Global Lubricants Market Trends

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Global Lubricants Market Size, Share, and Trends Analysis Report Trends

  • Chemical and Materials
  • Upcoming Report
  • Oct 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
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“Growth of Bio-Based Lubricants”

A significant trend driving growth in the lubricants market is the increasing demand for sustainability and eco-friendly products. Consumers and industries are becoming more environmentally conscious, prompting lubricant manufacturers to develop bio-based and biodegradable lubricants. For instance, In January 2024, Shell U.K. Limited completed the acquisition of MIDEL and MIVOLT from M&I Materials Ltd., integrating their products into Shell’s Lubricants portfolio. This strategic move is aimed at enhancing Shell’s capabilities in producing Transformer Oils, which are essential for offshore wind parks, utility companies, and power distribution. The acquisition is anticipated to strengthen Shell’s market presence and technological edge in lubrication solutions.

Frequently Asked Questions

The market is segmented based on Segmentation, By Base Oil (Mineral Oil, Synthetic Oil, and Bio-Based Oil), Product (Engine Oil, Hydraulic Fluid, Metalworking Fluid, Gear Oil, Compressor Oil, Grease, Turbine Oil, and Others), End-Use Industry (Transportation and Industrial) - Industry Trends and Forecast to 2031 .
The Global Lubricants Market size was valued at USD 141.18 USD Billion in 2023.
The Global Lubricants Market is projected to grow at a CAGR of 4.2% during the forecast period of 2024 to 2031.
The major players operating in the market include Shell PLC, BP, FUCHS, Petroliam Nasional Berhad, Lubrita Europe, Liberty Lubricants, China Petrochemical Corporation, TotalEnergies, ExxonMobil Corporation, Phillips 66 Company, Indian Oil Corporation , Idemitsu Kosan Co., Chevron Corporation, JX Nippon Oil & Gas Exploration Corporation, KLÜBER LUBRICATION INDIA Pvt. , Mineral Oil Corporation, Valvoline, ENEOS Holdings ,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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