Lubricants Market Report 2025 (Global Edition)

Global Lubricants Market Report 2025 Market Size Split by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), by End use Industry (Transportation, Industrial), by Product Type (Engine Oil, Hydraulic...

Lubricants Market Report Description

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Competitive Landscape of the Lubricants Market

The lubricants market boasts a highly competitive landscape characterized by the presence of numerous global and regional players vying for market share and competitive advantage. Key players in the lubricants industry are continually engaged in strategic initiatives such as mergers and acquisitions, product innovations, partnerships, and geographic expansions to strengthen their market position and gain a competitive edge

 

Top Companies Market Share in Lubricants Industry: (In no particular order of Rank)

• Royal Dutch Shell plc.
• ExxonMobil Corporation
• BP p.l.c.
• Chevron Corporation
• PetroChina Company Limited
• Total Energies SE.
• Sinopec Corp
• ENEOS Holdings
• Inc.
• Idemitsu Kosan Co. Ltd.
• Fuchs Petrolub AG
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Lubricants Market.

Which Region Dominates the Lubricants Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America dominates the Lubricants Market due to several key factors. Firstly, the region's robust industrial sector, including manufacturing, automotive, and aerospace industries, drives significant demand for lubricants. Secondly, the presence of major lubricant manufacturers and suppliers, coupled with well-established distribution networks, enhances market accessibility and availability. Additionally, stringent regulatory standards for emissions and environmental protection in North America mandate the use of high-quality lubricants, further boosting market growth. Moreover, the region's strong focus on technological advancements and innovation in lubricant formulations ensures the development of products tailored to meet diverse industry requirements, consolidating North America's position as a dominant player in the global lubricants market.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region in the Lubricants Market primarily due to rapid industrialization and urbanization, driving increased demand from sectors such as automotive, manufacturing, and construction. The region's burgeoning middle class and rising disposable incomes have led to a surge in vehicle ownership and industrial activities, further boosting lubricant consumption. Additionally, the expanding transportation and logistics sectors in countries like China and India have fueled the need for lubricants. Moreover, the increasing focus on sustainable practices and stringent emission regulations are driving the adoption of high-performance lubricants in the region, contributing to its rapid growth in the lubricants market

 

The current report Scope analyzes Lubricants Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Lubricants

According to Cognitive Market Research, the global Lubricants market size was estimated at USD 165815.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 66326.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.2% from 2024 to 2031. In the North America region, the lubricants market is characterized by a mature and well-established industry landscape. The region is a significant consumer of lubricants, driven by its large automotive and industrial sectors. Segmentation analysis reveals that the automotive sector is a major consumer of lubricants in North America, with engine oils and transmission fluids being the dominant product categories. The industrial sector also plays a significant role, particularly in applications such as manufacturing, construction, and mining, where lubricants are essential for the smooth operation of machinery and equipment. In conclusion, the North America lubricants market is driven by its well-developed automotive and industrial sectors. The region's mature market conditions are characterized by a high degree of competition among key players. According to Cognitive Market Research, the US had a major share in the Lubricants market with a market size of USD 52331.28 million in 2024 and is projected to grow at a CAGR of 1.0% during the forecast period. The demand is amplified by the nation's technological advancements in lubricant formulations propel consistent growth. The Canada Lubricants market had a market share of USD 7959.13 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. Canada's robust increasing demand from key end-use industries to increased usage of Lubricants. The Mexico Lubricants market is projected to witness growth at a CAGR of 1.7% during the forecast period with a market size of USD 6035.67 million in 2024.

Europe Lubricants

According to Cognitive Market Research, the global Lubricants market size was estimated at USD 165815.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 49744.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.5% from 2024 to 2031. In the Europe region, the lubricants market is characterized by a mix of mature and emerging economies, each with its own unique dynamics. Countries like Germany, the UK, France, and Italy have well-established automotive and industrial sectors, driving significant demand for lubricants. Segmentation analysis reveals that the automotive sector is the largest consumer of lubricants in Europe, with engine oils and transmission fluids being the most commonly used products. The industrial sector also plays a crucial role, particularly in heavy industries such as manufacturing, mining, and energy, where lubricants are essential for equipment maintenance and performance. In conclusion, the Europe lubricants market is diverse, with varying degrees of market maturity across countries. The market is characterized by intense competition among key players, leading to a focus on product innovation and differentiation.

