Global Lubricants Market 2023-2030-By Product (Axle lubricants, Bearing Oils, Brake Fluids, Chain Oils, Compressors Oils, Engine Oils, Gear Oils, Hydraulic Fluids, Thermal Management Fluids, and Turbine Oils); By Industry (Automotive, Aviation, Cement, Energy and Power, Marine, Machinery Manufacturing, Mining, Textile, and Others); By End-Users (Aftermarket and OEMs); By Geography (APAC, America, Europe, and MEA).
Global Lubricants Market 2023-2030
DESCRIPTION
Market Intelligence Summary
As per the latest analysis from WDO Consulting, the Global Lubricants Market witnessed a total shipment volume of XX billion liters in 2023, with projections indicating a growth to XX billion liters by 2030. This growth, expected to maintain a XX% compound annual growth rate (CAGR) from 2023 to 2030, can be attributed to several driving factors. These include the rising demand for high-performance lubricants, the continual expansion of the automotive industry, increased industrialization, and the implementation of stricter environmental regulations.
Within the lubricants sector, two noteworthy trends are emerging. Firstly, the industry is witnessing a surge in bio-lubricants, which are crafted from sustainable sources like vegetable oils and animal fats. These bio-lubricants are characterized by their biodegradability and non-toxic nature, making them a more environmentally conscious choice compared to conventional counterparts. Secondly, the development of smart lubricants is gaining momentum. These intelligent lubricants are equipped to monitor machinery and equipment conditions, delivering lubrication precisely when and where it is required. This innovative approach has the potential to reduce maintenance costs and extend the operational life of machinery and equipment, aligning with the industry’s drive towards greater efficiency and sustainability.
Global Lubricants Market Research Report Coverage (2023-2030)
| Report coverage | Details | |
|---|---|---|
| Base year | 2023 | |
| Forecast year | 2030 | |
| Unit shipment | Billion Liters | |
| Revenue | USD million | |
| By product (Billion liters & USD million) |
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| By industry (Billion liters & USD million) |
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| By end-users (Billion liters & USD million) |
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| By geography(USD million) |
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| Market players coverage (Top 5 players market share) |
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Market Dynamics: Key drivers, trends, and challenges
- Key market drivers
- The rapid industrialization in emerging economies
- Increasing demand for high-performance lubricants
- The rise of electric vehicles
- Key market trends
- Increased investment in bio-lubricants
- The use of nanomaterials in lubricants
- Development of smart lubricants
- Key market challenges
- Rise in counterfeit lubricants
- Fluctuations in the cost of raw materials, such as base oils and additives
- Global supply chain disruptions
Key questions to be answered
1. What is the current market size of the Lubricants market, and what is its growth potential over the next five years?
2. What is the Compound Annual Growth Rate (CAGR) of the Lubricants market?
3. Which are the key segments covered in the Lubricants market, and which segments are experiencing the fastest growth?
4. Which geographical region offers the highest growth opportunities in the Lubricants market?
5. How is the competitive landscape evolving, and who are the key players in the Lubricants market?
6. Who are the top five players in the Lubricants market, and what is their respective market share?
TABLE OF CONTENTS
- 1. Project scope
- 1.1 Market definition
- 1.2 Study objective
- 1.3 Scope inclusions
- 1.4 Scope exclusions
- 1.5 Assumptions
- 1.6 Limitations
- 2. Executive summary
- 2.1 Key findings of the study
- 2.2 Key insights from industry experts
- 2.3 Analyst opinion
- 3. Research methodology
- 3.1 Supply-side research methodology
- 3.2 Demand-side research methodology
- 4. Market dynamics
- 4.1 Trends
- 4.2 Drivers
- 4.3 Challenges
- 4.4 Ecosystem
- 4.5 Use cases
- 4.6 Market developments
- 4.6.1 Macroeconomic factors
- 4.6.1.1 Currency fluctuations
- 4.6.1.2 Supply chain disruptions
- 4.6.1.3 Government regulations
- 4.6.1.4 Others
- 4.6.2 Microeconomic factors
- 4.6.2.1 Price fluctuations
- 4.6.2.2 Technological advancements
- 4.6.1 Macroeconomic factors
- 5. Lubricants market size and forecast, by product
- 5.1 Volume and revenue 2023-2030 (Billion liters and USD million)
- 5.1.1 Axle lubricants
- 5.1.2 Bearing oils
- 5.1.3 Brake fluids
- 5.1.4 Chain oils
- 5.1.5 Compressors oils
- 5.1.6 Engine oils
- 5.1.7 Gear oils
- 5.1.8 Hydraulic fluids
- 5.1.9 Thermal management fluids
- 5.1.10 Turbine oils
- 5.1 Volume and revenue 2023-2030 (Billion liters and USD million)
- 6. Lubricants market size and forecast, by industry
- 6.1 Volume 2023-2030 (Billion liters)
- 6.1.1 Automotive
- 6.1.1.1 Car and recreational vehicles
- 6.1.1.2 Commercial vehicles
- 6.1.1.3 Electric vehicles
- 6.1.1.4 Motorcycles
- 6.1.2 Aviation
- 6.1.3 Cement
- 6.1.4 Machinery manufacturing
- 6.1.5 Marine
- 6.1.6 Mining
- 6.1.7 Textile
- 6.1.8 Others
- 6.1.1 Automotive
- 6.2 Revenue 2023-2030 (USD million)
- 6.2.1 Automotive
- 6.2.1.1 Car and recreational vehicles
- 6.2.1.2 Commercial vehicles
- 6.2.1.3 Electric vehicles
- 6.2.1.4 Motorcycles
- 6.2.2 Aviation
- 6.2.3 Cement
- 6.2.4 Machinery manufacturing
- 6.2.5 Marine
- 6.2.6 Mining
- 6.2.7 Textile
- 6.2.8 Others
- 6.2.1 Automotive
- 6.1 Volume 2023-2030 (Billion liters)
- 7. Lubricants market size and forecast, by end-users
- 7.1 Volume 2023-2030 (Billion liters)
- 7.1.1 Aftermarket
- 7.1.2 OEMs
- 7.2 Revenue 2023-2030 (USD million)
- 7.2.1 Aftermarket
- 7.2.2 OEMs
- 7.1 Volume 2023-2030 (Billion liters)
- 8. Lubricants market size and forecast, by geography
- 8.1 Americas
- 8.1.1 US
- 8.1.2 Canada
- 8.1.3 Mexico
- 8.1.4 Brazil
- 8.1.5 Argentina
- 8.1.6 Rest of Americas
- 8.2 Europe
- 8.2.1 Germany
- 8.2.2 UK
- 8.2.3 France
- 8.2.4 Italy
- 8.2.5 Nordic countries (Sweden, Norway, Denmark, Finland)
- 8.2.6 Rest of Europe
- 8.3 APAC
- 8.3.1 China
- 8.3.2 Japan
- 8.3.3 India
- 8.3.4 South Korea
- 8.3.5 Rest of APAC
- 8.4 MEA
- 8.4.1 UAE
- 8.4.2 Saudi Arabia
- 8.4.3 Qatar
- 8.4.4 Rest of Middle East
- 8.4.5 Africa
- 8.1 Americas
- 9. Competitive scenario
- 9.1 Market concentration
- 9.2 Top five companies market share 2023
- 9.3 Key strategies
- 9.4 Key investments
- 10. Company profiles
- 10.1 Bharat Petroleum
- 10.1.1 Business overview
- 10.1.2 Product portfolio
- 10.1.3 Key developments
- 10.2 CASTROL
- 10.2.1 Business overview
- 10.2.2 Product portfolio
- 10.2.3 Key developments
- 10.3 China Petrochemical
- 10.3.1 Business overview
- 10.3.2 Product portfolio
- 10.3.3 Key developments
- 10.4 Chevron
- 10.4.1 Business overview
- 10.4.2 Product portfolio
- 10.4.3 Key developments
- 10.5 Eni Sustainable Mobility
- 10.5.1 Business overview
- 10.5.2 Product portfolio
- 10.5.3 Key developments
- 10.6 ENEOS
- 10.6.1 Business overview
- 10.6.2 Product portfolio
- 10.6.3 Key developments
- 10.7 ExxonMobil
- 10.7.1 Business overview
- 10.7.2 Product portfolio
- 10.7.3 Key developments
- 10.8 FUCHS
- 10.8.1 Business overview
- 10.8.2 Product portfolio
- 10.8.3 Key developments
- 10.9 Gazprom Neft
- 10.9.1 Business overview
- 10.9.2 Product portfolio
- 10.9.3 Key developments
- 10.10 Gulf Oil International
- 10.10.1 Business overview
- 10.10.2 Product portfolio
- 10.10.3 Key developments
- 10.11 Idemitsu Kosan
- 10.11.1 Business overview
- 10.11.2 Product portfolio
- 10.11.3 Key developments
- 10.12 Indian Oil
- 10.12.1 Business overview
- 10.12.2 Product portfolio
- 10.12.3 Key developments
- 10.13 Klüber Lubrication
- 10.13.1 Business overview
- 10.13.2 Product portfolio
- 10.13.3 Key developments
- 10.14 LUKOIL
- 10.14.1 Business overview
- 10.14.2 Product portfolio
- 10.14.3 Key developments
- 10.15 MOL Group
- 10.15.1 Business overview
- 10.15.2 Product portfolio
- 10.15.3 Key developments
- 10.16 Neste
- 10.16.1 Business overview
- 10.16.2 Product portfolio
- 10.16.3 Key developments
- 10.17 PETRONAS Lubricants
- 10.17.1 Business overview
- 10.17.2 Product portfolio
- 10.17.3 Key developments
- 10.18 Petrelplus
- 10.18.1 Business overview
- 10.18.2 Product portfolio
- 10.18.3 Key developments
- 10.19 Quaker Chemical
- 10.19.1 Business overview
- 10.19.2 Product portfolio
- 10.19.3 Key developments
- 10.20 Phillips 66
- 10.20.1 Business overview
- 10.20.2 Product portfolio
- 10.20.3 Key developments
- 10.21 Shell
- 10.21.1 Business overview
- 10.21.2 Product portfolio
- 10.21.3 Key developments
- 10.22 TotalEnergies
- 10.22.1 Business overview
- 10.22.2 Product portfolio
- 10.22.3 Key developments
- 10.23 Valvoline
- 10.23.1 Business overview
- 10.23.2 Product portfolio
- 10.23.3 Key developments
- 10.1 Bharat Petroleum
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