1. Market Research
  2. > Chemical
  3. > Specialty Chemical Market Trends

Global Lubricants Market Size, Share, Development, Growth and Demand Forecast to 2020 - Industry Insights by Product, by Application

  • November 2015
  • 102 pages
  • P&S Market Research
Report ID: 3605409


Table of Contents

The lubricants market is growing due to growing automotive industry, increased consumer awareness and government regulations regarding lubricants. Lubricants are used in vehicles to reduce friction, which leads to longer lifespan, and reduced wear and tear of the vehicles. The growth of lubricants usage in automotive industry is mainly due to increasing demand for heavy duty vehicles and light passenger vehicles, and increase in average lifespan of the vehicles. As saving the conventional resources and cutting emission and energy became central environmental matters, the lubricants are progressively attracting more consumer awareness.

As the need of enhancing fuel efficiency in vehicles is increasing, the traditional materials have been replaced by synthetic lubricants. The harmful environmental effects are getting reduced, because the consumers have started adopting bio-lubricants, which is resulting in the growth of the market. North America accounted the largest market of bio lubricants during the period 2011-2014, followed by Europe, and is expected to lead the market during the forecasted period 2015-2020.

In 2014, the mineral lubricants accounted for the largest share among all the products of the global lubricants market, and it is expected to grow with a CAGR of 2.7% during the forecast period. Based on application, the automotive segment held the largest market, (22,740.62 Kilo Tons) in 2014, and it is expected to reach 25,347.84 Kilo Tons by 2020, growing with a CAGR of 1.81% during the period 2015-2020.

Government regulations are playing an important role in driving the growth of the market. The regulatory authority of the petroleum industry is with the minister of petroleum industries, but for issuing the license, then there is a need for advice and assistance from Energy Supply Committee’s (ESC). In the global lubricants market, the standards issued by organizations such as Japanese Automobile Standards Organization and American Petroleum Institute govern the quality of lubricants. However, the arrival of hybrid-electric vehicles is restraining the growth of market.

The global lubricants market was valued at $88,230.8 million in 2014, and it is expected to grow with a CAGR of 2.6% during 2015-2020. Geographically, the Asia-Pacific market accounted for the largest share in the global lubricants market in 2014. The greatest future opportunities for lubricants market players are Brazil, China and India. Players in every industry, including energy industry, believe that BRIC (Brazil, Russia, India and China) markets are profitable market to invest, because of rapidly growing economies and increase in direct foreign investment in the countries. The increased car ownerships and rapid development of industrialization in BRIC countries are the major factors driving the growth of the market in these countries.

The key companies operating in the global lubricants market include BP PLC, Chevron Corporation, China Petroleum & Chemical Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Idemitsu Kosan Co. Ltd., LUKOIL Oil Company, PetroChina Co. Ltd., Royal Dutch Shell PLC and TOTAL S.A.

Report Coverage

Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
Uncovers potential demands in the market
Porter analysis identifies competitive forces within the market
Provides information on the historical and current market size and the future potential of the market
Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:


The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Lubricants Market for Off-road Sector - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • February 2017
  • by Transparency Market Research

Global Lubricants Market for Off-road Sector: Overview Lubricants diminish friction because they eliminate the contact resistance between two solid surfaces or objects. Examples of lubricants are engine ...

Industrial Lubricants Market by Type, End-Use Industry, Base Oil, and Region - Global Forecasts to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“Global industrial lubricants market projected to grow at a CAGR of 2.5% during the forecast period.” The global industrial lubricants market is expected to reach USD 64.4 billion by 2021, at a CAGR ...

Mining Lubricants Market by End-Use Industry (Coal Mining, Iron ORE Mining, Bauxite Mining, Rare Earth Mineral Mining, Precious Metals Mining), Type (Mineral Oil Lubricants, Synthetic Lubricants), and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“The global mining lubricants market is projected to grow at a CAGR of 4.5% from 2017 to 2022” The mining lubricants market was valued at USD 1.95 billion in 2016, and is projected to reach USD 2.56 ...


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.