Global Gear Oils Market to Reach $9.9 Billion by 2030
The global market for Gear Oils estimated at US$8.1 Billion in the year 2022, is projected to reach a revised size of US$9.9 Billion by 2030, growing at a CAGR of 2.5% over the analysis period 2022-2030. Mineral Oil, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Semi-Synthetic Oil segment is readjusted to a revised 2.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 4.2% CAGR
The Gear Oils market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 4.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 2.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2030.Select Competitors (Total 13 Featured) -
- ADDINOL Lube Oil GmbH
- Advanced Lubrication Specialities
- Amalie Oil Co.
- Bechem Lubrication Technology, LLC
- Bel-Ray Company LLC
- BP PLC
- Chevron Corporation
- Croda International PLC
- Eni SpA
- Exxon Mobil Corporation
- Fuchs Petrolub SE
- Indian Oil Corporation Ltd.
- Liqui Moly GmbH
- LUKOIL Lubricants Company
- Morris Lubricants
- Peak Lubricants Pty Ltd
- Penrite Oil
- PetroChina Company Limited
- Phillips 66 Company
- Rock Valley Oil & Chemical Co.
- Royal Dutch Shell PLC
- Sinopec Yangzi Petrochemical Co., Ltd.
- Total SA
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ADDINOL Lube Oil GmbH
- Advanced Lubrication Specialities
- Amalie Oil Co.
- Bechem Lubrication Technology, LLC
- Bel-Ray Company LLC
- BP PLC
- Chevron Corporation
- Croda International PLC
- Eni SpA
- Exxon Mobil Corporation
- Fuchs Petrolub SE
- Indian Oil Corporation Ltd.
- Liqui Moly GmbH
- LUKOIL Lubricants Company
- Morris Lubricants
- Peak Lubricants Pty Ltd
- Penrite Oil
- PetroChina Company Limited
- Phillips 66 Company
- Rock Valley Oil & Chemical Co.
- Royal Dutch Shell PLC
- Sinopec Yangzi Petrochemical Co., Ltd.
- Total SA
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 232 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 8.1 Billion |
Forecasted Market Value ( USD | $ 9.9 Billion |
Compound Annual Growth Rate | 2.5% |
Regions Covered | Global |