Global Lubricants Market Share

ID: MRFR/CnM/4733-CR

100 Pages

Chitranshi Jaiswal

July 2018

ASEAN, GCC, India, Africa Lubricants Market Research Report Information: Base Oil (Mineral Oil) Application (Automotive) End-user (Energy) – Forecast Till 2035

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Market Share

Global Lubricants Market Share Analysis

Across numerous African nations, the reliance on agriculture remains paramount. The agricultural sector stands as a robust contributor, generating up to 50% of the gross domestic product (GDP) and accounting for over 80% of trade value and 50% of raw materials for industries. Sub-Saharan African (SSA) countries heavily lean on this sector, providing employment for a majority of the population. The Farm Power and Mechanization Group, housed within the Food and Agriculture Organization of the United Nations, offers an expansive view, encompassing machinery, equipment, and manual tools in its definition of farm power sources. Over time, agricultural mechanization has seen incremental growth, particularly in the Southern African region since the 1950s.

Presently, the agricultural landscape in Southern Africa predominantly relies on human and animal power, utilizing manually operated tools like hoes and other hand tools for various operations. Recent insights from the Farm Power and Mechanization Group highlight a noteworthy upsurge in the mechanization of agricultural tools and equipment, alongside increased usage of liquid fuel-based machinery.

This surge in mechanization stems from significant shortcomings associated with reliance on animal and human power in agricultural production. Issues such as severe health implications and a rapidly changing demographic structure have led to a decline in their use. Consequently, there is a rising demand for tractors and other liquid fuel-based farm machinery. The decrease in human-powered agriculture has resulted in reduced cultivation areas, delayed cultivation periods, and limitations in cultivating labor-intensive crops. Collectively, this downward trend in food security, diminishing nutritional status, and declining productivity, all rooted in outdated agricultural practices, are anticipated to propel the adoption of agricultural machinery in the region. Consequently, this surge is expected to boost the demand for lubricants in African markets.

The growing adoption of agricultural machinery signifies a pivotal shift in enhancing agricultural productivity and addressing prevalent challenges within the sector. The transition from labor-intensive manual operations to mechanized processes holds the promise of not only increasing efficiency but also improving overall output. The mechanization trend is poised to revolutionize agricultural practices, fostering sustainable growth and paving the way for heightened agricultural output across various African nations.

Furthermore, this transformation in agricultural practices is expected to create new opportunities within the lubricants market in Africa. As machinery becomes the cornerstone of agricultural operations, the demand for lubricants, essential for the smooth functioning and maintenance of these machines, is set to witness a significant surge. Lubricants, playing a crucial role in ensuring the longevity and optimal performance of agricultural equipment, are poised to become an indispensable component of the evolving agricultural landscape in Africa.

In essence, the burgeoning demand for agricultural equipment in Africa stands as a beacon of opportunity. It not only signifies a fundamental shift towards modernized and efficient agricultural practices but also underscores the imminent need for complementary products such as lubricants. This paradigm shift offers an enticing prospect for stakeholders in the lubricants industry to capitalize on the burgeoning demand and actively participate in the transformative journey of African agriculture.

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

What is the projected market valuation for the ASEAN, GCC, India, and Africa lubricants market by 2035?

The projected market valuation for the ASEAN, GCC, India, and Africa lubricants market is 193.03 USD Billion by 2035.

What was the overall market valuation of the lubricants market in 2024?

The overall market valuation of the lubricants market was 121.22 USD Billion in 2024.

What is the expected CAGR for the lubricants market during the forecast period 2025 - 2035?

The expected CAGR for the lubricants market during the forecast period 2025 - 2035 is 4.32%.

Which companies are considered key players in the ASEAN, GCC, India, and Africa lubricants market?

Key players in the market include Shell, ExxonMobil, TotalEnergies, BP, Castrol, Indian Oil Corporation, Petrobras, Sasol, Gulf Oil, and Fuchs Petrolub.

What are the main segments of the lubricants market based on base oil types?

The main segments based on base oil types include Mineral Oil, Synthetic Oil, and Bio-based Oil, with valuations ranging from 70.0 to 110.0 USD Billion for Mineral Oil.

How does the automotive application segment perform in the lubricants market?

The automotive application segment is valued between 70.0 and 110.0 USD Billion, indicating a robust demand in the market.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, the ASEAN, GCC, India, and Africa Lubricants Market Size was estimated at 121.22 USD Billion in 2024. The lubricants industry is projected to grow from 126.46 USD Billion in 2025 to 193.03 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.32 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The ASEAN, GCC, India, and Africa lubricants market is experiencing a transformative shift towards sustainability and advanced technologies.

