How big is the South Korea Lubricants Market?

The South Korea Lubricants Market size is expected to reach 831.87 million Liters in 2024 and grow at a CAGR of 3.08% to reach 883.83 million Liters by 2026. Read More

What is the current South Korea Lubricants Market size?

In 2024, the South Korea Lubricants Market size is expected to reach 831.87 million Liters. Read More

Who are the key players in South Korea Lubricants Market?

ExxonMobil Corporation, GS Caltex, Hyundai Oilbank, S-OIL Corporation and SK Lubricants Co. Ltd are the major companies operating in the South Korea Lubricants Market. Read More

Which segment has the biggest share in the South Korea Lubricants Market?

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

Which is the fastest growing segment in the South Korea Lubricants Market?

In 2024, the Power Generation segment accounts for the fastest growing by end user in the South Korea Lubricants Market. Read More

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

In 2023, the South Korea Lubricants Market size was estimated at 809.87 million Liters. The report covers the South Korea Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Korea Lubricants Market size for years: 2024, 2025 and 2026. Read More

South Korea Lubricants Market Size

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

Market Size of south korea lubricants Industry

	Study Period	2015 - 2026
	Market Volume (2024)	831.87 Million Liters
	Market Volume (2026)	883.83 Million Liters
	Largest Share by End User	Automotive
	CAGR (2024 - 2026)	3.08 %
	Fastest Growing by End User	Power Generation
Major Players

*Disclaimer: Major Players sorted in no particular order

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South Korea Lubricants Market Analysis

The South Korea Lubricants Market size is estimated at 831.87 Million Liters in 2024, and is expected to reach 883.83 Million Liters by 2026, growing at a CAGR of 3.08% during the forecast period (2024-2026).

Largest Segment by End-user Industry - Automotive : Automotive was the largest end-use segment in South Korea owing to the higher amount of engine oil & gear oil used in vehicles compared to industrial applications.
Fastest Segment by End-user Industry - Power Generation : Power generation is the fastest-growing end user of lubricants in South Korea, owing to the rising usage of natural gas reactors and wind turbines for energy generation.
Largest Segment by Product Type - Engine Oils : Engine oil is the most consumed product type in South Korea owing to the high volume of engine oil and high replacement frequency required to lubricate conventional engines.
Fastest Segment by Product Type - Transmission & Gear Oils : As the usage of automated cars and electric vehicles grows in South Korea, transmission and gear oils are predicted to rise at a quicker rate than any other product type.