潤滑油市場 – 2030年までの世界予測

Lubricants Market - Global Forecast to 2030

潤滑油市場 - ベースオイルの種類(鉱物油潤滑剤、合成潤滑剤、バイオベース潤滑剤)、製品の種類(エンジンオイル、タービンオイル、金属加工油、油圧油)、最終用途産業(輸送および工業) - 2030年までの世界予測
Lubricants Market by Base Oil Type (Mineral Oil Lubricant, Synthetic Lubricants, Bio-based Lubricants), Product Type (Engine Oil, Turbine Oil, Metalworking Fluid, Hydraulic Oil), End-use Industry (Transportation and Industrial) - Global Forecast to 2030

商品番号 : SMB-24791

出版社MarketsandMarkets
出版年月2025年4月
ページ数390
図表数592
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

In terms of value, the lubricants market is estimated to grow from USD 178.14 billion in 2025 to USD 204.10 billion by 2030, at a CAGR of 2.8%.

金額ベースで見ると、潤滑油市場は2025年の1,781.4億米ドルから2030年には2,041億米ドルに、年平均成長率2.8%で成長すると予測されています。

The mounting demand for high-performance engines, growing use in marine applications, and rise in refinery capabilities drive the lubricants market. As individuals become more conscious of the potential health hazards linked to mineral oil-based lubricants, there is an escalating desire for synthetic and bio-based lubricant alternatives. Geopolitical factors, economic slowdown, difficulties in lubricant application and usage efficiency, and stringent environmental regulations restrain the market.

高性能エンジンへの需要の高まり、船舶用途での使用増加、そして精製能力の向上が潤滑油市場を牽引しています。鉱油系潤滑油の潜在的な健康被害に対する意識が高まるにつれ、合成油やバイオベースの潤滑油への代替品への需要が高まっています。地政学的要因、経済減速、潤滑油の適用と使用効率の難しさ、そして厳格な環境規制が市場を抑制しています。

潤滑油市場 - 2030年までの世界予測
lubricants-market-Overview

“Engine oil  was the largest product type segment of lubricants market, in terms of value, in 2024.”

Engine oil is the most widely consumed category of products in the lubricants market. This is mainly because engines are utilized not just in transportation but also in the industrial end-use sector. Along with other functions, it is crucial to maintain engine efficiency by controlling friction, dispersing heat, and protecting against wear and corrosion. However, the increase in the development of engine oils by technology aimed to improve formulations in terms of efficiency and demand. There is an ever-increasing demand for such new-generation lubricants, for instance, engine oil, to meet the growing production of automobiles and stringent emission norms for better fuel economy and durability of vehicles. Thus, the factors that can be credited for the rapid growth of engine oil are a necessity in vehicle upkeep, advancement in technology, and contribution to fuel efficiency and the durability of engines.

“Transportation was the largest end-use industry of the lubricants market, in terms of value, in 2024.”

Due to its excessive dependence on various lubricants for smooth operation and maintenance of vehicles, the transportation sector is treated as the largest end-use industry for the lubricants market. From cars and trucks to airplanes and ships, all vehicles require lubricants for the reduction of friction, prevention of wear and tear, and desired performance levels; this demand for lubricants is continuously on the rise due to the increasing need for efficient and reliable transportation services, further propelling the growth of the lubricants market in this sector. Also, the newly installed technologies in the transportation industry seek specially designed lubrication solutions, making the transportation end-use industry a significant end user.

潤滑油市場 - 2030年までの世界予測 region
lubricants-market-Region

“The Middle East & Africa is projected to be the second fastest-growing region, in terms of value, during the forecast period in the lubricants market.”

The Middle East & Africa is anticipated to register an enormous growth of the lubricants market driven by various factors. Apart from strong economic growth and rapid industrialization, increased lubricant demand would flow from a possible increase in consumption in various sectors such as automotive, manufacturing, and construction. Exposure to infrastructure investment, alone or in synergy with the oil & gas industry, appears to have bullish promises for growth. The Middle East, as a major oil-producing nation, offers a steady supply of base oils, the most crucial ingredient in lubricant production, thus further guaranteeing stability in this market. The development of the automotive aftermarket based on growing vehicle ownership rates across Africa also feeds into the enormous growth potential of the region. In a nutshell, the stable economic conditions and infrastructure investments that would characteristically spell bright cases for lubricants in the Middle East & Africa made this region become an increasingly strong lubricant market.

  • By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
  • By Designation: C-Level – 30%, Director Level – 50%, and Others – 20%
  • By Region: North America – 40%, Europe – 35%, Asia Pacific – 20%, RoW– 5%

The key players profiled in the report include Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), PetroChina Company Limited (China), TotalEnergies SE (France), ENEOS Holdings, Inc. (Japan), China Petroleum & Chemical Corporation (China), Idemitsu Kosan Co., Ltd. (Japan), and others.

潤滑油市場 - 2030年までの世界予測 ecosystem
lubricants-market-Ecosystem

Research Coverage

This report segments the market for lubricants based on base oil type, product type, end-use industry, and region and provides estimations of volume (Kiloton) and value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for lubricants.

Reasons to Buy this Report

This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the lubricants market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on lubricants offered by top players in the global market
  • Analysis of key drives: (growing demand for high perforamnance engines, rise of refinery capacifies, mounting demand from marine applications, and limits of electric vehicles), restraints (Swing towards synthetic lubricants, increasing demand for electric vehicles), opportunities (Mounting demand for bio-based lubricants, growing demand from construction, mining, and agriculture industries, and increasing demand for renewable energy), and challenges (Escalating raw material prices, and strict environmental norms) influencing the growth of lubricants market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the lubricants market
  • Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for lubricants across regions.
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global lubricants market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the lubricants market

Table of Contents

1               INTRODUCTION              32

1.1           STUDY OBJECTIVES       32

1.2           MARKET DEFINITION   32

1.3           MARKET SCOPE                33

1.3.1        LUBRICANTS MARKET SEGMENTATION AND REGIONAL SPREAD         33

1.3.2        LUBRICANTS MARKET: INCLUSIONS & EXCLUSIONS                 34

1.3.3        LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY BASE OIL           34

1.3.4        LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS,

BY PRODUCT TYPE         34

1.3.5        LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS,

BY END-USE INDUSTRY 35

1.3.6        YEARS CONSIDERED      36

1.3.7        CURRENCY CONSIDERED            36

1.3.8        UNITS CONSIDERED      36

1.4           STAKEHOLDERS               36

1.5           SUMMARY OF CHANGES               37

2               RESEARCH METHODOLOGY       38

2.1           RESEARCH DATA              38

2.1.1        SECONDARY DATA          39

2.1.1.1    List of key secondary sources              39

2.1.2        PRIMARY DATA 39

2.1.2.1    Interviews with experts – demand and supply sides        39

2.1.2.2    Key industry insights           40

2.1.2.3    Breakdown of interviews with experts               41

2.2           MARKET SIZE ESTIMATION         41

2.2.1        BOTTOM-UP APPROACH              42

2.3           DATA TRIANGULATION                43

2.4           GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS                 44

2.4.1        SUPPLY SIDE     45

2.4.2        DEMAND SIDE  45

2.5           RESEARCH LIMITATIONS             46

2.6           RISK ASSESSMENT           46

3               EXECUTIVE SUMMARY  47

4               PREMIUM INSIGHTS       51

4.1           ATTRACTIVE OPPORTUNITIES IN LUBRICANTS MARKET               51

4.2           ASIA PACIFIC LUBRICANTS MARKET, BY BASE OIL AND COUNTRY            52

4.3           LUBRICANTS MARKET, BY REGION          52

4.4           LUBRICANTS MARKET, BY END-USE INDUSTRY AND REGION, 2024     53

4.5           LUBRICANTS MARKET ATTRACTIVENESS             53

5               MARKET OVERVIEW       54

5.1           INTRODUCTION              54

5.2           MARKET DYNAMICS       54

5.2.1        DRIVERS               55

5.2.1.1    Growing demand for high-performance engines and rising awareness of oil changes     55

5.2.1.2    Increase in supply of Group II and Group III base oil    55

5.2.1.3    Emission and fuel efficiency norms in emerging markets                 55

5.2.1.4    Increasing use in mining, construction, agriculture, and marine industries               56

5.2.2        RESTRAINTS      57

5.2.2.1    Geopolitical uncertainty impacting supply chains           57

5.2.2.2    Rising demand for electric vehicles and reducing price of batteries 58

5.2.3        OPPORTUNITIES              59

5.2.3.1    Leveraging e-commerce industry to increase customer reach                 59

5.2.3.2    Increasing demand for renewable energy         59

5.2.3.3    Growth in demand for bio-based lubricants    59

5.2.4        CHALLENGES    60

5.2.4.1    Stringent environmental norms and continuous reforms by governments          60

5.2.4.2    Volatile raw material prices 60

5.3           PORTER’S FIVE FORCES ANALYSIS            61

5.3.1        THREAT OF SUBSTITUTES          61

5.3.2        THREAT OF NEW ENTRANTS      62

5.3.3        BARGAINING POWER OF SUPPLIERS       62

5.3.4        BARGAINING POWER OF BUYERS             62

5.3.5        INTENSITY OF COMPETITIVE RIVALRY 62

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA     63

5.4.1        KEY STAKEHOLDERS IN BUYING PROCESS           63

5.4.2        BUYING CRITERIA           64

5.5           MACROECONOMIC INDICATORS              65

5.5.1        GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES                 65

6               INDUSTRY TRENDS         66

6.1           SUPPLY CHAIN ANALYSIS             66

6.1.1        RAW MATERIAL SUPPLIERS         67

6.1.2        MANUFACTURERS           67

6.1.3        DISTRIBUTION NETWORK           67

6.1.4        END-USE INDUSTRIES   67

6.2           PRICING ANALYSIS          67

6.2.1        AVERAGE SELLING PRICE OF LUBRICANTS OFFERED BY KEY PLAYERS,

BY BASE OIL, 2024             68

6.2.2        AVERAGE SELLING PRICE TREND OF LUBRICANTS, BY REGION, 2022–2030           68

6.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES       69

6.4           ECOSYSTEM ANALYSIS  70

6.5           CASE STUDY ANALYSIS 72

6.5.1        COMPRESSOR LUBRICANT          72

6.5.2        SYNTHETIC LUBRICANT               73

6.5.3        HYDRAULIC FLUIDS       73

6.5.4        COMPRESSOR OIL           73

6.6           TECHNOLOGY ANALYSIS             73

6.6.1        KEY TECHNOLOGIES     73

6.6.1.1    Re-refining technology        73

6.6.1.2    SO2 scrubbing system technology     74

6.6.2        COMPLEMENTARY TECHNOLOGIES       74

6.6.2.1    Nanotechnology in lubricants             74

6.7           TRADE ANALYSIS             74

6.7.1        IMPORT SCENARIO (HS CODE-2710)        75

6.7.2        EXPORT SCENARIO (HS CODE-2710)        76

6.8           REGULATORY LANDSCAPE         77

6.8.1        GLOBAL: REGULATORY BODIES, GOVERNMENT AGENCIES, AND

OTHER ORGANIZATIONS             80

6.8.2        REGULATORY FRAMEWORK       81

6.8.2.1    International Maritime Organization (IMO)  81

6.8.2.2    USEPA (United States Environmental Protection Agency)                 81

6.8.2.3    Petroleum and Explosives Safety Organization (PESO)                 81

6.9           KEY CONFERENCES & EVENTS IN 2025–2026          81

6.10         INVESTMENT AND FUNDING SCENARIO               82

6.11         PATENT ANALYSIS          83

6.11.1      APPROACH         83

6.11.2      DOCUMENT TYPE           83

6.11.3      TOP APPLICANTS            86

6.11.4      JURISDICTION ANALYSIS              89

6.12         IMPACT OF AI/GEN AI ON LUBRICANTS MARKET                 89

6.13         IMPACT OF 2025 US TARIFF – LUBRICANTS MARKET                 90

6.13.1      INTRODUCTION              90

6.13.2      KEY TARIFF RATES          91

6.13.3      PRICE IMPACT ANALYSIS             92

6.13.4      IMPACT ON COUNTRY/REGION                92

6.13.4.1  US           92

6.13.4.2  Europe   93

6.13.4.3  Asia Pacific            94

7               LUBRICANTS MARKET, BY BASE OIL       95

7.1           INTRODUCTION              96

7.2           MINERAL OIL LUBRICANTS         98

7.2.1        GROWING EMPHASIS ON PREMIUM GRADE TO DRIVE MARKET               98

7.3           SYNTHETIC LUBRICANTS             100

7.3.1        GROWTH IN GLOBAL ACCEPTANCE RATE TO DRIVE MARKET               100

7.3.2        PAO       103

7.3.3        PAG        103

7.3.4        ESTERS 103

7.3.5        GROUP III (HYDROCRACKING)  103

7.4           BIO-BASED LUBRICANTS              103

7.4.1        HARMFUL EFFECTS OF CONVENTIONAL LUBRICANTS ON ENVIRONMENT

TO DRIVE MARKET         103

8               LUBRICANTS MARKET, BY PRODUCT TYPE         106

8.1           INTRODUCTION              107

8.2           ENGINE OIL        109

8.2.1        INCREASING DEMAND FOR PREMIUM PRODUCTS WITH LOW SULFUR CONTENT TO DRIVE MARKET       109

8.3           HYDRAULIC OIL               111

8.3.1        GROWING CONSTRUCTION SECTOR TO DRIVE DEMAND             111

8.3.2        HL HYDRAULIC FLUID  112

8.3.3        HLP HYDRAULIC FLUID                113

8.3.4        HLP-D HYDRAULIC FLUID           113

8.3.5        FIRE-RESISTANT HYDRAULIC FLUID      113

8.4           COMPRESSOR OIL           113

8.4.1        INCREASING DEMAND FOR REFRIGERATION AND AIR-CONDITIONING SYSTEMS TO DRIVE MARKET   113

8.5           METALWORKING FLUID               115

8.5.1        GROWING STEEL INDUSTRY TO SUPPORT MARKET GROWTH             115

8.5.2        REMOVING METALWORKING FLUID      116

8.5.3        PROTECTING METALWORKING FLUID 116

8.5.4        FORMING METALWORKING FLUID         116

8.5.5        TREATING METALWORKING FLUID        117

8.6           GEAR OIL             117

8.6.1        TECHNOLOGICAL ADVANCEMENTS IN MECHATRONICS TO DRIVE MARKET      117

8.6.2        RUST & CORROSION INHIBITED GEAR OIL           118

8.6.3        COMPOUNDED GEAR OIL            118

8.6.4        EXTREME PRESSURE GEAR OIL 118

8.7           TURBINE OIL     119

8.7.1        GROWING POWER GENERATION SECTOR TO FUEL DEMAND             119

8.8           GREASE                120

8.8.1        GROWING MINING, CONSTRUCTION, AND TRANSPORT INDUSTRIES

TO DRIVE MARKET         120

8.8.2        METALLIC SOAP THICKENER     122

8.8.2.1    Lithium  122

8.8.2.2    Calcium 122

8.8.2.3    Aluminum              122

8.8.2.4    Sodium   122

8.8.2.5    Other metallic soaps            123

8.8.3        NON-SOAP THICKENER                 123

8.8.4        INORGANIC THICKENER               123

8.8.4.1    Clay         123

8.8.4.2    Silica       123

8.8.5        OTHER THICKENERS     123

8.9           OTHER PRODUCT TYPES             123

8.9.1        TRANSFORMER OIL        124

8.9.2        REFRIGERATION OIL      124

8.9.3        TEXTILE MACHINERY LUBRICANTS        124

9               LUBRICANTS MARKET, BY END-USE INDUSTRY 126

9.1           INTRODUCTION              127

9.2           TRANSPORTATION         130

9.2.1        COMMERCIAL VEHICLE                131

9.2.1.1    Increasing demand for compressor oils to drive market 131

9.2.2        PASSENGER VEHICLE     133

9.2.2.1    Economic development and rising spending power to drive market    133

9.2.2.2    4-Wheeler              136

9.2.2.3    2-Wheeler              137

9.2.3        AVIATION           139

9.2.3.1    Increasing living standards and decreasing airfare to drive market                 139

9.2.4        MARINE                141

9.2.4.1    Growth in overseas business to drive market   141

9.2.5        RAILWAYS           142

9.2.5.1    Europe to be fastest-growing market in railways end-use segment                 142

9.3           INDUSTRIAL      144

9.3.1        CONSTRUCTION              145

9.3.1.1    Increased government investments in infrastructure projects to drive market          145

9.3.2        METAL & MINING            146

9.3.2.1    Increasing consumption in steel production plants to drive market    146

9.3.3        CEMENT PRODUCTION                148

9.3.3.1    Growing construction activities to drive market              148

9.3.4        POWER GENERATION   149

9.3.4.1    Rising awareness of renewable sources for power generation

to drive market      149

9.3.5        AUTOMOTIVE MANUFACTURING            151

9.3.5.1    Growing demand for automobiles in developing countries

