Asia-pacific Lubricants Market Size

Statistics for the 2023 & 2024 Asia-pacific Lubricants market size, created by Mordor Intelligence™ Industry Reports. Asia-pacific Lubricants size report includes a market forecast to 2026 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

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Market Size of asia-pacific lubricants Industry

Asia-pacific Lubricants Market Summary
svg icon Study Period 2015 - 2026
svg icon Market Volume (2024) 21.20 Billion Liters
svg icon Market Volume (2026) 22.95 Billion Liters
svg icon Largest Share by End User Automotive
svg icon CAGR (2024 - 2026) 4.05 %
svg icon Largest Share by Country China

Major Players

Asia-pacific Lubricants Market Major Players Asia-pacific Lubricants Market Major Players Asia-pacific Lubricants Market Major Players Asia-pacific Lubricants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia-Pacific Lubricants Market Analysis

The Asia-pacific Lubricants Market size is estimated at 21.20 Billion Liters in 2024, and is expected to reach 22.95 Billion Liters by 2026, growing at a CAGR of 4.05% during the forecast period (2024-2026).

  • Largest Segment by End-user Industry - Automotive : Among all end-user segments, automotive was the largest end-user due to the high proportion of lubricant drain intervals in motor vehicles than in any industrial application.
  • Fastest Segment by End-user Industry - Power Generation : Power generation is expected to be Asia-Pacific's fastest-growing end user of lubricants due to the expanding demand for low-cost energy from natural-gas-fueled power plants.
  • Largest Country Market - China : China is the largest lubricant market in Asia-Pacific, with a higher number of motor vehicles, natural gas power plants, and industrial machinery than any other country.
  • Fastest Growing Country Market - Vietnam : Among all Asia-Pacific countries, Vietnam is expected to be the fastest-growing country in lubricant demand due to its rising manufacturing industry and vehicle ownership.

Asia Pacific Lubricants Market Report Snapshots

Asia-Pacific Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2026)