Global Lubricants Market, Size, Trends, By Base Oil (Mineral Oil, Synthetic Oil, Bio-Based Oil), By Product (Engine Oil, Hydraulic Fluid, Metalworking Fluid, Gear Oil, Compressor Oil, Grease, Turbine Oil, Others), By End-Use Industry (Transportation, Industrial) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Lubricants Market
With a CAGR of 3.56 % from 2023 to 2030, the Global Lubricants Market is expected to grow from its estimated value of US$ 136 Bn in 2022 to US$ 188.56 Bn by 2030. 
Organic compounds called lubricants are used to reduce friction between surfaces that are in contact with one another. Additionally, this helps to lessen the heat that is produced when surfaces move. Additionally, it might be able to move foreign particles, forces, or change the temperature of the surfaces. The lubricants should maintain their properties even at high temperatures.
Market Drivers
In automotive applications, lubricants are widely used in things like gearbox and heavy-duty diesel engine oil. Additionally, lubricants are used in certain automotive processes including chain and piston motion. It is projected that the key driver fueling the need for lubricants would be the rise in auto demand around the globe. The market growth rate is anticipated to be boosted by lubricants' strong heat resistance and effectiveness in high-temperature situations.
The distinctive quality of the lubricants, which primarily depends on specific characteristics like hydraulic stability, high viscosity index, high resistance to oxidation, high boiling point, and thermal stability, drives up demand for them. These elements help to reduce friction in many applications, which also explains why lubricant demand has increased globally. Because of their improved qualities, lubricants are expected to be used more frequently, which will accelerate the market's growth pace.
Market Restraints
The rapidly declining demand for internal combustion engines (IC) in the automotive industry is being caused by the rising popularity of battery- or hybrid-powered vehicles, which will have a significant impact on lubricant consumption throughout the projection period. The forecasted expansion of the lubricants industry is being severely restrained by the rigorous car emission requirements and measures to outlaw the use of diesel engines in some places.
Market Segmentation
The scope of the Global Lubricants Market covers segmentation based on By Base Oil, By Product, By End-Use Industry and By Region.  
By Base Oil, the market is segmented into Mineral Oil, Synthetic Oil, Bio-Based Oil. By Product, the market is segmented into Engine Oil, Hydraulic Fluid, Metalworking Fluid, Gear Oil, Compressor Oil, Grease, Turbine Oil, Others. By End-Use Industry, the market is segmented into Transportation, Industrial.
Regional Analysis
The Global Lubricants Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Due to the region's rapid urbanisation, industrialization, and population expansion, Asia-Pacific is predicted to lead the lubricants market in terms of revenue growth and market share.
Due to the growing number of chemical manufacturing facilities in this region, Europe is predicted to experience the fastest growth in the lubricants market over the forecast period.
Key Players
Shell PLC., BP p.l.c., FUCHS, Lubrita Europe B.V, Liberty Lubricants, TotalEnergies, ExxonMobil Corporation, Phillips 66 Company, Indian Oil Corporation Ltd., Idemitsu Kosan Co.,Ltd.
Market Taxonomy
By Base Oil      
•        Mineral Oil
•        Synthetic Oil
•        Bio-Based Oil
By Product  
•        Engine Oil
•        Hydraulic Fluid
•        Metalworking Fluid
•        Gear Oil
•        Compressor Oil
•        Grease
•        Turbine Oil
•        Others
By End-Use Industry 
•        Transportation
•        Industrial
By Region
•        North America 
o        U.S.
o        Canada
o        Mexico
•        Latin America
o        Brazil
o        Argentina
o        Colombia
o        Peru
o        Chile
o        Venezuela
o        Rest of Latin America
•        Europe
o        Germany
o        France
o        UK
o        Russia
o        Italy
o        Spain
o        Rest of Europe
•        Asia Pacific
o        China        
o        Japan
o        India
o        South Korea
o        Australia
o        New Zealand
o        Singapore
o        Malaysia
o        Rest of Asia Pacific
•        Middle East & Africa
o        Saudi Arabia
o        UAE
o        Egypt
o        Kuwait
o        South Africa
o        Rest Middle East & Africa

Global Lubricants Market 
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Lubricants Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Lubricants Market, By Base Oil 
5.1 Y-o-Y Growth Comparison, By Base Oil 
5.2 Global Lubricants Market Share Analysis, By Base Oil 
5.3 Global Lubricants Market Size and Forecast, By Base Oil 
5.3.1 Mineral Oil
5.3.2 Synthetic Oil
5.3.3 Bio-Based Oil
6 Global Lubricants Market, By Product
6.1 Y-o-Y Growth Comparison, By Product
6.2 Global Lubricants Market Share Analysis, By Product
6.3 Global Lubricants Market Size and Forecast, By Product
6.3.1 Engine Oil
6.3.2 Hydraulic Fluid
6.3.3 Metalworking Fluid
6.3.4 Gear Oil
6.3.5 Compressor Oil
6.3.6 Grease
6.3.7 Turbine Oil
6.3.8 Others
7 Global Lubricants Market, By End-Use Industry 
7.1 Y-o-Y Growth Comparison, By End-Use Industry 
7.2 Global Lubricants Market Share Analysis, By End-Use Industry 
7.3 Global Lubricants Market Size and Forecast, By End-Use Industry 
7.3.1 Transportation
7.3.2 Industrial 
8 Global Lubricants Market, By Region
8.1 Global Lubricants Market Share Analysis, By Region
8.2 Global Lubricants Market Size and Forecast, By Region
8.3 Global Lubricants Market Trends and Forecast, By Region
9 North America Lubricants Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Lubricants Market Share Analysis, By Base Oil 
9.3 North America Lubricants Market Size and Forecast, By Product
9.4 North America Lubricants Market Size and Forecast, By End-Use Industry 
9.5 North America Lubricants Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Base Oil 
9.5.1.2 Market Size and Forecast, By Product
9.5.1.3. Market Size and Forecast, By End-Use Industry 
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Base Oil 
9.5.2.2 Market Size and Forecast, By Product
9.5.2.3. Market Size and Forecast, By End-Use Industry 
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Base Oil 
9.5.3.2 Market Size and Forecast, By Product
9.5.3.3. Market Size and Forecast, By End-Use Industry 
10 Europe Lubricants Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Lubricants Market Share Analysis, By Base Oil 
10.3 Europe Lubricants Market Size and Forecast, By Product
10.4 Europe Lubricants Market Size and Forecast, By End-Use Industry 
10.5 Europe Lubricants Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Base Oil 
10.5.1.2 Market Size and Forecast, By Product
10.5.1.3. Market Size and Forecast, By End-Use Industry 
10.5.2 France
10.5.2.1. Market Size and Forecast, By Base Oil 
10.5.2.2 Market Size and Forecast, By Product
10.5.2.3. Market Size and Forecast, By End-Use Industry 
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Base Oil 
10.5.3.2 Market Size and Forecast, By Product
10.5.3.3. Market Size and Forecast, By End-Use Industry 
10.5.4. Russia 
10.5.4.1. Market Size and Forecast, By Base Oil 
10.5.4.2 Market Size and Forecast, By Product
10.5.4.3. Market Size and Forecast, By End-Use Industry 
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Base Oil 
10.5.5.2 Market Size and Forecast, By Product
10.5.5.3. Market Size and Forecast, By End-Use Industry 
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Base Oil 
10.5.6.2 Market Size and Forecast, By Product
10.5.6.3. Market Size and Forecast, By End-Use Industry 
10.5.7.  Rest of Europe
10.5.7.1. Market Size and Forecast, By Base Oil 
10.5.7.2 Market Size and Forecast, By Product
10.5.7.3. Market Size and Forecast, By End-Use Industry 
11 Asia Pacific Lubricants Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Lubricants Market Share Analysis, By Base Oil 
11.3 Asia Pacific Lubricants Market Size and Forecast, By Product
11.4 Asia Pacific Lubricants Market Size and Forecast, By End-Use Industry 
11.5 Asia Pacific Lubricants Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Base Oil 
11.5.1.2 Market Size and Forecast, By Product
11.5.1.3. Market Size and Forecast, By End-Use Industry 
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Base Oil 
11.5.2.2 Market Size and Forecast, By Product
11.5.2.3. Market Size and Forecast, By End-Use Industry 
