Global Lubricant
Market Report
2025
The Lubricant Market was valued at USD 120.21 billion in 2022 and will reach USD 176.25 billion by 2030, registering a CAGR of 3.1% for the forecast period 2023-2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Lubricant Market Report 2025.
The Lubricant Market was valued at USD 120.21 billion in 2022 and will reach USD 176.25 billion by 2030, registering a CAGR of 3.1% for the forecast period 2023-2030.
2021 | 2025 | 2033 | CAGR | |
---|---|---|---|---|
Global Lubricant Market Sales Revenue | $ 167.061 Million | $ 183.8 Million | $ 222.478 Million | 2.416% |
North America Lubricant Market Sales Revenue | $ 44.605 Million | $ 47.88 Million | $ 55.175 Million | 1.788% |
United States Lubricant Market Sales Revenue | $ 35.104 Million | $ 37.519 Million | $ 42.832 Million | 1.669% |
Canada Lubricant Market Sales Revenue | $ 6.022 Million | $ 6.603 Million | $ 7.951 Million | 2.35% |
Mexico Lubricant Market Sales Revenue | $ 3.479 Million | $ 3.759 Million | $ 4.392 Million | 1.966% |
Europe Lubricant Market Sales Revenue | $ 35.25 Million | $ 37.863 Million | $ 44.273 Million | 1.974% |
United Kingdom Lubricant Market Sales Revenue | $ 5.887 Million | $ 6.399 Million | $ 7.646 Million | 2.251% |
Germany Lubricant Market Sales Revenue | $ 6.592 Million | $ 7.232 Million | $ 8.943 Million | 2.691% |
France Lubricant Market Sales Revenue | $ 4.829 Million | $ 5.093 Million | $ 5.711 Million | 1.444% |
Italy Lubricant Market Sales Revenue | $ 3.313 Million | $ 3.514 Million | $ 3.993 Million | 1.613% |
Russia Lubricant Market Sales Revenue | $ 1.692 Million | $ 1.704 Million | $ 1.749 Million | 0.326% |
Spain Lubricant Market Sales Revenue | $ 3.49 Million | $ 3.782 Million | $ 4.507 Million | 2.215% |
Sweden Lubricant Market Sales Revenue | $ 1.551 Million | $ 1.685 Million | $ 2.008 Million | 2.216% |
Denmark Lubricant Market Sales Revenue | $ 1.445 Million | $ 1.533 Million | $ 1.753 Million | 1.688% |
Switzerland Lubricant Market Sales Revenue | $ 1.798 Million | $ 1.889 Million | $ 2.107 Million | 1.375% |
Luxembourg Lubricant Market Sales Revenue | $ 0.493 Million | $ 0.513 Million | $ 0.56 Million | 1.092% |
Rest of Europe Lubricant Market Sales Revenue | $ 4.159 Million | $ 4.519 Million | $ 5.296 Million | 2.002% |
Asia Pacific Lubricant Market Sales Revenue | $ 60.977 Million | $ 68.649 Million | $ 87.212 Million | 3.037% |
China Lubricant Market Sales Revenue | $ 17.5 Million | $ 19.84 Million | $ 25.597 Million | 3.236% |
Japan Lubricant Market Sales Revenue | $ 10.793 Million | $ 11.911 Million | $ 14.442 Million | 2.438% |
India Lubricant Market Sales Revenue | $ 7.256 Million | $ 8.478 Million | $ 11.599 Million | 3.996% |
South Korea Lubricant Market Sales Revenue | $ 7.866 Million | $ 8.712 Million | $ 10.718 Million | 2.625% |
Australia Lubricant Market Sales Revenue | $ 3.842 Million | $ 4.146 Million | $ 4.875 Million | 2.044% |
Singapore Lubricant Market Sales Revenue | $ 2.683 Million | $ 3.062 Million | $ 3.968 Million | 3.294% |
South East Asia Lubricant Market Sales Revenue | $ 3.659 Million | $ 4.249 Million | $ 5.695 Million | 3.728% |
Taiwan Lubricant Market Sales Revenue | $ 2.439 Million | $ 2.684 Million | $ 3.293 Million | 2.589% |
Rest of APAC Lubricant Market Sales Revenue | $ 4.939 Million | $ 5.567 Million | $ 7.024 Million | 2.948% |
South America Lubricant Market Sales Revenue | $ 11.026 Million | $ 12.278 Million | $ 15.177 Million | 2.686% |
Brazil Lubricant Market Sales Revenue | $ 4.446 Million | $ 4.926 Million | $ 6.032 Million | 2.564% |
Argentina Lubricant Market Sales Revenue | $ 1.797 Million | $ 2.042 Million | $ 2.636 Million | 3.246% |
Colombia Lubricant Market Sales Revenue | $ 1.466 Million | $ 1.63 Million | $ 1.928 Million | 2.124% |
Peru Lubricant Market Sales Revenue | $ 0.882 Million | $ 0.976 Million | $ 1.188 Million | 2.491% |
Chile Lubricant Market Sales Revenue | $ 0.915 Million | $ 1.028 Million | $ 1.295 Million | 2.929% |
Rest of South America Lubricant Market Sales Revenue | $ 1.519 Million | $ 1.677 Million | $ 2.099 Million | 2.845% |
Middle East Lubricant Market Sales Revenue | $ 7.518 Million | $ 8.354 Million | $ 10.272 Million | 2.617% |
Saudi Arabia Lubricant Market Sales Revenue | $ 2.249 Million | $ 2.507 Million | $ 3.1 Million | 2.69% |
Turkey Lubricant Market Sales Revenue | $ 1.446 Million | $ 1.623 Million | $ 2.045 Million | 2.931% |
UAE Lubricant Market Sales Revenue | $ 1.052 Million | $ 1.201 Million | $ 1.564 Million | 3.357% |
Egypt Lubricant Market Sales Revenue | $ 0.94 Million | $ 1.028 Million | $ 1.214 Million | 2.098% |
Qatar Lubricant Market Sales Revenue | $ 0.734 Million | $ 0.806 Million | $ 0.973 Million | 2.376% |
Rest of Middle East Lubricant Market Sales Revenue | $ 1.097 Million | $ 1.188 Million | $ 1.375 Million | 1.849% |
Africa Lubricant Market Sales Revenue | $ 7.685 Million | $ 8.776 Million | $ 10.37 Million | 2.107% |
