Comparing 20 vendors in Lubricants across 101 criteria.

The Lubricants Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Lubricants. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 150 companies of which the Top 20 Lubricants Companies were categorized and recognized as the quadrant leaders.

Market Leadership Quadrant
Market Presence
Contenders Contenders
Market Leaders Market Leaders
Emerging Companies Emerging Companies
Innovators Innovators
LUKOIL - PJSC "LUKOIL
Sinopec
BP
Chevron
Idemitsu Kosan
PetroChina
Valvoline
Petronas
Eneos
Shell
TotalEnergies
Phillips 66
Eni
Petrobras
Gulf Oil
Amsoil
Rosneft - PJSC Rosneft
Exxon Mobil Corporation
Fuchs SE
Gazprom Neft
Product Footprint
copyright

 INTRODUCTION

    1.1 Study Objectives
    1.2 Market Definition
    1.3 Market Scope

        1.3.1 Lubricants Market Segmentation and Regional Spread
        1.3.2 Lubricants Market: Inclusions & Exclusions
        1.3.3 Lubricants Market: Market Definitions and Inclusions, By Base Oil
        1.3.4 Lubricants Market: Market Definitions and Inclusions, By Product
              Type
        1.3.5 Lubricants Market: Market Definitions and Inclusions, By End-Use
              Industry
        1.3.6 Years Considered
        1.3.7 Currency Considered
        1.3.8 Units Considered

    1.4 Stakeholders
    1.5 Summary of Changes


2 MARKET OVERVIEW

    2.1 Introduction
    2.2 Market Dynamics

        2.2.1 Drivers

            2.2.1.1 Growing demand for high-performance engines and rising
                    awareness of oil changes
            2.2.1.2 Increase in supply of Group II and Group III base oil
            2.2.1.3 Emission and fuel efficiency norms in emerging markets
            2.2.1.4 Increasing Use in mining, construction, agriculture, and
                    marine industries

        2.2.2 Restraints

            2.2.2.1 Geopolitical uncertainty impacting supply chains
            2.2.2.2 Rising demand for electric vehicles and reducing price of
                    batteries

        2.2.3 Opportunities

            2.2.3.1 Leveraging e-commerce industry to increase customer reach
            2.2.3.2 Increasing demand for renewable energy
            2.2.3.3 Growth in demand for bio-based lubricants

        2.2.4 Challenges

            2.2.4.1 Stringent environmental norms and continuous reforms by
                    governments
            2.2.4.2 Volatile raw material prices

    2.3 Porter’s Five Forces Analysis

        2.3.1 Threat of Substitutes
        2.3.2 Threat of New Entrants
        2.3.3 Bargaining Power of Suppliers
        2.3.4 Bargaining Power of Buyers
        2.3.5 Intensity of Competitive Rivalry

    2.4 Supply Chain Analysis

        2.4.1 Raw Material Suppliers
        2.4.2 Manufacturers
        2.4.3 Distribution Network
        2.4.4 End-Use Industries

    2.5 Trends/Disruptions Impacting Customers’ Businesses
    2.6 Ecosystem Analysis
    2.7 Key Conferences & Events in 2025–2026
    2.8 Investment and Funding Scenario


3 COMPETITIVE LANDSCAPE

    3.1 Introduction
    3.2 Key Players’ Strategies/Right to Win
    3.3 Market Share Analysis, 2024
    3.4 Revenue Analysis, 2020−2024
    3.5 Company Evaluation Matrix: Lubricants Market, 2024

        3.5.1 Stars
        3.5.2 Emerging Leaders
        3.5.3 Pervasive Players
        3.5.4 Participants
        3.5.5 Company Footprint: Key Players, 2024

            3.5.5.1 Company footprint
            3.5.5.2 Region footprint
            3.5.5.3 Base oil footprint
            3.5.5.4 Product type footprint
            3.5.5.5 End-Use industry footprint

