Global lubricants market value 2019-2025

Lubricants are forecast to have a market value of nearly 183 billion U.S. dollars worldwide by 2025. Lubricants are substances used to reduce friction between surfaces that have contact in order to reduce wear and tear on those materials.

Market value of lubricants worldwide from 2019 to 2025

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Source

Release date

June 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

*Figure estimated as of June 2020.
**Forecast figure based on a CAGR of 0.36 percent from the forecast period 2019-2021, which has been updated to reflect the impact of COVID-19 on the global lubricants industry. This figure is from a special edition of the press release available here.
***Forecast based on a CAGR of three percent for the forecast period 2020-2025.
This statistic has been assembled using several editions of the report.

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Statistics on "Lubricants industry"

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