세계의 윤활유 시장 : 유형별, 용도별, 예측(-2034년)

The global lubricants market plays a crucial role in reducing friction between moving components across a wide range of industries. Lubricants are categorized primarily by their raw materials into bio-based, mineral-based, synthetic, and semi-synthetic types. Each type serves different needs, with bio-based lubricants gaining traction due to their biodegradability and environmentally friendly profile, while mineral-based lubricants continue to dominate because of their cost-effectiveness and broad availability.

Mineral oil lubricants continue to represent a substantial share of the market and are projected to maintain steady growth through 2025, primarily due to their cost-effectiveness and greater availability compared to bio-based and synthetic alternatives. However, the increasing global focus on sustainability and stricter environmental regulations are driving a gradual shift towards bio-based lubricants, which offer the advantage of being renewable and less harmful to ecosystems. Synthetic lubricants, known for their superior performance under extreme temperatures and pressures, are also expanding their market share, especially in high-performance and specialized applications.

Application Insights

The automotive industry represents the largest consumer segment for lubricants, particularly synthetic oils used in engine crankshafts, gear systems, and transmission fluids. This demand is fueled by the global push for enhanced fuel economy, reduced emissions, and longer-lasting engine components. Other critical application sectors include aerospace, marine, power generation, heavy machinery, metallurgy, and chemical manufacturing. In these industries, lubricants ensure equipment reliability, minimize wear and tear, and contribute to operational efficiency.

Market Dynamics

Industrialization and increasing vehicle production worldwide continue to boost lubricant consumption. Additionally, tightening emission standards and environmental policies encourage the adoption of advanced, eco-friendly lubricant formulations that improve engine efficiency and reduce harmful emissions. Eco-friendly lubricant formulations are gaining traction for their ability to enhance engine efficiency and reduce harmful emissions. However, the industry continues to face challenges, including volatile raw material prices, reliance on petroleum-based feedstocks, and the ongoing need to balance high performance with environmental sustainability. Manufacturers are investing heavily in research and development to create formulations that meet regulatory requirements without compromising performance.

Technological Innovations and Sustainability

Innovation is a key theme shaping the lubricants market. Recent advancements include the development of high-performance synthetic lubricants that offer longer service life and improved fuel efficiency, as well as biodegradable bio-lubricants derived from renewable resources like vegetable oils. The growing trend toward electric vehicles (EVs) is also influencing the market, with new lubricant formulations being developed for EV components that require different lubrication properties compared to traditional internal combustion engines.

Regional Insights

Geographically, Asia-Pacific holds the largest share of the lubricants market, driven by rapid industrial growth, expanding automotive production, and increasing infrastructure development. North America and Europe are mature markets with strong demand for high-performance and specialty lubricants, alongside growing interest in sustainable alternatives. Emerging markets in Latin America, the Middle East, and Africa offer new opportunities due to increasing industrial activities and vehicle ownership rates.

Leading Manufacturers

The lubricants market is dominated by several global players including BASF, Royal Dutch Shell PLC, ExxonMobil Corporation, Sinopec, SK Lubricants, Indian Oil Corporation (IOCL), PetroChina, Lukoil, Chevron, and Castrol. These companies are focusing on expanding production capacities, enhancing product portfolios with environmentally friendly options, and adopting digital technologies for improved supply chain management and customer engagement. Strategic partnerships and acquisitions are also common as manufacturers aim to strengthen their presence in key regional markets.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Raw Material Types
  • Application
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Automotive
• Aerospace
• Marine
• Chemical Manufacturing
• Industrial
• Others

5. Introduction to Lubricants and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Lubricants Demand Analysis, By Raw Material Type, By Application (Volume, Value) (2018 - 2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Lubricants Market, By Raw Material Type
• Bio Based
• Mineral
• Synthetic
• Semi Synthetic
  • Global Lubricants Market, By Application
• Automotive
• Aerospace
• Marine
• Power Generation
• Heavy Equipments
• Metallurgy
• Chemical Manufacturing
• Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
• Demand
• Demand Growth Rate (%)
• Lubricants Market, By Raw Material Type
• Lubricants Market, By Application

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by raw material type and application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all the raw material type and applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

• Lubricants Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• BASF
• Royal Dutch Shell PLC
• ExxonMobil Corporation
• Sinopec
• SK Lubricants
• IOCL
• PetroChina
• LukOil
• Chevron
• Castrol
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

• Demand - Regions
• Demand - Countries