to drive market    151

9.3.6        CHEMICAL          153

9.3.6.1    Rising demand for fertilizers to drive market  153

9.3.7        OIL & GAS            154

9.3.7.1    Need for long-term stability and smooth functioning of machinery

to drive market      154

9.3.8        TEXTILE               156

9.3.8.1    Revolutionizing textile production with advanced solutions to drive market          156

9.3.9        FOOD PROCESSING        157

9.3.9.1    Growing awareness of safe food products to drive market                 157

9.3.10      OTHER INDUSTRIAL      159

10            LUBRICANTS MARKET, BY REGION          161

10.1         INTRODUCTION              162

10.2         ASIA PACIFIC     164

10.2.1      CHINA  174

10.2.1.1  Increasing population and rapid industrialization to drive market                 174

10.2.2      JAPAN   177

10.2.2.1  Government’s fiscal support and technology development

to drive market      177

10.2.3      INDIA    180

10.2.3.1  Rapid urbanization and population growth to drive market                 180

10.2.4      SOUTH KOREA  183

10.2.4.1  Increasing demand from transportation applications to drive market    183

10.2.5      INDONESIA        186

10.2.5.1  Rising oil production to drive market                186

10.2.6      THAILAND          189

10.2.6.1  Increasing production of automotive parts to drive market                 189

10.2.7      AUSTRALIA & NEW ZEALAND     192

10.2.7.1  Growing mining industry to drive market        192

10.3         EUROPE               196

10.3.1      GERMANY           206

10.3.1.1  Growing industrial activities to drive market   206

10.3.2      RUSSIA 209

10.3.2.1  Growing middle-class population and low fuel prices to drive market    209

10.3.3      ITALY    212

10.3.3.1  Growth in manufacturing industry to drive market        212

10.3.4      FRANCE                215

10.3.4.1  Rising spending power to drive market             215

10.3.5      SPAIN    218

10.3.5.1  Automotive sector to drive market growth       218

10.3.6      UK          221

10.3.6.1  Increasing R&D activities to drive market        221

10.3.7      TURKEY                224

10.3.7.1  Increasing automotive sales to drive market    224

10.4         NORTH AMERICA             227

10.4.1      US           238

10.4.1.1  Strong industrial infrastructure and increasing environmental awareness to drive market   238

10.4.2      CANADA               241

10.4.2.1  Growing automotive industry to drive market 241

10.4.3      MEXICO                244

10.4.3.1  Growing power generation and manufacturing sectors to drive market    244

10.5         MIDDLE EAST & AFRICA                247

10.5.1      GCC COUNTRIES              257

10.5.1.1  Saudi Arabia          257

10.5.1.1.1                Growing oil & gas sector to drive market          257

10.5.2      IRAN      260

10.5.2.1  Rapid increase in industrial sectors to drive market       260

10.5.3      SOUTH AFRICA 263

10.5.3.1  Rapid growth in automotive, industrial, and consumer goods

to drive market      263

10.6         SOUTH AMERICA             266

10.6.1      BRAZIL 275

10.6.1.1  Significant investments in manufacturing industry to drive market    275

10.6.2      ARGENTINA       278

10.6.2.1  Developing mining industry to drive market   278

11            COMPETITIVE LANDSCAPE         282

11.1         INTRODUCTION              282

11.2         KEY PLAYERS’ STRATEGIES/RIGHT TO WIN         282

11.3         MARKET SHARE ANALYSIS, 2024                 284

11.4         REVENUE ANALYSIS, 2020−2024                 286

11.5         COMPANY EVALUATION MATRIX: LUBRICANTS MARKET, 2024    286

11.5.1      STARS   286

11.5.2      EMERGING LEADERS     287

11.5.3      PERVASIVE PLAYERS      287

11.5.4      PARTICIPANTS 287

11.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         288

11.5.5.1  Company footprint               288

11.5.5.2  Region footprint   289

11.5.5.3  Base oil footprint  290

11.5.5.4  Product type footprint         291

11.5.5.5  End-use industry footprint 292

11.6         STARTUPS/SMES EVALUATION MATRIX: LUBRICANTS MARKET, 2024    293

11.6.1      PROGRESSIVE COMPANIES         293

11.6.2      RESPONSIVE COMPANIES            293

11.6.3      DYNAMIC COMPANIES  293

11.6.4      STARTING BLOCKS         293

11.6.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 295

11.6.5.1  Detailed list of key startups/SMEs    295

11.6.5.2  Competitive benchmarking of key startups/SMEs          295

11.7         COMPANY VALUATION AND FINANCIAL METRICS                 296

11.8         PRODUCT COMPARISON              297

11.9         COMPETITIVE SCENARIO             298

11.9.1      PRODUCT LAUNCHES   298

11.9.2      DEALS  300

11.9.3      EXPANSIONS     304

11.9.4      OTHER DEVELOPMENTS              307

12            COMPANY PROFILES      308

12.1         MAJOR PLAYERS               308

12.1.1      EXXON MOBIL CORPORATION  308

12.1.1.1  Business overview 308

12.1.1.2  Products/Solutions/Services offered 309

12.1.1.3  Recent developments           313

12.1.1.3.1                Product launches  313

12.1.1.3.2                Deals      313

12.1.1.3.3                Expansions             314

12.1.1.4  MnM View             314

12.1.1.4.1                Right to Win          314

12.1.1.4.2                Strategic choices   315

12.1.1.4.3                Weaknesses and competitive threats 315

12.1.2      TOTALENERGIES SE       316

12.1.2.1  Business overview 316

12.1.2.2  Products/Solutions/Services offered 317

12.1.2.3  Recent developments           319

12.1.2.3.1                Product launches  319

12.1.2.3.2                Deals      319

12.1.2.3.3                Expansions             321

12.1.2.4  MnM View             321

12.1.2.4.1                Right to win           321

12.1.2.4.2                Strategic choices   321

12.1.2.4.3                Weaknesses and competitive threats 321

12.1.3      SHELL PLC          322

12.1.3.1  Business overview 322

12.1.3.2  Products/Solutions/Services offered 323

12.1.3.3  Recent developments           327

12.1.3.3.1                Product launches  327

12.1.3.3.2                Deals      327

12.1.3.3.3                Expansions             328

12.1.3.3.4                Other developments             329

12.1.3.4  MnM View             329

12.1.3.4.1                Right to win           329

12.1.3.4.2                Strategic choices   329

12.1.3.4.3                Weaknesses and competitive threats 329

12.1.4      CHEVRON CORPORATION           330

12.1.4.1  Business overview 330

12.1.4.2  Products/Solutions/Services offered 331

12.1.4.3  Recent developments           333

12.1.4.3.1                Product launches  333

12.1.4.3.2                Deals      333

12.1.4.3.3                Expansions             334

12.1.4.4  MnM View             334

12.1.4.4.1                Right to win           334

12.1.4.4.2                Strategic choices   334

12.1.4.4.3                Weaknesses and competitive threats 335

12.1.5      BP P.L.C.               336

12.1.5.1  Business overview 336

12.1.5.2  Products/Solutions/Services offered 337

12.1.5.3  Recent developments           339

12.1.5.3.1                Deals      339

12.1.5.3.2                Expansions             340

12.1.5.4  MnM View             340

12.1.5.4.1                Right to win           340

12.1.5.4.2                Strategic choices   340

12.1.5.4.3                Weaknesses and competitive threats 340

12.1.6      PETROCHINA COMPANY LIMITED           341

12.1.6.1  Business overview 341

12.1.6.2  Products/Solutions/Services offered 342

12.1.6.3  Recent developments           343

12.1.6.3.1                Deals      343

12.1.7      CHINA PETROLEUM & CHEMICAL CORPORATION                 344

12.1.7.1  Business overview 344

12.1.7.2  Products/Solutions/Services offered 345

12.1.7.3  Recent developments           347

12.1.7.3.1                Product launches  347

12.1.7.3.2                Deals      347

12.1.7.3.3                Expansions             348

12.1.8      ENEOS HOLDINGS, INC.                349

12.1.8.1  Business overview 349

12.1.8.2  Products/Solutions/Services offered 350

12.1.8.3  Recent developments           351

12.1.8.3.1                Product launches  351

12.1.8.3.2                Deals      351

12.1.8.3.3                Expansions             352

12.1.9      IDEMITSU KOSAN CO., LTD.       353

12.1.9.1  Business overview 353

12.1.9.2  Products/Solutions/Services offered 354

12.1.9.3  Recent developments           356

12.1.9.3.1                Product launches  356

12.1.9.3.2                Deals      356

12.1.9.3.3                Expansions             357

12.1.10   PETROLIAM NASIONAL BERHAD (PETRONAS)   358

12.1.10.1                 Business overview 358

12.1.10.2                 Products/Solutions/Services offered 359

12.1.10.3                 Recent developments           361

12.1.10.3.1             Deals      361

12.1.10.3.2             Expansions             361

12.2         STARTUP/SMES PLAYERS             362

12.2.1      FUCHS SE             362

12.2.2      ENOC COMPANY              363

12.2.3      PETROLEO BRASILEIRO S.A. (PETROBRAS)          364

12.2.4      PJSC LUKOIL      365

12.2.5      PT PERTAMINA (PERSERO)         366

12.2.6      ENI S.P.A.             366

12.2.7      PJSC ROSNEFT OIL COMPANY   367

12.2.8      GAZPROMNEFT-SM LLC                367

12.2.9      GULF OIL INTERNATIONAL LTD.              368

12.2.10   PHILLIPS 66        369

12.2.11   INDIAN OIL CORPORATION LIMITED    370

12.2.12   COSMO OIL LUBRICANTS CO., LTD.        371

12.2.13   KLUBER LUBRICATION 371

12.2.14   HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL) 372

12.2.15   MOTUL S.A.        372

13            ADJACENT & RELATED MARKETS             373

13.1         INTRODUCTION              373

13.2         LIMITATION      373

13.3         BASE OIL MARKET           373

13.3.1      MARKET DEFINITION   373

13.3.2      MARKET OVERVIEW       374

13.4         BASE OIL MARKET, BY REGION 374

13.4.1      EUROPE               375

13.4.2      NORTH AMERICA             376

13.4.3      ASIA PACIFIC     377

13.4.4      MIDDLE EAST & AFRICA                379

13.4.5      SOUTH AMERICA             380

14            APPENDIX           382

14.1         DISCUSSION GUIDE        382

14.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                386

14.3         CUSTOMIZATION OPTIONS        388

14.4         RELATED REPORTS         388

14.5         AUTHOR DETAILS           389

LIST OF TABLES

TABLE 1                LUBRICANTS MARKET: RISK ASSESSMENT                 46

TABLE 2                IMPLEMENTATION OF EMISSION STANDARDS FOR LIGHT-DUTY VEHICLES IN CHINA 56

TABLE 3                CRUDE OIL PRICE TREND (2019−2024)   60

TABLE 4                LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS            62

TABLE 5                INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%) (TRANSPORTATION)     63

TABLE 6                KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES (TRANSPORTATION)  64

TABLE 7                GDP TRENDS AND FORECAST OF MAJOR ECONOMIES, 2021–2029 (USD BILLION) 65

TABLE 8                AVERAGE SELLING PRICE OF LUBRICANTS OFFERED BY KEY PLAYERS,

BY BASE OIL, 2024 (USD/KG)       68

TABLE 9                LUBRICANTS MARKET: ROLE IN ECOSYSTEM                 71

TABLE 10              IMPORT OF LUBRICANTS, BY REGION, 2018–2023 (USD MILLION) 75

TABLE 11              EXPORT OF LUBRICANTS, BY REGION, 2018–2023 (USD MILLION) 76

TABLE 12              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 77

TABLE 13              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           78

TABLE 14              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  79

TABLE 15              MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  79

TABLE 16              SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  80

TABLE 17              LUBRICANTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2025–2026       81

TABLE 18              PATENT STATUS: PATENT APPLICATIONS, LIMITED PATENTS,

AND GRANTED PATENTS             83

TABLE 19              MAJOR PATENTS FOR LUBRICANTS        84

TABLE 20              PATENTS BY BASF SE     86

TABLE 21              PATENTS BY DOW INC. 87

TABLE 22              TOP 10 PATENT OWNERS IN US, 2014–2024                 88

TABLE 23              US ADJUSTED RECIPROCAL TARIFF RATES                 91

TABLE 24              CATEGORY OF BASE OILS            96

TABLE 25              LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION) 97

TABLE 26              LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION) 97

TABLE 27              LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)         98

TABLE 28              LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)         98

TABLE 29              MINERAL OIL LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)          99

TABLE 30              MINERAL OIL LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)          99

TABLE 31              MINERAL OIL LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)  100

TABLE 32              MINERAL OIL LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)  100

TABLE 33              SYNTHETIC LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)            101

TABLE 34              SYNTHETIC LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)            102

TABLE 35              SYNTHETIC LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)     102

TABLE 36              SYNTHETIC LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)     102

TABLE 37              BIO-BASED LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)            104

TABLE 38              BIO-BASED LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)            104

TABLE 39              BIO-BASED LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)     105

TABLE 40              BIO-BASED LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)     105

TABLE 41              LUBRICANTS MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)            107

TABLE 42              LUBRICANTS MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)            108

TABLE 43              LUBRICANTS MARKET, BY PRODUCT TYPE, 2020–2024 (KILOTON)     108

TABLE 44              LUBRICANTS MARKET, BY PRODUCT TYPE, 2025–2030 (KILOTON)     109

TABLE 45             ENGINE OIL: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)            110

TABLE 46             ENGINE OIL: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)            110

TABLE 47             ENGINE OIL: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)     110

TABLE 48             ENGINE OIL: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)     111

TABLE 49              HYDRAULIC OIL: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)          111

TABLE 50              HYDRAULIC OIL: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)          112

TABLE 51              HYDRAULIC OIL: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)  112

TABLE 52              HYDRAULIC OIL: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)  112

TABLE 53              COMPRESSOR OIL: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)          113

TABLE 54              COMPRESSOR OIL: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)          114

TABLE 55              COMPRESSOR OIL: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)  114

TABLE 56              COMPRESSOR OIL: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)  114

TABLE 57             METALWORKING FLUID: LUBRICANTS MARKET, BY REGION,

2020–2024 (USD MILLION)            115

TABLE 58             METALWORKING FLUID: LUBRICANTS MARKET, BY REGION,

2025–2030 (USD MILLION)            115

TABLE 59             METALWORKING FLUID: LUBRICANTS MARKET, BY REGION,

2020–2024 (KILOTON)     116

TABLE 60             METALWORKING FLUID: LUBRICANTS MARKET, BY REGION,

2025–2030 (KILOTON)     116

TABLE 61              GEAR OIL: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)            117

TABLE 62              GEAR OIL: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)            117

TABLE 63              GEAR OIL: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)     118

TABLE 64              GEAR OIL: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)     118

TABLE 65              TURBINE OIL: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)          119

TABLE 66              TURBINE OIL: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)          119

TABLE 67              TURBINE OIL: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)  120

TABLE 68              TURBINE OIL: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)  120

TABLE 69              GREASE: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)            121

TABLE 70              GREASE: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)            121

TABLE 71              GREASE: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)     121

TABLE 72              GREASE: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)     122

TABLE 73              OTHER PRODUCT TYPES: LUBRICANTS MARKET, BY REGION,

2020–2024 (USD MILLION)            124

TABLE 74              OTHER PRODUCT TYPES: LUBRICANTS MARKET, BY REGION,

2025–2030 (USD MILLION)            124

TABLE 75              OTHER PRODUCT TYPES: LUBRICANTS MARKET, BY REGION,

2020–2024 (KILOTON)     125

TABLE 76              OTHER PRODUCT TYPES: LUBRICANTS MARKET, BY REGION,

2025–2030 (KILOTON)     125

TABLE 77              LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION)            127

TABLE 78              LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            128

TABLE 79              LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)     129

TABLE 80              LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)     130

TABLE 81              COMMERCIAL VEHICLE: LUBRICANTS MARKET, BY REGION,

2020–2024 (USD MILLION)            132

TABLE 82              COMMERCIAL VEHICLE: LUBRICANTS MARKET, BY REGION,

2025–2030 (USD MILLION)            132

TABLE 83              COMMERCIAL VEHICLE: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)            132

TABLE 84              COMMERCIAL VEHICLE: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)            133

TABLE 85              PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION,

2020–2024 (USD MILLION)            133

TABLE 86              PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION,

2025–2030 (USD MILLION)            134

TABLE 87              PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)            134

TABLE 88              PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)            134

TABLE 89              PASSENGER VEHICLE: LUBRICANTS MARKET, BY VEHICLE TYPE,

2020–2024 (USD MILLION)            135

TABLE 90              PASSENGER VEHICLE: LUBRICANTS MARKET, BY VEHICLE TYPE,

2025–2030 (USD MILLION)            135

TABLE 91              PASSENGER VEHICLE: LUBRICANTS MARKET, BY VEHICLE TYPE,

2020–2024 (KILOTON)     135

TABLE 92              PASSENGER VEHICLE: LUBRICANTS MARKET, BY VEHICLE TYPE,

2025–2030 (KILOTON)     135

TABLE 93              4-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION,

2020–2024 (USD MILLION)            136

TABLE 94              4-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION,

2025–2030 (USD MILLION)            136

TABLE 95              4-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION,

2020–2024 (KILOTON)     137

TABLE 96              4-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION,

2025–2030 (KILOTON)     137

TABLE 97              2-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION,

2020–2024 (USD MILLION)            138

TABLE 98              2-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION,

2025–2030 (USD MILLION)            138

TABLE 99              2-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION,

2020–2024 (KILOTON)     138

TABLE 100            2-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION,

2025–2030 (KILOTON)     139

TABLE 101            AVIATION: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)            139

TABLE 102            AVIATION: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)            140

TABLE 103            AVIATION: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)     140

TABLE 104            AVIATION: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)     140

TABLE 105            MARINE: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)            141

TABLE 106            MARINE: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)            141

TABLE 107            MARINE: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)     142

TABLE 108            MARINE: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)     142

