Lubricants Market is expected to reach USD 196.9 billion by 2031 | Major Companies - Mosil Lubricants, Anand Engineers Pvt. Ltd., APAR Lubricants, Exxon Mobil Corporation.

Market Size and Growth:

The Global Lubricants 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 Market comprises mineral, synthetic, and bio-based oils and greases used to reduce friction, wear, and heat in automotive, industrial, marine, and aviation equipment. It is driven by vehicle production, industrialization, energy efficiency needs, and maintenance practices, covering applications such as engine oils, hydraulic fluids, gear oils, transmission fluids, metalworking fluids, and specialty lubricants.

Recent Key Developments of United States:

✅ November 2025: Major U.S. lubricant producers launched bio-based formulations to meet stricter EPA emissions standards, reducing carbon footprints in industrial applications.​

✅ October 2025: ExxonMobil expanded synthetic lubricant production capacity by 15% in its Gulf Coast facilities to support growing EV drivetrain demands.​

✅ September 2025: Shell introduced a new high-performance hydraulic oil line certified for renewable energy turbines, capturing 20% more market share in wind power sectors.​

Recent Key Developments of Japan:

✅ December 2025: ENEOS Corporation reported a 5% rise in base oil demand, the first increase in ten months, driven by automotive recovery post-supply chain stabilization.​

✅ November 2025: Idemitsu Kosan rolled out advanced Group III+ engine oils for hybrid vehicles, boosting fuel efficiency by 8% in Toyota and Honda models.​

✅ October 2025: Japan's power generation sector adopted specialized lubricants for new natural gas reactors, aligning with the 2030 renewable targets.​

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
Shell
JAX Incorporated
Manak Petro Chem (India).
NANDAN PETROCHEM LTD
CASTROL LIMITED
Phillips 66 Company
TotalEnergies

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Lubricants Market:

By Type: Industrial Oils, Automotive Oils, Marine Oils, Aerospace Oils.

By Grade: Mineral, Synthetic, Semi-Synthetic.

By End User: Transportation, Industrial.

Regional Analysis:

⇥ 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)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Lubricants market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Lubricants Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Lubricants market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Lubricants Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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