Lubricant And Grease Market Sustainability Trends, Innovation and Strategic Growth Outlook to 2031

The automotive segment held the largest share in 2021, contributing to nearly three-fifths of the market, supported by increasing demand for cars.

WILMINGTON, DE, UNITED STATES, August 18, 2025 /EINPresswire.com/ -- The global lubricant and grease market is experiencing steady growth, driven by rising demand across multiple industries and the strong expansion of the automobile sector. Increasing per capita income and growing aspirations to own vehicles are key factors fueling market growth. Moreover, the surge in demand for diesel engine oils and the expansion of refinery capacities are expected to create lucrative opportunities for the industry in the coming years.

According to Allied Market Research, the market is projected to surpass $168.2 billion by 2031, registering a CAGR of 3.2% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/A16467

Regional Insights:

- Asia-Pacific dominated the global market in 2021, accounting for nearly two-fifths of the revenue share. The region is also expected to grow at the fastest CAGR of 3.6% during the forecast period, attributed to increasing demand for affordable energy, particularly from natural-gas-fueled power plants.

- Other regions analyzed in the report include North America, Europe, and LAMEA.

Segmental Highlights:-

By Application:

- The automotive segment held the largest share in 2021, contributing to nearly three-fifths of the market, supported by increasing demand for cars, utility vehicles, and public transportation.

- The power generation segment is expected to grow at the highest CAGR of 4.3%, driven by rising global energy demand, construction of new power plants, and efforts to enhance efficiency of existing ones.

By Type:

- Heavy Duty Engine Oils (HDEO) dominated the market in 2021, accounting for more than one-fourth of the share. These oils are widely used for wear reduction, corrosion protection, and smooth engine operation.

- The turbine oils segment is projected to register the fastest CAGR of 4.1%, fueled by the increasing installation of gas, steam, and hydroelectric power turbines worldwide.

Key Benefits for Stakeholders

- Comprehensive quantitative analysis of market segments, trends, and dynamics (2021–2031).
- Insights into drivers, restraints, and opportunities influencing market growth.
- Porter’s Five Forces analysis to evaluate the bargaining power of buyers and suppliers.
- Detailed mapping of major countries by revenue contribution.
- Market player positioning for competitive benchmarking.
- In-depth coverage of regional and global trends, key players, and strategic developments.

Major Market Players:

- Armor Lubricants
- Petromin
- Aljomaih and Shell Lubricating Oil Company Limited
- Behran Oil Co.
- FUCHS
- Exxon Mobil Corporation
- Gulf Oil Middle East Limited (Gulf Oil International)
- Emarat
- Idemitsu Kosan Co., Ltd.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐚𝐥 𝐃𝐚𝐭𝐚 𝐚𝐧𝐝 𝐆𝐫𝐚𝐩𝐡𝐬, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬' 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬: https://www.alliedmarketresearch.com/lubricant-and-grease-market/purchase-options

About Us

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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