The market is witnessing a notable shift towards synthetic lubricants, driven by their superior performance and environmental benefits.
Sustainability is becoming a central theme, with increasing emphasis on eco-friendly products across various sectors.
Technological advancements in lubrication solutions are enhancing efficiency and performance, particularly in the automotive segment.
Rising automotive production and industrial growth are key drivers, alongside the need for compliance with stringent regulatory standards.

Global Lubricants Market

CAGR

4.32%

Market Size & Forecast

2024 Market Size	121.22 (USD Billion)
2035 Market Size	193.03 (USD Billion)
CAGR (2025 - 2035)	4.32%
Largest Regional Market Share in 2024	MEA

Major Players

Shell (GB), ExxonMobil (US), TotalEnergies (FR), BP (GB), Castrol (GB), Indian Oil Corporation (IN), Petrobras (BR), Sasol (ZA), Gulf Oil (IN), Fuchs Petrolub (DE)

Market Trends

The ASEAN, GCC, India, Africa Lubricants Market is currently experiencing a dynamic evolution, driven by various factors including industrial growth, increasing automotive production, and rising consumer awareness regarding the importance of lubrication in machinery and vehicles. The market appears to be influenced by a growing demand for high-performance lubricants, which are essential for enhancing the efficiency and longevity of engines and equipment. Additionally, the shift towards environmentally friendly products is becoming more pronounced, as consumers and industries alike seek sustainable alternatives that minimize environmental impact. This trend suggests a potential transformation in product offerings, with manufacturers likely to invest in research and development to create innovative solutions that meet these emerging needs. Moreover, the competitive landscape within the ASEAN, GCC, India, Africa Lubricants Market is intensifying, as both local and international players strive to capture market share. Strategic partnerships and collaborations are becoming increasingly common, as companies look to leverage each other's strengths and expand their reach. The regulatory environment is also evolving, with governments implementing stricter standards for lubricant quality and performance. This regulatory shift may compel manufacturers to enhance their product formulations and adhere to higher quality benchmarks, thereby fostering a more robust and competitive market environment. Overall, the ASEAN, GCC, India, Africa Lubricants Market appears poised for growth, driven by innovation, sustainability, and heightened competition.

Shift Towards Synthetic Lubricants

There is a noticeable trend towards the adoption of synthetic lubricants across various sectors. These products are recognized for their superior performance characteristics, including enhanced thermal stability and reduced friction. As industries increasingly prioritize efficiency and longevity, synthetic options are likely to gain traction, potentially reshaping consumer preferences.

Emphasis on Sustainability

Sustainability is becoming a focal point within the ASEAN, GCC, India, Africa Lubricants Market. Manufacturers are exploring bio-based and eco-friendly lubricants to meet the growing demand for environmentally responsible products. This shift may lead to the development of innovative formulations that align with global sustainability goals.

Technological Advancements in Lubrication Solutions

Technological innovation is playing a crucial role in the evolution of lubrication solutions. The integration of smart technologies, such as IoT and predictive maintenance, is enhancing the efficiency of lubricant usage. This trend suggests that future products may incorporate advanced features that optimize performance and reduce waste.

Global Lubricants Market Market Drivers

Rising Automotive Production

The ASEAN, GCC, India, Africa Lubricants Market is experiencing a notable surge in automotive production, driven by increasing consumer demand for vehicles. In ASEAN, the automotive sector is projected to grow at a compound annual growth rate of approximately 6.5% from 2023 to 2028. This growth is likely to enhance the demand for lubricants, as vehicles require high-quality lubricants for optimal performance. Similarly, in India, the automotive industry is expected to reach a market size of USD 300 billion by 2026, further propelling lubricant consumption. The GCC region, with its focus on diversifying economies, is also witnessing a rise in automotive manufacturing, which could lead to increased lubricant sales. Consequently, the rising automotive production across these regions is a significant driver for the lubricants market.

Increasing Demand for Renewable Energy

The ASEAN, GCC, India, Africa Lubricants Market is witnessing a shift towards renewable energy sources, which is influencing lubricant demand. As countries in these regions invest in renewable energy projects, such as wind and solar, there is a growing need for specialized lubricants that can withstand unique operational conditions. For instance, the GCC is focusing on diversifying its energy sources, with investments in solar energy expected to reach USD 200 billion by 2030. This transition may lead to the development of new lubricant formulations tailored for renewable energy applications. In India, the government aims to achieve 175 GW of renewable energy capacity by 2022, which could further drive the demand for innovative lubrication solutions. Thus, the increasing emphasis on renewable energy is a pivotal driver for the lubricants market.

