Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Engine Oil, Hydraulic Fluid, Metalworking Fluid), Application (Transportation and Industrial lubricants), Region - Global Forecast to 2024
[216 Pages Report] The global lubricants market size is projected to reach USD 188.0 billion by 2024 from USD 164.3 billion in 2019, at a CAGR of 2.7%. Massive industrialization in Asia Pacific and the Middle East & Africa, coupled with the rise in process automation in most of the industries and the increasing number of vehicles on-road are key factors driving the global lubricants industry.
See how this study impacted revenues for other players in Lubricants Market
Clients Problem Statement
The client manufactures a wide range of lubricants for the automotive, industrial, and marine sectors. The client wanted to assess the off-highway lubricants market to expand its manufacturing, sales, and distribution capabilities worldwide. The key objective of the study was to assess the different application sectors that detailed the consumption of various equipment under every application, as well as the factors influencing the market at global, regional, and country levels for every application. Competitors product portfolios, advantages, manufacturing locations, as well as sales & distributors networks with the value chain of each company were also studied. Along with this, the customer supply chain, list of suppliers, application percentage of the products in equipment, the satisfaction level with the current supplier, and supply switching intent of the customers were also analyzed.
MnM Approach
The demand side approach was considered, wherein each application sector was further detailed.
For the construction & earth moving, agriculture, mining, and diesel generator sectors: The number of equipment (new sales, also accounting for the life cycle of each equipment), consumption per equipment, drainage interval, annual operating hours, and consumption of lubricant for each equipment was derived through secondary sources and primary validation.
For the inland marine sector, the vessel size, net active working %, no. of active working hours, lubrication interval, and consumption amount in kilotons were derived through secondary sources and primary validation.
For the railway sector, the non-electrified rail distance in all 28 countries and the lubricant consumption in railways was derived through secondary sources and primary validation.
The volume market was derived through the above approach, and the value market was calculated by considering the price of every product type and application. The bottom-up methodology was cast-off, wherein the country-level market size was summed to obtain the regional and global level market sizes.
Revenue Impact (RI)
The study helped the client understand the consumption of lubricant products in each individual country as well as the competitors market position. This information helped the company untap emerging economies and sectors. Currently, the company holds 5% of the market share with a presence in three application sectors. Around USD 400 million can be generated in the next five years.
Synthetic oil segment to witness the fastest growth during the forecast period.
Based on base oil, the global lubricant market is classified into mineral oil, synthetic oil, and bio-based oil. Mineral oil is the largest segment of the lubricants market due to its easy availability and low cost. However, the synthetic oil segment is expected to register the highest CAGR during the forecast period, mainly due to its superior properties.
Engine oil is projected to be the largest product type segment during the forecast period.
Engine oil is expected to lead the global lubricants market during the forecast period, followed by hydraulic oil. The dominance of engine oil is mainly due to its wide usability in the transportation sector as compared to the other types and its demand from the construction industry, especially from the construction vehicles.
Transportation is projected to be the largest application during the forecast period.
Based on the application, the market is segmented into transportation and industrial lubricants. The demand for lubricants is high in the transportation segment due to the rise in the number of vehicles on the road in China and the rising transportation demands in India and ASEAN.
APAC to account for the largest share of the global lubricants market during the forecast period.
APAC is expected to account for the largest share in the global lubricants industry during the forecast period, in terms of both volume and value. The increasing population in the region, accompanied by rising spending in the industrial sector and infrastructural developments in the developing markets of China, India, and Indonesia, is projected to make this region an ideal destination for the lubricants industry.
Key Market Players
The key market players profiled in the report include Royal Dutch Shell Plc. (Netherlands), ExxonMobil Corporation (U.S.), Chevron Corporation (U.S.), BP p.l.c. (U.K.), Total S.A. (France), Petrochina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), and Idemitsu Kosan Co. Ltd (Japan).
Royal Dutch Shell is one of the leading producers of lubricants. The company has undertaken expansion as its growth strategy in the lubricants market. For instance, in May 2019, the company opened its first lubricant laboratory in India. The laboratory will serve as a service provider for the growing demand for innovative lubricant products both in automotive and segments.
ExxonMobil is ranked at the second position in the lubricants market. The company offers hydraulic fluid, compressor oil, metalworking fluid, gear oil, and other lubricants such as turbine oil. The company focuses on new product launches and agreements to remain competitive in the lubricants market.
Scope Of The Report
|
Report Metric |
Details |
|
Years considered for the study |
20172024 |
|
Base year considered |
2018 |
| Forecast period | 20192024 |
| Units considered | Value (USD Thousand), Volume (Kiloton) |
| Segments covered | Base oil, Product Type, Application and Region |
| Regions covered | APAC, 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
- Bio-based Oil
Based on product type:
- Engine Oil
- Hydraulic fluid
- Metalworking fluid
- Gear Oil
- Compressor oil
- Grease
- Turbine Oil
- Others
- Transformer Oil
- Refrigeration Oil
- Textile Machinery Lubricants
Based on the application:
- Transportation
- Commercial vehicles
- Passenger vehicles
- Aviation
- Railways
- Marine
- Industrial
- Construction & Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive (Vehicle Manufacturing)
- Chemical
- Oil & Gas
- Textile
- Food Processing
- Others
Based on the region:
- APAC
- North America
- Europe
- Middle East & Arica
- South America
Key Questions addressed by the report
- What are the major developments impacting the market?
- Where will all the developments take the industry in the mid to long term?
- What is the emerging end-use industry of lubricants?
- What are the major factors impacting market growth during the forecast period?
- What will be the impact of Climate Control Change and other initiatives on the growth of the global industry?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 21)
1.1 Objectives of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Region Covered
1.4 Years Considered for The Study
1.5 Currency
1.6 Unit Considered
1.7 Limitations
1.8 Stakeholders
2 Research Methodology (Page No. - 25)
2.1 Base Number Calculation
2.1.1 Primary and Secondary Research
2.1.2 Market Size Calculation, By End-Use Industry
2.1.3 Market Size Calculation, By Base Oil
2.2 Forecast Number Calculation
2.3 Assumptions
2.4 Secondary Data
2.5 Primary Data
2.5.1 Breakdown of Primary Interviews
2.5.2 Key Industry Insights
3 Executive Summary (Page No. - 30)
4 Premium Insights (Page No. - 33)
4.1 Attractive Opportunities in The Lubricants Market
4.2 APAC Lubricants Market, By Base Oil and Country
4.3 Lubricants Market, By Region
4.4 Lubricants Market Attractiveness
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Automotive Industry in APAC and The Middle East & Africa
5.2.1.2 Growing GDP in APAC and Africa Led By Increasing Industrial Activities
5.2.1.3 Increased Demand for High-Performance Engines Leading The Lubricants Industry to Evolve and Grow
5.2.1.4 Expansion of Refinery CAPACities Driving The Market for Group Ii and Group Iii Base Oil
5.2.2 Restraints
5.2.2.1 Shift Toward Synthetic Lubricants Causing Shrink in The Overall Demand for Lubricants
5.2.2.2 Growth in Demand for Hybrid Vehicles and Increasing Battery Price Parity
5.2.3 Opportunities
5.2.3.1 Leveraging E-Commerce Industry to Increase Customer Reach
5.2.3.2 Demand for Renewable Energy to Positively Impact The Lubricants Market
5.2.3.3 Industrial Growth in Bric
5.2.4 Challenges
5.2.4.1 Volatile Crude Oil Prices Acting as A Challenge for The Lubricants Industry
5.2.4.2 Stringent Environmental Norms and Continuous Reforms By Governments
5.3 Porters 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
5.4 Industry Outlook
5.4.1 Automotive Industry
6 Lubricants Market, By Base Oil (Page No. - 45)
6.1 Introduction
6.2 Mineral Oil Lubricants
6.2.1 Growing Emphasis on Premium Grade Products to Affect The Market for Mineral Oil Lubricants
6.3 Synthetic Lubricants
6.3.1 Advantages of Synthetic Lubricants Over Mineral Oil-Based Lubricants to Drive The Market
6.4 Bio-Based Lubricants
6.4.1 Environment-Friendly Nature of Bio-Based Lubricants to Increase The Consumption
7 Lubricants Market, By Product Type (Page No. - 53)
7.1 Introduction
7.2 Engine Oil
7.2.1 APAC is The Largest Consumer of Engine Oil Globally
7.3 Hydraulic Oil
7.3.1 Growing Industrialization to Drive The Market for Hydraulic Oil
7.4 Metal Working Fluid
7.4.1 Growing Metal & Mining Industry to Drive The Metal Working Fluid Market
7.5 Gear Oil
7.5.1 Increased Spending on Industrial Infrastructure to Propel The Gear Oil Market
7.6 Compressor Oil
7.6.1 The Middle East & Africa is The Fastest-Growing Market for Compressor Oil
7.7 Grease
7.7.1 Mining, Construction, and Transport Sectors are The Major Consumers of Grease
7.8 Turbine Oil
7.8.1 Growing Power Generation to Drive The Turbine Oil Market
7.9 Others
8 Lubricants Market, By End-Use Industry (Page No. - 65)
8.1 Introduction
8.2 Transportation
8.2.1 Growing Population to Drive The Demand for Lubricants Market in Transportation Segment
8.2.2 Commercial Vehicle
8.2.2.1 Growing Need for Buses and Taxis to Drive The Demand for Lubricants in Commercial Vehicle Segment
8.2.3 Passenger Vehicle
8.2.3.1 Growing Demand for Passenger Cars to Significantly Influence The Market
8.2.3.2 4-Wheeler
8.2.3.3 2-Wheeler
8.2.4 Aviation
8.2.4.1 Increasing Living Standards and Decreasing Airfare to Drive The Market
8.2.5 Marine
8.2.5.1 China, India, and Asean Countries are The Engine of Growth for Lubricants Market in The Marine Industry
8.2.6 Railway
8.2.6.1 North America is The Largest Market for Lubricants in Railways
8.3 Industrial
8.3.1 Construction Sector is The Biggest Consumer of Lubricants in Industrial Segment
8.3.2 Construction
8.3.3 Metal & Mining
8.3.4 Cement Production
8.3.5 Power Generation
8.3.6 Automotive (Vehicle Manufacturing)
8.3.7 Chemical
8.3.8 Oil & Gas
8.3.9 Textile
8.3.10 Food Processing
8.3.11 Others
9 Lubricants Market, By Region (Page No. - 80)
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.1.1 Increasing Population in The Country Drives The Demand for Lubricants
9.2.2 Japan
9.2.2.1 Growing Automotive Production to Fuel The Lubricants Market
9.2.3 India
9.2.3.1 Rapid Urbanization and Growth in Population to Boost The Demand for Lubricants
9.2.4 South Korea
9.2.4.1 Growing Marine Industry to Generate Positive Impact on The Lubricants Market
9.2.5 Indonesia
9.2.5.1 Rising Oil Production to Spur The Demand for Lubricants
9.2.6 Thailand
9.2.6.1 Rising Production of Automotive Part to Drive The Demand for Lubricants
9.2.7 Australia & New Zealand
9.2.7.1 Growing Mining Industry to Drive The Demand for Lubricants
9.2.8 Rest of APAC
9.3 North America
9.3.1 US
9.3.1.1 Strong Industrial Infrastructure and Large Number of Existing Vehicle on Road are Likely to Fuel The Lubricants Market in The US
9.3.2 Canada
9.3.2.1 Increasing Environmental Awareness Stringent Governmental Norms Leading to High Growth of Synthetic Lubricants in Canada
9.3.3 Mexico
9.3.3.1 Growth in Power Generation, Oil & Gas, and Manufacturing Sectors Driving The Industrial Lubricants Market
9.4 Europe
9.4.1 Germany
9.4.1.1 Synthetic Lubricants Segment to Witness Highest Growth in Germany During The Forecast Period
9.4.2 Russia
9.4.2.1 Presence of Major Lubricant Manufacturing Companies Supporting The Market Growth in Russia
9.4.3 Italy
9.4.3.1 Transportation Sector to Continue Dominating The Lubricants Market in Italy
9.4.4 France
9.4.4.1 Rising Spending Power Due to Economic Growth Leading to Growth in Demand for Synthetic Lubricants
9.4.5 Spain
9.4.5.1 Lubricants Market in The Aviation Industry to Register High Growth During The Forecast Period
9.4.6 UK
9.4.6.1 Bio-Based Lubricants Market to Witness The Highest Growth Rate, in Terms of Value
9.4.7 Rest of Europe
9.4.7.1 Transport Sector is The Dominant Consumer of Lubricants in Rest of Europe
9.5 Middle East & Africa
9.5.1 Iran
9.5.1.1 Iran is The Largest Consumer of Lubricants in The Middle East & Africa
9.5.2 South Africa
9.5.2.1 Marine Industry is The Fastest-Growing Consumer of Lubricants in South Africa
9.5.3 Turkey
9.5.3.1 Favorable Geographical Location of Turkey Supports Growth of The Lubricants Market
9.5.4 Rest of Middle East & Africa
9.5.4.1 Synthetic Lubricants Market Witnessing High Growth Rate in Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.1.1 Mineral Oil Lubricants Likely to Dominate in The Near Future
9.6.2 Argentina
9.6.2.1 Market in Argentina Dominated By Mineral Oil-Based Lubricants
9.6.3 Rest of South America
9.6.3.1 Growing Environment Concerns to Support Growth of Synthetic Lubricants Market
10 Competitive Landscape (Page No. - 151)
10.1 Overview
10.2 Competitive Leadership Mapping (Overall Market)
10.2.1 Innovators
10.2.2 Visionary Leaders
10.2.3 Emerging Companies
10.2.4 Dynamic Differentiators
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Competitive Leadership Mapping (MSE)
10.5.1 Progressive Companies
10.5.2 Responsive Companies
10.6 Strength of Product Portfolio
10.7 Business Strategy Excellence
10.8 Market Share of Key Players
10.8.1 Royal Dutch Shell
10.8.2 Exxonmobil Corporation
10.8.3 BP P.L.C.
10.9 Competitive Situation and Trends
10.9.1 Expansion
10.9.2 Contract & Agreement
10.9.3 Acquisition
10.9.4 Joint Venture
10.9.5 New Product Launch
11 Company Profiles (Page No. - 163)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1 Royal Dutch Shell
11.2 Exxonmobil Corporation
11.3 BP P.L.C.
11.4 Chevron Corporation
11.5 Total S.A.
11.6 Petrochina Company Limited
11.7 Idemitsu Kosan Co. Ltd.
11.8 Sinopec Limited
11.9 Fuchs Petrolub AG
11.10 Jxtg Group
11.11 Valvoline
11.12 Lukoil
11.13 Petronas
11.14 Pertamina
11.15 Gazprom Neft
11.16 Indian Oil Corporation Limited
11.17 Phillips 66
11.18 Hindustan Petroleum Corporation Limited (HPCL)
11.19 Petrobras
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 209)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables (213 Tables)
Table 1 Increased Vehicle Sales and Higher Motorization Rate
Table 2 Industrial Growth Rate, 2018
Table 3 GDP Growth of Key Countries
Table 4 Bric Nations Accounted for 22% of The Total Vehicle on Road in 2015
Table 5 Sale of New Vehicles in Key Countries of APAC, 2018 (Units)
Table 6 Sale of New Vehicles in Key Countries of North America, 2018 (Units)
Table 7 Sale of New Vehicle in Key Countries of Europe, 2018 (Units)
Table 8 Sale of New Vehicle in Key Countries of South America, 2018 (Units)
Table 9 Sale of New Vehicle in Key Countries of Middle East & Africa, 2018 (Units)
Table 10 Category of Base Oils
Table 11 Lubricants Market Size, By Base Oil, 20172024 (Kiloton)
Table 12 Lubricants Market Size, By Base Oil, 20172024 (USD Million)
Table 13 Mineral Oil Lubricants Market Size, By Region, 20172024 (Kiloton)
Table 14 Mineral Oil Lubricants Market Size, By Region, 20172024 (USD Million)
Table 15 Synthetic Lubricants Market Size, By Region, 20172024 (Kiloton)
Table 16 Synthetic Lubricants Market Size, By Region, 20172024 (USD Million)
Table 17 Bio-Based Lubricants Market Size, By Region, 20172024 (Kiloton)
Table 18 Bio-Based Lubricants Market Size, By Region, 20172024 (USD Million)
Table 19 Lubricants Market Size, By Product Type, 20172024 (Kiloton)
Table 20 Lubricants Market Size, By Product Type, 20172024 (USD Million)
Table 21 Engine Oil: Lubricants Market Size, By Region, 20172024 (Kiloton)
Table 22 Engine Oil: Lubricants Market Size, By Region, 20172024 (USD Million)
Table 23 Hydraulic Oil: Lubricants Market Size, By Region, 20172024 (Kiloton)
Table 24 Hydraulic Oil: Lubricants Market Size, By Region, 20172024 (USD Million)
Table 25 Metal Working Fluid: Lubricants Market Size, By Region, 20172024 (Kiloton)
Table 26 Metal Working Fluid: Lubricants Market Size, By Region, 20172024 (USD Million)
Table 27 Gear Oil: Lubricants Market Size, By Region, 20172024 (Kiloton)
Table 28 Gear Oil: Lubricants Market Size, By Region, 20172024 (USD Million)
Table 29 Compressor Oil: Lubricants Market Size, By Region, 20172024 (Kiloton)
Table 30 Compressor Oil: Lubricants Market Size, By Region, 20172024 (USD Million)
Table 31 Grease: Lubricants Market Size, By Region, 20172024 (Kiloton)
Table 32 Grease: Lubricants Market Size, By Region, 20172024 (USD Million)
Table 33 Turbine Oil: Lubricants Market Size, By Region, 20172024 (Kiloton)
Table 34 Turbine Oil: Lubricants Market Size, By Region, 20172024 (USD Million)
Table 35 Others: Lubricants Market Size, By Region, 20172024 (Kiloton)
Table 36 Others: Lubricants Market Size, By Region, 20172024 (USD Million)
Table 37 Lubricants Market Size, By End-Use Industry, 2017-2024 (Kiloton)
Table 38 Lubricants Market Size, By End-Use Industry, 2017-2024 (USD Million)
Table 39 Lubricants Market Size in Transportation Industry, By Region, 20172024 (Kiloton)
Table 40 Lubricants Market Size in Transportation Industry, By Region, 20172024 (USD Million)
Table 41 Lubricants Market Size in Commercial Vehicle, By Region, 20172024 (Kiloton)
Table 42 Lubricants Market Size in Commercial Vehicle By Region, 20172024 (USD Million)
Table 43 Lubricants Market Size in Passenger Vehicle, By Region, 20172024 (Kiloton)
Table 44 Lubricants Market Size in Passenger Vehicle, By Region, 20172024 (USD Million)
Table 45 Lubricants Market Size in Passenger Vehicles, By Sub-Segment, 20172024 (Kiloton)
Table 46 Lubricants Market Size in Passenger Vehicles, By Sub-Segment, 20172024 (USD Million)
Table 47 Lubricants Market Size in 4-Wheeler Passenger Vehicle, By Region, 20172024 (Kiloton)
Table 48 Lubricants Market Size in 4-Wheeler Passenger Vehicle, By Region, 20172024 (USD Million)
Table 49 Lubricants Market Size in 2-Wheeler Passenger Vehicle, By Region, 20172024 (Kiloton)
Table 50 Lubricants Market Size in 2-Wheeler Passenger Vehicle, By Region, 20172024 (USD Million)
Table 51 Lubricants Market Size in Aviation Industry, By Region, 20172024 (Kiloton)
Table 52 Lubricants Market Size in Aviation Industry, By Region, 20172024 (USD Million)
Table 53 Lubricants Market Size in Marine Industry, By Region, 20172024 (Kiloton)
Table 54 Lubricants Market Size in Marine Industry, By Region, 20172024 (USD Million)
Table 55 Lubricants Market Size in Railway Industry, By Region, 20172024 (Kiloton)
Table 56 Lubricants Market Size in Railway Industry, By Region, 20172024 (USD Million)
Table 57 Lubricants Market Size, By Region, 2017-2024 (Kiloton)
Table 59 APAC: Lubricants Market Size, By Country, 20172024 (Kiloton)
Table 60 APAC: Lubricants Market Size, By Country, 20172024 (USD Million)
Table 61 APAC: Lubricants Market Size, By Base Oil, 20172024 (Kiloton)
Table 62 APAC: Lubricants Market Size, By Base Oil, 20172024 (USD Million)
Table 63 APAC: Lubricants Market Size, By Product Type, 20172024 (Kiloton)
Table 64 APAC: Lubricants Market Size, By Product Type, 20172024 (USD Million)
Table 65 APAC: Lubricants Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 66 APAC: Lubricants Market Size, By End-Use Industry, 20172024 (USD Million)
Table 67 APAC: Lubricants Market Size in Passenger Vehicle, By Sub-Application, 20172024 (Kiloton)
Table 68 APAC: Lubricants Market Size in Passenger Vehicle, By Sub-Application, 20172024 (USD Million)
Table 69 China: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 70 China: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 71 China: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 72 China: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 73 Japan: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 74 Japan: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 75 Japan: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 76 Japan: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 77 India: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 78 India: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 79 India: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 80 India: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 81 South Korea: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 82 South Korea: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 83 South Korea: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 84 South Korea: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 85 Indonesia: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 86 Indonesia: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 87 Indonesia: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 88 Indonesia: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 89 Thailand: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 90 Thailand: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 91 Thailand: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 92 Thailand: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 93 Australia & New Zealand : Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 94 Australia & New Zealand: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 95 Australia & New Zealand: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 96 Australia & New Zealand: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 97 Rest of APAC: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 98 Rest of APAC: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 99 Rest of APAC: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 100 Rest of APAC: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 101 North America: Lubricants Market Size, By Country, 20172024 (Kiloton)
Table 102 North America: Lubricants Market Size, By Country, 20172024 (USD Million)
Table 103 North America: Lubricants Market Size, By Base Oil, 20172024 (Kiloton)
Table 104 North America: Lubricants Market Size, By Base Oil, 20172024 (USD Million)
Table 105 North America: Lubricants Market Size, By Product Type, 20172024 (Kiloton)
Table 106 North America: Lubricants Market Size, By Product Type, 20172024 (USD Million)
Table 107 North America: Lubricants Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 108 North America: Lubricants Market Size, By End-Use Industry, 20172024 (USD Million)
Table 109 North America: Lubricants Market Size in Passenger Vehicle, By Sub-Application, 20172024 (Kiloton)
Table 110 North America: Lubricants Market Size in Passenger Vehicle, By Sub-Application, 20172024 (USD Million)
Table 111 US: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 112 US: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 113 US: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 114 US: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 115 Canada: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 116 Canada: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 117 Canada: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 118 Canada: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 119 Mexico: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 120 Mexico: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 121 Mexico: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 122 Mexico: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 123 Europe: Lubricants Market Size, By Country, 20172024 (Kiloton)
