Lubricants market size likely to exceed USD 74 billion by 2022 - PowerPoint PPT Presentation

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Lubricants market size likely to exceed USD 74 billion by 2022


In terms of revenue, the lubricants market size was valued at USD 37 billion in 2014, which is expected to surpass USD 74 billion by 2022, at a CAGR of 8.5%. Increasing automobile sales is expected to drive lubricants market size over the forecast period. – PowerPoint PPT presentation

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Title: Lubricants market size likely to exceed USD 74 billion by 2022

Lubricants Market Size (2012-2022)
Global Market Scenario of Lubricants Oil
  • Lubricants market size is forecast to generate
    USD 74.6 billion revenue by 2022 as per a new
    research report by Global Market Insights, Inc.
  • Transportation industry growth, particularly
    automobile production, is likely to drive
    lubricants market size. Increase in drilling
    exploration activities owing to growth in
    oilfield chemicals should also spur growth.
  • Industrial lubricants market size was dominant
    and occupied a share of over 38 of the total
    volume in 2014. Increase in industrial output
    coupled with capacity expansions in mining,
    machinery and metal forming should favor
    lubricants demand.
  • Consumer automotive lubricants market share is
    most likely to see significant gains, at 3.2
    CAGR and register demand over 13 million tons by
    2022. Increase in passenger car sales in APAC and
    Latin America coupled with stable U.S. automotive
    index is likely to drive demand.

  • Crude oil price slump over the past two years
    have resulted in bringing down lubricants market
    price trend.
  • Increasing application scope in niches sectors
    such as medical devices and 3D printing is likely
    to boost demand.
  • Stringent regulations by EPA, REACH and ECHA over
    toxicity, bioaccumulation and recyclability are
    likely to threaten industry growth.
  • Technology innovation over developing biobased
    lubricants market in order to counter
    environmental concerns may benefit industry

U.S. lubricants market size by product,
2012 - 2022 (Million Tons)
360 Analysis
Application Analysis- Metal working fluids
market size is expected to grow at a CAGR of 8.6
from 2015 to 2022. Process oils are widely used
in chemical and technical industries to improve
manufacturing processes. Increasing demand for
chemicals primarily in Asia Pacific is expected
to drive their production. Regional
Analysis- Growing industrial output in metal
forming, machining, foundry, mining and plastics
industries in India and China has resulted in
capability expansions by major manufacturers.
Slow industrial output in North America and
Europe is expected to drive the demand for low
cost products in the region. Competitive Market
Share- Major oil gas companies such as Shell,
British Petroleum, Total, Sinopec, and Idemitsu
are integrated lubricant manufacturers which
ensure steady raw material supply to produce
mineral oils and additives. Through integration,
these companies benefit in terms of market
expansion and widening their scope of operations.


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