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United Kingdom Lubricants Market - Size, Share, COVID-19 Impact & Forecasts Up To 2026

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  • September 2022
  • Region: United Kingdom
  • Mordor Intelligence
  • ID: 5656724
UP TO OFF until Dec 31st 2023
The United Kingdom Lubricants Market stood at 390.10 million liters in 2021 and is projected to register a CAGR of 2.08% to reach 432.40 million liters in 2026.

Key Highlights

  • Largest Segment by End-user Industry - Automotive: Automotive was the largest end-user segment in the United Kingdom, owing to the higher amount of engine and gear oils used in vehicles compared to industrial applications.
  • Fastest Segment by End-user Industry - Heavy Equipment: Heavy equipment is projected to be the fastest-growing end user in the UK, owing to the rising usage of tractors and other machines in the agriculture and construction fields.
  • Largest Segment by Product Type - Engine Oils: Due to the massive engine size of cars, trucks, and buses and the high oil changing frequencies, engine oil is the most widely used product category in the United Kingdom.
  • Fastest Segment by Product Type - Transmission & Gear Oils: Recovery in vehicle production rates and expected rebound in industrial production activities are likely to support the consumption of transmission and gear oils.

Key Market Trends

Largest Segment By End User: Automotive

  • In 2020, the automotive sector dominated the UK lubricant market and accounted for around 46.85% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive sector declined by a CAGR of 0.78%.
  • In 2020, the COVID-19 pandemic-related restrictions led to declined maintenance requirements from several sectors. The major impact was observed in the automotive sector, which recorded a dip of 17.24%, followed by heavy equipment (12.35%), during the year.
  • Heavy equipment is likely to be the fastest-growing end-user segment of the market studied, with a CAGR of 3.23% over 2021-2026, followed by automotive (2.08%). The potential for growth in public infrastructure and commercial buildings is expected to drive the market over the coming years.

Competitive Landscape

The United Kingdom Lubricants Market is moderately consolidated, with the top five companies occupying 61.06%. The major players in this market are BP Plc (Castrol), Exol Lubricants Limited, ExxonMobil Corporation, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 Executive Summary & Key Findings
2 Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study?
2.3 Research Methodology
3 Key Industry Trends
3.1 Automotive Industry Trends
3.2 Manufacturing Industry Trends
3.3 Power Generation Industry Trends
3.4 Regulatory Framework
3.5 Value Chain & Distribution Channel Analysis
4 Market Segmentation
4.1 By End User
4.1.1 Automotive
4.1.2 Heavy Equipment
4.1.3 Metallurgy & Metalworking
4.1.4 Power Generation
4.1.5 Other End-user Industries
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Metalworking Fluids
4.2.5 Transmission & Gear Oils
4.2.6 Other Product Types
5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP Plc (Castrol)
5.3.2 Chevron Corporation
5.3.3 Exol Lubricants Limited
5.3.4 ExxonMobil Corporation
5.3.5 FUCHS
5.3.6 Morris Lubricants
5.3.7 Petronas Lubricants International
5.3.8 Q8Oils
5.3.9 Royal Dutch Shell Plc
5.3.10 TotalEnergies
6 Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7 Key Strategic Questions for Lubricants CEOs

Companies Mentioned

A selection of companies mentioned in this report includes:

  • BP Plc (Castrol)
  • Chevron Corporation
  • Exol Lubricants Limited
  • ExxonMobil Corporation
  • Morris Lubricants
  • Petronas Lubricants International
  • Q8Oils
  • Royal Dutch Shell Plc
  • TotalEnergies