How big is the Russia Lubricants Market?

The Russia Lubricants Market size is expected to reach 1.31 billion Liters in 2024 and grow at a CAGR of 1.14% to reach 1.34 billion Liters by 2026. Read More

What is the current Russia Lubricants Market size?

In 2024, the Russia Lubricants Market size is expected to reach 1.31 billion Liters. Read More

Who are the key players in Russia Lubricants Market?

DelfinGroup, Gazprom, Lukoil, Rosneft and Royal Dutch Shell Plc are the major companies operating in the Russia Lubricants Market. Read More

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

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

Which is the fastest growing segment in the Russia Lubricants Market?

In 2024, the Heavy Equipment segment accounts for the fastest growing by end user in the Russia Lubricants Market. Read More

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

In 2023, the Russia Lubricants Market size was estimated at 1.29 billion Liters. The report covers the Russia Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Russia Lubricants Market size for years: 2024, 2025 and 2026. Read More

Russia Lubricants Market Trends

Statistics for the 2023 & 2024 Russia Lubricants market trends, created by Mordor Intelligence™ Industry Reports. Russia Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of russia lubricants Industry

This section covers the major market trends shaping the Russia Lubricants Market according to our research experts:

Largest Segment By End User : Automotive

In 2020, the automotive industry dominated the Russian lubricants market, accounting for over 45% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive sector witnessed a gradual growth.
In 2020, COVID-19-related restrictions led to a decline in the maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 15.7% during the year, followed by heavy equipment (11.4%).
Heavy equipment is likely to be the fastest-growing end-user industry of the Russian lubricants market during 2021-2026, with a CAGR of 2.94%, followed by automotive (2.31%). The expected recovery in investments and completion of construction and mining projects, along with the projected rise in commercial vehicle sales, are likely to drive the market growth.