This report was recently updated on April 16 2024 with the latest and most recent
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Global Lubricant Market Size and Volume Estimates - Forecasts to 2025 By End-User Landscape (Consumer Profile), Type (Mineral Oil Lubricants, Synthetic Lubricants, Bio-Based Lubricants), Application (Industrial Lubricant (Process Oils, General Industrial Oils, Metal Working Fluids, Industrial Engine Oils), Automotive Lubricant (Heavy-Duty Engine Oil, Hydraulic & Transmission Fluid, Passenger Vehicle & Motor Oil, Automatic Transmission Fluid)) and Region - Global Market Estimates
The Global Lubricant Market is projected to reach USD 179.08 billion by 2027
An oily fluid and semifluid substance responsible to reduce friction and wear & tear between two components is termed as lubricant. Depending on their composition that is, base oil + additives and characteristics such as thermal stability, boiling point, freezing point, high viscosity index, etc. they are used for abundant applications. The prominent industries served by lubricants are automotive, manufacturing, machinery, textiles, transportation, aviation, marine among others. Lubricants are generally of four types; liquid form, semi-solid form, solid form and synthetic form.
End-User Landscape (Consumer Profile): Global Lubricant Market
End-use companies such as Shell, ExxonMobil among others are investing extensively on the manufacturing and sale of lubricants, which presents a huge opportunity to lubricant suppliers. The report provides a detailed list of end-users operating across the world. The end-use landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others. Growing end-use industries in the emerging economies are expected to increase the demand for the lubricants market.
Mineral oil lubricant is among the major type of lubricant and continues its dominance in the forecast period (2017-2025)
Based on the type, lubricants are classified as mineral oil lubricants, bio-based lubricants, and synthetic lubricants. The Mineral oil based lubricants are mineral oil (petroleum by product) based. The mineral oil is of three types, that is, Paraffinic Oil, Naphthenic Oil and Aromatic oil. The Bio-based lubricants are based on oil extracted from various vegetables such as soybean, palm, coconut, sunflower, canola among others. These type of lubricants have evolved as a result of concern for environmental interest. For Synthetic type of lubricants highly refined base oil is used as compared to traditional mineral oil based lubricants, to ensure better performance and protection.
Global Lubricant Market Drivers
Automotive lubricant industry is projected to grow at a considerable rate during the forecast period (2017-2025)
Automotive industry is one of the major application area for lubricants, where in lubricants in form engine oil, gear oil, grease, transmission fluid and other fluids are used. Increasing demand of both light duty as well as heavy duty commercial vehicles especially in APAC region is a major driving factor.
The automotive industry has become saturated in few parts of North America & Europe and so the demand from these regions is comparatively low.
Increase in the life span of vehicles encourage the high usage of lubricants for enhanced performance and protection against damage, which is the driving factor for lubricants market. Government stated legislations and OEM requirements encourage the use of high quality lubricants so as to maintain vehicles’ and environment’s health. Also, the frequently changing raw material prices affect the market both positively and negatively.
Asia-Pacific is projected to account for the largest share in the global lubricants market by 2027
Asia-Pacific is the largest market for lubricants as compared to other regions of the world. Over 40% of lubricants demand comes from Asian countries. The fastest gains in the APAC region, are due to an increase in motor vehicles population and rapid industrialization witnessed in major economies such as China and India. China alone accounts for over 40% of the lubricants demand in APAC region, followed by India (10-12%), Japan (8-10%) among others.
Asia-Pacific is the region consisting of the world’s major emerging economies, where in development is taking place at a very fast pace and thus it will fuel the growth of lubricants market. China and India are highly populated countries (globally top two) which creates a large scope for automotive industry to grow imposing high demand for lubricants. Most of the economies in Asia-Pacific are economic in standard and thus there is not a very high usage of high quality lubricants, thus the drain out time is less which enables the frequent usage of lubricants and fuels its growth. Also, the rapid industrialization and modernization in Asian economies impacts lubricants market positively along with the demand from transportation, marine and aviation sector which will spur the lubricants market growth.
Growth Factors for China: China is the most populous country and thereby has huge number of vehicles on road, thus more the usage of vehicles more will be the requirement of lubricants. It is known to be a world factory due to massive production it does for all types of products, thus a considerable amount of volume of lubricant is required to keep the factories and machines functioning. Also, China’s GDP is expanding year on year which ensures the buying power of its citizen, thus the people will buy more two wheelers and four wheelers and won’t hesitate in spending on their maintenance
Emerging economies like China, India, and Brazil among others offer a tremendous potential to the lubricants market growth. Growing environmental concerns will be a good opportunity for bio-based lubricants to grow as well and capture a higher market share.
Abundant applications and high performing additives encourage the use of lubricants. Increased industrialization will be huge opportunity for growth of the lubricants as well.
The report entails key drivers, restraints, opportunities, and challenges that impact the global lubricant market. Players covered in the global lubricant market report include Royal Dutch Shell PLC, Exxonmobil Corporation, and BP PLC among others.
Please note: This is not an exhaustive list of companies profiled in the report.
TABLE OF CONTENTS
1 ABOUT LUBRICANT 20
2 TECHNOLOGICAL TRENDS 21
3 DEMAND AND SUPPLY MATRIX 25
3.1 INTRODUCTION 25
3.2 DEMAND SIDE ANALYSIS 25
3.2.1 LUBRICANT: MARKET DRIVERS 25
3.2.2 LUBRICANT: MARKET RESTRAINTS 27
3.2.3 LUBRICANT: MARKET OPPORTUNITIES 27
3.2.4 LUBRICANT: MARKET CHALLENGES 29
3.3 SUPPLY SIDE ANALYSIS 30
3.3.1 FUTURE SCENARIO (CAGR% VS. COUNTRY) 30
3.3.2 MAPPING KEY LUBRICANT MANUFACTURERS 31
3.3.3 PORTER’S FIVE FORCES ANALYSIS 32
3.3.3.1 Threat of new entrants 32
3.3.3.2 Threat of substitutes 33
3.3.3.3 Bargaining power of buyers 33
3.3.3.4 Bargaining power of suppliers 33
3.3.3.5 Intensity of competitive rivalry 34
3.3.4 GLOBAL LUBRICANT MARKET: CRUCIAL MOVEMENT SCRUTINY 35
4 GLOBAL LUBRICANT MARKET: END-USER LANDSCAPE (CONSUMER PROFILE) 36
5 GLOBAL LUBRICANT MARKET, BY TYPE 37
5.1 INTRODUCTION 37
5.2 MINERAL OIL LUBRICANT 38
5.3 SYNTHETIC LUBRICANT 39
5.4 BIO-BASED LUBRICANT 39
5.5 OTHERS 40
6 GLOBAL LUBRICANT MARKET, BY APPLICATION 42
6.1 INTRODUCTION 42
6.2 INDUSTRIAL 43
6.2.1 INDUSTRIAL LUBRICANT, BY PRODUCT 44
6.2.1.1 Process Oils 44
6.2.1.2 General Industrial Oils 44
6.2.1.3 Metal Working Fluids 45
6.2.1.4 Industrial Engine Oils 46
6.2.1.5 Others 47
6.3 AUTOMOTIVE 48
6.3.1 AUTOMOTIVE LUBRICANT, BY PRODUCT 48
6.3.1.1 Heavy-Duty Engine Oil 48
6.3.1.2 Hydraulic &Transmission Fluid 49
6.3.1.3 Passenger Vehicle & Motor Oil 50
6.3.1.4 Automatic Transmission Fluid 51
6.3.1.5 Gear Oil 52
6.3.1.6 Grease 53
7 GLOBAL LUBRICANT MARKET, BY REGION 54
7.1 INTRODUCTION 54
7.2 NORTH AMERICA 56
7.2.1 BY TYPE 56
7.2.2 BY APPLICATION 57
7.2.2.1 Industrial 58
7.2.2.1.1 Industrial Lubricant, By Product 59
7.2.2.1.1.1 Process Oils 59
7.2.2.1.1.2 General Industrial Oils 60
7.2.2.1.1.3 Metal Working Fluids 60
7.2.2.1.1.4 Industrial Engine Oils 61
7.2.2.1.1.5 Others 62
7.2.2.2 Automotive 63
7.2.2.2.1 Automotive Lubricant, By Product 64
7.2.2.2.1.1 Heavy-Duty Engine Oil 64
7.2.2.2.1.2 Hydraulic &Transmission Fluid 65
7.2.2.2.1.3 Passenger Vehicle & Motor Oil 66
7.2.2.2.1.4 Automatic Transmission Fluid 66
7.2.2.2.1.5 Gear Oil 67
7.2.2.2.1.6 Grease 68
7.2.3 BY COUNTRY 69
7.2.3.1 U.S. 70
7.2.3.1.1 By type 70
7.2.3.1.2 By application 70
7.2.3.1.2.1 By industrial application 71
7.2.3.1.2.2 By automotive application 72
7.2.3.2 Canada 72
7.2.3.2.1 By type 72
7.2.3.2.2 By application 73
7.2.3.2.2.1 By industrial application 73
7.2.3.2.2.2 By automotive application 74
7.3 EUROPE 75
7.3.1 BY TYPE 75
