Lubricants Market Global Industry Analysis, Growth, Trends and Forecast 2025 |ExxonMobil, Royal Dutch Shell, Chevron Corporation, BP PLC, Total S.A., Idemitsu Kosan Co. Ltd., Petrochina Company Limited, and Fuchs Petrolub AG

The global lubricants market size is expected to expand over USD 21 billion by 2025. Lubricant is employed between the surfaces to reduce the friction when they come in contact with each other. It exhibits anti-wear and antifoaming properties, which in turn has contributed to its application across a wide range of industries including mining, agriculture, automotive, and manufacturing. Over the years, the consistent growth across these industries have upheld the product demand.

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Rising power generation capacity across emerging nations which utilize heavy machinery including turbines, generators has significantly contributed in the product demand. Ongoing growth across the aircraft industry to develop a high performance engine is complementing the industry landscape. Furthermore, ongoing boost across automobile industry and chemical industry will further proliferate the business landscape in the coming years.

The report also throws light on various aspects of the global lubricants industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the Lubricants industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.

The lubricants market holds a strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.

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The lubricants market is categorized into heavy equipment, power generation, food & beverages, automotive, chemical, metallurgy, and others on the basis of application. The automotive segment is expected to expand at a growth rate of around 3% over the forecast period on account of its rising adoption. The shifting focus toward high performance vehicle is expected to catapult the segment growth over the forecast timeframe.

North America is expected to gain significant growth in the coming years. The region is characterized by escalated demand from end-user industries including healthcare, textiles, packaging, and household, which is contributing in the product demand. Furthermore, rising awareness to limit the negative impact on the environment along with the growing adoption of bio-fuels to run machinery will drive the industry share over the forecast timeline.

The major players operating across the global Lubricants market include ExxonMobil, Royal Dutch Shell, Chevron Corporation, BP PLC, Total S.A., Idemitsu Kosan Co. Ltd., Petrochina Company Limited, and Fuchs Petrolub AG, including others. The industry for lubricants is integrated with the participation of established global players across the globe. In addition, these companies are focusing on expanding their footprint through implementation of inorganic as well as organic strategies which in turn is proliferating the business outlook.

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Segment overview of Lubricants market

Base Oil Overview, 2018-2025, (USD Billion and kilotons)

Mineral Oil

Bio-Based Oil

Synthetic Oil

Product Type Overview, 2018-2025, (USD Billion and kilotons)

Hydraulic Fluid

Metalworking Fluid

Engine Oil

Grease

Process Oil

Gear Oil

End-Use Industry Overview, 2018-2025, (USD Billion and kilotons)

Heavy Equipment

Power Generation

Food & Beverages

Automotive

Chemical

Metallurgy

Others

Regional Overview, 2018-2025, (USD Billion and kilotons)

North America

U.S.

Canada

Mexico

Europe

UK

Germany

Italy

France

Rest of Europe

Asia Pacific

China

India

Japan

Australia

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

South Africa

Rest of Middle East & Africa

South America

Brazil

Argentina

Rest of South America

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