出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年4月
Lubricants Market – Global Forecast To 2029
潤滑剤市場 : 基油タイプ（鉱油潤滑剤、合成潤滑剤、バイオベース潤滑剤）、製品タイプ（エンジン油、タービン油、金属加工油、油圧作動油）、最終用途産業（輸送＆産業） – 2029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 2029
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| 図表数 | 587 |
| 価格 | |
| シングルユーザライセンス | USD 4,950 |
| マルチユーザライセンス（5名） | USD 6,650 |
| コーポレートライセンス | USD 8,150 |
| エンタープライズサイトライセンス | USD 10,000 |
| 種別 | 英文調査報告書 |
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Report Overview
In terms of value, the lubricants market is estimated to grow from USD 173.5 billion in 2024 to USD 198.4 billion by 2029, at a CAGR of 2.7%.
潤滑剤市場は 2024 年の 1,735 億米ドルから 2029 年までに 1,984 億米ドルまで、2.7% の CAGR で成長すると推定されています。
The mounting demand for high performance engines, growing demand from marine application and rise in refinery capabilities are driving the lubricants market. Also, 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.
“Engine oil was the largest product type of lubricants market, in terms of value, in 2023.”
Engine oil is the most used product type in the lubricants market, mainly due to its widespread use in the transporation and industrial end-use industry. It’s crucial for preserving engine efficiency by reducing friction, dispersing heat, and preventing wear and corrosion. Technological advancements have enhanced its formulations, making it more efficient and in-demand. With the growing production of vehicles globally and stricter emission regulations, there’s a rising need for advanced lubricants like engine oil to ensure better fuel efficiency and vehicle longevity. Overall, engine oil’s dominance is attributed to its essential role in vehicle maintenance, technological improvements, and its contribution to fuel efficiency and engine durability.
“Transportation was the largest end-use industry of lubricants market, in terms of value, in 2023.”
Transportation stands as the largest end-user industry in the lubricants market due to its extensive reliance on various lubricants for smooth operation and maintenance of vehicles. From cars and trucks to airplanes and ships, transportation vehicles require lubricants to reduce friction, prevent wear and tear, and ensure optimal performance. This demand is fueled by the continuous need for efficient and reliable transportation services across the globe, driving the growth of the lubricants market in this sector. Also, the upcoming new technologies in transportation industry requires specially designed lubrication solutions, making the transporation end-use industry a significant end-use in the market.
“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 region is expected to see significant growth in the lubricants market due to several factors. The region’s strong economic growth and rapid industrialization are driving increased demand for lubricants across various sectors like automotive, manufacturing, and construction. Additionally, investments in infrastructure development and the oil & gas industry further contribute to this growth. With the Middle East being a major oil-producing region, there’s a steady supply of base oils, a crucial ingredient in lubricant production, ensuring market stability. Moreover, the expanding automotive aftermarket and rising vehicle ownership rates in Africa add to the region’s growth potential. Overall, the Middle East & Africa’s favorable economic conditions and infrastructure investments make it a promising market for lubricants.
• By Company Type: Tier 1 – 69%, Tier 2 – 23%, and Tier 3 – 8%
• By Designation: C-Level – 23%, Director Level – 37%, and Others – 40%
• By Region: North America – 24%, Europe – 40%, Asia Pacific – 17%, South America – 7%, Middle East & Africa – 12%,
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.
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 51
1.1 STUDY OBJECTIVES 51
1.2 MARKET DEFINITION 51
1.2.1 LUBRICANTS MARKET: INCLUSIONS & EXCLUSIONS 51
1.2.2 LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY BASE OIL 52
1.2.3 LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY PRODUCT TYPE 52
1.2.4 LUBRICANTS MARKET: MARKET DEFINITIONS AND INCLUSIONS, BY END-USE INDUSTRY 53
1.3 MARKET SCOPE 53
FIGURE 1 LUBRICANTS MARKET SEGMENTATION 53
1.3.1 REGIONS COVERED 54
1.4 YEARS CONSIDERED 54
1.5 CURRENCY 55
1.6 UNITS CONSIDERED 55
1.7 STAKEHOLDERS 55
1.8 SUMMARY OF CHANGES 55
1.8.1 IMPACT OF RECESSION 56
2 RESEARCH METHODOLOGY 57
2.1 RESEARCH DATA 57
FIGURE 2 LUBRICANTS MARKET: RESEARCH DESIGN 57
2.1.1 SECONDARY DATA 58
2.1.2 PRIMARY DATA 58
2.1.2.1 Primary interviews – demand and supply sides 58
2.1.2.2 Key industry insights 59
2.1.2.3 Breakdown of primary interviews 60
2.2 MARKET SIZE ESTIMATION 60
2.2.1 BOTTOM-UP APPROACH 61
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE REVENUE OF COMPANIES 61
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS (BOTTOM-UP) 61
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE): PRODUCTS SOLD (BOTTOM UP) 62
2.3 DATA TRIANGULATION 62
FIGURE 6 LUBRICANTS MARKET: DATA TRIANGULATION 63
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS 64
2.4.1 SUPPLY SIDE 64
FIGURE 7 MARKET GROWTH PROJECTION FROM SUPPLY SIDE 64
2.4.2 DEMAND SIDE 65
FIGURE 8 MARKET GROWTH PROJECTION FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES 65
2.5 FACTOR ANALYSIS 66
2.6 IMPACT OF RECESSION 66
2.7 LIMITATIONS 67
2.8 RISK ASSESSMENT 67
TABLE 1 LUBRICANTS MARKET: RISK ASSESSMENT 67
3 EXECUTIVE SUMMARY 68
FIGURE 9 MINERAL OIL LUBRICANTS SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 68
FIGURE 10 ENGINE OIL DOMINATED OVERALL LUBRICANTS MARKET IN 2023 69
FIGURE 11 PASSENGER VEHICLE TO BE DOMINANT CONSUMER OF LUBRICANTS IN TRANSPORTATION SEGMENT 69
FIGURE 12 CONSTRUCTION TO BE LEADING END USER OF LUBRICANTS IN INDUSTRIAL SEGMENT 70
FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 71
4 PREMIUM INSIGHTS 72
4.1 ATTRACTIVE OPPORTUNITIES IN LUBRICANTS MARKET 72
FIGURE 14 LUBRICANTS MARKET TO WITNESS STEADY GROWTH DURING FORECAST PERIOD 72
4.2 ASIA PACIFIC LUBRICANTS MARKET, BY BASE OIL AND COUNTRY 72
FIGURE 15 CHINA LED ASIA PACIFIC LUBRICANTS MARKET IN 2023 72
4.3 LUBRICANTS MARKET, BY REGION 73
FIGURE 16 ASIA PACIFIC TO BE LARGEST MARKET FOR LUBRICANTS DURING FORECAST PERIOD 73
4.4 LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY V/S REGION, 2023 73
FIGURE 17 TRANSPORTATION ACCOUNTED FOR LARGER MARKET SHARE IN 2023 73
4.5 LUBRICANTS MARKET ATTRACTIVENESS 74
FIGURE 18 CHINA PROJECTED TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 74
5 MARKET OVERVIEW 75
5.1 INTRODUCTION 75
5.2 MARKET DYNAMICS 75
FIGURE 19 FACTORS GOVERNING LUBRICANTS MARKET 75
5.2.1 DRIVERS 76
5.2.1.1 Growing demand for high-performance engines and rising awareness about oil change 76
5.2.1.2 Increase in supply of Group II and Group III base oil 76
5.2.1.3 Emission and fuel efficiency norms fueling demand in emerging markets 76
TABLE 2 IMPLEMENTATION OF EMISSION STANDARDS FOR LIGHT-DUTY VEHICLES IN CHINA 77
5.2.1.4 Growing demand from mining, construction, agriculture, and marine industries 77
5.2.2 RESTRAINTS 78
5.2.2.1 Shift toward synthetic lubricants reducing overall demand for lubricants 78
5.2.2.2 Rising demand for electric vehicles and reducing price of battery 78
FIGURE 20 GOVERNMENT TARGETS FOR ELECTRIC VEHICLES 79
5.2.3 OPPORTUNITIES 79
5.2.3.1 Leveraging e-commerce industry to increase customer reach 79
5.2.3.2 Increasing demand for renewable energy 80
5.2.3.3 Growth in demand for bio-based lubricants 80
5.2.4 CHALLENGES 80
5.2.4.1 Stringent environmental norms and continuous reforms by governments 80
5.2.4.2 Volatile raw material prices 81
TABLE 3 CRUDE OIL PRICE TREND (2019−2022) 81
5.3 PORTER’S FIVE FORCES ANALYSIS 82
FIGURE 21 LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS 82
5.3.1 THREAT OF SUBSTITUTES 82
5.3.2 THREAT OF NEW ENTRANTS 83
5.3.3 BARGAINING POWER OF SUPPLIERS 83
5.3.4 BARGAINING POWER OF BUYERS 83
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 83
TABLE 4 LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS 84
5.4 MACROECONOMIC INDICATORS 84
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES 84
TABLE 5 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES, 2020–2028 (USD BILLION) 84
6 INDUSTRY TRENDS 86
6.1 KEY STAKEHOLDERS AND BUYING CRITERIA 86
6.1.1 KEY STAKEHOLDERS IN BUYING PROCESS 86
FIGURE 22 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (TRANSPORTATION) 86
TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%) (TRANSPORTATION) 86
6.1.2 BUYING CRITERIA 87
FIGURE 23 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES (TRANSPORTATION) 87
TABLE 7 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES (TRANSPORTATION) 87
6.2 SUPPLY CHAIN ANALYSIS 88
FIGURE 24 LUBRICANTS MARKET: SUPPLY CHAIN ANALYSIS 88
6.2.1 RAW MATERIALS SUPPLIER 88
6.2.2 MANUFACTURER 88
6.2.3 DISTRIBUTION NETWORK 89
6.2.4 END-USE INDUSTRIES 89
6.3 ECOSYSTEM ANALYSIS 89
FIGURE 25 LUBRICANTS MARKET: ECOSYSTEM ANALYSIS 89
TABLE 8 LUBRICANTS MARKET: ROLE IN ECOSYSTEM 90
6.4 CASE STUDY ANALYSIS 91
6.4.1 A CASE STUDY ON COMPRESSOR LUBRICANT 91
6.4.2 A CASE STUDY ON SYNTHETIC LUBRICANT 92
6.4.3 A CASE STUDY ON HYDRAULIC FLUIDS 92
6.4.4 A CASE STUDY ON COMPRESSOR OIL 92
6.5 REGULATORY LANDSCAPE 92
TABLE 9 NORTH AMERICA: REGULATIONS FOR LUBRICANTS 92
TABLE 10 EUROPE: REGULATIONS FOR LUBRICANTS 93
TABLE 11 ASIA PACIFIC: REGULATIONS FOR LUBRICANTS 94
TABLE 12 MIDDLE EAST & AFRICA: REGULATIONS FOR LUBRICANTS 94
TABLE 13 SOUTH AMERICA: REGULATIONS FOR LUBRICANTS 95
6.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
6.6 TECHNOLOGY ANALYSIS 96
6.6.1 KEY TECHNOLOGIES 96
6.6.1.1 Re-refining technology 96
6.6.1.2 SO2 scrubbing system technology 96
6.6.2 COMPLEMENTARY TECHNOLOGIES 96
6.6.2.1 Nanotechnology in lubricants 96
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 97
6.7.1 REVENUE SHIFT AND NEW REVENUE POCKETS IN LUBRICANTS MARKET 97
FIGURE 26 LUBRICANTS MARKET: FUTURE REVENUE MIX 97
6.8 TRADE DATA STATISTICS 97
6.8.1 IMPORT DATA 97
FIGURE 27 LUBRICANTS IMPORT, BY KEY COUNTRIES (2018–2022) 98
TABLE 14 IMPORT OF LUBRICANTS, BY REGION, 2018–2022 (USD BILLION) 98
6.8.2 EXPORT DATA 99
FIGURE 28 LUBRICANTS EXPORT, BY KEY COUNTRIES (2018–2022) 99
TABLE 15 EXPORT OF LUBRICANTS, BY REGION, 2018–2022 (USD BILLION) 100
6.9 KEY CONFERENCES & EVENTS 100
TABLE 16 LUBRICANTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025 100
6.10 PRICING ANALYSIS 101
6.10.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BASE OIL 101
FIGURE 29 AVERAGE SELLING PRICE TREND OF KEY PLAYERS FOR TOP THREE BASE OIL 101
TABLE 17 AVERAGE SELLING PRICE TREND OF KEY PLAYERS FOR TOP THREE BASE OIL (USD/KG) 102
6.10.2 AVERAGE SELLING PRICE TREND, BY REGION 102
FIGURE 30 AVERAGE SELLING PRICE TREND OF LUBRICANTS, BY REGION 102
TABLE 18 AVERAGE SELLING PRICE TREND OF LUBRICANTS, BY REGION, 2022–2029 (USD/KG) 103
6.11 INVESTMENT AND FUNDING SCENARIO 103
6.12 PATENT ANALYSIS 104
6.12.1 APPROACH 104
6.12.2 DOCUMENT TYPE 104
TABLE 19 PATENT STATUS: PATENT APPLICATIONS, LIMITED PATENTS, AND GRANTED PATENTS 104
FIGURE 31 PATENTS REGISTERED, 2012–2023 104
FIGURE 32 LIST OF MAJOR PATENTS FOR LUBRICANTS 105
TABLE 20 MAJOR PATENTS FOR LUBRICANTS 106
6.12.3 TOP APPLICANTS 107
TABLE 21 PATENTS BY BASF SE 107
TABLE 22 PATENTS BY DOW INC. 109
TABLE 23 TOP 10 PATENT OWNERS IN US, 2012–2023 109
FIGURE 33 LEGAL STATUS OF PATENTS FILED IN LUBRICANTS MARKET 110
6.12.4 JURISDICTION ANALYSIS 110
FIGURE 34 MAXIMUM PATENTS FILED IN JURISDICTION OF US 110
7 LUBRICANTS MARKET, BY BASE OIL 111
7.1 INTRODUCTION 112
TABLE 24 CATEGORY OF BASE OILS 112
FIGURE 35 MINERAL OIL LUBRICANTS TO DOMINATE GLOBAL LUBRICANTS MARKET DURING FORECAST PERIOD 113
TABLE 25 LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 113
TABLE 26 LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 113
TABLE 27 LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 114
TABLE 28 LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 114
7.2 MINERAL OIL LUBRICANTS 114
7.2.1 GROWING EMPHASIS ON PREMIUM GRADE TO DRIVE MARKET 114
TABLE 29 MINERAL OIL LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 115
TABLE 30 MINERAL OIL LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 115
TABLE 31 MINERAL OIL LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 116
TABLE 32 MINERAL OIL LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 116
7.3 SYNTHETIC LUBRICANTS 116
7.3.1 GROWTH IN GLOBAL ACCEPTANCE RATE TO DRIVE MARKET 116
FIGURE 36 FACTORS AFFECTING GLOBAL SYNTHETIC LUBRICANTS MARKET 117
TABLE 33 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 117
TABLE 34 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 118
TABLE 35 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 118
TABLE 36 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 118
7.3.2 PAO 119
7.3.3 PAG 119
7.3.4 ESTERS 119
7.3.5 GROUP III (HYDROCRACKING) 119
7.4 BIO-BASED LUBRICANTS 119
7.4.1 HARMFUL EFFECTS OF CONVENTIONAL LUBRICANTS ON ENVIRONMENT TO DRIVE MARKET 119
TABLE 37 BIO-BASED LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 120
TABLE 38 BIO-BASED LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 120
TABLE 39 BIO-BASED LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 121
TABLE 40 BIO-BASED LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 121
8 LUBRICANTS MARKET, BY END-USE INDUSTRY 122
8.1 INTRODUCTION 123
TABLE 41 LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 123
TABLE 42 LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 124
TABLE 43 LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 125
TABLE 44 LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 126
8.2 TRANSPORTATION 126
FIGURE 37 PASSENGER VEHICLE TO BE LARGEST END USER IN TRANSPORTATION INDUSTRY 127
8.2.1 COMMERCIAL VEHICLE 127
8.2.1.1 Increasing demand for compressor oils to drive market 127
TABLE 45 COMMERCIAL VEHICLE: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 128
TABLE 46 COMMERCIAL VEHICLE: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 128
TABLE 47 COMMERCIAL VEHICLE: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 128
TABLE 48 COMMERCIAL VEHICLE: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 129
8.2.2 PASSENGER VEHICLE 129
8.2.2.1 Economic development and rising spending power to drive market 129
TABLE 49 PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 129
TABLE 50 PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 130
TABLE 51 PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 130
TABLE 52 PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 130
TABLE 53 PASSENGER VEHICLE: LUBRICANTS MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 131
TABLE 54 PASSENGER VEHICLE: LUBRICANTS MARKET, BY VEHICLE TYPE, 2023–2029 (USD MILLION) 131
TABLE 55 PASSENGER VEHICLE: LUBRICANTS MARKET, BY VEHICLE TYPE, 2018–2022 (KILOTON) 131
TABLE 56 PASSENGER VEHICLE: LUBRICANTS MARKET, BY VEHICLE TYPE, 2023–2029 (KILOTON) 131
8.2.2.2 4-Wheeler 132
TABLE 57 4-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 132
TABLE 58 4-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 132
TABLE 59 4-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 133