Technological Innovations in Lubrication

The ASEAN, GCC, India, Africa Lubricants Market is benefiting from rapid technological innovations in lubrication solutions. Advancements in formulation technology are leading to the development of high-performance lubricants that offer superior protection and efficiency. For instance, the introduction of nanotechnology in lubricant formulations is enhancing the performance characteristics of lubricants, making them more effective in extreme conditions. In India, the lubricant market is projected to grow at a CAGR of 4.5% from 2023 to 2028, driven by these technological advancements. Similarly, in the GCC, the adoption of smart lubrication systems is gaining traction, which could optimize lubricant usage and reduce waste. Therefore, technological innovations are likely to play a pivotal role in shaping the future of the lubricants market across these regions.

Industrial Growth and Infrastructure Development

The ASEAN, GCC, India, Africa Lubricants Market is significantly influenced by the ongoing industrial growth and infrastructure development initiatives. In India, the government has launched the National Infrastructure Pipeline, aiming to invest USD 1.4 trillion in infrastructure projects by 2025. This investment is expected to boost various industries, including manufacturing and construction, which are substantial consumers of lubricants. Similarly, in the GCC, the Vision 2030 initiative is driving infrastructure projects that require extensive lubrication solutions. ASEAN countries are also investing in infrastructure to enhance connectivity and trade, which could lead to increased lubricant demand. The industrial growth across these regions is likely to create a robust market for lubricants, as machinery and equipment require effective lubrication for efficiency and longevity.

Regulatory Compliance and Environmental Standards

The ASEAN, GCC, India, Africa Lubricants Market is increasingly shaped by stringent regulatory compliance and environmental standards. Governments in these regions are implementing regulations aimed at reducing emissions and promoting environmentally friendly products. For example, the European Union's REACH regulations are influencing lubricant formulations globally, including in ASEAN and GCC markets. In India, the Bureau of Indian Standards is setting guidelines for lubricant quality and environmental impact, which could lead to a shift towards bio-based and eco-friendly lubricants. As industries strive to meet these regulations, the demand for high-performance lubricants that comply with environmental standards is likely to rise. Consequently, regulatory compliance is a crucial driver for the lubricants market, pushing manufacturers to innovate and adapt their products.

Market Segment Insights

By Base Oil: Mineral Oil (Largest) vs. Synthetic Oil (Fastest-Growing)

In the ASEAN, GCC, India, and Africa lubricants market, the base oil segment is predominantly led by Mineral Oil, which holds a significant market share due to its widespread application in various industrial sectors. This traditional oil type is favored for its cost-effectiveness and availability, making it the first choice for many lubricant manufacturers. Synthetic Oil, although a smaller portion of the market, is gaining traction, driven by advancements in technology that enhance performance and efficiency, catering to high-end applications in automotive and industrial uses.

Base Oils: Mineral Oil (Dominant) vs. Synthetic Oil (Emerging)

Mineral Oil remains the dominant player in the ASEAN, GCC, India, and Africa lubricants market, characterized by its established infrastructure and strong supply chain. Its composition, derived from refining crude oil, provides significant advantages in terms of lubrication and cost. However, Synthetic Oil is emerging rapidly, primarily due to its superior performance characteristics like better thermal stability and efficiency. As environmental concerns heighten, the demand for Synthetic Oil is fueled by a shift toward eco-friendly solutions, making it a viable alternative for industries seeking sustainability in their operations.

By Application: Automotive (Largest) vs. Industrial (Fastest-Growing)

In the ASEAN, GCC, India, and Africa lubricants market, the automotive segment holds the largest share, driven by the increasing vehicle population and growing consumer preference for quality lubricants that enhance engine performance. The demand for automotive lubricants is poised for sustained growth as automotive sales continue to rise, particularly in emerging markets within this region. Meanwhile, the industrial segment is showing the fastest growth, attributed to expanding manufacturing activities and the increasing need for efficient machinery operations in various industries.

Lubricants: Automotive (Dominant) vs. Industrial (Emerging)

The automotive lubricants segment is characterized by a robust demand due to the continuous growth in the automotive sector, fuelled by increasing disposable incomes and a rising middle-class population. This segment is dominant, providing a wide range of products designed for various engine types. On the other hand, the industrial lubricants segment is emerging rapidly, spurred by the rise in industrial activities and the need for advanced lubrication solutions that improve equipment efficiency and reliability. As industries evolve, the demand for specialty lubricants tailored for specific applications is also growing, positioning the industrial segment as a significant player in the lubricants market.

