Product Code: PM3101
The global construction lubricants market size is expected to reach USD 15.65 billion by 2032, according to a new study by Polaris Market Research. The report "Construction Lubricants Market Share, Size, Trends, Industry Analysis Report, By Base Oil (Synthetic Oil and Mineral Oil); By Product Type; By Equipment Type; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global construction lubricants market is driven by several factors, including increasing construction activity, technological advancements in lubricant formulations, and the growing demand for environmentally-friendly lubricants. With more countries investing in infrastructure development and modernization projects, the demand for construction equipment and related lubricants is expected to grow.
Moreover, the need for better-performing lubricants and environmentally-friendly alternatives is becoming more pressing as construction and heavy industries look to reduce their carbon footprint and improve their sustainability.
The market is highly competitive, with several global and regional players operating in the space. Companies in the market are investing in R&D to develop advanced lubricant formulations that offer better performance and longer equipment life. In addition, strategic partnerships and acquisitions are becoming more common as companies seek to expand their product offerings and geographic reach.
The COVID-19 pandemic led to a significant decrease in demand for construction lubricants due to the suspension of construction activities caused by workforce shortages and safety regulations imposed by governments and regulatory bodies. Additionally, the real estate sector experienced a decline due to the global economic slowdown caused by the pandemic, further contributing to the reduced demand for construction lubricants in the market.
Construction Lubricants Market Report Highlights:
Mineral oils hold the largest market share in the construction lubricants industry due to their low price and widespread availability.
Hydraulic fluids will rule the construction lubricants business. Excavators, loaders, and bulldozers are just a few examples of the machinery and equipment used in the construction industry that heavily utilize hydraulic fluids to transmit power and regulate the movement of hydraulic cylinders.
Earthmoving Equipment is accounted for the largest market share in the construction lubrication market. Earthmoving machinery is frequently used for digging, grading, demolition, and excavation tasks.
Asia Pacific region is expected to dominate the construction lubrication market in terms of demand and supply during the forecast period
The global key market players include Royal Dutch Shell, ExxonMobil, PetroChina Company, British Petroleum (BP), Chevron Corporation, Sinopec, Indian Oil Corporation, BP, Fuchs Petrolub SE, QALCO, Schaeffer Manufacturing Co., Addinol Lube Oil GmbH.
Polaris Market Research has segmented the construction lubricants market report based on base oil, product type, equipment type, and region:
Construction Lubricants, Base Oil Outlook (Revenue - USD Billion, 2019 - 2032)
Synthetic Oil
Mineral Oil
Construction Lubricants, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
Engine Oil
Hydraulic Fluid
Automatic Transmission Fluid
Gear Oil
Compressor Oil
Grease
Others
Construction Lubricants, Equipment Type (Revenue - USD Billion, 2019 - 2032)
Heavy Construction Vehicles
Earthmoving Equipment,
Material Handling Equipment
Others
Construction Lubricants, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Construction Lubricants Market Insights
- 4.1. Construction Lubricants Market - Equipment Type Snapshot
- 4.2. Construction Lubricants Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rise in automation in the construction industry
- 4.2.1.2. Developing high-performance lubricants
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Rising raw material prices
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Construction Lubricants Market Equipment Type Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Construction Lubricants Market, by Base Oil
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 5.3. Synthetic Oil
- 5.3.1. Global Construction Lubricants Market, by Synthetic Oil, by Region, 2019-2032 (USD Billion)
- 5.4. Mineral Oil
- 5.4.1. Global Construction Lubricants Market, by Mineral Oil, by Region, 2019-2032 (USD Billion)
6. Global Construction Lubricants Market, by Product Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 6.3. Engine Oil
- 6.3.1. Global Construction Lubricants Market, by Engine Oil, by Region, 2019-2032 (USD Billion)
- 6.4. Hydraulic Fluid
- 6.4.1. Global Construction Lubricants Market, by Hydraulic Fluid, by Region, 2019-2032 (USD Billion)
- 6.5. Automatic Transmission Fluid
- 6.5.1. Global Construction Lubricants Market, by Automatic Transmission Fluid, by Region, 2019-2032 (USD Billion)
- 6.6. Gear Oil
- 6.6.1. Global Construction Lubricants Market, by Gear Oil, by Region, 2019-2032 (USD Billion)
- 6.7. Compressor Oil
- 6.7.1. Global Construction Lubricants Market, by Compressor Oil, by Region, 2019-2032 (USD Billion)
- 6.8. Grease
- 6.8.1. Global Construction Lubricants Market, by Grease, by Region, 2019-2032 (USD Billion)
- 6.9. Others