Table 124 Europe: Lubricants Market Size, By Country, 20172024 (USD Million)
Table 125 Europe: Lubricants Market Size, By Base Oil, 20172024 (Kiloton)
Table 126 Europe: Lubricants Market Size, By Base Oil, 20172024 (USD Million)
Table 127 Europe: Lubricants Market Size, By Product Type, 20172024 (Kiloton)
Table 128 Europe: Lubricants Market Size, By Product Type, 20172024 (USD Million)
Table 129 Europe: Lubricants Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 130 Europe: Lubricants Market Size, By End-Use Industry, 20172024 (USD Million)
Table 131 Europe: Lubricants Market Size in Passenger Vehicle, By Sub-Application, 20172024 (Kiloton)
Table 132 Europe: Lubricants Market Size in Passenger Vehicle, By Sub-Application, 20172024 (Kiloton)
Table 133 Germany : Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 134 Germany: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 135 Germany: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 136 Germany: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 137 Russia: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 138 Russia: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 139 Russia: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 140 Russia: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 141 Italy: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 142 Italy: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 143 Italy: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 144 Italy: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 145 France: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 146 France: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 147 France: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 148 France: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 149 Spain: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 150 Spain: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 151 Spain: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 152 Spain: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 153 UK: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 154 UK: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 155 UK: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 156 UK: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 157 Rest of Europe: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 158 Rest of Europe: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 159 Rest of Europe : Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 160 Rest of Europe: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 161 Middle East & Africa: Lubricants Market Size, By Country, 20172024 (Kiloton)
Table 162 Middle East & Africa: Lubricants Market Size, By Country, 20172024 (USD Million)
Table 163 Middle East & Africa: Lubricants Market Size, By Base Oil, 20172024 (Kiloton)
Table 164 Middle East & Africa: Lubricants Market Size, By Base Oil, 20172024 (USD Million)
Table 165 Middle East & Africa: Lubricants Market Size, By Product Type, 20172024 (Kiloton)
Table 166 Middle East & Africa: Lubricants Market Size, By Product Type, 20172024 (USD Million)
Table 167 Middle East & Africa: Lubricants Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 168 Middle East & Africa: Lubricants Market Size, By End-Use Industry, 20172024 (USD Million)
Table 169 Middle East & Africa: Lubricants Market Size in Passenger Vehicle, By Sub-Application, 20172024 (Kiloton)
Table 170 Middle East & Africa: Lubricants Market Size in Passenger Vehicle, By Sub-Application, 20172024 (USD Million)
Table 171 Iran: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 172 Iran: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 173 Iran: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 174 Iran: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 175 South Africa: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 176 South Africa: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 177 South Africa: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 178 South Africa: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 179 Turkey: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 180 Turkey: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 181 Turkey: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 182 Turkey: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 183 Rest of Middle East & Africa: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 184 Rest of Middle East & Africa: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 185 Rest of Middle East & Africa: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 186 Rest of Middle East & Africa: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 187 South America: Lubricants Market Size, By Country, 20172024 (Kiloton)
