Global industrial lubricants market value 2019 & 2024

Published by Statista Research Department, Dec 20, 2023
Industrial lubricants are forecast to have a global market value of 73 billion U.S. dollars by 2024. These figures include mineral oil, synthetic oil, and bio-based oil.

Market value of industrial lubricants worldwide in 2019, with a forecast for 2024 (in billion U.S. dollars)

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Release date

October 2019

Region

Worldwide

Survey time period

as of October 2019

Supplementary notes

* Figure estimated as of October 2019.
Forecast based on a CAGR of 3.1 percent for the forecast period.

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