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How Does the Construction Lubricants Market Look in terms of Historic Size and Growth?
The construction lubricants market size has witnessed substantial growth in recent years. It grew from $13.85 billion in 2024 to $14.9 billion in 2025, marking a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be ascribed to an infrastructure boom, urbanization trends, industrialization, and global economic growth.
What Are the Predictions For the Construction Lubricants Market Going Forward?
Forecasts show that the construction lubricants market size is set to experience robust growth in the coming years. It’s projected to grow to $18.82 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to smart construction practices, sustainable construction, digitalization in construction equipment, and emerging markets.
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What Drivers Are Propelling The Growth of the Construction Lubricants Market?
Underlying the growth of the construction lubricants market is a surge in construction and mining activities. Construction lubricants, substances that ease friction between contacting surfaces, thereby lowering heat generation during surface movement, are used extensively in marine engines, automobiles, and other machinery. For instance, the Indian mining and construction equipment industry has grown by 15-20% in 2021. Expected to drive the market significantly is the estimated robust equipment demand growth of 45-50% in Q1 of 2021.
What Are the Key Segments Within the Global Construction Lubricants Market?
1) By Basis Type: Hydraulic Fluid, Engine Oil, Gear Oil, Automatic Transmission Fluid (ATF), Grease, Compressor Oil
2) By Base Oil: Synthetic Oil, Mineral Oil
3) By Application: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Applications
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Who Are The Key Players Transforming The Global Construction Lubricants Market?
Major companies operating within the construction lubricants market domain include ExxonMobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, China Petrochemical Corporation (Sinopec), Chevron Corporation, PetroChina Company Limited, FUCHS Petrolub SE, PJSC LUKOIL, China Petroleum & Chemical Corporation (Sinopec), and Phillips 66 Company.
What Trends Are Shaping The Construction Lubricants Market?
One key trend in the construction lubricants industry is the development of zinc-free (ashless) lubricants. These lubricants have excellent ability to prevent wear, rust, foam, oxidation, air, and water entrainment, and provide exceptional thermal stability, making them environmentally friendly and more efficient than their zinc counterparts.
Which Region Is Leading The Construction Lubricants Market?
In 2024, Europe was the largest region in the construction lubricants market. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction lubricants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Construction Lubricants Market Report 2025 Offer?
Construction lubricants are chemical compounds used in machinery and equipment to decrease friction between contacting surfaces, hence reducing the heat generated during surface movement. The Construction Lubricants Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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