The global market value of lubricants and fuel additives amounted to approximately 19.6 billion U.S. dollars in 2023. This figure is expected to grow further in the coming years, and succeed 27 billion U.S. dollars by 2030. The Asia-Pacific region is set to be largely responsible for this growth.
More information on the lubricant and fuel additives market can be found here.
Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031
(in billion U.S. dollars)
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Extrapolate. (February 13, 2024). Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/1073323/global-lubricants-market-size/
Extrapolate. "Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031 (in billion U.S. dollars)." Chart. February 13, 2024. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/1073323/global-lubricants-market-size/
Extrapolate. (2024). Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/1073323/global-lubricants-market-size/
Extrapolate. "Market Value of Lubricants and Fuel Additives Worldwide from 2021 to 2023, with a Forecast for 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/1073323/global-lubricants-market-size/
Extrapolate, Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1073323/global-lubricants-market-size/ (last visited October 07, 2024)
Market value of lubricants and fuel additives worldwide from 2021 to 2023, with a forecast for 2031 (in billion U.S. dollars) [Graph], Extrapolate, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/1073323/global-lubricants-market-size/