By End-user: Food Processing (Largest) vs. Energy (Fastest-Growing)

The ASEAN, GCC, India, Africa Lubricants Market showcases a diverse distribution among various end-user segments, with Food Processing holding the largest share. This sector is pivotal due to its extensive requirements for food-grade lubricants, ensuring safety and efficiency in operations. Following closely behind is Energy, which is gaining traction with increasing investments in renewable and traditional energy sources that depend heavily on the use of high-performance lubricants to maintain operational efficiency. Growth trends indicate a robust rise in the Energy segment, driven by the global push towards sustainable energy solutions, alongside the continued expansion of the Food Processing sector due to rising consumer demands for processed foods. Additionally, regional developments, government initiatives promoting manufacturing, and a focus on improving operational efficiency across industries are propelling growth in these segments, creating opportunities for lubricant manufacturers.

Food Processing (Dominant) vs. Energy (Emerging)

Food Processing stands as a dominant force in the lubricants market, primarily characterized by stringent safety standards and the necessity for FDA-approved lubricants. This ensures not only optimal equipment performance but also compliance with health regulations, making it a priority for manufacturers in this industry. On the other hand, the Energy segment is emerging rapidly due to increased investments in both renewable energy sources and traditional oil and gas. As energy producers place greater emphasis on sustainability and operational efficiency, there is a growing need for specialized lubricants that can withstand extreme conditions, thus driving innovation in formulations and application processes within this sector.

Get more detailed insights about ASEAN, GCC, India, Africa lubricants Market Research Report – Forecast to 2035

Regional Insights

North America : Mature Market with Innovation

The North American lubricants market is driven by technological advancements and stringent environmental regulations. The U.S. holds the largest market share at approximately 70%, followed by Canada at 15%. The demand for high-performance lubricants is increasing, fueled by the automotive and industrial sectors. Regulatory catalysts, such as the EPA's Clean Air Act, are pushing for more eco-friendly products, enhancing market growth. Leading players like ExxonMobil, BP, and Shell dominate the landscape, focusing on innovation and sustainability. The competitive environment is characterized by significant investments in R&D to develop advanced lubricants. The presence of major oil companies ensures a robust supply chain, while local players are also emerging to capture niche markets. Overall, the North American lubricants market is poised for steady growth, driven by both demand and regulatory frameworks.

Europe : Regulatory-Driven Market Dynamics

The European lubricants market is characterized by stringent regulations and a strong push towards sustainability. Germany and France are the largest markets, holding approximately 30% and 20% market shares, respectively. The EU's Green Deal and REACH regulations are significant drivers, promoting the use of bio-based and environmentally friendly lubricants. This regulatory landscape is fostering innovation and shifting consumer preferences towards sustainable products. Key players like TotalEnergies and BP are adapting to these changes by investing in green technologies. The competitive landscape is marked by a mix of multinational corporations and local manufacturers, all striving to meet regulatory standards. The presence of established brands ensures a high level of competition, while new entrants are focusing on niche markets, particularly in bio-lubricants. Overall, the European market is evolving rapidly, driven by regulatory pressures and sustainability goals.

Asia-Pacific : Emerging Markets with High Demand

The Asia-Pacific lubricants market is experiencing rapid growth, driven by industrialization and increasing automotive production. China and India are the largest markets, accounting for approximately 40% and 25% of the total market share, respectively. The rising demand for high-quality lubricants in manufacturing and automotive sectors is a key growth driver. Additionally, government initiatives to enhance infrastructure are further boosting market potential. Leading players such as Indian Oil Corporation and Castrol are expanding their presence in the region, focusing on product innovation and distribution networks. The competitive landscape is dynamic, with both The ASEAN, GCC, India, Africa Lubricants share. The increasing adoption of advanced lubricants is also evident, as consumers become more aware of the benefits of high-performance products. Overall, the Asia-Pacific market is set for significant growth, driven by demand and competitive strategies.

