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)
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Extrapolate. (February 13, 2024). Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast until 2031, by application (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1451059/global-lubricants-market-size-forecast/
Extrapolate. "Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast until 2031, by application (in billion U.S. dollars)." Chart. February 13, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1451059/global-lubricants-market-size-forecast/
Extrapolate. (2024). 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. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1451059/global-lubricants-market-size-forecast/
Extrapolate. "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, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/1451059/global-lubricants-market-size-forecast/
Extrapolate, 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, https://www.statista.com/statistics/1451059/global-lubricants-market-size-forecast/ (last visited November 22, 2024)
Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast until 2031, by application (in billion U.S. dollars) [Graph], Extrapolate, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/1451059/global-lubricants-market-size-forecast/
