GITNUXREPORT 2026

Lubricant Industry Statistics

The global lubricants market is steadily growing and dominated by automotive applications.

Alexander Schmidt

Research Analyst specializing in technology and digital transformation trends.

First published: Feb 13, 2026

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Statistic 1

ExxonMobil holds 12% global lubricants market share in 2023.

Statistic 2

Shell lubricants revenue USD 25 billion in 2022.

Statistic 3

BP Castrol 8.5% market share in automotive lubes.

Statistic 4

TotalEnergies lubricants sales 1.4 million tons in 2023.

Statistic 5

Chevron leads U.S. with 15% PCMO share.

Statistic 6

Sinopec China market leader 30% share.

Statistic 7

Fuchs Petrolub global industrial lubes 5% share.

Statistic 8

Kluber Lubrication specializes in high-performance, 2% premium segment.

Statistic 9

Quaker Houghton metalworking fluids leader.

Statistic 10

Valvoline 10% North America market share.

Statistic 11

PetroChina lubricants 25% China share.

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Idemitsu Kosan Japan top player 20% share.

Statistic 13

JXTG Nippon Oil 18% Japan market.

Statistic 14

Indian Oil Corp 30% India domestic share.

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Bharat Petroleum 25% India share.

Statistic 16

Petronas global synthetics strong in Asia.

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Lukoil Russia exports to 50 countries.

Statistic 18

Motul high-performance niche leader.

Statistic 19

EV transition to reduce lubes demand by 20% by 2030.

Statistic 20

45% of new lubes formulations bio-based by 2030 trend.

Statistic 21

Digital twins in lubricant formulation rising 15% adoption.

Statistic 22

Low-SAPS oils mandatory in Europe Euro VII standards.

Statistic 23

The global lubricants market size was valued at USD 166.87 billion in 2023 and is projected to reach USD 212.24 billion by 2030, growing at a CAGR of 3.5% from 2024 to 2030.

Statistic 24

The automotive lubricants segment dominated the market with a revenue share of 52.3% in 2023.

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Industrial lubricants market was valued at USD 79.48 billion in 2023, expected to grow at CAGR 4.2% to 2030.

Statistic 26

North America lubricants market size was USD 32.45 billion in 2023, projected to grow at CAGR 2.8%.

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Asia Pacific lubricants market held 42% revenue share in 2023 globally.

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Global synthetic lubricants market size reached USD 28.9 billion in 2022, expected to grow at CAGR 5.1% to 2030.

Statistic 29

Bio-based lubricants market valued at USD 2.95 billion in 2023, projected CAGR 5.8% to 2030.

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Marine lubricants market size was USD 7.2 billion in 2023, growing at CAGR 4.1%.

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Aviation lubricants market valued at USD 4.1 billion in 2023, CAGR 5.3% forecast.

Statistic 32

Metalworking fluids market (lubricant subset) USD 12.5 billion in 2023, CAGR 4.7%.

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Global lubricants demand expected to reach 113 million tons by 2025.

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U.S. lubricants market size USD 22.4 billion in 2022, CAGR 2.9% to 2030.

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Europe lubricants market revenue USD 35.2 billion in 2023.

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China lubricants consumption 8.5 million tons in 2022.

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India lubricants market USD 7.8 billion in 2023, CAGR 6.2%.

Statistic 38

Middle East lubricants market growing at CAGR 4.5% to 2028.

Statistic 39

Latin America lubricants market USD 10.2 billion in 2023.

Statistic 40

Africa lubricants demand 2.1 million tons annually.

Statistic 41

Global Group I base oil production 25 million tons in 2022.

Statistic 42

Global lubricants production volume 40.5 million tons in 2022.

Statistic 43

U.S. lubricants consumption 2.4 million tons in 2022.

Statistic 44

China consumed 9.2 million tons of lubricants in 2022.

Statistic 45

Europe lubricants consumption down 5% to 5.8 million tons in 2022 due to EV shift.

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India lubricant consumption 2.3 million tons in FY2023.

Statistic 47

Brazil lubricants market consumption 1.5 million tons annually.

Statistic 48

Global base oil demand 75 million tons in 2023.

Statistic 49

Synthetic base oils production 6.2 million tons globally in 2022.

Statistic 50

Mineral oil lubricants account for 75% of global consumption.

Statistic 51

PAO (polyalphaolefin) production capacity 2.1 million tons per year worldwide.

Statistic 52

Global hydraulic fluid consumption 4.8 million tons in 2023.

Statistic 53

Gear oil demand 3.2 million tons annually worldwide.

Statistic 54

Grease production 2.1 million tons globally in 2022.

Statistic 55

Automotive engine oil consumption 45% of total lubricants.

Statistic 56

Industrial gear oils 12% of industrial lubricants consumption.

Statistic 57

Compressor lubricants demand growing 3.8% CAGR.

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Turbine oils consumption 1.2 million tons per year.

Statistic 59

Food-grade lubricants production 0.4 million tons annually.

Statistic 60

Marine cylinder oils consumption 0.8 million tons in 2023.

Statistic 61

Aviation turbine oils 0.15 million tons global demand.

Statistic 62

Passenger car motor oil (PCMO) 18 million tons global in 2022.

Statistic 63

Heavy-duty motor oil (HDMO) 12 million tons annually.

Statistic 64

Group III base oil capacity 22 million tons per year globally.

Statistic 65

Esters base stocks production 0.35 million tons in 2023.

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Asia Pacific automotive lubricants 60% mineral oils.

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North America synthetic lubricants penetration 35% in 2023.

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Europe lubricants market 28% of global share in 2023.

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China dominates Asia with 45% regional market share.

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U.S. consumes 10% of global lubricants volume.

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India lubricants growth rate 6.5% CAGR highest in Asia.

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Middle East exports 15% of global base oils.

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Brazil 40% of Latin America lubricants market.

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Germany industrial lubricants leader in Europe with 20% share.

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Japan automotive lubes consumption 1.2 million tons.

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Russia lubricants production 1.8 million tons annually.

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South Korea synthetic lubes 28% penetration rate.

Statistic 78

Mexico lubricants market USD 2.1 billion in 2023.

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South Africa 35% of Africa lubricants consumption.

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Saudi Arabia base oil capacity 1.5 million tons/year.

Statistic 81

Australia mining lubes demand high, 0.3 million tons.

Statistic 82

Turkey lubricants consumption 0.4 million tons.

Statistic 83

Indonesia growing at 5.2% CAGR in lubes market.

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Canada heavy-duty oils strong, 0.25 million tons.

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UAE marine lubes hub, 10% regional supply.

Statistic 86

Global engine oils market share 55% of lubricants.

Statistic 87

Hydraulic oils represent 18% of industrial lubricants by volume.

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Gear lubricants account for 15% of total industrial demand.

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Greases comprise 7% of global lubricants market by value.

Statistic 90

Synthetic lubricants hold 25% market share in automotive sector.

Statistic 91

Mineral-based lubricants 70% of total volume consumed.

Statistic 92

Bio-lubricants penetration 3.5% in Europe industrial applications.

Statistic 93

PAO synthetics 60% of synthetic passenger car oils.

Statistic 94

Group V base oils used in 8% of high-performance lubes.

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Marine lubricants 85% cylinder oils, 15% system oils.

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Aviation lubricants 70% esters-based turbine oils.

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Metalworking fluids 40% soluble oils, 30% neat oils.

Statistic 98

Food-grade H1 lubricants 45% white mineral oils.

Statistic 99

Compressor oils 50% mineral, 30% synthetic PAO.

Statistic 100

Turbine oils primarily Group II/III mineral oils 90%.

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Automotive transmission fluids 25% ATFs, 20% CVTFs.

Statistic 102

Brake fluids 80% DOT 3/4 glycol-based.

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Two-stroke engine oils 15% of small engine lubes.

Statistic 104

Electrical insulating oils 95% naphthenic mineral oils.

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Process oils in rubber tires 2.5 million tons demand.

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From the silent hum of a global economy in motion to the 113 million tons of oil that will keep it running by 2025, the lubricants industry is the indispensable and evolving lifeblood of modern machinery.

