Lubricants Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: November 2, 2020 |

The global lubricants market size was accounted for over USD 125 billion in 2019 and projected to grow at the CAGR of 3.3% market during the forecast 2020-2027. The lubricants market is expected to witness significant growth with the proliferation of the transportation sector. Growth in disposable income of the middle class is resulting in higher spending on various commodities, travel, cars, consumer goods, and other services. Rapid growth in the number of passenger vehicles and passenger aircraft due to increasing disposable income of the middle class especially in emerging economies such as China, India, South Korea, Brazil, and others. Thus, an increasing number of passenger vehicles is expected to fuel the demand for lubricants during the forecast period. Further, increasing movement of goods with growing international trade due to growth in demand for consumer goods fueling the demand for road transport, air cargo, and marine services is subsequently projected to propel the demand for lubricants during the forecast period.

Expeditious development of industries in emerging economies especially in the Asia Pacific and Latin America along with growing industrial production to meet the increasing demand for goods and services globally successively expected to drive the demand for mineral oil lubricants and greases which in turn is anticipated to drive the global lubricants market over the forecast period. However, high prices of bio-based lubricants and synthetic type lubricants are anticipated to restrain the growth of the global lubricants market over the forecast period.

Market Segment Insights:

The global lubricants market for the purpose of this study is studied for product types and applications. Mineral oil, synthetic, bio-based, and grease lubricants are the prime lubricants considered in product type segmentation. On the other hand, transportation, industrial, and others are the application areas where lubricants are used.

Global Lubricants Market Segmentation:

By Product Type, 2018–2027 ($ Million)

  • Mineral Oil Lubricants
  • Synthetic Lubricants
  • Bio-Based Lubricants
  • Greases

By Application, 2018–2027 ($ Million)

  • Transportation
  • Industrial
  • Others

By Geography, 2018-2027 ($ Million)

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Regional Insights:

For the purpose of this study, the global lubricants market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. These regional markets are further sub-segmented into top country-level markets that majorly determine the regional industry trends. Among the considered regional markets, Asia Pacific currently dominates the global lubricants market, with China being the largest country-level market. Rapid growth in the number of passenger and commercial vehicles, industrial production, and increasing internal trade in the region are the factors that predominantly drive the Asia Pacific lubricants market. On the other hand, North America is anticipated to stand at the second position in the global lubricants market accounting for significant share. High purchasing power, strong industrial production are the most prominent market drivers in the region.

Market Competition Assessment:

The major players currently operating in the global lubricants market Royal Dutch Shell plc., Exxon Mobil Corporation, BP P.L.C., Chevron Corporation, Total S.A., Petrochina Company Limited, Lukoil, and others.

List of Key Companies:

  • Royal Dutch Shell plc.
  • Exxon Mobil Corporation
  • BP P.L.C.
  • Chevron Corporation
  • Total S.A.
  • Petrochina Company Limited
  • Lukoil
  • Sinopec Limited.
  • Kuwait Petroleum Corp.
  • Saudi Arabian Oil Company (Aramco)

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Key Questions Answered by Lubricants Market Report

  • Global lubricants market forecasts from 2020-2027
  • Regional lubricants market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East, and Africa, and Latin America
  • Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
  • Lubricants submarket forecasts from 2020-2027 covering the market by product type, by application, and geography
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to lubricants market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level lubricants markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the lubricants market

(Reports will be updated due to COVID-19 impacts on the market)

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Table of Content:


1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
2. Executive Summary
2.1. Global Lubricants Market Snapshot
2.1.1. Global Lubricants Market, by Product Type, 2019
2.1.2. Global Lubricants Market, by Application, 2019
2.1.3. Global Lubricants Market, by Geography, 2019
2.1.4. Key Players
2.1.5. Drivers, Restrains & Future Prospects
3. Global Lubricants Market Dynamics
3.1. Preface
3.1.1. Market Definition
3.1.2. Market Size & Forecast, 2015-2025
3.2. Drivers
3.3. Challenges
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Global Production vs. Consumption Scenario
3.7. Export Import Scenario of Key Regions
3.8. Porter’s Five Force Analysis
3.8.1. Bargaining Power Of Suppliers
3.8.2. Bargaining Power Of Buyers
3.8.3. Threat Of Substitutes
3.8.4. Threat Of New Entrants
3.8.5. Industry Rivalry
4. Global Lubricants Market Size & Forecast (Million Tons) ($ Billion), By Product Type, 2018-2027
4.1. Overview
4.1.1. Market Share Analysis, by Product Type, 2019 vs. 2027
4.1.2. Attractive Investment Proposition, by Product Type
4.2. Mineral Oil Lubricants
4.3. Synthetic Lubricants
4.4. Bio-Based Lubricants
4.5. Greases
5. Global Lubricants Market Size & Forecast (Million Tons) ($ Billion), By Application, 2018-2027
5.1. Overview
5.1.1. Market Share Analysis by Application, 2019 vs. 2027
5.1.2. Attractive Investment Proposition, by Application
5.2. Transportation
5.3. Industrial
5.4. Others
6. Global Lubricants Market Size & Forecast (Million Tons) ($ Billion), By Geography, 2018-2027
6.1. Overview
6.1.1. Market Share Analysis by Geography, 2019 vs. 2027
6.1.2. Attractive Investment Proposition, by Geography
6.2. North America Lubricants Market Analysis, 2018-2027
6.2.1. North America Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Country, 2018-2027
6.2.1.1. U.S.
6.2.1.2. Canada
6.2.2. North America Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Product Type, 2018-2027
6.2.2.1. Mineral Oil Lubricants
6.2.2.2. Synthetic Lubricants
6.2.2.3. Bio-Based Lubricants
6.2.2.4. Greases
6.2.3. North America Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Application, 2018-2027
6.2.3.1. Transportation
6.2.3.2. Industrial
6.2.3.3. Others
6.3. Europe Lubricants Market Analysis, 2018-2027
6.3.1. Europe Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Country, 2018-2027
6.3.1.1. U.K.
6.3.1.2. Germany
6.3.1.3. Italy
6.3.1.4. France
6.3.1.5. Russia
6.3.1.6. Rest of Europe
6.3.2. Europe Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Product Type, 2018-2027
6.3.2.1. Mineral Oil Lubricants
6.3.2.2. Synthetic Lubricants
6.3.2.3. Bio-Based Lubricants
6.3.2.4. Greases
6.3.3. Europe Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Application, 2018-2027
6.3.3.1. Transportation
6.3.3.2. Industrial
6.3.3.3. Others
6.4. Asia Pacific Lubricants Market Analysis , 2018-2027
6.4.1. Asia Pacific Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Country, 2018-2027
6.4.1.1. China
6.4.1.2. India
6.4.1.3. Japan
6.4.1.4. Rest of Asia Pacific
6.4.2. Asia Pacific Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Product Type, 2018-2027
6.4.2.1. Mineral Oil Lubricants
6.4.2.2. Synthetic Lubricants
6.4.2.3. Bio-Based Lubricants
6.4.2.4. Greases
6.4.3. Asia Pacific Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Application, 2018-2027
6.4.3.1. Transportation
6.4.3.2. Industrial
6.4.3.3. Others
6.5. Latin America Lubricants Market Analysis , 2018-2027
6.5.1. Latin America Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Country, 2018-2027
6.5.1.1. Brazil
6.5.1.2. Mexico
6.5.1.3. Rest of Latin America
6.5.2. Latin America Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Product Type, 2018-2027
6.5.2.1. Mineral Oil Lubricants
6.5.2.2. Synthetic Lubricants
6.5.2.3. Bio-Based Lubricants
6.5.2.4. Greases
6.5.3. Latin America Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Application, 2018-2027
6.5.3.1. Transportation
6.5.3.2. Industrial
6.5.3.3. Others
6.6. Middle East & Africa (MEA) Lubricants Market Analysis , 2018-2027
6.6.1. MEA Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Region, 2018-2027
6.6.1.1. GCC
6.6.1.2. Rest of MEA
6.6.2. MEA Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Product Type, 2018-2027
6.6.2.1. Mineral Oil Lubricants
6.6.2.2. Synthetic Lubricants
6.6.2.3. Bio-Based Lubricants
6.6.2.4. Greases
6.6.3. MEA Lubricants Market Size & Forecast (Million Tons) ($ Billion), by Application, 2018-2027
6.6.3.1. Transportation
6.6.3.2. Industrial
6.6.3.3. Others
7. Company Profiles
7.1. Competitive Dashboard
7.2. Key Players
7.2.1. Royal Dutch Shell plc.
7.2.1.1. Business Description
7.2.1.2. Financial Information*
7.2.1.3. Product Portfolio
7.2.1.4. Key Developments/ Business Strategies
7.2.2. Exxon Mobil Corporation
7.2.3. BP P.L.C.
7.2.4. Chevron Corporation
7.2.5. Total S.A.
7.2.6. Petrochina Company Limited
7.2.7. Lukoil
7.2.8. Sinopec Limited.
7.2.9. Kuwait Petroleum Corp.
7.2.10. Saudi Arabian Oil Company (Aramco)
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