Nigeria Lubricant Market Sales Revenue | $ 1.276 Million | $ 1.473 Million | $ 1.77 Million | 2.326% |
South Africa Lubricant Market Sales Revenue | $ 3.374 Million | $ 3.92 Million | $ 4.824 Million | 2.629% |
Rest of Africa Lubricant Market Sales Revenue | $ 3.035 Million | $ 3.384 Million | $ 3.776 Million | 1.377% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
|
Market Split by Application |
|
Market Split by End-Use Industry |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Market Drivers:
| |
Market Restrains:
| |
Market Trends:
|
Report scope is customizable as we have a huge database of Lubricant industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Lubricant Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A substance used to reduce friction between two surfaces is called a lubricant. It also controls temperature, prevents corrosion, and transmits power. Lubricants are present in solid, semi-solid, liquid, gaseous, etc. In the manufacturing plant oil is most commonly used, because it is suitable for high temperatures and high speed. Oil lubricants are also used as antioxidants. The mixture of oil is called grease. It has lubricant properties such as it provides sealing against foreign particles. Dry lubricants such as MoS2 power are used to minimize friction and prevent corrosion.
Automotive Industry Growth: The need for high-performance lubricants is rising as a result of the growing production of automobiles, particularly electric vehicles (EVs). ?
Industrial Growth: The use of lubricants in the mining, manufacturing, and construction industries is being driven by urbanization and the expansion of infrastructure.
Technological Developments: The market is expanding due to the creation of synthetic and bio-based lubricants that provide better performance and environmental advantages.
Raw Material Price Volatility: Changes in the price of crude oil have an effect on base oil pricing, which in turn affects the cost of producing lubricants. Global Growth Perspectives
Environmental laws: Manufacturers are facing difficulties and higher manufacturing costs as a result of strict laws on emissions and lubricant disposal.
Trend toward Synthetic Lubricants: Because of their better performance, longer lifespan, and capacity to operate in harsh environments, synthetic lubricants are becoming more and more popular.
Eco-Friendly Solutions: Due to regulatory pressures and environmental concerns, there is an increasing need for non-toxic and biodegradable lubricants.
We have various report editions of Lubricant Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
This is a joint venture in the name of FUCHS LUBRICANTS VIETNAM COMPANY LTD.30 % shares are held by STD & S Co. Ltd. This venture provides automotive specialty lubricants to customers.
Under this partnership, Nissan Motor India supplied technologically advanced lubricant oil to the consumer for better vehicle performance.it is not only for BS6 but also for BS3 and BS4 auto manufacturers.
Top Companies Market Share in Lubricant Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Globally, the lubricant market based on region is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The largest market share of lubricants is dominated by APAC and Europe. There is a probability that APAC will be dominating the lubricant market during the projected period. According to IBEF in FY22 India stands 1 st position in the production of heavy vehicles, India is the largest tractor producer, second largest in bus manufacturing, and third in truck manufacturing in the world. Government initiatives such as the automotive mission plan 2026 help to grow the automotive industry. The increasing Population of the APAC region, especially youth, in addition to increasing disposable income, surged the demand for the automotive industry.
Europe is also foreseen to account for a remarkable market share in the global Lubricant Market. This is due to increasing power generation plants.
The current report Scope analyzes Lubricant Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Lubricant Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Lubricant Industry growth. Lubricant market has been segmented with the help of its Type, Application End-Use Industry, and others. Lubricant market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The global lubricant market is divided into oil, gas, penetrating lubricant, and dry lubricant. Among these types, oil lubricants hold the largest market share. The oil lubricant has various applications in the automotive industry it uses in industrial machinery, manufacturing equipment, and construction machinery. The development of these industries drives the demand for lubricant oil. In addition, high-quality synthetic lubricant oil provides long protection to vehicles. Considering these factors oil lubricants are expected to drive the market growth.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Lubricant Industry. Request a Free Sample PDF!