TABLE 60 4-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 133
8.2.2.3 2-Wheeler 133
TABLE 61 2-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 134
TABLE 62 2-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 134
TABLE 63 2-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 135
TABLE 64 2-WHEELER PASSENGER VEHICLE: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 135
8.2.3 AVIATION 135
8.2.3.1 Increasing living standards and decreasing airfare to drive market 135
TABLE 65 AVIATION: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 136
TABLE 66 AVIATION: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 136
TABLE 67 AVIATION: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 136
TABLE 68 AVIATION: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 137
8.2.4 MARINE 137
8.2.4.1 Growth in overseas business to drive market 137
TABLE 69 MARINE: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 137
TABLE 70 MARINE: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 138
TABLE 71 MARINE: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 138
TABLE 72 MARINE: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 138
8.2.5 RAILWAYS 139
8.2.5.1 Europe to be fastest-growing market in railways end-use segment 139
TABLE 73 RAILWAYS: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 139
TABLE 74 RAILWAYS: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 139
TABLE 75 RAILWAYS: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 140
TABLE 76 RAILWAYS: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 140
8.3 INDUSTRIAL 140
FIGURE 38 CONSTRUCTION TO BE LARGEST END USER IN INDUSTRIAL SECTOR DURING FORECAST PERIOD 141
8.3.1 CONSTRUCTION 141
8.3.1.1 Increased government investments in infrastructure projects to drive market 141
TABLE 77 CONSTRUCTION: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 141
TABLE 78 CONSTRUCTION: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 142
TABLE 79 CONSTRUCTION: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 142
TABLE 80 CONSTRUCTION: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 142
8.3.2 METAL & MINING 143
8.3.2.1 Increasing consumption in steel production plants to drive market 143
TABLE 81 METAL & MINING: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 143
TABLE 82 METAL & MINING: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 143
TABLE 83 METAL & MINING: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 144
TABLE 84 METAL & MINING: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 144
8.3.3 CEMENT PRODUCTION 144
8.3.3.1 Growing construction activities to drive market 144
TABLE 85 CEMENT PRODUCTION: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 145
TABLE 86 CEMENT PRODUCTION: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 145
TABLE 87 CEMENT PRODUCTION: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 145
TABLE 88 CEMENT PRODUCTION: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 146
8.3.4 POWER GENERATION 146
8.3.4.1 Rising awareness about renewable sources for power generation to drive market 146
TABLE 89 POWER GENERATION: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 146
TABLE 90 POWER GENERATION: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 147
TABLE 91 POWER GENERATION: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 147
TABLE 92 POWER GENERATION: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 147
8.3.5 AUTOMOTIVE MANUFACTURING 148
8.3.5.1 Growing demand for automobiles in developing countries to drive market 148
TABLE 93 AUTOMOTIVE MANUFACTURING: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 148
TABLE 94 AUTOMOTIVE MANUFACTURING: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 148
TABLE 95 AUTOMOTIVE MANUFACTURING: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 149
TABLE 96 AUTOMOTIVE MANUFACTURING: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 149
8.3.6 CHEMICAL 149
8.3.6.1 Rising demand for fertilizers to drive market 149
TABLE 97 CHEMICAL: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 150
TABLE 98 CHEMICAL: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 150
TABLE 99 CHEMICAL: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 150
TABLE 100 CHEMICAL: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 151
8.3.7 OIL & GAS 151
8.3.7.1 Need for long-term stability and smooth functioning of machinery to drive market 151
TABLE 101 OIL & GAS: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 151
TABLE 102 OIL & GAS: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 152
TABLE 103 OIL & GAS: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 152
TABLE 104 OIL & GAS: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 152
8.3.8 TEXTILE 153
8.3.8.1 Revolutionizing textile production with advanced solutions to drive market 153
TABLE 105 TEXTILE: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 153
TABLE 106 TEXTILE: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 153
TABLE 107 TEXTILE: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 154
TABLE 108 TEXTILE: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 154
8.3.9 FOOD PROCESSING 154
8.3.9.1 Growing awareness about safe food products to drive market 154
TABLE 109 FOOD PROCESSING: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 155
TABLE 110 FOOD PROCESSING: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 155
TABLE 111 FOOD PROCESSING: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 155
TABLE 112 FOOD PROCESSING: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 156
8.3.10 OTHERS 156
TABLE 113 OTHERS: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 156
TABLE 114 OTHERS: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 157
TABLE 115 OTHERS: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 157
TABLE 116 OTHERS: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 157
9 LUBRICANTS MARKET, BY PRODUCT TYPE 158
9.1 INTRODUCTION 159
FIGURE 39 ENGINE OIL TO DOMINATE MARKET DURING FORECAST PERIOD 159
TABLE 117 LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 159
TABLE 118 LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 160
TABLE 119 LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 160
TABLE 120 LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 161
9.2 ENGINE OIL 161
9.2.1 INCREASING DEMAND FOR PREMIUM PRODUCTS WITH LOW SULFUR CONTENT TO DRIVE MARKET 161
TABLE 121 ENGINE OIL: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 162
TABLE 122 ENGINE OIL: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 162
TABLE 123 ENGINE OIL: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 162
TABLE 124 ENGINE OIL: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 163
9.3 HYDRAULIC OIL 163
9.3.1 GROWING CONSTRUCTION SECTOR TO DRIVE DEMAND 163
TABLE 125 HYDRAULIC OIL: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 163
TABLE 126 HYDRAULIC OIL: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 164
TABLE 127 HYDRAULIC OIL: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 164
TABLE 128 HYDRAULIC OIL: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 164
9.3.2 HL HYDRAULIC FLUID 165
9.3.3 HLP HYDRAULIC FLUID 165
9.3.4 HLP-D HYDRAULIC FLUID 165
9.3.5 FIRE-RESISTANT HYDRAULIC FLUID 165
9.4 METALWORKING FLUID 165
9.4.1 GROWING STEEL INDUSTRY TO SUPPORT MARKET GROWTH 165
TABLE 129 METALWORKING FLUID: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 166
TABLE 130 METALWORKING FLUID: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 166
TABLE 131 METALWORKING FLUID: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 166
