Press release
Lubricants Market in 2025 Detailed Study Analysis
The global Lubricants market is estimated to reach over USD 205.9 billion by 2034, exhibiting a CAGR of 3.9% during the forecast period.
Request for free Sample Pages:
https://www.insightaceanalytic.com/request-sample/1724
The global automotive lubricants market has undergone significant transformations due to the COVID-19 pandemic, shifting consumer preferences, and technological advancements. These changes have influenced both the demand for high-performance lubricants and the emergence of bio-based alternatives.
The COVID-19 pandemic severely disrupted the global automotive supply chain, leading to abrupt halts in vehicle manufacturing and sales across various regions. This disruption resulted in a substantial decline in vehicle production, with millions of units not manufactured during the peak of the pandemic . The pandemic also exposed vulnerabilities in the supply chain, prompting manufacturers to reassess their sourcing strategies and inventory management practices.
List of Prominent Players in the Lubricants Market:
• Amsoil Inc.
• Blaser Swisslube Inc.
• BP PLC.
• Buhmwoo Chemical Co. Ltd.
• Castrol India Ltd.
• Chevron Corporation,
• China Petrochemical Corp.
• ExxonMobil Corp.
• Fuchs Petrolub AG,
• Gazprom Neft,
• Idemitsu Kosan Co. Ltd.
• JX Nippon Oil & Gas Exploration Corp.
• Lukoil
• Pertaminaa
• Petrobras
• Petrochina Company Ltd,
• PetroFer Chemie
• Petronas Lubricant International
• Philips 66 Company
• Quaker Chemical Corp.
• Royal Dutch Shell Co.
• Sinopec Ltd.,
• Total S.A.,
• Valvoline LLC
• Zeller Gmelin Gmbh & Co. KG
Market Dynamics:
Drivers-
The global lubricants market is experiencing growth driven by the increasing adoption of bio-based lubricants across various industries. These lubricants, derived from renewable resources, offer higher biodegradability compared to conventional petroleum-based products, aligning with the global emphasis on environmental sustainability. Industries such as automotive and manufacturing rely on lubricants to ensure the smooth operation of engines and machinery. Additionally, the rise in international trade of piston engine lubricants contributes to market expansion.
Curious about this latest version of the report? @
https://www.insightaceanalytic.com/enquiry-before-buying/1724
Challenges:
Despite the positive growth trajectory, the lubricants market faces challenges due to the increasing popularity of hybrid and electric vehicles (EVs). EVs require fewer lubricants, leading to a decline in demand for traditional engine oils. According to the International Energy Agency (IEA), electric vehicle sales doubled in 2021 to approximately 6.6 million units, representing 10% of global new car sales. China accounted for 16% of global electric car sales, with over 3.3 million new registrations in 2021.
Regional Trends:
The Asia-Pacific region holds a dominant position in the global lubricants market, driven by robust automotive manufacturing industries in countries like China, India, and Japan. China, in particular, is a significant contributor, with a production of 26,082,220 automobiles in 2021, as reported by the China Association of Automobile Manufacturers (CAAM). The region's growing demand for wind energy and the expansion of the power generation sector also bolster lubricant consumption. India is expected to register the highest compound annual growth rate (CAGR) in the Asia-Pacific lubricants market from 2024 to 2030, reflecting the country's rapid industrialization and increasing vehicle ownership.
Recent Developments:
• In June 2021, In order to establish a Petrochemical and Lube Integration (LuPech) Project, an Acrylics/Oxo Alcohol Project, and additional infrastructure projects at its Gujarat Refinery in Vadodara, IOCL and the Government of Gujarat inked an MOU for "Investment Promotion."
Get more information:
https://www.insightaceanalytic.com/customisation/1724
Segmentation of Lubricants Market-
By Base Oil-
• Mineral Oil
• Synthetic Oil
o PAO
o PAG
o Esters
o Group III
• Bio-based Oil
By Product Type-
• Engine Oil
• Hydraulic Oil
o HL
o HLP
o HLP-D
o Fire Resistant
• Metalworking Fluid
o Removal
o Protective
o Forming
o Treating
• Gear Oil
o Rust & Corrosion inhibited gear oil
o Compounded gear oil
o Extreme pressure gear oil
• Compressor Oil
• Grease
o Metallic Soap Thickener
o Lithium
o Calcium
o Aluminum
o Sodium
o Other Metallic Soap
o Non-Soap Thickener
o Inorganic Thickener
o Clay
o Silica
o Other Thickeners
• Turbine Oil
• Others
o Transformer Oil
o Refrigeration Oil
o Textile Machinery Lubricants
By End-Use Industry-
• Transportation
o Commercial Vehicles
o Passenger Vehicles
o Aviation
o Railways
o Marine
o Biotech
• Industrial
o Construction
o Mining
o Cement Production
o Power Generation
o Automobile Manufacturing
o Chemical
o Oil& Gas
o Textile
o Food Processing
o Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Get more information: @
https://www.insightaceanalytic.com/report/lubricants-market/1724
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
Contact us:
info@insightaceanalytic.com
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
Twitter: https://twitter.com/Insightace
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lubricants Market in 2025 Detailed Study Analysis here
News-ID: 3983520 • Views: …
More Releases from Insightace Analytic Pvt Ltd.
4PL Logistics Market Revenue Report with Forecast to 2034
"4PL Logistics Market" in terms of revenue was estimated to be worth $59.6 Billion in 2024 and is poised to reach $133.3 Billion by 2034, growing at a CAGR of 8.5% from 2025 to 2034 according to a new report by InsightAce Analytic.
Get Free Sample Report @
https://www.insightaceanalytic.com/request-sample/1609
Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global 4PL Logistics Market are:
• Rapid growth of automotive the…
Heavy-Duty Autonomous Vehicle Market Exclusive Trends Analysis with Forecast to …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Heavy-Duty Autonomous Vehicle Market- (By Application (Logistics, Public Transportation, Construction and Mining, Others), By Propulsion Type (Internal Combustion Engine Vehicles, Electric Vehicles), By Vehicle Type (Heavy Trucks, Heavy Buses, Roboshuttles), By Level of Autonomy (Fully Autonomous Vehicles, Semi-Autonomous Vehicles), By Sensor Type (LiDAR, RADAR, Camera, Others)) Trends, Industry Competition Analysis, Revenue and Forecast To 2034."
According…
E-Commerce Logistics Market Exclusive Report with Detailed Study Analysis
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global E-Commerce Logistics Market Size, Share & Trends Analysis Report By Service Type (Transportation And Warehousing) And Operational Area (International And Domestic)- Market Outlook And Industry Analysis 2034"
The global e-commerce logistics market is estimated to reach over USD 5340.2 billion by 2034, exhibiting a CAGR of 26.4% during the forecast period.
Request For Free Sample Pages:…
E-bikes Market Exclusive Report on the Latest Revenue and Future Scope
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global E-bikes Market Size, Share & Trends Analysis Report By Class (Class-I, Class-II, Class-III), Speed (Up to 25km/h, 25-45 km/h), Battery Type (Lithium-ion, Lithium-ion Polymer, Lead Acid), Mode (Pedal Assist, Throttle), Component (batteries, electric motors, frames with forks, wheels, crank gears, brake systems and motor controllers) , Motor Type (hub and mid), Usage (mountain, trekking, city/urban,…
More Releases for Oil
Hydraulic Oil Market,By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil …
In recent years, the production capacity for hydraulic oil has increased significantly across the globe. Moreover, the Group II and III base oils are primarily gaining popularity for utilization in lubricant formulations for automatic transmission engines, heavy-duty trucks, and passenger automobiles. Therefore, these determinants are expected to for drive the development of the global hydraulic oil market in the anticipated period.
Global Hydraulic Oil Market was valued at USD 10.47 billion in 2021…
Cosmetic Oil Market Future Outlook 2023-2029, Industry Demand, Trends, Size, New …
This Cosmetic Oil Market research report is one of the best and wide-ranging, which provides market insights by considering numerous factors. Therefore, businesses can get important market insights cost-effectively with the help of the Cosmetic Oil Market research report. Such a persuasive report is the best to gain a competitive advantage in this quickly transforming marketplace. In addition, the report also provides market segmentation based on type and end-user. The…
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Growing demand for corn oil as cooking oil is fuelling the Corn Oil Market
The research report "Corn Oil Market: by Product Type (High Oleic, Middle Oleic, Low Oleic), By Application (Biodiesel, Soap Making, Food Services, Pharmaceutical, Others) and Geography- Global/Region/Country Forecast to 2028." The global corn oil market size was valued at USD 4.2 Bn in the year 2021, growing at a CAGR rate of 7.2% during the evaluation time span 2022-2028.
Glance our 200 slides market research and competitive intelligence research report,…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Global Sustainable Palm Oil Market analysis report- with Leading players, Applic …
Sustainable Palm Oil Market
The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. Palm oil is used in many of the products on supermarket shelves, from margarine and chocolate to ice cream, soaps, cosmetics, and fuel for cars and power plants. The report presents a comprehensive overview, market shares, and growth opportunities of Sustainable Palm Oil market by product type,…
