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    APAC Lubricants Market Research Report- Forecast till 2034 Infographic

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    APAC Lubricants Market

    ID: MRFR/CnM/10946-HCR
    111 Pages
    Garvit Vyas
    September 2025

    APAC Lubricants Market Research Report Information By End User (Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation and Other End-user Industries), By Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils, and Other Product Types) – and APAC Market Forecast Till 2034.

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    APAC Lubricants Market Research Report- Forecast till 2034 Infographic
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    Table of Contents

    APAC Lubricants Market Summary

    The Asia-Pacific lubricants market is projected to grow from 77.4 USD billion in 2024 to 114.2 USD billion by 2035.

    Key Market Trends & Highlights

    APAC Lubricants Key Trends and Highlights

    • The Asia-Pacific lubricants market is valued at 77.4 USD billion in 2024.
    • By 2035, the market is expected to reach 114.2 USD billion, indicating robust growth.
    • The compound annual growth rate (CAGR) for the market from 2025 to 2035 is estimated at 3.6 percent.
    • Growing adoption of advanced lubrication technologies due to increasing industrial activities is a major market driver.

    Market Size & Forecast

    2024 Market Size 77.4 (USD Billion)
    2035 Market Size 114.2 (USD Billion)
    CAGR (2025-2035) 3.6%

    Major Players

    BP Plc (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ENEOS Corporation, ExxonMobil Corporation, GS Caltex, Idemitsu Kosan Co. Ltd, Indian Oil Corporation Limited, Royal Dutch Shell Plc, TotalEnergies

    APAC Lubricants Market Trends

      • Increasing Integration of Renewable Energies is Driving the Market Growth

    Examples of this approach include trade exhibitions and advertising campaigns, in which businesses provide free gifts or samples to customers in an effort to raise their interest in and knowledge of lubricants.

    The increased awareness of substitutes for products connected to mineral oil has led to a growth in the market for lubricants for large-scale businesses. Throughout the projected period, the growing automotive industry and industrial growth are anticipated to propel demand for synthetic oils. Since synthetic mineral oils are more efficient than natural mineral oils, their use has increased. They are gradually taking the role of natural mineral oils as the go-to option in a number of industries where great consistency is required. The most common synthetic base oil used in automotive and industrial applications is polyalphaolefin.

    They have better viscosity index, lower pour point, improved oxidative/thermal stability, and decreased volatility due to their inherent physical and chemical characteristics. Thus, driving the lubricants market revenue.

    APAC Lubricants Market Drivers

    Market Segment Insights

    Lubricants End User Insights

    The APAC Lubricants market segmentation, based on end user includes Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation and Other End-user Industries. The automotive segment dominated the market mostly The automotive industry experiences increased need for lubricants due to its many applications in brakes, engines, clutches, and gears. Engine oils, brake fluids, and gear oils are becoming increasingly widely used because they lessen friction between surfaces that come into contact with one another and shield car parts from harm. All around Asia Pacific, the amount of cars owned has significantly increased.

    Figure 1: APAC Lubricants Market, by End User, 2022 & 2032 (USD Billion) Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Lubricants Product Type Insights

    The APAC Lubricants market segmentation, based on product type, includes Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils, and Other Product Types. The engine oils category generated the most income. This is a result of the world's transportation industry expanding, the demand for cars rising, and consumers becoming more conscious of the benefits of lubricating their cars—particularly how important they are for improving mileage and extending vehicle lifespan.

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    Regional Insights

    The APAC lubricants market is growing rapidly over the forecast period. The fast industrialization of various nations in the region and the growing number of car owners have been major factors driving revenue growth in this market. The market's growth has also been assisted by the rising demand for premium lubricants with cutting-edge characteristics including increased performance, longer lifespans, and fuel efficiency. Further boosting the market's expansion is the huge increase in lubricant consumption brought about by the flurry of building and infrastructure development activities in Southeast Asian nations like Vietnam, Indonesia, and the Philippines.

    Figure 2: APAC LUBRICANTS MARKET SHARE BY REGION 2022 (USD Billion)APAC LUBRICANTS MARKET SHARE BY REGION 2022Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the lubricants market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, lubricants industry must offer cost-effective items.

    Key Companies in the APAC Lubricants Market market include

    Industry Developments

    Market Segmentation

    Lubricants End User Outlook

    • Automotive
    • Heavy Equipment
    • Metallurgy & Metalworking
    • Power Generation
    • Other End-user Industries

    Lubricants Regional Outlook

    Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific

    Lubricants Product Type Outlook

    • Engine Oils
    • Greases
    • Hydraulic Fluids
    • Metalworking Fluids
    • Transmission & Gear Oils
    • Other Product Types

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 USD 77.38 Billion
    Market Size 2025 USD 80.17 Billion
    Market Size 2034 USD 110.23 Billion
    Compound Annual Growth Rate (CAGR) 3.60% (2025-2034)
    Base Year 2024
    Market Forecast Period 2025-2034
    Historical Data 2020-2024
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered End User, Product Type, and Region
    Region Covered APAC
    Countries Covered China, Japan, India, Australia, South Korea
    Key Companies Profiled BP Plc (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ENEOS Corporation, ExxonMobil Corporation, GS Caltex, Idemitsu Kosan Co. Ltd, Indian Oil Corporation Limited, Royal Dutch Shell Plc and TotalEnergies
    Key Market Opportunities Growing Use of Source of High-Performance Lubricants
    Key Market Dynamics Growing Industrial Sector Requirement for Better Lubrication Demand from the Expanding Wind Power Industry Source

    Market Highlights

    Author
    Garvit Vyas
    Analyst

    Explore the profile of Garvit Vyas, one of our esteemed authors at Market Research Future, and access their expert research contributions in the field of market research and industry analysis

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    FAQs

    How much is the lubricants market?

    The APAC Lubricants market size was valued at USD 72.1 Billion in 2022.

    What is the growth rate of the lubricants market?

    The market is projected to grow at a CAGR of 3.60% during the forecast period, 2025-2034.

    Who are the key players in the lubricants market?

    The key players in the market are BP Plc (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ENEOS Corporation, ExxonMobil Corporation, GS Caltex, Idemitsu Kosan Co. Ltd, Indian Oil Corporation Limited, Royal Dutch Shell Plc and TotalEnergies.

    Which product type led the lubricants market?

    The engine oil category dominated the market in 2022.

    Which end user had the largest market share in the lubricants market?

    The automotive category had the largest share in the market.

    1. EXECUTIVE SUMMARY
    2. MARKET INTRODUCTION
      1. Definition
      2. Scope of the Study
        1. Research
    3. Objective
      1. Assumptions
        1. Limitations
    4. RESEARCH METHODOLOGY
      1. Overview
      2. Data Mining
      3. Secondary Research
      4. Primary Research
        1. Primary
    5. Interviews and Information Gathering Process
      1. Breakdown of Primary
    6. Respondents
      1. Forecasting Modality
      2. Market Size Estimation
        1. Bottom-Up Approach
        2. Top-Down Approach
    7. Data Triangulation
      1. Validation
    8. MARKET DYNAMICS
      1. Overview
      2. Drivers
      3. Restraints
    9. Opportunities
    10. MARKET FACTOR ANALYSIS
      1. Value Chain Analysis
      2. Porter’s Five Forces Analysis
        1. Bargaining Power
    11. of Suppliers
      1. Bargaining Power of Buyers
        1. Threat
    12. of New Entrants
      1. Threat of Substitutes
        1. Intensity
    13. of Rivalry
      1. COVID-19 Impact Analysis
        1. Market Impact
    14. Analysis
      1. Regional Impact
        1. Opportunity and Threat
    15. Analysis
    16. APAC LUBRICANTS MARKET, BY END USER
      1. Overview
      2. Automotive
      3. Heavy Equipment
      4. Metallurgy
    17. & Metalworking
      1. Power Generation
      2. Other End-user
    18. Industries
    19. APAC LUBRICANTS MARKET, BY PRODUCT TYPE
    20. Overview
      1. Engine Oils
      2. Greases
      3. Hydraulic
    21. Fluids
      1. Metalworking Fluids
      2. Transmission & Gear
    22. Oils
      1. Other Product Types
    23. APAC LUBRICANTS MARKET, BY
    24. REGION
      1. Overview
      2. Asia-Pacific
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
    25. COMPETITIVE LANDSCAPE
      1. Overview
      2. Competitive Analysis
      3. Market Share Analysis
      4. Major Growth Strategy in the APAC Lubricants
    26. Market,
      1. Competitive Benchmarking
      2. Leading Players
    27. in Terms of Number of Developments in the APAC Lubricants Market,
    28. Key developments and Growth Strategies
      1. New Product type Launch/Service
    29. Deployment
      1. Merger & Acquisitions
        1. Joint Ventures
      2. Major Players Financial Matrix
        1. Sales & Operating
    30. Income, 2022
      1. Major Players R&D Expenditure. 2022
    31. COMPANY PROFILES
      1. BP Plc (Castrol)
        1. Company
    32. Overview
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
    33. Key Strategies
      1. China National Petroleum Corporation
    34. Company Overview
      1. Financial Overview
        1. Products
    35. Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. China Petroleum & Chemical Corporation
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
    36. SWOT Analysis
      1. Key Strategies
      2. ENEOS Corporation
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
    37. SWOT Analysis
      1. Key Strategies
      2. ExxonMobil Corporation
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
    38. SWOT Analysis
      1. Key Strategies
      2. GS Caltex
        1. Company Overview
        2. Financial Overview
    39. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. IDEMITSU KOSAN CO. LTD
        1. Company Overview
        2. Financial Overview
    40. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. Indian Oil Corporation Limited
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
    41. SWOT Analysis
      1. Key Strategies
      2. Royal Dutch Shell
    42. Plc
      1. Company Overview
        1. Financial Overview
        2. Products Offered
        3. Key Developments
    43. SWOT Analysis
      1. Key Strategies
      2. TotalEnergies
        1. Company Overview
        2. Financial Overview
        3. Products Offered
        4. Key Developments
    44. SWOT Analysis
      1. Key Strategies
    45. APPENDIX
      1. References
      2. Related Reports
    46. LIST
    47. OF TABLES
    48. BILLION)
    49. 2034 (USD BILLION)
    50. BY PRODUCT TYPE, 2025-2034 (USD BILLION)
    51. RESEARCH PROCESS
    52. MARKET
    53. APAC LUBRICANTS MARKET, SHARE (%), BY PRODUCT TYPE, 2021
    54. LUBRICANTS MARKET, SHARE (%), BY REGION, 2021
    55. FINANCIAL OVERVIEW SNAPSHOT
    56. CHINA PETROLEUM & CHEMICAL CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
    57. ENEOS CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
    58. SWOT ANALYSIS
    59. CALTEX: FINANCIAL OVERVIEW SNAPSHOT
    60. IDEMITSU KOSAN CO. LTD: SWOT ANALYSIS
    61. LIMITED: FINANCIAL OVERVIEW SNAPSHOT
    62. LIMITED: SWOT ANALYSIS
    63. SNAPSHOT
    64. TOTALENERGIES: FINANCIAL OVERVIEW SNAPSHOT
    65. SWOT ANALYSIS

    APAC Lubricants Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    APAC Lubricants Market Research Report- Forecast till 2034 Infographic
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