Global Lubricants Market Intelligence

Report Coverage

  • Global Supply–Demand Analysis
  • Global Trade Dynamics
  • Factors Affecting the Lubricants Market
  • Regional market outlook- North America, Europe, APAC

Production Size

Global Production Size/ Capacity

36.2 MMT

Production Size North America

6.25 MMT

Table of contents

  1. Executive Summary
  2. Global Market Outlook
  3. Supply Market Outlook
  4. Demand Market Outlook
  5. Industry Best Practice
  1. Market Analysis
  2. Value Chain Analysis
  3. Global Market Outlook
  4. Current market size
  5. Demand Supply trends and forecast
  6. Key end use industries
  7. Trade dynamics
  8. Regional Market Outlook [North America, Europe and Asia]
  9. Current market size
  10. Demand-Supply trends and forecast
  11. Key end use
  12. Trade dynamics
  1. Industry Analysis
  2. Industry Outlook [North America, Europe and Asia]
  3. Drivers and constraints for the industry
  4. Mergers and acquisitions
  5. Innovations
  6. Porter’s Five Forces Analysis
  1. Cost and Pricing Analysis
  2. Cost and Price Analysis [North America, Europe and Asia]
  3. Cost Structure Analysis
  4. Cost Drivers for Lubricants
  1. Food Grade Lubricants and Grease
  2. Category Definition
  3. Food Grade Lubricants
  4. Value Chain Analysis
  5. Regulatory Environment governing Food Grade Lubes
  6. Application Areas for Food Grade Lubricants
  7. Case Studies
  8. Global Market for Grease
  9. Grease - Category Definition
  10. Types of Base fluids for production of Grease
  11. Characteristics of Grease
  12. Comparison of Grease with Oils
  13. Grease Global Market Analysis
  14. Pricing of Grease
  1. Supplier Analysis
  2. Key global and regional suppliers
  3. Key supplier’s capability analysis
  4. Capacity
  5. Product Portfolio
  6. Expansions, if any
  7. Geographical footprint
  8. Supplier market share - global
  9. Detailed supplier profiling of the top global suppliers
  10. SWOT Analysis for the top global suppliers
  1. Industry Best Practices
  2. Contract Structures
  3. Engagement Models

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Global Market Outlook on Lubricants

  • Global lubricant supply as of 2018 stood at 36.7 MMT. Demand is expected to grow at a CAGR of –0.5 to –1.5 percent CAGR until 2020
  • Demand from the automotive sector and industrial sector is expected to lead the industry growth
  • About 2.2 MMT of capacity was added globally during 2016, and 1.5 MMT of capacity was removed, globally, during the same period. Emission regulations, improved quality and OEM requirements will have an impact on the demand for lubricants. Lubricant recycling programs will also impact the demand and supply of lubricants base stock in the market, affecting the prices
  • The major share of the global lubricants market is North America: 22 percent, Europe: 15 percent, and Asia: 46 percent.
  • The top global lubricant companies include Shell, ExxonMobil, Total, Chevron, BP (Castrol), Petrochina, Fuchs, Idemitsu, Lukoil, and Indian Oil.
  • The challenges for the global lubricant market include increasing demand for high-performance lubricants and delays in investments related to new plants. The industry growth may be mapped to the auto sector and economic recovery.


Demand Market Outlook

Lubricant prices and availability is highly driven by the lubricant stock (base oil) in the region. The US and Europe have shifted their base oil stock to Group 2 and Group 3 stocks respectively, while Asian and LATAM markets continue using Group 1 and Group 3 stocks

Industry Best Practice

Asia Pacific's market for lubricants will be driven by the growing population of the region, coupled with the rising economic level. Markets in North America and Australia are expected to decline, as they are mature markets, and due to the decline or average growth in production and sales of vehicles and demand moving away from mineral oil lubricants

Supply Risk–Low 

  • A modest demand growth of 1 percent surplus capacity and weak margins have made base oil market a buyer's market in 2015
  • With the declining growth of demand of lubricant oil, inefficient refineries will close down and the market will move towards consolidation. By 2021, there will be fewer and diverse product offering suppliers controlling the market The lubricant category is expected to shift from leverage in 2015 to strategic by 2021

Global Demand By Application

Lubricants are used in different industries and applications. The global demand by application report presents the key statistics with regard to the global lubricants market share by end-use industry. It also specifies how the changes in each of the end-use applications have impacted the global lubricant market. Any noteworthy changes to the market dynamic based on application are also listed.

Global Market Size: Lubricants

  • The global lubricant market reached $148 billion in 2016, and it is projected to reach $167 billion by 2021
  • APAC remains the largest market for lubricants. MEA has seen the fastest growth of lubricant demand
  • The increasing number of passenger, commercial vehicles, and more disposable income in the developing economies would drive the lubricant demand in the upcoming years

Global Lubricants Market Outlook Trade Dynamics

This section of the report gives details of the global lubricants market share. The lubricant market is divided between lubricants, mineral oil, synthetic oil, and specialty lubricants. The report tells us about the countries/regions that are the largest producers and exporters of lubricants and also about the largest importers. The global lubricants market forecast for the growth predicted for each region is estimated. The standout global lubricants market trends and global lubricants market size are examined.

Global Supply–Demand Analysis

  • Global lubricant supply stands at 36.4 MMT for 2016. The market is oversupplied on a global scale, with about 2.0 MMT of excess capacity in 2015
  • Demand is expected to see a negative growth of –0.5 to –1.5 percent (CAGR) until 2017–2018, post which, the lubricant market is anticipated to grow modestly from 0 to 0.75 percent until 2021, due to slower growth in the African and LATAM region and slow economic recovery in the European and North American countries

Regional Market Snapshot

This section analyses the different geographical regions and gives detailed information about the regional market size, price trends, price drivers regionally as well as the forecast for the coming years. If there are any unique market dynamics in the region, they are examined and listed. This part of the report helps understand how each country/region stands within the global lubricants market. For major exporting regions, the share of the countries that they are exporting to is detailed. For countries that rely on imports, the country/region from which they buy lubricants are listed along with their market share.

Industry Drivers and Constraints

The key drivers for demand in the lubricants industry are listed. The industries that are driving the market growth are detailed. Market trends that sustain the growth of the global lubricants market are listed. The lubricants market is also constrained by changing demands, technology, requirements, and government regulations. Understanding these potential restrictive forces and how they work in the market is important to fully understand the dynamics of the global lubricants market.

Lubricants Market Overview

On the capacity front, about 1.4 MMT of capacity is expected to be added to the global lubricant supply base by 2021. Lubricant consumption is expected to decrease over the next couple of years, due to lower demand because of slow global economic growth. The automotive sector (53 percent) is the major driver for lubricant demand. However, demand for specialty lubricants (14 percent) is expected to grow at a faster rate owing to the increasing downstream demand from (a) the industrial sector using specific types of lubricants for their process and (b) from the mining industry, using lubricants for their fleets and to maintain minimal downtime. Specialty grades and price of the base stock have been the major drivers of the trade-in lubricants market. According to lubricant market analysis, some of the factors affecting the market are

The location of storage hubs, technological innovations in the automobile sector that reduces the frequency of oil changes and crude oil supply. The production cost is lowest in Asia due to the availability of cheap feedstock and low labor rates.

Why You Should Buy This Report

  • The report provides the trade dynamics and supply-demand analysis of the regional and global lubricant market.
  • It lists out the industry drivers, constraints and innovations including Porter’s five force analysis of North America, Europe and APAC.
  • The report gives the cost structure analysis, pricing forecasts and supplier analysis.
  •  It gives a SWOT analysis of key suppliers like ExxonMobil, Royal Dutch Shell, etc.

Global Lubricants Market Frequently Asked Questions

  1. Who are the major players in the global lubricants industry?
  2. The lubricants market share is divided amongst North America with 22% share, Europe with 15% share, and Asia with 46% share. 


  1. What are the latest trends in the global lubricants market?
  2. The lubricants market trends reveal that there has been a rise in demand since 2018. The global lubricant industry is also expected to see demand from the automotive and industrial sector. Furthermore, factors such as emission regulations, higher quality, and OEM requirements are expected to impact the demand for lubricants. Delays in investments may however create an adverse impact on the industry. 


  1. What will be the expected growth of the global lubricants industry?
  2. The demand for the global lubricant industry as per Beroe’s lubricants market trends report is expected to rise from a CAGR of -0.5% to 1.5%. 


  1. What are the key drivers of the global lubricants market?
  2. The demand from the automotive and industrial sector is going to create fresh demand for lubricants. The rising demand for high performance lubricants and investment delays can create a challenge for the industry. 

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