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市場調查報告書
商品編碼
1527166

潤滑油市場 - 全球產業規模、佔有率、趨勢、機會和預測，按組別、基礎庫存、產品類型、最終用戶（按地區和競爭）細分，2019-2029F

Lubricants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Group, By Base Stock, By Product Type, By End User By Region & Competition, 2019-2029F
出版日期: | 出版商: TechSci Research | 英文 189 Pages | 商品交期: 2-3個工作天內

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簡介目錄

2023年全球潤滑油市場價值為1,231.0億美元，預計2029年將達到1,539.4億美元，到2029年的預測期內複合年成長率為3.63%。

市場概況
預測期 2026-2030
2023 年市場規模 1,231億美元
2029 年市場規模 1539.4億美元
2024-2029 年複合年成長率 3.63%
成長最快的細分市場 重型設備
最大的市場 亞太地區

潤滑油市場涵蓋涉及潤滑油生產、分銷和消費的行業，潤滑油是用於減少機械部件之間摩擦和磨損的物質。潤滑劑的來源多種多樣，包括石油基材料、合成材料和生物基材料。它們在許多應用中都至關重要，包括汽車引擎、工業機械和消費品。

該市場的特點是產品種類繁多，例如引擎油、變速箱油和液壓油，每種產品都是根據特定的操作需求量身定做的。潤滑油市場受到技術進步、監管標準以及轉向更永續和環保解決方案等因素的影響。

市場成長的主要驅動力包括汽車和工業領域對高性能潤滑油的需求不斷成長，以及旨在提高效率和延長設備使用壽命的潤滑油配方創新。市場動態的區域差異是由當地工業活動、環境法規和經濟狀況所決定的。整體而言，潤滑油市場對於維持各行業機械系統的功能和使用壽命至關重要。

主要市場促進因素

潤滑油配方的技術進步

汽車工業的成長

擴大工業活動

主要市場挑戰

環境和監管挑戰

原物料價格波動

主要市場趨勢

環保和生物基潤滑劑的興起

擴大使用合成潤滑油

汽車售後市場的成長

細分市場洞察

集團見解

區域洞察

目錄

第 1 章：產品概述

第 2 章：研究方法

第 3 章：執行摘要

第 4 章：客戶之聲

第 5 章：全球潤滑油市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按組別（第一組、第二組、第三組、第四組、第五組）
    • 依基礎油分類（礦物油潤滑油、合成潤滑油、半合成潤滑油、生物性潤滑油）
    • 依產品類型（引擎油、變速箱油、液壓油、金屬加工液、一般工業油、齒輪油、潤滑脂、製程油、其他）
    • 按最終用戶（發電、汽車、重型設備、食品和飲料、冶金、化學製造、其他）
    • 按地區（亞太地區、北美、南美、中東和非洲、歐洲）
    • 按公司分類 (2023)
  • 市場地圖

第 6 章：北美潤滑油市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按組別
    • 按基礎油分類
    • 依產品類型
    • 按最終用戶
    • 按國家/地區
  • 北美：國家分析
    • 美國
    • 加拿大
    • 墨西哥

第 7 章：歐洲潤滑油市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按組別
    • 按基礎油分類
    • 依產品類型
    • 按最終用戶
    • 按國家/地區
  • 歐洲：國家分析
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙

第 8 章：亞太地區潤滑油市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按組別
    • 按基礎油分類
    • 依產品類型
    • 按最終用戶
    • 按國家/地區
  • 亞太地區：國家分析
    • 中國
    • 印度
    • 日本
    • 韓國
    • 澳洲

第 9 章：南美洲潤滑油市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按組別
    • 按基礎油分類
    • 依產品類型
    • 按最終用戶
    • 按國家/地區
  • 南美洲：國家分析
    • 巴西
    • 阿根廷
    • 哥倫比亞

第 10 章：中東和非洲潤滑油市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按組別
    • 按基礎油分類
    • 依產品類型
    • 按最終用戶
    • 按國家/地區
  • 中東和非洲：國家分析
    • 南非
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 科威特
    • 土耳其

第 11 章：市場動態

  • 促進要素
  • 挑戰

第 12 章：市場趨勢與發展

第 13 章：公司簡介

  • ExxonMobil Corporation
  • Shell Plc
  • TotalEnergies SE
  • Chevron Corporation
  • Castrol Limited
  • Petroleo Brasileiro SA
  • Cummins Inc.
  • Eni SpA
  • Idemitsu Kosan Co., Ltd.
  • Sasol Limited

第 14 章：策略建議

第15章調查會社について,免責事項

簡介目錄
Product Code: 24552

Global Lubricants Market was valued at USD 123.10 billion in 2023 and is expected to reach USD 153.94 billion in 2029 with a CAGR of 3.63% during the forecast period through 2029.

Market Overview
Forecast Period2026-2030
Market Size 2023USD 123.10 Billion
Market Size 2029USD 153.94 Billion
CAGR 2024-20293.63%
Fastest Growing SegmentHeavy Equipment
Largest MarketAsia Pacific

The lubricants market encompasses the industry involved in the production, distribution, and consumption of lubricants, which are substances used to reduce friction and wear between mechanical components. Lubricants can be derived from various sources, including petroleum-based, synthetic, and bio-based materials. They are essential in numerous applications, including automotive engines, industrial machinery, and consumer products.

This market is characterized by its diverse range of products, such as engine oils, transmission fluids, and hydraulic fluids, each tailored to specific operational needs. The lubricants market is influenced by factors such as technological advancements, regulatory standards, and shifts towards more sustainable and environmentally friendly solutions.

Key drivers of market growth include the increasing demand for high-performance lubricants in automotive and industrial sectors, along with innovations in lubricant formulations aimed at enhancing efficiency and extending equipment lifespan. Regional variations in market dynamics are shaped by local industrial activities, environmental regulations, and economic conditions. Overall, the lubricants market is integral to maintaining the functionality and longevity of mechanical systems across various industries.

Key Market Drivers

Technological Advancements in Lubricant Formulations

Technological advancements play a crucial role in driving the global lubricants market. Continuous research and development efforts have led to the creation of advanced lubricant formulations that offer superior performance and efficiency compared to traditional products. Modern lubricants are engineered to meet the increasing demands of high-performance engines and machinery, which require products that can withstand extreme temperatures, pressures, and operating conditions.

Synthetic lubricants, for instance, represent a significant technological advancement. Unlike conventional mineral oils, synthetic lubricants are designed at the molecular level to provide enhanced lubrication properties, such as better viscosity stability and improved thermal resistance. This results in reduced engine wear, better fuel efficiency, and longer oil change intervals. These benefits are particularly important in the automotive sector, where stringent emission standards and fuel efficiency regulations drive the demand for high-performance lubricants.

The development of bio-based and eco-friendly lubricants aligns with the growing emphasis on sustainability and environmental protection. These lubricants are derived from renewable resources and are designed to minimize environmental impact while delivering comparable or superior performance to traditional options. This shift not only meets regulatory requirements but also appeals to environmentally conscious consumers and businesses.

Technological advancements also include innovations in additive technologies. Additives enhance the performance characteristics of base oils, such as improving their lubricating properties, reducing friction, and preventing corrosion. The integration of advanced additives into lubricant formulations helps address specific challenges faced by modern machinery and engines, further driving market growth.

The continuous evolution of lubricant technologies ensures that products remain relevant and effective in meeting the needs of various industries. As technology continues to advance, the lubricants market is expected to experience sustained growth, driven by the demand for more efficient, durable, and environmentally friendly lubricant solutions.

Growth of the Automotive Industry

The growth of the automotive industry is a significant driver of the global lubricants market. As the number of vehicles on the road increases, so does the demand for lubricants used in automotive engines and other critical components. This growth is fueled by several factors, including rising disposable incomes, urbanization, and increasing global demand for transportation.

Automobiles require a range of lubricants, including engine oils, transmission fluids, and gear oils, to ensure optimal performance and longevity. Engine oils, in particular, are essential for reducing friction, preventing wear, and maintaining engine efficiency. With the proliferation of advanced engine technologies and the introduction of new vehicle models, there is a growing need for high-performance lubricants that can meet the demands of modern engines.

The rise in vehicle sales, particularly in emerging markets such as Asia-Pacific and Latin America, contributes significantly to the increased demand for automotive lubricants. These regions are experiencing rapid economic growth and infrastructure development, leading to higher vehicle ownership rates and, consequently, greater lubricant consumption.

Advancements in automotive technology, such as the development of electric and hybrid vehicles, are influencing the lubricants market. While electric vehicles require fewer lubricants compared to traditional internal combustion engines, there is still a need for specialized lubricants for electric drivetrains and battery cooling systems. This evolving market segment presents new opportunities for lubricant manufacturers to innovate and cater to the specific needs of electric and hybrid vehicles.

The automotive industry's emphasis on fuel efficiency, reduced emissions, and longer service intervals also drives the demand for advanced lubricants. As regulatory standards become more stringent, manufacturers are compelled to develop lubricants that meet higher performance criteria while contributing to overall vehicle efficiency.

The growth of the automotive industry, driven by increased vehicle ownership, technological advancements, and evolving market demands, is a key factor propelling the global lubricants market forward. As automotive trends continue to evolve, lubricant manufacturers must adapt to meet the changing needs of the industry.

Expansion of Industrial Activities

The expansion of industrial activities is a significant driver of the global lubricants market. Industrial machinery and equipment rely heavily on lubricants to ensure smooth operation, reduce wear and tear, and extend service life. As industrial sectors grow and diversify, so does the demand for a wide range of lubricants tailored to specific applications.

Several factors contribute to the expansion of industrial activities. Firstly, the ongoing industrialization in emerging economies such as China, India, and Southeast Asian countries is driving the need for lubricants. These regions are experiencing rapid economic development, increased manufacturing activities, and infrastructure projects, all of which require reliable lubrication solutions to maintain machinery performance and operational efficiency.

In addition to traditional manufacturing industries, the rise of advanced industries such as aerospace, defense, and renewable energy is further boosting lubricant demand. These sectors often require specialized lubricants that can withstand extreme conditions, high temperatures, and corrosive environments. For example, lubricants used in aerospace applications must meet stringent performance standards to ensure safety and reliability in flight.

The mining and construction industries also significantly contribute to the growth of the lubricants market. Heavy machinery used in mining and construction operations demands robust lubricants capable of enduring harsh operating conditions, including high loads, extreme temperatures, and exposure to contaminants. The demand for lubricants in these sectors is closely tied to the level of infrastructure development and resource extraction activities.

Technological advancements in industrial processes, such as automation and robotics, are influencing the lubricants market. As industries adopt more sophisticated machinery and automated systems, there is a need for high-performance lubricants that can optimize machinery operation and reduce maintenance requirements.

The expansion of industrial activities, driven by economic growth, infrastructure development, and technological advancements, is a key factor fueling the global lubricants market. As industries continue to evolve and expand, the demand for specialized and high-performance lubricants is expected to grow, presenting opportunities for manufacturers to innovate and address emerging market needs.

Key Market Challenges

Environmental and Regulatory Challenges

The global lubricants market faces significant environmental and regulatory challenges that impact product development, market dynamics, and operational practices. As environmental awareness grows and regulatory frameworks become more stringent, lubricant manufacturers must navigate a complex landscape of compliance and sustainability requirements.

One major challenge is adhering to increasingly strict environmental regulations. Governments and regulatory bodies worldwide are implementing policies aimed at reducing the environmental impact of lubricants. These regulations cover a broad range of aspects, including emissions, waste management, and the use of hazardous substances. For instance, the European Union's REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) and the U.S. Environmental Protection Agency's (EPA) regulations impose rigorous standards on chemical substances used in lubricants. Compliance with these regulations often requires significant investments in research, development, and testing to ensure products meet safety and environmental criteria.

The push towards more sustainable and eco-friendly lubricants adds another layer of complexity. Bio-based lubricants, derived from renewable resources, are gaining traction as a response to environmental concerns. However, developing and producing these alternatives can be challenging due to higher production costs and limited availability of raw materials. Furthermore, bio-based lubricants often face performance and stability challenges compared to traditional petroleum-based products. Manufacturers must balance environmental benefits with performance requirements, which can be a significant hurdle.

The disposal and recycling of used lubricants pose environmental challenges. Improper disposal of used lubricants can lead to soil and water contamination, which has prompted regulatory bodies to enforce stricter waste management practices. Companies are required to implement effective recycling programs and waste disposal strategies, which can increase operational costs and complexity.

In response to these challenges, the lubricants industry is investing in innovation to develop more sustainable products and processes. This includes advancements in additive technologies, biodegradable formulations, and improved recycling methods. However, navigating the evolving regulatory landscape and meeting environmental expectations remains a significant challenge for the global lubricants market, impacting both product development and market competitiveness.

Fluctuating Raw Material Prices

Fluctuating raw material prices represent a major challenge for the global lubricants market, impacting production costs, pricing strategies, and overall market stability. Lubricants are primarily derived from petroleum-based products, but there is also an increasing use of synthetic and bio-based materials, each subject to its own market dynamics.

The prices of petroleum-based raw materials, such as crude oil and its derivatives, are highly volatile and influenced by a range of factors, including geopolitical events, supply and demand imbalances, and fluctuations in global oil markets. For instance, geopolitical tensions in major oil-producing regions or changes in production levels by key players like OPEC can lead to significant swings in crude oil prices. These fluctuations directly affect the cost of petroleum-based base oils used in lubricants, leading to unpredictable production costs for manufacturers.

In addition to crude oil price volatility, the prices of other key raw materials, such as additives and chemical compounds used in lubricant formulations, can also fluctuate due to market demand and supply conditions. For example, the cost of additives may rise due to shortages or increased demand in other industries, impacting the overall cost structure of lubricant products.

The volatility in raw material prices poses several challenges for lubricant manufacturers. First, it affects the pricing strategy of lubricants, as companies must adjust their prices to reflect changes in production costs. This can impact market competitiveness, especially in price-sensitive segments. Second, fluctuating raw material prices create uncertainty in long-term planning and budgeting, making it challenging for manufacturers to maintain stable profit margins and investment strategies.

To mitigate the impact of raw material price fluctuations, manufacturers may employ various strategies, such as securing long-term supply contracts, investing in alternative raw materials, and optimizing production processes to reduce dependency on volatile inputs. Additionally, advancements in synthetic and bio-based lubricants offer potential solutions to reduce reliance on traditional petroleum-based raw materials. However, managing the complexities associated with raw material price fluctuations remains a significant challenge for the global lubricants market, influencing operational efficiency and market stability.

Key Market Trends

Rise of Eco-Friendly and Bio-Based Lubricants

One of the most significant trends in the global lubricants market is the increasing demand for eco-friendly and bio-based lubricants. As environmental awareness grows and regulatory pressures mount, both consumers and businesses are seeking sustainable alternatives to traditional petroleum-based lubricants.

Bio-based lubricants, derived from renewable resources such as vegetable oils and animal fats, are gaining traction due to their lower environmental impact. These lubricants offer several advantages, including biodegradability, reduced toxicity, and lower carbon footprint compared to conventional lubricants. The growing emphasis on sustainability and corporate social responsibility is driving the adoption of these products across various industries, including automotive, industrial, and marine sectors.

Regulatory frameworks are also pushing for greener lubricant solutions. Governments around the world are implementing stricter environmental regulations and promoting initiatives that encourage the use of sustainable products. For instance, the European Union's Ecolabel and the U.S. Environmental Protection Agency's (EPA) Design for the Environment (DfE) program highlight and certify environmentally friendly lubricants, influencing market trends and consumer preferences.

Despite the benefits, the adoption of bio-based lubricants faces challenges. These include higher production costs, limited raw material availability, and performance concerns compared to traditional petroleum-based lubricants. Manufacturers are investing in research and development to address these issues and improve the performance and cost-effectiveness of bio-based lubricants.

The shift towards eco-friendly and bio-based lubricants reflects a broader trend towards sustainability in the global lubricants market. As environmental regulations become more stringent and consumer preferences evolve, the demand for these innovative products is expected to continue growing, driving the market towards greener solutions.

Increasing Use of Synthetic Lubricants

The increasing use of synthetic lubricants is another prominent trend in the global lubricants market. Synthetic lubricants, which are chemically engineered to provide superior performance compared to conventional mineral oils, are gaining popularity across various applications due to their enhanced properties and benefits.

Synthetic lubricants are formulated to offer better viscosity stability, thermal resistance, and reduced friction compared to traditional lubricants. This results in improved performance and efficiency, making them particularly suitable for high-performance engines and machinery that operate under extreme conditions. For example, in the automotive industry, synthetic engine oils help enhance fuel efficiency, reduce engine wear, and extend oil change intervals, aligning with stringent emission standards and performance requirements.

The growing trend towards synthetic lubricants is also driven by advancements in technology and increased availability of synthetic base stocks. Innovations in additive technologies have further enhanced the performance characteristics of synthetic lubricants, making them a preferred choice for demanding applications.

In addition to automotive applications, synthetic lubricants are increasingly used in industrial sectors, including aerospace, marine, and manufacturing. These lubricants offer superior protection and performance in high-temperature and high-pressure environments, contributing to their growing adoption.

While synthetic lubricants offer numerous advantages, they also come with higher costs compared to conventional lubricants. This price differential can be a barrier for some consumers, particularly in cost-sensitive markets. However, the long-term benefits of synthetic lubricants, such as extended equipment life and reduced maintenance, often outweigh the initial cost, driving their adoption.

The increasing use of synthetic lubricants reflects a trend towards higher performance and efficiency in the global lubricants market. As technology continues to advance and the demand for high-performance solutions grows, synthetic lubricants are expected to play an increasingly important role across various industries.

Growth of the Automotive Aftermarket

The growth of the automotive aftermarket is a significant trend influencing the global lubricants market. The automotive aftermarket, which includes the supply and distribution of replacement parts, accessories, and services, is experiencing robust growth driven by increasing vehicle ownership, longer vehicle lifecycles, and rising demand for maintenance and repair services.

Lubricants play a crucial role in the automotive aftermarket, as they are essential for vehicle maintenance and repair. Engine oils, transmission fluids, and other automotive lubricants are in constant demand to ensure the proper functioning and longevity of vehicles. As the number of vehicles on the road continues to rise, so does the need for aftermarket lubricants.

Several factors contribute to the growth of the automotive aftermarket. Firstly, the increasing average age of vehicles on the road leads to higher maintenance and repair needs. Older vehicles require more frequent oil changes and fluid replacements, driving demand for automotive lubricants. Secondly, the growing trend towards vehicle customization and performance enhancement drives the need for specialized lubricants that meet specific performance criteria.

The rise in vehicle ownership in emerging markets, such as Asia-Pacific and Latin America, is contributing to the expansion of the automotive aftermarket. These regions are experiencing rapid economic growth and increased disposable incomes, leading to higher vehicle sales and a growing aftermarket for maintenance products.

The automotive aftermarket is also benefiting from the expansion of online retail and e-commerce platforms. Consumers can now easily access and purchase lubricants and other automotive products through online channels, increasing market reach and convenience.

The growth of the automotive aftermarket is a key trend in the global lubricants market, driven by rising vehicle ownership, longer vehicle lifecycles, and increasing maintenance needs. As the aftermarket continues to expand, the demand for automotive lubricants is expected to remain strong, presenting opportunities for manufacturers and distributors in the industry.

Segmental Insights

Group Insights

The Group I segment held the largest Market share in 2023. Group I base oils have historically dominated the global lubricants market due to their cost-effectiveness and widespread availability. Group I base oils are produced through solvent refining processes, which are relatively less complex and more economical compared to other refining methods. This affordability made Group I base oils a popular choice for a wide range of applications, particularly in the automotive and industrial sectors where cost considerations are significant.

Group I base oils typically exhibit adequate performance characteristics for many conventional lubricant applications, including good lubricating properties, moderate stability, and acceptable levels of impurities. Their versatility and broad application range contributed to their dominance in the market. Additionally, the infrastructure and technology for producing Group I base oils were well-established, further reinforcing their widespread use.

Another factor contributing to the dominance of Group I base oils was the relatively lower performance requirements and regulatory standards in previous decades. As lubricant specifications and regulations have evolved, there was less pressure on the performance and environmental characteristics of base oils, making Group I oils sufficient for many applications.

As the global lubricants market has evolved, there has been a significant shift towards higher-quality base oils, particularly Group II and Group III. This change is driven by stricter performance standards, environmental regulations, and increasing consumer and industry demands for higher-performance and more environmentally friendly lubricants. Group II and Group III base oils offer improved stability, lower volatility, and better overall performance compared to Group I base oils.

Despite this shift, Group I base oils continue to hold a notable share of the market due to their cost advantages and suitability for less demanding applications. They remain a viable option for applications where the performance benefits of higher-grade base oils are not critical.

Regional Insights

Asia-Pacific region held the largest market share in 2023. Asia-Pacific, particularly countries like China and India, has experienced significant economic growth and industrialization over the past few decades. This economic expansion has led to increased manufacturing activities and infrastructure development, both of which drive substantial demand for lubricants. Industrial machinery, automotive engines, and other equipment require lubricants to maintain operational efficiency and longevity.

The region is witnessing a surge in vehicle ownership, driven by rising disposable incomes and urbanization. As more people in Asia-Pacific acquire vehicles, there is a corresponding increase in the demand for automotive lubricants, including engine oils, transmission fluids, and gear oils. This growth is particularly evident in emerging markets where vehicle sales are growing rapidly.

The automotive aftermarket in Asia-Pacific is growing due to the increasing average age of vehicles and the rising demand for maintenance and repair services. As vehicles age, they require more frequent lubrication and servicing, boosting demand for automotive lubricants. Additionally, the growth of the aftermarket sector is supported by expanding distribution networks and increased availability of lubricant products.

Asia-Pacific is a major hub for lubricant manufacturing, with numerous global and regional players establishing production facilities in the region. The presence of advanced manufacturing infrastructure and cost-effective production capabilities allows for competitive pricing and better market penetration.

The region is adapting to global regulatory standards and trends, including the shift towards more environmentally friendly and high-performance lubricants. This adaptation supports market growth and aligns with international trends, contributing to the dominance of Asia-Pacific in the global lubricants market.

Key Market Players

ExxonMobil Corporation

Shell Plc

TotalEnergies SE

Chevron Corporation

Castrol Limited

Petroleo Brasileiro S.A.

Cummins Inc.

Eni S.p.A

Idemitsu Kosan Co., Ltd.

Sasol Limited

Report Scope:

In this report, the Global Lubricants Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Lubricants Market, By Group:

    Group I Group II Group III Group IV Group V

Lubricants Market, By Base Stock:

    Mineral Oil Lubricants Synthetic Lubricants Semi-Synthetic Lubricants Bio-Based Lubricants

Lubricants Market, By Product Type:

    Engine Oil Transmission Hydraulic Fluid Metalworking Fluid General Industrial Oil Gear Oil Grease Process Oil Others

Lubricants Market, By End User:

    Power Generation Automotive Heavy Equipment Food & Beverage Metallurgy Chemical Manufacturing Others

Lubricants Market, By Region:

    North America
    • United States
    • Canada
    • Mexico
    Europe
    • France
    • United Kingdom
    • Italy
    • Germany
    • Spain
    Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    South America
    • Brazil
    • Argentina
    • Colombia
    Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
    • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Lubricants Market.

Available Customizations:

Global Lubricants Market report with the given Market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional Market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
  • 1.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Formulation of the Scope
  • 2.4. Assumptions and Limitations
  • 2.5. Sources of Research
    • 2.5.1. Secondary Research
    • 2.5.2. Primary Research
  • 2.6. Approach for the Market Study
    • 2.6.1. The Bottom-Up Approach
    • 2.6.2. The Top-Down Approach
  • 2.7. Methodology Followed for Calculation of Market Size & Market Shares
  • 2.8. Forecasting Methodology
    • 2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Lubricants Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Group (Group I, Group II, Group III, Group IV, Group V)
    • 5.2.2. By Base Stock (Mineral Oil Lubricants, Synthetic Lubricants, Semi-Synthetic Lubricants, Bio-Based Lubricants)
    • 5.2.3. By Product Type (Engine Oil, Transmission, Hydraulic Fluid, Metalworking Fluid, General Industrial Oil, Gear Oil, Grease, Process Oil, Others)
    • 5.2.4. By End User (Power Generation, Automotive, Heavy Equipment, Food & Beverage, Metallurgy, Chemical Manufacturing, Others)
    • 5.2.5. By Region (Asia Pacific, North America, South America, Middle East &Africa, Europe)
    • 5.2.6. By Company (2023)
  • 5.3. Market Map

6. North America Lubricants Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Group
    • 6.2.2. By Base Stock
    • 6.2.3. By Product Type
    • 6.2.4. By End User
    • 6.2.5. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Lubricants Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Group
        • 6.3.1.2.2. By Base Stock
        • 6.3.1.2.3. By Product Type
        • 6.3.1.2.4. By End User
    • 6.3.2. Canada Lubricants Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Group
        • 6.3.2.2.2. By Base Stock
        • 6.3.2.2.3. By Product Type
        • 6.3.2.2.4. By End User
    • 6.3.3. Mexico Lubricants Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Group
        • 6.3.3.2.2. By Base Stock
        • 6.3.3.2.3. By Product Type
        • 6.3.3.2.4. By End User

7. Europe Lubricants Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Group
    • 7.2.2. By Base Stock
    • 7.2.3. By Product Type
    • 7.2.4. By End User
    • 7.2.5. By Country
  • 7.3. Europe: Country Analysis
    • 7.3.1. Germany Lubricants Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Group
        • 7.3.1.2.2. By Base Stock
        • 7.3.1.2.3. By Product Type
        • 7.3.1.2.4. By End User
    • 7.3.2. United Kingdom Lubricants Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Group
        • 7.3.2.2.2. By Base Stock
        • 7.3.2.2.3. By Product Type
        • 7.3.2.2.4. By End User
    • 7.3.3. Italy Lubricants Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Group
        • 7.3.3.2.2. By Base Stock
        • 7.3.3.2.3. By Product Type
        • 7.3.3.2.4. By End User
    • 7.3.4. France Lubricants Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Group
        • 7.3.4.2.2. By Base Stock
        • 7.3.4.2.3. By Product Type
        • 7.3.4.2.4. By End User
    • 7.3.5. Spain Lubricants Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Group
        • 7.3.5.2.2. By Base Stock
        • 7.3.5.2.3. By Product Type
        • 7.3.5.2.4. By End User

8. Asia-Pacific Lubricants Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Group
    • 8.2.2. By Base Stock
    • 8.2.3. By Product Type
    • 8.2.4. By End User
    • 8.2.5. By Country
  • 8.3. Asia-Pacific: Country Analysis
    • 8.3.1. China Lubricants Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Group
        • 8.3.1.2.2. By Base Stock
        • 8.3.1.2.3. By Product Type
        • 8.3.1.2.4. By End User
    • 8.3.2. India Lubricants Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Group
        • 8.3.2.2.2. By Base Stock
        • 8.3.2.2.3. By Product Type
        • 8.3.2.2.4. By End User
    • 8.3.3. Japan Lubricants Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Group
        • 8.3.3.2.2. By Base Stock
        • 8.3.3.2.3. By Product Type
        • 8.3.3.2.4. By End User
    • 8.3.4. South Korea Lubricants Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Group
        • 8.3.4.2.2. By Base Stock
        • 8.3.4.2.3. By Product Type
        • 8.3.4.2.4. By End User
    • 8.3.5. Australia Lubricants Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Group
        • 8.3.5.2.2. By Base Stock
        • 8.3.5.2.3. By Product Type
        • 8.3.5.2.4. By End User

9. South America Lubricants Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Group
    • 9.2.2. By Base Stock
    • 9.2.3. By Product Type
    • 9.2.4. By End User
    • 9.2.5. By Country
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Lubricants Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Group
        • 9.3.1.2.2. By Base Stock
        • 9.3.1.2.3. By Product Type
        • 9.3.1.2.4. By End User
    • 9.3.2. Argentina Lubricants Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Group
        • 9.3.2.2.2. By Base Stock
        • 9.3.2.2.3. By Product Type
        • 9.3.2.2.4. By End User
    • 9.3.3. Colombia Lubricants Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Group
        • 9.3.3.2.2. By Base Stock
        • 9.3.3.2.3. By Product Type
        • 9.3.3.2.4. By End User

10. Middle East and Africa Lubricants Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Group
    • 10.2.2. By Base Stock
    • 10.2.3. By Product Type
    • 10.2.4. By End User
    • 10.2.5. By Country
  • 10.3. Middle East and Africa: Country Analysis
    • 10.3.1. South Africa Lubricants Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Group
        • 10.3.1.2.2. By Base Stock
        • 10.3.1.2.3. By Product Type
        • 10.3.1.2.4. By End User
    • 10.3.2. Saudi Arabia Lubricants Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Group
        • 10.3.2.2.2. By Base Stock
        • 10.3.2.2.3. By Product Type
        • 10.3.2.2.4. By End User
    • 10.3.3. UAE Lubricants Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Group
        • 10.3.3.2.2. By Base Stock
        • 10.3.3.2.3. By Product Type
        • 10.3.3.2.4. By End User
    • 10.3.4. Kuwait Lubricants Market Outlook
      • 10.3.4.1. Market Size & Forecast
        • 10.3.4.1.1. By Value
      • 10.3.4.2. Market Share & Forecast
        • 10.3.4.2.1. By Group
        • 10.3.4.2.2. By Base Stock
        • 10.3.4.2.3. By Product Type
        • 10.3.4.2.4. By End User
    • 10.3.5. Turkey Lubricants Market Outlook
      • 10.3.5.1. Market Size & Forecast
        • 10.3.5.1.1. By Value
      • 10.3.5.2. Market Share & Forecast
        • 10.3.5.2.1. By Group
        • 10.3.5.2.2. By Base Stock
        • 10.3.5.2.3. By Product Type
        • 10.3.5.2.4. By End User

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

  • 13.1. ExxonMobil Corporation
    • 13.1.1. Business Overview
    • 13.1.2. Key Revenue and Financials
    • 13.1.3. Recent Developments
    • 13.1.4. Key Personnel/Key Contact Person
    • 13.1.5. Key Product/Services Offered
  • 13.2. Shell Plc
    • 13.2.1. Business Overview
    • 13.2.2. Key Revenue and Financials
    • 13.2.3. Recent Developments
    • 13.2.4. Key Personnel/Key Contact Person
    • 13.2.5. Key Product/Services Offered
  • 13.3. TotalEnergies SE
    • 13.3.1. Business Overview
    • 13.3.2. Key Revenue and Financials
    • 13.3.3. Recent Developments
    • 13.3.4. Key Personnel/Key Contact Person
    • 13.3.5. Key Product/Services Offered
  • 13.4. Chevron Corporation
    • 13.4.1. Business Overview
    • 13.4.2. Key Revenue and Financials
    • 13.4.3. Recent Developments
    • 13.4.4. Key Personnel/Key Contact Person
    • 13.4.5. Key Product/Services Offered
  • 13.5. Castrol Limited
    • 13.5.1. Business Overview
    • 13.5.2. Key Revenue and Financials
    • 13.5.3. Recent Developments
    • 13.5.4. Key Personnel/Key Contact Person
    • 13.5.5. Key Product/Services Offered
  • 13.6. Petroleo Brasileiro S.A.
    • 13.6.1. Business Overview
    • 13.6.2. Key Revenue and Financials
    • 13.6.3. Recent Developments
    • 13.6.4. Key Personnel/Key Contact Person
    • 13.6.5. Key Product/Services Offered
  • 13.7. Cummins Inc.
    • 13.7.1. Business Overview
    • 13.7.2. Key Revenue and Financials
    • 13.7.3. Recent Developments
    • 13.7.4. Key Personnel/Key Contact Person
    • 13.7.5. Key Product/Services Offered
  • 13.8. Eni S.p.A
    • 13.8.1. Business Overview
    • 13.8.2. Key Revenue and Financials
    • 13.8.3. Recent Developments
    • 13.8.4. Key Personnel/Key Contact Person
    • 13.8.5. Key Product/Services Offered
  • 13.9. Idemitsu Kosan Co., Ltd.
    • 13.9.1. Business Overview
    • 13.9.2. Key Revenue and Financials
    • 13.9.3. Recent Developments
    • 13.9.4. Key Personnel/Key Contact Person
    • 13.9.5. Key Product/Services Offered
  • 13.10. Sasol Limited
    • 13.10.1. Business Overview
    • 13.10.2. Key Revenue and Financials
    • 13.10.3. Recent Developments
    • 13.10.4. Key Personnel/Key Contact Person
    • 13.10.5. Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer