Chemicals, Fuels & Wood Products · Direct
Monitoring · monthlyProcurement Category Intelligence
Lubricating Oils
Overview
Market size
$153.0B
global, USD
CAGR
3.2%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
8
tracked players
Signals
12
7 high severity
Market outlook
2031$179.1B
What changed
Demand by region
Asia Pacific demand42%
North America demand24%
Europe demand18%
Latin America demand8%
Rest of world demand8%
share of global demandtotal 100%
Cost drivers
Base Oils (Group I, II, III mineral and synthetic basestocks)55%
Chemical Additives (Viscosity modifiers, detergents, anti-wear agents)20%
Manufacturing and Blending Operations (Energy, labor, facility overhead)12%
Packaging Materials (HDPE bottles, steel drums, IBC totes)7%
Logistics and Distribution (Freight, warehousing, bulk transport)6%
share of delivered cost (analyst estimate)