The total global demand for lubricants amounted to **** million metric tons in 2024. Demand reached a high in 2021, when it climbed to *****million metric tons. The decline in worldwide lubricant demand is a reflection of technological advances, such as greater engine efficiency and EV adoption. Lubricant trade also in decline As a consequence of falling consumer demand, lube oil trade via tankers has also fluctuated over the past decade. In 2024, less than ******* barrels per day had been imported worldwide, the lowest figure since 2016. Among one of the countries most reliant on oil product imports, India has become the leading importer of lube oils.

This statistic outlines the distribution of lubricant demand in Africa and the Middle East in 2007 and 2014, by country. In 2014, Egypt's lubricant demand accounted for some ten percent of the total lubricant demand in these two regions.

The report covers North American lubricants Companies and the market is segmented by end-user (automotive, heavy equipment, metallurgy & metalworking, power generation), by product type (engine oils, greases, hydraulic fluids, metalworking fluids, transmission & gear oils), and by country (Canada, Mexico, United States).

The Asia-Pacific Lubricants Market report segments the industry into By End User (Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation, Other End-user Industries), By Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils, Other Product Types), and By Country (China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Vietnam, Rest of Asia-Pacific).

This statistic shows the market share of the lubricants industry in the United States as of 2017, by area of application. At that time, a 30 percent share of the U.S. lubricants market was attributable to consumer automotive applications.

The Africa Lubricants Report is Segmented by Group (Group I, Group II, Group III, and More), Product Type (Engine Oil, Transmission and Hydraulic Fluid, Metalworking Fluid, General Industrial Oil, Gear Oil, and More), Base Oil (Mineral, Synthetic, Semi-Synthetic, and Bio-Based), End-User Industry (Automotive, Heavy Equipment, and More), and Geography (Egypt, South Africa, Nigeria, Algeria, Morocco, Kenya, Zambia, and More).

The lubricant market is estimated to be valued at USD 182.8 billion in 2025 and is projected to reach USD 283.9 billion by 2035, registering a compound annual growth rate (CAGR) of 4.5%over the forecast period. The market is expected to add an absolute dollar opportunity of USD 101.1 billion during this period.

Year	Market Value
2025	USD 182.8 billion
2035	USD 283.9 billion
CAGR	4.5%

Lubricant Market Analysis by Key Countries

Countries	CAGR (2025 to 2035)
Australia	6.8%
India	6.7%
China	5.7%
Brazil	4.2%
United States	3.7%
Japan	3.2%
Germany	2.8%

This statistic shows the market share of the lubricants industry in the United States as of 2017, by the leading product segments. At that time, a 26 percent share of the U.S. lubricants market was attributable to passenger car engine oils.

Global Petroleum Based Lubricant Market Size Value Per Capita by Country, 2023 Discover more data with ReportLinker!

This statistic shows the lubricant sales volume in the United States in 2018, by product type. At that time, automotive multigrade engine oils accounted for some 975 million gallons, making it the lubricant type with the largest U.S. sales volume.

The report covers North America Automotive Lubricants Manufacturers and the market is segmented by Vehicle Type (Commercial Vehicles, Motorcycles, Passenger Vehicles), by Product Type (Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils) and by Country (Canada, Mexico, US).

The industrial lubricant market is estimated to generate a market size of USD 27.28 billion in 2025 and is expected to reach USD 43.59 billion by 2035, reflecting a compound annual growth rate (CAGR) of 4.8% during the forecast period.

Attributes	Description
Estimated Global Market Size (2025E)	USD 27.28 billion
Projected Global Market Value (2035F)	USD 43.59 billion
Value-based CAGR (2025 to 2035)	4.8%

Semi-annual Market Update

Particulars	Value CAGR
H1 (2024 to 2034)	4.5%
H2 (2024 to 2034)	4.9%
H1 (2025 to 2035)	4.4%
H2 (2025 to 2035)	5.1%

Analyzing Top Countries Formulating, Distributing, and Supplying Industrial Lubricant Growth

Countries	CAGR 2025 to 2035
India	5.6%
South Korea	5.3%
KSA	4.1%
Brazil	4.9%
Spain	4.7%

The size of the Africa Lubricants Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.98% during the forecast period. Lubricants serve the purpose of minimizing friction between two surfaces and are employed in machinery to mitigate the wear and tear of specific components. They play a crucial role in regulating temperature and reducing the likelihood of corrosion and rust on metal surfaces. Lubricants can be classified as natural, synthetic, or semi-synthetic, with most being derived from various oils. Rapidly growing industrialization across African countries such as Nigeria and South Africa is expected to drive the lubricants market. Demand for better quality lubricants among lubricant buyers that offer excellent wear protection and lubrication to the automotive or industrial machinery components is expected to boost the market. Recent developments include: May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.May 2022: Engen Petroleum Ltd company has entered into a tripartite agreement with Nedbank and PetroCONNECT.This partnership is likely to help Engen Petroleum Ltd to expand its business in oil refining and synthetic fuel manufacturing plants, including lubricants and oil and gas sectors.April 2022: FUCHS company introduced AGRI FARM lubricants which are especially suited for high-end agricultural machines.. Key drivers for this market are: Growing Demand from the Construction Sector, Other Drivers. Potential restraints include: Volatility in Crude Oil Prices, Increasing Counterfit Products. Notable trends are: Largest Segment By End User : Automotive.

The agricultural lubricant market is projected at a valuation of USD 507.4 million for 2024. Surging at a CAGR of 5.5% between 2024 and 2034, demand for agricultural lubricants is estimated to reach USD 873.8 million by 2034.

Attributes	Key Insights
Estimated Size, 2024	USD 507.4 million
Projected Size, 2034	USD 873.8 million
Value-based CAGR (2024 to 2034)	5.5%

Semi-Annual Performance Review of the Agricultural Lubricants Industry

Particular	Value CAGR
H1 2023	5.3% (2023 to 2033)
H2 2023	5.5% (2023 to 2033)
H1 2024	5.4% (2024 to 2034)
H2 2024	5.8%

Country-wise Insights into Agricultural Lubricants Consumption Across Key Farming Regions

Countries	Value CAGR (2024 to 2034)
China	6.2%
United States	5.5%
India	5.6%
Japan	5.5%

Agricultural Lubricants Market by Product Type, Equipment Type, Application, Distribution Channel, and Region

Segment	Engine Oil (Product Type)
Value Share (2024)	5.7%

Segment	Tractor (Application)
Value Share (2024)	4.4%

Oil Based Lubricants Market Outlook

The global market size for oil based lubricants was valued at USD 60 billion in 2023 and is expected to reach approximately USD 82 billion by 2032, growing at a CAGR of 3.5% during the forecast period. This growth is primarily driven by the increasing demand from automotive and industrial sectors, which are continually expanding due to urbanization and industrialization across the globe.

One of the prominent growth factors in the oil based lubricants market is the rapid industrialization in emerging economies. Countries such as China, India, and Brazil are seeing a surge in manufacturing activities, which necessitates the use of lubricants to ensure the smooth operation of machinery. This industrial growth is complemented by government initiatives aimed at boosting manufacturing capabilities, further contributing to the rising demand for oil based lubricants. Additionally, technological advancements in lubricant formulations have led to the development of more efficient and effective products, which are also driving market growth.

Another significant growth factor is the burgeoning automotive industry. As the global population increases and urban areas expand, there is a corresponding rise in the number of vehicles on the road. This surge in automotive production and use requires a continuous supply of high-quality lubricants to maintain engine performance and longevity. Furthermore, the trend toward electric vehicles, while reducing some demand for traditional lubricants, has opened new avenues for specialized lubricants tailored for electric drivetrains and components.

The oil and gas sector also plays a crucial role in the growth of the oil based lubricants market. The extraction, processing, and transport of oil and gas require robust lubricants to ensure the reliability and efficiency of equipment and machinery. As energy demands continue to rise, investments in oil and gas infrastructure are expected to increase, thereby driving demand for oil based lubricants. Moreover, advancements in drilling technologies and the exploration of unconventional oil reserves are anticipated to further bolster the market.

Base Oil serves as the foundational ingredient in the formulation of lubricants, playing a pivotal role in determining their performance characteristics. The quality and type of Base Oil used can significantly influence the viscosity, thermal stability, and oxidation resistance of the final lubricant product. As the demand for high-performance lubricants grows, the industry is seeing a shift towards higher quality Base Oils, including Group II and Group III oils, which offer enhanced properties. This transition is driven by the need for lubricants that can meet the stringent requirements of modern engines and industrial machinery, which operate under increasingly demanding conditions.

In terms of regional outlook, the Asia Pacific region is expected to dominate the market due to its large industrial base and growing automotive sector. North America and Europe are also significant markets, driven by their advanced industrial sectors and high demand for both automotive and industrial lubricants. Additionally, regions such as Latin America and the Middle East & Africa are showing promising growth, supported by their developing economies and expanding industrial activities.

Product Type Analysis

The oil based lubricants market is segmented into three main product types: mineral oil, synthetic oil, and bio-based oil. Mineral oil lubricants, derived from petroleum crude oil, represent the largest segment due to their cost-effectiveness and abundant availability. They are widely used in various applications, including automotive and industrial machinery, where they provide adequate lubrication and protection. Despite their dominance, mineral oil lubricants face challenges related to environmental concerns and the search for more sustainable alternatives.

Synthetic oil lubricants are engineered for superior performance, offering enhanced properties such as better viscosity, stability, and lower volatility compared to mineral oils. These lubricants are particularly favored in high-performance automotive and industrial applications where extreme conditions are prevalent. The higher cost of synthetic oils has historically limited their adoption, but the increasing demand for high-quality, long-lasting lubricants is driving their market share. Additionally, advancements in synthetic

Discover Market Research Intellect's GCC Countries Automotive Lubricants Market Report, worth USD 3.5 billion in 2024 and projected to hit USD 5.2 billion by 2033, registering a CAGR of 5.5% between 2026 and 2033.Gain in-depth knowledge of emerging trends, growth drivers, and leading companies.

Oil Gas Lubricants Market Outlook

The global oil and gas lubricants market size was valued at USD 65.8 billion in 2023 and is projected to reach USD 91.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.8% during the forecast period. This growth is predominantly driven by increasing industrial activities and the expanding automotive sector worldwide. The rising demand for energy-efficient and high-performance lubricants also contributes substantially to this market's expansion.

One of the primary growth factors for the oil and gas lubricants market is the rapid industrialization occurring in developing economies. Countries in Asia Pacific, such as China and India, are witnessing a surge in manufacturing activities, leading to a higher consumption of industrial lubricants. Additionally, the ongoing advancements in machinery and equipment require lubricants with superior performance characteristics, further propelling the market. The continuous investments in infrastructure projects globally are also fuelling the demand for various types of lubricants, including hydraulic fluids and gear oils.

The automotive sector is another significant driver for the oil and gas lubricants market. The increasing number of vehicles on the road, particularly in emerging economies, is leading to higher consumption of engine oils and other automotive lubricants. The trend towards electric vehicles might pose a challenge, but the market for conventional vehicles remains robust, ensuring sustained demand for automotive lubricants. Moreover, the development of synthetic and bio-based oils is creating new opportunities for market growth by providing more environmentally friendly options to consumers.

