Lubricants Market

Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Engine Oil, Hydraulic Fluid, Metalworking Fluid), End-Use Industry (Transportation and Industrial lubricants), Region - Global Forecast to 2027

Report Code: CH 2730 Nov, 2022, by marketsandmarkets.com

The lubricants market is projected to reach USD 187.9 billion by 2027, at a CAGR of 2.7%. Rapid industrialization in Asia Pacific and the Middle East & Africa post COVID-19, coupled with the rise in process automation in most of the industries and the gradual increase in number of vehicles on-road are key factors expected to drive the global lubricants industry during the forecast period. Furthermore, the growing e-commerce industry and the demand for renewable energy act as an opportunity for the market growth. However, volatile crude oil prices and stringent environmental norms are the major challenges in the lubricants market.

Lubricants Market

e-estimated, p-projected

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Lubricants Market Dynamics

Driver: Increased demand for high performance engines

Internal combustion engine design has advanced greatly since Ford created the first mass-produced car in the early 20th century. Due to engine advancements, the interior engine components are now exposed to significantly higher stress and heat. Due to this, engines now have very high RPMs and need better grade engine oil. In addition, a vehicle's internal transmission system has improved, allowing for a top speed of 150 mph. The technology of the gear system and bearings has also advanced. Better lubricants are required as a result of all these advancements and growth. The lubricants have evolved and expanded as a result of this.

Restraint: Growth in demand of hybrid vehicles and increasing battery price parity

An internal combustion engine (ICE) and an electric motor are both used in hybrid cars to maximise power efficiency and lower pollution. A car's ICE requires lubricants, primarily transmission fluid and engine oil. According to industry experts, the increasing number of hybrid vehicles will practically halve the demand for lubricants per vehicle. The size of the global lubricants market will decline as a result of this reason and rising battery parity. Electric car batteries are relatively expensive, but as technology advances, the price is coming down and the driving range per charge is rising. These elements significantly affect lubricant use. Industry experts claim that the market for lubricants as a whole currently includes more than 40% engine oil.

Opportunity: Demand for renewable energy to positively impact the lubricants market

Turbine oil and transformer oil are few of the industrial lubricants that the power sector uses extensively. Numerous operations make use of lubricants. The potential subsegment of the power generation market is the renewable energy sector. In terms of the total energy mix, wind power generation now makes up a very small portion, but according to the world wind energy association, the industry is expanding at a 10% annual pace and had a capacity of 596,556 megawatts in 2018. Lubricants are necessary for the optimal operation of wind turbines.

“Synthetic oil segment to witness the fastest growth, in terms of value, during the forecast period”

Due to its widespread availability and low price, mineral oil makes up the largest share of the global lubricants market. However, because of its superior qualities, the synthetic oil is anticipated to grow at the highest CAGR during the forecast period.

“Engine oil is projected to be the largest product type segment, in terms of value, during the forecast period”

On the basis of product type, engine oil dominated the global lubricants market, in terms of value and volume, in 2021. The wide usability in the transportation and industrial end-use industry is driving the high demand for engine oil. In addition it finds its major application specifically in construction vehicles in construction industry.

“Transportation is projected to be the largest end-us industry, in terms of value, during the forecast period”

Transportation segment is further sub divided into commercial vehicles, passenger vehicles, marine and railways. The dominance of transportation industry is due to the high demand for lubricants in automotive, marine and railways sector. Furthermore, the growing demand for passenger and commercial vehicles in developing countries is propelling the lubricants market growth.

“Asia Pacific to account for the largest share of the global lubricants market, in terms of value, during the forecast period”

In terms of volume and value, Asia Pacific is projected to hold the largest share of the global lubricants market throughout the forecast period. According to projections, the region will be a prime location for the lubricants business due to its growing population, expanding industrial investment, and the development of its infrastructure in the developing markets of China, India, and Indonesia.

Lubricants Market  by Region

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Key Market Players in Lubricants Market

The key market players profiled in the report include Royal Dutch Shell plc. (Netherlands), ExxonMobil Corporation (U.S.), BP p.l.c. (U.K.), Chevron Corporation (U.S.), PetroChina Company Limited (China), TotalEnergies SE. (France), Sinopec Corp (China), ENEOS Holdings, Inc. (Japan), Idemitsu Kosan Co., Ltd. (Japan), and Fuchs Petrolub AG (Germany).

Lubricants Market Report Scope

Report Metric

Details

Years considered for the study

2016-2027

Base Year Considered

2021

Forecast period

2022-2027

Units considered

Value (USD), Volume (Kiloton)

Segments covered

Base oil, Product Type, End-Use Industry, and Region

Regions covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies profiled

Royal Dutch Shell (Netherlands), ExxonMobil (U.S.), BP PLC (U.K.), Chevron Corporation (U.S.), Total S.A. (France), Petrochina Company Limited (China), Idemitsu Kosan Co. Ltd. (Japan), Sinopec Limited (China), Fuchs Petrolub AG (Germany), Valvoline (U.S.), Lukoil (Russia), Petronas (Malaysia), Gazprom Neft (Russia), Pertamina (Indonesia) and others.

This report categorizes the global lubricants market based on base oil, product type, end-use industry, and region.

Based on base oil:
  • Mineral Oil
  • Synthetic Oil
    • PAO
    • PAG
    • Esters
    • Group III (Hydrocracking)
  • Bio-based Oil
Based on product type:
  • Engine Oil
  • Hydraulic Oil
    • HL
    • HLP
    • HLP-D
    • Fire Resistant
  • Metalworking Fluid
    • Removal Metalworking Fluid
    • Protective Metalworking Fluid
    • Forming Metalworking Fluid
    • Treating Metalworking Fluid
  • Gear Oil
    • Rust & Corrosion inhibited Gear Oil
    • Compounded Gear Oil
    • Extreme Pressure Gear Oil
  • Compressor Oil
  • Grease
    • Metallic Soap Thickener
    • Lithium
    • Calcium
    • Aluminum
    • Sodium
    • Other Metallic Soap
    • Non-Soap Thickener
    • Inorganic Thickener
    • Clay
    • Silica
    • Other Thickeners
  • Turbine Oil
  • Others
    • Transformer Oild
    • Refrigeration Oil
    • Textile Machinery Lubricants
Based on the End-Use Industry:
  • Transportation
    • Commercial vehicles
    • Passenger vehicles
    • Aviation
    • Railways
    • Marine
  • Industrial
    • Construction
    • Mining & Metal
    • Cement Production
    • Power Generation
    • Automobile Manufacturing
    • Chemical
    • Oil & Gas
    • Textile
    • Food Processing
    • Others
Based on the region:
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Arica
  • South America

Recent Development in Lubricants Market

  • In October 2022, TotalEnergies and Valeo have announced an agreement to develop an innovative method for cooling electric vehicle batteries using a new high-performance dielectric liquid. This innovation not only improves the use of electric vehicles, but also reduces the carbon footprint.
  • In October 2021, TotalEnergies Specialties USA partnered with Hyperfuels to market the full range of TotalEnergies automotive lubricants nationwide.
  • In September 2021, TotalEnergies and Great Wall Motors (GWM) developed a custom fluid for GWM's latest "L.E.M.O.N.", Quartz EV-DHTF2. Dedicated hybrid transmission (DHT). This highly integrated, highly efficient, multi-mode petrol-electric hybrid system uses dual-motor hybrid technology for the perfect balance of high efficiency and performance at all speeds and in all scenarios.
  • In April 2021, Valvoline launched ValvolineTM High Mileage 150k with MaxLifeTM Plus Technology Synthetic Blend, the first engine oil specially designed to meet the unique needs of engines with over 150,000 miles. The product's innovative formula reduces oil consumption in older, high mileage engines, while its Moly Additive ProtectionTM provides superior wear protection – increasing both engine performance and power.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 LUBRICANTS MARKET: INCLUSIONS & EXCLUSIONS
           1.2.2 LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY BASE OIL
           1.2.3 LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY PRODUCT TYPE
           1.2.4 LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY END-USE INDUSTRY
    1.3 MARKET SCOPE
          FIGURE 1 LUBRICANTS: MARKET SEGMENTATION
           1.3.1 REGION COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH DATA
          FIGURE 2 LUBRICANTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE REVENUE OF COMPANIES
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM-UP (DEMAND SIDE): PRODUCTS SOLD
    2.3 DATA TRIANGULATION
          FIGURE 6 LUBRICANTS MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS
           2.4.1 SUPPLY SIDE
                    FIGURE 7 MARKET GROWTH PROJECTION FROM SUPPLY SIDE
           2.4.2 DEMAND SIDE
                    FIGURE 8 MARKET GROWTH PROJECTION FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS
    2.6 LIMITATIONS
    2.7 RISK ASSESSMENT
          TABLE 1 LUBRICANTS MARKET: RISK ASSESSMENT
    2.8 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 49)
    FIGURE 9 MINERAL OIL SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
    FIGURE 10 ENGINE OIL DOMINATED OVERALL LUBRICANTS MARKET IN 2021
    FIGURE 11 PASSENGER VEHICLE TO BE DOMINANT CONSUMER OF LUBRICANTS IN TRANSPORTATION SEGMENT
    FIGURE 12 CONSTRUCTION TO BE LEADING END USER OF LUBRICANTS IN INDUSTRIAL SEGMENT
    FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2021

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES IN LUBRICANTS MARKET
          FIGURE 14 LUBRICANTS MARKET TO WITNESS STEADY GROWTH DURING FORECAST PERIOD
    4.2 ASIA PACIFIC LUBRICANTS MARKET, BY BASE OIL AND COUNTRY
          FIGURE 15 CHINA LED ASIA PACIFIC LUBRICANTS MARKET IN 2021
    4.3 LUBRICANTS MARKET, BY REGION
          FIGURE 16 ASIA PACIFIC TO BE LARGEST MARKET FOR LUBRICANTS DURING FORECAST PERIOD
    4.4 LUBRICANTS MARKET SIZE, END-USE INDUSTRY V/S REGION, 2021
          FIGURE 17 TRANSPORTATION ACCOUNTED FOR LARGEST MARKET SHARE IN 2021
    4.5 LUBRICANTS MARKET ATTRACTIVENESS
          FIGURE 18 CHINA PROJECTED TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 19 FACTORS GOVERNING LUBRICANTS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increased demand for high-performance engines
                    5.2.1.2 Expansion of refinery capacities driving demand for Group II and Group III base oils
                    5.2.1.3 Emission and fuel efficiency norms to drive demand in emerging markets
                                TABLE 2 IMPLEMENTATION OF EMISSION STANDARDS FOR LIGHT-DUTY VEHICLES IN CHINA
                    5.2.1.4 Increasing demand from marine applications
                    5.2.1.5 Limitations on shift to electric vehicles
                                FIGURE 20 COST COMPARISON OF EV AND ICE VEHICLES
           5.2.2 RESTRAINTS
                    5.2.2.1 Shift toward synthetic lubricants reducing overall demand for lubricants
                    5.2.2.2 Rising demand for electric vehicles and reducing prices of battery
                                FIGURE 21 GOVERNMENT TARGETS FOR ELECTRIC VEHICLES
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Leveraging e-commerce industry to increase customer reach
                    5.2.3.2 Demand for renewable energy
                    5.2.3.3 Increasing demand for bio-based lubricants
                    5.2.3.4 Increasing demand from mining, construction, and agriculture industries
           5.2.4 CHALLENGES
                    5.2.4.1 Stringent environmental norms and continuous reforms by governments
                    5.2.4.2 Rising raw material prices
                                TABLE 3 CRUDE OIL PRICE FORECAST
    5.3 PORTER'S FIVE FORCES ANALYSIS
          FIGURE 22 LUBRICANTS MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 4 LUBRICANTS MARKET: PORTER'S FIVE FORCES ANALYSIS
    5.4 MACROECONOMIC INDICATORS
           5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
                    TABLE 5 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2020–2027 (USD BILLION)

6 INDUSTRY TRENDS (Page No. - 67)
    6.1 SUPPLY CHAIN ANALYSIS
          FIGURE 23 LUBRICANTS MARKET: SUPPLY CHAIN ANALYSIS
           6.1.1 RAW MATERIALS
           6.1.2 MANUFACTURING OF LUBRICANTS
           6.1.3 DISTRIBUTION TO END USERS
    6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
           6.2.1 REVENUE SHIFT & REVENUE POCKETS FOR LUBRICANTS
                    FIGURE 24 LUBRICANTS MARKET: FUTURE REVENUE MIX
    6.3 CONNECTED MARKETS: ECOSYSTEM ANALYSIS
          FIGURE 25 LUBRICANTS MARKET: ECOSYSTEM MAPPING
          TABLE 6 LUBRICANTS MARKET: ROLE IN ECOSYSTEM
    6.4 TECHNOLOGY ANALYSIS
           6.4.1 RE-REFINING TECHNOLOGY
           6.4.2 SO2 SCRUBBING SYSTEM TECHNOLOGY
           6.4.3 NANOTECHNOLOGY IN LUBRICANTS
    6.5 OPPORTUNITY ANALYSIS FOR MOTOR OIL IN POWER GENERATION INDUSTRY
          TABLE 7 MOTOR OIL LUBRICANTS MARKET SIZE, BY POWER PLANT TYPE, 2021–2035 (MILLION GALLONS)
          TABLE 8 MOTOR OIL LUBRICANTS MARKET SIZE, BY POWER PLANT TYPE, 2021–2035 (USD MILLION)
    6.6 CASE STUDY ANALYSIS
           6.6.1 CASE STUDY ON COMPRESSOR LUBRICANT
           6.6.2 CASE STUDY ON SYNTHETIC LUBRICANT
           6.6.3 CASE STUDY ON HYDRAULIC FLUIDS
           6.6.4 CASE STUDY ON COMPRESSOR OIL
    6.7 KEY STAKEHOLDERS AND BUYING CRITERIA
           6.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 26 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
                    TABLE 9 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRY (%)
           6.7.2 BUYING CRITERIA
                    FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
                    TABLE 10 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
    6.8 LUBRICANTS MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          FIGURE 28 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          TABLE 11 LUBRICANTS MARKET FORECAST SCENARIO, 2019–2027 (USD MILLION)
           6.8.1 NON-COVID-19 SCENARIO
           6.8.2 OPTIMISTIC SCENARIO
           6.8.3 PESSIMISTIC SCENARIO
           6.8.4 REALISTIC SCENARIO
    6.9 PRICING ANALYSIS
           6.9.1 AVERAGE SELLING PRICE OF BASE OIL, BY KEY PLAYERS
                    FIGURE 29 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP THREE BASE OILS
                    TABLE 12 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP THREE BASE OILS (USD/KG)
           6.9.2 AVERAGE SELLING PRICE, BY REGION
                    FIGURE 30 AVERAGE SELLING PRICES OF LUBRICANTS, BY REGION (2020–2027)
                    TABLE 13 AVERAGE SELLING PRICES OF LUBRICANTS, BY REGION, 2020–2027 (USD/KG)
    6.10 TRADE DATA STATISTICS
           6.10.1 IMPORT SCENARIO OF LUBRICANTS
                    FIGURE 31 LUBRICANTS IMPORT, BY KEY COUNTRIES (2013–2021)
                    TABLE 14 IMPORT OF LUBRICANTS, BY REGION, 2013–2021 (USD BILLION)
           6.10.2 EXPORT SCENARIO OF LUBRICANTS
                    FIGURE 32 LUBRICANTS EXPORT, BY KEY COUNTRY (2013–2021)
                    TABLE 15 EXPORT OF LUBRICANTS, BY REGION, 2013–2021 (USD BILLION)
    6.11 GLOBAL REGULATORY FRAMEWORK AND ITS IMPACT ON LUBRICANTS MARKET
           6.11.1 REGULATIONS RELATED TO LUBRICANTS
    6.12 KEY CONFERENCES & EVENTS (2022–2023)
           TABLE 16 LUBRICANTS MARKET: LIST OF CONFERENCES & EVENTS
    6.13 PATENT ANALYSIS
           6.13.1 APPROACH
           6.13.2 DOCUMENT TYPE
                     TABLE 17 GRANTED PATENTS ACCOUNTED FOR 26% OF ALL PATENTS
                     FIGURE 33 PATENTS REGISTERED IN LUBRICANTS MARKET, 2011–2021
                     FIGURE 34 PATENT PUBLICATION TRENDS, 2011–2021
                     FIGURE 35 LEGAL STATUS OF PATENTS FILED IN LUBRICANTS MARKET
           6.13.3 JURISDICTION ANALYSIS
                     FIGURE 36 MAXIMUM PATENTS FILED IN JURISDICTION OF CHINA
           6.13.4 TOP APPLICANTS
                     FIGURE 37 BASF SE REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2011 AND 2021
                     TABLE 18 PATENTS BY BASF SE
                     TABLE 19 TOP 10 PATENT OWNERS IN US, 2011–2021

7 LUBRICANTS MARKET, BY BASE OIL (Page No. - 86)
    7.1 INTRODUCTION
          TABLE 20 CATEGORY OF BASE OILS
          FIGURE 38 MINERAL OIL LUBRICANTS TO DOMINATE OVERALL LUBRICANTS MARKET DURING FORECAST PERIOD
          TABLE 21 LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
          TABLE 22 LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
          TABLE 23 LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
          TABLE 24 LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
    7.2 MINERAL OIL LUBRICANTS
           7.2.1 GROWING EMPHASIS ON PREMIUM GRADE PRODUCTS TO AFFECT MINERAL OIL LUBRICANTS
                    TABLE 25 MINERAL OIL LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 26 MINERAL OIL LUBRICANTS MARKET SIZE BY REGION, 2021–2027 (KILOTON)
                    TABLE 27 MINERAL OIL LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 28 MINERAL OIL LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    7.3 SYNTHETIC LUBRICANTS
          FIGURE 39 FACTORS AFFECTING GLOBAL SYNTHETIC LUBRICANTS MARKET
          TABLE 29 SYNTHETIC LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
          TABLE 30 SYNTHETIC LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
          TABLE 31 SYNTHETIC LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 32 SYNTHETIC LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
           7.3.1 POLYALPHAOLEFINS (PAO)
           7.3.2 POLYALKYLENE GLYCOL (PAG)
           7.3.3 ESTERS
           7.3.4 GROUP III (HYDROCRACKING)
    7.4 BIO-BASED LUBRICANTS
           7.4.1 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR BIO-BASED LUBRICANTS
                    TABLE 33 BIO-BASED LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 34 BIO-BASED LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 35 BIO-BASED LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 36 BIO-BASED LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)

8 LUBRICANTS MARKET, BY PRODUCT TYPE (Page No. - 97)
    8.1 INTRODUCTION
          FIGURE 40 ENGINE OIL TO DOMINATE OVERALL LUBRICANTS MARKET BETWEEN 2022 AND 2027
          TABLE 37 LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (KILOTON)
          TABLE 38 LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (KILOTON)
          TABLE 39 LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
          TABLE 40 LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (USD MILLION)
    8.2 ENGINE OIL
           8.2.1 ENVIRONMENTAL REGULATIONS TO LIMIT FUTURE GROWTH
                    TABLE 41 ENGINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 42 ENGINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 43 ENGINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 44 ENGINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    8.3 HYDRAULIC OIL
           8.3.1 GROWING CONSTRUCTION INDUSTRY TO DRIVE MARKET
                    TABLE 45 HYDRAULIC OIL: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 46 HYDRAULIC OIL: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 47 HYDRAULIC OIL: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 48 HYDRAULIC OIL: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
           8.3.2 HL HYDRAULIC FLUID
           8.3.3 HLP HYDRAULIC FLUID
           8.3.4 HLP-D HYDRAULIC FLUID
           8.3.5 FIRE-RESISTANT HYDRAULIC FLUID
    8.4 METALWORKING FLUID
           8.4.1 GROWING STEEL INDUSTRY TO FUEL DEMAND
                    TABLE 49 METALWORKING FLUID: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 50 METALWORKING FLUID: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 51 METALWORKING FLUID: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 52 METALWORKING FLUID: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
           8.4.2 REMOVAL METALWORKING FLUID
           8.4.3 PROTECTING METALWORKING FLUID
           8.4.4 FORMING METALWORKING FLUID
           8.4.5 TREATING METALWORKING FLUID
    8.5 GEAR OIL
           8.5.1 TECHNOLOGICAL ADVANCEMENTS IN MECHATRONICS TO PROPEL MARKET
                    TABLE 53 GEAR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 54 GEAR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 55 GEAR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 56 GEAR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
           8.5.2 RUST & CORROSION INHIBITED GEAR OIL
           8.5.3 COMPOUNDED GEAR OIL
           8.5.4 EXTREME PRESSURE GEAR OIL
    8.6 COMPRESSOR OIL
           8.6.1 RISING AUTOMOBILE SECTOR TO INCREASE DEMAND FOR COMPRESSOR OIL
                    TABLE 57 COMPRESSOR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 58 COMPRESSOR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 59 COMPRESSOR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 60 COMPRESSOR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    8.7 GREASE
           8.7.1 GROWING TRANSPORT INDUSTRY TO FUEL DEMAND FOR GREASE
                    TABLE 61 GREASE: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 62 GREASE: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 63 GREASE: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 64 GREASE: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
           8.7.2 METALLIC SOAP THICKENER
           8.7.3 LITHIUM
           8.7.4 CALCIUM
           8.7.5 ALUMINUM
           8.7.6 SODIUM
           8.7.7 OTHER METALLIC SOAPS
           8.7.8 NON-SOAP THICKENER
           8.7.9 INORGANIC THICKENER
                    8.7.9.1 Clay
                    8.7.9.2 Silica
           8.7.10 OTHER THICKENERS
    8.8 TURBINE OIL
           8.8.1 GROWING POWER GENERATION TO DRIVE TURBINE OIL MARKET
                    TABLE 65 TURBINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 66 TURBINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 67 TURBINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 68 TURBINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    8.9 OTHERS
           8.9.1 TRANSFORMER OIL
           8.9.2 REFRIGERATION OIL
           8.9.3 TEXTILE MACHINERY LUBRICANTS
                    TABLE 69 OTHERS: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 70 OTHERS: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 71 OTHERS: LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 72 OTHERS: LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)

9 LUBRICANTS MARKET, BY END-USE INDUSTRY (Page No. - 118)
    9.1 INTRODUCTION
          TABLE 73 LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 74 LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
          TABLE 75 LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 76 LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
    9.2 TRANSPORTATION
          FIGURE 41 PASSENGER VEHICLE SEGMENT TO BE LARGEST CONSUMER OF LUBRICANTS IN TRANSPORTATION INDUSTRY
           9.2.1 COMMERCIAL VEHICLES
                    9.2.1.1 Growing need for buses and taxis to drive demand for lubricants in commercial vehicles
                                TABLE 77 LUBRICANTS MARKET SIZE IN COMMERCIAL VEHICLE, BY REGION, 2017–2020 (KILOTON)
                                TABLE 78 LUBRICANTS MARKET SIZE IN COMMERCIAL VEHICLE, BY REGION, 2021–2027 (KILOTON)
                                TABLE 79 LUBRICANTS MARKET SIZE IN COMMERCIAL VEHICLE, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 80 LUBRICANTS MARKET SIZE IN COMMERCIAL VEHICLE, BY REGION, 2021–2027 (USD MILLION)
           9.2.2 PASSENGER VEHICLES
                    9.2.2.1 Growing demand for passenger cars to significantly influence market
                                TABLE 81 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY REGION, 2017–2020 (KILOTON)
                                TABLE 82 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY REGION, 2021–2027 (KILOTON)
                                TABLE 83 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 84 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY REGION, 2021–2027 (USD MILLION)
                                TABLE 85 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2017–2020 (KILOTON)
                                TABLE 86 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2021–2027 (KILOTON)
                                TABLE 87 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2017–2020 (USD MILLION)
                                TABLE 88 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2021–2027 (USD MILLION)
                    9.2.2.2 4-Wheelers
                                TABLE 89 LUBRICANTS MARKET SIZE IN 4-WHEELER PASSENGER VEHICLE, BY REGION, 2017–2020 (KILOTON)
                                TABLE 90 LUBRICANTS MARKET SIZE IN 4-WHEELER PASSENGER VEHICLE, BY REGION, 2021–2027 (KILOTON)
                                TABLE 91 LUBRICANTS MARKET SIZE IN 4-WHEELER PASSENGER VEHICLE, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 92 LUBRICANTS MARKET SIZE IN 4-WHEELER PASSENGER VEHICLE, BY REGION, 2021–2027 (USD MILLION)
                    9.2.2.3 2-Wheelers
                                TABLE 93 LUBRICANTS MARKET SIZE IN 2-WHEELER PASSENGER VEHICLE, BY REGION, 2017–2020 (KILOTON)
                                TABLE 94 LUBRICANTS MARKET SIZE IN 2-WHEELER PASSENGER VEHICLE, BY REGION, 2021–2027 (KILOTON)
                                TABLE 95 LUBRICANTS MARKET SIZE IN 2-WHEELER PASSENGER VEHICLE, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 96 LUBRICANTS MARKET SIZE IN 2-WHEELER PASSENGER VEHICLE, BY REGION, 2021–2027 (USD MILLION)
           9.2.3 AVIATION
                    9.2.3.1 Increasing living standards and decreasing airfare to drive market
                                TABLE 97 LUBRICANTS MARKET SIZE IN AVIATION, BY REGION, 2017–2020 (KILOTON)
                                TABLE 98 LUBRICANTS MARKET SIZE IN AVIATION, BY REGION, 2021–2027 (KILOTON)
                                TABLE 99 LUBRICANTS MARKET SIZE IN AVIATION, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 100 LUBRICANTS MARKET SIZE IN AVIATION, BY REGION, 2021–2027 (USD MILLION)
           9.2.4 MARINE
                    9.2.4.1 Asia Pacific to be largest and fastest-growing market for lubricants in marine industry
                                TABLE 101 LUBRICANTS MARKET SIZE IN MARINE, BY REGION, 2017–2020 (KILOTON)
                                TABLE 102 LUBRICANTS MARKET SIZE IN MARINE, BY REGION, 2021–2027 (KILOTON)
                                TABLE 103 LUBRICANTS MARKET SIZE IN MARINE, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 104 LUBRICANTS MARKET SIZE IN MARINE, BY REGION, 2021–2027 (USD MILLION)
           9.2.5 RAILWAYS
                    9.2.5.1 North America to be largest market for lubricants in railways
                                TABLE 105 LUBRICANTS MARKET SIZE IN RAILWAYS, BY REGION, 2017–2020 (KILOTON)
                                TABLE 106 LUBRICANTS MARKET SIZE IN RAILWAYS, BY REGION, 2021–2027 (KILOTON)
                                TABLE 107 LUBRICANTS MARKET SIZE IN RAILWAYS, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 108 LUBRICANTS MARKET SIZE IN RAILWAYS, BY REGION, 2021–2027 (USD MILLION)
    9.3 INDUSTRIAL
           FIGURE 42 CONSTRUCTION TO BE LARGEST CONSUMER OF LUBRICANTS IN INDUSTRIAL SECTOR
           9.3.1 CONSTRUCTION
                    9.3.1.1 Increased government investments in infrastructure projects to fuel demand
                                TABLE 109 LUBRICANTS MARKET SIZE IN CONSTRUCTION, BY REGION, 2017–2020 (KILOTON)
                                TABLE 110 LUBRICANTS MARKET SIZE IN CONSTRUCTION, BY REGION, 2021–2027 (KILOTON)
                                TABLE 111 LUBRICANTS MARKET SIZE IN CONSTRUCTION, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 112 LUBRICANTS MARKET SIZE IN CONSTRUCTION, BY REGION, 2021–2027 (USD MILLION)
           9.3.2 METAL & MINING
                    9.3.2.1 Consumption in steel production plants to increase demand
                                TABLE 113 LUBRICANTS MARKET SIZE IN METAL & MINING, BY REGION, 2017–2020 (KILOTON)
                                TABLE 114 LUBRICANTS MARKET SIZE IN METAL & MINING, BY REGION, 2021–2027 (KILOTON)
                                TABLE 115 LUBRICANTS MARKET SIZE IN METAL & MINING, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 116 LUBRICANTS MARKET SIZE IN METAL & MINING, BY REGION, 2021–2027 (USD MILLION)
           9.3.3 CEMENT PRODUCTION
                    9.3.3.1 Growing construction activities to drive demand
                                TABLE 117 LUBRICANTS MARKET SIZE IN CEMENT PRODUCTION, BY REGION, 2017–2020 (KILOTON)
                                TABLE 118 LUBRICANTS MARKET SIZE IN CEMENT PRODUCTION, BY REGION, 2021–2027 (KILOTON)
                                TABLE 119 LUBRICANTS MARKET SIZE IN CEMENT PRODUCTION, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 120 LUBRICANTS MARKET SIZE IN CEMENT PRODUCTION, BY REGION, 2021–2027 (USD MILLION)
           9.3.4 POWER GENERATION
                    9.3.4.1 Rising awareness regarding renewable sources for power generation to drive demand
                                TABLE 121 LUBRICANTS MARKET SIZE IN POWER GENERATION, BY REGION, 2017–2020 (KILOTON)
                                TABLE 122 LUBRICANTS MARKET SIZE IN POWER GENERATION, BY REGION, 2021–2027 (KILOTON)
                                TABLE 123 LUBRICANTS MARKET SIZE IN POWER GENERATION, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 124 LUBRICANTS MARKET SIZE IN POWER GENERATION, BY REGION, 2021–2027 (USD MILLION)
           9.3.5 AUTOMOTIVE MANUFACTURING
                    9.3.5.1 Growing demand for automobiles in emerging economies to fuel demand
                                TABLE 125 LUBRICANTS MARKET SIZE IN AUTOMOTIVE MANUFACTURING, BY REGION, 2017–2020 (KILOTON)
                                TABLE 126 LUBRICANTS MARKET SIZE IN AUTOMOTIVE MANUFACTURING, BY REGION, 2021–2027 (KILOTON)
                                TABLE 127 LUBRICANTS MARKET SIZE IN AUTOMOTIVE MANUFACTURING, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 128 LUBRICANTS MARKET SIZE IN AUTOMOTIVE MANUFACTURING, BY REGION, 2021–2027 (USD MILLION)
           9.3.6 CHEMICAL
                    9.3.6.1 Rising demand for fertilizers to drive demand
                                TABLE 129 LUBRICANTS MARKET SIZE IN CHEMICAL, BY REGION, 2017–2020 (KILOTON)
                                TABLE 130 LUBRICANTS MARKET SIZE IN CHEMICAL, BY REGION, 2021–2027 (KILOTON)
                                TABLE 131 LUBRICANTS MARKET SIZE IN CHEMICAL, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 132 LUBRICANTS MARKET SIZE IN CHEMICAL, BY REGION, 2021–2027 (USD MILLION)
           9.3.7 OIL & GAS
                    9.3.7.1 Need for long-term stability and smooth functioning of machinery fueling demand
                                TABLE 133 LUBRICANTS MARKET SIZE IN OIL & GAS, BY REGION, 2017–2020 (KILOTON)
                                TABLE 134 LUBRICANTS MARKET SIZE IN OIL & GAS, BY REGION, 2021–2027 (KILOTON)
                                TABLE 135 LUBRICANTS MARKET SIZE IN OIL & GAS, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 136 LUBRICANTS MARKET SIZE IN OIL & GAS, BY REGION, 2021–2027 (USD MILLION)
           9.3.8 TEXTILE
                    9.3.8.1 Asia Pacific dominates lubricants market in textile industry
                                TABLE 137 LUBRICANTS MARKET SIZE IN TEXTILE, BY REGION, 2017–2020 (KILOTON)
                                TABLE 138 LUBRICANTS MARKET SIZE IN TEXTILE, BY REGION, 2021–2027 (KILOTON)
                                TABLE 139 LUBRICANTS MARKET SIZE IN TEXTILE, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 140 LUBRICANTS MARKET SIZE IN TEXTILE, BY REGION, 2021–2027 (USD MILLION)
           9.3.9 FOOD PROCESSING
                    9.3.9.1 Growing awareness regarding safe food products to influence market growth
                                TABLE 141 LUBRICANTS MARKET SIZE IN FOOD PROCESSING, BY REGION, 2017–2020 (KILOTON)
                                TABLE 142 LUBRICANTS MARKET SIZE IN FOOD PROCESSING, BY REGION, 2021–2027 (KILOTON)
                                TABLE 143 LUBRICANTS MARKET SIZE IN FOOD PROCESSING, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 144 LUBRICANTS MARKET SIZE IN FOOD PROCESSING, BY REGION, 2021–2027 (USD MILLION)
           9.3.10 OTHERS
                     TABLE 145 LUBRICANTS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (KILOTON)
                     TABLE 146 LUBRICANTS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2021–2027 (KILOTON)
                     TABLE 147 LUBRICANTS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)
                     TABLE 148 LUBRICANTS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2021–2027 (USD MILLION)

10 LUBRICANTS MARKET, BY REGION (Page No. - 154)
     10.1 INTRODUCTION
             FIGURE 43 ASIA PACIFIC TO BE LARGEST MARKET FOR LUBRICANTS DURING FORECAST PERIOD
             TABLE 149 LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
             TABLE 150 LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
             TABLE 151 LUBRICANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
             TABLE 152 LUBRICANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
     10.2 ASIA PACIFIC
             FIGURE 44 ASIA PACIFIC: LUBRICANTS MARKET SNAPSHOT
             10.2.1 ASIA PACIFIC LUBRICANTS MARKET, BY BASE OIL
                        TABLE 153 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 154 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 155 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 156 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
             10.2.2 ASIA PACIFIC LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 157 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (KILOTON)
                        TABLE 158 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (KILOTON)
                        TABLE 159 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                        TABLE 160 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (USD MILLION)
             10.2.3 ASIA PACIFIC LUBRICANTS MARKET, BY END-USE INDUSTRY
                        TABLE 161 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                        TABLE 162 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                        TABLE 163 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                        TABLE 164 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        TABLE 165 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2017–2020 (KILOTON)
                        TABLE 166 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2021–2027 (KILOTON)
                        TABLE 167 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2017–2020 (USD MILLION)
                        TABLE 168 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2021–2027 (USD MILLION)
             10.2.4 ASIA PACIFIC LUBRICANTS MARKET, BY COUNTRY
                        TABLE 169 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 170 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 171 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 172 ASIA PACIFIC: LUBRICANTS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.2.4.1 China
                                     10.2.4.1.1 Increase in population driving demand
                                                      TABLE 173 CHINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 174 CHINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 175 CHINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 176 CHINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 177 CHINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 178 CHINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 179 CHINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 180 CHINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.2.4.2 Japan
                                     10.2.4.2.1 Increase in number of vehicles to boost demand
                                                      TABLE 181 JAPAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 182 JAPAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 183 JAPAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 184 JAPAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 185 JAPAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 186 JAPAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 187 JAPAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 188 JAPAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.2.4.3 India
                                     10.2.4.3.1 Rapid urbanization and growth in population to drive demand
                                                      TABLE 189 INDIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 190 INDIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 191 INDIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 192 INDIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 193 INDIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 194 INDIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 195 INDIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 196 INDIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.2.4.4 South Korea
                                     10.2.4.4.1 Growing marine industry to have positive impact on market
                                                      TABLE 197 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 198 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 199 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 200 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 201 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 202 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 203 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 204 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.2.4.5 Indonesia
                                     10.2.4.5.1 Rising oil production to spur demand
                                                      TABLE 205 INDONESIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 206 INDONESIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 207 INDONESIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 208 INDONESIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 209 INDONESIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 210 INDONESIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 211 INDONESIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 212 INDONESIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.2.4.6 Thailand
                                     10.2.4.6.1 Increase in production of automotive parts to drive market
                                                      TABLE 213 THAILAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 214 THAILAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 215 THAILAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 216 THAILAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 217 THAILAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 218 THAILAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 219 THAILAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 220 THAILAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.2.4.7 Australia & New Zealand
                                     10.2.4.7.1 Growing mining industry to drive demand
                                                      TABLE 221 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 222 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 223 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 224 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 225 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 226 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 227 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 228 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
     10.3 EUROPE
             FIGURE 45 EUROPE: LUBRICANTS MARKET SNAPSHOT
             10.3.1 EUROPE LUBRICANTS MARKET, BY BASE OIL
                        TABLE 229 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 230 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 231 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 232 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
             10.3.2 EUROPE LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 233 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (KILOTON)
                        TABLE 234 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (KILOTON)
                        TABLE 235 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                        TABLE 236 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (USD MILLION)
             10.3.3 EUROPE LUBRICANTS MARKET, BY END-USE INDUSTRY
                        TABLE 237 EUROPE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                        TABLE 238 EUROPE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                        TABLE 239 EUROPE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                        TABLE 240 EUROPE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        TABLE 241 EUROPE: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2017–2020 (KILOTON)
                        TABLE 242 EUROPE: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2021–2027 (KILOTON)
                        TABLE 243 EUROPE: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2017–2020 (USD MILLION)
                        TABLE 244 EUROPE: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2021–2027 (USD MILLION)
             10.3.4 EUROPE LUBRICANTS MARKET, BY COUNTRY
                        TABLE 245 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 246 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 247 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 248 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.3.4.1 Germany
                                     10.3.4.1.1 Synthetic lubricants segment to witness highest growth
                                                      TABLE 249 GERMANY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 250 GERMANY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 251 GERMANY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 252 GERMANY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 253 GERMANY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 254 GERMANY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 255 GERMANY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 256 GERMANY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.3.4.2 Russia
                                     10.3.4.2.1 Presence of major lubricant manufacturing companies to drive market
                                                      TABLE 257 RUSSIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 258 RUSSIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 259 RUSSIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 260 RUSSIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 261 RUSSIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 262 RUSSIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 263 RUSSIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 264 RUSSIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.3.4.3 Italy
                                     10.3.4.3.1 Transportation sector to fuel market growth
                                                      TABLE 265 ITALY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 266 ITALY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 267 ITALY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 268 ITALY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 269 ITALY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 270 ITALY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 271 ITALY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 272 ITALY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.3.4.4 France
                                     10.3.4.4.1 Rising spending power leading to growth in demand
                                                      TABLE 273 FRANCE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 274 FRANCE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 275 FRANCE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 276 FRANCE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 277 FRANCE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 278 FRANCE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 279 FRANCE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 280 FRANCE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.3.4.5 Spain
                                     10.3.4.5.1 Automotive sector to drive market growth
                                                      TABLE 281 SPAIN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 282 SPAIN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 283 SPAIN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 284 SPAIN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 285 SPAIN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 286 SPAIN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 287 SPAIN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 288 SPAIN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.3.4.6 UK
                                     10.3.4.6.1 Environmental regulations to impact lubricants market
                                                      TABLE 289 UK: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 290 UK: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 291 UK: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 292 UK: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 293 UK: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 294 UK: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 295 UK: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 296 UK: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
     10.4 NORTH AMERICA
             FIGURE 46 NORTH AMERICA: LUBRICANTS MARKET SNAPSHOT
             10.4.1 NORTH AMERICA LUBRICANTS MARKET, BY BASE OIL
                        TABLE 297 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 298 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 299 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 300 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
             10.4.2 NORTH AMERICA LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 301 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (KILOTON)
                        TABLE 302 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (KILOTON)
                        TABLE 303 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                        TABLE 304 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (USD MILLION)
             10.4.3 NORTH AMERICA LUBRICANTS MARKET, BY END-USE INDUSTRY
                        TABLE 305 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                        TABLE 306 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                        TABLE 307 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                        TABLE 308 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        TABLE 309 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2017–2020 (KILOTON)
                        TABLE 310 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2021–2027 (KILOTON)
                        TABLE 311 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2017–2020 (USD MILLION)
                        TABLE 312 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2021–2027 (USD MILLION)
             10.4.4 NORTH AMERICA LUBRICANTS MARKET, BY COUNTRY
                        TABLE 313 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 314 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 315 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 316 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.4.4.1 US
                                     10.4.4.1.1 Strong industrial infrastructure and large number of existing vehicles on road
                                                      TABLE 317 US: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 318 US: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 319 US: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 320 US: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 321 US: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 322 US: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 323 US: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 324 US: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.4.4.2 Canada
                                     10.4.4.2.1 Increasing environmental awareness and stringent governmental norms
                                                      TABLE 325 CANADA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 326 CANADA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 327 CANADA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 328 CANADA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 329 CANADA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 330 CANADA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 331 CANADA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 332 CANADA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.4.4.3 Mexico
                                     10.4.4.3.1 Growth in power generation and manufacturing sectors
                                                      TABLE 333 MEXICO: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 334 MEXICO: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 335 MEXICO: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 336 MEXICO: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 337 MEXICO: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 338 MEXICO: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 339 MEXICO: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 340 MEXICO: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA
             10.5.1 MIDDLE EAST & AFRICA LUBRICANTS MARKET, BY BASE OIL
                        TABLE 341 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 342 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 343 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 344 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
             10.5.2 MIDDLE EAST & AFRICA LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 345 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (KILOTON)
                        TABLE 346 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (KILOTON)
                        TABLE 347 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                        TABLE 348 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (USD MILLION)
             10.5.3 MIDDLE EAST & AFRICA LUBRICANTS MARKET, BY END-USE INDUSTRY
                        TABLE 349 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                        TABLE 350 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                        TABLE 351 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                        TABLE 352 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        TABLE 353 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2017–2020 (KILOTON)
                        TABLE 354 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2021–2027 (KILOTON)
                        TABLE 355 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2017–2020 (USD MILLION)
                        TABLE 356 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2021–2027 (USD MILLION)
             10.5.4 MIDDLE EAST & AFRICA LUBRICANTS MARKET, BY COUNTRY
                        TABLE 357 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 358 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 359 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 360 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.5.4.1 Iran
                                     10.5.4.1.1 Industrial sectors to drive demand
                                                      TABLE 361 IRAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 362 IRAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 363 IRAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 364 IRAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 365 IRAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 366 IRAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 367 IRAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 368 IRAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.5.4.2 South Africa
                                     10.5.4.2.1 Marine industry to drive market
                                                      TABLE 369 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 370 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 371 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 372 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 373 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 374 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 375 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 376 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.5.4.3 Turkey
                                     10.5.4.3.1 Economic revolution supports growth
                                                      TABLE 377 TURKEY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                      TABLE 378 TURKEY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                      TABLE 379 TURKEY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                      TABLE 380 TURKEY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                      TABLE 381 TURKEY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                      TABLE 382 TURKEY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                      TABLE 383 TURKEY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                      TABLE 384 TURKEY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
     10.6 SOUTH AMERICA
             10.6.1 SOUTH AMERICA LUBRICANTS MARKET, BY BASE OIL
                        TABLE 385 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                        TABLE 386 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                        TABLE 387 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                        TABLE 388 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
             10.6.2 SOUTH AMERICA LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 389 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (KILOTON)
                        TABLE 390 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (KILOTON)
                        TABLE 391 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                        TABLE 392 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2021–2027 (USD MILLION)
             10.6.3 SOUTH AMERICA LUBRICANTS MARKET, BY END-USE INDUSTRY
                        TABLE 393 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                        TABLE 394 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                        TABLE 395 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                        TABLE 396 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        TABLE 397 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2017–2020 (KILOTON)
                        TABLE 398 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2021–2027 (KILOTON)
                        TABLE 399 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2017–2020 (USD MILLION)
                        TABLE 400 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PASSENGER VEHICLE TYPE, 2021–2027 (USD MILLION)
             10.6.4 SOUTH AMERICA LUBRICANTS MARKET, BY COUNTRY
                        TABLE 401 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                        TABLE 402 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                        TABLE 403 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 404 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                        10.6.4.1 Brazil
                                     10.6.4.1.1 Economic growth to positively influence market
                                                     TABLE 405 BRAZIL: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                     TABLE 406 BRAZIL: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                     TABLE 407 BRAZIL: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                     TABLE 408 BRAZIL: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                     TABLE 409 BRAZIL: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                     TABLE 410 BRAZIL: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                     TABLE 411 BRAZIL: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                     TABLE 412 BRAZIL: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)
                        10.6.4.2 Argentina
                                     10.6.4.2.1 Rising manufacturing sector to drive market
                                                     TABLE 413 ARGENTINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (KILOTON)
                                                     TABLE 414 ARGENTINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (KILOTON)
                                                     TABLE 415 ARGENTINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2017–2020 (USD MILLION)
                                                     TABLE 416 ARGENTINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2021–2027 (USD MILLION)
                                                     TABLE 417 ARGENTINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                                     TABLE 418 ARGENTINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (KILOTON)
                                                     TABLE 419 ARGENTINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                                     TABLE 420 ARGENTINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 272)
     11.1 INTRODUCTION
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS
             TABLE 421 OVERVIEW OF STRATEGIES ADOPTED BY KEY LUBRICANT MANUFACTURERS
     11.3 MARKET SHARE ANALYSIS
             11.3.1 RANKING OF KEY MARKET PLAYERS, 2021
                        FIGURE 47 RANKING OF TOP FIVE PLAYERS IN LUBRICANTS MARKET, 2021
             11.3.2 MARKET SHARE OF KEY PLAYERS
                        TABLE 422 LUBRICANTS MARKET: DEGREE OF COMPETITION
                        FIGURE 48 SHELL PLC LED LUBRICANTS MARKET IN 2021
                        11.3.2.1 Shell plc
                        11.3.2.2 ExxonMobil Corporation
                        11.3.2.3 BP P.L.C.
                        11.3.2.4 Chevron Corporation
                        11.3.2.5 PetroChina Company Limited
                                      FIGURE 49 REVENUE ANALYSIS OF KEY COMPANIES DURING PAST FIVE YEARS
     11.4 COMPANY PRODUCT FOOTPRINT ANALYSIS
             FIGURE 50 LUBRICANTS MARKET: COMPANY FOOTPRINT
             TABLE 423 LUBRICANTS MARKET: PRODUCT TYPE FOOTPRINT
             TABLE 424 LUBRICANTS MARKET: APPLICATION FOOTPRINT
             TABLE 425 LUBRICANTS MARKET: COMPANY REGION FOOTPRINT
     11.5 COMPANY EVALUATION QUADRANT (TIER 1)
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 51 COMPANY EVALUATION QUADRANT FOR LUBRICANTS MARKET (TIER 1)
     11.6 COMPETITIVE BENCHMARKING
             TABLE 426 LUBRICANTS MARKET: DETAILED LIST OF KEY START-UPS/SMES
             TABLE 427 LUBRICANTS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     11.7 START-UP/SME EVALUATION QUADRANT
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 DYNAMIC COMPANIES
             11.7.3 RESPONSIVE COMPANIES
             11.7.4 STARTING BLOCKS
                        FIGURE 52 START-UPS/SMES EVALUATION QUADRANT FOR LUBRICANTS MARKET
     11.8 COMPETITIVE SITUATIONS AND TRENDS
             11.8.1 PRODUCT LAUNCHES
                        TABLE 428 LUBRICANTS MARKET: PRODUCT LAUNCHES (2019–2022)
             11.8.2 DEALS
                        TABLE 429 LUBRICANTS MARKET: DEALS (2019–2022)
             11.8.3 OTHER DEVELOPMENTS
                        TABLE 430 LUBRICANTS MARKET: OTHER DEVELOPMENTS (2019–2022)

12 COMPANY PROFILES (Page No. - 290)
(Business overview, Products offered, Recent developments & MnM View)*
     12.1 MAJOR PLAYERS
             12.1.1 EXXONMOBIL CORPORATION
                        TABLE 431 EXXONMOBIL CORPORATION: COMPANY OVERVIEW
                        FIGURE 53 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT
                        TABLE 432 EXXONMOBIL CORPORATION: NEW PRODUCT LAUNCHES
                        TABLE 433 EXXONMOBIL CORPORATION: OTHER DEVELOPMENTS
             12.1.2 TOTALENERGIES SE
                        TABLE 434 TOTALENERGIES SE: COMPANY OVERVIEW
                        FIGURE 54 TOTALENERGIES SE: COMPANY SNAPSHOT
                        TABLE 435 TOTALENERGIES SE: PRODUCT LAUNCHES
                        TABLE 436 TOTALENERGIES SE: DEALS
                        TABLE 437 TOTALENERGIES SE: OTHER DEVELOPMENTS
             12.1.3 SHELL PLC
                        TABLE 438 SHELL PLC: COMPANY OVERVIEW
                        FIGURE 55 SHELL PLC: COMPANY SNAPSHOT
                        TABLE 439 SHELL PLC: PRODUCT LAUNCHES
                        TABLE 440 SHELL PLC: DEALS
                        TABLE 441 SHELL PLC: OTHER DEVELOPMENTS
             12.1.4 CHEVRON CORPORATION
                        TABLE 442 CHEVRON CORPORATION: COMPANY OVERVIEW
                        FIGURE 56 CHEVRON CORPORATION: COMPANY SNAPSHOT
                        TABLE 443 CHEVRON CORPORATION: PRODUCT LAUNCHES
                        TABLE 444 CHEVRON CORPORATION: DEALS
                        TABLE 445 CHEVRON CORPORATION: OTHER DEVELOPMENTS
             12.1.5 BP P.L.C.
                        TABLE 446 BP P.L.C.: COMPANY OVERVIEW
                        FIGURE 57 BP P.L.C.: COMPANY SNAPSHOT
                        TABLE 447 BP P.L.C.: OTHER DEVELOPMENTS
             12.1.6 PETROCHINA COMPANY LIMITED
                        TABLE 448 PETROCHINA COMPANY LIMITED: COMPANY OVERVIEW
                        FIGURE 58 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT
                        TABLE 449 PETROCHINA COMPANY LIMITED: DEALS
             12.1.7 VALVOLINE
                        TABLE 450 VALVOLINE: COMPANY OVERVIEW
                        FIGURE 59 VALVOLINE: COMPANY SNAPSHOT
                        TABLE 451 VALVOLINE: NEW PRODUCT LAUNCHES
                        TABLE 452 VALVOLINE: DEALS
                        TABLE 453 VALVOLINE: OTHER DEVELOPMENTS
             12.1.8 SINOPEC CORP.
                        TABLE 454 SINOPEC CORP.: COMPANY OVERVIEW
                        FIGURE 60 SINOPEC CORP.: COMPANY SNAPSHOT
                        TABLE 455 SINOPEC CORP.: PRODUCT LAUNCHES
                        TABLE 456 SINOPEC CORP.: DEALS
                        TABLE 457 SINOPEC CORP.: OTHER DEVELOPMENTS
             12.1.9 ENEOS HOLDINGS, INC.
                        TABLE 458 ENEOS HOLDINGS, INC.: COMPANY OVERVIEW
                        FIGURE 61 ENEOS HOLDINGS, INC.: COMPANY SNAPSHOT
                        TABLE 459 ENEOS HOLDINGS, INC.: PRODUCT LAUNCHES
                        TABLE 460 ENEOS HOLDINGS, INC.: DEALS
                        TABLE 461 ENEOS HOLDINGS, INC.: OTHER DEVELOPMENTS
             12.1.10 IDEMITSU KOSAN CO., LTD.
                        TABLE 462 IDEMITSU KOSAN CO., LTD.: COMPANY OVERVIEW
                        FIGURE 62 IDEMITSU KOSAN CO., LTD.: COMPANY SNAPSHOT
                        TABLE 463 IDEMITSU KOSAN CO., LTD.: OTHER DEVELOPMENTS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     12.2 OTHER KEY MARKET PLAYERS
             12.2.1 FUCHS PETROLUB AG
                        TABLE 464 FUCHS PETROLUB AG: COMPANY OVERVIEW
             12.2.2 PETRONAS
                        TABLE 465 PETRONAS: COMPANY OVERVIEW
             12.2.3 PETROBRAS
                        TABLE 466 PETROBRAS: COMPANY OVERVIEW
             12.2.4 LUKOIL
                        TABLE 467 LUKOIL: COMPANY OVERVIEW
             12.2.5 PERTAMINA
                        TABLE 468 PERTAMINA: COMPANY OVERVIEW
             12.2.6 ENI S.P.A.
                        TABLE 469 ENI S.P.A.: COMPANY OVERVIEW
             12.2.7 ROSNEFT
                        TABLE 470 ROSNEFT: COMPANY OVERVIEW
             12.2.8 GAZPROM NEFT
                        TABLE 471 GAZPROM NEFT: COMPANY OVERVIEW
             12.2.9 GULF OIL
                        TABLE 472 GULF OIL: COMPANY OVERVIEW
             12.2.10 PHILLIPS 66
                        TABLE 473 PHILLIPS 66: COMPANY OVERVIEW
             12.2.11 INDIAN OIL CORPORATION LIMITED (IOCL)
                        TABLE 474 INDIAN OIL CORPORATION LIMITED (IOCL): COMPANY OVERVIEW
             12.2.12 COSMO OIL LUBRICANTS CO. LTD.
                        TABLE 475 COSMO OIL LUBRICANTS CO. LTD.: COMPANY OVERVIEW
             12.2.13 KLUBER LUBRICATION
                        TABLE 476 KLUBER LUBRICATION: COMPANY OVERVIEW
             12.2.14 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL)
                        TABLE 477 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL): COMPANY OVERVIEW
             12.2.15 MOTUL S.A.
                        TABLE 478 MOTUL S.A.: COMPANY OVERVIEW

13 ADJACENT & RELATED MARKETS (Page No. - 347)
     13.1 INTRODUCTION
     13.2 LIMITATIONS
     13.3 LUBRICANTS ECOSYSTEM AND INTERCONNECTED MARKETS
              FIGURE 63 LUBRICANTS MARKET: ECOSYSTEM
     13.4 BASE OIL MARKET
             13.4.1 MARKET DEFINITION
             13.4.2 MARKET OVERVIEW
                        FIGURE 64 BASE OIL MARKET EXPECTED TO WITNESS STEADY GROWTH
     13.5 BASE OIL MARKET, BY REGION
             13.5.1 ASIA PACIFIC
                        TABLE 479 ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
                        TABLE 480 ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION, 2017–2024 (KILOTON)
             13.5.2 EUROPE
                        TABLE 481 EUROPE: BASE OIL MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
                        TABLE 482 EUROPE: BASE OIL MARKET SIZE, BY APPLICATION, 2017–2024 (KILOTON)
             13.5.3 NORTH AMERICA
                        TABLE 483 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
                        TABLE 484 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (KILOTON)
             13.5.4 MIDDLE EAST & AFRICA
                        TABLE 485 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
                        TABLE 486 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (KILOTON)
             13.5.5 SOUTH AMERICA
                        TABLE 487 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
                        TABLE 488 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (KILOTON)

14 APPENDIX (Page No. - 354)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 CUSTOMIZATION OPTIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the market size for lubricants. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The lubricant market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The end-use industries characterize the demand side of this market. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Breakdown of Primary Participants

Lubricants Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2021 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the size of the lubricants market.

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.

Lubricants Market : Bottum-Up Approach 1

Lubricants Market Size, and Share

Source: MarketsandMarkets Analysis

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of lubricants.

Report Objectives

  • To define, segment, and project the size of the global Lubricant market based on base oil, product type, end-use industry, and region
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To project the size of the market in terms of value and volume, with respect to five main regions (along with key country-level data), namely, North America, Europe, Asia-Pacific, and the Rest of the world.
  • To strategically profile key players and comprehensively analyze their core competencies2
  • To track and analyze research & development (R&D)  and competitive developments such as joint ventures, mergers & acquisitions, and new product developments, in the Lubricants market

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional source type

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Report Code
CH 2730
Published ON
Nov, 2022
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