The Asia-Pacific region is the largest regional market for fluids and lubricants. As of 2023, its market value was estimated at nearly 59 billion U.S. dollars. This was more than twice the North American market value, with figures for Asia-Pacific forecast to exceed 70 billion U.S. dollars by 2030.
More information on the fluids and lubricants market can be found here.
Market value of fluids and lubricants worldwide in 2023, with a forecast for 2030, by region
(in billion U.S. dollars)
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Extrapolate. (March 31, 2024). Market value of fluids and lubricants worldwide in 2023, with a forecast for 2030, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1461766/global-fluids-and-lubricants-market-value-forecast-by-region/
Extrapolate. "Market value of fluids and lubricants worldwide in 2023, with a forecast for 2030, by region (in billion U.S. dollars)." Chart. March 31, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1461766/global-fluids-and-lubricants-market-value-forecast-by-region/
Extrapolate. (2024). Market value of fluids and lubricants worldwide in 2023, with a forecast for 2030, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1461766/global-fluids-and-lubricants-market-value-forecast-by-region/
Extrapolate. "Market Value of Fluids and Lubricants Worldwide in 2023, with a Forecast for 2030, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Mar 2024, https://www.statista.com/statistics/1461766/global-fluids-and-lubricants-market-value-forecast-by-region/
Extrapolate, Market value of fluids and lubricants worldwide in 2023, with a forecast for 2030, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1461766/global-fluids-and-lubricants-market-value-forecast-by-region/ (last visited November 22, 2024)
Market value of fluids and lubricants worldwide in 2023, with a forecast for 2030, by region (in billion U.S. dollars) [Graph], Extrapolate, March 31, 2024. [Online]. Available: https://www.statista.com/statistics/1461766/global-fluids-and-lubricants-market-value-forecast-by-region/
