This report titled Lubricants Market - Growth, Future Prospects, and Competitive Analysis, 2022 - 2030; offers strategic insights into the trends in lubricants market along with the market size and forecast for the duration 2022 to 2030. The said research study incorporates in-depth analysis of multiple market segments based on product type, application and geographical distribution.
The global lubricants market is becoming increasingly competitive with growing number of mergers and collaborations between market players to expand their production capabilities to meet the demand for lubricants. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa and Asia Pacific.
Based on product type, the global lubricants market is categorized into mineral oil lubricants, synthetic lubricants, bio-based lubricants and greases. On the basis of application, the global lubricants market is categorized into transportation, industrial and others. In addition, lubricants manufacturing companies, distributors and academic organizations form the major client types for lubricants market.
On the basis of geography, global lubricants market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2020, Asia Pacific accounted for the largest share in global lubricants market and is projected to maintain its dominance during the forecast period. Rapid growth in disposable income fueling the demand for the automobiles in the region which in turn is driving the demand for the lubricants in the region during the forecast period. Followed by it, North America stood at second position accounted for significant share in the global lubricants market in 2020. High volume of automobile sales along with robust international trade from the region is anticipated to drive the demand for lubricants in the region during the forecast period (2022-2030).
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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The global lubricants market is becoming increasingly competitive with growing number of mergers and collaborations between market players to expand their production capabilities to meet the demand for lubricants. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa and Asia Pacific.
Based on product type, the global lubricants market is categorized into mineral oil lubricants, synthetic lubricants, bio-based lubricants and greases. On the basis of application, the global lubricants market is categorized into transportation, industrial and others. In addition, lubricants manufacturing companies, distributors and academic organizations form the major client types for lubricants market.
Based on the product type, the global lubricants market is segmented as follows:
- Mineral Oil Lubricants
- Synthetic Lubricants
- Bio-Based Lubricants
- Greases
Based on the application, the global lubricants market is segmented as follows:
- Transportation
- Industrial
- Others
On the basis of geography, global lubricants market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2020, Asia Pacific accounted for the largest share in global lubricants market and is projected to maintain its dominance during the forecast period. Rapid growth in disposable income fueling the demand for the automobiles in the region which in turn is driving the demand for the lubricants in the region during the forecast period. Followed by it, North America stood at second position accounted for significant share in the global lubricants market in 2020. High volume of automobile sales along with robust international trade from the region is anticipated to drive the demand for lubricants in the region during the forecast period (2022-2030).
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Lubricants market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Lubricants market and their expected impact during the forecast period.
Market Segmentation
Product
- Mineral Oil Lubricants
- Synthetic Lubricants
- Bio-Based Lubricants
- Greases
Application
- Transportation
- Industrial
- Others
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Lubricants market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Lubricants market?
- Which is the largest regional market for Lubricants market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Lubricants market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Lubricants market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Lubricants Market
2.2. Global Lubricants Market, By Product, 2021 (US$ Million)
2.3. Global Lubricants Market, By Application, 2021 (US$ Million)
2.4. Global Lubricants Market, By Geography, 2021 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2021
3. Lubricants Market: Competitive Analysis
3.1. Market Positioning of Key Lubricants Market Vendors
3.2. Strategies Adopted by Lubricants Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030
4. Lubricants Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Lubricants Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Lubricants Market: By Product, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Mineral Oil Lubricants
5.3.2. Synthetic Lubricants
5.3.3. Bio-Based Lubricants
5.3.4. Greases
6. Lubricants Market: By Application, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Transportation
6.3.2. Industrial
6.3.3. Others
7. North America Lubricants Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Lubricants Market: By Product, 2020-2030, USD (Million)
7.3. Lubricants Market: By Application, 2020-2030, USD (Million)
7.4.Lubricants Market: By Region, 2020-2030, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Lubricants Market: By Product, 2020-2030, USD (Million)
7.4.1.1.1. Lubricants Market: By Application, 2020-2030, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. Lubricants Market: By Product, 2020-2030, USD (Million)
7.4.1.2.1. Lubricants Market: By Application, 2020-2030, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. Lubricants Market: By Product, 2020-2030, USD (Million)
7.4.1.3.1. Lubricants Market: By Application, 2020-2030, USD (Million)
8. UK and European Union Lubricants Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Lubricants Market: By Product, 2020-2030, USD (Million)
8.3. Lubricants Market: By Application, 2020-2030, USD (Million)
8.4.Lubricants Market: By Region, 2020-2030, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Lubricants Market: By Product, 2020-2030, USD (Million)
8.4.1.1.1. Lubricants Market: By Application, 2020-2030, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. Lubricants Market: By Product, 2020-2030, USD (Million)
8.4.1.2.1. Lubricants Market: By Application, 2020-2030, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. Lubricants Market: By Product, 2020-2030, USD (Million)
8.4.1.3.1. Lubricants Market: By Application, 2020-2030, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. Lubricants Market: By Product, 2020-2030, USD (Million)
8.4.1.4.1. Lubricants Market: By Application, 2020-2030, USD (Million)
8.4.1.5. France
8.4.1.5.1. Lubricants Market: By Product, 2020-2030, USD (Million)
8.4.1.5.1. Lubricants Market: By Application, 2020-2030, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. Lubricants Market: By Product, 2020-2030, USD (Million)
8.4.1.6.1. Lubricants Market: By Application, 2020-2030, USD (Million)
9. Asia Pacific Lubricants Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Lubricants Market: By Product, 2020-2030, USD (Million)
9.3. Lubricants Market: By Application, 2020-2030, USD (Million)
9.4.Lubricants Market: By Region, 2020-2030, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Lubricants Market: By Product, 2020-2030, USD (Million)
9.4.1.1.1. Lubricants Market: By Application, 2020-2030, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. Lubricants Market: By Product, 2020-2030, USD (Million)
9.4.1.2.1. Lubricants Market: By Application, 2020-2030, USD (Million)
9.4.1.3. India
9.4.1.3.1. Lubricants Market: By Product, 2020-2030, USD (Million)
9.4.1.3.1. Lubricants Market: By Application, 2020-2030, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. Lubricants Market: By Product, 2020-2030, USD (Million)
9.4.1.4.1. Lubricants Market: By Application, 2020-2030, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. Lubricants Market: By Product, 2020-2030, USD (Million)
9.4.1.5.1. Lubricants Market: By Application, 2020-2030, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Lubricants Market: By Product, 2020-2030, USD (Million)
9.4.1.6.1. Lubricants Market: By Application, 2020-2030, USD (Million)
10. Latin America Lubricants Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Lubricants Market: By Product, 2020-2030, USD (Million)
10.3. Lubricants Market: By Application, 2020-2030, USD (Million)
10.4.Lubricants Market: By Region, 2020-2030, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Lubricants Market: By Product, 2020-2030, USD (Million)
10.4.1.1.1. Lubricants Market: By Application, 2020-2030, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. Lubricants Market: By Product, 2020-2030, USD (Million)
10.4.1.2.1. Lubricants Market: By Application, 2020-2030, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Lubricants Market: By Product, 2020-2030, USD (Million)
10.4.1.3.1. Lubricants Market: By Application, 2020-2030, USD (Million)
11. Middle East and Africa Lubricants Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Lubricants Market: By Product, 2020-2030, USD (Million)
11.3. Lubricants Market: By Application, 2020-2030, USD (Million)
11.4.Lubricants Market: By Region, 2020-2030, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Lubricants Market: By Product, 2020-2030, USD (Million)
11.4.1.1.1. Lubricants Market: By Application, 2020-2030, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. Lubricants Market: By Product, 2020-2030, USD (Million)
11.4.1.2.1. Lubricants Market: By Application, 2020-2030, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Lubricants Market: By Product, 2020-2030, USD (Million)
11.4.1.3.1. Lubricants Market: By Application, 2020-2030, USD (Million)
12. Company Profile
12.1. Royal Dutch Shell plc.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Exxon Mobil Corporation
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. BP P.L.C.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Chevron Corporation
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Total S.A.
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Petrochina Company Limited
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Lukoil
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Sinopec Limited.
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Kuwait Petroleum Corp.
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Saudi Arabian Oil Company (Aramco)
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Other Notable Players
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
List of Figures
Figure 1 Global Lubricants Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Lubricants Market: Quality Assurance
Figure 5 Global Lubricants Market, By Product, 2021
Figure 6 Global Lubricants Market, By Application, 2021
Figure 7 Global Lubricants Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Lubricants Market, 2021
Figure 9 Market Positioning of Key Lubricants Market Players, 2021
Figure 10 Global Lubricants Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Lubricants Market, By Product, 2021 Vs 2030, %
Figure 12 Global Lubricants Market, By Application, 2021 Vs 2030, %
Figure 13 U.S. Lubricants Market (US$ Million), 2020 - 2030
Figure 14 Canada Lubricants Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America Lubricants Market (US$ Million), 2020 - 2030
Figure 16 UK Lubricants Market (US$ Million), 2020 - 2030
Figure 17 Germany Lubricants Market (US$ Million), 2020 - 2030
Figure 18 Spain Lubricants Market (US$ Million), 2020 - 2030
Figure 19 Italy Lubricants Market (US$ Million), 2020 - 2030
Figure 20 France Lubricants Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe Lubricants Market (US$ Million), 2020 - 2030
Figure 22 China Lubricants Market (US$ Million), 2020 - 2030
Figure 23 Japan Lubricants Market (US$ Million), 2020 - 2030
Figure 24 India Lubricants Market (US$ Million), 2020 - 2030
Figure 25 Australia Lubricants Market (US$ Million), 2020 - 2030
Figure 26 South Korea Lubricants Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia Lubricants Market (US$ Million), 2020 - 2030
Figure 28 Brazil Lubricants Market (US$ Million), 2020 - 2030
Figure 29 Mexico Lubricants Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America Lubricants Market (US$ Million), 2020 - 2030
Figure 31 GCC Lubricants Market (US$ Million), 2020 - 2030
Figure 32 Africa Lubricants Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa Lubricants Market (US$ Million), 2020 - 2030
List of Tables
Table 1 Global Lubricants Market By Product, 2020-2030, USD (Million)
Table 2 Global Lubricants Market By Application, 2020-2030, USD (Million)
Table 3 North America Lubricants Market By Product, 2020-2030, USD (Million)
Table 4 North America Lubricants Market By Application, 2020-2030, USD (Million)
Table 5 U.S. Lubricants Market By Product, 2020-2030, USD (Million)
Table 6 U.S. Lubricants Market By Application, 2020-2030, USD (Million)
Table 7 Canada Lubricants Market By Product, 2020-2030, USD (Million)
Table 8 Canada Lubricants Market By Application, 2020-2030, USD (Million)
Table 9 Rest of North America Lubricants Market By Product, 2020-2030, USD (Million)
Table 10 Rest of North America Lubricants Market By Application, 2020-2030, USD (Million)
Table 11 UK and European Union Lubricants Market By Product, 2020-2030, USD (Million)
Table 12 UK and European Union Lubricants Market By Application, 2020-2030, USD (Million)
Table 13 UK Lubricants Market By Product, 2020-2030, USD (Million)
Table 14 UK Lubricants Market By Application, 2020-2030, USD (Million)
Table 15 Germany Lubricants Market By Product, 2020-2030, USD (Million)
Table 16 Germany Lubricants Market By Application, 2020-2030, USD (Million)
Table 17 Spain Lubricants Market By Product, 2020-2030, USD (Million)
Table 18 Spain Lubricants Market By Application, 2020-2030, USD (Million)
Table 19 Italy Lubricants Market By Product, 2020-2030, USD (Million)
Table 20 Italy Lubricants Market By Application, 2020-2030, USD (Million)
Table 21 France Lubricants Market By Product, 2020-2030, USD (Million)
Table 22 France Lubricants Market By Application, 2020-2030, USD (Million)
Table 23 Rest of Europe Lubricants Market By Product, 2020-2030, USD (Million)
Table 24 Rest of Europe Lubricants Market By Application, 2020-2030, USD (Million)
Table 25 Asia Lubricants Market By Product, 2020-2030, USD (Million)
Table 26 Asia Lubricants Market By Application, 2020-2030, USD (Million)
Table 27 China Lubricants Market By Product, 2020-2030, USD (Million)
Table 28 China Lubricants Market By Application, 2020-2030, USD (Million)
Table 29 Japan Lubricants Market By Product, 2020-2030, USD (Million)
Table 30 Japan Lubricants Market By Application, 2020-2030, USD (Million)
Table 31 India Lubricants Market By Product, 2020-2030, USD (Million)
Table 32 India Lubricants Market By Application, 2020-2030, USD (Million)
Table 33 Australia Lubricants Market By Product, 2020-2030, USD (Million)
Table 34 Australia Lubricants Market By Application, 2020-2030, USD (Million)
Table 35 South Korea Lubricants Market By Product, 2020-2030, USD (Million)
Table 36 South Korea Lubricants Market By Application, 2020-2030, USD (Million)
Table 37 Latin America Lubricants Market By Product, 2020-2030, USD (Million)
Table 38 Latin America Lubricants Market By Application, 2020-2030, USD (Million)
Table 39 Brazil Lubricants Market By Product, 2020-2030, USD (Million)
Table 40 Brazil Lubricants Market By Application, 2020-2030, USD (Million)
Table 41 Mexico Lubricants Market By Product, 2020-2030, USD (Million)
Table 42 Mexico Lubricants Market By Application, 2020-2030, USD (Million)
Table 43 Rest of Latin America Lubricants Market By Product, 2020-2030, USD (Million)
Table 44 Rest of Latin America Lubricants Market By Application, 2020-2030, USD (Million)
Table 45 Middle East and Africa Lubricants Market By Product, 2020-2030, USD (Million)
Table 46 Middle East and Africa Lubricants Market By Application, 2020-2030, USD (Million)
Table 47 GCC Lubricants Market By Product, 2020-2030, USD (Million)
Table 48 GCC Lubricants Market By Application, 2020-2030, USD (Million)
Table 49 Africa Lubricants Market By Product, 2020-2030, USD (Million)
Table 50 Africa Lubricants Market By Application, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa Lubricants Market By Product, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa Lubricants Market By Application, 2020-2030, USD (Million)
Companies Mentioned
- Royal Dutch Shell plc.
- Exxon Mobil Corporation
- BP P.L.C.
- Chevron Corporation
- Total S.A.
- Petrochina Company Limited
- Lukoil
- Sinopec Limited.
- Kuwait Petroleum Corp.
- Saudi Arabian Oil Company (Aramco)
