Asia Pacific Lubricants Market Size & Outlook, 2023-2030

The lubricants market in Asia Pacific is expected to reach a projected revenue of US$ 85,232.9 million by 2030. A compound annual growth rate of 4.6% is expected of Asia Pacific lubricants market from 2024 to 2030.
Revenue, 2023 (US$M)
$62,152.1
Forecast, 2030 (US$M)
$85,232.9
CAGR, 2024 - 2030
4.6%
Report Coverage
Asia Pacific

Asia Pacific lubricants market highlights

  • The Asia Pacific lubricants market generated a revenue of USD 62,152.1 million in 2023.
  • The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
  • In terms of segment, automotive was the largest revenue generating product in 2023.
  • Aerospace is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, India is expected to register the highest CAGR from 2024 to 2030.

Asia Pacific data book summary

Market revenue in 2023USD 62,152.1 million
Market revenue in 2030USD 85,232.9 million
Growth rate4.6% (CAGR from 2023 to 2030)
Largest segmentAutomotive
Fastest growing segmentAerospace
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationIndustrial, Automotive, Marine, Aerospace
Key market players worldwideExxonMobil, KLM Royal Dutch Airlines, BP PLC, TotalEnergies SE, Chevron Corp, Fuchs SE ADR (Representing Pref. Shares), AMSOIL, Philips, Valvoline Inc, PetroChina Co Ltd Class H, China Petrochemical Development, Idemitsu Kosan Co Ltd, LUKOIL, Petronas Chemicals Group Bhd, Petrofer Chemie H. R. Fischer, Zeller + Gmelin GmbH & Co KG, Blaser Swisslube

Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 44.6% of the global lubricants market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 85,232.9 million by 2030.

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Lubricants Market Companies

Name Profile # Employees HQ Website

Asia Pacific 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 54.31% in 2023. Horizon Databook has segmented the Asia Pacific lubricants market based on industrial, automotive, marine, aerospace covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Asia Pacific lubricants market databook

  • Our clientele includes a mix of lubricants market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific lubricants market size, by country, 2018-2030 (US$M)

Asia Pacific Lubricants Market Outlook Share, 2023 & 2030 (US$M)

Asia Pacific lubricants market size, by country, 2018-2030 (US$M)

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