7.3.2 BY APPLICATION 76
7.3.2.1 Industrial 77
7.3.2.1.1 Industrial Lubricant, By Product 77
7.3.2.1.1.1 Process Oils 77
7.3.2.1.1.2 General Industrial Oils 78
7.3.2.1.1.3 Metal Working Fluids 79
7.3.2.1.1.4 Industrial Engine Oils 80
7.3.2.1.1.5 Others 81
7.3.2.2 Automotive 82
7.3.2.2.1 Automotive Lubricant, By Product 82
7.3.2.2.1.1 Heavy-Duty Engine Oil 83
7.3.2.2.1.2 Hydraulic &Transmission Fluid 83
7.3.2.2.1.3 Passenger Vehicle & Motor Oil 84
7.3.2.2.1.4 Automatic Transmission Fluid 85
7.3.2.2.1.5 Gear Oil 86
7.3.2.2.1.6 Grease 87
7.3.3 BY COUNTRY 88
7.3.3.1 U.K. 88
7.3.3.1.1 By type 89
7.3.3.1.2 By application 89
7.3.3.1.2.1 By industrial application 90
7.3.3.1.2.2 By automotive application 90
7.3.3.2 Germany 91
7.3.3.2.1 By type 91
7.3.3.2.2 By application 92
7.3.3.2.2.1 By industrial application 92
7.3.3.2.2.2 By automotive application 93
7.3.3.3 France 93
7.3.3.3.1 By type 93
7.3.3.3.2 By application 94
7.3.3.3.2.1 By industrial application 95
7.3.3.3.2.2 By automotive application 95
7.4 ASIA-PACIFIC 96
7.4.1 BY TYPE 96
7.4.2 BY APPLICATION 97
7.4.2.1 Industrial 98
7.4.2.1.1 Industrial Lubricant, By Product 99
7.4.2.1.1.1 Process Oils 99
7.4.2.1.1.2 General Industrial Oils 99
7.4.2.1.1.3 Metal Working Fluids 100
7.4.2.1.1.4 Industrial Engine Oils 101
7.4.2.1.1.5 Others 102
7.4.2.2 Automotive 103
7.4.2.2.1 Automotive Lubricant, By Product 104
7.4.2.2.1.1 Heavy-Duty Engine Oil 104
7.4.2.2.1.2 Hydraulic &Transmission Fluid 105
7.4.2.2.1.3 Passenger Vehicle & Motor Oil 105
7.4.2.2.1.4 Automatic Transmission Fluid 106
7.4.2.2.1.5 Gear Oil 107
7.4.2.2.1.6 Grease 108
7.4.3 BY COUNTRY 109
7.4.3.1 China 110
7.4.3.1.1 By type 110
7.4.3.1.2 By application 110
7.4.3.1.2.1 By industrial application 111
7.4.3.1.2.2 By automotive application 111
7.4.3.2 India 112
7.4.3.2.1 By type 112
7.4.3.2.2 By application 113
7.4.3.2.2.1 By industrial application 113
7.4.3.2.2.2 By automotive application 114
7.4.3.3 Japan 114
7.4.3.3.1 By type 114
7.4.3.3.2 By application 115
7.4.3.3.2.1 By industrial application 116
7.4.3.3.2.2 By automotive application 116
7.5 CENTRAL & SOUTH AMERICA 117
7.5.1 BY TYPE 117
7.5.2 BY APPLICATION 118
7.5.2.1 Industrial 119
7.5.2.1.1 Industrial Lubricant, By Product 120
7.5.2.1.1.1 Process Oils 120
7.5.2.1.1.2 General Industrial Oils 121
7.5.2.1.1.3 Metal Working Fluids 122
7.5.2.1.1.4 Industrial Engine Oils 122
7.5.2.1.1.5 Others 123
7.5.2.2 Automotive 124
7.5.2.2.1 Automotive Lubricant, By Product 125
7.5.2.2.1.1 Heavy-Duty Engine Oil 125
7.5.2.2.1.2 Hydraulic &Transmission Fluid 126
7.5.2.2.1.3 Passenger Vehicle & Motor Oil 127
7.5.2.2.1.4 Automatic Transmission Fluid 128
7.5.2.2.1.5 Gear Oil 129
7.5.2.2.1.6 Grease 129
7.5.3 BY COUNTRY 130
7.5.3.1 Brazil 131
7.5.3.1.1 By type 131
7.5.3.1.2 By application 132
7.5.3.1.2.1 By industrial application 132
7.5.3.1.2.2 By automotive application 133
7.6 MIDDLE EAST & AFRICA 134
7.6.1 BY TYPE 134
7.6.2 BY APPLICATION 135
