Lubricants Market Overview with Sustainable Growth Opportunities Till 2025

Lubricants Market Analysis and Anticipated
Forecast by 2025
“Global lubricants market size is expected to reach USD 166.25 billion by 2025 with a
CAGR of 3.8%.”
The Lubricants Market report discusses the primary market growth drivers and challenges that the vendors and the
market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the
market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific,
Europe, the Middle East, and Africa regions.
Global lubricants market size is expected to reach USD 166.25 billion by 2025 with a CAGR of 3.8%. Lubricants imply
substances used to reduce or control friction as well as wearing of surfaces coming in contact with dissimilar bodies in
relative motion. They can be classified into solid, liquid, gaseous, and semi-liquid, based on state. These highperformance
constituents are extensively used in numerous end-use industries such as corrosion inhibitors, anti-wear
additives, friction modifiers, extreme pressure (EP) additives and viscosity index improvers. In addition, the continuous
revolution in the automotive manufacturing, such as launching of innovative rubber products that decrease harmful
influence of waste landfills on the environment is anticipated to drive the demand in the years to come.
Key Questions Answered:
• What are the sales or revenue produced by Lubricants products beyond all sectors during the forecast period?
• What are the key trends in the Lubricants market?
• What are the leading drivers, limitations, and probabilities in the industry?
• Which segment will gain the highest revenue worldwide and which product segment will expand at the fastest
CAGR during the forecast period?
• In which region the Lubricants market to project lucrative CAGR during the forecast period?
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Also, the rapid development of several manufacturing business in developing countries is one of the factors may propel
the overall market growth in the years to come. On the other hand, the factor such as growing shift towards high drain
intermission lubricants such as synthetic lubricants. The usage of synthetic lubricants raises the drain out time and as a
result the lubricants consumption declines, hereafter the complete lubricants shrinks. Furthermore, high cost of biobased
and synthetic lubricants reduces its consumption, which in turn is likely to affect the demand of the market. The
growing acceptance of hybrid electric vehicles could hamper the development of the market in the forecast period.
Lubricants Market may be explored by type, applications, and geography. Market may be explored by type as Synthetic
Lubricants, Mineral Oil Lubricants, Bio-based Lubricants, and Greases. Mineral oil lubricants segment is dominating the
segment type due to its easy availability and cost-effectiveness. Although, growing strict government regulations and
rising awareness among consumers are estimated to foster the market growth in the forecast period. Furthermore,
Greases owing to its high usage in numerous manufacturing businesses recorded the highest CAGR during the forecast
period.
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Lubricants Market may be explored by Applications as 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), and Aerospace, (Gas turbine
oils, Piston engine oils, Hydraulic fluids, Others). Automotive sector of lubricant is the dominant application of the
market in 2016, covering 56.0% of the market share by volume. This is due to rapid increase in the demand for
consumer vehicles as well commercial across numerous developing countries, comprising India and China.
Asia-Pacific has been at the forefront about Lubricant Market and will continue to dominate in the years to come. The
Asia-Pacific region registered a robust growth for the Lubricants in 2016. This region accounted for 43.0% of the global
volume. The region is estimated to continue to be a foremost user over the forthcoming period due to substantial
increase in the demand from significant end-use businesses across China, India, Thailand and Indonesia. These
developing countries have observed a robust financial progress in recent years and show ample chances for
development.
The strict government regulations in Europe and U.S. is projected to drive the market growth across these regions. In
diverse applications, the innovative products are likely to gain a higher demand in the forthcoming period and will have
an optimistic impact on the development over the upcoming period. Moreover, severe rules pertaining to waste
disposal are projected to initiate innovation in the rubber sector, consequently profiting the business.
Some of the key players that fuel the growth of the Lubricants Industry include Exxon Mobil Corporation, Idemitsu Kosan
Co., Ltd., Royal Dutch Shell Plc., Sinopec Limited, Petrochina Company Limited, Total S.A., Lukoil, BP Plc., Fuchs Petrolub
AG, Chevron Corporation, and others. The key players are focusing on inorganic growth to sustain themselves amidst
fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Market Segment:
Lubricants 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
Lubricants 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
• Central and South America
• Brazil
• Middle East & Africa
• Saudi Arabia

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