TABLE 109            RAILWAYS: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)            143

TABLE 110            RAILWAYS: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)            143

TABLE 111            RAILWAYS: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)     143

TABLE 112            RAILWAYS: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)     144

TABLE 113            CONSTRUCTION: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)          145

TABLE 114            CONSTRUCTION: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)          145

TABLE 115            CONSTRUCTION: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)  146

TABLE 116            CONSTRUCTION: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)  146

TABLE 117            METAL & MINING: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)          147

TABLE 118            METAL & MINING: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)          147

TABLE 119            METAL & MINING: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)  147

TABLE 120            METAL & MINING: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)  148

TABLE 121            CEMENT PRODUCTION: LUBRICANTS MARKET, BY REGION,

2020–2024 (USD MILLION)            148

TABLE 122            CEMENT PRODUCTION: LUBRICANTS MARKET, BY REGION,

2025–2030 (USD MILLION)            148

TABLE 123            CEMENT PRODUCTION: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)            149

TABLE 124            CEMENT PRODUCTION: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)            149

TABLE 125            POWER GENERATION: LUBRICANTS MARKET, BY REGION,

2020–2024 (USD MILLION)            150

TABLE 126            POWER GENERATION: LUBRICANTS MARKET, BY REGION,

2025–2030 (USD MILLION)            150

TABLE 127            POWER GENERATION: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)            150

TABLE 128            POWER GENERATION: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)            151

TABLE 129            AUTOMOTIVE MANUFACTURING: LUBRICANTS MARKET, BY REGION,

2020–2024 (USD MILLION)            151

TABLE 130            AUTOMOTIVE MANUFACTURING: LUBRICANTS MARKET, BY REGION,

2025–2030 (USD MILLION)            152

TABLE 131            AUTOMOTIVE MANUFACTURING: LUBRICANTS MARKET, BY REGION,

2020–2024 (KILOTON)     152

TABLE 132            AUTOMOTIVE MANUFACTURING: LUBRICANTS MARKET, BY REGION,

2025–2030 (KILOTON)     152

TABLE 133            CHEMICAL: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)            153

TABLE 134            CHEMICAL: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)            153

TABLE 135            CHEMICAL: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)     154

TABLE 136            CHEMICAL: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)     154

TABLE 137            OIL & GAS: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)            154

TABLE 138            OIL & GAS: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)            155

TABLE 139            OIL & GAS: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)     155

TABLE 140            OIL & GAS: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)     155

TABLE 141            TEXTILE: LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION)            156

TABLE 142            TEXTILE: LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION)            156

TABLE 143            TEXTILE: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)     157

TABLE 144            TEXTILE: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)     157

TABLE 145            FOOD PROCESSING: LUBRICANTS MARKET, BY REGION,

2020–2024 (USD MILLION)            157

TABLE 146            FOOD PROCESSING: LUBRICANTS MARKET, BY REGION,

2025–2030 (USD MILLION)            158

TABLE 147            FOOD PROCESSING: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)  158

TABLE 148            FOOD PROCESSING: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)  158

TABLE 149            OTHER INDUSTRIAL: LUBRICANTS MARKET, BY REGION,

2020–2024 (USD MILLION)            159

TABLE 150            OTHER INDUSTRIAL: LUBRICANTS MARKET, BY REGION,

2025–2030 (USD MILLION)            159

TABLE 151            OTHER INDUSTRIAL: LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)  159

TABLE 152            OTHER INDUSTRIAL: LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)  160

TABLE 153            LUBRICANTS MARKET, BY REGION, 2020–2024 (USD MILLION) 162

TABLE 154            LUBRICANTS MARKET, BY REGION, 2025–2030 (USD MILLION) 163

TABLE 155            LUBRICANTS MARKET, BY REGION, 2020–2024 (KILOTON)         163

TABLE 156            LUBRICANTS MARKET, BY REGION, 2025–2030 (KILOTON)         163

TABLE 157            ASIA PACIFIC: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)  165

TABLE 158            ASIA PACIFIC: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)  165

TABLE 159            ASIA PACIFIC: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)           165

TABLE 160            ASIA PACIFIC: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)           165

TABLE 161            ASIA PACIFIC: LUBRICANTS MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            166

TABLE 162            ASIA PACIFIC: LUBRICANTS MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            166

TABLE 163            ASIA PACIFIC: LUBRICANTS MARKET, BY PRODUCT TYPE, 2020–2024 (KILOTON) 167

TABLE 164            ASIA PACIFIC: LUBRICANTS MARKET, BY PRODUCT TYPE, 2025–2030 (KILOTON) 167

TABLE 165            ASIA PACIFIC: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            168

TABLE 166            ASIA PACIFIC: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            169

TABLE 167            ASIA PACIFIC: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (KILOTON)     170

TABLE 168            ASIA PACIFIC: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     171

TABLE 169            ASIA PACIFIC: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2020–2024 (USD MILLION)            171

TABLE 170            ASIA PACIFIC: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2025–2030 (USD MILLION)            171

TABLE 171            ASIA PACIFIC: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2020–2024 (KILOTON)                 172

TABLE 172            ASIA PACIFIC: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2025–2030 (KILOTON)                 172

TABLE 173            ASIA PACIFIC: LUBRICANTS MARKET, BY COUNTRY, 2020–2024 (USD MILLION)     172

TABLE 174            ASIA PACIFIC: LUBRICANTS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     173

TABLE 175            ASIA PACIFIC: LUBRICANTS MARKET, BY COUNTRY, 2020–2024 (KILOTON)              173

TABLE 176            ASIA PACIFIC: LUBRICANTS MARKET, BY COUNTRY, 2025–2030 (KILOTON)              174

TABLE 177            CHINA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            174

TABLE 178            CHINA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            175

TABLE 179            CHINA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     175

TABLE 180            CHINA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     175

TABLE 181            CHINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION)    176

TABLE 182            CHINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    176

TABLE 183            CHINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             176

TABLE 184            CHINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             177

TABLE 185            JAPAN: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            177

TABLE 186            JAPAN: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            178

TABLE 187            JAPAN: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     178

TABLE 188            JAPAN: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     178

TABLE 189            JAPAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION)    179

TABLE 190            JAPAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    179

TABLE 191            JAPAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             180

TABLE 192            JAPAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             180

TABLE 193            INDIA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            181

TABLE 194            INDIA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            181

TABLE 195            INDIA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     181

TABLE 196            INDIA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     181

TABLE 197            INDIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION)    182

TABLE 198            INDIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    182

TABLE 199            INDIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             183

TABLE 200            INDIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             183

TABLE 201            SOUTH KOREA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)  184

TABLE 202            SOUTH KOREA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)  184

TABLE 203            SOUTH KOREA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)           184

TABLE 204            SOUTH KOREA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)           184

TABLE 205            SOUTH KOREA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            185

TABLE 206            SOUTH KOREA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            185

TABLE 207            SOUTH KOREA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (KILOTON)     186

TABLE 208            SOUTH KOREA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     186

TABLE 209            INDONESIA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)  187

TABLE 210            INDONESIA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)  187

TABLE 211            INDONESIA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)           187

TABLE 212            INDONESIA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)           187

TABLE 213            INDONESIA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            188

TABLE 214            INDONESIA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            188

TABLE 215            INDONESIA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (KILOTON)     188

TABLE 216            INDONESIA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     189

TABLE 217          THAILAND: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            189

TABLE 218          THAILAND: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            190

TABLE 219          THAILAND: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     190

TABLE 220          THAILAND: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     190

TABLE 221            THAILAND: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            191

TABLE 222            THAILAND: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            191

TABLE 223            THAILAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             192

TABLE 224            THAILAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             192

TABLE 225            AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY BASE OIL,

2020–2024 (USD MILLION)            193

TABLE 226            AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY BASE OIL,

2025–2030 (USD MILLION)            193

TABLE 227            AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY BASE OIL,

2020–2024 (KILOTON)     193

TABLE 228            AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY BASE OIL,

2025–2030 (KILOTON)     193

TABLE 229            AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION)                 194

TABLE 230            AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)                 194

TABLE 231            AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)                 195

TABLE 232            AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)                 195

TABLE 233            EUROPE: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            197

TABLE 234            EUROPE: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            197

TABLE 235            EUROPE: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     197

TABLE 236            EUROPE: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     198

TABLE 237            EUROPE: LUBRICANTS MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)                198

TABLE 238            EUROPE: LUBRICANTS MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)                198

TABLE 239            EUROPE: LUBRICANTS MARKET, BY PRODUCT TYPE, 2020–2024 (KILOTON)        199

TABLE 240            EUROPE: LUBRICANTS MARKET, BY PRODUCT TYPE, 2025–2030 (KILOTON)        199

TABLE 241            EUROPE: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            200

TABLE 242            EUROPE: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            201

TABLE 243            EUROPE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             202

