Global Lubricants Market 2019-2023

Global Lubricants Market 2019-2023

About this market

Rising need for technological upgrade to drive growth in the market. Owing to the technological upgrades in the production of industrial equipment, automobiles, and other machinery, the demand for eco-friendly and high-performance lubricants is growing across the globe. Technavio’ s analysts have predicted that the lubricants market will register a CAGR of almost 3% by 2023.

Market Overview

Increasing demand from end-user industries

Although the automotive industry is the key consumer of lubricants. The global lubricants market is also driven by construction, steel and cement, wind energy, agriculture, mining and oil drilling, marine and aerospace industries.

High price of synthetic lubricants

The high price of synthetic lubricants is one of the major challenges affecting the growth of the market. The cost of manufacturing synthetic lubricants is high as complex processes are involved in the production of the finished product. The cost is a significant factor that plays a crucial role in customers choosing a reasonably priced product. As the production process of synthetic lubricants is complex, it adds to the final cost of the product.

For the detailed list of factors that will drive and challenge the growth of the lubricants market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Shell and Total the competitive environment is quite intense. Factors such as the rising need for technological upgrade and the increasing demand from end-user industries, will provide considerable growth opportunities to lubricants manufactures. BP, Chevron, Exxon Mobil, PetroChina, Shell, and Total are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global petrochemicals market
      • Table Segments of global petrochemicals market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (million t)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Automotive oils - Market size and forecast 2018-2023
      • Table Automotive oils - Market size and forecast 2018-2023 (million t)
      • Table Automotive oils - Year-over-year growth 2019-2023 (%)
    • Industrial oils - Market size and forecast 2018-2023
      • Table Industrial oils - Market size and forecast 2018-2023 (million t)
      • Table Industrial oils - Year-over-year growth 2019-2023 (%)
    • Process oils - Market size and forecast 2018-2023
      • Table Process oils - Market size and forecast 2018-2023 (million t)
      • Table Process oils - Year-over-year growth 2019-2023 (%)
    • Metalworking fluids - Market size and forecast 2018-2023
      • Table Metalworking fluids - Market size and forecast 2018-2023 (million t)
      • Table Metalworking fluids - Year-over-year growth 2019-2023 (%)
    • Greases - Market size and forecast 2018-2023
      • Table Greases - Market size and forecast 2018-2023 (million t)
      • Table Greases - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Mineral oil-based lubricants - Market size and forecast 2018- 2023
      • Table Mineral oil-based lubricants - Market size and forecast 2018-2023 (million t)
      • Table Mineral oil-based lubricants - Year-over-year growth 2019-2023 (%)
    • Synthetic lubricants - Market size and forecast 2018-2023
      • Table Synthetic lubricants - Market size and forecast 2018-2023 (million t)
      • Table Synthetic lubricants - Year-over-year growth 2019-2023 (%)
    • Bio-based lubricants - Market size and forecast 2018-2023
      • Table Bio-based lubricants - Market size and forecast 2018-2023 (million t)
      • Table Bio-based lubricants - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (million t)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 (million t)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 (million t)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global motor vehicle production 2016-2021 (million units)
    • Market challenges
      • Table Crude oil prices 2010-2017 ($ per barrel)
      • Table Impact of drivers and challenges
  • Market trends
    • Capacity expansions and product development
    • Emergence of bio-based lubricants
    • Rising need for technological upgrade
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BP
      • Table BP - Vendor overview
      • Table BP - Business segments
      • Table BP - Organizational developments
      • Table BP - Geographic focus
      • Table BP - Segment focus
      • Table BP - Key offerings
    • Chevron
      • Table Chevron - Vendor overview
      • Table Chevron - Product segments
      • Table Chevron - Organizational developments
      • Table Chevron - Geographic focus
      • Table Chevron - Segment focus
      • Table Chevron - Key offerings
    • Exxon Mobil
      • Table Exxon Mobil - Vendor overview
      • Table Exxon Mobil - Business segments
      • Table Exxon Mobil - Organizational developments
      • Table Exxon Mobil - Segment focus
      • Table Exxon Mobil - Key offerings
    • PetroChina
      • Table PetroChina - Vendor overview
      • Table PetroChina - Business segments
      • Table PetroChina - Geographic focus
      • Table PetroChina - Segment focus
      • Table PetroChina - Key offerings
    • Shell
      • Table Shell - Vendor overview
      • Table Shell - Business segments
      • Table Shell - Organizational developments
      • Table Shell - Geographic focus
      • Table Shell - Segment focus
      • Table Shell - Key offerings
    • Total
      • Table Total - Vendor overview
      • Table Total - Business segments
      • Table Total - Organizational developments
      • Table Total - Geographic focus
      • Table Total - Segment focus
      • Table Total - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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