Industrial Lubricants Sales

Industrial Lubricants Sales Market Outlook

The global industrial lubricants market is projected to reach approximately USD 80 billion by 2035, growing at a compound annual growth rate (CAGR) of around 3.5% from 2025 to 2035. This growth is driven by a combination of factors including the increasing demand for efficient machinery performance, stringent regulations regarding emissions and waste, and the rapid industrialization across emerging economies. Additionally, advancements in lubricant technologies are leading to the development of high-performance lubricants that are not only more effective but also environmentally friendly. The rising focus on reducing operational costs and increasing machinery lifespan is further propelling the demand for industrial lubricants in various sectors. Furthermore, the increasing complexity of machinery and equipment in industries such as automotive and manufacturing necessitates the use of specialized lubricants, thus contributing to market growth.

Growth Factor of the Market

The industrial lubricants market is witnessing robust growth driven by several influential factors. Firstly, the continuous advancements in manufacturing technologies are compelling industries to invest in high-performance lubricants that can enhance machine efficiency and productivity. Secondly, growing industrial activities in the Asia-Pacific region, particularly in countries like China and India, are contributing to increased demand for lubricants across various sectors, including automotive and manufacturing. Additionally, the rising awareness of the importance of lubrication in preventing machinery wear and tear is prompting companies to adopt advanced lubricants that offer superior performance. Moreover, environmental regulations aiming to reduce carbon footprints and promote sustainability have led to a shift towards bio-based and eco-friendly lubricants, further boosting market growth. Lastly, the increasing automotive production and sales globally are propelling the demand for lubricants in automobile applications, creating ample opportunities for industry players.

Key Highlights of the Market

• The total industrial lubricants market is expected to reach USD 80 billion by 2035, with a CAGR of 3.5%.
• Asia Pacific is anticipated to be the fastest-growing region, driven by rapid industrialization.
• There is a growing demand for bio-based lubricants due to rising environmental concerns.
• Automotive application holds a significant share of the market due to ongoing automotive production increases.
• Advancements in lubricant formulations are leading to higher performance products, enhancing market growth.

By Product Type

Mineral Oil Lubricants:

Mineral oil lubricants are derived from refined crude oil and are among the most widely used lubricants in industrial applications. They are characterized by their excellent lubricating properties, affordability, and availability. Mineral lubricants are primarily utilized in heavy machinery, automotive engines, and manufacturing equipment due to their ability to reduce friction and wear. Additionally, these lubricants can withstand high temperatures and pressures, making them reliable in various operational conditions. Despite the rising popularity of synthetic and bio-based lubricants, mineral oil lubricants continue to account for a significant portion of the market due to their cost-effectiveness and established performance in a wide range of applications.

Synthetic Lubricants:

Synthetic lubricants are engineered using chemically modified petroleum components or other synthetic materials. They offer superior performance characteristics compared to mineral oils, including a broader temperature range, lower volatility, and enhanced stability. This type of lubricant is particularly beneficial in extreme environmental conditions, such as high-speed or high-temperature applications. Industries that demand high efficiency and performance, such as aerospace, automotive, and manufacturing, are gravitating towards synthetic lubricants for their ability to provide extended service intervals and reduced maintenance costs. The growing emphasis on sustainability and performance optimization is expected to further bolster the demand for synthetic lubricants in the coming years.

Bio-Based Lubricants:

With increasing environmental awareness, bio-based lubricants have gained significant traction in the industrial lubricants market. These lubricants are produced from renewable resources, such as vegetable oils and animal fats, and offer biodegradable and non-toxic properties. Their adoption is encouraged by stringent environmental regulations aimed at reducing the ecological impact of traditional lubricants. Bio-based lubricants provide comparable performance to conventional lubricants, making them suitable for applications in automotive, industrial manufacturing, and agriculture. As industries increasingly seek sustainable solutions, the bio-based lubricant segment is poised for remarkable growth, driven by consumer preferences for eco-friendly products.