Key Takeaways

The global lubricants market size was valued at USD 166.87 billion in 2023 and is projected to reach USD 212.24 billion by 2030, growing at a CAGR of 3.5% from 2024 to 2030.
The automotive lubricants segment dominated the market with a revenue share of 52.3% in 2023.
Industrial lubricants market was valued at USD 79.48 billion in 2023, expected to grow at CAGR 4.2% to 2030.
Global Group I base oil production 25 million tons in 2022.
Global lubricants production volume 40.5 million tons in 2022.
U.S. lubricants consumption 2.4 million tons in 2022.
Global engine oils market share 55% of lubricants.
Hydraulic oils represent 18% of industrial lubricants by volume.
Gear lubricants account for 15% of total industrial demand.
Asia Pacific automotive lubricants 60% mineral oils.
North America synthetic lubricants penetration 35% in 2023.
Europe lubricants market 28% of global share in 2023.
ExxonMobil holds 12% global lubricants market share in 2023.
Shell lubricants revenue USD 25 billion in 2022.
BP Castrol 8.5% market share in automotive lubes.

The global lubricants market is steadily growing and dominated by automotive applications.

Companies and Trends

ExxonMobil holds 12% global lubricants market share in 2023.
Shell lubricants revenue USD 25 billion in 2022.
BP Castrol 8.5% market share in automotive lubes.
TotalEnergies lubricants sales 1.4 million tons in 2023.
Chevron leads U.S. with 15% PCMO share.
Sinopec China market leader 30% share.
Fuchs Petrolub global industrial lubes 5% share.
Kluber Lubrication specializes in high-performance, 2% premium segment.
Quaker Houghton metalworking fluids leader.
Valvoline 10% North America market share.
PetroChina lubricants 25% China share.
Idemitsu Kosan Japan top player 20% share.
JXTG Nippon Oil 18% Japan market.
Indian Oil Corp 30% India domestic share.
Bharat Petroleum 25% India share.
Petronas global synthetics strong in Asia.
Lukoil Russia exports to 50 countries.
Motul high-performance niche leader.
EV transition to reduce lubes demand by 20% by 2030.
45% of new lubes formulations bio-based by 2030 trend.
Digital twins in lubricant formulation rising 15% adoption.
Low-SAPS oils mandatory in Europe Euro VII standards.

Companies and Trends Interpretation

While ExxonMobil and Shell are slugging it out for global market dominance, with even giants like BP Castrol and Chevron carving out their niches, it's clear that Sinopec, Indian Oil, and others are ruling their regional roost, yet the entire industry is nervously glancing in the rearview mirror at the EV revolution while simultaneously shifting gears toward bio-based formulas and digital innovation to stay relevant.

Market Size and Growth

The global lubricants market size was valued at USD 166.87 billion in 2023 and is projected to reach USD 212.24 billion by 2030, growing at a CAGR of 3.5% from 2024 to 2030.
The automotive lubricants segment dominated the market with a revenue share of 52.3% in 2023.
Industrial lubricants market was valued at USD 79.48 billion in 2023, expected to grow at CAGR 4.2% to 2030.
North America lubricants market size was USD 32.45 billion in 2023, projected to grow at CAGR 2.8%.
Asia Pacific lubricants market held 42% revenue share in 2023 globally.
Global synthetic lubricants market size reached USD 28.9 billion in 2022, expected to grow at CAGR 5.1% to 2030.
Bio-based lubricants market valued at USD 2.95 billion in 2023, projected CAGR 5.8% to 2030.
Marine lubricants market size was USD 7.2 billion in 2023, growing at CAGR 4.1%.
Aviation lubricants market valued at USD 4.1 billion in 2023, CAGR 5.3% forecast.
Metalworking fluids market (lubricant subset) USD 12.5 billion in 2023, CAGR 4.7%.
Global lubricants demand expected to reach 113 million tons by 2025.
U.S. lubricants market size USD 22.4 billion in 2022, CAGR 2.9% to 2030.
Europe lubricants market revenue USD 35.2 billion in 2023.
China lubricants consumption 8.5 million tons in 2022.
India lubricants market USD 7.8 billion in 2023, CAGR 6.2%.
Middle East lubricants market growing at CAGR 4.5% to 2028.
Latin America lubricants market USD 10.2 billion in 2023.
Africa lubricants demand 2.1 million tons annually.

Market Size and Growth Interpretation

While the world's engines still run on traditional automotive lubricants for now, the real race is shifting toward smarter, faster-growing synthetic and bio-based formulas driven by the industrial and Asian market surges.

