Construction Lubricants Market

Construction Lubricants Market

Construction Lubricants Market Forecasts to 2030 - Global Analysis By Type (Engine Oil, Hydraulic Fluid, Grease, Gear Oil, Automatic Transmission Fluid, Compressor Oil and Other Types), Base Oil (Mineral Oil, Synthetic Oil and Bio-based Oil), Equipment, Application and By Geography

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Published: 2023 ID: SMRC23771

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $9.89 BN

Projected Year Value (2030)

US $14.21 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Construction Lubricants Market is accounted for $9.89 billion in 2023 and is expected to reach $14.21 billion by 2030 growing at a CAGR of 5.3% during the forecast period. Construction lubricants are chemically-based substances used in machinery and equipment to ensure smooth operation and reduce friction between moving components. Heavy and light equipment used in the construction industry, including as pile driving machines, cranes, and others, needs specialist construction lubricants to operate efficiently and avoid malfunctions. Construction lubricants come in a variety of viscosities, depending on how they are used. It lengthens the lifespan of the machines' moveable parts and decreases corrosion and friction.

According to the BP Statistical Review of World Energy 2021 report, the Brent crude oil price decreased from US$52.39/bbl in 2015 to US$43.73/bbl in 2016, then increased from US$54.19/bbl in 2017 to US$71.31/bbl in 2018.

Market Dynamics:


Growing adoption of automation in the construction industry

The mechanical components of connected equipment will be subjected to continual motion and higher stresses as the automation level in construction rises, underscoring the critical requirement for effective lubrication. Additionally, the use of automated construction equipment is reducing the number of workers at construction sites as a result of growing labor costs and strict safety standards, which increases the daily consumption of lubricants. Additionally, the construction sector makes extensive use of heavy machinery that needs frequent lubrication. As a result, the majority of businesses are automating their processes, which is fueling the market for construction lubricants.


Fluctuations in crude oil prices

Petrochemicals from Brent crude oil serve as the basis for most construction lubricants. Manufacturers in the construction lubricants sector face significant obstacles as a result of the volatile raw material price fluctuations brought on by rising crude oil prices. Every year, the price of twisted crude oil swings. The price of construction lubricants therefore rises significantly. This raises manufacturing costs and lowers manufacturers' profit margins, which in turn restrains the expansion of the construction lubricants market.


Raising government initiatives

As government investment in the commercial sector rises, so does the need for construction lubricants. The "Pradhan Mantri Awas Yojana (PMAY) program"), an initiative of the Indian government, intends to offer affordable housing to all urban poor people by the year 2022 through financial support. The need for construction lubricants for equipment such hydraulic fluid, motor oil, grease, and other in construction will rise with the robust expansion of the commercial industry as a result of an increase in government initiatives. Therefore, it is projected that demand for the construction lubricants sector would expand throughout the projection period due to the significant growth of construction lubricants in the commercial business.


Technological Advancements

The rapidly expanding construction sector has seen the introduction of portable and small machines. Lubricant usage in the construction sector has decreased as a result of smaller gearbox and hydraulic equipment and longer drain intervals. In order to decrease the usage of lubricants, the construction industry is utilizing cutting-edge concepts and technologies. The need for construction lubricants is anticipated to be hampered by such technical developments in the construction sector.

Covid-19 Impact

The global market for construction lubricants has been adversely disrupted by the COVID-19 pandemic epidemic. Due to a scarcity of labourers and safety regulations enforced by governments and other regulatory organizations, the majority of building operations were put on hold when the worldwide pandemic broke out. As a result, there was a sharp decline in the demand for construction lubricants. The real estate industry, on the other hand, sees a fall as a result of the pandemic's effects on the world economy. This has also significantly contributed to the market's decreased demand for construction lubricants.

The hydraulic fluid segment is expected to be the largest during the forecast period

The hydraulic fluid segment is estimated to have a lucrative growth. In the construction sector, hydraulic fluid performs the functions of a lubricant, a sealer, and a medium for transferring energy or power. It is a fluid that also cools the machinery and removes impurities. It improves performance, operates efficiently throughout a wide temperature range, and lessens wear, rust, and corrosion in equipment. Because the operator needs high-quality hydraulic fluid to prevent equipment failure, the construction sector uses more hydraulic fluid than other industries.