Based on application, the global lubricant market is classified into industrial, aerospace, marine, and automotive. The automotive segment is expected to drive the market growth of lubricants due to increasing demand for cars from consumers. Increasing disposable income of individuals and increasing standard of living creates the demand for luxurious cars. Every car required maintenance over some time. Therefore, the automotive segment is expected to show steady growth in the upcoming years.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
The global lubricant market based on end-users type is classified into industrial and transportation. Globally, the lubricant market is estimated to gain the largest share from the industrial segments during the forecast period. The lubricant is used in various industries such as machinery and equipment manufacturing, automotive industry, energy production, chemical and petrochemical, mining, food, and beverages. The rising number of service centers for the maintenance of vehicles, increasing energy production plants, and expanding the food and beverages industry drive the growth of the lubricant market.
Senior Research Analyst at Cognitive Market Research
Ankita Sharma is a passionate and detail-driven market research professional with over 2.5 years of experience in qualitative research. With a sharp focus on client query handling and competitive intelligence, she has successfully led and delivered impactful research projects across diverse industry verticals. At the core of Ankita’s work is her ability to transform complex market data into actionable insights. She has spearheaded market intelligence initiatives by analyzing trends, evaluating competitor strategies, and mapping evolving market dynamics using a range of industry tools. Her approach combines precision with adaptability ensuring research outcomes are tailored to client-specific needs and strategic goals.
Ankita is also skilled in secondary research and product benchmarking, offering a holistic view of competitive landscapes. Her collaborative spirit and cross-functional coordination have helped refine research methodologies and maintain the highest quality standards in deliverables. Ankita’s commitment to excellence and client success makes her a valuable asset in the evolving world of market intelligence and business strategy.
Ankita Sharma is a passionate and detail-driven market research professional with over 2.5 years of experience in qualitative research. With a sharp focus on client query handling and competitive intelligence, she has successfully led and delivered impactful research projects across diverse industry verticals. At the core of Ankita’s work is her ability to transform complex market data into actionable insights. She has spearheaded market intelligence initiatives by analyzing trends, evaluating competitor strategies, and mapping evolving market dynamics using a range of industry tools. Her approach combines precision with adaptability ensuring research outcomes are tailored to client-specific needs and strategic goals.
Ankita is also skilled in secondary research and product benchmarking, offering a holistic view of competitive landscapes. Her collaborative spirit and cross-functional coordination have helped refine research methodologies and maintain the highest quality standards in deliverables. Ankita’s commitment to excellence and client success makes her a valuable asset in the evolving world of market intelligence and business strategy.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Lubricant Market is witnessing significant growth in the near future.
In 2023, the Oil segment accounted for noticeable share of global Lubricant Market and is projected to experience significant growth in the near future.
The Industrial segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Royal Dutch Shell (Netherlands), BP PLC (U.K.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
This is attributed to the growing demand for automotive oils and greases as a result of the growing trade of vehicles and their spare parts. Lubricants are an essential part of rapidly expanding industries. They are used between two relatively moving parts of machinery to reduce friction and wear & tear.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Type | Oil, Grease, Penetrating lubricant, Dry lubricant |
Application | Industrial, Aerospace, Marine, Automotive |
End-Use Industry | Transportation, Industrial |
List of Competitors | Royal Dutch Shell (Netherlands), ExxonMobil (U.S.), BP PLC (U.K.), Chevron Corporation (U.S.), Total S.A. (France), Petrochina Company Limited (China), Idemitsu Kosan Co. Ltd. (Japan), Sinopec Limited (China), Fuchs Petrolub AG (Germany), Valvoline (U.S.), Lukoil (Russia), Petronas (Malaysia), Gazprom Neft (Russia), Pertamina (Indonesia) |
This chapter will help you gain GLOBAL Market Analysis of Lubricant. Further deep in this chapter, you will be able to review Global Lubricant Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Lubricant. Further deep in this chapter, you will be able to review North America Lubricant Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Lubricant. Further deep in this chapter, you will be able to review Europe Lubricant Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Lubricant. Further deep in this chapter, you will be able to review Asia Pacific Lubricant Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Lubricant. Further deep in this chapter, you will be able to review South America Lubricant Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Lubricant. Further deep in this chapter, you will be able to review Middle East Lubricant Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Lubricant. Further deep in this chapter, you will be able to review Middle East Lubricant Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Lubricant. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End-Use Industry Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Lubricant market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Oil have a significant impact on Lubricant market? |
What are the key factors affecting the Oil and Grease of Lubricant Market? |
What is the CAGR/Growth Rate of Industrial during the forecast period? |
By type, which segment accounted for largest share of the global Lubricant Market? |
Which region is expected to dominate the global Lubricant Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|