7.6.2.1 Industrial 136
7.6.2.1.1 Industrial Lubricant, By Product 137
7.6.2.1.1.1 Process Oils 137
7.6.2.1.1.2 General Industrial Oils 137
7.6.2.1.1.3 Metal Working Fluids 138
7.6.2.1.1.4 Industrial Engine Oils 139
7.6.2.1.1.5 Others 140
7.6.2.2 Automotive 141
7.6.2.2.1 Automotive Lubricant, By Product 142
7.6.2.2.1.1 Heavy-Duty Engine Oil 142
7.6.2.2.1.2 Hydraulic &Transmission Fluid 143
7.6.2.2.1.3 Passenger Vehicle & Motor Oil 143
7.6.2.2.1.4 Automatic Transmission Fluid 144
7.6.2.2.1.5 Gear Oil 145
7.6.2.2.1.6 Grease 146
7.6.3 BY COUNTRY 147
7.6.3.1 Saudi Arabia 148
7.6.3.1.1 By type 148
7.6.3.1.2 By application 148
7.6.3.1.2.1 By industrial application 149
7.6.3.1.2.2 By automotive application 150
8 COMPANY PROFILE 151
8.1 ROYAL DUTCH SHELL PLC. 151
8.1.1 BUSINESS DESCRIPTION 151
8.1.2 SWOT ANALYSIS 152
8.1.3 TYPES AND SERVICES OFFERED 152
8.2 EXXONMOBIL CORPORATION 154
8.2.1 BUSINESS DESCRIPTION 154
8.2.2 SWOT ANALYSIS 156
8.2.3 TYPES AND SERVICES OFFERED 157
8.3 BP PLC. 159
8.3.1 BUSINESS DESCRIPTION 159
8.3.2 SWOT ANALYSIS 160
8.3.3 TYPES AND SERVICES OFFERED 160
8.4 CHEVRON CORPORATION 162
8.4.1 BUSINESS DESCRIPTION 162
8.4.2 SWOT ANALYSIS 163
8.4.3 TYPES AND SERVICES OFFERED 163
8.5 TOTAL S.A. 164
8.5.1 BUSINESS DESCRIPTION 164
8.5.2 SWOT ANALYSIS 165
8.5.3 TYPES AND SERVICES OFFERED 165
8.6 PETROCHINA COMPANY LIMITED 167
8.6.1 BUSINESS DESCRIPTION 167
8.6.2 SWOT ANALYSIS 169
8.6.3 TYPES AND SERVICES OFFERED 169
8.7 SINOPEC LIMITED 171
8.7.1 BUSINESS DESCRIPTION 171
8.7.2 SWOT ANALYSIS 172
8.7.3 TYPES AND SERVICES OFFERED 172
8.8 LUKOIL 174
8.8.1 BUSINESS DESCRIPTION 174
8.8.2 SWOT ANALYSIS 175
8.8.3 TYPES AND SERVICES OFFERED 176
8.9 FUCHS PETROLUB AG 177
8.9.1 BUSINESS DESCRIPTION 177
8.9.2 SWOT ANALYSIS 178
8.9.3 TYPES AND SERVICES OFFERED 179
8.10 IDEMITSU KOSAN CO. LTD 180
8.10.1 BUSINESS DESCRIPTION 180
8.10.2 SWOT ANALYSIS 181
8.10.3 TYPES AND SERVICES OFFERED 182
8.11 ADM 183
8.11.1 BUSINESS DESCRIPTION 183
8.11.2 SWOT ANALYSIS 184
8.11.3 TYPES AND SERVICES OFFERED 185
8.12 BARRY CALLEBAUT 186
8.12.1 BUSINESS DESCRIPTION 186
8.12.2 SWOT ANALYSIS 187
8.12.3 TYPES AND SERVICES OFFERED 188
8.13 HERZA SCHOKOLADE GMBH & CO. KG 189
8.13.1 BUSINESS DESCRIPTION 189
8.13.2 SWOT ANALYSIS 190
8.13.3 TYPES AND SERVICES OFFERED 191
8.14 FUTURECEUTICALS, INC. 192
8.14.1 BUSINESS DESCRIPTION 192
8.14.2 SWOT ANALYSIS 193
8.14.3 TYPES AND SERVICES OFFERED 194
8.15 PRINOVA GROUP LLC 195
8.15.1 BUSINESS DESCRIPTION 195
8.15.2 SWOT ANALYSIS 196
8.15.3 TYPES AND SERVICES OFFERED 197
9 RESEARCH METHODOLOGY 199
9.1 DESK RESEARCH 199
9.2 PRIMARY RESEARCH 200
9.3 ANALYSIS AND OUTPUT 200
9.4 FINAL OUTPUT FROM DESK AND PRIMARY RESEARCH 201
The global Lubricant Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Lubricant Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing vanillin, and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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