Lubricants Companies

In terms of value, the lubricants market is projected to grow from USD 178.14 billion in 2025 to USD 204.10 billion by 2030, at a CAGR of 2.8%. The lubricants market has grown due to expanding marine applications and increasing demand for high-performance engines.

Lubricants Companies

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. The lubricants market has witnessed insignificant growth in the past few years; government regulations and changing lifestyles drive this market. Market players are introducing new technologies, acquisitions, collaborations, and features to acquire larger market shares.

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BP p.l.c. is a major oil, gas, and renewable energy company worldwide. The famous Castrol is part of BP p.l.c.'s lubricants market. It is one of the top brands in the world, offering a full range of lubricants- from engine oils to transmission fluids and industrial lubricants. The trademark boasts state-of-the-art technology and a performance/sustainability commitment supported by partnerships with leading automotive manufacturers and motorsport teams to advance innovation. BP p.l.c. pursues investments in lower-carbon lubricants and digital service platforms to position the company to help meet international energy transition goals and change consumer behaviors. Its strategic focus will be on improving product performance, lowering carbon intensity, and making inroads into emerging markets.

Chevron Corporation is one of the leading names in the American multinational energy space and a key player in the global lubricants market through its brands Chevron, Texaco, and Caltex. Engine oils, transmission fluids, industrial lubricants, and a comprehensive line of lubricants are offered under these brands in the automotive, industrial, and marine sectors. Chevron Corporation started the lubricants value chain, which includes manufacturing high-quality base oils, enhancing additives, and blending and packaging finished lubricants. The company has over 20 blending plants worldwide, with regional technology centers located in Ghent, Belgium, for the development and technical support of coolant products.

Ranking of key market players, 2024

Major players in the lubricants market were mapped and ranked based on their segmental revenues, product portfolios, product revenues, developments undertaken, and geographical presence. The lubricants market is competitive, with a few leading players dominating it. However, the growing demand may change the intensity of competition with the presence of local manufacturers in emerging regions. Hence, companies are constantly competing to capture more market share.

Shell plc (UK) is the largest manufacturer of lubricants globally. It mainly operates in oil & gas and lubricants. Other players also focus on collaborations and new product launches to increase their geographic reach to cater to consumer demand, garner new projects, strengthen their product and service portfolios, and cater to untapped markets. The market share is analyzed based on primary interviews, product offerings, and the revenue earned by players.

Related Reports:

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