The synthetic oil segment is expected to have the highest CAGR during the forecast period

The synthetic oil segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its extensive characteristics. Base oils and additives used in synthetic oils help an engine run more efficiently. Synthetic oils offer better performance than conventional mineral oil-based lubricants while also requiring less maintenance and addressing environmental issues. There is a high demand for synthetic oils as a consequence of the increasing attention on emissions and growing consumer knowledge of the advantages of synthetic oils, which is boosting the revenue growth of the worldwide construction lubricants market size.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to the rapid development in the construction sector. In wealthy nations like the U.S., there has been a significant growth in the automation of machinery. Additionally, mining operations are expanding quickly in Canada. Additionally, there are several producers of construction equipment in this region. In addition, the region's demand for construction tools and lubricants is raising as a result of the growing government investments in infrastructure development projects including roads, railroads, and airports.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to rapid infrastructural development and high number of construction projects being planned in the emerging economies of the region. The government of India is putting forward a lot of money and investments for infrastructure projects, which has boosted the expansion of the building and construction sector. As a result, advancements in modular construction technology, government programs, and construction activity are boosting regional market growth.

Key players in the market

Some of the key players profiled in the Construction Lubricants Market include Indian Oil Corporation, Phillips 66 Company, Royal Dutch Shell, ExxonMobil Corporation, TotalEnergies SE, Chevron Corporation, Petronas Lubricants India Pvt Limited, PetroChina, LUKOIL, BP Amoco p.l.c, Fuchs Petrolub SE, Lucas Oil Products, Inc., Valvoline, Inc., Hindustant Petroleum Coporate Limited, Clariant India Limited and Sinopec Corporation.

Key Developments:

In July 2023, Indian Oil Corporation Limited (IndianOil) and Praj Industries Limited (Praj) signed a term sheet to advance plans to strengthen biofuels production capacities in India. Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others.

In April 2023, Clariant IGL Specialty Chemicals Private Limited brings its portfolio of renewable-based ethylene oxide derivatives to ChemExpo India 2023. launched Vita range of surfactants and polyethylene glycols (PEGs) are 100% bio-based, carbon-reducing, fully segregated, and have an RCI (Renewable Carbon Index) of >95%. This will support customers in reducing their carbon footprint & Scope 3 emissions.

In March 2023, Chevron Brands International LLC, a subsidiary of Chevron Corporation, has entered into a long-term trademark licensing agreement with Hindustan Petroleum Corporation (HPCL). This collaboration encompasses the licensing, production, distribution, and marketing of Chevron’s lubricant products under the Caltex brand, including Chevron’s proprietary Havoline and Delo branded lubricant products.

Types Covered:
• Engine Oil
• Hydraulic Fluid
• Grease
• Gear Oil
• Automatic Transmission Fluid
• Compressor Oil
• Other Types

Base Oils Covered:
• Mineral Oil
• Synthetic Oil
• Bio-based Oil

Equipments Covered:
• Excavators
• Loaders
• Crawler Dozers
• Motor Graders
• Pavers/Asphalt Finishers
• Heavy Construction Vehicles
• Material Handling Equipment
• Compactors and Road Rollers
• Electrical & Electronics
• Other Equipments

Applications Covered:
• Residential
• Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Construction Lubricants Market, By Type
5.1 Introduction
5.2 Engine Oil
5.3 Hydraulic Fluid
5.4 Grease
5.5 Gear Oil
5.6 Automatic Transmission Fluid
5.7 Compressor Oil
5.8 Other Types

6 Global Construction Lubricants Market, By Base Oil
6.1 Introduction
6.2 Mineral Oil
6.3 Synthetic Oil
6.3.1 Polyalkylene (PAG)
6.3.2 Polyalphaolefin (PAO)
6.3.3 Esters
6.3.4 Group III (Hydrocracking)
6.4 Bio-based Oil

7 Global Construction Lubricants Market, By Equipment
7.1 Introduction
7.2 Excavators
7.2.1 Crawler Excavators
7.2.2 Mini Excavators
7.2.3 Wheeled Excavators
7.3 Loaders
7.3.1 Crawler Loaders
7.3.2 Skid-steer Loaders
7.3.3 Wheeled Loaders
7.3.4 Backhoe Loaders
7.4 Crawler Dozers
7.5 Motor Graders
7.6 Pavers/Asphalt Finishers
7.7 Heavy Construction Vehicles
7.8 Material Handling Equipment
7.9 Compactors and Road Rollers
7.10 Electrical & Electronics
7.11 Other Equipments

