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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.
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.
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.
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.
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.
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.
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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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
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+63 287899028, +63 967 048 3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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