Lubricants are forecast to have a market value of over 190 billion U.S. dollars worldwide by 2027. Lubricants are substances used to reduce friction between surfaces that have contact in order to reduce wear and tear on those materials.
Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
MarketsandMarkets. (November 4, 2022). Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets. "Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars)." Chart. November 4, 2022. Statista. Accessed December 26, 2024. https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets. (2022). Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets. "Market Value of Lubricants from Base Oils Worldwide in 2022, with a Forecast for 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Nov 2022, https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets, Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1072124/global-lubricants-market-size/ (last visited December 26, 2024)
Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars) [Graph], MarketsandMarkets, November 4, 2022. [Online]. Available: https://www.statista.com/statistics/1072124/global-lubricants-market-size/
