Lubricants Market Growth Till 2031, Types, and Applications in Automotive, Industrial & Marine Sectors | Most Leading Companies - Grauer & Weil (India) Limited, Mosil Lubricants, Anand Engineers Pvt. Ltd

Global Lubricant Market reached USD 161.1 billion in 2022 and is expected to reach USD 196.9 billion by 2031, growing with a CAGR of 2.6% during the forecast period 2024-2031

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The lubricants refers to the global industry focused on the production, distribution, and application of substances that reduce friction and wear between mechanical surfaces. It includes automotive, industrial, marine, and specialty lubricants used to enhance equipment performance and longevity.

List of the Key Players in the Lubricants Market:

Grauer & Weil (India) Limited, Mosil Lubricants, Anand Engineers Pvt. Ltd., APAR Lubricants, Exxon Mobil Corporation., Arabian Petroleum Ltd., JAX Incorporated, Manak Petro Chem (India)., Castrol, Total Engines, Phillips 66, and NANDAN PETROCHEM LTD.

Industry Development:

On January 4, 2023, Goodyear Lubricants announced the launch of a new line of BS-6 compliant vehicle lubricants tailored for the Indian market. Manufactured in Haryana, this new range will also be distributed across South Asia, Southeast Asia, and New Zealand, reflecting the company's regional expansion strategy.

On March 5, 2023, Hindustan Petroleum Corporation Limited (HPCL), a leading Indian oil and gas company, introduced its range of lubricant products in Qatar. This move highlights strengthening trade and commercial relations between India and Qatar, as HPCL expands its footprint in international markets.

On February 27, 2023, Neste unveiled a new line of environmentally friendly lubricants under the brand Neste ReNewTM. Scheduled for launch in the first quarter of 2023, these sustainable lubricants will be available in Finland, Sweden, the Baltic states, and Poland. They are formulated using renewable or re-refined base oils combined with high-quality additives, underscoring Neste's commitment to greener solutions.

Research Process:

Both primary and secondary data sources have been used in the global Lubricants Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Lubricants Market:

By Base Stock: Bio-Based Lubricants, Mineral Oil Lubricants, Synthetic Lubricants, Semi-synthetic Lubricants

By Group: Group I, Group II, Group III, Group IV, Group V

By Product Type: Engine Oil, General Industrial Oils, Gear Oil, Greases, Metalworking Fluids, Process Oils, Transmission & Hydraulic Fluids, Others

By End-User Industry: Automotive and Transportation, Chemical Manufacturing, Food & Beverage, Heavy Equipment, Metallurgy and Metalworking, Power Generation, Others (Packaging, Oil & Gas (Drilling Fluids)

Regional Analysis for Lubricants Market:

The regional analysis of the Lubricants Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Lubricants market?

➠ Who are the leading manufacturers in the global Lubricants industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Lubricants industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Lubricants market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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