11.5.3 India
11.5.3.1. Market Size and Forecast, By Base Oil 
11.5.3.2 Market Size and Forecast, By Product
11.5.3.3. Market Size and Forecast, By End-Use Industry 
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Base Oil 
11.5.4.2 Market Size and Forecast, By Product
11.5.4.3. Market Size and Forecast, By End-Use Industry 
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Base Oil 
11.5.5.2 Market Size and Forecast, By Product
11.5.5.3. Market Size and Forecast, By End-Use Industry 
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Base Oil 
11.5.6.2 Market Size and Forecast, By Product
11.5.6.3. Market Size and Forecast, By End-Use Industry 
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Base Oil 
11.5.7.2 Market Size and Forecast, By Product
11.5.7.3. Market Size and Forecast, By End-Use Industry 
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Base Oil 
11.5.8.2 Market Size and Forecast, By Product
11.5.8.3. Market Size and Forecast, By End-Use Industry 
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Base Oil 
11.5.9.2 Market Size and Forecast, By Product
11.5.9.3. Market Size and Forecast, By End-Use Industry 
12 Latin America Lubricants Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Lubricants Market Share Analysis, By Base Oil 
12.3 Latin America Lubricants Market Size and Forecast, By Product
12.4 Latin America Lubricants Market Size and Forecast, By End-Use Industry 
12.5 Latin America Lubricants Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Base Oil 
12.5.1.2 Market Size and Forecast, By Product
12.5.1.3. Market Size and Forecast, By End-Use Industry 
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Base Oil 
12.5.2.2 Market Size and Forecast, By Product
12.5.2.3. Market Size and Forecast, By End-Use Industry 
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Base Oil 
12.5.3.2 Market Size and Forecast, By Product
12.5.3.3. Market Size and Forecast, By End-Use Industry 
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Base Oil 
12.5.4.2 Market Size and Forecast, By Product
12.5.4.3. Market Size and Forecast, By End-Use Industry 
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Base Oil 
12.5.5.2 Market Size and Forecast, By Product
12.5.5.3. Market Size and Forecast, By End-Use Industry 
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Base Oil 
12.5.6.2 Market Size and Forecast, By Product
12.5.6.3. Market Size and Forecast, By End-Use Industry 
12.5.7. Rest of Latin America
12.5.7.1. Market Size and Forecast, By Base Oil 
12.5.7.2 Market Size and Forecast, By Product
12.5.7.3. Market Size and Forecast, By End-Use Industry 
13 Middle East Lubricants Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Lubricants Market Share Analysis, By Base Oil 
13.3 Middle East Lubricants Market Size and Forecast, By Product
13.4 Middle East Lubricants Market Size and Forecast, By End-Use Industry 
13.5 Middle East Lubricants Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Base Oil 
13.5.1.2 Market Size and Forecast, By Product
13.5.1.3. Market Size and Forecast, By End-Use Industry 
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Base Oil 
13.5.2.2 Market Size and Forecast, By Product
13.5.2.3. Market Size and Forecast, By End-Use Industry 
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Base Oil 
13.5.3.2 Market Size and Forecast, By Product
13.5.3.3. Market Size and Forecast, By End-Use Industry 
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Base Oil 
13.5.4.2 Market Size and Forecast, By Product
13.5.4.3. Market Size and Forecast, By End-Use Industry 
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Base Oil 
13.5.5.2 Market Size and Forecast, By Product
13.5.5.3 Market Size and Forecast, By End-Use Industry 
13.5.6 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Base Oil 
13.5.6.2 Market Size and Forecast, By Product
13.5.6.3 Market Size and Forecast, By End-Use Industry 
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Shell PLC.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. BP p.l.c.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. FUCHS 
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Lubrita Europe B.V 
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Liberty Lubricants
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 TotalEnergies
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 ExxonMobil Corporation 
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Phillips 66 Company 
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Indian Oil Corporation Ltd.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Idemitsu Kosan Co.,Ltd.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies