Lubricants Market

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 2025

Report Code: CH 2730 Jun, 2020, by marketsandmarkets.com
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[324 Pages Report] The global lubricants market size is projected to reach USD 182.6 billion by 2025 from USD 157.6 billion in 2020, at a CAGR of 3.0%. Growth in 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.

Lubricants Market

Impact of COVID-19 on Lubricants Market

COVID-19 has exposed many challenges for the lubricants industry by impacting both transportation and industrial sector. Major economies of each region are affected due to pandemic and resulted in slowdown in activities across the industries that uses lubricants in their machineries and equipement. On the otherhand, lockdown has impacted the transportation sector with very less movement of commercial and passenger vehicle and airlines grounded completely across the globe. The market is expected to recover from 2021 onwards with industrial and transportation activities getting back on track and functioning with full capacities.

Market Dynamics

Driver: Increased demand for high performance engines leading the lubricant industry to evolve and grow

Since the first commercial car was developed by Ford in the early 20th century, the design of internal combustion engines has evolved significantly. The internal elements of the engine are now exposed to much more tension and heat due to engine improvement. This also has led to very high RPM engines which require better quality engine oil. Apart from this, the transmission system inside a vehicle has also improved with vehicle reaching up to 150 miles per hour. The gear system and bearing technology have also improved. All these improvements and evolution necessitates better lubricants. This has led the lubricants to evolve and expand.

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

Hybrid vehicles contain both a small internal combustion engine (ICE) and an electric motor for optimum power utilization and reducing emissions from vehicles. ICE inside a vehicle needs lubricants, mostly engine oil, and transmission fluid. The growing number of hybrid vehicles will reduce the demand for lubricants per vehicle almost by half, as per industry experts. This factor, coupled with increasing battery parity, will reduce the volume of the global lubricants market. Batteries for electric vehicles are very costly; however, with improved technology, the cost is reducing, and driving range per charge is increasing. These factors have a huge impact on lubricant consumption. According to industry experts, in the current scenario, engine oil accounts for more than 40% of the total lubricants market.

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

The power industry is a large consumer of industrial lubricants, ranging from turbine oil to transformer oil. Lubricants are used in various operations. The renewable energy industry is a prospective sub-segment of the power generation industry. Currently, wind power generation accounts for a very small share in the overall energy mix, but the sector is growing at a rate of 10% and has reached a capacity of 596,556 megawatts in 2018, as per world wind energy association. Wind turbines require lubricants for optimum operability.

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.

Lubricants Market by Region

Europe to account for the second largest share of the global lubricants market during the forecast period.

Europe is expected to account for the second largest share in the global lubricants industry during the forecast period, in terms of both volume and value. The major factor for this is the growth of various industrial sectors, coupled with the growing number of automobiles in the countries. However, Russia is expected to register the highest growth rate among the European nations due to policy differences. Russia is not a part of the EU and, thus, does not abide by the stringent auto regulations and norms.

Lubricants Market by Region

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
  • 2018-2025
  • Base Year Considered
  • 2019
  • Forecast period
  • 2020–2025
  • Units considered
  • Value (USD), Volume (Kiloton)
  • Segments covered
  • Base oil, Product Type, End-Use Industry, 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 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:

  • 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. - 44)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 LUBRICANTS MARKET, BY BASE OIL: INCLUSIONS & EXCLUSIONS
           1.2.2 LUBRICANTS MARKET, BY PRODUCT TYPE: INCLUSIONS & EXCLUSIONS
           1.2.3 LUBRICANTS MARKET, BY END-USE INDUSTRY: INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           FIGURE 1 LUBRICANTS: MARKET SEGMENTATION
           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. - 49)
    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 COVID-19 FACTORS IMPACTING THE LUBRICANTS MARKET IN 2020
    2.3 COVID-19 IMPACT ON TRANSPORTATION INDUSTRY
    2.4 FORECAST NUMBER CALCULATION
    2.5 ASSUMPTIONS
    2.6 SECONDARY DATA
    2.7 PRIMARY DATA
           2.7.1 BREAKDOWN OF PRIMARY INTERVIEWS
           2.7.2 KEY INDUSTRY INSIGHTS

3 EXECUTIVE SUMMARY (Page No. - 55)
      FIGURE 2 MINERAL OIL SEGMENT ACCOUNTED FOR THE LARGER MARKET SHARE IN 2019
      FIGURE 3 ENGINE OIL TO BE THE LEADING TYPE OF LUBRICANTS IN THE OVERALL MARKET
      FIGURE 4 LUBRICANTS MARKET SIZE: PRE-COVID-19 VS. POST COVID-19 SCENARIO
      FIGURE 5 PASSENGER VEHICLE TO BE THE DOMINANT CONSUMER OF LUBRICANTS IN THE TRANSPORTATION INDUSTRY
      FIGURE 6 CONSTRUCTION TO BE THE LEADING END USER OF LUBRICANTS IN INDUSTRIAL SECTOR
      FIGURE 7 APAC ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2019

4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE LUBRICANTS MARKET
            FIGURE 8 STEADY GROWTH IN THE LUBRICANTS MARKET DURING THE FORECAST PERIOD
    4.2 APAC LUBRICANTS MARKET, BY BASE OIL AND COUNTRY
            FIGURE 9 CHINA LED THE APAC LUBRICANTS MARKET IN 2019
    4.3 LUBRICANTS MARKET, BY REGION
            FIGURE 10 APAC TO BE THE LARGEST MARKET FOR LUBRICANTS DURING THE FORECAST PERIOD
    4.4 LUBRICANTS MARKET ATTRACTIVENESS
            FIGURE 11 CHINA IS PROJECTED TO BE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
            FIGURE 12 FACTORS GOVERNING THE LUBRICANTS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increased demand for high-performance engines leading the lubricants industry to evolve and grow
                    5.2.1.2 Expansion of refinery capacities driving the market for Group II and Group III base oil
                    5.2.1.3 Emission and fuel economy norms to drive demand for lubricants in emerging markets after COVID-19
                               TABLE 1 IMPLEMENTATION EMISSION STANDARDS FOR LIGHT-DUTY VEHICLES IN CHINA
                    5.2.1.4 Lower crude oil prices will benefit lubricants suppliers after COVID-19
                               TABLE 2 CRUDE OIL PRICE FORECAST
           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
           5.2.4 CHALLENGES
                    5.2.4.1 Stringent environmental norms and continuous reforms by governments
    5.3 PORTER’S FIVE FORCES ANALYSIS
            FIGURE 13 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
    5.4 IMPACT OF COVID-19 ON LUBRICANTS MARKET
           5.4.1 DISRUPTION IN AUTOMOTIVE INDUSTRY
                    5.4.1.1 Impact on customers’ output & strategies to resume/improve production
                               TABLE 3 AUTOMOTIVE COMPANIES’ ANNOUNCEMENTS
                    5.4.1.2 Customer’s most impacted regions
                    5.4.1.3 Risk assessment and opportunities
                               TABLE 4 OPPORTUNITY ASSESSMENT IN AUTOMOTIVE INDUSTRY – SHORT TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAIN
                    5.4.1.4 MnM viewpoint on growth outlook and new market opportunities
           5.4.2 DISRUPTION IN METAL & MINING INDUSTRY
                    5.4.2.1 Impact on customers’ output & strategies to resume/improve production
                               TABLE 5 MINING COMPANIES’ ANNOUNCEMENTS
                    5.4.2.2 Customer’s most impacted regions
                    5.4.2.3 Risk assessment and opportunities
                               TABLE 6 OPPORTUNITY ASSESSMENT IN MINING INDUSTRY – SHORT TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAIN
                    5.4.2.4 MnM viewpoint on growth outlook and new market opportunities
           5.4.3 DISRUPTION IN CONSTRUCTION INDUSTRY
                    5.4.3.1 Impact on customers’ output & strategies to resume/improve production
                               TABLE 7 CONSTRUCTION COMPANIES’ ANNOUNCEMENTS
                    5.4.3.2 Customer’s most impacted regions
                    5.4.3.3 MnM viewpoint on growth outlook and new market opportunities
           5.4.4 DISRUPTION IN OIL & GAS INDUSTRY
                    5.4.4.1 Impact on customers’ output & strategies to resume/improve production
                               TABLE 8 OIL & GAS COMPANIES’ ANNOUNCEMENTS
                    5.4.4.2 Customer’s most impacted regions
                               TABLE 9 OPPORTUNITY ASSESSMENT IN OIL & GAS INDUSTRY – SHORT TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAIN
                    5.4.4.3 MnM viewpoint on growth outlook and new market opportunities

6 LUBRICANTS MARKET, BY BASE OIL (Page No. - 80)
    6.1 INTRODUCTION
            TABLE 10 CATEGORY OF BASE OILS
            FIGURE 14 MINERAL OIL LUBRICANTS TO DOMINATE THE OVERALL LUBRICANTS MARKET DURING THE FORECAST PERIOD
            TABLE 11 LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
            TABLE 12 LUBRICANTS MARKET SIZE, BY BASE OIL, 2020–2025 (KILOTON)
            TABLE 13 LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
            TABLE 14 LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
    6.2 MINERAL OIL LUBRICANTS
           6.2.1 GROWING EMPHASIS ON PREMIUM GRADE PRODUCTS TO AFFECT THE MARKET FOR MINERAL OIL LUBRICANTS
                    TABLE 15 MINERAL OIL LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                    TABLE 16 MINERAL OIL LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
                    TABLE 17 MINERAL OIL LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 18 MINERAL OIL LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
    6.3 SYNTHETIC LUBRICANTS
            FIGURE 15 FACTORS AFFECTING THE GLOBAL SYNTHETIC LUBRICANTS MARKET
            TABLE 19 SYNTHETIC LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
            TABLE 20 SYNTHETIC LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
            TABLE 21 SYNTHETIC LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
            TABLE 22 SYNTHETIC LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
           6.3.1 PAO
           6.3.2 PAG
           6.3.3 ESTERS
           6.3.4 GROUP III (HYDROCRACKING)
    6.4 BIO-BASED LUBRICANTS
           6.4.1 ENVIRONMENT-FRIENDLY NATURE OF BIO-BASED LUBRICANTS TO INCREASE THE CONSUMPTION
                    TABLE 23 BIO-BASED LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                    TABLE 24 BIO-BASED LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
                    TABLE 25 BIO-BASED LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 26 BIO-BASED LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)

7 LUBRICANTS MARKET, BY PRODUCT TYPE (Page No. - 91)
    7.1 INTRODUCTION
            FIGURE 16 ENGINE OIL TO DOMINATE THE LUBRICANTS MARKET BETWEEN 2020 AND 2025
            TABLE 27 LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON)
            TABLE 28 LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (KILOTON)
            TABLE 29 LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
            TABLE 30 LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
    7.2 ENGINE OIL
           7.2.1 APAC IS THE LARGEST CONSUMER OF ENGINE OIL GLOBALLY
                    TABLE 31 ENGINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                    TABLE 32 ENGINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
                    TABLE 33 ENGINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 34 ENGINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
    7.3 HYDRAULIC OIL
            TABLE 35 HYDRAULIC OIL: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
            TABLE 36 HYDRAULIC OIL: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
            TABLE 37 HYDRAULIC OIL: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
            TABLE 38 HYDRAULIC OIL: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
           7.3.1 HL HYDRAULIC FLUID
           7.3.2 HLP HYDRAULIC FLUID
           7.3.3 HLP-D HYDRAULIC FLUID
           7.3.4 FIRE-RESISTANT HYDRAULIC FLUID
    7.4 METALWORKING FLUID
            TABLE 39 METALWORKING FLUID: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
            TABLE 40 METALWORKING FLUID: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
            TABLE 41 METALWORKING FLUID: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
            TABLE 42 METALWORKING FLUID: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
           7.4.1 REMOVAL METALWORKING FLUID
           7.4.2 PROTECTING METALWORKING FLUID
           7.4.3 FORMING METALWORKING FLUID
           7.4.4 TREATING METALWORKING FLUID
    7.5 GEAR OIL
            TABLE 43 GEAR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
            TABLE 44 GEAR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
            TABLE 45 GEAR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
            TABLE 46 GEAR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
           7.5.1 RUST & CORROSION INHIBITED GEAR OIL
           7.5.2 COMPOUNDED GEAR OIL
           7.5.3 EXTREME PRESSURE GEAR OIL
    7.6 COMPRESSOR OIL
           7.6.1 MIDDLE EAST & AFRICA IS FASTEST-GROWING MARKET FOR COMPRESSOR OIL
                    TABLE 47 COMPRESSOR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                    TABLE 48 COMPRESSOR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
                    TABLE 49 COMPRESSOR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 50 COMPRESSOR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
    7.7 GREASE
            TABLE 51 GREASE: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
            TABLE 52 GREASE: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
            TABLE 53 GREASE: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
            TABLE 54 GREASE: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
           7.7.1 METALLIC SOAP THICKENER
           7.7.2 LITHIUM
           7.7.3 CALCIUM
           7.7.4 ALUMINUM
           7.7.5 SODIUM
           7.7.6 OTHER METALLIC SOAP
           7.7.7 NON-SOAP THICKENER
           7.7.8 INORGANIC THICKENER
                    7.7.8.1 Clay
                    7.7.8.2 Silica
           7.7.9 OTHER THICKENERS
    7.8 TURBINE OIL
           7.8.1 GROWING POWER GENERATION TO DRIVE THE TURBINE OIL MARKET
                    TABLE 55 TURBINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                    TABLE 56 TURBINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
                    TABLE 57 TURBINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 58 TURBINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
    7.9 OTHERS
           7.9.1 TRANSFORMER OIL
           7.9.2 REFRIGERATION OIL
           7.9.3 TEXTILE MACHINERY LUBRICANTS
                    TABLE 59 OTHERS: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
                    TABLE 60 OTHERS: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
                    TABLE 61 OTHERS: LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 62 OTHERS: LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)

8 LUBRICANTS MARKET, BY END-USE INDUSTRY (Page No. - 112)
    8.1 INTRODUCTION
            TABLE 63 LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
            TABLE 64 LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
            TABLE 65 LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
            TABLE 66 LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
    8.2 TRANSPORTATION
           8.2.1 GROWING POPULATION TO DRIVE THE DEMAND FOR LUBRICANTS MARKET IN TRANSPORTATION SEGMENT
                    FIGURE 17 PASSENGER VEHICLE TO BE THE LARGEST CONSUMER OF LUBRICANTS IN TRANSPORTATION INDUSTRY
                    TABLE 67 LUBRICANTS MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION, 2016–2019 (KILOTON)
                    TABLE 68 LUBRICANTS MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION, 2020-2025 (KILOTON)
                    TABLE 69 LUBRICANTS MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 70 LUBRICANTS MARKET SIZE IN TRANSPORTATION INDUSTRY, BY REGION, 2020-2025 (USD MILLION)
           8.2.2 COMMERCIAL VEHICLE
                    8.2.2.1 Growing need for buses and taxis to drive demand for lubricants in commercial vehicles
                                TABLE 71 LUBRICANTS MARKET SIZE IN COMMERCIAL VEHICLE, BY REGION, 2016–2019 (KILOTON)
                                TABLE 72 LUBRICANTS MARKET SIZE IN COMMERCIAL VEHICLE, BY REGION, 2020-2025 (KILOTON)
                                TABLE 73 LUBRICANTS MARKET SIZE IN COMMERCIAL VEHICLE, BY REGION, 2016–2019 (USD MILLION)
                                TABLE 74 LUBRICANTS MARKET SIZE IN COMMERCIAL VEHICLE, BY REGION, 2020-2025 (USD MILLION)
           8.2.3 PASSENGER VEHICLE
                    8.2.3.1 Growing demand for passenger cars to significantly influence the market
                                TABLE 75 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY REGION, 2016–2019 (KILOTON)
                                TABLE 76 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY REGION, 2020-2025 (KILOTON)
                                TABLE 77 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY REGION, 2016–2019 (USD MILLION)
                                TABLE 78 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY REGION, 2020-2025 (USD MILLION)
                                TABLE 79 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (KILOTON)
                                TABLE 80 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (KILOTON)
                                TABLE 81 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (USD MILLION)
                                TABLE 82 LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (USD MILLION)
                    8.2.3.2 4-Wheeler
                                TABLE 83 LUBRICANTS MARKET SIZE IN 4-WHEELER PASSENGER VEHICLE, BY REGION, 2016–2019 (KILOTON)
                                TABLE 84 LUBRICANTS MARKET SIZE IN 4-WHEELER PASSENGER VEHICLE, BY REGION, 2020-2025 (KILOTON)
                                TABLE 85 LUBRICANTS MARKET SIZE IN 4-WHEELER PASSENGER VEHICLE, BY REGION, 2016–2019 (USD MILLION)
                                TABLE 86 LUBRICANTS MARKET SIZE IN 4-WHEELER PASSENGER VEHICLE, BY REGION, 2020-2025 (USD MILLION)
                    8.2.3.3 2-Wheeler
                                TABLE 87 LUBRICANTS MARKET SIZE IN 2-WHEELER PASSENGER VEHICLE, BY REGION, 2016–2019 (KILOTON)
                                TABLE 88 LUBRICANTS MARKET SIZE IN 2-WHEELER PASSENGER VEHICLE, BY REGION, 2020-2025 (KILOTON)
                                TABLE 89 LUBRICANTS MARKET SIZE IN 2-WHEELER PASSENGER VEHICLE, BY REGION, 2016–2019 (USD MILLION)
                                TABLE 90 LUBRICANTS MARKET SIZE IN 2-WHEELER PASSENGER VEHICLE, BY REGION, 2020-2025 (USD MILLION)
           8.2.4 AVIATION
                    8.2.4.1 Increasing living standards and decreasing airfare to drive the market
                                TABLE 91 LUBRICANTS MARKET SIZE IN AVIATION INDUSTRY, BY REGION, 2016–2019 (KILOTON)
                                TABLE 92 LUBRICANTS MARKET SIZE IN AVIATION INDUSTRY, BY REGION, 2020-2025 (KILOTON)
                                TABLE 93 LUBRICANTS MARKET SIZE IN AVIATION INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                                TABLE 94 LUBRICANTS MARKET SIZE IN AVIATION INDUSTRY, BY REGION, 2020-2025 (USD MILLION)
           8.2.5 MARINE
                    8.2.5.1 China, India, and ASEAN countries are drivers of lubricants market in marine industry
                                TABLE 95 LUBRICANTS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2016–2019 (KILOTON)
                                TABLE 96 LUBRICANTS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2020-2025 (KILOTON)
                                TABLE 97 LUBRICANTS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                                TABLE 98 LUBRICANTS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2020-2025 (USD MILLION)
           8.2.6 RAILWAY
                    8.2.6.1 North America is largest market for lubricants in railways
                                TABLE 99 LUBRICANTS MARKET SIZE IN RAILWAYS INDUSTRY, BY REGION, 2016–2019 (KILOTON)
                                TABLE 100 LUBRICANTS MARKET SIZE IN RAILWAYS INDUSTRY, BY REGION, 2020-2025 (KILOTON)
                                TABLE 101 LUBRICANTS MARKET SIZE IN RAILWAYS INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                                TABLE 102 LUBRICANTS MARKET SIZE IN RAILWAYS INDUSTRY, BY REGION, 2020-2025 (USD MILLION)
    8.3 INDUSTRIAL
           8.3.1 CONSTRUCTION SECTOR IS BIGGEST CONSUMER OF LUBRICANTS IN INDUSTRIAL SEGMENT
                     FIGURE 18 CONSTRUCTION TO BE LARGEST CONSUMER OF LUBRICANTS IN INDUSTRIAL SECTOR
           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. - 135)
    9.1 INTRODUCTION
           FIGURE 19 APAC TO BE THE LARGEST MARKET FOR LUBRICANTS DURING THE FORECAST PERIOD
           TABLE 103 LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
           TABLE 104 LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (KILOTON)
           TABLE 105 LUBRICANTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
           TABLE 106 LUBRICANTS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
    9.2 APAC
           FIGURE 20 APAC MARKET SNAPSHOT: CHINA DOMINATES THE LUBRICANTS MARKET
           TABLE 107 APAC: LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
           TABLE 108 APAC: LUBRICANTS MARKET SIZE, BY COUNTRY, 2020-2025 (KILOTON)
           TABLE 109 APAC: LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 110 APAC: LUBRICANTS MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
           TABLE 111 APAC: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
           TABLE 112 APAC: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
           TABLE 113 APAC: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
           TABLE 114 APAC: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
           TABLE 115 APAC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON)
           TABLE 116 APAC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (KILOTON)
           TABLE 117 APAC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
           TABLE 118 APAC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
           TABLE 119 APAC: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
           TABLE 120 APAC: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
           TABLE 121 APAC: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
           TABLE 122 APAC: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           TABLE 123 APAC: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (KILOTON)
           TABLE 124 APAC: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (KILOTON)
           TABLE 125 APAC: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (USD MILLION)
           TABLE 126 APAC: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (USD MILLION)
           9.2.1 CHINA
                    9.2.1.1 Increasing population in the country drives the demand for lubricants
                               TABLE 127 CHINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 128 CHINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 129 CHINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 130 CHINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 131 CHINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 132 CHINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 133 CHINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 134 CHINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.2.2 JAPAN
                    9.2.2.1 Increasing number of vehicles on road to fuel the lubricants market
                               TABLE 135 JAPAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 136 JAPAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 137 JAPAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 138 JAPAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 139 JAPAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 140 JAPAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 141 JAPAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 142 JAPAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.2.3 INDIA
                    9.2.3.1 Rapid urbanization and growth in population to boost the demand for lubricants
                               TABLE 143 INDIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 144 INDIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 145 INDIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 146 INDIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 147 INDIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 148 INDIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 149 INDIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 150 INDIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.2.4 SOUTH KOREA
                    9.2.4.1 Growing marine industry to generate positive impact on the lubricants market