TABLE 244            EUROPE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             203

TABLE 245            EUROPE: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE,

2020–2024 (USD MILLION)            203

TABLE 246            EUROPE: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE,

2025–2030 (USD MILLION)            203

TABLE 247            EUROPE: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE,

2020–2024 (KILOTON)     204

TABLE 248            EUROPE: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE,

2025–2030 (KILOTON)     204

TABLE 249            EUROPE: LUBRICANTS MARKET, BY COUNTRY, 2020–2024 (USD MILLION)            204

TABLE 250            EUROPE: LUBRICANTS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            205

TABLE 251            EUROPE: LUBRICANTS MARKET, BY COUNTRY, 2020–2024 (KILOTON)     205

TABLE 252            EUROPE: LUBRICANTS MARKET, BY COUNTRY, 2025–2030 (KILOTON)     206

TABLE 253            GERMANY: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            206

TABLE 254            GERMANY: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            206

TABLE 255            GERMANY: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     207

TABLE 256            GERMANY: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     207

TABLE 257            GERMANY: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            207

TABLE 258            GERMANY: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            208

TABLE 259            GERMANY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             208

TABLE 260            GERMANY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             209

TABLE 261            RUSSIA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            209

TABLE 262            RUSSIA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            210

TABLE 263            RUSSIA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     210

TABLE 264            RUSSIA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     210

TABLE 265            RUSSIA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            211

TABLE 266            RUSSIA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            211

TABLE 267            RUSSIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             212

TABLE 268            RUSSIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             212

TABLE 269            ITALY: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            213

TABLE 270            ITALY: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            213

TABLE 271            ITALY: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     213

TABLE 272            ITALY: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     213

TABLE 273            ITALY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION)    214

TABLE 274            ITALY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    214

TABLE 275            ITALY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             215

TABLE 276            ITALY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             215

TABLE 277            FRANCE: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            216

TABLE 278            FRANCE: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            216

TABLE 279            FRANCE: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     216

TABLE 280            FRANCE: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     216

TABLE 281            FRANCE: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            217

TABLE 282            FRANCE: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            217

TABLE 283            FRANCE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             218

TABLE 284            FRANCE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             218

TABLE 285            SPAIN: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            219

TABLE 286            SPAIN: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            219

TABLE 287            SPAIN: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     219

TABLE 288            SPAIN: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     220

TABLE 289            SPAIN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION)    220

TABLE 290            SPAIN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    220

TABLE 291            SPAIN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             221

TABLE 292            SPAIN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             221

TABLE 293            UK: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)       222

TABLE 294            UK: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)       222

TABLE 295            UK: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)                222

TABLE 296            UK: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)                222

TABLE 297            UK: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION)    223

TABLE 298            UK: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    223

TABLE 299            UK: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             224

TABLE 300            UK: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             224

TABLE 301            TURKEY: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            225

TABLE 302            TURKEY: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            225

TABLE 303            TURKEY: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     225

TABLE 304            TURKEY: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     225

TABLE 305            TURKEY: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            226

TABLE 306            TURKEY: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            226

TABLE 307            TURKEY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             226

TABLE 308            TURKEY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             227

TABLE 309            NORTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)       228

TABLE 310            NORTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)       229

TABLE 311            NORTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)                229

TABLE 312            NORTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)                229

TABLE 313            NORTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            230

TABLE 314            NORTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            230

TABLE 315            NORTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2020–2024 (KILOTON)     231

TABLE 316            NORTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2025–2030 (KILOTON)     231

TABLE 317            NORTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            232

TABLE 318            NORTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            233

TABLE 319            NORTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (KILOTON)     234

TABLE 320            NORTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     235

TABLE 321            NORTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2020–2024 (USD MILLION)            235

TABLE 322            NORTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2025–2030 (USD MILLION)            236

TABLE 323            NORTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2020–2024 (KILOTON)                 236

TABLE 324            NORTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2025–2030 (KILOTON)                 236

TABLE 325            NORTH AMERICA: LUBRICANTS MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            236

TABLE 326            NORTH AMERICA: LUBRICANTS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            237

TABLE 327            NORTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2020–2024 (KILOTON)              237

TABLE 328            NORTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2025–2030 (KILOTON)              237

TABLE 329            US: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)       238

TABLE 330            US: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)       238

TABLE 331            US: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)                239

TABLE 332            US: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)                239

TABLE 333            US: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION)    239

TABLE 334            US: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    240

TABLE 335            US: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             240

TABLE 336            US: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             241

TABLE 337            CANADA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            241

TABLE 338            CANADA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            241

TABLE 339            CANADA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     242

TABLE 340            CANADA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     242

TABLE 341            CANADA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            242

TABLE 342            CANADA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            243

TABLE 343            CANADA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             243

TABLE 344            CANADA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             244

TABLE 345            MEXICO: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            244

TABLE 346            MEXICO: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            245

TABLE 347            MEXICO: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     245

TABLE 348            MEXICO: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     245

TABLE 349            MEXICO: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            246

TABLE 350            MEXICO: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            246

TABLE 351            MEXICO: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             247

TABLE 352            MEXICO: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             247

TABLE 353            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY BASE OIL,

2020–2024 (USD MILLION)            248

TABLE 354            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY BASE OIL,

2025–2030 (USD MILLION)            248

TABLE 355            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY BASE OIL,

2020–2024 (KILOTON)     248

TABLE 356            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY BASE OIL,

2025–2030 (KILOTON)     248

TABLE 357            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            249

TABLE 358            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            249

TABLE 359            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2020–2024 (KILOTON)     250

TABLE 360            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2025–2030 (KILOTON)     250

TABLE 361            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            251

TABLE 362            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            252

TABLE 363            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (KILOTON)     253

TABLE 364            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     254

TABLE 365            MIDDLE EAST & AFRICA: LUBRICANTS MARKET IN PASSENGER VEHICLE,

BY VEHICLE TYPE, 2020–2024 (USD MILLION)      254

TABLE 366            MIDDLE EAST & AFRICA: LUBRICANTS MARKET IN PASSENGER VEHICLE,

BY VEHICLE TYPE, 2025–2030 (USD MILLION)      254

TABLE 367            MIDDLE EAST & AFRICA: LUBRICANTS MARKET IN PASSENGER VEHICLE,

BY VEHICLE TYPE, 2020–2024 (KILOTON)              255

TABLE 368            MIDDLE EAST & AFRICA: LUBRICANTS MARKET IN PASSENGER VEHICLE,

BY VEHICLE TYPE, 2025–2030 (KILOTON)              255

TABLE 369            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            255

TABLE 370            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            256

TABLE 371            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY COUNTRY,

2020–2024 (KILOTON)     256

TABLE 372            MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY COUNTRY,

2025–2030 (KILOTON)     257

TABLE 373            SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY BASE OIL,

2020–2024 (USD MILLION)            258

TABLE 374            SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY BASE OIL,

2025–2030 (USD MILLION)            258

TABLE 375            SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY BASE OIL,

2020–2024 (KILOTON)     258

TABLE 376            SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY BASE OIL,

2025–2030 (KILOTON)     259

TABLE 377            SAUDI ARABIA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            259

TABLE 378            SAUDI ARABIA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            259

TABLE 379            SAUDI ARABIA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (KILOTON)     260

TABLE 380            SAUDI ARABIA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     260

TABLE 381            IRAN: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)       261

TABLE 382            IRAN: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)       261

TABLE 383            IRAN: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)                261

TABLE 384            IRAN: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)                262

TABLE 385            IRAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION)    262

TABLE 386            IRAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    262

TABLE 387            IRAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             263

TABLE 388            IRAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             263

TABLE 389            SOUTH AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)  264

TABLE 390            SOUTH AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)  264

TABLE 391            SOUTH AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)           264

TABLE 392            SOUTH AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)           264

TABLE 393            SOUTH AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            265

TABLE 394            SOUTH AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            265

TABLE 395            SOUTH AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (KILOTON)     266

TABLE 396            SOUTH AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     266

TABLE 397            SOUTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)       267

TABLE 398            SOUTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)       267

TABLE 399            SOUTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)                267

TABLE 400            SOUTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)                268

TABLE 401            SOUTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            268

TABLE 402            SOUTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            268

TABLE 403            SOUTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2020–2024 (KILOTON)     269

TABLE 404            SOUTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE,

2025–2030 (KILOTON)     269

TABLE 405            SOUTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            270

TABLE 406            SOUTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

–2030 (USD MILLION)     271

TABLE 407            SOUTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (KILOTON)     272

TABLE 408            SOUTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     273

TABLE 409            SOUTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2020–2024 (USD MILLION)            273

TABLE 410            SOUTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2025–2030 (USD MILLION)            273

TABLE 411            SOUTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2020–2024 (KILOTON)                 274

TABLE 412            SOUTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2025–2030 (KILOTON)                 274

