+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Lubricants Market Size, Share & Trends Analysis Report By Type; By Application; By Regions, Segment Forecast, 2020 - 2026

  • PDF Icon


  • 150 Pages
  • February 2020
  • Region: Global
  • Polaris Market Research
  • ID: 5261985
The lubricants market is anticipated to reach USD 169.4 billion by 2026 according to this new study. In 2019, the automotive segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

The growing manufacturing industry, rapid industrialization, and modernization of industrial machinery drive the growth of this market. Other driving factors include growing automotive production, rising applications in mining industries, and increasing government initiatives to support industrial growth. However, high prices of bio-based and synthetic lubricants are expected to hamper market growth. Increasing demand from developing nations is expected provide numerous growth opportunities to the market players during the forecast period.

The demand for lubricants from the industrial sector has increased over the years. The increasing need for automation and strong growth in industries support the adoption of lubricants. In the industrial sector lubricants are used for various applications such as air compressors, transformers, heat transfer systems, auxiliary equipment, metal working, and natural gas compressors among others. Lubricants are also used in wind turbines, refrigeration, paper machines, quenching, and bearings.

Asia-Pacific generated the highest revenue in the market in 2019, and is expected to lead the global market throughout the forecast period. The increasing growth of automation in manufacturing industries in the region coupled with high disposable income drives the market growth in the region. The rapid industrialization in China, Japan, and India, along with significant growth in transportation, construction, and mining industries would support market growth during the forecast period. The rising trend of bio-based lubricants, and increasing environmental concerns are expected to provide growth opportunities in the coming years.

The different applications of lubricants include industrial, automotive, and others. In 2019, the automotive segment accounted for the highest market share. The increasing demand of lubricants from automotive, marine, and aviation sectors has increased significantly over the years. The growth in automotive industry, especially in Asia-Pacific coupled with growing disposable income and improving living standards support the growth of lubricants in automotive sector.

The well-known companies profiled in the report include Exxonmobil Corporation, Idemitsu Kosan Co. Ltd, Sinopec Limited, Royal Dutch Shell PLC., Chevron Corporation, BP PLC., Amsoil Inc., Nippon Oil, Quaker Chemical Corporation, Fuchs Petrolub AG, Total S.A., and Luk Oil among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Frequently Asked Questions about the Lubricants Market

What is the estimated value of the Lubricants Market?

The Lubricants Market was estimated to be valued at $127.8 Billion in 2020.

What is the growth rate of the Lubricants Market?

The growth rate of the Lubricants Market is 4.2%, with an estimated value of $169.4 Billion by 2026.

What is the forecasted size of the Lubricants Market?

The Lubricants Market is estimated to be worth $169.4 Billion by 2026.

Who are the key companies in the Lubricants Market?

Key companies in the Lubricants Market include Exxonmobil Corporation, Idemitsu Kosan Co. Ltd, Sinopec Limited, Royal Dutch Shell PLC., Chevron Corporation, BP PLC., Amsoil Inc., Nippon Oil, Quaker Chemical Corporation and Total S.A..

Table of Contents

1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Lubricants Market Insights
3.1. Lubricants - Industry snapshot
3.2. Lubricants - Ecosystem analysis
3.3. Lubricants Market Dynamics
3.3.1. Lubricants - Market Forces Lubricants Market Driver Analysis Lubricants Market Restraint/Challenges analysis Lubricants Market Opportunity Analysis
3.3.2. Industry analysis - Porter's five force Bargaining power of supplier Bargaining power of buyer Threat of substitute Threat of new entrant Degree of competition
3.3.3. Lubricants Market PEST Analysis, 2019
3.3.4. Lubricants Market Value Chain Analysis
3.3.5. Lubricants Industry Trends
3.3.6. Competitive Ranking Analysis
4. Lubricants Market Size and Forecast, 2015-2026 by Type (Kilo Tons,USD Billion)
4.1. Key Findings
4.2. Synthetic Lubricants
4.3. Mineral Oil Lubricants
4.4. Bio-Based Lubricants
4.5. Greases
4.6. Others
5. Lubricants Market Size and Forecast, 2015-2026 by Application (Kilo Tons,USD Billion)
5.1. Key Findings
5.2. Industrial
5.3. Automotive
5.4. Others
6. Lubricants Market Size and Forecast, 2015-2026 by Region (Kilo Tons,USD Billion)
6.1. Key Findings
6.2. North America
6.2.1. U.S.
6.2.2. Canada
6.2.3. Mexico
6.3. Europe
6.3.1. Germany
6.3.2. UK
6.3.3. France
6.3.4. Italy
6.3.5. Rest of Europe
6.4. Asia-Pacific
6.4.1. China
6.4.2. India
6.4.3. Japan
6.4.4. Rest of Asia-Pacific
6.5. Latin America
6.5.1. Brazil
6.6. Middle East & Africa
7. Company Profiles
7.1. Exxonmobil Corporation
7.1.1. Overview
7.1.2. Financials
7.1.3. Product Benchmarking
7.1.4. Recent Developments
7.2. Sinopec Limited
7.2.1. Overview
7.2.2. Financials
7.2.3. Product Benchmarking
7.2.4. Recent Developments
7.3. Idemitsu Kosan Co. Ltd
7.3.1. Overview
7.3.2. Financials
7.3.3. Product Benchmarking
7.3.4. Recent Developments
7.4. Royal Dutch Shell PLC.
7.4.1. Overview
7.4.2. Financials
7.4.3. Product Benchmarking
7.4.4. Recent Developments
7.5. Chevron Corporation
7.5.1. Overview
7.5.2. Financials
7.5.3. Product Benchmarking
7.5.4. Recent Developments
7.6. BP PLC.
7.6.1. Overview
7.6.2. Financials
7.6.3. Product Benchmarking
7.6.4. Recent Developments
7.7. Amsoil Inc.
7.7.1. Overview
7.7.2. Financials
7.7.3. Product Benchmarking
7.7.4. Recent Developments
7.8. Nippon Oil
7.8.1. Overview
7.8.2. Financials
7.8.3. Product Benchmarking
7.8.4. Recent Developments
7.9. Quaker Chemical Corporation
7.9.1. Overview
7.9.2. Financials
7.9.3. Product Benchmarking
7.9.4. Recent Developments
7.10. Fuchs Petrolub AG
7.10.1. Overview
7.10.2. Financials
7.10.3. Product Benchmarking
7.10.4. Recent Developments
7.11. Total S.A
7.11.1. Overview
7.11.2. Financials
7.11.3. Product Benchmarking
7.11.4. Recent Developments
7.12. Luk Oil
7.12.1. Overview
7.12.2. Financials
7.12.3. Product Benchmarking
7.12.4. Recent Developments
List of Tables

Companies Mentioned

  • Exxonmobil Corporation
  • Idemitsu Kosan Co. Ltd
  • Sinopec Limited, Royal Dutch Shell PLC.
  • Chevron Corporation
  • BP PLC.
  • Amsoil Inc.
  • Nippon Oil
  • Quaker Chemical Corporation
  • Fuchs Petrolub AG
  • Total S.A.
  • Luk Oil.