Market Size of europe lubricants Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2015 - 2026 |
|
Market Volume (2024) | 6.30 Billion Liters |
|
|
Market Volume (2026) | 6.53 Billion Liters |
|
Largest Share by End User | Automotive |
|
|
CAGR (2024 - 2026) | 1.81 % |
|
Largest Share by Country | Russia |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
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.