TABLE 413            SOUTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2020–2024 (USD MILLION)     274

TABLE 414            SOUTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     274

TABLE 415            SOUTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2020–2024 (KILOTON)              275

TABLE 416            SOUTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2025–2030 (KILOTON)              275

TABLE 417            BRAZIL: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)            276

TABLE 418            BRAZIL: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)            276

TABLE 419            BRAZIL: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)     276

TABLE 420            BRAZIL: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)     276

TABLE 421            BRAZIL: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            277

TABLE 422            BRAZIL: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            277

TABLE 423            BRAZIL: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2020–2024 (KILOTON)             278

TABLE 424            BRAZIL: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             278

TABLE 425            ARGENTINA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (USD MILLION)  279

TABLE 426            ARGENTINA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (USD MILLION)  279

TABLE 427            ARGENTINA: LUBRICANTS MARKET, BY BASE OIL, 2020–2024 (KILOTON)           279

TABLE 428            ARGENTINA: LUBRICANTS MARKET, BY BASE OIL, 2025–2030 (KILOTON)           279

TABLE 429            ARGENTINA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (USD MILLION)            280

TABLE 430            ARGENTINA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            280

TABLE 431            ARGENTINA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2020–2024 (KILOTON)     281

TABLE 432            ARGENTINA: LUBRICANTS MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     281

TABLE 433            OVERVIEW OF STRATEGIES ADOPTED BY KEY LUBRICANT MANUFACTURERS 282

TABLE 434            LUBRICANTS MARKET: DEGREE OF COMPETITION 284

TABLE 435            LUBRICANTS MARKET: REGION FOOTPRINT                 289

TABLE 436            LUBRICANTS MARKET: BASE OIL FOOTPRINT                 290

TABLE 437            LUBRICANTS MARKET: PRODUCT TYPE FOOTPRINT       291

TABLE 438            LUBRICANTS MARKET: END-USE INDUSTRY FOOTPRINT       292

TABLE 439            LUBRICANTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES              295

TABLE 440            LUBRICANTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          295

TABLE 441            LUBRICANTS MARKET: PRODUCT LAUNCHES, JANUARY 2019–FEBRUARY 2024  298

TABLE 442            LUBRICANTS MARKET: DEALS, JANUARY 2019–FEBRUARY 2024 300

TABLE 443            LUBRICANTS MARKET: EXPANSIONS, JANUARY 2019–FEBRUARY 2024      304

TABLE 444            LUBRICANTS MARKET: OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2024              307

TABLE 445            EXXON MOBIL CORPORATION: COMPANY OVERVIEW          308

TABLE 446            EXXON MOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    309

TABLE 447            EXXON MOBIL CORPORATION: PRODUCT LAUNCHES,

JANUARY 2019–FEBRUARY 2024  313

TABLE 448            EXXON MOBIL CORPORATION: DEALS, JANUARY 2019–FEBRUARY 2024  313

TABLE 449            EXXON MOBIL CORPORATION: EXPANSIONS, JANUARY 2019–FEBRUARY 2024  314

TABLE 450            TOTALENERGIES SE: COMPANY OVERVIEW                 316

TABLE 451            TOTALENERGIES SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    317

TABLE 452            TOTALENERGIES SE: PRODUCT LAUNCHES, JANUARY 2019–FEBRUARY 2024  319

TABLE 453            TOTALENERGIES SE: DEALS, JANUARY 2019–FEBRUARY 2024 319

TABLE 454            TOTALENERGIES SE: EXPANSIONS, JANUARY 2019–FEBRUARY 2024      321

TABLE 455            SHELL PLC: COMPANY OVERVIEW           322

TABLE 456            SHELL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             323

TABLE 457            SHELL PLC: PRODUCT LAUNCHES, JANUARY 2019–FEBRUARY 2024      327

TABLE 458            SHELL PLC: DEALS, JANUARY 2019–FEBRUARY 2024        327

TABLE 459            SHELL PLC: EXPANSIONS, JANUARY 2019–FEBRUARY 2024 328

TABLE 460            SHELL PLC: OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2024      329

TABLE 461            CHEVRON CORPORATION: COMPANY OVERVIEW          330

TABLE 462            CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    331

TABLE 463            CHEVRON CORPORATION: PRODUCT LAUNCHES, JANUARY 2019–FEBRUARY 2024          333

TABLE 464            CHEVRON CORPORATION: DEALS, JANUARY 2019–FEBRUARY 2024      333

TABLE 465            CHEVRON CORPORATION: EXPANSIONS, JANUARY 2019–FEBRUARY 2024  334

TABLE 466            BP P.L.C.: COMPANY OVERVIEW                336

TABLE 467            BP P.L.C.: PRODUCTS/SOLUTIONS/SERVICES OFFERED             337

TABLE 468            BP P.L.C.: DEALS, JANUARY 2019–FEBRUARY 2024                 339

TABLE 469            BP P.L.C.: EXPANSIONS, JANUARY 2019–FEBRUARY 2024 340

TABLE 470            PETROCHINA COMPANY LIMITED: COMPANY OVERVIEW          341

TABLE 471            PETROCHINA COMPANY LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    342

TABLE 472            PETROCHINA COMPANY LIMITED: DEALS, JANUARY 2019–FEBRUARY 2024  343

TABLE 473            CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY OVERVIEW 344

TABLE 474            CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED                 345

TABLE 475            CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCT LAUNCHES,

JANUARY 2019–FEBRUARY 2024  347

TABLE 476            CHINA PETROLEUM & CHEMICAL CORPORATION: DEALS,

JANUARY 2019–FEBRUARY 2024  347

TABLE 477            CHINA PETROLEUM & CHEMICAL CORPORATION: EXPANSIONS,

JANUARY 2019–FEBRUARY 2024  348

TABLE 478            ENEOS HOLDINGS, INC.: COMPANY OVERVIEW                 349

TABLE 479            ENEOS HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    350

TABLE 480            ENEOS HOLDINGS, INC.: PRODUCT LAUNCHES, JANUARY 2019–FEBRUARY 2024  351

TABLE 481            ENEOS HOLDINGS, INC.: DEALS, JANUARY 2019–FEBRUARY 2024 351

TABLE 482            ENEOS HOLDINGS, INC.: EXPANSIONS, JANUARY 2019–FEBRUARY 2024  352

TABLE 483            IDEMITSU KOSAN CO., LTD.: COMPANY OVERVIEW          353

TABLE 484            IDEMITSU KOSAN CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    354

TABLE 485            IDEMITSU KOSAN CO., LTD.: PRODUCT LAUNCHES,

JANUARY 2019–FEBRUARY 2024  356

TABLE 486            IDEMITSU KOSAN CO., LTD.: DEALS, JANUARY 2019–FEBRUARY 2024      356

TABLE 487            IDEMITSU KOSAN CO., LTD.: EXPANSIONS, JANUARY 2019–FEBRUARY 2024  357

TABLE 488            PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY OVERVIEW   358

TABLE 489            PETROLIAM NASIONAL BERHAD (PETRONAS): PRODUCTS/SOLUTIONS/

SERVICES OFFERED        359

TABLE 490            PETROLIAM NASIONAL BERHAD (PETRONAS): DEALS,

JANUARY 2019–FEBRUARY 2024  361

TABLE 491            PETROLIAM NASIONAL BERHAD (PETRONAS): EXPANSIONS,

JANUARY 2019–FEBRUARY 2024  361

TABLE 492            FUCHS SE: COMPANY OVERVIEW             362

TABLE 493            ENOC COMPANY: COMPANY OVERVIEW                 363

TABLE 494            PETROLEO BRASILEIRO S.A. (PETROBRAS): COMPANY OVERVIEW   364

TABLE 495            PJSC LUKOIL: COMPANY OVERVIEW       365

TABLE 496            PT PERTAMINA (PERSERO): COMPANY OVERVIEW          366

TABLE 497            ENI S.P.A.: COMPANY OVERVIEW              366

TABLE 498            PJSC ROSNEFT OIL COMPANY: COMPANY OVERVIEW          367

TABLE 499            GAZPROMNEFT-SM LLC: COMPANY OVERVIEW                 367

TABLE 500            GULF OIL INTERNATIONAL LTD.: COMPANY OVERVIEW          368

TABLE 501            PHILLIPS 66: COMPANY OVERVIEW         369

TABLE 502            INDIAN OIL CORPORATION LIMITED: COMPANY OVERVIEW   370

TABLE 503            COSMO OIL LUBRICANTS CO., LTD.: COMPANY OVERVIEW          371

TABLE 504            KLUBER LUBRICATION: COMPANY OVERVIEW                 371

TABLE 505            HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL): COMPANY OVERVIEW               372