- 6.9.1. Global Construction Lubricants Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Construction Lubricants Market, by Equipment Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 7.3. Heavy Construction Vehicles
- 7.3.1. Global Construction Lubricants Market, by Heavy Construction Vehicles, By Region, 2019-2032 (USD Billion)
- 7.4. Earthmoving Equipment
- 7.4.1. Global Construction Lubricants Market, by Earthmoving Equipment, By Region, 2019-2032 (USD Billion)
- 7.5. Material Handling Equipment
- 7.5.1. Global Construction Lubricants Market, by Material Handling Equipment, By Region, 2019-2032 (USD Billion)
- 7.6. Others
- 7.6.1. Global Construction Lubricants Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Construction Lubricants Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Construction Lubricants Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Construction Lubricants Market - North America
- 8.3.1. North America: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.3.2. North America: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.3.3. North America: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.3.4. Construction Lubricants Market - U.S.
- 8.3.4.1. U.S.: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.3.5. Construction Lubricants Market - Canada
- 8.3.5.1. Canada: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.4. Construction Lubricants Market - Europe
- 8.4.1. Europe: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.3. Europe: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.4. Construction Lubricants Market - UK
- 8.4.4.1. UK: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.5. Construction Lubricants Market - France
- 8.4.5.1. France: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.5.3. France: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.6. Construction Lubricants Market - Germany
- 8.4.6.1. Germany: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.7. Construction Lubricants Market - Italy
- 8.4.7.1. Italy: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.8. Construction Lubricants Market - Spain
- 8.4.8.1. Spain: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.9. Construction Lubricants Market - Netherlands
- 8.4.9.1. Netherlands: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.10. Construction Lubricants Market - Russia
- 8.4.10.1. Russia: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.5. Construction Lubricants Market - Asia Pacific
- 8.5.1. Asia Pacific: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.4. Construction Lubricants Market - China
- 8.5.4.1. China: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.4.3. China: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.5. Construction Lubricants Market - India
- 8.5.5.1. India: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.5.3. India: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.6. Construction Lubricants Market - Malaysia
- 8.5.6.1. Malaysia: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.7. Construction Lubricants Market - Japan
- 8.5.7.1. Japan: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.8. Construction Lubricants Market - Indonesia
- 8.5.8.1. Indonesia: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.9. Construction Lubricants Market - South Korea
- 8.5.9.1. South Korea: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.6. Construction Lubricants Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.4. Construction Lubricants Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.5. Construction Lubricants Market - UAE
- 8.6.5.1. UAE: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.6. Construction Lubricants Market - Israel
- 8.6.6.1. Israel: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.7. Construction Lubricants Market - South Africa
- 8.6.7.1. South Africa: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.7. Construction Lubricants Market - Latin America
- 8.7.1. Latin America: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.4. Construction Lubricants Market - Mexico
- 8.7.4.1. Mexico: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.5. Construction Lubricants Market - Brazil
- 8.7.5.1. Brazil: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.6. Construction Lubricants Market - Argentina
- 8.7.6.1. Argentina: Construction Lubricants Market, by Base Oil, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Construction Lubricants Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Construction Lubricants Market, by Product Type, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Royal Dutch Shell
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. ExxonMobil
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. PetroChina Company
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. British Petroleum (BP)
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Chevron Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Sinopec
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Indian Oil Corporation
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. BP
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Fuchs Petrolub SE
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. QALCO
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Schaeffer Manufacturing Co
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Addinol Lube Oil GmbH
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development