Europe Lubricants Market Size, Share, Trends & Forecast (2025)

Europe Lubricants Market Size And Forecast

The Europe Lubricants Market size is valued at USD 26.73 Billion in 2023 and is anticipated to reach USD 32.80 Billion by 2031, growing at a CAGR of 2.6% from 2024 to 2031.

• Lubricants are substances used to reduce friction between surfaces in mutual contact, which helps to minimize wear and tear on machinery and components.
• Lubricants can be classified into various categories, including oils (mineral, synthetic), greases, solid lubricants (like graphite), and gases (such as air).
• Lubricants typically consist of a base oil combined with additives that enhance performance characteristics, such as viscosity, stability, and corrosion resistance.
• Lubricants are used in numerous industries, including automotive, aerospace, manufacturing, and household products, to ensure smooth operation of engines, machinery, and tools.

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Europe Lubricants Market Dynamics

The key market dynamics that are shaping the Europe Lubricants Market include:

Key Market Drivers:

• Automotive Sector Growth: The automotive industry is the largest consumer of lubricants in Europe, accounting for approximately 49% of total lubricant consumption. This sector is expected to continue driving demand due to increasing vehicle production and sales, particularly in electric and hybrid vehicles.
• Renewable Energy Expansion: The growth of renewable energy sources, especially wind and solar power, is anticipated to boost lubricant consumption as these technologies require specialized lubricants for maintenance and operation.
• Sustainability Initiatives: European regulations promoting sustainability are driving the shift towards bio-based and environmentally friendly lubricants, which are gaining popularity in various sectors, including food processing and pharmaceuticals.
• Industrial Automation: The growing trend towards automation in manufacturing processes is driving the need for lubricants that can perform under high-stress conditions, thereby boosting market growth.

Key Market Challenges:

• Transition to Electric Vehicles (EVs): The rise of electric vehicles, which have fewer lubrication needs compared to traditional internal combustion engines, threatens to reduce demand for conventional lubricants. This shift necessitates adaptation from manufacturers to cater to new market requirements.
• Raw Material Supply Chain Issues: Fluctuations in the availability and prices of raw materials used in lubricant production can disrupt supply chains. This volatility is often influenced by geopolitical factors and trade agreements, impacting production costs and pricing strategies.
• Market Fragmentation: The European lubricants market is highly fragmented, with numerous small and medium-sized enterprises competing alongside larger corporations. This fragmentation can lead to intense competition and price wars, making it challenging for companies to maintain profitability.
• Technological Advancements: While technological innovations create opportunities, they also pose challenges as companies must continuously invest in R&D to keep up with advancements. Failing to innovate can result in obsolescence in a rapidly evolving market.

Key Market Trends:

• Shift Towards Bio-based Lubricants: There is a growing trend towards the use of bio-based and environmentally friendly lubricants, driven by government initiatives promoting sustainability and reducing carbon footprints. For instance, the EU has set targets for increasing the share of renewable energy sources.
• Increased Demand for High-performance Lubricants: The automotive and industrial sectors are increasingly seeking high-performance lubricants that can enhance efficiency and reduce maintenance costs. This trend is supported by advancements in formulation technologies.
• Digitalization and Smart Lubrication Solutions: The integration of IoT and smart technologies in lubrication systems is on the rise. Companies are adopting digital monitoring solutions to optimize lubricant usage and improve machinery performance, aligning with Industry 4.0 initiatives.
• Focus on Energy Efficiency: There is an emphasis on lubricants that contribute to energy savings in machinery and vehicles. The EU’s energy efficiency directive encourages industries to adopt practices that reduce energy consumption, thus driving demand for efficient lubricant solutions.

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Europe Lubricants Market Regional Analysis

Here is a more detailed regional analysis of the Europe Lubricants Market:

Germany:

• Germany is one of the largest exporters of lubricants in Europe, leveraging its strong manufacturing capabilities. This export strength enhances its dominance in the European lubricants market.
• The automotive industry is a major consumer of lubricants in Germany, accounting for around 43.26% of total lubricant consumption. This sector’s demand is fueled by the presence of leading automotive manufacturers and a high vehicle ownership rate.
• Germany’s diverse industrial base, including manufacturing, engineering, and heavy equipment, significantly contributes to lubricant demand. The industrial lubricants segment is particularly strong, reflecting the need for efficient machinery operation across various sectors.
• Germany is home to major automotive manufacturers such as Volkswagen, BMW, and Mercedes-Benz, which significantly drive lubricant demand. The automotive sector accounts for a substantial portion of lubricant consumption in the country.

France:

• France is a notable exporter of lubricants within Europe, capitalizing on its strong manufacturing capabilities. The export of lubricants contributes to the overall market dynamics and enhances France’s position in the European landscape.
• France has a robust industrial base, including manufacturing, aerospace, and energy sectors, which significantly contribute to lubricant consumption. The industrial lubricants segment is particularly strong, indicating high demand for effective lubrication solutions.
• The automotive sector in France is a major consumer of lubricants, accounting for around 40% of total lubricant consumption. With leading manufacturers like Renault and Peugeot operating within the country, the automotive industry’s demand for high- quality lubricants drives market growth.
• The French government promotes sustainability initiatives that encourage the use of eco-friendly lubricants. For instance, France’s commitment to reducing greenhouse gas emissions aligns with the growing demand for bio-based and environmentally friendly lubricant products.

Europe Lubricants Market: Segmentation Analysis

The Europe Lubricants Market is segmented on the basis of Product Type, Distribution Channel and Geography.

Europe Lubricants Market, By Product Type

• Engine Oils
• Transmission & Hydraulic Fluids
• Metalworking Fluids
• General Industrial Oils
• Gear Oils
• Greases
• Process Oils

Based on Product Type, the market is segmented into engine oils, transmission & hydraulic Fluids, metalworking fluids, general industrial oils, gear oils, greases and process oils. Engine Oils holds the largest share of the lubricants market, primarily driven by the automotive industry, which accounted for around 49% of total lubricant consumption in Europe. Engine oils are essential for vehicle maintenance and performance.

Europe Lubricants Market, By Distribution Channel

• Direct Sales/B2B
• Indirect Sales

Based on the Distribution Channel, the market is segmented into direct sales/B2B and indirect sales. Direct Sales/B2B: This channel holds a significant share of the market, particularly for industrial lubricants. Direct sales to businesses, including manufacturers and automotive companies, allow for tailored solutions and bulk purchasing, which is essential for maintaining operational efficiency. Many lubricant manufacturers prefer this model to establish long-term relationships with their clients and provide specialized products.

Key Players

The “Europe Lubricants Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Shell plc, TotalEnergies SE, BP plc, ExxonMobil Corporation, FUCHS PETROLUB SE, LUKOIL, Eni S.p.A, Repsol S.A, MOL Group, Neste Corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above- mentioned players globally.

Europe Lubricants Market Recent Developments

• In December 2024, TotalEnergies Lubrifiants launched the Rubia Optima 4300 XFE 5W-20, a high-performance engine oil specifically designed for Ford Trucks Ecotorq engines compliant with EURO 6 standards. This launch is part of a strategic partnership with Ford Trucks to provide tailored lubrication solutions for fleet operators across Europe.
• In July 2024, TotalEnergies announced the acquisition of Tecoil, a Finnish company specializing in the production of Re-Refined Base Oils (RRBOs). This acquisition aims to enhance TotalEnergies’ capabilities in producing high-quality lubricants that meet customer demand for sustainability and circularity.
• In May 2024, Shell partnered with Xuzhou Construction Machinery Group Co (XCMG) to launch a new range of lubricants. This collaboration aims to combine Shell’s lubrication expertise with XCMG’s technology to enhance equipment performance and efficiency.

Report Scope

Research Methodology of Verified Market Research:

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with ourSales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth. opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
• Provides insight into the market through Value Chain.
• Market dynamics scenario, along with growth opportunities of the market in the years to come.
• 6-month post-sales analyst support.

Customization of the Report

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1 INTRODUCTION OF EUROPE LUBRICANTS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 EUROPE LUBRICANTS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 EUROPE LUBRICANTS MARKET, BY PRODUCT TYPE
5.1 Overview
5.2 Engine Oils
5.3 Transmission & Hydraulic Fluids
5.3 Metalworking Fluids
5.4 General Industrial Oils
5.5 Gear Oils
5.6 Greases
5.7 Process Oils

6 EUROPE LUBRICANTS MARKET, BY DISTRIBUTION CHANNEL
6.1 Overview
6.2 Direct Sales/B2B
6.3 Indirect Sales

7 EUROPE LUBRICANTS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 Germany
7.3 France
7.4 UK
7.5 Italy

8 EUROPE LUBRICANTS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies

9 COMPANY PROFILES

9.1 Shell plc
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments

9.2 TotalEnergies SE
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments

9.3 BP plc
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments

9.4 ExxonMobil Corporation
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments

9.5 FUCHS PETROLUB SE
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments

9.6 LUKOIL
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments

9.7 Eni S.p.A
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments

9.8 Repsol S.A
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments

9.9 MOL Group
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments

9.10 Neste Corporation
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments

10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations

11 Appendix
11.1 Related Research

Report Research Methodology

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

Econometrics and data visualization model

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

• Market drivers and restraints, along with their current and expected impact
• Raw material scenario and supply v/s price trends
• Regulatory scenario and expected developments
• Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

• Established market players
• Raw data suppliers
• Network participants such as distributors
• End consumers

The aims of doing primary research are:

• Verifying the collected data in terms of accuracy and reliability.
• To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

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