Lubricants Market Research Report- Forecast till 2023

Global lubricants market research report- information by type (mineral oil, bio-based, and synthetic lubricants), application (industrial, automotive, marine, construction, and others) region – Forecast till 2023

ID: MRFR/CnM/4003-HCR | February 2021 | Region: Global | 137 pages

Synopsis of Lubricants Market:


Lubricants are used to reduce heat and wear between contacting surfaces in relative motion. They are indispensable to the proper functioning of machinery because reduce tear and wear between different moving parts. In industrial machinery, they are used to reduce the downtime operations, hence improve the overall productivity of the machine. They possess excellent properties such as rust and corrosion protection, demulsibility, and extended equipment life, which make them suitable for use in numerous end-use application such as marine, construction, industrial, automotive, and others.


As per our analysis, some of the important market factors and trends identified in the global lubricants market are rising industrialization, increasing automotive production & sales, continuous growth of the construction sector. Furthermore, rising mining and construction activities in the developing and developed countries are expected to give a new momentum to the market growth. Increasing disposable income along with rising automotive production & sales across the globe is estimated to fuel the growth of the market. Moreover, expansion of manufacturing units in order to meet the growing demand for various goods are heavily dependent on the machinery and industrial equipment, which are further utilized lubricants for better efficiency. With this aforementioned reason, the market is estimated to register a healthy growth over the forecast period. Furthermore, increasing oilfield chemicals demand on account of rising exploration and drilling activities are estimated to propel the growth of the market. Moreover, increased research and development activities to mitigate the harmful effect of synthetic lubricants on the environment results in the development of bio-based lubricants, which is further predicted to drive the growth of the market over the estimated period.  


The global lubricants market share by application (2016), (%)


 


Source: MRFR Analysis


Regional Analysis:


The global lubricants market is spanned across five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific emerged as the largest lubricants market and is predicted to grow a healthy CAGR due to the expansion of various end-use industries such as construction, automotive, and other transportation sector, over the forecast period. The demand for lubricants is estimated to surge in various countries of the Asia Pacific such as India, South Korea, Japan, Thailand, Australia, Malaysia, Bangladesh, China, and Taiwan on account of increasing passenger car sales along with rising automotive manufacturing base from international manufacturers. In addition, increasing industrialization in developing countries, the presence of inexpensive raw material, labor & land, and soberly stringent regulatory framework are some other factors for the regional growth of lubricants market over the assessment period.


Asia Pacific lubricant market is followed by Europe, which is further trailed by North America. In Europe, numerous countries such as Germany, Russia, U.K, Italy, Poland, and France have emerged as the major contributors to the regional lubricants market growth and is estimated to continue their dominance over the forecast period due to the wide utilization of lubricants in mining and quarry applications. The north American market is segmented into the U.S. and Canada. The U.S. accounted for the largest market share on account of increasing onshore as well as exploration activities along with increasing demand from oilfield chemicals. Latin American countries such as Brazil, Mexico, Argentina, Peru, and Guatemala are expected to register a moderate growth due to increasing automotive production and sales along with increasing consumer spending on passenger cars. The Middle Eastern and African countries such as Qatar, Oman, Turkey, Kuwait, Saudi Arabia, and the United Arab Emirates (UAE) are predicted to witness a strong demand on account of booming building & construction sector in this region. Moreover, increasing tourism activities along with rising commercial and residential construction are estimated to drive the regional market growth.


Segmentation:


The global lubricants market is categorized on the basis of type, application, and region. On the basis of the type, the market is classified into mineral oil, bio-based, and synthetic lubricants. On the basis of the application, the lubricants market is categorized into industrial, automotive, marine, construction, and others. Industrial segment is further classified into metalworking fluids, general industrial oils, process oils, and industrial engine oils. Automotive segment is categorized into gear oil, passenger vehicle oils, heavy-duty engine oils, hydraulic & transmission fluids, and others. On the basis of the region, the market is classified into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.


Key Players:


Some of the prominent players operating in the global lubricants market are Royal Dutch Shell PLC. (the Netherlands), Exxonmobil Corporation (U.S.), Chevron Corporation (U.S.), Total S.A. (France), Sinopec Lubricant Company (China), Petrochina Company Limited (China), BP PLC (UK), JXTG Group (Japan), Idemitsu Kosan Co. Ltd (Japan), FUCHS (Germany), PETRONAS (Malaysia) among others.


Geographical Analysis:


The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.


Intended Audience:



  • Lubricants manufacturers

  • Traders and Distributors of lubricants

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



Frequently Asked Questions (FAQ) :


Players like Exxonmobil Corporation (U.S.), Royal Dutch Shell PLC. (the Netherlands), Total S.A. (France), Chevron Corporation (U.S.), Petrochina Company Limited (China), Sinopec Lubricant Company (China), JXTG Group (Japan), PETRONAS (Malaysia) BP PLC (UK), FUCHS (Germany), and Idemitsu Kosan Co. Ltd (Japan) are impacting the global lubricants market growth.

Asia Pacific would have the largest market share of the lubricants market.

Mergers, product launch, advertising, acquisitions, collaborations, better R&D, and other tactical changes would be the major talking point of the companies that would inspire better lubricants market growth.

Lubricant’s properties to reduce heat and wear of two contacting surfaces would increase its intake across several industries and propel growth for the lubricants market. Other than that demulsibility, rust & corrosion protection, and the ability to provide extended equipment life can inspire a better growth rate.

The automotive segment is expected to dominate the lubricants market.

Table of Contents


1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Lubricants Market

5 Industry Overview of Global Lubricants Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Lubricants Market by Type

7.1 Introduction

7.2 Mineral Oil

7.2.1 Market Estimates & Forecast, 2016-2023

7.2.2 Market Estimates & Forecast by Region, 2016-2023

7.3 Bio-Based

7.3.1 Market Estimates & Forecast, 2016-2023

7.3.2 Market Estimates & Forecast by Region, 2016-2023

7.4 Synthetic

7.4.1 Market Estimates & Forecast, 2016-2023

7.4.2 Market Estimates & Forecast by Region, 2016-2023

8. Global Lubricants Market by Application

8.1 Introduction

8.2 Industrial

8.2.1 Market Estimates & Forecast, 2016-2023

8.2.2 Market Estimates & Forecast by Region, 2016-2023

8.3 Automotive

8.3.1 Market Estimates & Forecast, 2016-2023

8.3.2 Market Estimates & Forecast by Region, 2016-2023

8.4 Marine

8.4.1 Market Estimates & Forecast, 2016-2023

8.4.2 Market Estimates & Forecast by Region, 2016-2023

8.5 Construction

8.5.1 Market Estimates & Forecast, 2016-2023

8.5.2 Market Estimates & Forecast by Region, 2016-2023

8.6 Others

8.6.1 Market Estimates & Forecast, 2016-2023

8.6.2 Market Estimates & Forecast by Region, 2016-2023

9. Global Lubricants Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2016-2023

9.2.2 Market Estimates & Forecast by Type, 2016-2023

9.2.3 Market Estimates & Forecast by Application, 2016-2023

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2016-2023

9.2.4.2 Market Estimates & Forecast by Type, 2016-2023

9.2.4.3 Market Estimates & Forecast by Application, 2016-2023

9.2.5 Mexico

9.2.5.1 Market Estimates & Forecast, 2016-2023

9.2.5.2 Market Estimates & Forecast by Type, 2016-2023

9.2.5.3 Market Estimates & Forecast by Application, 2016-2023

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2016-2023

9.2.6.2 Market Estimates & Forecast by Type, 2016-2023

9.2.6.3 Market Estimates & Forecast by Application, 2016-2023

9.3 Europe

9.3.1 Market Estimates & Forecast, 2016-2023

9.3.2 Market Estimates & Forecast by Type, 2016-2023

9.3.3 Market Estimates & Forecast by Application, 2016-2023

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2016-2023

9.3.4.2 Market Estimates & Forecast by Type, 2016-2023

9.3.4.3 Market Estimates & Forecast by Application, 2016-2023

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2016-2023

9.3.5.2 Market Estimates & Forecast by Type, 2016-2023

9.3.5.3 Market Estimates & Forecast by Application, 2016-2023

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2016-2023

9.3.6.2 Market Estimates & Forecast by Type, 2016-2023

9.3.6.3 Market Estimates & Forecast by Application, 2016-2023

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2016-2023

9.3.7.2 Market Estimates & Forecast by Type, 2016-2023

9.3.7.3 Market Estimates & Forecast by Application, 2016-2023

9.3.8 U.K

9.3.8.1 Market Estimates & Forecast, 2016-2023

9.3.8.2 Market Estimates & Forecast by Type, 2016-2023

9.3.8.3 Market Estimates & Forecast by Application, 2016-2023

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2016-2023

9.4.2 Market Estimates & Forecast by Type, 2016-2023

9.4.3 Market Estimates & Forecast by Application, 2016-2023

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2016-2023

9.4.4.2 Market Estimates & Forecast by Type, 2016-2023

9.4.4.3 Market Estimates & Forecast by Application, 2016-2023

9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2016-2023

9.4.5.2 Market Estimates & Forecast by Type, 2016-2023

9.4.5.3 Market Estimates & Forecast by Application, 2016-2023

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2016-2023

9.4.6.2 Market Estimates & Forecast by Type, 2016-2023

9.4.6.3 Market Estimates & Forecast by Application, 2016-2023

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2016-2023

9.4.7.2 Market Estimates & Forecast by Type, 2016-2023

9.4.7.3 Market Estimates & Forecast by Application, 2016-2023

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2016-2023

9.4.8.2 Market Estimates & Forecast by Type, 2016-2023

9.4.8.3 Market Estimates & Forecast by Application, 2016-2023

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2016-2023

9.4.9.2 Market Estimates & Forecast by Type, 2016-2023

9.4.9.3 Market Estimates & Forecast by Application, 2016-2023

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2016-2023

9.5.2 Market Estimates & Forecast by Type, 2016-2023

9.5.3 Market Estimates & Forecast by Application, 2016-2023

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2016-2023

9.5.4.2 Market Estimates & Forecast by Type, 2016-2023

9.5.4.3 Market Estimates & Forecast by Application, 2016-2023

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2016-2023

9.5.5.2 Market Estimates & Forecast by Type, 2016-2023

9.5.5.3 Market Estimates & Forecast by Application, 2016-2023

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2016-2023

9.5.6.2 Market Estimates & Forecast by Type, 2016-2023

9.5.6.3 Market Estimates & Forecast by Application, 2016-2023

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2016-2023

9.5.7.2 Market Estimates & Forecast by Type, 2016-2023

9.5.7.3 Market Estimates & Forecast by Application, 2016-2023

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2016-2023

9.5.8.2 Market Estimates & Forecast by Type, 2016-2023

9.5.8.3 Market Estimates & Forecast by Application, 2016-2023

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2016-2023

9.6.2 Market Estimates & Forecast by Type, 2016-2023

9.6.3 Market Estimates & Forecast by Application, 2016-2023

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2016-2023

9.6.4.2 Market Estimates & Forecast by Type, 2016-2023

9.6.4.3 Market Estimates & Forecast by Application, 2016-2023

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2016-2023

9.6.5.2 Market Estimates & Forecast by Type, 2016-2023

9.6.5.3 Market Estimates & Forecast by Application, 2016-2023

9.6.6 Rest of Latin America

9.6.6.1 Market Estimates & Forecast, 2016-2023

9.6.6.2 Market Estimates & Forecast by Type, 2016-2023

9.6.6.3 Market Estimates & Forecast by Application, 2016-2023

10. Company Landscape

11. Company Profiles

11.1 Royal Dutch Shell PLC.

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Exxonmobil Corporation

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Chevron Corporation

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Total S.A.

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Sinopec Lubricant Company

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Petrochina Company Limited

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 BP PLC

11.7.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 JXTG Group

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Idemitsu Kosan Co. Ltd

11.9.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 FUCHS

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.11 PETRONAS

11.11.1 Company Overview

11.11.2 Product/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

12. Conclusion

LIST OF TABLES


Table 1 World Population by Major Regions (2016 To 2023)

Table 2 Global Lubricants Market: By Region, 2016-2023

Table 3 North America Lubricants Market: By Country, 2016-2023

Table 4 Europe Lubricants Market: By Country, 2016-2023

Table 5 Asia-Pacific Lubricants Market: By Country, 2016-2023

Table 6 Middle East & Africa Lubricants Market: By Country, 2016-2023

Table 7 Latin America Lubricants Market: By Country, 2016-2023

Table 8 Global Lubricants by Type Market: By Regions, 2016-2023

Table 9 North America Lubricants by Type Market: By Country, 2016-2023

Table 10 Europe Lubricants by Type Market: By Country, 2016-2023

Table11 Asia-Pacific Lubricants by Type Market: By Country, 2016-2023

Table12 Middle East & Africa Lubricants by Type Market: By Country, 2016-2023

Table13 Latin America Lubricants by Type Market: By Country, 2016-2023

Table14 North America Lubricants for Application Market: By Country, 2016-2023

Table15 Europe Lubricants for Application Market: By Country, 2016-2023

Table16 Asia-Pacific Lubricants for Application Market: By Country, 2016-2023

Table17 Middle East & Africa Lubricants for Application Market: By Country, 2016-2023

Table18 Latin America Lubricants for Application Market: By Country, 2016-2023

Table 19 Global Type Market: By Region, 2016-2023

Table 20 Global Application Market: By Region, 2016-2023

Table 21 North America Lubricants Market, By Country

Table 22 North America Lubricants Market, By Type

Table 23 North America Lubricants Market, By Application

Table24 Europe: Lubricants Market, By Country

Table25 Europe: Lubricants Market, By Type

Table 26 Europe: Lubricants Market, By Application

Table 27 Asia-Pacific: Lubricants Market, By Country

Table 28 Asia-Pacific: Lubricants Market, By Type

Table 29 Asia-Pacific: Lubricants Market, By Application

Table 30 Middle East & Africa: Lubricants Market, By Country

Table 31 Middle East & Africa Lubricants Market, By Type

Table 32 Middle East & Africa: Lubricants Market, By Application

Table 33 Latin America: Lubricants Market, By Country

Table 34 Latin America Lubricants Market, By Type

Table 35 Latin America: Lubricants Market, By Application


LIST OF FIGURES


FIGURE 1 Global Lubricants Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Lubricants Market

FIGURE 4 Value Chain of Global Lubricants Market

FIGURE 5 Share of Global Lubricants Market in 2016, by country (in %)

FIGURE 6 Global Lubricants Market, 2016-2023,

FIGURE 7 Sub segments of Type

FIGURE 8 Global Lubricants Market size by Type, 2016

FIGURE 9 Share of Global Lubricants Market by Type, 2016 to 2023

FIGURE 10 Sub segments of Application

FIGURE 11 Global Lubricants Market size by Application, 2016

FIGURE 12 Share of Global Lubricants Market by Application, 2016 to 2023