기유 시장 규모, 점유율 및 동향 분석 보고서 : 제품별, 용도별, 지역별, 부문별 예측(2026-2033년)

Base Oil Market Summary

The global base oil market size was estimated at USD 22.11 billion in 2025 and is projected to reach USD 37.49 billion by 2033, growing at a CAGR of 7.0% from 2026 to 2033. The industry is being propelled by the sustained growth of the automotive and industrial sectors.

Rising vehicle production, coupled with increased mechanization across manufacturing, construction, and heavy industries, is driving higher lubricant consumption, thereby fueling demand for base oils worldwide. Technological innovation in lubricant formulations is serving as a key market driver. The development of high-performance, synthetic base oils, designed to improve engine efficiency, reduce emissions, and extend equipment life, is encouraging adoption by OEMs and lubricant manufacturers, thereby reinforcing global base oil demand.

The global base oil industry offers growth potential as the adoption of synthetic and high-performance lubricants increases, driven by fuel efficiency and emission standards. Emerging economies, particularly in the Asia-Pacific and Latin America, provide untapped markets supported by industrialization and infrastructure development, creating avenues for market expansion and strategic investments.

Global Base Oil Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global base oil market report on the basis of product, application, and region:

• Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2033)
• Group I
• Group II
• Group III
• Group IV
• Group V
• Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2033)
• Automotive Oils
• Process Oils
• Hydraulic Oils
• Metalworking Fluids
• Industrial Oils
• Others
• Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2033)
• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Thailand
  • Malaysia
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

Table of Contents

Chapter 1 Methodology and Scope

• 1.1 Market Segmentation & Scope
• 1.2 Market Definition
• 1.3 Information Procurement
  • 1.3.1 Purchased Database
  • 1.3.2 GVR's Internal Database
• 1.4 Information analysis
• 1.5 Market formulation & data visualization
• 1.6 Data validation & publishing
  • 1.6.1 Research scope and assumptions
  • 1.6.2 List to Data Sources

Chapter 2 Executive Summary

• 2.1 Market Snapshot
• 2.2 Segmental Outlook
• 2.3 Competitive Insights

Chapter 3 Market Variables, Trends & Scope

• 3.1 Market Lineage Outlook
• 3.2 Base Oil Production Capacity Trends
• 3.3 Industry Value Chain Analysis
  • 3.3.1 Raw material Trends
  • 3.3.1 Manufacturing Trends
  • 3.3.2 Sales channel analysis
• 3.4 Price Trend Analysis, 2018 - 2033 (USD/KG)
  • 3.4.1 Factors Affecting Price
• 3.5 Regulatory Framework
• 3.6 Trade Analysis
  • 3.6.1 List of Top Importing Countries
  • 3.6.2 List of Top Exporting Countries
• 3.7 Market Dynamics
• 3.8 Market Driver Analysis
  • 3.8.1 Rapidly growing automotive Industry
  • 3.8.2 Increasing demand for high performance Base Oils
    • 3.8.2.1 Growing demand for base oils from marine industry
  • 3.8.3 Market Restraint Analysis
    • 3.8.3.1 volatility in crude oil prices
• 3.9 Industry Opportunity Trends
• 3.10 Business Environment Analysis
  • 3.10.1 Porter's Analysis
  • 3.10.2 PESTEL Analysis

Chapter 4 Base Oil Market: Product Estimates & Trend Analysis

• 4.1 Product Movement Analysis & Market Share, 2025 & 2033 (Kilotons) (USD Billion)
• 4.2 Base Oil Market Size, Forecasts, and Trend Analysis, By Product, 2018 - 2033 (Kilotons) (USD Billion)
  • 4.2.1 Group I
    • 4.2.1.1 Group I base oil market size & forecasts and trend analysis, 2018 - 2033 (Kilotons) (USD billion)
  • 4.2.2 Group II
    • 4.2.2.1 Group II base oil market size & forecasts and trend analysis, 2018 - 2033 (Kilotons) (USD billion)
  • 4.2.3 Group III
    • 4.2.3.1 Group III base oil market size & forecasts and trend analysis, 2018 - 2033 (Kilotons) (USD billion)
  • 4.2.4 Group IV
    • 4.2.4.1 Group IV base oil market size & forecasts and trend analysis, 2018 - 2033 (Kilotons) (USD billion)
  • 4.2.5 Group V
    • 4.2.5.1 Group V base oil market size & forecasts and trend analysis, 2018 - 2033 (Kilotons) (USD billion)

