Global Lubricants Market Size & Outlook, 2023-2030
Global lubricants market, 2018-2030 (US$M)
Related Markets
Global lubricants market highlights
- The global lubricants market generated a revenue of USD 139,438.0 million in 2023 and is expected to reach USD 180,211.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 3.7% by 2030.
- In terms of segment, automotive accounted for a revenue of USD 74,439.8 million in 2023.
- Aerospace is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Russia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 139,438.0 million |
| Market revenue in 2030 | USD 180,211.2 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Aerospace |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Automotive, Marine, Aerospace |
Other key industry trends
- In terms of revenue, the North America accounted for 18.4% of the global lubricants market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Russia is the fastest growing regional market and is projected to reach USD 5,348.6 million by 2030.
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Lubricants Market Scope
Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lubricants market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 53.39% in 2023. Horizon Databook has segmented the Global lubricants market based on industrial, automotive, marine, aerospace covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Lubricants Product Outlook (Revenue, USD Million, 2018-2030)
- Industrial
- Process oils
- General industrial oils
- Metalworking Fluids
- Industrial engine oils
- Greases
- Others
- Automotive
- Engine Oil
- 0W-20
- 0W-30
- 0W-40
- 5W-20
- 5W-30
- 5W-40
- 10W-60
- 10W-40
- 15W-40
- Others
- Gear Oil
- Transmission Fluids
- Brake Fluids
- Coolants
- Greases
- Engine Oil
- Marine
- Engine oil
- Hydraulic oil
- Gear oil
- Turbine oil
- Greases
- Others (compressor oil, refrigeration oil, heat transfer oil)
- Aerospace
- Gas turbine oil
- Piston engine oil
- Hydraulic fluids
- Others
- Industrial
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Target buyers of Global lubricants market databook
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Our clientele includes a mix of lubricants market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global lubricants market , including forecasts for subscribers. This global databook contains high-level insights into Global lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global lubricants market size, by regions, 2018-2030 (US$M)
Top 10 countries: Lubricants market size, 2023 (US$M)
Global lubricants market share, by product, 2023 & 2030 (%, US$M)
Lubricants market: Opportunity assessment by country
Global lubricants market, by region, 2023 (US$M)
Related regional statistics
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