                               TABLE 151 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 152 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 153 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 154 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 155 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 156 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 157 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 158 SOUTH KOREA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.2.5 INDONESIA
                    9.2.5.1 Rising oil production to spur the demand for lubricants
                               TABLE 159 INDONESIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 160 INDONESIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 161 INDONESIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 162 INDONESIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 163 INDONESIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 164 INDONESIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 165 INDONESIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 166 INDONESIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.2.6 THAILAND
                    9.2.6.1 Rising production of automotive part to drive the demand for lubricants
                               TABLE 167 THAILAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 168 THAILAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 169 THAILAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 170 THAILAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 171 THAILAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 172 THAILAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 173 THAILAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 174 THAILAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.2.7 AUSTRALIA & NEW ZEALAND
                    9.2.7.1 Growing mining industry to drive the demand for lubricants
                               TABLE 175 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 176 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 177 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 178 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 179 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 180 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 181 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 182 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
    9.3 NORTH AMERICA
           FIGURE 21 NORTH AMERICA: LUBRICANTS MARKET SNAPSHOT
           TABLE 183 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
           TABLE 184 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2020-2025 (KILOTON)
           TABLE 185 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 186 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
           TABLE 187 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
           TABLE 188 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
           TABLE 189 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
           TABLE 190 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
           TABLE 191 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON)
           TABLE 192 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (KILOTON)
           TABLE 193 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
           TABLE 194 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
           TABLE 195 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
           TABLE 196 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
           TABLE 197 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
           TABLE 198 NORTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           TABLE 199 NORTH AMERICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (KILOTON)
           TABLE 200 NORTH AMERICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (KILOTON)
           TABLE 201 NORTH AMERICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (USD MILLION)
           TABLE 202 NORTH AMERICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (USD MILLION)
           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
                               TABLE 203 US: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 204 US: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 205 US: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 206 US: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 207 US: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 208 US: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 209 US: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 210 US: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.3.2 CANADA
                    9.3.2.1 Increasing environmental awareness stringent governmental norms leading to high growth of synthetic lubricants in Canada
                               TABLE 211 CANADA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 212 CANADA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 213 CANADA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 214 CANADA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 215 CANADA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 216 CANADA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 217 CANADA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 218 CANADA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.3.3 MEXICO
                    9.3.3.1 Growth in power generation and manufacturing sectors driving the industrial lubricants market
                               TABLE 219 MEXICO: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 220 MEXICO: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 221 MEXICO: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 222 MEXICO: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 223 MEXICO: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 224 MEXICO: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 225 MEXICO: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 226 MEXICO: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
    9.4 EUROPE
           FIGURE 22 EUROPE: LUBRICANTS MARKET SNAPSHOT
           TABLE 227 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
           TABLE 228 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2020-2025 (KILOTON)
           TABLE 229 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 230 EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
           TABLE 231 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
           TABLE 232 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
           TABLE 233 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
           TABLE 234 EUROPE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
           TABLE 235 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON)
           TABLE 236 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (KILOTON)
           TABLE 237 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
           TABLE 238 EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
           TABLE 239 EUROPE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
           TABLE 240 EUROPE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
           TABLE 241 EUROPE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
           TABLE 242 EUROPE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           TABLE 243 EUROPE: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (KILOTON)
           TABLE 244 EUROPE: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (KILOTON)
           TABLE 245 EUROPE: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (USD MILLION)
           TABLE 246 EUROPE: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (USD MILLION)
           9.4.1 GERMANY
                    9.4.1.1 Synthetic lubricants segment to witness highest growth in Germany during the forecast period
                               TABLE 247 GERMANY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 248 GERMANY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 249 GERMANY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 250 GERMANY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 251 GERMANY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 252 GERMANY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 253 GERMANY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 254 GERMANY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.4.2 RUSSIA
                    9.4.2.1 Presence of major lubricant manufacturing companies supporting the market growth in Russia
                               TABLE 255 RUSSIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 256 RUSSIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 257 RUSSIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 258 RUSSIA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 259 RUSSIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 260 RUSSIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 261 RUSSIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 262 RUSSIA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.4.3 ITALY
                    9.4.3.1 Transportation sector to continue dominating the lubricants market in Italy
                               TABLE 263 ITALY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 264 ITALY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 265 ITALY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 266 ITALY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 267 ITALY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 268 ITALY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 269 ITALY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 270 ITALY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.4.4 FRANCE
                    9.4.4.1 Rising spending power due to economic growth leading to growth in demand for synthetic lubricants