    3.6 Company Valuation and Financial Metrics
    3.7 Product Comparison
    3.8 Competitive Scenario

        3.8.1 Product Launches
        3.8.2 Deals
        3.8.3 Expansions
        3.8.4 Other Developments


4 COMPANY PROFILES

    4.1 EXXON MOBIL CORPORATION

        4.1.1 Business overview
        4.1.2 Products/Solutions/Services offered
        4.1.3 Recent developments

    4.2 TOTALENERGIES SE

        4.2.1 Business overview
        4.2.2 Products/Solutions/Services offered
        4.2.3 Recent developments

    4.3 SHELL PLC

        4.3.1 Business overview
        4.3.2 Products/Solutions/Services offered
        4.3.3 Recent developments

    4.4 CHEVRON CORPORATION

        4.4.1 Business overview
        4.4.2 Products/Solutions/Services offered
        4.4.3 Recent developments

    4.5 BP P.L.C.

        4.5.1 Business overview
        4.5.2 Products/Solutions/Services offered
        4.5.3 Recent developments

    4.6 PETROCHINA COMPANY LIMITED

        4.6.1 Business overview
        4.6.2 Products/Solutions/Services offered
        4.6.3 Recent developments

    4.7 CHINA PETROLEUM & CHEMICAL CORPORATION

        4.7.1 Business overview
        4.7.2 Products/Solutions/Services offered
        4.7.3 Recent developments

    4.8 ENEOS HOLDINGS, INC.

        4.8.1 Business overview
        4.8.2 Products/Solutions/Services offered
        4.8.3 Recent developments

    4.9 IDEMITSU KOSAN CO., LTD.

        4.9.1 Business overview
        4.9.2 Products/Solutions/Services offered
        4.9.3 Recent developments

    4.10 PETROLIAM NASIONAL BERHAD (PETRONAS)

        4.10.1 Business overview
        4.10.2 Products/Solutions/Services offered
        4.10.3 Recent developments

 
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Company List Full List

Company List +

Icon Company
Icon Headquarters
Icon Year Founded
Icon Holding Type
Amsoil Superior, USA 1969 Private
BP London, UK 1909 Public
Chevron Houston, Texas, US 1879 Public
Eneos Tokyo, Tokyo 2010 Public
Eni Rome, Italy 1953 Public
 
Frequently Asked Questions (FAQs)
Lubricants are substances that are used to reduce friction between two surfaces that come into contact with each other, such as mechanical parts or machinery. They reduce friction and wear by forming a thin film between the surfaces in contact. Mineral oils, synthetic oils, biodegradable oils, and grease are all types of lubricants. They are used in a variety of industries, including automotive, industrial machinery, marine, aerospace, and energy. Lubricants are made through the refining and blending of base oils and additives. The choice of lubricant is determined by the operating conditions of the machinery, the type of machinery, and the lubricant's performance requirements.
Lubricants come in a variety of forms, each with its own set of properties and characteristics. Some of the lubricant types include: 1. Mineral oil-based lubricants: The most common type of lubricant, derived from crude oil. They are used in a variety of industries and applications, including automotive, industrial, and marine. 2. Synthetic lubricants: These are made from chemical compounds, can outperform mineral oil-based lubricants. They are frequently used in high-performance applications because they can withstand high temperatures and pressures. 3. Bio-based lubricants: These are environmentally friendly and made from renewable sources such as vegetable oils. They are frequently used in industries concerned with sustainability and lowering their carbon footprint. 4. Greases: They are thick lubricants with a base oil and a thickener that help them stay in place and provide long-lasting lubrication. They are frequently used in applications where a liquid lubricant would be ineffective.
Lubricants are utilised in a variety of industries and applications. Lubricants are used in the automotive industry to reduce friction and wear in engines, transmissions, and differentials, as well as to dissipate heat. In the industrial sector, they are used to reduce friction and wear and to improve efficiency in heavy machinery such as turbines, compressors, and hydraulic systems. Lubricants are used in aerospace to ensure the safe and reliable operation of aircraft engines, landing gears, and other critical systems. Lubricants are used in ship engines, propulsion systems, and other critical equipment in marine applications. Lubricants are also required for construction machinery to operate safely and efficiently. Lubricants are also used in food processing, pharmaceuticals, and a variety of other applications where cleanliness, safety, and efficiency are critical.
Lubricants reduce friction and wear by forming a thin film between two surfaces in contact. This film keeps the metal surfaces from directly contacting each other, reducing heat and wear. Lubricants can also dissipate heat and protect metal surfaces from corrosion and other forms of damage. Different lubricants have different properties and are designed for specific applications. Some are made to withstand high temperatures, pressures, and loads, while others are made to operate at low temperatures or in clean environments. Finally, the choice of lubricant is determined by the specific application and operating conditions.
Lubricant manufacturing typically involves the combination of base oils and additives that are blended together to produce the final product. Base oils can be made from crude oil or from other sources, such as synthetic or bio-based oils. Additives are used to improve the lubricant's performance and properties, such as viscosity, wear resistance, corrosion inhibition, and extreme pressure resistance. To ensure that the final product meets the desired specifications, the blending process involves carefully controlling the ratios of base oils and additives. Before being distributed for use in various industries and applications, the lubricant is packaged and tested to ensure that it meets the required quality standards.
The lubricants market faces several key challenges, including: 1. Sustainability: There is a growing demand for environmentally friendly and sustainable lubricants, which is increasing pressure to develop and implement bio-based lubricants and reduce the environmental impact of traditional petroleum-based lubricants. 2. Regulation: Emissions and environmental impact regulations are becoming increasingly stringent, posing additional challenges for lubricant manufacturers to meet. 3. Competition: The lubricants market is extremely competitive, with numerous players offering a diverse range of products. Smaller players find it difficult to compete effectively and maintain market share as a result. 4. Cost pressures: The price of raw materials such as base oils and additives can vary significantly, affecting production costs and profitability. 5. Technological advances: Technological advancements in machinery and equipment are driving the demand for lubricants with new and improved properties such as increased temperature resistance and longer service life, which can be difficult to develop and manufacture.
Synthetic lubricants have several advantages over traditional mineral-based lubricants. To begin with, synthetic lubricants have superior lubricating properties due to their molecular structure, providing better wear protection and reducing friction. They also have better viscosity-temperature performance, allowing them to maintain their lubricating properties over a wider temperature range. Second, synthetic lubricants have a longer service life than mineral-based lubricants, reducing the need for frequent oil changes and increasing the interval between maintenance intervals. Third, synthetic lubricants have better oxidation and thermal stability, reducing the formation of deposits and sludge and extending lubricant life. Finally, synthetic lubricants can improve fuel efficiency by reducing friction and wear, resulting in lower operating costs and environmental impact.
Lubricants can have an impact on the environment throughout their lifecycle, from production to disposal. The extraction and processing of raw materials used in lubricants, such as crude oil, can cause environmental damage and contribute to greenhouse gas emissions during production. Lubricant use can also result in the release of pollutants into the environment, such as heavy metals. Lubricants that are improperly disposed of can contaminate soil and water, and their components can take a long time to degrade, potentially causing long-term environmental damage.  Furthermore, lubricants can have indirect environmental effects, such as increasing energy consumption and emissions when used in machinery and equipment.
Several trends are expected to shape the future outlook for the lubricants market, including a growing focus on sustainability, rising demand for high-performance lubricants, and the ongoing shift towards digitalization and automation. Demand for sustainable lubricants is expected to rise as regulations tighten and customers become more environmentally conscious. This will result in a greater use of bio-based and renewable lubricants. There will also be a continued emphasis on developing high-performance lubricants that can meet the needs of modern machinery and equipment, which are becoming increasingly complex and demanding. Finally, digitalization and automation are expected to create new opportunities for lubricant manufacturers to improve efficiency and reduce costs. This includes the use of sensors and data analytics to optimise lubricant performance and lower maintenance costs.
