세계의 윤활유 시장 : 기유, 제품, 최종 이용 산업, 유통 채널별 예측(2025-2030년)

The Lubricants Market was valued at USD 145.58 billion in 2023, expected to reach USD 151.71 billion in 2024, and is projected to grow at a CAGR of 4.31%, to USD 195.74 billion by 2030.

The lubricants market encompasses a wide range of products designed to reduce friction, heat, and wear between mechanical parts in contact. Typically composed of base oils and additives, lubricants are vital across various industries, including automotive, industrial machinery, marine, aviation, and manufacturing. Their necessity stems from their ability to enhance operational efficiency, extend equipment life, and minimize maintenance costs. They find applications in engines, gears, hydraulic systems, compressors, and turbines, making them crucial for ensuring smooth operation and reduced downtime in end-use sectors such as transportation, energy, and heavy industries.

Market growth is predominantly driven by the expanding automotive sector, rising industrial activities in emerging economies, and technological advancements in lubricant formulations that offer improved efficiency and environmental benefits. The shift towards high-performance synthetic lubricants and bio-based alternatives also presents significant growth opportunities as companies seek sustainable solutions to meet stringent environmental regulations. Additionally, the increasing focus on energy efficiency and innovation in additive technologies is expected to create potential paths for market expansion.

However, the market faces several challenges, including volatile crude oil prices impacting base oil costs, environmental concerns regarding lubricant disposal, and the emergence of electric vehicles reducing conventional lubricant demand. To overcome these limitations, extensive research and development are required in biodegradable and energy-efficient lubricant formulations, as well as advanced analytical tools for monitoring lubricant performance.

Innovation can be best realized by focusing on the development of lubricants with multifunctional properties, enhancing the lifespan and performance of machinery while reducing environmental impact. Another area for advancement is the integration of digital technologies such as IoT and AI for real-time monitoring and predictive maintenance. With the market being dynamic and evolving, companies that proactively adopt sustainable practices and leverage technological innovations are well-positioned to gain competitive advantages and capture untapped segments in the lubrication industry, ensuring long-term business growth.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Lubricants Market

The Lubricants Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Exponential growth of the industrial and automotive sectors and the need for suitable engine oil
  • Supportive government investments and policies for oil drilling projects
• Market Restraints
  • Strict regulations associated with the lubricants
• Market Opportunities
  • Advancements in the synthesis and extraction process of lubricants
  • Increasing environmental awareness and the demand for sustainable, bio-based lubricants
• Market Challenges
  • Fluctuations in the prices of raw materials for lubricants

Porter's Five Forces: A Strategic Tool for Navigating the Lubricants Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Lubricants Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Lubricants Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Lubricants Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Lubricants Market

A detailed market share analysis in the Lubricants Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Lubricants Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Lubricants Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Lubricants Market

A strategic analysis of the Lubricants Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Lubricants Market, highlighting leading vendors and their innovative profiles. These include AMSOIL Inc., Bharat Petroleum Corporation Limited, BP PLC, Castrol Limited, Chevron Corporation, Enilive S.p.A., FUCHS SE, Gazpromneft oils, Gulf Oil International Ltd., Hindustan Petroleum Corporation, Idemitsu Kosan Co. Ltd, Indian Oil Corporation Limited., LLK-International, Lubrizol Corporation, Motul S.A., Ravensberger Schmierstoffvertrieb GmbH, Repsol S.A., Shell International B.V., Sinopec Corporation, Tide Water Oil Co. (India) Ltd., TotalEnergies SA, Valvoline Inc. by Aramco, and Freudenberg SE.

Market Segmentation & Coverage

This research report categorizes the Lubricants Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Base Oil, market is studied across Bio-Based Oil, Mineral Oil, and Synthetic Oil.
• Based on Product, market is studied across Compressor Oil, Engine Oil, Gear Oil, Grease, Hydraulic Fluid, Metalworking fluid, Refrigeration Oil, Textile Machinery Lubricants, Transformer Oil, and Turbine Oil.
• Based on End-Use Industry, market is studied across Industrial and Transportation. The Industrial is further studied across Automobile Manufacturing, Cement Production, Chemical, Construction, Food Processing, Mining & Metal, Oil & Gas, Power Generation, and Textile. The Transportation is further studied across Aviation, Commercial Vehicles, Marine, Passenger Vehicles, and Railways.
• Based on Distribution Channel, market is studied across Direct Sale and Distributors/Dealers.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Exponential growth of the industrial and automotive sectors and the need for suitable engine oil
    • 5.1.1.2. Supportive government investments and policies for oil drilling projects
  • 5.1.2. Restraints
    • 5.1.2.1. Strict regulations associated with the lubricants
  • 5.1.3. Opportunities
    • 5.1.3.1. Advancements in the synthesis and extraction process of lubricants
    • 5.1.3.2. Increasing environmental awareness and the demand for sustainable, bio-based lubricants
  • 5.1.4. Challenges
    • 5.1.4.1. Fluctuations in the prices of raw materials for lubricants
• 5.2. Market Segmentation Analysis
  • 5.2.1. Base Oil: Growing preference for bio-based oils due to their biodegradability and lower toxicity
  • 5.2.2. End-Use Industry: Increasing usage of lubricants in varied industrial settings to reduce wear and tear on heavy machinery
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Lubricants Market, by Base Oil

