Lubricants Market Size, Share & Trends Report

Lubricants Market Size, Share & Trends Analysis Report By Application (Industrial, Automotive, Marine, Aerospace), By Region (North America, Europe, APAC, CSA, MEA), Competitive Landscape, And Segment Forecast, 2018 - 2025

  • Published Date: Feb, 2018
  • Base Year for Estimate: 2017
  • Report ID: 978-1-68038-123-8
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 176

Industry Insights

The global lubricants market size was valued at USD 118.89 billion in 2016. Constant innovation in the automotive industry, such as introduction of innovative rubber products that reduce detrimental impact of waste landfills on the environment, is a key trend expected to propel demand in upcoming years.

Lubricants are substances used to control or reduce friction as well as wear of surfaces coming in contact with different bodies in relative motion. They can be classified into liquid, solid, semi-liquid, and gaseous on the basis of state. These high-performance substances are widely used in various end-use industries as anti-wear additives, corrosion inhibitors, viscosity index improvers, friction modifiers, and extreme pressure (EP) additives.

U.S. lubricants market

Products such as process oils, transmission fluids, industrial engine oils, and metalworking fluids are increasingly being utilized in automotive and industrial sectors. With a rise in demand for vehicles across the globe, need for better quality products is simultaneously rising to provide enhanced vehicle performance, better fuel efficiency, and lower emissions.

Lubricating oils are being increasingly used across several industrial applications as well in areas such as air compressors, auxiliary equipment, bearings, food machinery, gas engines, hydraulics, heat transfer systems, paper machines, turbines, metalworking, and natural gas compressors. Demand for industrial lubricants for these activities is on the rise and is expected to grow further over the forecast period.

The industry has witnessed increasing investments by various multinationals over the past few years. These players have taken several initiatives to strengthen their presence across various regions, such as strengthening supply chain efficiency as well as expanding product portfolio.

Application Insights

Automotive emerged as the dominant application segment in 2016 with over 56.0% market share by volume. This is owing to rapidly rising demand for commercial as well consumer vehicles across various emerging economies, including China and India.

Increasing sales of passenger cars in emerging economies of Latin America is also anticipated to be a major factor driving consumer automotive lubricants demand over the forecast period. Recovery of the consumer vehicles segment in U.S. is expected to further strengthen growth.

Global lubricants market

The U.S. Environment Protection Agency (EPA) has determined control techniques and guidelines regarding carbon emissions in vehicles, mentioned in the Clean Air Act, effective from October 2008, which has further boosted demand for fuel-efficient cars. Besides this, numerous innovations directed at reduction of harmful carbon emissions to enhance vehicle performance are driving growth.

The new era of automotive digitalization has prompted sales of connected and intelligent cars with integrated electronic systems that provide greater control and safety features for consumers. Lubricants are expected to benefit from the rise in high-maintenance automobiles since consumers are willingly opting for such advanced passenger cars. These factors are anticipated to propel the product’s consumption in automotive applications.

Marine lubricants are widely used in high-speed engine oils, medium-speed engine oils, and slow-speed marine engines. The product helps extend engine life and protects components at high temperatures. Some of them also offer additive technology to protect crankcases, camshaft areas, under-crowns, and ring belts. Further, these are used in slow-speed cylinders as they offer enhanced protection from mechanical wear and help mitigate cold corrosion.

Regional Insights

On a regional basis, the lubricants market has been segmented into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. Asia Pacific accounted for over 43.0% of the global volume in 2016. The region is anticipated to remain a major consumer over the forecast period owing to significant rise in demand from key end-use industries across India, China, Indonesia, and Thailand. These emerging economies have witnessed robust economic growth in recent years and exhibit ample opportunities for growth.

Favorable government regulations in U.S. and Europe are significantly driving the automotive sector across these regions. High demand for innovative products in diverse applications is forecast to have a positive influence on growth over the forecast period. Moreover, stringent regulations pertaining to waste disposal are anticipated to drive innovation in the rubber sector, subsequently benefitting the industry.

The Central and South America market is driven by increasing chemical, rubber, and polymer manufacturing, coupled with favorable business environment in Brazil, Argentina, and Chile. These nations have formulated several trade strategies to attract Foreign Direct Investment (FDI) for infrastructure development over the past few years. Various policies to promote investment and partnerships with the private sector have also been framed to make most of port and transportation infrastructure opportunities across the region, which has further contributed to marine businesses.

Europe is relatively saturated owing to the maturity of end-use industries. However, the aerospace and marine industries across the region are expected to grow at a steady rate, which is estimated to drive demand for lubricants in coming years. For the marine sector, eco-labeling norms and increasing usage of environmentally friendly oils shall be a key demand driver.

Resurgence of industrial activities along with modernization of industrial machinery is a key factor likely to determine demand in Europe over the next eight years. The region is characterized by presence of well-established and developed industrial sectors in countries such as Russia, France, and Spain. Increasing requirement for grease and low-viscosity fluids in modern machinery is expected to boost overall growth.

Lubricants Market Share Insights

The industry is characterized by the dominance and strong presence of four multinationals: ExxonMobil Corporation, Royal Dutch Shell, British Petroleum, and Total SA. These companies remain market leaders owing to constant R&D activities and various strategic initiatives. They have a defined line of work and work close to consumer demands, thereby establishing a sustainable market across the globe.

Asia Pacific is characterized by the presence of several multinationals such as Chevron, Shell, Castrol, and ExxonMobil venturing into the region to capitalize on the sector’s potential. Companies are also strategically placing their brands and collaborating with regional companies to expand their business operations.

Leading companies are seeking advantages through economies of scale in the competitive market. The sector is majorly confined by extremely large multinationals or small and niche manufacturers (catering to local demand). Several companies are altering their business lines with respect to base oil supply chain, manufacturing process, and consolidations.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2017

Forecast period

2018 - 2025

Market representation                                                  

Volume in Kilo Tons, revenue in USD Million and CAGR from 2018 to 2025

Regional scope

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

Country scope

U.S., Canada, Mexico, Germany, U.K., Russia, China, India, Japan, Brazil and Saudi Arabia

Report coverage              

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global lubricants market report on the basis of application and region:

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Industrial

      • Process oils

      • General industrial oils

      • Metalworking fluids

      • Industrial engine oils

      • Greases

      • Others

    • Automotive

      • Engine oils

      • Gear oils

      • Transmission fluids

      • Brake fluids

      • Coolants

      • Greases

    • Marine

      • Engine oil

      • Hydraulic oil

      • Gear oil

      • Turbine oil

      • Greases

      • Others

    • Aerospace

      • Gas turbine oils

      • Piston engine oils

      • Hydraulic fluids

      • Others

  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • Russia

    • Asia Pacific

      • China

      • India

      • Japan

    • Middle East & Africa

      • Saudi Arabia

    • Central & South America

      • Brazil

Key questions answered by the report
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