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United Kingdom Lubricants Market Size, Share, Growth, Forecast: By Base Oil: Synthetic Oil, Mineral Oil, Bio-Based Oil; By Product Type: Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission and Gear Oils, Others; By End Use: Automotive, Heavy Equipment, Metallurgy and Metalworking, Others; Competitive Landscape; 2024-2032
United Kingdom Lubricants Market Outlook
The United Kingdom lubricants market size reached a value of approximately USD 5.85 billion in 2023. The market is projected to grow at a CAGR of 2.1% between 2024 and 2032, reaching a value of around USD 7.04 billion by 2032.
Key Trends in the Market
A lubricant is any fluid, oil, or grease that is used to reduce friction between two surfaces working in proximity. Lubricants prevent rapid wear and tear of moving parts of a machine while absorbing the heat generated by them. They are widely used across various sectors requiring heavy machinery, including automotive, power generation, and heavy equipment, among others.
- One of the significant United Kingdom lubricants market trends is the increasing demand for high-performance engines from various sectors like automotive, metallurgy and metalworking, and heavy equipment, among others. An engine contains many moving parts, working under high stress and heat, which makes it essential to use high-quality lubricants to enhance its efficiency and durability.
- Rising environmental consciousness and increasing energy costs have prompted manufacturers to reduce power consumption during production. Unlubricated engine parts are more prone to friction and consume more fuel. Hence, the demand for lubricants is rising as they can considerably reduce friction due to their superior density, viscosity, and molecular weights, optimising fuel consumption and reducing energy requirements.
- The growing automotive sector in the United Kingdom is expected to propel the United Kingdom lubricants market in the forecast period. In the automotive sector, lubricants are used to reduce friction between components of vehicles and absorb the heat generated by them to control their temperature. Hence the increasing number of commercial and personal vehicles is expected to expand the market size.
Market Analysis
Based on base oil, the market is segmented into synthetic oil, mineral oil, and bio-based oil. On the basis of product type, the market can be divided into engine oils, greases, hydraulic fluids, metalworking fluids, and transmission and gear oils, among others. On the basis of end use, the United Kingdom lubricants market segmentations include automotive, heavy equipment, metallurgy and metalworking, and power generation, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United Kingdom lubricants market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- BP p.l.c.
- Shell International B.V.
- TotalEnergies S.E.
- Paterson Enterprises Limited
- Liqui Moly GmbH
- Exxon Mobil Corporation
- Exol Lubricants Limited
- Chevron Corporation
- Fuchs Group
- Motul S.A.
- Moove Lubricants Limited
- Others
Market Share by Base Oil
As per the United Kingdom lubricants market analysis, synthetic oils are expected to witness robust growth over the forecast period owing to their ability to perform better than their competitors at low temperatures, which is expanding their applications in the automotive sector. When a small quantity of synthetic oil is mixed with mineral oil, it forms a high-quality and affordable synthetic blend, which is increasingly used to prevent issues like corrosion and engine wear in vehicles.
Meanwhile, in the United Kingdom lubricants market, the demand for mineral oil is likely to surge in various sectors, including metal and mining, as it is cost-effective, versatile, and made with crude oil. Besides, bio-based lubricants are environmentally friendly and more biodegradable than fuel-based lubricants, which is expected to boost their appeal in the coming years.
Market Share by Product Type
Engine oils are expected to represent a significant portion of the United Kingdom lubricants market share over the forecast period as it is widely used in the automotive and transportation sector. Large-sized engines of cars, trucks, and buses require frequent oil changes, which is also driving the segment’s growth. In the construction sector, engine oils are used specifically in construction vehicles.
Competitive Landscape
BP p.l.c. is a British oil and natural gas company headquartered in London, England. It is one the world’s largest oil and gas companies, involved in upstream and downstream activities relating to oil and gas, including extraction, refining, distribution, and marketing, among others. BP also sells various oils, detergents, greases, and other lubricants for trucks, vehicles, and other heavy-duty equipment and machines.
Shell International B.V., founded in 1907, is a British multinational company that deals in oil and gas. The company is headquartered in London, England, and is the one of largest investor-owned oil and gas companies in the world. Shell is one of the world's leading lubricants suppliers, offering lubricants for various sectors, including agriculture, manufacturing, metals, and mining, among others.
TotalEnergies S.E. is a French multinational integrated energy and petroleum company that was founded in 1924. It is involved in the entire oil and gas chain, ranging from exploration, production, and power generation, to petroleum product marketing. TotalEnergies is one of the leading lubricant producers in the world, with 42 production sites, and its lubricants are known to be innovative, high-performance, and environmentally friendly.
Other United Kingdom lubricants market players include Paterson Enterprises Limited, Liqui Moly GmbH, Exxon Mobil Corporation, Exol Lubricants Limited, Chevron Corporation, Fuchs Group, Motul S.A., and Moove Lubricants Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Base Oil |
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| Breakup by Product Type |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Lubricants Market Overview
8.1 Key Industry Highlights
8.2 Global Lubricants Historical Market (2018-2023)
8.3 Global Lubricants Market Forecast (2024-2032)
8.4 Global Lubricants Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 United Kingdom Lubricants Market Overview
9.1 Key Industry Highlights
9.2 United Kingdom Lubricants Historical Market (2018-2023)
9.3 United Kingdom Lubricants Market Forecast (2024-2032)
10 United Kingdom Lubricants Market by Base Oil
10.1 Synthetic Oil
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Mineral Oil
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Bio-Based Oil
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United Kingdom Lubricants Market by Product Type
11.1 Engine Oils
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Greases
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Hydraulic Fluids
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Metalworking Fluids
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Transmission and Gear Oils
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 United Kingdom Lubricants Market by End Use
12.1 Automotive
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Heavy Equipment
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Metallurgy and Metalworking
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Power Generation
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 BP p.l.c.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Shell International B.V.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 TotalEnergies S.E.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Paterson Enterprises Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Liqui Moly GmbH
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Exxon Mobil Corporation
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Exol Lubricants Limited
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Chevron Corporation
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Fuchs Group
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Motul S.A.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Moove Lubricants Limited
14.2.11.1 Company Overview
14.2.11.2 Product Portfolio
14.2.11.3 Demographic Reach and Achievements
14.2.11.4 Certifications
14.2.12 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Lubricants Market: Key Industry Highlights, 2018 and 2032
2. United Kingdom Lubricants Market: Key Industry Highlights, 2018 and 2032
3. United Kingdom Lubricants Historical Market: Breakup by Base Oil (USD Billion), 2018-2023
4. United Kingdom Lubricants Market Forecast: Breakup by Base Oil (USD Billion), 2024-2032
5. United Kingdom Lubricants Historical Market: Breakup by Product Type (USD Billion), 2018-2023
6. United Kingdom Lubricants Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
7. United Kingdom Lubricants Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. United Kingdom Lubricants Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. United Kingdom Lubricants Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 5.85 billion.
The market is projected to grow at a CAGR of 2.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 7.04 billion by 2032.
The robust growth of the automotive and power generation sectors and the increasing focus to enhance the efficiency of engines are the major market drivers.
The key trends in the market are the increasing demand for fuel-efficient engines and the growing preference for bio-based lubricants.
The various end uses of lubricants are automotive, power generation, heavy equipment, and metallurgy and metalworking, among others.
The different product types considered in the market report are engine oils, greases, hydraulic fluids, metalworking fluids, and transmission and gear oils, among others.
The key market players included in the report are BP p.l.c., Shell International B.V., TotalEnergies S.E., Paterson Enterprises Limited, Liqui Moly GmbH, Exxon Mobil Corporation, Exol Lubricants Limited, Chevron Corporation, Fuchs Group, Motul S.A., and Moove Lubricants Limited, among others.
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