Chapter 5 Base Oil Market: Application Estimates & Trend Analysis

• 5.1 Application Movement Analysis & Market Share, 2025 & 2033 (Kilotons) (USD Billion)
• 5.2 Base Oil Market Size, Forecasts, and Trend Analysis, By Application, 2018 - 2033 (Kilotons) (USD Billion)
  • 5.2.1 Automobile Oils
    • 5.2.1.1 Base Oil market size & forecasts and trend analysis, in Automotive Oil, 2018 - 2033 (Kilotons) (USD billion)
  • 5.2.2 Process Oils
    • 5.2.2.1 Base Oil market size & forecasts and trend analysis, in Process Oil, 2018 - 2033 (Kilotons) (USD billion)
  • 5.2.3 Hydraulic Oils
    • 5.2.3.1 Base Oil market size & forecasts and trend analysis, in Hydraulic Oil, 2018 - 2033 (Kilotons) (USD billion)
  • 5.2.4 Metalworking Fluids
    • 5.2.4.1 Base Oil market size & forecasts and trend analysis, in Metalworking fluids, 2018 - 2033 (Kilotons) (USD billion)
  • 5.2.5 Industrial Oils
    • 5.2.5.1 Base Oil market size & forecasts and trend analysis, in Industrial Oil, 2018 - 2033 (Kilotons) (USD billion)
  • 5.2.6 Others
    • 5.2.6.1 Base Oil market size & forecasts and trend analysis, in Others, 2018 - 2033 (Kilotons) (USD billion)

Chapter 6 Base Oil Market: Regional Estimates & Trend Analysis

• 6.1 Regional Movement Analysis & Market Share, 2025 & 2033 (Kilotons) (USD Billion)
• 6.2 Base Oil Market Size, Forecasts, and Trend Analysis, By Region, 2018 - 2033 (Kilotons) (USD Billion)
  • 6.2.1 North America
    • 6.2.1.1 North Ameica Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.1.2 North Ameica Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.1.3 U.S.
      • 6.2.1.3.1 US Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.1.3.2 US Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.1.4 Canada
      • 6.2.1.4.1 Canada Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.1.4.2 Canada Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.1.5 Mexico
      • 6.2.1.5.1 Mexico Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.1.5.2 Mexico Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
  • 6.2.2 Europe
    • 6.2.2.1 Europe Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.2.2 Europe Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.2.3 Germany
      • 6.2.2.3.1 Germany Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.2.3.2 Germany Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.2.4 France
      • 6.2.2.4.1 France Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.2.4.2 France Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.2.5 UK
      • 6.2.2.5.1 UK Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.2.5.2 UK Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.2.6 Italy
      • 6.2.2.6.1 Italy Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.2.6.2 Italy Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.2.7 Spain
      • 6.2.2.7.1 Spain Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.2.7.2 Spain Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
  • 6.2.3 Asia Pacific
    • 6.2.3.1 Asia Pacific Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.3.2 Asia Pacific Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.3.3 China
      • 6.2.3.3.1 China Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.3.3.2 China Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.3.4 India
      • 6.2.3.4.1 India Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.3.4.2 India Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.3.5 Japan
      • 6.2.3.5.1 Japan Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.3.5.2 Japan Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.3.6 Thailand
      • 6.2.3.6.1 Thailand Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.3.6.2 Thailand Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.3.7 Malaysia
      • 6.2.3.7.1 Malaysia Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.3.7.2 Malaysia Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
  • 6.2.4 Latin America
    • 6.2.4.1 Latin Ameica Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.4.2 Latin Ameica Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.4.3 Brazil
      • 6.2.4.3.1 Brazil Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.4.3.2 Brazil Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.4.4 Argentina
      • 6.2.4.4.1 Argentina Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.4.4.2 Argentina Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
  • 6.2.5 Middle East & Africa
    • 6.2.5.1 Middle East & Africa Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.5.2 Middle East & Africa Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.5.3 Saudi Arabia
      • 6.2.5.3.1 Saudi Arabia Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.5.3.2 Saudi Arabia Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)
    • 6.2.5.4 South Africa
      • 6.2.5.4.1 South Africa Base Oil market volume & revenue, by product, 2018 - 2033 (Kilotons) (USD Billion)
      • 6.2.5.4.2 South Africa Base Oil market volume & revenue, by application, 2018 - 2033 (Kilotons) (USD Billion)

Chapter 7 Base Oil Market - Competitive Analysis

• 7.1 Recent Developments & Impact Analysis, By Key Market Participants
• 7.2 Company Categorization
• 7.3 Company Market Share Analysis, 2025
• 7.4 Company Heat Map Analysis
• 7.5 Strategy Mapping