                               TABLE 271 FRANCE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 272 FRANCE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 273 FRANCE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 274 FRANCE: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 275 FRANCE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 276 FRANCE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 277 FRANCE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 278 FRANCE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.4.5 SPAIN
                    9.4.5.1 Lubricants market in the aviation industry to register high growth during the forecast period
                               TABLE 279 SPAIN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 280 SPAIN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 281 SPAIN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 282 SPAIN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 283 SPAIN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 284 SPAIN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 285 SPAIN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 286 SPAIN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.4.6 UK
                    9.4.6.1 Bio-based lubricants market to witness the highest growth rate, in terms of value
                               TABLE 287 UK: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 288 UK: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 289 UK: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 290 UK: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 291 UK: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 292 UK: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 293 UK: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 294 UK: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
    9.5 MIDDLE EAST & AFRICA
           TABLE 295 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
           TABLE 296 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2020-2025 (KILOTON)
           TABLE 297 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 298 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
           TABLE 299 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
           TABLE 300 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
           TABLE 301 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
           TABLE 302 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
           TABLE 303 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON)
           TABLE 304 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (KILOTON)
           TABLE 305 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
           TABLE 306 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
           TABLE 307 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
           TABLE 308 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
           TABLE 309 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
           TABLE 310 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           TABLE 311 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (KILOTON)
           TABLE 312 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (KILOTON)
           TABLE 313 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (USD MILLION)
           TABLE 314 MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (USD MILLION)
           9.5.1 IRAN
                    9.5.1.1 Iran is the largest consumer of lubricants in the Middle East & Africa
                               TABLE 315 IRAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 316 IRAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 317 IRAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 318 IRAN: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 319 IRAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 320 IRAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 321 IRAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 322 IRAN: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.5.2 SOUTH AFRICA
                    9.5.2.1 Marine industry is the fastest-growing consumer of lubricants in South Africa
                               TABLE 323 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 324 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 325 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 326 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 327 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 328 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 329 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 330 SOUTH AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.5.3 TURKEY
                    9.5.3.1 Favorable geographical location of Turkey supports growth of the lubricants market
                               TABLE 331 TURKEY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 332 TURKEY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 333 TURKEY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 334 TURKEY: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 335 TURKEY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 336 TURKEY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 337 TURKEY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 338 TURKEY: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
    9.6 SOUTH AMERICA
           TABLE 339 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
           TABLE 340 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2020-2025 (KILOTON)
           TABLE 341 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 342 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2020-2025 (USD MILLION)
           TABLE 343 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
           TABLE 344 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
           TABLE 345 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
           TABLE 346 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
           TABLE 347 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (KILOTON)
           TABLE 348 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (KILOTON)
           TABLE 349 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
           TABLE 350 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2020-2025 (USD MILLION)
           TABLE 351 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
           TABLE 352 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
           TABLE 353 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
           TABLE 354 SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           TABLE 355 SOUTH AMERICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (KILOTON)
           TABLE 356 SOUTH AMERICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (KILOTON)
           TABLE 357 SOUTH AMERICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2016–2019 (USD MILLION)
           TABLE 358 SOUTH AMERICA: LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY SUB-SEGMENT, 2020-2025 (USD MILLION)
           9.6.1 BRAZIL
                    9.6.1.1 Mineral oil lubricants likely to dominate in the near future
                               TABLE 359 BRAZIL: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 360 BRAZIL: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 361 BRAZIL: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 362 BRAZIL: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 363 BRAZIL: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 364 BRAZIL: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 365 BRAZIL: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 366 BRAZIL: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)
           9.6.2 ARGENTINA
                    9.6.2.1 Market in Argentina dominated by mineral oil-based lubricants
                               TABLE 367 ARGENTINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (KILOTON)
                               TABLE 368 ARGENTINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (KILOTON)
                               TABLE 369 ARGENTINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2016–2019 (USD MILLION)
                               TABLE 370 ARGENTINA: LUBRICANTS MARKET SIZE, BY BASE OIL, 2020-2025 (USD MILLION)
                               TABLE 371 ARGENTINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (KILOTON)
                               TABLE 372 ARGENTINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (KILOTON)
                               TABLE 373 ARGENTINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2016-2019 (USD MILLION)
                               TABLE 374 ARGENTINA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2020-2025 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 247)
     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
                        FIGURE 23 LUBRICANTS MARKET COMPETITIVE LEADERSHIP MAPPING, 2019
     10.3 STRENGTH OF PRODUCT PORTFOLIO
             FIGURE 24 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN LUBRICANTS MARKET
     10.4 BUSINESS STRATEGY EXCELLENCE
             FIGURE 25 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN LUBRICANTS MARKET
     10.5 COMPETITIVE LEADERSHIP MAPPING (MSE)
             10.5.1 PROGRESSIVE COMPANIES
             10.5.2 RESPONSIVE COMPANIES
                       FIGURE 26 MEDIUM-SIZED ENTERPRISES (MSE) MAPPING, 2019
     10.6 STRENGTH OF PRODUCT PORTFOLIO
             FIGURE 27 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN LUBRICANTS MARKET
     10.7 BUSINESS STRATEGY EXCELLENCE
             FIGURE 28 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN LUBRICANTS MARKET
             FIGURE 29 EXPANSION WAS THE KEY GROWTH STRATEGY ADOPTED BY MAJOR PLAYERS BETWEEN 2015 AND 2019
     10.8 MARKET SHARE OF KEY PLAYERS
             FIGURE 30 LUBRICANTS MARKET SHARE, BY COMPANY, 2019
             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
                       TABLE 375 EXPANSION, 2015–2019
             10.9.2 CONTRACT & AGREEMENT
                       TABLE 376 CONTRACT & AGREEMENT, 2017–2019
             10.9.3 ACQUISITION
                       TABLE 377 ACQUISITION, 2018–2019
             10.9.4 JOINT VENTURE
                       TABLE 378 JOINT VENTURE, 2016
             10.9.5 NEW PRODUCT LAUNCH
                       TABLE 379 NEW PRODUCT LAUNCH, 2018–2019

