Lubricant Market to Perceive Substantial Growth During 2025



The global independent lubricant manufacturers market is largely consolidated, as the top four vendors accounted for a combined share of almost 58.0% in 2016, finds Transparency Market Research (TMR). The frontrunner in the market is FUCHS, a German-based multinational company and one of the largest independent lubricant manufacturers, who held a substantial revenue share of around 37% in the same year.

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Some of the leading players are Forsythe Lubrication Associates Ltd., Motul, Carlube, BVA Oils, AMSOIL INC., and ADDINOL Lube Oil GmbH. In spite of the sway held by a handful of top players, the marked presence of a number of small players and a number of new entrants is likely to account for elevating competitive landscape in the coming years. Players in general consider product pricing and distribution channels as few key determinants of the prominence in the overall market. Top players are aiming at offering innovative products in order to gain a better foothold in the market. Furthermore, several manufacturers and vendors are expected to shift their focus to emerging economies to capitalize on promising avenues in the coming years. The advent of bio-based lubricants and their vastly rising demand are opening lucrative prospects in these regions.

independent lubricant manufacturers marketThe various application areas served by independent lubricant manufacturers comprise aerospace, marine, industrial sector, and automotive. Of these, the automotive industry leads the pack, contributing the dominant revenue share in the global market, indicated by the vast uptake of lubricants in the industry. This is attributed to an extensively rising demand for lubricants manufactured by independent manufacturers among automotive players world over.

Regionally, Asia Pacific is projected to be the most attractive market and is expected to witness a steady growth throughout the assessment period. The growth is attributed to the burgeoning automotive industry and the marked presence of suppliers of base oils. The low cost of labor in key in emerging economies is also expected to boost this regional market.

The global independent lubricant manufacturers market was worth US$6,800.79 million in 2016 and is projected to touch a valuation of US$9,454.04 million by 2025 end. The worldwide market is anticipated to rise at a CAGR of 3.80% from 2017 to 2025.

Mineral lubricants are those whose formulations include mineral base oil and additives. These lubricants include those that are produced from group I and II base oils. Synthetic lubricants are those whose formulations include synthetic base oil and additives. They are artificially made chemical compounds, using chemically modified petroleum components rather than whole crude oil. Group II+, III and some of group IV base oils falls under the class of synthetic base oils. Bio-based oils include oils derived from vegetable oils and animal fats. They are manufactured from either natural or synthetic sources.

Global Independent Lubricant Manufacturers Market: Scope of the Report

The major application boosting the demand for lubricants is automotive sector. Rise in demand for automotive is anticipated to drive the demand for automotive lubricants in the next few years. Increase in environmental pressure and implementation of strict government regulations are boosting the demand for high quality lubricants in automotive and industrial end-use industries.

The intensifying demand for high quality lubricants among various end-use industries to increase the efficiency and performance of their products is catalyzing the growth of the independent lubricant manufacturers market. In the coming years, soaring awareness supported by stricter implementation of governmental regulations pertaining to the use of environmental-friendly lubricants and metalworking fluids are notable developments boosting the market.

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Marked Fluctuations in Cost of Feedstock to Hamper Demand

The fluctuating price of raw materials and the cost of feedstock used for manufacturing lubricants in various regions has negatively affected the market to an extent. This has led to marked price fluctuations of the final products, hampering their demand in emerging economies with price-sensitive consumers. Nevertheless, the rising popularity of bio-based lubricants and oils with additives is a significant factor expected to provide a potential fillip to the growth of the market. The expected decline in cost of bio-based lubricants in the forthcoming years bodes well for the overall market.





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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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