The global market for lubricants is expected to grow as a result of demand from developing economies. It is forecast that in 2024, the market value of lubricants in Asia Pacific will amount to more than 73 billion U.S. dollars, making it the largest global lubricant market.
Market value of lubricants worldwide from 2018 to 2019, with a forecast until 2024, by region
(in billion U.S. dollars)
Characteristic
2018
2019*
2021**
2023**
2024**
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Statista. (November 19, 2019). Market value of lubricants worldwide from 2018 to 2019, with a forecast until 2024, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1073358/global-lubricants-market-size-by-region/
Statista. "Market value of lubricants worldwide from 2018 to 2019, with a forecast until 2024, by region (in billion U.S. dollars)." Chart. November 19, 2019. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1073358/global-lubricants-market-size-by-region/
Statista. (2019). Market value of lubricants worldwide from 2018 to 2019, with a forecast until 2024, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1073358/global-lubricants-market-size-by-region/
Statista. "Market Value of Lubricants Worldwide from 2018 to 2019, with a Forecast until 2024, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Nov 2019, https://www.statista.com/statistics/1073358/global-lubricants-market-size-by-region/
Statista, Market value of lubricants worldwide from 2018 to 2019, with a forecast until 2024, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1073358/global-lubricants-market-size-by-region/ (last visited July 22, 2024)
Market value of lubricants worldwide from 2018 to 2019, with a forecast until 2024, by region (in billion U.S. dollars) [Graph], Statista, November 19, 2019. [Online]. Available: https://www.statista.com/statistics/1073358/global-lubricants-market-size-by-region/