Technological advancements in lubricant formulation and the introduction of high-performance lubricants are also contributing to market growth. Innovations such as nano-lubricants and lubricants designed for extreme conditions are gaining traction. These advancements are not only improving the efficiency and lifespan of machinery but also reducing maintenance costs, thereby benefiting various end-user industries. Furthermore, stringent environmental regulations are pushing manufacturers to develop eco-friendly lubricant solutions, which is expected to drive market expansion.

From a regional perspective, Asia Pacific holds the largest share of the global oil and gas lubricants market. The region's strong industrial base, coupled with rapid urbanization and increasing automotive production, is driving the demand for lubricants. North America and Europe also represent significant markets due to their established industrial sectors and technological advancements. The Middle East & Africa and Latin America are emerging markets with substantial growth potential, driven by increasing industrial activities and rising investments in infrastructure development.

Product Type Analysis

The oil and gas lubricants market is segmented by product type into engine oil, hydraulic fluid, gear oil, compressor oil, grease, and others. Engine oil is the most prominent segment, accounting for a significant share of the market. The high demand for engine oil is primarily attributed to its widespread use in the automotive sector. With the increasing number of vehicles globally, the consumption of engine oil continues to rise. Additionally, advancements in engine technology have led to the development of high-performance engine oils that enhance fuel efficiency and reduce emissions, further driving this segment's growth.

Hydraulic fluids are another crucial segment in the oil and gas lubricants market. These lubricants are essential for the efficient operation of hydraulic systems in various industries, including construction, manufacturing, and agriculture. The growing adoption of advanced hydraulic systems in machinery and equipment is boosting the demand for hydraulic fluids. Moreover, the need for energy-efficient and high-performance hydraulic fluids is driving innovation in this segment, leading to the development of new formulations that offer enhanced performance and longer service life.

Gear oil is also a significant segment, mainly driven by its extensive application in automotive and industrial sectors. Gear oils are essential for the smooth operation of gear systems, providing lubrication and reducing wear and tear. The demand for high-performance gear oils is increasing as industries seek to improve the efficiency and longevity of their machinery. The development of synthetic and semi-synthetic gear oils is further enhancing

The global passenger vehicles lubricants market, valued at approximately $XX million in 2025, is projected to experience steady growth, driven by a Compound Annual Growth Rate (CAGR) of 3.10% from 2025 to 2033. This growth is fueled by several key factors. The expanding global passenger vehicle fleet, particularly in emerging economies, significantly boosts demand for lubricants. Stringent emission regulations are pushing the adoption of higher-quality, more environmentally friendly lubricants, creating a market for advanced formulations. Furthermore, increasing awareness of the importance of regular vehicle maintenance and the benefits of using premium lubricants is driving consumer demand. The market is segmented by product type, with engine oils holding the largest market share, followed by greases, hydraulic fluids, and transmission & gear oils. Major players like BP PLC (Castrol), Chevron Corporation, and ExxonMobil Corporation are leveraging technological advancements and strategic partnerships to strengthen their market positions. Competitive pricing strategies and the introduction of innovative lubricant technologies are also shaping the market landscape. Geographic variations in market growth are expected. While mature markets like North America and Europe exhibit moderate growth, significant expansion is anticipated in regions like Asia-Pacific, driven by robust automobile sales and infrastructure development in countries such as China and India. The Middle East and Africa region also presents promising opportunities due to rising vehicle ownership and increasing government initiatives promoting infrastructure development. However, fluctuating crude oil prices and economic downturns in certain regions pose potential restraints on market growth. The increasing adoption of electric vehicles (EVs) presents both a challenge and an opportunity, with the market needing to adapt to the specific lubrication requirements of this emerging segment. The forecast period of 2025-2033 will be characterized by a blend of continuous innovation, strategic partnerships, and regional market dynamics, shaping the future of the global passenger vehicles lubricants market. Recent developments include: December 2021: ExxonMobil introduced a line of synthetic engine oils, i.e., Mobil Super Pro, for SUVs in India.September 2021: Shell partnered with ReadyAssist, a Bengaluru-based 24-hour roadside assistance firm, to provide a seamless oil changing service across the country. Customers can get a free lube change for their vehicles when they buy Shell lubricants through ReadyAssist, which will be accessible at up to 5,500 third-party retail outlets across the country.September 2021: ExxonMobil launched the Mobil Super All-in-One Protection SUV Pro synthetic engine oil for SUVs.. Notable trends are: Largest Segment By Product Type : Engine Oils.

Global Petroleum Based Lubricant Market Size Value Share by Country (US Dollars), 2023 Discover more data with ReportLinker!

Gear Lubricant Market Outlook

According to our latest research, the global gear lubricant market size reached USD 9.1 billion in 2024, reflecting robust demand across various industrial and automotive sectors. The market is projected to expand at a CAGR of 4.8% from 2025 to 2033, with the total market value expected to reach USD 13.9 billion by the end of the forecast period. This steady growth is primarily driven by the rising need for efficient machinery operation, increased automotive production, and the ongoing industrialization in emerging economies. The latest research highlights that advancements in lubricant formulations and the growing emphasis on sustainability are also key growth factors shaping the trajectory of the gear lubricant market globally.

One of the primary growth drivers for the gear lubricant market is the accelerating pace of industrialization, particularly in the Asia Pacific region. As manufacturing hubs expand and new industries emerge, the demand for high-performance gear lubricants is surging. These lubricants play a vital role in reducing friction, dissipating heat, and extending the lifespan of gears and machinery, which is critical for maintaining operational efficiency and minimizing downtime. The increasing automation of industrial processes and the adoption of advanced manufacturing technologies are further amplifying the need for specialized lubricants that can withstand extreme pressures and temperatures, thus fueling market growth.

The automotive sector is another significant contributor to the expansion of the gear lubricant market. With global vehicle production on the rise, particularly in developing countries, the need for reliable and high-quality gear lubricants has never been greater. Modern vehicles, equipped with sophisticated transmission systems, require lubricants that ensure smooth gear shifts and enhance fuel efficiency. Additionally, the shift towards electric vehicles (EVs) is creating new opportunities for lubricant manufacturers to develop products tailored to the unique requirements of EV gearboxes and drivetrains. This ongoing evolution in automotive technology is expected to create sustained demand for innovative gear lubricant solutions over the coming years.

Environmental regulations and the increasing focus on sustainability are also shaping the gear lubricant market. Governments and regulatory bodies across the globe are enforcing stringent emission norms and encouraging the use of eco-friendly lubricants. This has led to a surge in research and development activities aimed at producing bio-based and synthetic gear lubricants that offer superior performance while minimizing environmental impact. The trend towards circular economy practices and the adoption of green manufacturing processes are compelling end-users to seek lubricants with lower toxicity, higher biodegradability, and reduced carbon footprints, further propelling market growth.

Gear Oil plays a crucial role in the performance and longevity of machinery across various sectors. It is specifically formulated to protect gears from wear, corrosion, and oxidation, ensuring smooth operation under diverse conditions. The demand for high-quality gear oil is increasing as industries seek to enhance the efficiency and reliability of their equipment. In the automotive sector, gear oil is vital for maintaining the performance of transmissions and differentials, contributing to improved fuel efficiency and reduced emissions. As the industry evolves with advancements in technology and a shift towards sustainability, the development of innovative gear oil formulations is becoming a key focus for manufacturers aiming to meet the stringent requirements of modern machinery.

Regionally, the Asia Pacific dominates the gear lubricant market, accounting for the largest share in both production and consumption. This is attributed to the rapid expansion of industrial and automotive sectors in countries such as China, India, and Japan. North America and Europe also represent significant markets, driven by technological advancements, high automotive penetration, and stringent regulatory standards. Meanwhile, the Middle East & Africa and Latin America are witnessing steady growth, supported by infrastructure development and increasing investments in manufacturing and transportation. The regional dynamics are expected to evolve furthe