COVID-19 Impact on Lubricants Market by Product type (Engine Oil, Hydraulic Oil, Compressor Oil, Metalworking Fluid, Gear Oil, Turbine Oil and Grease), End-use Industry and Region - Global Forecast to 2021

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Date: 28-Apr-2020
No. of pages: 119
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“Global lubricants market is forecasted to recover in 2021 after negative impact to COVID-19”

The global lubricants market is expected to witness a downfall in 2020 with a negative growth of 0.95% and market is expected to rebound and witness revocery in 2021. The decline in the market is primarily due to the spread of COVID-19 across the globe, impacting the functioning of key end-use industries using lubricants. Almost, the entire world has been under lockdown in different period to prevent the spread of the virus, leading to suspension of industrial and transportation activities.

“Engine oil to be the most affected product type segment in the global lubricants market.”

Engine oil is the largest and most affected product type segment in the lubricants market. It is expected to witness a negative impact due to lockdown, as demand from the passenger vehicle segment is at an all-time low. The demand is relatively low in the commercial segment as well. OEMs have also halted production, which has further decreased the demand for engine oil. Due to nationwide lockdown, Germany, the US, China, India, and France have witnessed a downfall in traffic and very little to no automotive movement.

“Transportation is the largest and most affected end-use industry segment in the global lubricants market.”

Currently, all heavy transport is suspended at least for a month. However, due to a few of the necessary goods still being produced and transported, such as food products, metal and mining, and healthcare products, commercial fleets are operating at very low output. This will have a huge impact on the commercial vehicle segment. In 2020, the market is expected to fall, as per industry experts. After the lockdown is over, the market will grow as the industry will have to finish supply laggards and pending orders. Especially when all the important industries will resume production, the supply chain industry is expected to get boom from the start.

The automotive industry has been under crisis since 2019 due to the worldwide downfall of automotive sales. With changing regulations and policies, the consumer trend has declined; for example, India has shifted from BS4 to BS6 norms for automotive engines. As per industry experts, the market was expected to increase; however, amidst the pandemic, the sales have declined, and due to the lockdown, personal vehicles are not utilized. This will lead to low oil change requirements.

“North America and APAC are expected to be the most affected region for lubricants market due to COVID-19

The APAC and North American lubricants markets are adversely affected by COVID-19 and expected to witness a decline in the market in 2020. The market is also expected to witness recovery in 2021. Although Europe is one of the major hotspots for COVID-19, it is expected to witness lesser impacts than North America and APAC because of their large number of manufacturing industries and vehicles on road. Governments in different countries are imposing lockdown to avoid the spread of the coronavirus, which has made industries, such as cement production, automotive manufacturing, chemical, and oil & gas, suspend their operations. It is affecting the demand for lubricants.

Countries such as China, the US, France, Germany, the UK, Italy, and Spain have witnessed a severe impact of the pandemic with a high number of positive cases and deaths. Lubricant manufacturers in each of the countries are taking adequate measures to overcome the situation.


  • By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%

  • By Designation: C-Level - 23%, Director Level - 37%, and Others - 40%

  • By Region: North America - 32%, Europe - 21%, APAC - 28%, South America - 12%, Middle East & Africa - 7%,


The key players profiled in the lubricants market report include as Royal Dutch Shell (Netherlands), ExxonMobil (US), BP PLC (UK), Chevron Corporation (US), Total S.A. (France), PetroChina Company Limited (China), Idemitsu Kosan Co. Ltd. (Japan), Sinopec Limited  (China), Fuchs Petrolub AG (Germany), Valvoline (US), LUKOIL (Russia), Petronas (Malaysia), Gazprom Neft (Russia), and Pertamina (Indonesia), among others.

Research Coverage

This report segments the lubricants market based on product type, end-use industry, and region, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies associated with the market for lubricants. Furthermore, impacts on end-use industries and necessary measures taken by respective end-use industries are also elaborated separately in the report.

Reasons to Buy this Report

This research report is focused on estimating the impact of COVID-19 on global lubricants market. The most important content of the report includes disruption in respective end-use industries, measures taken by end-use industries, and impact on lubricant blendors. In each company profile, impact of COVID-19 on its respective business and steps taken by manufacturers to sustain their position in the market are analyzed.

The report provides insights on the following pointers:


  • Industry impact: impact of COVID-19 on end-use industries of lubricants

  • Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for lubricants across regions

  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global lubricants market

COVID-19 Impact on Lubricants Market by Product type (Engine Oil, Hydraulic Oil, Compressor Oil, Metalworking Fluid, Gear Oil, Turbine Oil and Grease), End-use Industry and Region - Global Forecast to 2021

Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Region Covered
1.4 Years Considered For The Study
1.5 Currency
1.6 Unit Considered
1.7 Limitations
1.8 Stakeholders

2 Research Methodology
2.1 Critical Covid-19 Factors Impacting The Lubricants Market In 2020
2.2 Research Methodology: Transport Segment Analysis For The North America In 2020
2.3 Product Type Segment Analysis For North America In 2020
2.4 Lubricants Market Projections Based On Driving Factors And Covid-19 Impact
2.5 Primary Data
2.5.1 Breakdown Of Primary Interviews
2.5.2 Key Industry Insights

3 Covid-19 Assessment
3.1 Covid-19 Health Assessment
3.2 Covid-19 Economic Assessment
3.2.1 Covid-19 Economic Impact—Scenario Assessment

4 Impact Of Covid-19 On Lubricants Ecosystem
4.1 Value Chain Of Lubricants Industry
4.2 Key Takeaways
4.2.1 Impact On Transportation
4.2.2 Impact On Industrial Applications
4.3 Factors Driving The Growth
4.3.1 Covid-19 Impact: Factors Driving The Growth
4.3.1.1 Emission Limits And Fuel Economy Requirements To Drive The Demand For Lubricants In Emerging Markets Such As China And India After Covid-19
4.3.1.2 Growth In Demand For Biocompatible Silicone-Grade Lubricants For Medical Devices
4.3.1.3 Lower Crude Oil Prices Will Benefit Lubricants Suppliers After Covid-19
4.3.1.4 Demand For Renewable Energy And Power Generation To Positively Impact The Lubricants Market

5 Impact Of Covid-19 On Lubricants Market, Customer Analysis
5.1 Customers
5.1.1 Disruption In The Automotive Industry
5.1.1.1 Impact On Customers’ Output & Strategies To Resume/Improve Production
5.1.1.2 Customer’s Most Impacted Regions
5.1.1.3 Risk Assessment And Opportunities
5.1.1.4 Mnm Viewpoint On Growth Outlook And New Market Opportunities
5.1.2 Disruption In Metal & Mining Industry
5.1.2.1 Impact On Customers’ Output & Strategies To Resume/Improve Production
5.1.2.2 Customer’s Most Impacted Regions
5.1.2.3 Risk Assessment And Opportunities
5.1.2.4 Mnm Viewpoint On Growth Outlook And New Market Opportunities
5.1.3 Disruption In The Construction Industry
5.1.3.1 Impact In Customers’ Output & Strategies To Resume/Improve Production
5.1.3.2 Customer’s Most Impacted Regions
5.1.3.3 Mnm Viewpoint On Growth Outlook And New Market Opportunities
5.1.4 Disruption In The Oil & Gas Industry
5.1.4.1 Impact On Customers’ Output & Strategies To Resume/Improve Production
5.1.4.2 Customer’s Most Impacted Regions
5.1.4.3 Mnm Viewpoint On Growth Outlook And New Market Opportunities

6 Covid-19 Impact: Short-Term Strategies Of Lubricant Companies
6.1 Impact On Lubricant Companies
6.1.1 Royal Dutch Shell Plc.
6.1.1.1 Business Overview
6.1.1.2 Products Offered
6.1.1.3 Impact Of Covid-19
6.1.2 Exxonmobil Corporation
6.1.2.1 Business Overview
6.1.2.2 Products Offered
6.1.2.3 Impact Of Covid-19
6.1.3 Chevron Corporation
6.1.3.1 Business Overview
6.1.3.2 Products Offered
6.1.3.3 Impact Of Covid-19
6.1.4 Bp Plc
6.1.4.1 Business Overview
6.1.4.2 Products Offered
6.1.4.3 Impact Of Covid-19
6.1.5 Total S.A.
6.1.5.1 Business Overview
6.1.5.2 Products Offered
6.1.5.3 Impact Of Covid-19
6.1.6 Petrochina Company Limited
6.1.6.1 Business Overview
6.1.6.2 Products Offered
6.1.6.3 Impact Of Covid-19
6.1.7 Sinopec Limited
6.1.7.1 Business Overview
6.1.7.2 Products Offered
6.1.7.3 Impact Of Covid-19
6.1.8 Jxtg Group
6.1.8.1 Business Overview
6.1.8.2 Products Offered
6.1.8.3 Impact Of Covid-19
6.1.9 Petronas
6.1.9.1 Business Overview
6.1.9.2 Products Offered
6.1.9.3 Impact Of Covid-19
6.1.10 Pertamina
6.1.10.1 Business Overview
6.1.10.2 Products Offered
6.1.10.3 Impact Of Covid-19
6.1.11 Gazprom Neft
6.1.11.1 Business Overview
6.1.11.2 Product Offered
6.1.11.3 Impact Of Covid-19
6.1.12 Repsol Sa
6.1.12.1 Business Overview
6.1.12.2 Product Offered
6.1.12.3 Impact Of Covid-19
6.1.13 Phillips 66
6.1.13.1 Business Overview
6.1.13.2 Product Offered
6.1.13.3 Impact Of Covid-19
6.1.14 Petrobras
6.1.14.1 Business Overview
6.1.14.2 Products Offered
6.1.14.3 Impact Of Covid-19
6.1.15 Indian Oil Corporation Limited (Iocl)
6.1.15.1 Business Overview
6.1.15.2 Product Offered
6.1.15.3 Impact Of Covid-19
6.2 Winning Strategies To Overcome The Situation
6.2.1 Strategies Adopted By Stakeholders
6.3 Mnm Viewpoint On Strategies To Overcome The Situation

7 Impact Of Covid-19 On Lubricants Market, By Product Type
7.1 Introduction
7.2 Engine Oil
7.3 Hydraulic Oil
7.4 Metalworking Fluid
7.5 Gear Oil
7.6 Compressor Oil
7.7 Grease
7.8 Turbine Oil
7.9 Others

8 Impact Of Covid-19 On Lubricant Market, By End-Use Industry
8.1 Introduction
8.2 Transportation
8.2.1 Commercial Vehicle
8.2.2 Passenger Vehicle
8.2.3 Aviation
8.2.4 Marine
8.2.5 Railway
8.3 Industrial
8.3.1 Construction
8.3.2 Metal & Mining
8.3.3 Cement Production
8.3.4 Power Generation
8.3.5 Automotive Manufacturing
8.3.6 Chemical
8.3.7 Oil & Gas
8.3.8 Textile
8.3.9 Food Processing
8.3.10 Others

9 Impact Of Covid-19 On Lubricants Market, By Region
9.1 Introduction
9.2 Apac
9.2.1 Apac Lubricants Market, By Country
9.2.2 Apac Lubricants Market, By Product Type
9.2.3 Apac Lubricants Market, By End-Use Industry
9.3 North America
9.3.1 North America Lubricants Market, By Country
9.3.2 North America Lubricants Market, By Product Type
9.3.3 North America Lubricants Market, By End-Use Industry
9.4 Europe
9.4.1 Europe Lubricants Market, By Country
9.4.2 Europe Lubricants Market, By Product Type
9.4.3 Europe Lubricants Market, By End-Use Industry
9.5 Middle East & Africa
9.5.1 Middle East & Africa Lubricants Market, By Country
9.5.2 Middle East & Africa Lubricants Market, By Product Type
9.5.3 Middle East & Africa Lubricants Market, By End-Use Industry
9.6 South America
9.6.1 South America Lubricants Market, By Country
9.6.2 South America Lubricants Market, By Product Type
9.6.3 South America Lubricants Market, By End-Use Industry

10 Appendix
10.1 Knowledge Store: Marketsandmarkets Subscription Portal
10.2 Available Customizations
10.3 Related Reports
10.4 Author Details

List Of Tables

Table 1 Implementation Dates Of Emission Standards For Light-Duty Vehicles In China
Table 2 Crude Oil Price Forecast
Table 3 Automotive Companies Announcements
Table 4 Opportunity Assessment – Short-Term Strategies To Manage Cost Structure And Supply Chains
Table 5 Mining Companies Announcements
Table 6 Opportunity Assessment – Short-Term Strategies To Manage Cost Structure And Supply Chains
Table 7 Construction Companies Announcements
Table 8 Oil & Gas Companies Announcements
Table 9 Opportunity Assessment – Short-Term Strategies To Manage Cost Structure And Supply Chains
Table 10 Lubricants Market Size, By Product Type, 2018-2021 (Kiloton)
Table 11 Lubricants Market Size, By Product Type, 2018-2021 (Usd Million)
Table 12 Engine Oil: Lubricants Market Size, By Region, 2018-2021 (Kiloton)
Table 13 Engine Oil: Lubricants Market Size, By Region, 2018-2021 (Usd Million)
Table 14 Hydraulic Oil: Lubricants Market Size, By Region, 2018-2021 (Kiloton)
Table 15 Hydraulic Oil: Lubricants Market Size, By Region, 2018-2021 (Usd Million)
Table 16 Metalworking Fluid: Lubricants Market Size, By Region, 2018-2021 (Kiloton)
Table 17 Metalworking Fluid: Lubricants Market Size, By Region, 2018-2021 (Usd Million)
Table 18 Gear Oil: Lubricants Market Size, By Region, 2018-2021 (Kiloton)
Table 19 Gear Oil: Lubricants Market Size, By Region, 2018-2021 (Usd Million)
Table 20 Compressor Oil: Lubricants Market Size, By Region, 2018-2021 (Kiloton)
Table 21 Compressor Oil: Lubricants Market Size, By Region, 2018-2021 (Usd Million)
Table 22 Grease: Lubricants Market Size, By Region, 2018-2021 (Kiloton)
Table 23 Grease: Lubricants Market Size, By Region, 2018-2021 (Usd Million)
Table 24 Turbine Oil: Lubricants Market Size, By Region, 2018-2021 (Kiloton)
Table 25 Turbine Oil: Lubricants Market Size, By Region, 2018-2021 (Usd Million)
Table 26 Others: Lubricants Market Size, By Region, 2018-2021 (Kiloton)
Table 27 Others: Lubricants Market Size, By Region, 2018-2021 (Usd Million)
Table 28 Lubricants Market Size, By End-Use Industry, 2018-2021 (Kiloton)
Table 29 Lubricants Market Size, By End-Use Industry, 2018-2021 (Usd Million)
Table 30 Lubricants Market Size In Commercial Vehicle, By Region, 2018-2021 (Kiloton)
Table 31 Lubricants Market Size In Commercial Vehicle, By Region, 2018-2021 (Usd Million)
Table 32 Lubricants Market Size In Passenger Vehicle, By Region, 2018-2021 (Kiloton)
Table 33 Lubricants Market Size In Passenger Vehicle, By Region, 2018-2021 (Usd Million)
Table 34 Lubricants Market Size In Aviation Industry, By Region, 2018-2021 (Kiloton)
Table 35 Lubricants Market Size In Aviation Industry, By Region, 2018-2021 (Usd Million)
Table 36 Lubricants Market Size In Marine Industry, By Region, 2018-2021 (Kiloton)
Table 37 Lubricants Market Size In Marine Industry, By Region, 2018-2021 (Usd Million)
Table 38 Lubricants Market Size In Railway Industry, By Region, 2018-2021 (Kiloton)
Table 39 Lubricants Market Size In Railway Industry, By Region, 2018-2021 (Usd Million)
Table 40 Lubricants Market Size In Construction Industry, By Region, 2018-2021 (Kiloton)
Table 41 Lubricants Market Size In Construction Industry, By Region, 2018-2021 (Usd Million)
Table 42 Lubricants Market Size In Metal & Mining Industry, By Region, 2018-2021 (Kiloton)
Table 43 Lubricants Market Size In Metal & Mining Industry, By Region, 2018-2021 (Usd Million)
Table 44 Lubricants Market Size In Cement Production, By Region, 2018-2021 (Kiloton)
Table 45 Lubricants Market Size In Cement Production, By Region, 2018-2021 (Usd Million)
Table 46 Lubricants Market Size In Power Generation Industry, By Region, 2018-2021 (Kiloton)
Table 47 Lubricants Market Size In Power Generation Industry, By Region, 2018-2021 (Usd Million)
Table 48 Lubricants Market Size In Automotive Manufacturing, By Region, 2018-2021 (Kiloton)
Table 49 Lubricants Market Size In Automotive Manufacturing, By Region, 2018-2021 (Usd Million)
Table 50 Lubricants Market Size In Chemical Industry, By Region, 2018-2021 (Kiloton)
Table 51 Lubricants Market Size In Chemical Industry, By Region, 2018-2021 (Usd Million)
Table 52 Lubricants Market Size In Oil & Gas Industry, By Region, 2018-2021 (Kiloton)
Table 53 Lubricants Market Size In Oil & Gas Industry, By Region, 2018-2021 (Usd Million)
Table 54 Lubricants Market Size In Textile Industry, By Region, 2018-2021 (Kiloton)
Table 55 Lubricants Market Size In Textile Industry, By Region, 2018-2021 (Usd Million)
Table 56 Lubricants Market Size In Food Processing Industry, By Region, 2018-2021 (Kiloton)
Table 57 Lubricants Market Size In Food Processing Industry, By Region, 2018-2021 (Usd Million)
Table 58 Lubricants Market Size In Other End-Use Industries, By Region, 2018-2021 (Kiloton)
Table 59 Lubricants Market Size In Other End-Use Industries, By Region, 2018-2021 (Usd Million)
Table 60 Lubricants Market Size, By Region, 2018-2021 (Kiloton)
Table 61 Lubricants Market Size, By Region, 2018-2021 (Usd Million)
Table 62 Apac: Lubricants Market Size, By Country, 2018–2021 (Kiloton)
Table 63 Apac: Lubricants Market Size, By Country, 2018–2021 (Usd Million)
Table 64 Apac: Lubricants Market Size, By Product Type, 2018–2021 (Kiloton)
Table 65 Apac: Lubricants Market Size, By Product Type, 2018–2021 (Usd Million)
Table 66 Apac: Lubricants Market Size, By End-Use Industry, 2018–2021 (Kiloton)
Table 67 Apac: Lubricants Market Size, By End-Use Industry, 2018–2021 (Usd Million)
Table 68 North America: Lubricants Market Size, By Country, 2018–2021 (Kiloton)
Table 69 North America: Lubricants Market Size, By Country, 2018–2021 (Usd Million)
Table 70 North America: Lubricants Market Size, By Product Type, 2018–2021 (Kiloton)
Table 71 North America: Lubricants Market Size, By Product Type, 2018–2021 (Usd Million)
Table 72 North America: Lubricants Market Size, By End-Use Industry, 2018–2021 (Kiloton)
Table 73 North America: Lubricants Market Size, By End-Use Industry, 2018–2021 (Usd Million)
Table 74 Europe: Lubricants Market Size, By Country, 2018–2021 (Kiloton)
Table 75 Europe: Lubricants Market Size, By Country, 2018–2021 (Usd Million)
Table 76 Europe: Lubricants Market Size, By Product Type, 2018–2021 (Kiloton)
Table 77 Europe: Lubricants Market Size, By Product Type, 2018–2021 (Usd Million)
Table 78 Europe: Lubricants Market Size, By End-Use Industry, 2018–2021 (Kiloton)
Table 79 Europe: Lubricants Market Size, By End-Use Industry, 2018–2021 (Usd Million)
Table 80 Middle East & Africa: Lubricants Market Size, By Country, 2018–2021 (Kiloton)
Table 81 Middle East & Africa: Lubricants Market Size, By Country, 2018–2021 (Usd Million)
Table 82 Middle East & Africa: Lubricants Market Size, By Product Type, 2018–2021 (Kiloton)
Table 83 Middle East & Africa: Lubricants Market Size, By Product Type, 2018–2021 (Usd Million)
Table 84 Middle East & Africa: Lubricants Market Size, By End-Use Industry, 2018–2021 (Kiloton)
Table 85 Middle East & Africa: Lubricants Market Size, By End-Use Industry, 2018–2021 (Usd Million)
Table 86 South America: Lubricants Market Size, By Country, 2018–2021 (Kiloton)
Table 87 South America: Lubricants Market Size, By Country, 2018–2021 (Usd Million)
Table 88 South America: Lubricants Market Size, By Product Type, 2018–2021 (Kiloton)
Table 89 South America: Lubricants Market Size, By Product Type, 2018–2021 (Usd Million)
Table 90 South America: Lubricants Market Size, By End-Use Industry, 2018–2021 (Kiloton)
Table 91 South America: Lubricants Market Size, By End-Use Industry, 2018–2021 (Usd Million)

List Of Figures

Figure 1 Lubricants: Market Segmentation
Figure 2 Covid-19: The Global Propagation
Figure 3 Covid-19 Propagation: Select Countries
Figure 4 Countries Begin With Similar Trajectories But Curves Deviate Based On Measures Taken
Figure 5 Revised Gdp Forecasts For Select G20 Countries In 2020
Figure 6 Criteria Impacting The Global Economy
Figure 7 Scenarios In Terms Of Recovery Of The Global Economy
Figure 8 Lubricants Market: Ecosystem
Figure 9 Impact Of Covid-19 On Lubricants - Key Hotspots Of Activities Gaining Momentum
Figure 10 Impact Of Covid-19 On Lubricant Ecosystem
Figure 11 Lubricants Transportation Value Chain To Be Adversely Affected
Figure 12 Mix Impact On Lubricants Industrial Value Chain Through 2021
Figure 13 Impact Of Covid-19 On Lubricant Manufacturers

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