Europe Industrial Lubricants Market Size Worth USD 26.93 Billion by 2034 | CAGR: 2.5%

The europe industrial lubricants market size is expected to reach USD 26.93 Billion by 2034, according to a new study by Polaris Market Research. The report “Europe Industrial Lubricants Market Share, Size, Trends, Industry Analysis Report: By Base Oil Type, By Application, By End User, and By Country; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for industrial lubricants in Europe is growing due to their critical role in enhancing equipment performance, reducing friction and supporting preventive maintenance across industries such as automotive, manufacturing, energy and construction. Industrial lubricants include engine oils, hydraulic fluids, metalworking fluids, gear oils and process oils that ensure machinery reliability, energy efficiency and extended equipment lifespan.

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Market growth is driven by rising manufacturing output, expansion of the automotive industry, and the shift toward high-performance lubricants that support modern machinery requirements. Additionally, increasing adoption of synthetic lubricants, stricter environmental regulations, and advancements in formulation technologies are fueling demand across end-use sectors.

Top of FormEurope Industrial Lubricants Market Report Highlights

• Based on base oil, the mineral oils segment dominated the market in 2024, driven by wide availability, cost-effectiveness, and strong compatibility with conventional machinery.
• In terms of application, the metalworking fluids segment dominated the Europe industrial lubricants market in 2024, driven by high usage in machining and cutting operations across the automotive and manufacturing sectors.
• Based on end users, manufacturing held the largest share in 2024, fueled by its strong industrial base and modernization of production lines.
• Germany accounted for the largest share in 2024, driven by strong industrial output, preventive maintenance culture and presence of leading automotive and manufacturing hubs.
• The UK is projected to witness the fastest CAGR through 2034, driven by rising adoption of sustainable lubricants and expansion of its automotive and industrial equipment sectors.
• A few global key market players include Shell plc, BP p.l.c., Exxon Mobil Corporation, TotalEnergies SE, Chevron Corporation, FUCHS SE, PETRONAS Lubricants International Sdn Bhd, Idemitsu Kosan Co., Ltd., Phillips 66 Company, Enilive S.p.A., Gazpromneft-Lubricants Ltd., and Quaker Chemical Corporation.

Polaris Market Research has segmented the market report on the basis of base oil type, application, end user, and region:

By Base Oil Type Outlook (Revenue, USD Billion, 2020–2034)

• Mineral Oils
• Synthetic Oils
• Bio-Based Oils
• Recycled Oils Source

By Application Outlook (Revenue, USD Billion, 2020–2034)

• Metalworking Fluids
• Hydraulic Fluids
• General Europe Industrial Lubricants
• Process Oils
• Gear Oils

By End User Outlook (Revenue, USD Billion, 2020–2034)

• Manufacturing
• Automotive
• Aerospace
• Energy
• Construction

By Country Outlook (Revenue, USD Billion, 2020–2034)

• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe