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Market value of industrial lubricants worldwide in 2019 and 2024
(in billion U.S. dollars)
Global industrial lubricants market value 2019 & 2024
Industrial lubricants are forecast to have a global market value of 73 billion U.S. dollars by 2024. These figures include mineral oil, synthetic oil, and bio-based oil.
Market value of industrial lubricants worldwide in 2019 and 2024
(in billion U.S. dollars)
Market value in billion U.S. dollars
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Source

Release date

October 2019

Region

Worldwide

Survey time period

as of October 2019

Supplementary notes

*Figure estimated as of October 2019.
Forecast based on a CAGR of 3.1 percent for the forecast period.

Global industrial lubricants market value 2019 & 2024
Industrial lubricants are forecast to have a global market value of 73 billion U.S. dollars by 2024. These figures include mineral oil, synthetic oil, and bio-based oil.
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