Europe Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 6.30 Billion Liters |
| Market Volume (2026) | 6.53 Billion Liters |
| CAGR (2024 - 2026) | 1.81 % |
| Market Concentration | High |
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Europe Lubricants Market Analysis
The Europe Lubricants Market size is estimated at 6.30 Billion Liters in 2024, and is expected to reach 6.53 Billion Liters by 2026, growing at a CAGR of 1.81% during the forecast period (2024-2026).
- Largest Segment by End-user Industry - Automotive : Due to the high volume of engine and gear oil used in motor vehicles compared to any other industrial application, automotive was the largest end user among all categories.
- Fastest Segment by End-user Industry - Power Generation : Due to the rising demand for energy from wind turbines and a steep drop in wind turbine installation costs, power generation is Europe's fastest-growing lubricants' end user.
- Largest Country Market - Russia : Germany is the largest lubricant user in Europe, with a higher number of motor vehicles, wind turbines, and industrial machinery than any other country in the region.
- Fastest Growing Country Market - France : Due to increases in end users of renewable power & electric vehicle penetration, France is the fastest growing in terms of lubricant consumption among all European countries.
Europe Lubricants Market Trends
This section covers the major market trends shaping the Europe Lubricants Market according to our research experts:
Largest Segment By End User : <span style="font-family: 'regular_bold';color:#0e7db3;">Automotive</span>
- In 2020, the European lubricant market was dominated by the automotive industry, which accounted for around 49% of the total lubricant consumption in the region. In 2015-2019, lubricant consumption in the automotive industry increased by around 3.5%.
- In 2020, COVID-19-related restrictions led to declined maintenance requirements from several industries. The major impact was observed in the automotive industry, which recorded a dip of 15.7%, followed by heavy equipment (11.45%) during 2019-2020.
- Power generation is likely to be the fastest-growing end-user industry in the market studied, with a CAGR of 2.54% over the period 2021-2026, followed by automotive (2.49%). In Europe, the expanding power generation capacity, especially renewables capacity, is likely to drive the consumption of lubricants in the power generation industry.
Largest Country : <span style="font-family: 'regular_bold';color:#0e7db3;">Russia</span>
- In 2020, Russia was the leading consumer of lubricants in the European region, accounting for around 20% of the total lubricant consumption. During 2015-2019, lubricant consumption in Russia increased by around 9%, higher than most countries in the region.
- In 2020, the COVID-19 pandemic restrained operations of several sectors, thereby restraining lubricant consumption across the European region. Germany was the most affected with a 13.6% drop in its lubricant consumption during 2019-2020, followed by France with a 13.4% drop.
- France is likely to be the fastest-growing lubricant market during 2021-2026, exhibiting a CAGR of 2.33%, closely followed by Russia (2.32%). The expected recovery in automotive production and sales in France is likely to drive the growth of lubricant consumption in the country.
Europe Lubricants Industry Overview
The Europe Lubricants Market is moderately consolidated, with the top five companies occupying 40.14%. The major players in this market are BP Plc (Castrol), ExxonMobil Corporation, Lukoil, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Europe Lubricants Market Leaders
BP Plc (Castrol)
ExxonMobil Corporation
Lukoil
Royal Dutch Shell Plc
TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Europe Lubricants Market News
- May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.
- March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
Europe Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 Automotive Industry Trends
3.2 Manufacturing Industry Trends
3.3 Power Generation Industry Trends
3.4 Regulatory Framework
3.5 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By End User
4.1.1 Automotive
4.1.2 Heavy Equipment
4.1.3 Metallurgy & Metalworking
4.1.4 Power Generation
4.1.5 Other End-user Industries
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Metalworking Fluids
4.2.5 Transmission & Gear Oils
4.2.6 Other Product Types
4.3 By Country
4.3.1 France
4.3.2 Germany
4.3.3 Italy
4.3.4 Russia
4.3.5 Spain
4.3.6 United Kingdom
4.3.7 Rest of Europe
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP Plc (Castrol)
5.3.2 Chevron Corporation
5.3.3 Eni SpA
5.3.4 ExxonMobil Corporation
5.3.5 FUCHS
5.3.6 Gazprom
5.3.7 Lukoil
5.3.8 Rosneft
5.3.9 Royal Dutch Shell Plc
5.3.10 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Europe Lubricants Industry Segmentation
| By End User | |
| Automotive | |
| Heavy Equipment | |
| Metallurgy & Metalworking | |
| Power Generation | |
| Other End-user Industries |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Metalworking Fluids | |
| Transmission & Gear Oils | |
| Other Product Types |
| By Country | |
| France | |
| Germany | |
| Italy | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest of Europe |
Europe Lubricants Market Research FAQs
How big is the Europe Lubricants Market?
The Europe Lubricants Market size is expected to reach 6.30 billion Liters in 2024 and grow at a CAGR of 1.81% to reach 6.53 billion Liters by 2026.
What is the current Europe Lubricants Market size?
In 2024, the Europe Lubricants Market size is expected to reach 6.30 billion Liters.
Who are the key players in Europe Lubricants Market?
BP Plc (Castrol), ExxonMobil Corporation, Lukoil, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Europe Lubricants Market.
Which segment has the biggest share in the Europe Lubricants Market?
In the Europe Lubricants Market, the Automotive segment accounts for the largest share by end user.
Which country has the biggest share in the Europe Lubricants Market?
In 2024, Russia accounts for the largest share by country in the Europe Lubricants Market.
What years does this Europe Lubricants Market cover, and what was the market size in 2023?
In 2023, the Europe Lubricants Market size was estimated at 6.17 billion Liters. The report covers the Europe Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Lubricants Market size for years: 2024, 2025 and 2026.
Europe Lubricants Industry Report
Statistics for the 2024 Europe Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Lubricants analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
