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

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Global Lubricants Market
share button
Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2015 - 2026
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Volume (2024) 44.41 Billion Liters
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Volume (2026) 47.22 Billion Liters
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Automotive
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2026) 3.12 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players

major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

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.

Lubricants Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2026)