TABLE 132 METALWORKING FLUID: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 167
9.4.2 REMOVAL METALWORKING FLUID 167
9.4.3 PROTECTING METALWORKING FLUID 167
9.4.4 FORMING METALWORKING FLUID 167
9.4.5 TREATING METALWORKING FLUID 167
9.5 GEAR OIL 168
9.5.1 TECHNOLOGICAL ADVANCEMENTS IN MECHATRONICS TO DRIVE MARKET 168
TABLE 133 GEAR OIL: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 168
TABLE 134 GEAR OIL: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 168
TABLE 135 GEAR OIL: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 169
TABLE 136 GEAR OIL: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 169
9.5.2 RUST & CORROSION INHIBITED GEAR OIL 169
9.5.3 COMPOUNDED GEAR OIL 169
9.5.4 EXTREME PRESSURE GEAR OIL 169
9.6 COMPRESSOR OIL 170
9.6.1 INCREASING DEMAND FOR REFRIGERATION AND AIR-CONDITIONING SYSTEMS TO DRIVE MARKET 170
TABLE 137 COMPRESSOR OIL: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 170
TABLE 138 COMPRESSOR OIL: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 170
TABLE 139 COMPRESSOR OIL: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 171
TABLE 140 COMPRESSOR OIL: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 171
9.7 GREASE 171
9.7.1 GROWING MINING, CONSTRUCTION, AND TRANSPORT INDUSTRIES TO DRIVE MARKET 171
TABLE 141 GREASE: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 172
TABLE 142 GREASE: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 172
TABLE 143 GREASE: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 172
TABLE 144 GREASE: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 173
9.7.2 METALLIC SOAP THICKENER 173
9.7.2.1 Lithium 173
9.7.2.2 Calcium 173
9.7.2.3 Aluminum 173
9.7.2.4 Sodium 173
9.7.2.5 Other metallic soaps 174
9.7.3 NON-SOAP THICKENER 174
9.7.4 INORGANIC THICKENER 174
9.7.4.1 Clay 174
9.7.4.2 Silica 174
9.7.5 OTHER THICKENERS 174
9.8 TURBINE OIL 174
9.8.1 GROWING POWER GENERATION SECTOR TO FUEL DEMAND 174
TABLE 145 TURBINE OIL: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 175
TABLE 146 TURBINE OIL: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 175
TABLE 147 TURBINE OIL: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 176
TABLE 148 TURBINE OIL: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 176
9.9 OTHER PRODUCT TYPES 176
9.9.1 TRANSFORMER OIL 176
9.9.2 REFRIGERATION OIL 177
9.9.3 TEXTILE MACHINERY LUBRICANTS 177
TABLE 149 OTHER PRODUCT TYPES: LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 177
TABLE 150 OTHER PRODUCT TYPES: LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 177
TABLE 151 OTHER PRODUCT TYPES: LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 178
TABLE 152 OTHER PRODUCT TYPES: LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 178
10 LUBRICANTS MARKET, BY REGION 179
10.1 INTRODUCTION 180
FIGURE 40 ASIA PACIFIC TO BE LARGEST MARKET FOR LUBRICANTS DURING FORECAST PERIOD 180
TABLE 153 LUBRICANTS MARKET, BY REGION, 2018–2022 (USD MILLION) 180
TABLE 154 LUBRICANTS MARKET, BY REGION, 2023–2029 (USD MILLION) 181
TABLE 155 LUBRICANTS MARKET, BY REGION, 2018–2022 (KILOTON) 181
TABLE 156 LUBRICANTS MARKET, BY REGION, 2023–2029 (KILOTON) 182
10.2 ASIA PACIFIC 182
FIGURE 41 ASIA PACIFIC: LUBRICANTS MARKET SNAPSHOT 183
10.2.1 RECESSION IMPACT 183
10.2.2 ASIA PACIFIC LUBRICANTS MARKET, BY BASE OIL 184
TABLE 157 ASIA PACIFIC: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 184
TABLE 158 ASIA PACIFIC: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 184
TABLE 159 ASIA PACIFIC: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 184
TABLE 160 ASIA PACIFIC: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 185
10.2.3 ASIA PACIFIC LUBRICANTS MARKET, BY PRODUCT TYPE 185
TABLE 161 ASIA PACIFIC: LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 185
TABLE 162 ASIA PACIFIC: LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 186
TABLE 163 ASIA PACIFIC: LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 186
TABLE 164 ASIA PACIFIC: LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 187
10.2.4 ASIA PACIFIC LUBRICANTS MARKET, BY END-USE INDUSTRY 187
TABLE 165 ASIA PACIFIC: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 187
TABLE 166 ASIA PACIFIC: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 188
TABLE 167 ASIA PACIFIC: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 189
TABLE 168 ASIA PACIFIC: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 190
TABLE 169 ASIA PACIFIC: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 190
TABLE 170 ASIA PACIFIC: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2023–2029 (USD MILLION) 191
TABLE 171 ASIA PACIFIC: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2018–2022 (KILOTON) 191
TABLE 172 ASIA PACIFIC: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2023–2029 (KILOTON) 191
10.2.5 ASIA PACIFIC LUBRICANTS MARKET, BY COUNTRY 192
TABLE 173 ASIA PACIFIC: LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 192
TABLE 174 ASIA PACIFIC: LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 192
TABLE 175 ASIA PACIFIC: LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 193
TABLE 176 ASIA PACIFIC: LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON) 193
10.2.5.1 China 194
10.2.5.1.1 Increasing population and rapid industrialization to drive market 194
TABLE 177 CHINA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 194
TABLE 178 CHINA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 194
TABLE 179 CHINA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 195
TABLE 180 CHINA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 195
TABLE 181 CHINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 195
TABLE 182 CHINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 196
TABLE 183 CHINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 196
TABLE 184 CHINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 197
10.2.5.2 Japan 197
10.2.5.2.1 Government’s fiscal support and technology development to drive market 197
TABLE 185 JAPAN: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 197
TABLE 186 JAPAN: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 198
TABLE 187 JAPAN: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 198
TABLE 188 JAPAN: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 198
TABLE 189 JAPAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 199
TABLE 190 JAPAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 199
TABLE 191 JAPAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 200
TABLE 192 JAPAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 200
10.2.5.3 India 200
10.2.5.3.1 Rapid urbanization and population growth to drive market 200
TABLE 193 INDIA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 201
TABLE 194 INDIA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 201
TABLE 195 INDIA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 201
TABLE 196 INDIA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 202
TABLE 197 INDIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 202
TABLE 198 INDIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 202
TABLE 199 INDIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 203
TABLE 200 INDIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 203
10.2.5.4 South Korea 203
10.2.5.4.1 Increasing demand from transportation applications to drive synthetic lubricants market 203
TABLE 201 SOUTH KOREA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 204
TABLE 202 SOUTH KOREA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 204
TABLE 203 SOUTH KOREA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 204
TABLE 204 SOUTH KOREA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 204
TABLE 205 SOUTH KOREA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 205
TABLE 206 SOUTH KOREA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 205
TABLE 207 SOUTH KOREA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 206
TABLE 208 SOUTH KOREA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 206
10.2.5.5 Indonesia 206
10.2.5.5.1 Rising oil production to drive market 206
TABLE 209 INDONESIA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 207
TABLE 210 INDONESIA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 207
TABLE 211 INDONESIA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 207
TABLE 212 INDONESIA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 208
TABLE 213 INDONESIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 208
TABLE 214 INDONESIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 208
TABLE 215 INDONESIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 209
TABLE 216 INDONESIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 209
10.2.5.6 Thailand 209
10.2.5.6.1 Increasing production of automotive parts to drive market 209
TABLE 217 THAILAND: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 210
TABLE 218 THAILAND: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 210
TABLE 219 THAILAND: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 210
TABLE 220 THAILAND: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 211
TABLE 221 THAILAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 211
TABLE 222 THAILAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 211
TABLE 223 THAILAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 212
TABLE 224 THAILAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 212
10.2.5.7 Australia & New Zealand 212
10.2.5.7.1 Growing mining industry to drive market 212
TABLE 225 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 213
TABLE 226 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 213
TABLE 227 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 213
TABLE 228 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 214
TABLE 229 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 214
TABLE 230 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 214
TABLE 231 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 215
TABLE 232 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 215
10.3 EUROPE 216
FIGURE 42 EUROPE: LUBRICANTS MARKET SNAPSHOT 216
10.3.1 RECESSION IMPACT 217
10.3.2 EUROPE LUBRICANTS MARKET, BY BASE OIL 217
TABLE 233 EUROPE: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 217
TABLE 234 EUROPE: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 217
TABLE 235 EUROPE: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 218
TABLE 236 EUROPE: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 218
10.3.3 EUROPE LUBRICANTS MARKET, BY PRODUCT TYPE 218
TABLE 237 EUROPE: LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 218
TABLE 238 EUROPE: LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 219
TABLE 239 EUROPE: LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 219
TABLE 240 EUROPE: LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 220
10.3.4 EUROPE LUBRICANTS MARKET, BY END-USE INDUSTRY 220
TABLE 241 EUROPE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 220
TABLE 242 EUROPE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 221
TABLE 243 EUROPE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 222
TABLE 244 EUROPE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 222
TABLE 245 EUROPE: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 223
TABLE 246 EUROPE: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2023–2029 (USD MILLION) 223
TABLE 247 EUROPE: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2018–2022 (KILOTON) 223
TABLE 248 EUROPE: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2023–2029 (KILOTON) 224
10.3.5 EUROPE LUBRICANTS MARKET, BY COUNTRY 224
TABLE 249 EUROPE: LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 224
TABLE 250 EUROPE: LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 224
TABLE 251 EUROPE: LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 225
TABLE 252 EUROPE: LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON) 225
10.3.5.1 Germany 226
10.3.5.1.1 Growing industrial activities to drive market 226
TABLE 253 GERMANY: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 226
TABLE 254 GERMANY: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 226
TABLE 255 GERMANY: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 227
TABLE 256 GERMANY: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 227
TABLE 257 GERMANY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 227
TABLE 258 GERMANY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 228
TABLE 259 GERMANY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 228
TABLE 260 GERMANY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 229
10.3.5.2 Russia 229
10.3.5.2.1 Growing middle-class population and low fuel prices to drive market 229
TABLE 261 RUSSIA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 229
TABLE 262 RUSSIA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 230
TABLE 263 RUSSIA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 230
TABLE 264 RUSSIA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 230
TABLE 265 RUSSIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 231
TABLE 266 RUSSIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 231
TABLE 267 RUSSIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 232
TABLE 268 RUSSIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 232
10.3.5.3 Italy 232
10.3.5.3.1 Growth in manufacturing industry to drive market 232
TABLE 269 ITALY: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 233
TABLE 270 ITALY: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 233
TABLE 271 ITALY: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 233
TABLE 272 ITALY: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 234
TABLE 273 ITALY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 234
TABLE 274 ITALY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 234
TABLE 275 ITALY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 235
TABLE 276 ITALY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 235
10.3.5.4 France 235
10.3.5.4.1 Rising spending power to drive market 235
TABLE 277 FRANCE: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 236
TABLE 278 FRANCE: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 236
TABLE 279 FRANCE: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 236
TABLE 280 FRANCE: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 237
TABLE 281 FRANCE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 237
TABLE 282 FRANCE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 237
TABLE 283 FRANCE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 238
TABLE 284 FRANCE: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 238
10.3.5.5 Spain 238
10.3.5.5.1 Automotive sector to drive market growth 238
TABLE 285 SPAIN: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 239
TABLE 286 SPAIN: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 239
TABLE 287 SPAIN: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 239
TABLE 288 SPAIN: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 240
TABLE 289 SPAIN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 240
TABLE 290 SPAIN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 240
TABLE 291 SPAIN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 241
TABLE 292 SPAIN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 241
10.3.5.6 UK 241
10.3.5.6.1 Increasing R&D activities to drive market 241
TABLE 293 UK: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 242
TABLE 294 UK: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 242
TABLE 295 UK: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 242
TABLE 296 UK: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 243
TABLE 297 UK: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 243
TABLE 298 UK: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 243
TABLE 299 UK: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 244
TABLE 300 UK: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 244
10.3.5.7 Turkey 245
10.3.5.7.1 Increasing automotive sales to drive market 245
TABLE 301 TURKEY: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 245
TABLE 302 TURKEY: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 245
TABLE 303 TURKEY: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 246
TABLE 304 TURKEY: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 246
TABLE 305 TURKEY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 246
TABLE 306 TURKEY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 247
TABLE 307 TURKEY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 247
TABLE 308 TURKEY: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 248
10.4 NORTH AMERICA 248
FIGURE 43 NORTH AMERICA: LUBRICANTS MARKET SNAPSHOT 249
10.4.1 RECESSION IMPACT 249
10.4.2 NORTH AMERICA LUBRICANTS MARKET, BY BASE OIL 250
TABLE 309 NORTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 250
TABLE 310 NORTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 250
TABLE 311 NORTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 250
TABLE 312 NORTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 251
10.4.3 NORTH AMERICA LUBRICANTS MARKET, BY PRODUCT TYPE 251
TABLE 313 NORTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 251
TABLE 314 NORTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 252
TABLE 315 NORTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 252
TABLE 316 NORTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 253
10.4.4 NORTH AMERICA LUBRICANTS MARKET, BY END-USE INDUSTRY 253
TABLE 317 NORTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 253
TABLE 318 NORTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 254
TABLE 319 NORTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 255
TABLE 320 NORTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 256
TABLE 321 NORTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 256
TABLE 322 NORTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2023–2029 (USD MILLION) 257
TABLE 323 NORTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2018–2022 (KILOTON) 257
TABLE 324 NORTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2023–2029 (KILOTON) 257
10.4.5 NORTH AMERICA LUBRICANTS MARKET, BY COUNTRY 258
TABLE 325 NORTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 258
TABLE 326 NORTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 258
TABLE 327 NORTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 258
TABLE 328 NORTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON) 259
10.4.5.1 US 259
10.4.5.1.1 Strong industrial infrastructure and increasing environmental awareness to drive market 259
TABLE 329 US: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 259
TABLE 330 US: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 259
TABLE 331 US: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 260
TABLE 332 US: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 260
TABLE 333 US: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 260
TABLE 334 US: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 261
TABLE 335 US: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 261
TABLE 336 US: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 262
10.4.5.2 Canada 262
10.4.5.2.1 Growing automotive industry to drive market 262
TABLE 337 CANADA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 262
TABLE 338 CANADA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 263
TABLE 339 CANADA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 263
TABLE 340 CANADA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 263
TABLE 341 CANADA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 264
TABLE 342 CANADA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 264
TABLE 343 CANADA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 265
TABLE 344 CANADA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 265
10.4.5.3 Mexico 265
10.4.5.3.1 Growing power generation and manufacturing sectors to drive market 265
TABLE 345 MEXICO: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 266
TABLE 346 MEXICO: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 266
TABLE 347 MEXICO: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 266
TABLE 348 MEXICO: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 267
TABLE 349 MEXICO: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 267
TABLE 350 MEXICO: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 267
TABLE 351 MEXICO: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 268
TABLE 352 MEXICO: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 268
10.5 MIDDLE EAST & AFRICA 269
10.5.1 RECESSION IMPACT 269
10.5.2 MIDDLE EAST & AFRICA LUBRICANTS MARKET, BY BASE OIL 269
TABLE 353 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 269
TABLE 354 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 270
TABLE 355 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 270
TABLE 356 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 270
10.5.3 MIDDLE EAST & AFRICA LUBRICANTS MARKET, BY PRODUCT TYPE 271
TABLE 357 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 271
TABLE 358 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 271
TABLE 359 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 272
TABLE 360 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 272
10.5.4 MIDDLE EAST & AFRICA LUBRICANTS MARKET, BY END-USE INDUSTRY 273
TABLE 361 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 273
TABLE 362 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 274
TABLE 363 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 275
TABLE 364 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 276
TABLE 365 MIDDLE EAST & AFRICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 276
TABLE 366 MIDDLE EAST & AFRICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2023–2029 (USD MILLION) 277
TABLE 367 MIDDLE EAST & AFRICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2018–2022 (KILOTON) 277
TABLE 368 MIDDLE EAST & AFRICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2023–2029 (KILOTON) 277
10.5.5 MIDDLE EAST & AFRICA LUBRICANTS MARKET, BY COUNTRY 278
TABLE 369 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 278
TABLE 370 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 278
TABLE 371 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 279
TABLE 372 MIDDLE EAST & AFRICA: LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON) 279
10.5.5.1 GCC 279
10.5.5.1.1 Saudi Arabia 280
10.5.5.1.1.1 Growing oil & gas sector to drive market 280
TABLE 373 SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 280
TABLE 374 SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 280
TABLE 375 SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 281
TABLE 376 SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 281
TABLE 377 SAUDI ARABIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 281
TABLE 378 SAUDI ARABIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 282
TABLE 379 SAUDI ARABIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 282
TABLE 380 SAUDI ARABIA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 283
10.5.5.2 Iran 283
10.5.5.2.1 Rapid increase in industrial sectors to drive market 283
TABLE 381 IRAN: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 283
TABLE 382 IRAN: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 284
TABLE 383 IRAN: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 284
TABLE 384 IRAN: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 284
TABLE 385 IRAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 285
TABLE 386 IRAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 285
TABLE 387 IRAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 286
TABLE 388 IRAN: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 286
10.5.5.3 South Africa 286
10.5.5.3.1 Rapid growth in automotive, industrial, and consumer goods to drive market 286
TABLE 389 SOUTH AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 287
TABLE 390 SOUTH AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 287
TABLE 391 SOUTH AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 287
TABLE 392 SOUTH AFRICA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 288
TABLE 393 SOUTH AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 288
TABLE 394 SOUTH AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 288
TABLE 395 SOUTH AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 289
TABLE 396 SOUTH AFRICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 289
10.6 SOUTH AMERICA 290
10.6.1 RECESSION IMPACT 290
10.6.2 SOUTH AMERICA LUBRICANTS MARKET, BY BASE OIL 290
TABLE 397 SOUTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 290
TABLE 398 SOUTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 291
TABLE 399 SOUTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 291
TABLE 400 SOUTH AMERICA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 291
10.6.3 SOUTH AMERICA LUBRICANTS MARKET, BY PRODUCT TYPE 292
TABLE 401 SOUTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 292
TABLE 402 SOUTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (USD MILLION) 292
TABLE 403 SOUTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 293
TABLE 404 SOUTH AMERICA: LUBRICANTS MARKET, BY PRODUCT TYPE, 2023–2029 (KILOTON) 293
10.6.4 SOUTH AMERICA LUBRICANTS MARKET, BY END-USE INDUSTRY 294
TABLE 405 SOUTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 294
TABLE 406 SOUTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 295
TABLE 407 SOUTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 296
TABLE 408 SOUTH AMERICA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 297
TABLE 409 SOUTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 297
TABLE 410 SOUTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2023–2029 (USD MILLION) 298
TABLE 411 SOUTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2018–2022 (KILOTON) 298
TABLE 412 SOUTH AMERICA: LUBRICANTS MARKET IN PASSENGER VEHICLE, BY VEHICLE TYPE, 2023–2029 (KILOTON) 298
10.6.5 SOUTH AMERICA LUBRICANTS MARKET, BY COUNTRY 299
TABLE 413 SOUTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 299
TABLE 414 SOUTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 299
TABLE 415 SOUTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 299
TABLE 416 SOUTH AMERICA: LUBRICANTS MARKET, BY COUNTRY, 2023–2029 (KILOTON) 300
10.6.5.1 Brazil 300
10.6.5.1.1 Significant investments in manufacturing industry to drive market 300
TABLE 417 BRAZIL: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 300
TABLE 418 BRAZIL: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 300
TABLE 419 BRAZIL: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 301
TABLE 420 BRAZIL: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 301
TABLE 421 BRAZIL: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 301
TABLE 422 BRAZIL: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 302
TABLE 423 BRAZIL: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 302
TABLE 424 BRAZIL: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 303
10.6.5.2 Argentina 303
10.6.5.2.1 Developing mining industry to drive market 303
TABLE 425 ARGENTINA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (USD MILLION) 303
TABLE 426 ARGENTINA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (USD MILLION) 304
TABLE 427 ARGENTINA: LUBRICANTS MARKET, BY BASE OIL, 2018–2022 (KILOTON) 304
TABLE 428 ARGENTINA: LUBRICANTS MARKET, BY BASE OIL, 2023–2029 (KILOTON) 304
TABLE 429 ARGENTINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 305
TABLE 430 ARGENTINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 305
TABLE 431 ARGENTINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 306
TABLE 432 ARGENTINA: LUBRICANTS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON) 306
11 COMPETITIVE LANDSCAPE 307
11.1 INTRODUCTION 307
11.2 KEY PLAYERS’ STRATEGIES 307
TABLE 433 OVERVIEW OF STRATEGIES ADOPTED BY KEY LUBRICANT MANUFACTURERS 307
11.3 MARKET SHARE ANALYSIS 309
TABLE 434 LUBRICANTS MARKET: DEGREE OF COMPETITION 309
FIGURE 44 SHELL PLC LED LUBRICANTS MARKET IN 2023 309
11.3.1 RANKING OF KEY MARKET PLAYERS 311
FIGURE 45 RANKING OF MAJOR PLAYERS IN LUBRICANTS MARKET, 2023 311
11.4 REVENUE ANALYSIS OF MAJOR PLAYERS 312
FIGURE 46 REVENUE ANALYSIS OF KEY COMPANIES (2019−2023) 312
11.5 COMPANY EVALUATION MATRIX: LUBRICANTS MARKET, 2023 312
11.5.1 STARS 312
11.5.2 EMERGING LEADERS 312
11.5.3 PERVASIVE PLAYERS 313
11.5.4 PARTICIPANTS 313
FIGURE 47 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 313
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 314
11.5.5.1 Company footprint 314
FIGURE 48 LUBRICANTS MARKET: COMPANY FOOTPRINT 314
11.5.5.2 Region footprint 315
TABLE 435 LUBRICANTS MARKET: REGION FOOTPRINT 315
11.5.5.3 Base oil footprint 316
TABLE 436 LUBRICANTS MARKET: BASE OIL FOOTPRINT 316
11.5.5.4 Product type footprint 317
TABLE 437 LUBRICANTS MARKET: PRODUCT TYPE FOOTPRINT 317
11.5.5.5 End-use industry footprint 318
TABLE 438 LUBRICANTS MARKET: END-USE INDUSTRY FOOTPRINT 318
11.6 START-UPS/SMES EVALUATION MATRIX: LUBRICANTS MARKET, 2023 319
11.6.1 PROGRESSIVE COMPANIES 319
11.6.2 RESPONSIVE COMPANIES 319
11.6.3 DYNAMIC COMPANIES 319
11.6.4 STARTING BLOCKS 320
FIGURE 49 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 320
11.6.5 COMPETITIVE BENCHMARKING 321
11.6.5.1 Detailed list of key start-ups/SMEs 321
11.6.5.2 Competitive benchmarking of key start-ups/SMEs 321
11.7 COMPANY EVALUATION AND FINANCIAL METRICS 322
FIGURE 50 COMPANY VALUATION AND FINANCIAL METRICS OF KEY PLAYERS 322
FIGURE 51 EV/EBITDA OF KEY PLAYERS 322
11.8 BRAND/PRODUCT COMPARISON 323
11.9 COMPETITIVE SITUATION & TRENDS 324
11.9.1 PRODUCT LAUNCHES 324
TABLE 439 LUBRICANTS MARKET: PRODUCT LAUNCHES (JANUARY 2019–FEBRUARY 2024) 324
11.9.2 DEALS 326
TABLE 440 LUBRICANTS MARKET: DEALS (JANUARY 2019–FEBRUARY 2024) 326
11.9.3 EXPANSIONS 329
TABLE 441 LUBRICANTS MARKET: EXPANSIONS (JANUARY 2019–FEBRUARY 2024) 329
11.9.4 OTHER DEVELOPMENTS 331
TABLE 442 LUBRICANTS MARKET: OTHER DEVELOPMENTS (JANUARY 2019–FEBRUARY 2024) 331
12 COMPANY PROFILES 332
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 MAJOR PLAYERS 332
12.1.1 EXXON MOBIL CORPORATION 332
TABLE 443 EXXON MOBIL CORPORATION: COMPANY OVERVIEW 332
FIGURE 52 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT 333
TABLE 444 EXXON MOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 333
TABLE 445 EXXON MOBIL CORPORATION: PRODUCT LAUNCHES (JANUARY 2019−FEBRUARY 2024) 337
TABLE 446 EXXON MOBIL CORPORATION: EXPANSIONS (JANUARY 2019–FEBRUARY 2024) 338
12.1.2 TOTALENERGIES SE 340
TABLE 447 TOTALENERGIES SE: COMPANY OVERVIEW 340
FIGURE 53 TOTALENERGIES SE: COMPANY SNAPSHOT 341
TABLE 448 TOTALENERGIES SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 341
TABLE 449 TOTALENERGIES SE: PRODUCT LAUNCHES (JANUARY 2019–FEBRUARY 2024) 343
TABLE 450 TOTALENERGIES SE: DEALS (JANUARY 2019–FEBRUARY 2024) 343
TABLE 451 TOTALENERGIES SE: EXPANSIONS (JANUARY 2019–FEBRUARY 2024) 344
12.1.3 SHELL PLC 346
TABLE 452 SHELL PLC: COMPANY OVERVIEW 346
FIGURE 54 SHELL PLC: COMPANY SNAPSHOT 347
TABLE 453 SHELL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 347
TABLE 454 SHELL PLC: PRODUCT LAUNCHES (JANUARY 2019–FEBRUARY 2024) 351
TABLE 455 SHELL PLC: DEALS (JANUARY 2019–FEBRUARY 2024) 352
TABLE 456 SHELL PLC: EXPANSIONS (JANUARY 2019–FEBRUARY 2024) 353
TABLE 457 SHELL PLC: OTHER DEVELOPMENTS (JANUARY 2019–FEBRUARY 2024) 353
12.1.4 CHEVRON CORPORATION 355
TABLE 458 CHEVRON CORPORATION: COMPANY OVERVIEW 355
FIGURE 55 CHEVRON CORPORATION: COMPANY SNAPSHOT 356
TABLE 459 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 356
TABLE 460 CHEVRON CORPORATION: PRODUCT LAUNCHES (JANUARY 2019–FEBRUARY 2024) 358
TABLE 461 CHEVRON CORPORATION: DEALS (JANUARY 2019–FEBRUARY 2024) 358
TABLE 462 CHEVRON CORPORATION: EXPANSIONS (JANUARY 2019–FEBRUARY 2024) 359
12.1.5 BP P.L.C. 361
TABLE 463 BP P.L.C.: COMPANY OVERVIEW 361
FIGURE 56 BP P.L.C.: COMPANY SNAPSHOT 362
TABLE 464 BP P.L.C.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 362
TABLE 465 BP P.L.C.: EXPANSIONS (JANUARY 2019–FEBRUARY 2024) 364
12.1.6 PETROCHINA COMPANY LIMITED 366
TABLE 466 PETROCHINA COMPANY LIMITED: COMPANY OVERVIEW 366
FIGURE 57 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT 367
TABLE 467 PETROCHINA COMPANY LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 367
TABLE 468 PETROCHINA COMPANY LIMITED: DEALS (JANUARY 2019–FEBRUARY 2024) 368
12.1.7 CHINA PETROLEUM & CHEMICAL CORPORATION 369
TABLE 469 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY OVERVIEW 369
FIGURE 58 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT 370
TABLE 470 CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 370
TABLE 471 CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCT LAUNCHES (JANUARY 2019–FEBRUARY 2024) 372
TABLE 472 CHINA PETROLEUM & CHEMICAL CORPORATION: DEALS (JANUARY 2019– FEBRUARY 2024) 372
TABLE 473 CHINA PETROLEUM & CHEMICAL CORPORATION: EXPANSIONS (JANUARY 2019–FEBRUARY 2024) 373
12.1.8 ENEOS HOLDINGS, INC. 374
TABLE 474 ENEOS HOLDINGS, INC.: COMPANY OVERVIEW 374
FIGURE 59 ENEOS HOLDINGS, INC.: COMPANY SNAPSHOT 374
TABLE 475 ENEOS HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 375
TABLE 476 ENEOS HOLDINGS, INC.: PRODUCT LAUNCHES (JANUARY 2019–FEBRUARY 2024) 376
TABLE 477 ENEOS HOLDINGS, INC.: DEALS (JANUARY 2019–FEBRUARY 2024) 376
TABLE 478 ENEOS HOLDINGS, INC.: EXPANSIONS (JANUARY 2019–FEBRUARY 2024) 377
12.1.9 IDEMITSU KOSAN CO., LTD. 378
TABLE 479 IDEMITSU KOSAN CO., LTD.: COMPANY OVERVIEW 378
FIGURE 60 IDEMITSU KOSAN CO., LTD.: COMPANY SNAPSHOT 379
TABLE 480 IDEMITSU KOSAN CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 379
TABLE 481 IDEMITSU KOSAN CO., LTD.: PRODUCT LAUNCHES (JANUARY 2019–FEBRUARY 2024) 381
TABLE 482 IDEMITSU KOSAN CO., LTD.: DEALS (JANUARY 2019–FEBRUARY 2024) 381
TABLE 483 IDEMITSU KOSAN CO., LTD.: EXPANSIONS (JANUARY 2019–FEBRUARY 2024) 381
12.1.10 PETROLIAM NASIONAL BERHAD (PETRONAS) 383
TABLE 484 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY OVERVIEW 383
FIGURE 61 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY SNAPSHOT 384
TABLE 485 PETROLIAM NASIONAL BERHAD (PETRONAS): PRODUCTS/SOLUTIONS/SERVICES OFFERED 384
TABLE 486 PETROLIAM NASIONAL BERHAD (PETRONAS): DEALS (JANUARY 2019–FEBRUARY 2024) 386
TABLE 487 PETROLIAM NASIONAL BERHAD (PETRONAS): EXPANSIONS (JANUARY 2019– FEBRUARY 2024) 386
12.2 START-UP/SMES PLAYERS 387
12.2.1 FUCHS SE 387
TABLE 488 FUCHS SE: COMPANY OVERVIEW 387
12.2.2 ENOC COMPANY 388
TABLE 489 ENOC COMPANY: COMPANY OVERVIEW 388
12.2.3 PETROLEO BRASILEIRO S.A. (PETROBRAS) 389
TABLE 490 PETROLEO BRASILEIRO S.A. (PETROBRAS): COMPANY OVERVIEW 389
12.2.4 PJSC LUKOIL 390
TABLE 491 PJSC LUKOIL: COMPANY OVERVIEW 390
12.2.5 PT PERTAMINA (PERSERO) 391
TABLE 492 PT PERTAMINA (PERSERO): COMPANY OVERVIEW 391
12.2.6 ENI S.P.A. 391
TABLE 493 ENI S.P.A.: COMPANY OVERVIEW 391
12.2.7 PJSC ROSNEFT OIL COMPANY 392
TABLE 494 PJSC ROSNEFT OIL COMPANY: COMPANY OVERVIEW 392
12.2.8 GAZPROMNEFT-SM LLC 392
TABLE 495 GAZPROMNEFT-SM LLC: COMPANY OVERVIEW 392
12.2.9 GULF OIL INTERNATIONAL LTD. 393
TABLE 496 GULF OIL INTERNATIONAL LTD.: COMPANY OVERVIEW 393
12.2.10 PHILLIPS 66 394
TABLE 497 PHILLIPS 66: COMPANY OVERVIEW 394
12.2.11 INDIAN OIL CORPORATION LIMITED 395
TABLE 498 INDIAN OIL CORPORATION LIMITED: COMPANY OVERVIEW 395
12.2.12 COSMO OIL LUBRICANTS CO., LTD. 396
TABLE 499 COSMO OIL LUBRICANTS CO., LTD.: COMPANY OVERVIEW 396
12.2.13 KLUBER LUBRICATION 396
TABLE 500 KLUBER LUBRICATION: COMPANY OVERVIEW 396
12.2.14 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL) 397
TABLE 501 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL): COMPANY OVERVIEW 397
12.2.15 MOTUL S.A. 397
TABLE 502 MOTUL S.A.: COMPANY OVERVIEW 397
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 ADJACENT & RELATED MARKETS 398
13.1 INTRODUCTION 398
13.2 LIMITATION 398
13.3 SYNTHETIC LUBRICANTS MARKET 398
13.3.1 MARKET DEFINITION 398
13.3.2 MARKET OVERVIEW 399
13.4 SYNTHETIC LUBRICANTS MARKET, BY REGION 399
TABLE 503 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION) 399
TABLE 504 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION) 399
TABLE 505 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON) 400
TABLE 506 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON) 400
13.4.1 EUROPE 400
TABLE 507 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION) 400
TABLE 508 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 401
TABLE 509 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON) 401
TABLE 510 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 401
13.4.2 NORTH AMERICA 402
TABLE 511 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION) 402
TABLE 512 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 402
TABLE 513 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON) 402
TABLE 514 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 403
13.4.3 ASIA PACIFIC 403
TABLE 515 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION) 403
TABLE 516 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 403
TABLE 517 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON) 404
TABLE 518 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 404
13.4.4 MIDDLE EAST & AFRICA 404
TABLE 519 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION) 404
TABLE 520 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 405
TABLE 521 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON) 405
TABLE 522 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 405
13.4.5 SOUTH AMERICA 406
TABLE 523 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION) 406
TABLE 524 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 406
TABLE 525 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON) 406
TABLE 526 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 407
14 APPENDIX 408
14.1 DISCUSSION GUIDE 408
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 412
14.3 CUSTOMIZATION OPTIONS 414
14.4 RELATED REPORTS 414
14.5 AUTHOR DETAILS 415