Lubricants Market worth $198.4 billion by 2029

As per the recently published report by MarketsandMarkets™, The “Lubricants Market by Base Oil Type (Mineral Oil Lubricant, Synthetic Lubricants, Bio-based Lubricants), Product Type (Engine Oil, Turbine Oil, Metalworking Fluid, hydraulic Oil), End-use Industry (Transportation and Industrial) – Global Forecast to 2029″, size was USD 173.5 billion in 2024 and is projected to reach USD 198.4 billion by 2029, at a CAGR of 2.7%, between 2024 and 2029.  Lubricants market have grown as the demand from marine applications, and high-performance engines is mounted immensely worldwide in the last two decades.

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• 151 Market data Tables64 Figures250 Pages and in-depth TOC on “Lubricants Market – Global Forecast to 2029”

This report also provides a comprehensive analysis of the companies listed below: The key players profiled in the lubricants market report include Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), PetroChina Company Limited (China), TotalEnergies SE (France), ENEOS Holdings, Inc. (Japan), China Petroleum & Chemical Corporation (China), Idemitsu Kosan Co., Ltd. (Japan), and others. The lubricants market has witnessed insignificant growth in the past few years; government regulations and changing lifestyle drive the growth of this market.