Press Releases

The global construction lubricants market size is expected to reach USD 18.25 billion by 2023, reaching a CAGR of 4.2% during the forecast period. The increased adoption of high-performance lubricants to improve the efficacy of equipment and the development of zinc-free (ashless) lubricants will drive the market growth of the global construction lubricants industry. Rapid urbanization and industrialization, infrastructural expansion like roads, bridges, airports, and smart cities, and increased government initiatives, will propel the market development of the construction lubricant industry. Nevertheless, the increased development of high-performance lubricants will provide longer life span, enhanced efficiency, and increases environmental performance, thereby accelerating the market size of the global construction lubricants industry.

In March 2023, ExxonMobil stated that it would invest around INR 900 crore (USD $110 million) in the Maharashtra Industrial Development Corporation's Isambe Industrial Area in Raigad to develop a lubricant production plant..

Bowse 53 market data Tables and 35 Figures spread through 300 Pages and in-depth TOC on "Construction Lubricants Market by Base Oil Type (Mineral Oil, Synthetic Oil, and Bio-Based Oil), by Product Type (Engine Oil, Hydraulic Fluids, Gear Oil, Greases, and Others), by Equipment Type (Earthmoving, Material Handling, Heavy Construction, and Others), and Region” - Global Forecast to 2030

By Equipment Type, Earthmoving Equipment will have the largest market share in the Construction Lubricants Industry.

Based on Equipment Type, The Global Construction Lubricants Market is segregated into Earthmoving, Heavy Construction, and Others. Earthmoving equipment dominates the market as these are heavy-duty vehicles that can be used in the construction industry for grading, digging, demolition, and excavation activities. Earthmoving equipment aids in moving large amounts of earth and dig foundations for landscaping. It includes heavy trucks, excavators, loaders, construction equipment, bulldozers, graders, heavy machines, engineering equipment, heavy hydraulics, and heavy vehicles. Thus, it is anticipated that the growing emphasis on sustainability and environmental legislation would increase demand for biodegradable and environmentally friendly lubricants used in earthmoving equipment.

Global Construction Lubricants Market Segmentation Analysis

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“North America is expected to witness high CAGR during the forecast period in the Global Construction Lubricants Industry.”

North America is expected to have a high CAGR during the forecast period owing to increased demand for construction machinery and equipment. Due to the increased adoption of advanced construction machinery and equipment with intricate hydraulic systems, high-performance construction lubricants are increasingly used to ensure maximum performance and equipment life. The expansion of other industries, such as manufacturing, mining, and energy, has raised demand for construction equipment and lubricants. Synthetic lubricants have increasingly used in the North American construction sector due to their enhanced performance and ability to thrive in adverse conditions.

Some of the major players in the global Construction Lubricants industry include Indian Oil Corporation Ltd, FUCHS Patrolub AG, Exxon Mobil Corporation, LUKOIL, Royal Dutch Shell, TotalEnergies SE, BP p.l.c., Chevron Corporation, Sinopec (China Petrochemical Corporation), Petroliam Nasional Berhad (PETRONAS). 

Scope of the Report

Global Construction Lubricants Market Coverage

Base Oil Type Insight and Forecast 2018-2030

• Mineral Oil
• Synthetic Oil
• Bio-Based Oil

Product Type Insight and Forecast 2018-2030

• Engine Oil
• Hydraulic Fluids
• Gear Oil
• Greases
• Others

Equipment Type Insight and Forecast 2018-2030

• Earthmoving
• Material Handling
• Heavy Construction
• Others

Geographical Segmentation

Construction Lubricants Market by Region

North America

• By Base Oil Type
• By Product Type
• By Equipment Type
• By Country – U.S., Canada, and Mexico

Europe

• By Base Oil Type
• By Product Type
• By Equipment Type
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Base Oil Type
• By Product Type
• By Equipment Type
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Base Oil Type
• By Product Type
• By Equipment Type
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries