Press release
Lubricants Market Projected to Reach 43.46 Billion Liters by 2030, Driven by Rising Demand for Synthetics and Asia-Pacific Expansion"
Lubricants Market Size & Trends | Mordor Intelligence
Global Lubricants Market stood at 39.02 billion liters in 2025 and is projected to grow to 43.46 billion liters by 2030, with a steady compound annual growth rate (CAGR) of 2.18 %. This growth is being driven by a shift from traditional mineral-based oils toward higher-performance synthetic lubricants, prompted by tightening environmental norms and a push by original equipment manufacturers (OEMs) for lighter viscosity grades that support better fuel efficiency
Explore the full report for in-depth insights and market forecasts: https://www.mordorintelligence.com/ja/industry-reports/lubricants-market?utm_source=openpr
Key Trends in the Lubricants Market
Move toward synthetic grades: Stricter emissions rules and fuel-economy targets are encouraging OEMs and end users to adopt synthetic lubricants over conventional mineral oils
Asia-Pacific leading demand: The region accounts for the largest share-over 45 %-of global lubricant consumption, thanks to accelerating vehicle ownership and industrial output
These two trends are shaping how the lubricants market is evolving: performance and regulation are pushing formulations up the value chain, while geographic demand is shifting eastward toward Asia-Pacific.
Explore in-depth insights and regional perspectives, including localized editions like the Japanese market version: https://www.mordorintelligence.com/ja/industry-reports/lubricants-market?utm_source=openpr
Market Segmentation
Finished lubricants:
Includes automotive, industrial, mining, food-grade, and bio-lubricants, each with distinct uses and growth profiles.
By segment:
Automotive lubricants: Estimated at 23.23 billion liters in 2025, expected to reach 28.01 billion liters by 2030, growing at a 3.81 % CAGR
Industrial lubricants: Forecast to rise from 22.82 billion liters in 2025 to 26.94 billion liters by 2030, at a 3.38 % CAGR
Mining lubricants: Anticipated growth from 1.75 to 1.96 billion liters between 2025 and 2030, with a 2.28 % CAGR
Food-grade lubricants: Smaller by volume but growing fast-64.18 million liters in 2025, to reach 82.93 million liters by 2030, at 5.26 % CAGR
Bio-lubricants: Estimated at 782.6 kilotons in 2025, rising to 927.7 kilotons by 2030, at 3.46 % CAGR
Get Complete Details on Competitive Landscape: https://www.mordorintelligence.com/industry-reports/lubricants-market/companies?utm_source=openpr
Key Players in the Lubricants Market
The report from Mordor Intelligence highlights several major companies across lubricant segments:
In industrial lubricants, leading names include BP (Castrol), ExxonMobil, Royal Dutch Shell, China National Petroleum Corporation, and Sinopec
In automotive lubricants, Shell retained the top spot globally in 2024, backed by global reach and trusted formulations
These established players benefit from widespread production networks, brand reliability, and formulation expertise. Smaller regional blenders are also gaining ground, often by customizing blends for local climates, vehicle types, and performance standards
Get Deep Dive into Chemical and Materials Industry Research: https://www.mordorintelligence.com/market-analysis/chemicals-materials?utm_source=openpr
Conclusion
Global lubricants market is heading toward 43.46 billion liters by 2030, growing at 2.18 % annually. This growth is supported by:
A strong shift from mineral-based fluids to synthetic lubricants, driven by environmental rules and OEM demands.
Expanding demand in Asia-Pacific, particularly from vehicle and industrial sectors.
Varied growth across segments: automotive and industrial segments make up most volume, while food-grade and bio-lubricants register stronger growth rates, offering strategic focus areas.
The landscape for lubricants is evolving-premium formulations and sustainability are increasingly central, while Asia-Pacific continues to shape overall market demand. The industry appears well-positioned to meet growing performance and environmental expectations through innovation and regional adaptation.
Explore Related Reports:
Synthetic Lubricants Market: The Synthetic Lubricants Market Report Segments the Industry by Product Type (Engine Oils, Transmission and Gear Oils, Hydraulic Fluids, and More), by Base Oil (Polyalpha-Olefin (PAO), Esters, Polyalkylene Glycol (PAG), and More), by End User (Power Generation, Automotive, Heavy Equipment, and More), and Geography (Asia-Pacific, North America, Europe, and More). The Market Forecasts are Provided in Terms of Volume (Liters).
Browse Full Report Details Followed by TOC: https://www.mordorintelligence.com/industry-reports/synthetic-lubricants-market?utm_source=openpr
Friction Modifiers Market The Friction Modifiers Market is segmented by Type (Organic and Inorganic), End-user Industry (Automotive, Industrial, Marine, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).
Browse Full Report Details Followed by TOC: https://www.mordorintelligence.com/industry-reports/friction-modifiers-market?utm_source=openpr
Automotive Lubricants Market The Automotive Lubricants Market Report is Segmented by Product Type (Engine Oil, Transmission and Gear Oil, Hydraulic Fluids, Greases), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Motorcycles), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa).
Browse Full Report Details Followed by TOC: https://www.mordorintelligence.com/industry-reports/automotive-lubricants-market?utm_source=openpr
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