11 COMPANY PROFILES (Page No. - 259)
(Business Overview, Products Offered, Recent Developments, winning imperatives, Current Focus and Strategies, Threat from Competition, Right to Win)*
     11.1 ROYAL DUTCH SHELL
             FIGURE 31 ROYAL DUTCH SHELL: COMPANY SNAPSHOT
             FIGURE 32 ROYAL DUTCH SHELL: WINNING IMPERATIVES
     11.2 EXXONMOBIL CORPORATION
             FIGURE 33 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT
             FIGURE 34 EXXONMOBIL CORPORATION: WINNING IMPERATIVES
     11.3 BP P.L.C.
             FIGURE 35 BP P.L.C.: COMPANY SNAPSHOT
             FIGURE 36 BP P.L.C.: WINNING IMPERATIVES
     11.4 CHEVRON CORPORATION
             FIGURE 37 CHEVRON CORPORATION: COMPANY SNAPSHOT
             FIGURE 38 CHEVRON CORPORATION: WINNING IMPERATIVES
     11.5 TOTAL S.A.
             FIGURE 39 TOTAL S.A.: COMPANY SNAPSHOT
             FIGURE 40 TOTAL S.A.: WINNING IMPERATIVES
     11.6 PETROCHINA COMPANY LIMITED
             FIGURE 41 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT
     11.7 IDEMITSU KOSAN CO. LTD.
             FIGURE 42 IDEMITSU KOSAN CO. LTD.: COMPANY SNAPSHOT
     11.8 SINOPEC LIMITED
             FIGURE 43 SINOPEC LIMITED: COMPANY SNAPSHOT
     11.9 FUCHS PETROLUB AG
             FIGURE 44 FUCHS PETROLUB AG: COMPANY SNAPSHOT
     11.10 JXTG GROUP
             FIGURE 45 JXTG GROUP PETROLUB AG: COMPANY SNAPSHOT
     11.11 VALVOLINE
             FIGURE 46 VALVOLINE: COMPANY SNAPSHOT
     11.12 LUKOIL
             FIGURE 47 LUKOIL: COMPANY SNAPSHOT
     11.13 PETRONAS
             FIGURE 48 PETRONAS: COMPANY SNAPSHOT
     11.14 PERTAMINA
             FIGURE 49 PERTAMINA: COMPANY SNAPSHOT
     11.15 GAZPROM NEFT
             FIGURE 50 GAZPROM NEFT: COMPANY SNAPSHOT
     11.16 INDIAN OIL CORPORATION LIMITED
             FIGURE 51 INDIAN OIL CORPORATION LIMITED: COMPANY SNAPSHOT
     11.17 PHILLIPS 66
             FIGURE 52 PHILLIPS 66: COMPANY SNAPSHOT
     11.18 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL)
             FIGURE 53 HINDUSTAN PETROLEUM CORPORATION LIMITED: COMPANY SNAPSHOT
     11.19 PETROBRAS
             FIGURE 54 PETROBRAS: COMPANY SNAPSHOT