TABLE 506            MOTUL S.A.: COMPANY OVERVIEW         372

TABLE 507            BASE OIL MARKET, BY REGION, 2016–2019 (USD MILLION)            374

TABLE 508            BASE OIL MARKET, BY REGION, 2020–2025 (USD MILLION)            374

TABLE 509            BASE OIL MARKET, BY REGION, 2016–2019 (KILOTONS)       374

TABLE 510            BASE OIL MARKET, BY REGION, 2020–2025 (KILOTONS)       375

TABLE 511            EUROPE: BASE OIL MARKET, BY COUNTRY, 2016–2019 (USD MILLION)            375

TABLE 512            EUROPE: BASE OIL MARKET, BY COUNTRY, 2020–2025 (USD MILLION)            375

TABLE 513            EUROPE: BASE OIL MARKET, BY COUNTRY, 2016–2019 (KILOTONS)  376

TABLE 514            EUROPE: BASE OIL MARKET, BY COUNTRY, 2020–2025 (KILOTONS)  376

TABLE 515            NORTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2016–2019 (USD MILLION)     376

TABLE 516            NORTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2020–2025 (USD MILLION)     377

TABLE 517            NORTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2016–2019 (KILOTONS)           377

TABLE 518            NORTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2020–2025 (KILOTONS)           377

TABLE 519            ASIA PACIFIC: BASE OIL MARKET, BY COUNTRY, 2016–2019 (USD MILLION)            377

TABLE 520            ASIA PACIFIC: BASE OIL MARKET, BY COUNTRY, 2020–2025 (USD MILLION)            378

TABLE 521            ASIA PACIFIC: BASE OIL MARKET, BY COUNTRY, 2016–2019 (KILOTONS)  378

TABLE 522            ASIA PACIFIC: BASE OIL MARKET, BY COUNTRY, 2020–2025 (KILOTONS)  378

TABLE 523            MIDDLE EAST & AFRICA: BASE OIL MARKET, BY COUNTRY,

2016–2019 (USD MILLION)            379

TABLE 524            MIDDLE EAST & AFRICA: BASE OIL MARKET, BY COUNTRY,

2020–2025 (USD MILLION)            379

TABLE 525            MIDDLE EAST & AFRICA: BASE OIL MARKET, BY COUNTRY,

2016–2019 (KILOTONS)  379

TABLE 526            MIDDLE EAST & AFRICA: BASE OIL MARKET, BY COUNTRY,

2020–2025 (KILOTONS)  380

TABLE 527            SOUTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2016–2019 (USD MILLION)     380

TABLE 528            SOUTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2020–2025 (USD MILLION)     380

TABLE 529            SOUTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2016–2019 (KILOTONS)           381

TABLE 530            SOUTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2020–2025 (KILOTONS)           381

LIST OF FIGURES

FIGURE 1              LUBRICANTS MARKET SEGMENTATION AND REGIONAL SPREAD         33

FIGURE 2              LUBRICANTS MARKET: RESEARCH DESIGN                 38

FIGURE 3              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE SHARE OF KEY PLAYERS              42

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS (BOTTOM-UP)          42

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE): PRODUCTS SOLD (BOTTOM UP)                 43

FIGURE 6              LUBRICANTS MARKET: DATA TRIANGULATION                 44

FIGURE 7              MARKET GROWTH PROJECTION FROM SUPPLY SIDE      45

FIGURE 8              MARKET GROWTH PROJECTION FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES 46

FIGURE 9              MINERAL OIL LUBRICANTS SEGMENT TO ACCOUNT FOR LARGEST

SHARE DURING FORECAST PERIOD        47

FIGURE 10            ENGINE OIL DOMINATED OVERALL LUBRICANTS MARKET IN 2024   48

FIGURE 11            PASSENGER VEHICLE TO BE DOMINANT CONSUMER OF LUBRICANTS IN TRANSPORTATION SEGMENT DURING FORECAST PERIOD       48

FIGURE 12            CONSTRUCTION TO BE LEADING END USER OF LUBRICANTS

IN INDUSTRIAL SEGMENT           49

FIGURE 13            ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 50

FIGURE 14            LUBRICANTS MARKET TO WITNESS STEADY GROWTH DURING FORECAST PERIOD  51

FIGURE 15            CHINA LED ASIA PACIFIC LUBRICANTS MARKET IN 2024  52

FIGURE 16            ASIA PACIFIC TO BE LARGEST MARKET FOR LUBRICANTS DURING

FORECAST PERIOD         52

FIGURE 17            TRANSPORTATION INDUSTRY LED LUBRICANTS MARKET IN 2024   53

FIGURE 18            CHINA PROJECTED TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD    53

FIGURE 19            LUBRICANTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES     54

FIGURE 20            GOVERNMENT TARGETS FOR ELECTRIC VEHICLES            58

FIGURE 21            LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS            61

FIGURE 22            INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE

END-USE INDUSTRIES (TRANSPORTATION)       63

FIGURE 23            KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES (TRANSPORTATION)  64

FIGURE 24            LUBRICANTS MARKET: SUPPLY CHAIN ANALYSIS            66

FIGURE 25            AVERAGE SELLING PRICE OF LUBRICANTS OFFERED BY KEY PLAYERS,

BY BASE OIL, 2024             68

FIGURE 26            AVERAGE SELLING PRICE TREND OF LUBRICANTS, BY REGION,

2022–2030 (USD/KG)        69

FIGURE 27            TREND/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES           70

FIGURE 28            ECOSYSTEM OF LUBRICANTS MARKET 71

FIGURE 29            IMPORT DATA FOR HS CODE – 2710 OF LUBRICANTS, BY KEY COUNTRY,

2018–2023 (USD BILLION)             75

FIGURE 30            EXPORT DATA FOR HS CODE- 2710 OF LUBRICANTS, BY KEY COUNTRY,

2018–2023 (USD BILLION)             76

FIGURE 31            PATENTS REGISTERED, 2014–2024             83

FIGURE 32            LIST OF MAJOR PATENTS FOR LUBRICANTS                 84

FIGURE 33            LEGAL STATUS OF PATENTS FILED IN LUBRICANTS MARKET   88

FIGURE 34            MAXIMUM PATENTS FILED IN JURISDICTION OF US    89

FIGURE 35            IMPACT OF AI/GEN AI ON LUBRICANTS MARKET               89

FIGURE 36            MINERAL OIL LUBRICANTS TO DOMINATE GLOBAL LUBRICANTS MARKET

DURING FORECAST PERIOD       97

FIGURE 37            FACTORS AFFECTING GLOBAL SYNTHETIC LUBRICANTS MARKET   101

FIGURE 38            ENGINE OIL TO DOMINATE MARKET DURING FORECAST PERIOD         107

FIGURE 39            PASSENGER VEHICLE TO BE LARGEST END USER OF LUBRICANTS

IN TRANSPORTATION INDUSTRY DURING FORECAST PERIOD                 131

FIGURE 40            CONSTRUCTION TO BE LARGEST END-USE SEGMENT OF LUBRICANTS

IN INDUSTRIAL SEGMENT DURING FORECAST PERIOD 144

FIGURE 41            ASIA PACIFIC TO BE LARGEST MARKET FOR LUBRICANTS

DURING FORECAST PERIOD       162

FIGURE 42            ASIA PACIFIC: LUBRICANTS MARKET SNAPSHOT          164

FIGURE 43            EUROPE: LUBRICANTS MARKET SNAPSHOT                 196

FIGURE 44            NORTH AMERICA: LUBRICANTS MARKET SNAPSHOT          228

FIGURE 45            SHELL PLC LED LUBRICANTS MARKET IN 2024                 285

FIGURE 46            LUBRICANTS MARKET: REVENUE ANALYSIS OF KEY PLAYERS,

2020−2024 (USD MILLION)          286

FIGURE 47            LUBRICANTS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024         287

FIGURE 48            LUBRICANTS MARKET: COMPANY FOOTPRINT                 288

FIGURE 49            COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024   294

FIGURE 50            LUBRICANTS MARKET: ENTERPRISE VALUATION (EV) OF KEY PLAYERS          296

FIGURE 51            LUBRICANTS MARKET: EV/EBITDA OF KEY MANUFACTURERS           296

FIGURE 52            LUBRICANTS MARKET: PRODUCT COMPARISON OF KEY PLAYERS 297

FIGURE 53            EXXON MOBIL CORPORATION: COMPANY SNAPSHOT          309

FIGURE 54            TOTALENERGIES SE: COMPANY SNAPSHOT                 317

FIGURE 55            SHELL PLC: COMPANY SNAPSHOT           323

FIGURE 56            CHEVRON CORPORATION: COMPANY SNAPSHOT          331

FIGURE 57            BP P.L.C.: COMPANY SNAPSHOT               337

FIGURE 58            PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT          342

FIGURE 59            CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT 345

FIGURE 60            ENEOS HOLDINGS, INC.: COMPANY SNAPSHOT                 349

FIGURE 61            IDEMITSU KOSAN CO., LTD.: COMPANY SNAPSHOT          354

FIGURE 62            PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY SNAPSHOT   359