecast market size or the forecast market value of the Lubricants market?

The Lubricants market size has grown strongly in recent years. The lubricants market size has grown steadily in recent years. It will grow from $156.67 billion in 2024 to $162.46 billion in 2025 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to industrialization and mechanization, automotive industry growth, technological advancements in lubricant formulations, globalization of trade and transportation, increasing demand from manufacturing sectors. The lubricants market size is expected to see steady growth in the next few years. It will grow to $184.2 billion in 2029 at a compound annual growth rate (CAGR) of 3.2%. The growth in the forecast period can be attributed to expanding automotive fleet size, growth in the aviation and marine industries, rising demand for synthetic lubricants, increasing focus on sustainability and environmental regulations, development of emerging markets. Major trends in the forecast period include shift towards bio-based and eco-friendly lubricants, adoption of advanced lubrication technologies, such as nanotechnology, expansion of online sales channels for lubricants emphasis on predictive maintenance and condition monitoring, integration of lubricant management software for efficient maintenance scheduling. For further insights on the Lubricants market, request a sample here

How is the Lubricants market segmented?

The lubricants market covered in this report is segmented –
1) By Base Oil: Bio-Based Oil, Mineral Oil, Synthetic Oil
2) By Product Type: Automotive Oil, Hydraulic Oil, Gear Oil, Compressed Oil, Greases, Metal Working Fluid
3) By End User Vertical: Automotive, Industrial, Marine, Chemical, Oil And Gas, Aerospace, Others End Users Subsegments:
1) By Bio-Based Oil: Vegetable Oils, Animal Fats, Ester-Based Oils
2) By Mineral Oil: Paraffinic Oils, Naphthenic Oils, Refining Techniques
3) By Synthetic Oil: PAO (Polyalphaolefins), Ester-Based Synthetic Oils, Group III Base Oils For further insights on the Lubricants market,
request a sample here

Which region has the largest share of the Lubricants market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the lubricants market in 2024. The regions covered in the lubricants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the Lubricants market, request a sample here.

Who are the major players in the Lubricants market?

Major companies operating in the lubricants market report are China Petroleum & Chemical Corporation, PetroChina Company Limited, ExxonMobil Corp., Shell PLC, Total Energies, BP PLC, Chevron Corp., Philips 66 Company, Petróleo Brasileiro S.A., ENEOS Corporation, Idemitsu Kosan Co. Ltd., Lukoil Oil Company, S-Oil Corporation, Calumet Specialty Products Partners L.P, Fuchs SE, Castrol Limited, Quaker Houghton, Valvoline Inc., Petronas Lubricant International, Gulf Oil Marine Ltd., Blaser Swisslube Inc., Amsoil Inc., Pennzoil, Zeller Gmelin Gmbh & Co. KG, Pennine Lubricants. For further insights on the Lubricants market, request a sample here.

What are the key trends in the Lubricants market?

Major trends in the Lubricants market include New Synthetic Oils Enhance Engine Protection, Performance And Durability In Extreme Conditions. For further insights on the Lubricants market, request a sample here.

What are the major opportunities in the Lubricants market? What are the strategies for the Lubricants market?

For detailed insights on the major opportunities and strategies in the Lubricants market, request a sample here.

How does the Lubricants market relate to the overall economy and other similar markets?

For detailed insights on Lubricants's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Lubricants industry?

For detailed insights on the mergers and acquisitions in the Lubricants industry, request a sample here.

What are the key dynamics influencing the Lubricants market growth? SWOT analysis of the Lubricants market.

For detailed insights on the key dynamics influencing the Lubricants market growth and SWOT analysis of the Lubricants industry, request a sample here.