How big is the Global Lubricants Market?

The Global Lubricants Market size is expected to reach 44.41 billion Liters in 2024 and grow at a CAGR of 3.12% to reach 47.22 billion Liters by 2026. Read More

What is the current Global Lubricants Market size?

In 2024, the Global Lubricants Market size is expected to reach 44.41 billion Liters. Read More

Who are the key players in Global Lubricants Market?

BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell PLC are the major companies operating in the Global Lubricants Market. Read More

Which segment has the biggest share in the Global Lubricants Market?

In the Global Lubricants Market, the Automotive segment accounts for the largest share by end user. Read More

Which region has the biggest share in the Global Lubricants Market?

In 2024, Asia-Pacific accounts for the largest share by region in the Global Lubricants Market. Read More

What years does this Global Lubricants Market cover, and what was the market size in 2023?

In 2023, the Global Lubricants Market size was estimated at 42.99 billion Liters. The report covers the Global Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Lubricants Market size for years: 2024, 2025 and 2026. Read More

Global Lubricants Market Size

Statistics for the 2023 & 2024 Global Lubricants market size, created by Mordor Intelligence™ Industry Reports. Global 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.

Market Size of global lubricants Industry

	Study Period	2015 - 2026
	Market Volume (2024)	44.41 Billion Liters
	Market Volume (2026)	47.22 Billion Liters
	Largest Share by End User	Automotive
	CAGR (2024 - 2026)	3.12 %
	Largest Share by Region	Asia-Pacific
Major Players

*Disclaimer: Major Players sorted in no particular order

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Lubricants Market Analysis

The Global Lubricants Market size is estimated at 44.41 Billion Liters in 2024, and is expected to reach 47.22 Billion Liters by 2026, growing at a CAGR of 3.12% during the forecast period (2024-2026).

Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user among all categories due to the high replacement cycles of lubricants used in motor vehicles compared to any other industrial application.
Fastest Segment by End-user Industry - Power Generation : Power generation is projected to be the fastest-growing end-user globally due to the increasing demand for low-cost energy from natural gas and wind power plants.
Largest Region Market - Asia-Pacific : Asia-Pacific, driven mainly by India, China, and Japan, is the major lubricant-consuming region due to high vehicle ownerships and industrial machinery than any other region.
Fastest Growing Region Market - Asia-Pacific : Due to rising urbanization, increased electricity use, and rising vehicle ownership in China and India, Asia-Pacific is projected to be the fastest-growing region.