We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X

Lubricants Industry Size

Lubricants Market worth $204.10 billion by 2030

The report "Lubricants Market by Base Oil Type (Mineral Oil Lubricant, Synthetic Lubricants, Bio-based Lubricants), Product Type (Engine Oil, Turbine Oil, Metalworking Fluid, Hydraulic Oil), End-use Industry (Transportation and Industrial) - Global Forecast to 2030", size was USD 178.14 billion in 2025 and is projected to reach USD 204.10 billion by 2030, at a CAGR of 2.8%, between 2025 and 2030.

Browse 255 market data Tables and 55 Figures spread through 210 Pages and in-depth TOC on "Lubricants Market by Base Oil Type (Mineral Oil Lubricant, Synthetic Lubricants, Bio-based Lubricants), Product Type (Engine Oil, Turbine Oil, Metalworking Fluid, Hydraulic Oil), End-use Industry (Transportation and Industrial) - Global Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/lubricants-market-182046896.html

The market is projected to grow because of rising demand for high-performance engines, mounting demand from marine applications, and limitations for electric vehicles. These lubricants play a crucial role in various applications in both transportation and industrial end-use industries. Industrial expansion, particularly in metal & mining, cement production, and marine sectors, is increasing the demand for high-performance lubricants that enhance equipment longevity and efficiency. In addition, due to the increasing population, demand from the food industry and transportation, technological advancements, and changing consumer preferences, the demand for lubricants can increase due to various applications.

Metalworking fluid product type is projected to register the highest CAGR, in terms of value, of the global lubricants market during the forecast period.

The metalworking fluids market is poised for substantial growth through the forecast period. Increased manufacturing activities across the globe, technological advances, and a better demand for precision in metalworking are the key growth factors. The other factors aiding the adoption of high-performance, environmentally friendly metalworking fluids are stringent environmental regulations and a focus on achieving maximum efficiency in production processes. The industries like automotive and aerospace that greatly use these fluids are also expanding, thus increasing the demand. Moreover, the continuous trend towards customizing solutions for particular manufacturing requirements supports the growth of the market. Therefore, technological innovations, regulatory compliance, and sector-specific requirements push the metalworking fluids market forward.

Synthetic lubricants are estimated to be the second-largest base oil type of lubricants market, in terms of value, during the forecast period.

Synthetic lubricants are the second-largest base oil type used in lubricants because their performance exceeds those of conventional mineral oils, particularly in extreme conditions. Their durability enables them to operate in extremely high or low temperatures and afford ultimate machinery protection. Although very expensive, businesses in the automotive, aerospace, and industrial sectors can realize a cost benefit from increased servicing intervals and reduced wear on expensive equipment. This combination of overall performance and long-term savings makes them so popular and widely used. Hence, synthetic lubricants are prepared for sustained growth, which is predicated on the requirement of a holistic solution to tackle these problems while also considering natural and sustainable lubricants.

Europe is estimated to be the second-largest market for the lubricants market, in terms of value, during the forecast period.

Europe holds the position as the second-largest consumer region for lubricants, largely due to its robust industrial and automotive sectors. The region has a strong manufacturing base, which includes automotive, aerospace, and machinery industries that highly require specialized lubricants, ensuring proper functioning and longevity. Also, Europe's strong beliefs toward environmental sustainability and energy efficiency have caused the thrust, and thus the demand for advanced eco-lubricants. The presence of automotive giants and the increasing push towards electric vehicles have also contributed to the growth of a specialized lubricant segment. Increasing R&D and more adaptive regulatory frameworks provide further support for having a larger basket of advanced lubricants in this region.

The key players profiled in the report include Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), PetroChina Company Limited (China), TotalEnergies SE (France), ENEOS Holdings, Inc. (Japan), China Petroleum & Chemical Corporation (China), Idemitsu Kosan Co., Ltd. (Japan), and others.

Don’t miss out on business opportunities in Lubricants Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

In addition, MarketsandMarkets Sales Intelligence enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter LinkedIn and Facebook .

Contact:
Mr. Rohan Salgarkar

MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Lubricants Market Size,  Share & Growth Report
Report Code
CH 2730
PR Published ON
4/22/2025
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Lubricants Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2025 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home