Greases:

Greases are semi-solid lubricants that play a crucial role in preventing wear and tear in machinery and equipment. Composed of base oils, thickeners, and additives, greases provide excellent adhesion and stay in place, making them ideal for applications where liquid lubricants may not be suitable. They are commonly used in automotive bearings, construction machinery, and heavy-duty equipment. The continual advancement in grease formulations is enhancing their performance capabilities, including temperature tolerance and water resistance. The growing demand for reliable lubrication solutions in various industries is expected to drive the greases segment of the market further, as they play an important role in enhancing equipment lifespan and efficiency.

Specialty Lubricants:

Specialty lubricants are designed to meet specific application requirements that standard lubricants may not fulfill. This category includes products formulated for high-load, extreme-temperature, or unique chemical environments. Specialty lubricants are critical in industries such as aerospace, automotive, and food processing, where precision and reliability are paramount. These lubricants are often tailored to the unique needs of individual applications, leading to increased adoption across various sectors. The growing complexity of machinery and equipment in modern industries is expected to significantly boost the demand for specialty lubricants, as manufacturers seek customized solutions to enhance operational efficiency.

By Application

Automotive:

The automotive application segment remains one of the largest consumers of industrial lubricants, driven by the ever-growing automotive production and increasing vehicle sales. Lubricants in this segment are primarily used to reduce friction between moving components, improve fuel efficiency, and prolong engine life. Motor oils, transmission fluids, and greases tailored for automotive applications play a vital role in ensuring the optimal performance of vehicles. With the ongoing transition towards electric vehicles, there is also an emerging demand for specialized lubricants that cater specifically to electric powertrains, which presents new opportunities for growth in this sector.

Manufacturing:

The manufacturing sector is a significant contributor to the overall demand for industrial lubricants as they are essential for the efficient operation of machinery and equipment used in production processes. Lubricants help reduce friction, enhance machine performance, and minimize wear and tear on components, thus ensuring uninterrupted manufacturing operations. The increasing industrial activities and the need for operational efficiency in factories are driving the adoption of high-performance lubricants. Moreover, with the rise of automation and Industry 4.0, there is an increasing focus on maintaining machinery uptime, which is further propelling the demand for reliable industrial lubricants in manufacturing applications.

Construction:

The construction industry utilizes a wide range of industrial lubricants to ensure the smooth operation of heavy machinery and equipment. Lubricants are essential in this sector to protect against excessive wear and corrosion that can arise from harsh environmental conditions. As infrastructure development projects continue to rise globally, the demand for lubricants tailored for construction applications is expected to grow significantly. Additionally, the increasing use of advanced construction machinery that requires specialized lubricants for optimal performance further enhances the market potential in this segment.

Metalworking:

Metalworking processes, including machining and grinding, require specific lubricants known as metalworking fluids. These fluids play a critical role in reducing friction, dissipating heat, and providing corrosion protection during metal fabrication. The rising demand for precision-engineered components in various industries is driving the demand for effective metalworking lubricants. Moreover, advancements in formulation technologies are leading to the development of high-performance metalworking fluids that enhance operational efficiency and product quality, thereby boosting growth in this application segment.

Power Generation:

The power generation sector also relies heavily on industrial lubricants for various applications, including turbines, generators, and pumps. Lubricants are vital for ensuring the smooth operation and longevity of critical components in power plants. The increasing focus on renewable energy sources and the modernization of existing power generation facilities are expected to drive the demand for high-performance lubricants in this sector. Additionally, the need for reliable and efficient lubricants to minimize downtime and maintenance costs will further contribute to market growth in power generation applications.

By Distribution Channel

Direct Sales:

Direct sales represent a significant channel for the distribution of industrial lubricants, allowing manufacturers to establish close relationships with their clients. This channel enables manufacturers to directly cater to the specific needs of industrial clients, providing tailored solutions and personalized service. Direct sales often result in stronger customer loyalty and retention, especially in industries where performance and reliability are paramount. Moreover, manufacturers that utilize direct sales channels can gather valuable feedback regarding product performance and market trends, which can be instrumental in driving innovation and improving product offerings.