• 6.1. Introduction
• 6.2. Bio-Based Oil
• 6.3. Mineral Oil
• 6.4. Synthetic Oil

7. Lubricants Market, by Product

• 7.1. Introduction
• 7.2. Compressor Oil
• 7.3. Engine Oil
• 7.4. Gear Oil
• 7.5. Grease
• 7.6. Hydraulic Fluid
• 7.7. Metalworking fluid
• 7.8. Refrigeration Oil
• 7.9. Textile Machinery Lubricants
• 7.10. Transformer Oil
• 7.11. Turbine Oil

8. Lubricants Market, by End-Use Industry

• 8.1. Introduction
• 8.2. Industrial
  • 8.2.1. Automobile Manufacturing
  • 8.2.2. Cement Production
  • 8.2.3. Chemical
  • 8.2.4. Construction
  • 8.2.5. Food Processing
  • 8.2.6. Mining & Metal
  • 8.2.7. Oil & Gas
  • 8.2.8. Power Generation
  • 8.2.9. Textile
• 8.3. Transportation
  • 8.3.1. Aviation
  • 8.3.2. Commercial Vehicles
  • 8.3.3. Marine
  • 8.3.4. Passenger Vehicles
  • 8.3.5. Railways

9. Lubricants Market, by Distribution Channel

• 9.1. Introduction
• 9.2. Direct Sale
• 9.3. Distributors/Dealers

10. Americas Lubricants Market

• 10.1. Introduction
• 10.2. Argentina
• 10.3. Brazil
• 10.4. Canada
• 10.5. Mexico
• 10.6. United States

11. Asia-Pacific Lubricants Market

• 11.1. Introduction
• 11.2. Australia
• 11.3. China
• 11.4. India
• 11.5. Indonesia
• 11.6. Japan
• 11.7. Malaysia
• 11.8. Philippines
• 11.9. Singapore
• 11.10. South Korea
• 11.11. Taiwan
• 11.12. Thailand
• 11.13. Vietnam

12. Europe, Middle East & Africa Lubricants Market

• 12.1. Introduction
• 12.2. Denmark
• 12.3. Egypt
• 12.4. Finland
• 12.5. France
• 12.6. Germany
• 12.7. Israel
• 12.8. Italy
• 12.9. Netherlands
• 12.10. Nigeria
• 12.11. Norway
• 12.12. Poland
• 12.13. Qatar
• 12.14. Russia
• 12.15. Saudi Arabia
• 12.16. South Africa
• 12.17. Spain
• 12.18. Sweden
• 12.19. Switzerland
• 12.20. Turkey
• 12.21. United Arab Emirates
• 12.22. United Kingdom

13. Competitive Landscape

• 13.1. Market Share Analysis, 2023
• 13.2. FPNV Positioning Matrix, 2023
• 13.3. Competitive Scenario Analysis
  • 13.3.1. Savsol Lubricants Introduces Innovative Ester-5 Lubricants for Widespread Use
  • 13.3.2. ONGC and IOC to Invest INR 1.2 Lakh Crore in Enhancing Oil Exploration and Production by 2025
  • 13.3.3. Castrol Initiates Expansion into Premium Auto Care Market with New Product Launch
• 13.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. AMSOIL Inc.
• 2. Bharat Petroleum Corporation Limited
• 3. BP PLC
• 4. Castrol Limited
• 5. Chevron Corporation
• 6. Enilive S.p.A.
• 7. FUCHS SE
• 8. Gazpromneft oils
• 9. Gulf Oil International Ltd.
• 10. Hindustan Petroleum Corporation
• 11. Idemitsu Kosan Co. Ltd
• 12. Indian Oil Corporation Limited.
• 13. LLK-International
• 14. Lubrizol Corporation
• 15. Motul S.A.
• 16. Ravensberger Schmierstoffvertrieb GmbH
• 17. Repsol S.A.
• 18. Shell International B.V.
• 19. Sinopec Corporation
• 20. Tide Water Oil Co. (India) Ltd.
• 21. TotalEnergies SA
• 22. Valvoline Inc. by Aramco
• 23. Freudenberg SE