Global lubricants market value 2021-2031, by application

Published by Statista Research Department, Apr 11, 2024

The automotive sector is the greatest user of lubricants and fuel additives worldwide. In 2023, around 12.14 billion U.S. dollars in market value was attributed to the automotive sector. However, the market of lubricants set for the industrial sector is expected to see a greater compound annual growth rate over the following decade.

More information on the lubricant and fuel additives market can be found here.

Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast until 2031, by application (in billion U.S. dollars)

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

In cooperation with
Release date

February 2024

Region

Worldwide

Survey time period

2021 to 2023

Supplementary notes

Figures underlie the following CAGR assumptions for 2024 to 2031:

Automotive - 4.92 percent
Industrial - 5.43 percent

Citation formats
Statista Accounts: Access All Statistics. Starting from $2,388 USD / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Starter Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$199 USD / Month *
Professional Account
Full access

Business Solutions including all features.

* Prices do not include sales tax.

Statistics on " Automotive industry in Russia "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Automotive industry in Russia

Market overview

6

Production

5

Retail

6

Passenger car manufacturers

6

Commercial vehicle manufacturers

4

Electric cars

3

Trade

8

Consumer behavior

4

Further Content: You might find this interesting as well

Topics

Automotive industry in HungaryAutomotive industry worldwideAutomotive retail industry in GermanyAutomotive industry in PolandAutomotive industry in Russia
Statista Accounts: Access All Statistics. Starting from $2,388 USD / Year
Learn more about how Statista can support your business.
Menu