Distributors:

Distributors play a crucial role in bridging the gap between lubricant manufacturers and end-users. They provide a wide range of products from various manufacturers, allowing customers to access a diverse selection of industrial lubricants. Distributors often have established networks and relationships with local businesses, making it easier to penetrate different markets. Their expertise in logistics, inventory management, and customer service allows them to support businesses efficiently. As industries increasingly seek reliable partners for their lubricant needs, the distributor channel is expected to continue thriving, supporting the overall growth of the industrial lubricants market.

Retail Stores:

Retail stores serve as an essential distribution channel for industrial lubricants, providing accessibility for smaller businesses and end-users who require lubricants for maintenance and repair tasks. This channel includes both physical retail stores and specialized automotive parts outlets. Retail stores typically carry a selection of popular lubricant brands and types, catering to the needs of individual consumers and small enterprises. The convenience of purchasing lubricants from retail locations contributes to their ongoing relevance in the market, even as online shopping continues to rise. The ability for end-users to physically assess products and consult with knowledgeable staff enhances the retail channel's value.

E-commerce:

The e-commerce channel has seen significant growth in recent years, driven by the increasing trend of online shopping and procurement. E-commerce platforms provide industrial lubricant manufacturers with the opportunity to reach a broader audience and facilitate convenient purchasing for customers. This channel enables customers to access detailed product information, reviews, and comparisons, empowering them to make informed purchasing decisions. The rapid growth of e-commerce is particularly beneficial for businesses seeking to streamline their procurement processes. As logistics and delivery services continue to improve, the e-commerce channel for industrial lubricants is expected to expand, providing an efficient alternative to traditional distribution methods.

Others:

Other distribution channels for industrial lubricants may include specialized suppliers, wholesalers, and auction sites, which cater to niche markets and specific customer requirements. These channels often provide unique product offerings or bulk purchasing options for businesses that require large quantities of lubricants. The flexibility of these alternative channels can address the diverse needs of various industries, enabling them to procure the right lubricants for their applications. The increasing diversity of distribution channels reflects the evolving landscape of the industrial lubricants market, ensuring customers have multiple options for accessing the products they need.

By Ingredient Type

Base Oils:

Base oils form the foundation of most industrial lubricants and play a critical role in determining their performance characteristics. They can be derived from mineral, synthetic, or bio-based sources, each offering unique advantages. Mineral oils are widely used due to their availability and cost-effectiveness, while synthetic base oils provide superior lubrication performance and stability under extreme conditions. Bio-based base oils are gaining traction due to their renewable nature and environmentally friendly properties. The choice of base oil significantly influences the lubricant's viscosity, thermal stability, and overall performance, making it a vital component in lubricant formulation.

Additives:

Additives are essential components of industrial lubricants that enhance their performance and protect machinery from wear and tear. These chemical compounds serve various functions, including anti-wear, anti-oxidation, corrosion inhibition, and foam control. The effective use of additives can significantly improve the longevity and efficiency of lubricants, making them invaluable in industrial applications. As the demand for high-performance lubricants increases, the formulation of advanced additives to meet specific industry standards is expected to gain momentum, contributing to overall market growth.

Thickener:

Thickeners are key ingredients in grease formulations, providing the necessary consistency and structure required for effective lubrication. They help retain the base oils and additives in place, ensuring that lubricants perform optimally over extended periods. Various types of thickeners can be utilized, including lithium, calcium, and polyurea-based thickeners, each offering different properties in terms of temperature resistance, water resistance, and mechanical stability. The selection of thickeners directly impacts the performance characteristics of greases, making them suitable for specific industrial applications. As industries demand more specialized lubricants, the development of innovative thickeners is expected to bolster market growth in this segment.

Others:

The "Others" category for ingredient types encompasses various components that may be included in lubricant formulations, such as solvents, performance enhancers, and other specialty ingredients. These components can be tailored to meet the specific requirements of various applications, contributing to the overall effectiveness of industrial lubricants. As industries continue to advance and evolve, the need for customized lubricant formulations incorporating various ingredient types will remain crucial. The versatility of these additional components enhances the ability to create high-performance lubricants that meet the diverse and demanding needs of modern industries.

By Region

The Asia Pacific region is anticipated to witness the highest growth rate in the industrial lubricants market, with a CAGR exceeding 4% during the forecast period. The rapid industrialization, particularly in countries like China and India, is driving the demand for lubricants across various sectors, including automotive, manufacturing, and construction. The substantial investments in infrastructure projects and the automotive industry further contribute to the robust growth of the lubricant market in this region. As industries increasingly focus on efficiency and sustainability, the adoption of advanced lubricants is expected to rise, positioning the Asia Pacific region as a critical driver of market growth.

North America and Europe also represent significant markets for industrial lubricants, characterized by mature industries and established manufacturers. In North America, the market is driven by the ongoing demand in the automotive sector, along with advancements in manufacturing technologies. The market for industrial lubricants in Europe is bolstered by regulatory pressures urging the adoption of eco-friendly lubricants, including bio-based options. While the North American market is projected to grow at a moderate pace, Europe is expected to transition towards more sustainable lubricant solutions, thus influencing the overall market dynamics. Together, these regions contribute significantly to the global industrial lubricants market, ensuring a balanced growth landscape.

Opportunities

The industrial lubricants market presents numerous opportunities, particularly with the ongoing innovations in lubricant formulations that align with the global push for sustainability. Companies are increasingly investing in research and development to create bio-based and synthetic lubricants that not only meet performance standards but also focus on reducing environmental impact. As regulations surrounding emissions and waste disposal become more stringent, the shift towards eco-friendly lubricants is expected to create a significant market for manufacturers who prioritize sustainable practices. This trend not only offers a competitive advantage but also resonates with consumers and industries increasingly seeking responsible and sustainable products. The rising demand for electric vehicles is another promising opportunity, as it necessitates the development of specialized lubricants that cater to new technologies and requirements.

Moreover, the expansion of manufacturing and construction activities in emerging economies presents lucrative opportunities for lubricant suppliers. As countries like India, Brazil, and Vietnam continue to industrialize, the demand for high-quality lubricants to enhance machinery performance and reduce downtime will grow. Companies that can effectively tap into these markets, offering tailored solutions and reliable product support, are likely to thrive in the competitive landscape. Furthermore, advancements in digital technology and data analytics enable manufacturers to optimize lubricant formulations and improve supply chain efficiency, creating additional pathways for growth. Overall, the future of the industrial lubricants market appears promising, supported by innovation, sustainability, and the expansion of industrial activities.

Threats

Despite the promising growth outlook for the industrial lubricants market, several threats could impede progress and affect market dynamics. One major concern is the volatility of raw material prices, particularly for base oils and additives derived from crude oil. Fluctuations in crude oil prices can significantly impact the cost of lubricant production, leading manufacturers to either absorb costs or pass them on to customers. This could potentially diminish demand and pricing power, especially in highly competitive markets. Additionally, the growing trend towards minimizing lubricant usage through enhanced efficiency and maintenance practices could pose a challenge to the conventional lubricant business model, prompting a need for manufacturers to innovate and adapt.

Another potential threat stems from the increasing adoption of alternative technologies, such as solid lubricants and advanced coatings, that can offer comparable or superior performance without the environmental concerns associated with traditional lubricants. These alternatives may gain traction in specific industrial applications, leading to a shift in demand away from conventional lubricants. Furthermore, regulatory pressures concerning environmental impact and sustainability can impose stringent requirements on lubricant formulations, forcing manufacturers to invest heavily in reformulation and compliance, which can strain resources and impact profitability. The combined effects of these threats necessitate a proactive approach from companies operating within the industrial lubricants market, emphasizing the need for innovation, efficiency, and adaptability to navigate the evolving landscape.

Competitor Outlook

• ExxonMobil
• Shell
• BP Lubricants
• SABIC
• Chevron
• Fuchs Petrolub AG
• TotalEnergies
• Castrol
• Valvoline
• Klüber Lubrication
• Petro-Canada
• Indian Oil Corporation Ltd.
• Dow Chemical Company
• Chevron Phillips Chemical Company
• Repsol

The competitive landscape of the industrial lubricants market is characterized by a mix of established multinational corporations and innovative smaller companies. Major players such as ExxonMobil, Shell, and BP Lubricants dominate the market, leveraging their extensive distribution networks and brand recognition to maintain a strong market presence. These companies invest significantly in research and development to innovate and optimize lubricant formulations, ensuring that they meet customer demands for efficiency and sustainability. Additionally, their global reach allows them to cater to diverse industries and adapt to regional market dynamics effectively.

As competition intensifies, companies are increasingly focusing on strategic partnerships and collaborations to enhance their product offerings and service capabilities. For instance, collaborations between lubricant manufacturers and equipment manufacturers can lead to the development of specialized lubricant solutions tailored for specific applications. Furthermore, these partnerships can enhance product visibility in the market and provide manufacturers with valuable insights into customer needs and preferences. Small and medium-sized enterprises are also gaining traction as they focus on niche markets or eco-friendly lubricant solutions, thereby providing competition to larger players.

Among the notable companies in the industrial lubricants market is Fuchs Petrolub AG, which is known for its wide range of high-performance lubricants tailored for diverse applications. Fuchs’ commitment to sustainability is evident in its development of bio-based lubricants, positioning the company to capitalize on the growing demand for eco-friendly products. Another key player, Chevron, focuses on innovation and customer-centric solutions, offering an extensive portfolio of lubricants for automotive and industrial applications. The company’s strategic emphasis on technology-driven products includes advanced synthetic lubricants that deliver exceptional performance under challenging conditions. Furthermore, Valvoline is recognized for its strong presence in the automotive lubricants segment, capitalizing on its brand heritage and consumer trust to drive growth in a competitive marketplace.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SABIC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Shell
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Repsol
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Castrol
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Chevron
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Valvoline
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 ExxonMobil
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Petro-Canada
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 BP Lubricants
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 TotalEnergies
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Fuchs Petrolub AG
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Dow Chemical Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Klüber Lubrication
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Indian Oil Corporation Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Chevron Phillips Chemical Company
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Industrial Lubricants Sales Market, By Application
    • 6.1.1 Automotive
    • 6.1.2 Manufacturing
    • 6.1.3 Construction
    • 6.1.4 Metalworking
    • 6.1.5 Power Generation
  • 6.2 Industrial Lubricants Sales Market, By Product Type
    • 6.2.1 Mineral Oil Lubricants
    • 6.2.2 Synthetic Lubricants
    • 6.2.3 Bio-Based Lubricants
    • 6.2.4 Greases
    • 6.2.5 Specialty Lubricants
  • 6.3 Industrial Lubricants Sales Market, By Ingredient Type
    • 6.3.1 Base Oils
    • 6.3.2 Additives
    • 6.3.3 Thickener
    • 6.3.4 Others
  • 6.4 Industrial Lubricants Sales Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributors
    • 6.4.3 Retail Stores
    • 6.4.4 E-commerce
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Industrial Lubricants Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Industrial Lubricants Sales market is categorized based on

By Product Type

• Mineral Oil Lubricants
• Synthetic Lubricants
• Bio-Based Lubricants
• Greases
• Specialty Lubricants

By Application

• Automotive
• Manufacturing
• Construction
• Metalworking
• Power Generation

By Distribution Channel

• Direct Sales
• Distributors
• Retail Stores
• E-commerce
• Others

By Ingredient Type

• Base Oils
• Additives
• Thickener
• Others

By Region

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East & Africa

Key Players

• ExxonMobil
• Shell
• BP Lubricants
• SABIC
• Chevron
• Fuchs Petrolub AG
• TotalEnergies
• Castrol
• Valvoline
• Klüber Lubrication
• Petro-Canada
• Indian Oil Corporation Ltd.
• Dow Chemical Company
• Chevron Phillips Chemical Company
• Repsol