Lubricants are forecast to have a market value of over 190 billion U.S. dollars worldwide by 2027. 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 from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars)
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About the region
10
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Statistics
MarketsandMarkets. (November 4, 2022). Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 21, 2024, from https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets. "Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars)." Chart. November 4, 2022. Statista. Accessed May 21, 2024. https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets. (2022). Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 21, 2024. https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets. "Market Value of Lubricants from Base Oils Worldwide in 2022, with a Forecast for 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Nov 2022, https://www.statista.com/statistics/1072124/global-lubricants-market-size/
MarketsandMarkets, Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1072124/global-lubricants-market-size/ (last visited May 21, 2024)
Market value of lubricants from base oils worldwide in 2022, with a forecast for 2027 (in billion U.S. dollars) [Graph], MarketsandMarkets, November 4, 2022. [Online]. Available: https://www.statista.com/statistics/1072124/global-lubricants-market-size/