MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Industrial Lubricants - Gear Oil
Overview
Market size
$5.0B
global, USD
CAGR
3.1%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
7
tracked players
Signals
12
4 high severity
Market outlook
2031$5.8B
What changed
Demand by region
Asia Pacific demand43%
Europe demand24%
North America demand21%
Latin America demand6%
Rest of world demand6%
share of global demandtotal 100%
Cost drivers
Base oils Group I II III and synthetic PAO65%
Sulfur and phosphorus based additive packages15%
Manufacturing blending and energy costs10%
Packaging and distribution logistics10%
share of delivered cost (analyst estimate)