Europe Lubricants Market Trends

Statistics for the 2023 & 2024 Europe Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Europe Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of europe lubricants Industry

This section covers the major market trends shaping the Europe Lubricants Market according to our research experts:

Largest Segment By End User : Automotive

  • In 2020, the European lubricant market was dominated by the automotive industry, which accounted for around 49% of the total lubricant consumption in the region. In 2015-2019, lubricant consumption in the automotive industry increased by around 3.5%.
  • In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 15.7%, followed by heavy equipment (11.45%) during 2019-2020.
  • Power generation is likely to be the fastest-growing end-user industry in the market studied, with a CAGR of 2.54% over the period 2021-2026, followed by automotive (2.49%). In Europe, the expanding power generation capacity, especially renewables capacity, is likely to drive the consumption of lubricants in the power generation industry.
Europe Lubricants Market

Largest Country : Russia

  • In 2020, Russia was the leading consumer of lubricants in the European region, accounting for around 20% of the total lubricant consumption. During 2015-2019, lubricant consumption in Russia increased by around 9%, higher than most countries in the region.
  • In 2020, the COVID-19 pandemic restrained operations of several sectors, thereby restraining lubricant consumption across the European region. Germany was the most affected with a 13.6% drop in its lubricant consumption during 2019-2020, followed by France with a 13.4% drop.
  • France is likely to be the fastest-growing lubricant market during 2021-2026, exhibiting a CAGR of 2.33%, closely followed by Russia (2.32%). The expected recovery in automotive production and sales in France is likely to drive the growth of lubricant consumption in the country.
Europe Lubricants Market

Europe Lubricants Market Size & Share Analysis - Growth Trends & Forecasts Up To 2026