Some of the new trends in the market for lubricants are: 1. Bio-based lubricants: There is a growing need for lubricants that are more sustainable and better for the environment. This is driving the development of lubricants made from renewable resources, called bio-based lubricants. 2. High-performance lubricants: The increasing complexity and demands of modern machinery and equipment are driving the need for lubricants with higher levels of performance, such as higher resistance to temperature and pressure and longer service life. 3. Digitalization and automation: The use of sensors, data analytics, and other digital technologies is changing the lubricants market, allowing manufacturers to improve lubricant performance, lower maintenance costs, and increase efficiency. 3. Shift towards electric vehicles: As the auto industry moves towards electric cars, there is a growing need for lubricants that work best in electric powertrains, such as ones that are better at conducting electricity and don't react badly with electric parts. 4. Circular economy: The lubricants market is paying more attention to circular economy principles, such as creating closed-loop systems for lubricant use, recycling and re-refining used lubricants, and reducing waste and emissions throughout the lifecycle of a product.
Top lubricant companies like Shell plc, ExxonMobil Corp., BP plc, Chevron Corp., TotalEnergies, Sinopec and PetroChina Company Ltd. are categorized as quadrant leaders, contributing significantly to the market.
The Lubricants Quadrant analysis provides valuable insights into market trends, player evaluations, and technological advancements, aiding businesses in making informed strategic decisions.
Lubricant companies can expand by adopting strategies like geographic expansions, new product launches, partnerships, and acquisitions to meet growing demand, especially in emerging economies.
Lubricants companies can strengthen their competitive edge by investing in technological advancements, innovative product development, and strategic partnerships.
Lubricants companies provide high-quality lubricants that minimize friction and wear, leading to reduced maintenance needs and overall cost savings for businesses.
Lubricants companies adhere to rigorous quality control standards, testing their products for performance, viscosity, and other critical factors to ensure consistent quality.
Lubricants companies offer specialized lubricants for heavy machinery in the construction industry, promoting equipment longevity and efficient operation.
Lubricants companies contribute to increased industrial productivity by supplying lubricants that enhance machinery efficiency, reduce energy consumption, and prevent downtime.
Lubricants companies play a role in environmental sustainability by providing lubricants that improve energy efficiency, reduce emissions, and prolong the lifespan of equipment.
Lubricants companies can expand globally through partnerships, new product launches, and establishing distribution networks in emerging markets.
Lubricants companies offer a range of specialized lubricants designed to meet the unique requirements of industries such as automotive, manufacturing, and agriculture.
Lubricants companies focus on factors like performance in extreme conditions, environmental impact, and compatibility with different materials when developing new products.
Lubricants companies provide robust lubrication solutions that protect heavy machinery in the mining sector from wear and corrosion, extending their operational lifespan.
Lube oils are fluid lubricants, grease is a semi-solid lubricant, and dry lubricants are solid materials applied to reduce friction. Each serves specific purposes based on the application.
Synthetic oils offer superior temperature stability, extended drain intervals, and better protection against engine wear compared to conventional motor oils.
Gear oil is widely used in industrial gearboxes and machinery to provide lubrication and cooling, ensuring smooth and efficient operation under heavy loads.
Silicone oil's heat-resistant properties make it ideal for high-temperature applications where other lubricants might degrade or evaporate.
Dry lubricants, like graphite and molybdenum disulfide, provide excellent lubrication in environments where traditional lubricants might attract dust or contaminants.
Grease is often applied to areas with slow-moving parts or where continuous lubrication is required, forming a protective layer that reduces friction and wear.
Synthetic oils have consistent molecular structure, offering better resistance to breakdown, improved cold start performance, and enhanced fuel efficiency for modern engines.
Motor oil additives, when mixed with base oil, can provide benefits such as better viscosity, improved fuel economy, and enhanced protection against engine wear.
Gear oil finds extensive use in industries like automotive, manufacturing, and heavy machinery, where gears and transmissions require effective lubrication.
Lubricants manufacturers produce a range of products, including motor oil and gear oil, formulated to meet the specific requirements of automotive engines and transmissions.
The demand for lubricants in the automotive sector is driven by rising population, rapid urbanization, increasing trade, and changing lifestyles in developing nations.
Lubricants reduce friction and prevent wear, ensuring smooth operation and extended lifespan of equipment, which in turn enhances reliability.
Solid lubricants provide long-lasting protection, even in high-temperature and extreme conditions, making them suitable for specialized industrial applications.
Lubricants reduce friction, leading to improved efficiency, reduced energy consumption, and smoother manufacturing processes across industries.
Lubricants promote environmental sustainability by enhancing machinery efficiency, reducing energy consumption, and extending equipment lifespan, thus minimizing resource use and waste.
Lubricants aid in heat dissipation, helping machinery maintain optimal operating temperatures and reducing the risk of overheating and malfunctions.
Industries such as automotive, manufacturing, construction, mining, and household appliances benefit significantly from the use of lubricants to improve efficiency and reduce wear.
Lubricants create a protective barrier between surfaces, reducing friction and wear, which enhances equipment performance and longevity.
In the automotive sector, mineral oil lubricants are expected to dominate due to increasing demand in developing countries of Asia Pacific, the Middle East & Africa, and South America.
Lubricants aid in heat dissipation, ensuring machines operate at optimal temperatures, which reduces the risk of overheating and malfunctions.
Lubricants provide essential protection against corrosion, preserving the integrity of metal surfaces and preventing damage, especially in harsh environments.
The Lubricants Quadrant provides insights into key market players, technological advancements, product innovations, and emerging trends, helping businesses make informed decisions and stay competitive.
 
 
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