Chapter 8 Company Listing

• 8.1 CNOOC Limited
  • 8.1.1 Company Overview
  • 8.1.2 Financial Performance
  • 8.1.3 Product Benchmarking
  • 8.1.4 Strategic Initiatives
• 8.2 PetroCanada Lubricants Inc.
  • 8.2.1 Company Overview
  • 8.2.2 Financial Performance
  • 8.2.3 Product Benchmarking
  • 8.2.4 Strategic Initiatives
• 8.3 Petroleum & Chemical Corp. (SINOPEC)
  • 8.3.1 Company Overview
  • 8.3.2 Financial Performance
  • 8.3.3 Product Benchmarking
  • 8.3.4 Strategic Initiatives
• 8.4 PETRONAS Lubricants International
  • 8.4.1 Company Overview
  • 8.4.2 Financial Performance
  • 8.4.3 Product Benchmarking
• 8.5 PT Pertamina (Persero)
  • 8.5.1 Company Overview
  • 8.5.2 Financial Performance
  • 8.5.3 Product Benchmarking
  • 8.5.4 Strategic Initiatives
• 8.6 PetroChina Co., Ltd.
  • 8.6.1 Company Overview
  • 8.6.2 Financial Performance
  • 8.6.3 Product Benchmarking
  • 8.6.4 Strategic Initiatives
• 8.7 Exxon Mobil Corporation
  • 8.7.1 Company Overview
  • 8.7.2 Financial Performance
  • 8.7.3 Product Benchmarking
  • 8.7.4 Strategic Initiatives
• 8.8 Abu Dhabi National Oil Company
  • 8.8.1 Company Overview
  • 8.8.2 Financial Performance
  • 8.8.3 Product Benchmarking
  • 8.8.4 Strategic Initiatives
• 8.9 Chevron Corporation
  • 8.9.1 Company Overview
  • 8.9.2 Financial Performance
  • 8.9.3 Product Benchmarking
  • 8.9.4 Strategic Initiatives
• 8.10 Shell plc
  • 8.10.1 Company Overview
  • 8.10.2 Financial Performance
  • 8.10.3 Product Benchmarking
  • 8.10.4 Strategic Initiatives
• 8.11 Indian Oil Corporation Ltd.
  • 8.11.1 Company Overview
  • 8.11.2 Financial Performance
  • 8.11.3 Product Benchmarking
  • 8.11.4 Strategic Initiatives
• 8.12 BP p.l.c.
  • 8.12.1 Company Overview
  • 8.12.2 Financial Performance
  • 8.12.3 Product Benchmarking
• 8.13 Saudi Arabian Oil Co.
  • 8.13.1 Company Overview
  • 8.13.2 Financial Performance
  • 8.13.3 Product Benchmarking
  • 8.13.4 Strategic Initiatives
• 8.14 Sepahan Oil
  • 8.14.1 Company Overview
  • 8.14.2 Financial Performance
  • 8.14.3 Product Benchmarking
• 8.15 Bahrain Lube Base Oil Company
  • 8.15.1 Company Overview
  • 8.15.2 Financial Performance
  • 8.15.3 Product Benchmarking
• 8.16 LUKOIL
  • 8.16.1 Company Overview
• 816.2 Financial Performance
  • 8.16.3 Product Benchmarking
  • 8.16.4 Strategic Initiatives
• 8.17 SK Lubricants Co. Ltd.
  • 8.17.1 Company Overview
  • 8.17.2 Financial Performance
  • 8.17.3 Product Benchmarking
• 8.18 H&R OWS Chemie GmbH & Co. KG
  • 8.18.1 Company Overview
  • 8.18.2 Financial Performance
  • 8.18.3 Product Benchmarking
• 8.19 Bharat Petroleum Corporation Limited
  • 8.19.1 Company Overview
  • 8.19.2 Financial Performance
  • 8.19.3 Product Benchmarking
• 8.20 GS Caltex Corporation
  • 8.20.1 Company Overview
  • 8.20.2 Financial Performance
  • 8.20.3 Product Benchmarking
• 8.21 Neste
  • 8.21.1 Company Overview
  • 8.21.2 Financial Performance
  • 8.21.3 Product Benchmarking
• 8.22 Repsol
  • 8.22.1 Company Overview
  • 8.22.2 Financial Performance
  • 8.22.3 Product Benchmarking