Middle East and Africa : Resource-Rich Market Potential

The Middle East and Africa lubricants market is characterized by abundant natural resources and growing industrial activities. The UAE and South Africa are the largest markets, holding approximately 35% and 20% market shares, respectively. The demand for lubricants is increasing due to the expansion of the automotive and manufacturing sectors, alongside government initiatives to diversify economies. Regulatory frameworks are also evolving to support sustainable practices in the industry. Key players like Sasol and Gulf Oil are well-positioned in the market, leveraging local resources and expertise. The competitive landscape features a mix of multinational corporations and regional players, all aiming to capture the growing demand. The presence of established brands ensures a competitive environment, while new entrants are focusing on innovative solutions to meet market needs. Overall, the Middle East and Africa market presents significant growth opportunities, driven by resource availability and industrial expansion.

Key Players and Competitive Insights

The ASEAN, GCC, India, and Africa lubricants market is characterized by a dynamic competitive landscape, driven by increasing industrialization, automotive growth, and a rising demand for high-performance lubricants. Key players such as Shell (GB), ExxonMobil (US), and Indian Oil Corporation (IN) are strategically positioned to leverage these growth drivers. Shell (GB) focuses on innovation and sustainability, investing heavily in developing eco-friendly lubricants, while ExxonMobil (US) emphasizes digital transformation and advanced supply chain solutions to enhance operational efficiency. Indian Oil Corporation (IN) is expanding its regional footprint through strategic partnerships and local manufacturing initiatives, which collectively shape a competitive environment that is increasingly focused on sustainability and technological advancement.

The market structure appears moderately fragmented, with a mix of multinational corporations and regional players. Key business tactics include localizing manufacturing to reduce costs and optimize supply chains, which is essential in a market where logistics can significantly impact profitability. The collective influence of major players fosters a competitive atmosphere where innovation and customer-centric strategies are paramount, as companies strive to differentiate themselves in a crowded marketplace.

In August 2025, Shell (GB) announced the launch of a new line of biodegradable lubricants aimed at reducing environmental impact. This strategic move not only aligns with global sustainability trends but also positions Shell as a leader in eco-friendly solutions, potentially attracting environmentally conscious consumers and businesses. The introduction of these products may enhance Shell's market share in regions where regulatory pressures for sustainability are increasing.

In September 2025, ExxonMobil (US) unveiled a state-of-the-art digital platform designed to optimize lubricant supply chains across the ASEAN region. This initiative is significant as it leverages advanced analytics and AI to improve inventory management and distribution efficiency. By enhancing operational capabilities, ExxonMobil is likely to strengthen its competitive edge, particularly in markets where timely delivery and product availability are critical.

In July 2025, Indian Oil Corporation (IN) entered into a strategic partnership with a local manufacturer in Africa to enhance its lubricant production capabilities. This collaboration is indicative of a broader trend where companies seek to localize operations to better serve regional markets. By establishing a manufacturing presence in Africa, Indian Oil Corporation may not only reduce costs but also improve its responsiveness to local demand, thereby solidifying its market position.

As of October 2025, the competitive trends in the lubricants market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in navigating complex market dynamics. Looking ahead, competitive differentiation is likely to evolve from traditional price-based strategies to a focus on innovation, technological advancements, and supply chain reliability, reflecting a shift in consumer expectations and regulatory landscapes.

Key Companies in the Global Lubricants Market market include

Industry Developments

Future Outlook

Global Lubricants Market Future Outlook

The ASEAN, GCC, India, and Africa lubricants market is projected to grow at a 4.32% CAGR from 2024 to 2035, driven by industrialization, automotive demand, and technological advancements.

New opportunities lie in:

Expansion of bio-lubricants product lines to meet sustainability demands.
Development of smart lubricant monitoring systems for predictive maintenance.
Investment in regional distribution centers to enhance supply chain efficiency.

By 2035, the lubricants market is expected to exhibit robust growth, driven by innovation and strategic investments.

Market Segmentation

Global Lubricants Market Base Oil Outlook

Mineral Oil
Synthetic Oil
Bio-based Oil

Global Lubricants Market End-user Outlook

Food Processing
Construction and Mining
Metal Production
Cement Production
Textile
General Industrial Manufacturing
Chemical Manufacturing
Energy

Global Lubricants Market Application Outlook

Automotive
Industrial

Report Scope

MARKET SIZE 2024	121.22(USD Billion)
MARKET SIZE 2025	126.46(USD Billion)
MARKET SIZE 2035	193.03(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	4.32% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Growing demand for bio-based lubricants driven by environmental regulations and consumer preferences in ASEAN, GCC, India, Africa Lubricants Market.
Key Market Dynamics	Rising demand for bio-based lubricants reflects shifting consumer preferences towards sustainable and environmentally friendly products.
Countries Covered	North America, Europe, APAC, South America, MEA