Singapore Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Singapore Lubricants Market report segments the industry into Product Type (Engine Oil, Transmission & Gear Oil, Metalworking Fluid, Hydraulic Fluid, Grease, Other Product Types) and End-User Industry (Power Generation, Automotive, Heavy Equipment, Metallurgy and Metalworking, Other End-User Industries). Five years of historical insights and a five-year forecast are provided.

Singapore Lubricants Market Size

Singapore Lubricants Market Summary
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Singapore Lubricants Market Analysis

The Singapore Lubricants Market is expected to register a CAGR of greater than 3% during the forecast period.

The COVID-19 outbreak in 2020 and the first half of 2021 significantly affected the industrial and automotive sectors, caused major production disruptions, and negatively affected customers' purchasing power in Singapore, limiting the Singapore lubricants market growth. However, the industry recovered well in 2022, as the situation became normal. The number of motor vehicles on the road in the country was 988,755 units by the end of 2022.

  • Over the medium term, one of the major factors driving the market studied is the growing demand for new automotive vehicles.
  • On the flip side, the growing adoption of electric vehicles will likely hinder the market's growth.
  • Furthermore, the increasing adoption of bio-based lubricants is likely an opportunity.
  • The automotive and other transportation industries dominated the market, expected to grow during the forecast period.

Singapore Lubricants Industry Overview

The Singapore lubricants market is fragmented in nature. Some of the major players in the market include (not in a particular manner) BP PLC (Castrol), Exxon Mobil Corporation, Shell plc, Chevron Corporation, and TotalEnergies SE.

Singapore Lubricants Market Leaders

  1. Exxon Mobil Corporation

  2. BP PLC (Castrol)

  3. Chevron Corporation

  4. Shell plc

  5. TotalEnergies SE

  6. *Disclaimer: Major Players sorted in no particular order
Singapore Lubricants Market Concentration
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Singapore Lubricants Market News

  • June 2022: ExxonMobil plans to upgrade its residual production into higher-value lubricant base stocks and cleaner fuels as part of its Singapore Resid Upgrade Project. The oil major is expected to add about 20,000 barrels per day of light, heavy, and extra-heavy lubricant base stocks when it completes upgrades at its Singapore integrated refining and petrochemical complex in 2025.
  • March 2022: Motul expanded its presence all around the globe. The company launched a new, state-of-the-art Motul regional warehouse in Singapore, the Motul Asia Hub. The 700,000 sq ft facility support and enhances Motul's supply chain across the Asia-Pacific region by consolidating warehousing and inventory operations.

Singapore Lubricants Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand for New Automotive Vehicles
    • 4.1.2 Active Ship Building and Repair Industry
  • 4.2 Restraints
    • 4.2.1 Growing Adoption of Electric Vehicles
    • 4.2.2 Other Restraints
  • 4.3 Value Chain / Supply Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Product Type
    • 5.1.1 Engine Oil
    • 5.1.2 Transmission & Gear Oil
    • 5.1.3 Metalworking Fluid
    • 5.1.4 Hydraulic Fluid
    • 5.1.5 Grease
    • 5.1.6 Other Product Types
  • 5.2 End-user Industry
    • 5.2.1 Power Generation
    • 5.2.2 Automotive
    • 5.2.3 Heavy Equipment
    • 5.2.4 Metallurgy and Metalworking
    • 5.2.5 Other End-user Industries

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share(%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 AP Oil
    • 6.4.2 BP PLC (Castrol)
    • 6.4.3 Chevron Corporation
    • 6.4.4 Exxon Mobil Corporation
    • 6.4.5 Fuchs
    • 6.4.6 Idemitsu Kosan Co. Ltd
    • 6.4.7 Motul
    • 6.4.8 Shell plc
    • 6.4.9 TotalEnergies SE
    • 6.4.10 United Oil Company Pte Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Adoption of Bio-based Lubricants
**Subject to Availability
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Singapore Lubricants Industry Segmentation

A lubricant is a fluidic material that primarily reduces friction between surfaces that come into contact. Lubricant reduces energy loss caused by friction. At the same time, it can be beneficial in cleaning, cooling, and protecting metal parts from corrosion and rust and helps solve many other challenges a machine faces during operation. Singapore lubricants market is segmented by product type and end-user industry. By product type, the market is segmented into engine oils, greases, hydraulic fluids, metalworking fluids, transmission and gear oils, and other product types. By end-user industry, the market is segmented into automotive, heavy equipment, metallurgy and metalworking, power generation, and other end-user industries. For each segment, the market sizing and forecasts have been done based on volume (million liters).

Product Type Engine Oil
Transmission & Gear Oil
Metalworking Fluid
Hydraulic Fluid
Grease
Other Product Types
End-user Industry Power Generation
Automotive
Heavy Equipment
Metallurgy and Metalworking
Other End-user Industries
Product Type
Engine Oil
Transmission & Gear Oil
Metalworking Fluid
Hydraulic Fluid
Grease
Other Product Types
End-user Industry
Power Generation
Automotive
Heavy Equipment
Metallurgy and Metalworking
Other End-user Industries
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Singapore Lubricants Market Research FAQs

What is the current Singapore Lubricants Market size?

The Singapore Lubricants Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Singapore Lubricants Market?

Exxon Mobil Corporation, BP PLC (Castrol), Chevron Corporation, Shell plc and TotalEnergies SE are the major companies operating in the Singapore Lubricants Market.

What years does this Singapore Lubricants Market cover?

The report covers the Singapore Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Singapore Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Page last updated on: June 16, 2024

Singapore Lubricants Industry Report

Statistics for the 2025 Singapore Lubricants market share, size and revenue growth rate, created by Mordor Intelligenceâ„¢ Industry Reports. Singapore Lubricants analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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