Production and Consumption

Global Group I base oil production 25 million tons in 2022.
Global lubricants production volume 40.5 million tons in 2022.
U.S. lubricants consumption 2.4 million tons in 2022.
China consumed 9.2 million tons of lubricants in 2022.
Europe lubricants consumption down 5% to 5.8 million tons in 2022 due to EV shift.
India lubricant consumption 2.3 million tons in FY2023.
Brazil lubricants market consumption 1.5 million tons annually.
Global base oil demand 75 million tons in 2023.
Synthetic base oils production 6.2 million tons globally in 2022.
Mineral oil lubricants account for 75% of global consumption.
PAO (polyalphaolefin) production capacity 2.1 million tons per year worldwide.
Global hydraulic fluid consumption 4.8 million tons in 2023.
Gear oil demand 3.2 million tons annually worldwide.
Grease production 2.1 million tons globally in 2022.
Automotive engine oil consumption 45% of total lubricants.
Industrial gear oils 12% of industrial lubricants consumption.
Compressor lubricants demand growing 3.8% CAGR.
Turbine oils consumption 1.2 million tons per year.
Food-grade lubricants production 0.4 million tons annually.
Marine cylinder oils consumption 0.8 million tons in 2023.
Aviation turbine oils 0.15 million tons global demand.
Passenger car motor oil (PCMO) 18 million tons global in 2022.
Heavy-duty motor oil (HDMO) 12 million tons annually.
Group III base oil capacity 22 million tons per year globally.
Esters base stocks production 0.35 million tons in 2023.

Production and Consumption Interpretation

The world still runs on slippery stuff, with a telling 75% clinging to traditional mineral oil, yet the frantic race to produce higher-performance synthetics and Group III base oils reveals an industry desperately greasing the gears for an electric and efficiency-driven future it can see coming in the rearview mirror.

Regional Insights

Asia Pacific automotive lubricants 60% mineral oils.
North America synthetic lubricants penetration 35% in 2023.
Europe lubricants market 28% of global share in 2023.
China dominates Asia with 45% regional market share.
U.S. consumes 10% of global lubricants volume.
India lubricants growth rate 6.5% CAGR highest in Asia.
Middle East exports 15% of global base oils.
Brazil 40% of Latin America lubricants market.
Germany industrial lubricants leader in Europe with 20% share.
Japan automotive lubes consumption 1.2 million tons.
Russia lubricants production 1.8 million tons annually.
South Korea synthetic lubes 28% penetration rate.
Mexico lubricants market USD 2.1 billion in 2023.
South Africa 35% of Africa lubricants consumption.
Saudi Arabia base oil capacity 1.5 million tons/year.
Australia mining lubes demand high, 0.3 million tons.
Turkey lubricants consumption 0.4 million tons.
Indonesia growing at 5.2% CAGR in lubes market.
Canada heavy-duty oils strong, 0.25 million tons.
UAE marine lubes hub, 10% regional supply.

Regional Insights Interpretation

While Asia clings to tradition with mineral oils, North America embraces synthetic efficiency, Europe holds the global fort, and the rest of the world churns a fiercely regionalized battle where every player, from China’s dominance to India’s breakneck growth, fights for a greasy slice of a fragmented empire.

Types and Applications

Global engine oils market share 55% of lubricants.
Hydraulic oils represent 18% of industrial lubricants by volume.
Gear lubricants account for 15% of total industrial demand.
Greases comprise 7% of global lubricants market by value.
Synthetic lubricants hold 25% market share in automotive sector.
Mineral-based lubricants 70% of total volume consumed.
Bio-lubricants penetration 3.5% in Europe industrial applications.
PAO synthetics 60% of synthetic passenger car oils.
Group V base oils used in 8% of high-performance lubes.
Marine lubricants 85% cylinder oils, 15% system oils.
Aviation lubricants 70% esters-based turbine oils.
Metalworking fluids 40% soluble oils, 30% neat oils.
Food-grade H1 lubricants 45% white mineral oils.
Compressor oils 50% mineral, 30% synthetic PAO.
Turbine oils primarily Group II/III mineral oils 90%.
Automotive transmission fluids 25% ATFs, 20% CVTFs.
Brake fluids 80% DOT 3/4 glycol-based.
Two-stroke engine oils 15% of small engine lubes.
Electrical insulating oils 95% naphthenic mineral oils.
Process oils in rubber tires 2.5 million tons demand.

Types and Applications Interpretation

Despite the complex machinery of our modern world, its lifeblood remains a surprisingly simple story of oil, with mineral-based lubricants still dominating like a stubborn monarch at 70%, while their synthetic and bio-based challengers stage a fascinatingly slow-motion coup from the specialized corners of industry.

Sources & References

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