Global Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2025 - 2030)

The Report Covers Global Lubricants Market Trends & Industry Growth and it is Segmented by End User (Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation), by Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America)

Global Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2025 - 2030)

Lubricants Market Size

Global Lubricants Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 45.80 Billion Liters
Market Volume (2030) 53.40 Billion Liters
CAGR 3.12 %
Market Concentration High

Compare market size and growth of Global Lubricants Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Lubricants Market Analysis

The Global Lubricants Market size is estimated at 45.80 billion liters in 2025, and is expected to reach 53.40 billion liters by 2030, at a CAGR of 3.12% during the forecast period (2025-2030).

  • Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user among all categories due to the high replacement cycles of lubricants used in motor vehicles compared to any other industrial application.
  • Fastest Segment by End-user Industry - Power Generation : Power generation is projected to be the fastest-growing end-user globally due to the increasing demand for low-cost energy from natural gas and wind power plants.
  • Largest Region Market - Asia-Pacific : Asia-Pacific, driven mainly by India, China, and Japan, is the major lubricant-consuming region due to high vehicle ownerships and industrial machinery than any other region.
  • Fastest Growing Region Market - Asia-Pacific : Due to rising urbanization, increased electricity use, and rising vehicle ownership in China and India, Asia-Pacific is projected to be the fastest-growing region.

Largest Region : Asia-Pacific

  • In 2020, Asia-Pacific was the leading consumer of lubricants in the world, accounting for around 46% of the global lubricant consumption. During 2015-2019, lubricant consumption in the Asia-Pacific region increased by around 20%, driven by China, India, and Indonesia.
  • In 2020, the COVID-19 outbreak restrained the operations of several industries, thereby restraining lubricant consumption across the globe. North America was the most affected, with a 13.4% drop in its lubricant consumption, followed by Europe, with an 11.29% drop, during 2019-20.
  • Asia-Pacific is likely to be the fastest-growing lubricants market in Africa during 2021-26, with a CAGR of around 4.3%. The recovering automotive sales and usage combined with growing industrial activities in the region are likely to drive the growth of the Asia-Pacific lubricants market in the near future.

Lubricants Industry Overview

The Global Lubricants Market is fragmented, with the top five companies occupying 38.45%. The major players in this market are BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell PLC (sorted alphabetically).

Lubricants Market Leaders

  1. BP PLC (Castrol)

  2. China National Petroleum Corporation

  3. China Petroleum & Chemical Corporation

  4. ExxonMobil Corporation

  5. Royal Dutch Shell PLC

  6. *Disclaimer: Major Players sorted in no particular order
Global Lubricants Market Concentration
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Lubricants Market News

  • May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.
  • April 2022: FUCHS company introduced AGRI FARM lubricants which are especially suited for high-end agricultural machines.
  • April 2022: FUCHS Lubricants South Africa has introduced new food-grade Renolin SJL Heavy and Renolin SJL Winter lubricants for the sugar processing industry.The new lubricant offers benefits such as equipment longevity and food safety.

Lubricants Market Report - Table of Contents

1. Executive Summary & Key Findings

2. Introduction

  • 2.1 Study Assumptions & Market Definition
  • 2.2 Scope of the Study
  • 2.3 Research Methodology

3. Key Industry Trends

  • 3.1 Automotive Industry Trends
  • 3.2 Manufacturing Industry Trends
  • 3.3 Power Generation Industry Trends
  • 3.4 Regulatory Framework
  • 3.5 Value Chain & Distribution Channel Analysis

4. Market Segmentation

  • 4.1 By End User
    • 4.1.1 Automotive
    • 4.1.2 Heavy Equipment
    • 4.1.3 Metallurgy & Metalworking
    • 4.1.4 Power Generation
    • 4.1.5 Other End-user Industries
  • 4.2 By Product Type
    • 4.2.1 Engine Oils
    • 4.2.2 Greases
    • 4.2.3 Hydraulic Fluids
    • 4.2.4 Metalworking Fluids
    • 4.2.5 Transmission & Gear Oils
    • 4.2.6 Other Product Types
  • 4.3 By Region
    • 4.3.1 Africa
    • 4.3.1.1 Egypt
    • 4.3.1.2 Morocco
    • 4.3.1.3 Nigeria
    • 4.3.1.4 South Africa
    • 4.3.1.5 Rest of Africa
    • 4.3.2 Asia-Pacific
    • 4.3.2.1 China
    • 4.3.2.2 India
    • 4.3.2.3 Indonesia
    • 4.3.2.4 Japan
    • 4.3.2.5 Malaysia
    • 4.3.2.6 South Korea
    • 4.3.2.7 Thailand
    • 4.3.2.8 Vietnam
    • 4.3.2.9 Rest of Asia-Pacific
    • 4.3.3 Europe
    • 4.3.3.1 France
    • 4.3.3.2 Germany
    • 4.3.3.3 Italy
    • 4.3.3.4 Russia
    • 4.3.3.5 Spain
    • 4.3.3.6 United Kingdom
    • 4.3.3.7 Rest of Europe
    • 4.3.4 Middle East
    • 4.3.4.1 Iran
    • 4.3.4.2 Qatar
    • 4.3.4.3 Saudi Arabia
    • 4.3.4.4 Turkey
    • 4.3.4.5 UAE
    • 4.3.4.6 Rest of Middle East
    • 4.3.5 North America
    • 4.3.5.1 Canada
    • 4.3.5.2 Mexico
    • 4.3.5.3 United States
    • 4.3.5.4 Rest of North America
    • 4.3.6 South America
    • 4.3.6.1 Argentina
    • 4.3.6.2 Brazil
    • 4.3.6.3 Rest of South America

5. Competitive Landscape

  • 5.1 Key Strategic Moves
  • 5.2 Market Share Analysis
  • 5.3 Company Profiles
    • 5.3.1 Behran Oil Company
    • 5.3.2 BP PLC (Castrol)
    • 5.3.3 Carl Bechem GmbH
    • 5.3.4 Chevron Corporation
    • 5.3.5 China National Petroleum Corporation
    • 5.3.6 China Petroleum & Chemical Corporation
    • 5.3.7 Coperative Soceite des petroleum
    • 5.3.8 ENEOS Corporation
    • 5.3.9 Eni SpA
    • 5.3.10 ExxonMobil Corporation
    • 5.3.11 FUCHS
    • 5.3.12 Gazprom
    • 5.3.13 GS Caltex
    • 5.3.14 Gulf Oil International
    • 5.3.15 Hindustan Petroleum Corporation Limited
    • 5.3.16 Idemitsu Kosan Co. Ltd
    • 5.3.17 Indian Oil Corporation Limited
    • 5.3.18 Lukoil
    • 5.3.19 Motul
    • 5.3.20 Petromin Corporation
    • 5.3.21 Petronas Lubricants International
    • 5.3.22 Phillips 66 Lubricants
    • 5.3.23 PT Pertamina
    • 5.3.24 PTT Lubricants
    • 5.3.25 Rosneft
    • 5.3.26 Royal Dutch Shell PLC
    • 5.3.27 Terpel
    • 5.3.28 TotalEnergies
    • 5.3.29 Valvoline Inc.
    • 5.3.30 YPF
  • *List Not Exhaustive

6. Appendix

  • 6.1 Appendix-1 References
  • 6.2 Appendix-2 List of Tables & Figures

7. Key Strategic Questions for Lubricants CEOs

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Lubricants Industry Segmentation

By End User Automotive
Heavy Equipment
Metallurgy & Metalworking
Power Generation
Other End-user Industries
By Product Type Engine Oils
Greases
Hydraulic Fluids
Metalworking Fluids
Transmission & Gear Oils
Other Product Types
By Region Africa Egypt
Morocco
Nigeria
South Africa
Rest of Africa
Asia-Pacific China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East Iran
Qatar
Saudi Arabia
Turkey
UAE
Rest of Middle East
North America Canada
Mexico
United States
Rest of North America
South America Argentina
Brazil
Rest of South America
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Lubricants Market Research FAQs

How big is the Global Lubricants Market?

The Global Lubricants Market size is expected to reach 45.80 billion Liters in 2025 and grow at a CAGR of 3.12% to reach 53.40 billion Liters by 2030.

What is the current Global Lubricants Market size?

In 2025, the Global Lubricants Market size is expected to reach 45.80 billion Liters.

Who are the key players in Global Lubricants Market?

BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell PLC are the major companies operating in the Global Lubricants Market.

What years does this Global Lubricants Market cover, and what was the market size in 2024?

In 2024, the Global Lubricants Market size was estimated at 44.37 billion Liters. The report covers the Global Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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Lubricants Industry Report

Statistics for the 2025 Global Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Lubricants analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.

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