Table 188 South America: Lubricants Market Size, By Country, 20172024 (USD Million)
Table 189 South America: Lubricants Market Size, By Base Oil, 20172024 (Kiloton)
Table 190 South America: Lubricants Market Size, By Base Oil, 20172024 (USD Million)
Table 191 South America: Lubricants Market Size, By Product Type, 20172024 (Kiloton)
Table 192 South America: Lubricants Market Size, By Product Type, 20172024 (USD Million)
Table 193 South America: Lubricants Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 194 South America: Lubricants Market Size, By End-Use Industry, 20172024 (USD Million)
Table 195 South America: Lubricants Market Size in Passenger Vehicle, By Sub-Application, 20172024 (Kiloton)
Table 196 South America: Lubricants Market Size in Passenger Vehicle, By Sub-Application, 20172024 (USD Million)
Table 197 Brazil: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 198 Brazil: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 199 Brazil: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 200 Brazil: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 201 Argentina: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 202 Argentina: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 203 Argentina: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 204 Argentina: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 205 Rest of South America: Lubricants Market Size, By Base Oil, 20172024 (Ton)
Table 206 Rest of South America: Lubricants Market Size, By Base Oil, 20172024 (USD Thousand)
Table 207 Rest of South America: Lubricants Market Size, By End-Use Industry, 20172024 (Ton)
Table 208 Rest of South America: Lubricants Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 209 Expansion, 20152019
Table 210 Contract & Agreement, 20172019
Table 211 Acquisition, 20182019
Table 212 Joint Venture, 2016
Table 213 New Product Launch, 20182019
List of Figures (53 Figures)
Figure 1 Lubricants: Market Segmentation
Figure 2 Mineral Oil Segment Accounted for The Larger Market Share in 2018
Figure 3 Engine Oil to Be The Leading Type of Lubricants in The Overall Market
Figure 4 Passenger Vehicle to Be The Dominant Consumer of Lubricants in The Transportation Industry
Figure 5 Construction to Be The Leading End User of Lubricants in Industrial Sector
Figure 6 APAC Accounted for The Largest Market Share in 2018
Figure 7 Steady Growth in The Lubricants Market During The Forecast Period
Figure 8 China Led The APAC Lubricants Market in 2018
Figure 9 APAC to Be The Largest Market for Lubricants During The Forecast Period
Figure 10 China is Projected to Be Fastest-Growing Market During The Forecast Period
Figure 11 Factors Governing The Lubricants Market
Figure 12 Lubricants Market: Porters Five Forces Analysis
Figure 13 Mineral Oil Lubricants to Dominate The Overall Lubricants Market During The Forecast Period
Figure 14 Factors Affecting The Global Synthetic Lubricants Market
Figure 15 Engine Oil to Dominate The Lubricants Market Between 2019 and 2024
Figure 16 Passenger Vehicle to Be The Largest Consumer of Lubricants in Transportation Industry
Figure 17 Construction to Be The Largest Consumer of Lubricants in Industrial Sector
Figure 18 APAC to Be The Largest Market for Lubricants During The Forecast Period
Figure 19 APAC Market Snapshot: China Dominates The Lubricants Market in APAC
Figure 20 North America: Lubricants Market Snapshot
Figure 21 Europe: Lubricants Market Snapshot
Figure 22 Lubricants Market Competitive Leadership Mapping, 2018
Figure 23 Strength of Product Portfolio, 2018
Figure 24 Business Strategy Excellence, 2018
Figure 25 Medium-Sized Enterprises (Mse) Mapping, 2018
Figure 26 Strength of Product Portfolio, 2018
Figure 27 Business Strategy Excellence, 2018
Figure 28 Expansion Was The Key Growth Strategy Adopted By Major Players Between 2015 and 2019
Figure 29 Lubricants Market Share, By Company, 2018
Figure 30 Royal Dutch Shell: Company Snapshot
Figure 31 Royal Dutch Shell: SWOT Analysis
Figure 32 Exxonmobil Corporation: Company Snapshot
Figure 33 Exxonmobil Corporation: SWOT Analysis
Figure 34 Bp P.L.C.: Company Snapshot
Figure 35 Bp P.L.C.: SWOT Analysis
Figure 36 Chevron Corporation: Company Snapshot
Figure 37 Chevron Corporation: SWOT Analysis
Figure 38 Total S.A.: Company Snapshot
Figure 39 Total S.A.: SWOT Analysis
Figure 40 Petrochina Company Limited: Company Snapshot
Figure 41 Idemitsu Kosan Co. Ltd.: Company Snapshot
Figure 42 Sinopec Limited: Company Snapshot
Figure 43 Fuchs Petrolub Ag: Company Snapshot
Figure 44 Jxtg Group Petrolub Ag: Company Snapshot
Figure 45 Valvoline: Company Snapshot
Figure 46 Lukoil: Company Snapshot
Figure 47 Petronas: Company Snapshot
Figure 48 Pertamina: Company Snapshot
Figure 49 Gazprom Neft: Company Snapshot
Figure 50 Indian Oil Corporation Limited: Company Snapshot
Figure 51 Phillips 66: Company Snapshot
Figure 52 Hindustan Petroleum Corporation Limited: Company Snapshot
Figure 53 Petrobras: Company Snapshot
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.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the lubricants market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
The key players in the industry were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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, 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 companys 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)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Lubricants Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Lubricants Market
Information on all lubricant brands & characteristics to be used for investment study
Market insights on lubricants.
General information on lubricants market
Looking for brochure of the market
Automobile lubricants market in Qatar
Market share of any independent lubricant manufacture
Need to formulate sales strategy to transition from focusing on transformer oils to industrial oils sales segment
Market trend and forecast on Industrial lubircants market, especially, Wind power generator and Plastic&Rubber injectiton or extrude machine lubricants
Specific information required for Vietnam import and production of lubricants
Information Industrial Oil/Lubricant & Grease Consumption (Import + Locally purchased) in Vietnam
Volume of lubricants for mineral oil and synthetic oil. and types, Market share per competitor, Growth market, Which customer to target, what product to offer and strategy to take for lubricants market in the Philippines.
Phillipines market entry and competitive landscape for lubricants
General information on lubricants market
Information on the American market to enter the US market
General information on Lubricants Market
General information on lubricants market
Detailed information on Lubricants Market
Development of electric and hybrid cars in the APAC and its impact on Lubricant industry.
Specific information required for Hydraulic Fluids, Metalworking Fluids, Chainsaw Oils, Mold Release Agents
General information required on lubricants
Information on Lubricant Market Size, Growth, Potential and Players
Market share analysis of suppliers in the Lubricants market.
Lubricants market for Malaysia and market share analysis by player and players segment
Market data for global special lubricants
PTFE (so high temperature and chemical resistance necessary) or PFPE - fluoropolymers based lubricant
Lubricant for North-American market report and PTFE used in lubricants
AUTOMOBILE LUBRICANTS market size and share in India
clarification onnumbers provided for lubricants market compared to other reports
I would like to know the market participation of all oil companies in lubricants on area basis,Price list of products, marketing network.
Competitve benchmarking and market ranking for lubricants present in the market
Lubricants market for Kazakhstan and Central Asia countries along with market share of major interntional and local players
Specific information on European Lubicants Market by vehicle type, supplier market share, trends, and distribution channels
Lubricants market.
General information on Lubricants Market
Customized information on Import-Export or supply-demand scenario of lubricants for select countries and regions.
Interested in global lubricant market study
Share of India and APAC lubricant market in Global market
Detailed study on lubricating oils and metal working fluids
Market supply and demand required for Industrial machinery lubricants in Philippines
Interested in lubricants market
Data on Market size and share by companies in the industrial lubricant (SHC)and grease production, with a deep dive on top five suppliers.
Current market size of lubricant along with forecasted market for transportation and industrial
Details about the consumption of various Lubricants for Industrial Machinery, Trucks, Heavy Earthmoving Equipment.
Specific information on demand for lubricants for motorcycle industry in Asia