*Details on Business Overview, Products Offered, Recent Developments, winning imperatives, Current Focus and Strategies, Threat from Competition, Right to Win might not be captured in case of unlisted companies.

12 ADJACENT & RELATED MARKETS (Page No. - 306)
     12.1 INTRODUCTION
     12.2 LIMITATION
     12.3 LUBRICANTS ECOSYSTEM AND INTERCONNECTED MARKET
             FIGURE 55 LUBRICANTS MARKET: ECOSYSTEM
     12.4 BASE OIL MARKET
             12.4.1 MARKET DEFINITION
             12.4.2 MARKET OVERVIEW
                       FIGURE 56 BASE OIL MARKET IS EXPECTED TO WITNESS STEADY GROWTH
     12.5 BASE OIL MARKET, BY APPLICATION
             12.5.1 AUTOMOTIVE OIL
                       TABLE 380 BASE OIL MARKET SIZE IN AUTOMOTIVE OIL, BY REGION, 2017–2024 (USD MILLION)
                       TABLE 381 BASE OIL MARKET SIZE IN AUTOMOTIVE OIL, BY REGION, 2017–2024 (KILOTON)
             12.5.2 INDUSTRIAL OIL
                       TABLE 382 BASE OIL MARKET SIZE IN INDUSTRIAL OIL, BY REGION, 2017–2024 (USD MILLION)
                       TABLE 383 BASE OIL MARKET SIZE IN INDUSTRIAL OIL, BY REGION, 2017–2024 (KILOTON)
             12.5.3 HYDRAULIC OIL
                       TABLE 384 BASE OIL MARKET SIZE IN HYDRAULIC OIL, BY REGION, 2017–2024 (USD MILLION)
                       TABLE 385 BASE OIL MARKET SIZE IN HYDRAULIC OIL, BY REGION, 2017–2024 (KILOTON)
             12.5.4 GREASE
                       TABLE 386 BASE OIL MARKET SIZE IN GREASE, BY REGION, 2017–2024 (USD MILLION)
                       TABLE 387 BASE OIL MARKET SIZE IN GREASE, BY REGION, 2017–2024 (KILOTON)
             12.5.5 METALWORKING FLUID
                       TABLE 388 BASE OIL MARKET SIZE IN METALWORKING FLUID, BY REGION, 2017–2024 (USD MILLION)
                       TABLE 389 BASE OIL MARKET SIZE IN METALWORKING FLUID, BY REGION, 2017–2024 (KILOTON)
     12.6 BASE OIL MARKET, BY REGION
             12.6.1 ASIA PACIFIC
                       TABLE 390 ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
                       TABLE 391 ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION, 2017–2024 (KILOTON)
             12.6.2 EUROPE
                       TABLE 392 EUROPE: BASE OIL MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
                       TABLE 393 EUROPE: BASE OIL MARKET SIZE, BY APPLICATION, 2017–2024 (KILOTON)
             12.6.3 NORTH AMERICA
                       TABLE 394 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
                       TABLE 395 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (KILOTON)
             12.6.4 MIDDLE EAST & AFRICA
                       TABLE 396 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
                       TABLE 397 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (KILOTON)
             12.6.5 SOUTH AMERICA
                       TABLE 398 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
                       TABLE 399 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION, 2017–2024 (KILOTON)

13 APPENDIX (Page No. - 317)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 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.

Adaptive Learning Market Size, and Share

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 industry’s 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 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
Jun, 2020
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