• The United Kingdom Lubricants market had a market share of USD 8357.09 million in 2024 and is projected to grow at a CAGR of 2.3% during the forecast period. In the UK, Lubricants sales witness an upswing due to the nation's focus on product innovation and differentiation. The France Lubricants market is projected to witness growth at a CAGR of 0.7% during the forecast period with a market size of USD 4576.50 million in 2024.
• According to Cognitive Market Research, the Germany Lubricants market size was valued at USD 9849.42 million in 2024 and is projected to grow at a CAGR of 1.7% during the forecast period. In Germany, Lubricants sales surge due to the nation's rapid industrialization and urbanization.
• The Italy Lubricants market is projected to witness growth at a CAGR of 0.9% during the forecast period with a market size of USD 4278.03 million in 2024.
• The Russia Lubricants market is projected to witness growth at a CAGR of 0.5% during the forecast period with a market size of USD 7710.41 million in 2024.
• The Spain Lubricants market is projected to witness growth at a CAGR of 0.6% during the forecast period with a market size of USD 4079.05 million in 2024. The Luxembourg Lubricants market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 1542.08 million in 2024.
• The Portugal Lubricants market is projected to witness growth at a CAGR of 1.3% during the forecast period with a market size of USD 1044.64 million in 2024.
• The Greece Lubricants market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD 596.93 million in 2024.
• Rest of Europe Lubricants market is projected to witness growth at a CAGR of 0.2% during the forecast period with a market size of USD 7710.41 million in 2024..

Asia Pacific Lubricants

According to Cognitive Market Research, the global Lubricants market size was estimated at USD 165815.2Million out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 38137.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. In the Asia Pacific region, the lubricants market is experiencing robust growth due to rapid industrialization, urbanization, and a burgeoning automotive sector. Countries like China, India, Japan, and South Korea are driving the market forward with their strong manufacturing bases and increasing demand for vehicles. Segmentation analysis reveals a diverse landscape in the Asia Pacific lubricants market. The automotive sector dominates the market, with engine oils and transmission fluids being the most consumed products. In conclusion, the Asia Pacific lubricants market presents immense opportunities for growth, driven by factors such as rapid industrialization, increasing vehicle ownership, and infrastructure development.

• According to Cognitive Market Research, the China Lubricants market size was valued at USD 17161.87 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Lubricants sales surge in China due to the nation's rapid industrialization, increasing vehicle ownership, and infrastructure development.
• The Japan Lubricants market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 5262.97 million in 2024.
• The India Lubricants market had a market share of USD 4576.50 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. The demand is augmented by India's increasing vehicle ownership, and infrastructure development.
• The South Korea Lubricants market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 3813.75 million in 2024. The Australia Lubricants market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 1983.15 million in 2024.
• The South East Asia Lubricants market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD 2631.49 million in 2024.
• The Rest of Asia Pacific Lubricants market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 2707.76 million in 2024..

South America Lubricants

According to Cognitive Market Research, the global Lubricants market size was estimated at USD 165815.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 8290.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031. In the Latin America region, the lubricants market is characterized by a mixed landscape influenced by diverse economic conditions and industrial activities across countries. Brazil, Mexico, Argentina, and Chile are among the key markets in the region, driven by their thriving automotive and manufacturing sectors. Segmentation analysis reveals a varied demand for lubricants across different industries in Latin America. While the automotive sector remains a significant consumer of lubricants, particularly engine oils and transmission fluids, the industrial sector, including manufacturing, mining, and construction, also contributes substantially to the market. In conclusion, the Latin America lubricants market presents both opportunities and challenges for market players. While the region's industrial growth and expanding automotive sector offer growth prospects, factors such as economic volatility, political instability, and environmental regulations pose challenges.

• According to Cognitive Market Research, the Brazil Lubricants market size was valued at USD 3548.45 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Lubricants sales flourish in Brazil due to the nation's growing automotive manufacturing sector and increasing industrialization.
• The Argentina Lubricants market had a market share of USD 1392.85 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. The demand is augmented by Argentina's increasing industrialization.
• The Colombia Lubricants market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 737.88 million in 2024. The Peru Lubricants market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 679.84 million in 2024.
• The Chile Lubricants market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 596.93 million in 2024.
• The Rest of Latin America Lubricants market is projected to witness growth at a CAGR of 1.5% during the forecast period with a market size of USD 1334.81 million in 2024..

Middle East and Africa Lubricants

According to Cognitive Market Research, the global Lubricants market size was estimated at USD 165815.2 Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 3316.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031. In the East and Africa region, the lubricants market exhibits a diverse landscape shaped by varying economic conditions and industrial activities across countries. Segmentation analysis reveals a nuanced demand for lubricants across different industries in East and Africa. While the automotive sector remains a major consumer of lubricants, particularly engine oils and transmission fluids, the industrial sector, including manufacturing, mining, and construction, also contributes significantly to the market. In conclusion, the East and Africa lubricants market present both opportunities and challenges for market players. While the region's industrialization and expanding automotive sector offer growth prospects, factors such as economic volatility, regulatory complexities, and infrastructure limitations pose challenges. The GCC Countries Lubricants market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 1419.38 million in 2024.Lubricants sales flourish due to the region's increasing construction activities. The Egypt Lubricants market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD 348.21 million in 2024. The South Africa Lubricants market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 523.98 million in 2024. Lubricants sales flourish in the South Africa due to the region's increasing industrialization. The Turkey Lubricants market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 285.20 million in 2024. The Nigeria Lubricants market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD 348.21 million in 2024. The Rest of MEA Lubricants market is projected to witness growth at a CAGR of 1.7% during the forecast period with a market size of USD 391.32 million in 2024..

Lubricants Market Analysis

Lubricants Market Base Oil Segment Analysis

According to Cognitive Market Research, Mineral oil remains the dominant category in the lubricants market, owing to its widespread availability, cost-effectiveness, and well-established performance characteristics. Derived from petroleum crude oil, mineral oil lubricants offer excellent lubricating properties and thermal stability, making them suitable for a wide range of applications across various industries. Their versatility and compatibility with different types of machinery and equipment contribute to their continued dominance in the lubricants market.

Synthetic oil emerges as the fastest-growing category in the lubricants market, driven by growing demand for high-performance lubricants with superior properties and enhanced efficiency. Synthetic oils are chemically engineered lubricants formulated from synthesized base oils and advanced additives, offering exceptional thermal stability, oxidation resistance, and lubricating properties. Their ability to withstand extreme operating conditions, including high temperatures and pressures, makes them ideal for modern machinery and automotive applications, where performance and reliability are paramount.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Lubricants Industry. Request a Free Sample PDF!

Lubricants Market End use Industry Segment Analysis

According to Cognitive Market Research, The industrial sector stands as the dominant end-use industry in the lubricants market, driven by a myriad of manufacturing, processing, and operational activities that heavily rely on lubricants for smooth and efficient machinery operation. Industries such as manufacturing, construction, mining, and power generation extensively utilize lubricants to reduce friction, prevent wear and tear, dissipate heat, and ensure optimal performance of machinery and equipment. The diverse range of applications within the industrial sector, coupled with stringent performance requirements and specialized lubrication needs across different operations, contribute to the significant demand for lubricants in this segment.

The transportation sector emerges as the fastest-growing end-use industry in the lubricants market, fueled by escalating demand for automotive lubricants driven by expanding vehicle fleets, increasing vehicle miles traveled, and rising consumer preferences for fuel-efficient and high-performance vehicles. Additionally, the growing emphasis on vehicular emission regulations and engine efficiency standards necessitates the adoption of advanced lubricants to meet stringent requirements and enhance engine performance and durability.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Lubricants Product Type Segment Analysis

According to Cognitive Market Research, Engine oil stands out as the dominating product type in the lubricants market, primarily due to its extensive usage across various industries and applications. Engine oil is essential for maintaining the smooth operation of internal combustion engines by reducing friction, dissipating heat, and preventing corrosion and wear. The automotive sector, including passenger vehicles, commercial vehicles, and off-road vehicles, accounts for a significant portion of engine oil consumption. Additionally, other industries such as construction, mining, and marine also rely heavily on engine oil for the lubrication of their equipment and machinery.

The Grease emerges as the fastest-growing product type in the lubricants market, driven by its unique properties and diverse applications. Grease is a semi-solid lubricant composed of a base oil, thickener, and additives, offering excellent adhesion and sealing properties, making it ideal for applications where conventional oils may not be suitable. The automotive industry is a major consumer of grease, particularly in applications such as wheel bearings, chassis components, and universal joints. Moreover, industries such as manufacturing, construction, and agriculture also use grease for lubricating various equipment and machinery.

• Engine Oil
• Hydraulic Oil
• Metalworking Fluid
• Gear Oil
• Compressor Oil
• Grease
• Turbine Oil
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion