The global market value of lubricants and fuel additives amounted to approximately 19.6 billion U.S. dollars in 2023. This figure is expected to grow further in the coming years, and succeed 27 billion U.S. dollars by 2030. The Asia-Pacific region is set to be largely responsible for this growth.
Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031 (in billion U.S. dollars)
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Other statistics that may interest you Lubricants industry worldwide
Global overview
8
- Premium Statistic Global lubricants market value 2021-2031
- Premium Statistic Global lubricant market value by region 2018-2024
- Premium Statistic Global lubricants market volume by country 2020
- Premium Statistic Global distribution of base oil revenue by type 2017
- Premium Statistic Global lubricant demand 2000-2022
- Premium Statistic Global demand volume for lubricants 2022, by region
- Premium Statistic Distribution of global demand for lubricants 2022, by region
- Premium Statistic Global lubricant demand per capita by region 2020
Leading companies
3
Global market sectors
5
- Premium Statistic Global industrial lubricants market value 2019 & 2024
- Premium Statistic Global market value of marine lubricants 2021 & 2026
- Premium Statistic Global market value of mining lubricants 2016 & 2022
- Premium Statistic Global market value of aviation lubricants 2020 & 2025
- Premium Statistic Global agricultural lubricant market value 2017-2025
North American lubricants industry
3
United States lubricants industry overview
8
- Premium Statistic U.S. lubricants market size 2014-2021
- Basic Statistic U.S. production volume of lubricants 2010-2022
- Premium Statistic U.S. lubricant sales volume by product type 2018
- Premium Statistic U.S. lubricant sales distribution by product type 2018
- Premium Statistic U.S. lubricant distributors market share by sales volume 2017
- Premium Statistic U.S. lubricants industry market share by application area 2017
- Premium Statistic U.S. lubricants industry market share by product segment 2017
- Premium Statistic Key data on lubricant oil manufacturing in the U.S. 2020-2024
United States lubricant market sectors
5
- Premium Statistic U.S. industrial lubricants market size 2014-2025
- Premium Statistic U.S. automotive lubricants market size 2014-2025
- Premium Statistic U.S. automotive lubricants market volume forecast by product 2014-2025
- Premium Statistic U.S. marine lubricants market size 2014-2025
- Premium Statistic U.S. mining lubricants market volume by product 2014-2025
United States oil change market
6
- Basic Statistic Market share of motor oil companies in the U.S. 2018
- Basic Statistic Market share of synthetic motor oil companies in the U.S. 2018
- Premium Statistic U.S. private sector motor oil consumption 2013-2024
- Premium Statistic U.S. transmission fluid market revenue forecast 2014-2025
- Premium Statistic U.S. transmission fluid market size forecast by fluid type 2014-2025
- Premium Statistic Oil change service industry key figures in the U.S. 2017-2024
Further related statistics
13
- Distribution of global lubricant market by base oil 2014
- Global market share of marine lubricants by type 2016
- Distribution of global lubricant market by application 2014
- U.S. synthetic lubricant and functional fluid demand distribution by product 2015
- Italy: potential ways to dispose of lubricants according to car drivers 2017
- Share of lubrication market in Europe in 2016, by nation
- Volume of demand for lubricants in Europe in 2016, by nation
- Final consumption of industrial lubricants in Italy 2006-2018
- Preferred brands of personal lubricants in the U.S. 2011-2020
- Annual revenue from sales by Grupa Lotos 2013-2021
- Demand of lubricant additives in China 2013-2020
- Operating profit/loss of Grupa Lotos 2013-2021
- Egypt: import value of mineral fuels & lubricants materials to the UK 2010-2018
Further Content: You might find this interesting as well
Statistics
- Distribution of global lubricant market by base oil 2014
- Global market share of marine lubricants by type 2016
- Distribution of global lubricant market by application 2014
- U.S. synthetic lubricant and functional fluid demand distribution by product 2015
- Italy: potential ways to dispose of lubricants according to car drivers 2017
- Share of lubrication market in Europe in 2016, by nation
- Volume of demand for lubricants in Europe in 2016, by nation
- Final consumption of industrial lubricants in Italy 2006-2018
- Preferred brands of personal lubricants in the U.S. 2011-2020
- Annual revenue from sales by Grupa Lotos 2013-2021
- Demand of lubricant additives in China 2013-2020
- Operating profit/loss of Grupa Lotos 2013-2021
- Egypt: import value of mineral fuels & lubricants materials to the UK 2010-2018
Extrapolate. (February 13, 2024). Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 15, 2024, from https://www.statista.com/statistics/1073323/global-lubricants-market-size/
Extrapolate. "Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031 (in billion U.S. dollars)." Chart. February 13, 2024. Statista. Accessed May 15, 2024. https://www.statista.com/statistics/1073323/global-lubricants-market-size/
Extrapolate. (2024). Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 15, 2024. https://www.statista.com/statistics/1073323/global-lubricants-market-size/
Extrapolate. "Market Value of Lubricants and Fuel Additives Worldwide from 2021 to 2023, with a Forecast for 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/1073323/global-lubricants-market-size/
Extrapolate, Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1073323/global-lubricants-market-size/ (last visited May 15, 2024)
Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031 (in billion U.S. dollars) [Graph], Extrapolate, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/1073323/global-lubricants-market-size/