8 Global Construction Lubricants Market, By Application
8.1 Introduction
8.2 Residential
8.3 Commercial

9 Global Construction Lubricants Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Indian Oil Corporation
11.2 Phillips 66 Company
11.3 Royal Dutch Shell
11.4 ExxonMobil Corporation
11.5 TotalEnergies SE
11.6 Chevron Corporation
11.7 Petronas Lubricants India Pvt Limited
11.8 PetroChina
11.10 BP Amoco p.l.c
11.11 Fuchs Petrolub SE
11.12 Lucas Oil Products, Inc.
11.13 Valvoline, Inc.
11.14 Hindustant Petroleum Coporate Limited
11.15 Clariant India Limited
11.16 Sinopec Corporation

List of Tables
1 Global Construction Lubricants Market Outlook, By Region (2021-2030) ($MN)
2 Global Construction Lubricants Market Outlook, By Type (2021-2030) ($MN)
3 Global Construction Lubricants Market Outlook, By Engine Oil (2021-2030) ($MN)
4 Global Construction Lubricants Market Outlook, By Hydraulic Fluid (2021-2030) ($MN)
5 Global Construction Lubricants Market Outlook, By Grease (2021-2030) ($MN)
6 Global Construction Lubricants Market Outlook, By Gear Oil (2021-2030) ($MN)
7 Global Construction Lubricants Market Outlook, By Automatic Transmission Fluid (2021-2030) ($MN)
8 Global Construction Lubricants Market Outlook, By Compressor Oil (2021-2030) ($MN)
9 Global Construction Lubricants Market Outlook, By Other Types (2021-2030) ($MN)
10 Global Construction Lubricants Market Outlook, By Base Oil (2021-2030) ($MN)
11 Global Construction Lubricants Market Outlook, By Mineral Oil (2021-2030) ($MN)
12 Global Construction Lubricants Market Outlook, By Synthetic Oil (2021-2030) ($MN)
13 Global Construction Lubricants Market Outlook, By Polyalkylene (PAG) (2021-2030) ($MN)
14 Global Construction Lubricants Market Outlook, By Polyalphaolefin (PAO) (2021-2030) ($MN)
15 Global Construction Lubricants Market Outlook, By Esters (2021-2030) ($MN)
16 Global Construction Lubricants Market Outlook, By Group III (Hydrocracking) (2021-2030) ($MN)
17 Global Construction Lubricants Market Outlook, By Bio-based Oil (2021-2030) ($MN)
18 Global Construction Lubricants Market Outlook, By Equipment (2021-2030) ($MN)
19 Global Construction Lubricants Market Outlook, By Excavators (2021-2030) ($MN)
20 Global Construction Lubricants Market Outlook, By Crawler Excavators (2021-2030) ($MN)
21 Global Construction Lubricants Market Outlook, By Mini Excavators (2021-2030) ($MN)
22 Global Construction Lubricants Market Outlook, By Wheeled Excavators (2021-2030) ($MN)
23 Global Construction Lubricants Market Outlook, By Loaders (2021-2030) ($MN)
24 Global Construction Lubricants Market Outlook, By Crawler Loaders (2021-2030) ($MN)
25 Global Construction Lubricants Market Outlook, By Skid-steer Loaders (2021-2030) ($MN)
26 Global Construction Lubricants Market Outlook, By Wheeled Loaders (2021-2030) ($MN)
27 Global Construction Lubricants Market Outlook, By Backhoe Loaders (2021-2030) ($MN)
28 Global Construction Lubricants Market Outlook, By Crawler Dozers (2021-2030) ($MN)
29 Global Construction Lubricants Market Outlook, By Motor Graders (2021-2030) ($MN)
30 Global Construction Lubricants Market Outlook, By Pavers/Asphalt Finishers (2021-2030) ($MN)
31 Global Construction Lubricants Market Outlook, By Heavy Construction Vehicles (2021-2030) ($MN)
32 Global Construction Lubricants Market Outlook, By Material Handling Equipment (2021-2030) ($MN)
33 Global Construction Lubricants Market Outlook, By Compactors and Road Rollers (2021-2030) ($MN)
34 Global Construction Lubricants Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
35 Global Construction Lubricants Market Outlook, By Other Equipments (2021-2030) ($MN)
36 Global Construction Lubricants Market Outlook, By Application (2021-2030) ($MN)
37 Global Construction Lubricants Market Outlook, By Residential (2021-2030) ($MN)
38 Global Construction Lubricants Market Outlook, By Commercial (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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