Mineral-oil lubricants market seen reaching $42.25B by 2030

The global mineral-oil-based lubricants market is projected to grow from $33.66 billion in 2025 to $42.25 billion by 2030, driven by vehicle ownership, automotive production and industrial machinery use. Asia-Pacific held the biggest share in 2025 and is expected to grow fastest over the forecast period.

Why it matters: - Mineral-oil-based lubricants sit inside automotive and industrial supply chains, so market growth tracks broader manufacturing, mobility and equipment-use trends. - The market forecast signals continued demand for products that reduce friction, extend equipment life and support operational efficiency.

What happened: - The Business Research Company projected the mineral-oil-based lubricants market will rise from $33.66 billion in 2025 to $35.34 billion in 2026. - The report puts the market on course to reach $42.25 billion by 2030, which implies a 4.6% CAGR through the forecast period. - The report was published Oct. 2, 2026, from London. - The company also released a sample request page and the full market report online: Download a free sample and View the full report.

The details: - The market’s recent growth has been supported by higher automotive production, rising vehicle ownership, wider use of industrial machinery and stronger demand for maintenance and lubrication. - Manufacturing and heavy industry have added to demand across industrial applications. - Mineral-oil-based lubricants are refined-crude-oil fluids used to reduce friction and wear between moving parts. - The products are blended with additives to improve viscosity stability, oxidation resistance and thermal performance. - The forecast period includes demand for more efficient lubrication systems, longer equipment life, greater reliability and broader use of advanced additive technologies. - Other expected drivers include industrial automation, expanding machinery use and specialized lubricants for harsher operating conditions. - Key product trends in the report include higher-performance formulations, additives that extend drain intervals, low-viscosity products that improve fuel efficiency and better thermal and oxidation stability. - In 2025, Asia-Pacific held the largest share of the global market and is expected to be the fastest-growing region during the forecast period. - The report covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

Between the lines: - The forecast suggests lubricant demand is being shaped less by one end market and more by a mix of auto sales, fleet growth, industrial output and equipment uptime requirements. - The emphasis on additive technology and low-viscosity formulations points to a market moving toward performance gains rather than basic commodity supply. - The United Kingdom example underscores how vehicle count translates directly into lubricant demand, with licensed vehicles reaching 42.3 million by the end of 2025, up 1% from 2024.

What's next: - Market competition is likely to focus on formulation efficiency, extended service intervals and products tuned for fuel economy and durability. - Regional growth momentum appears strongest in Asia-Pacific, where industrial expansion and vehicle demand remain elevated. - The Business Research Company says its 2026 reports also include market attractiveness scoring, TAM analysis, company scoring matrices, forecasting dashboards, hotspot infographics and future trend analysis.

The bottom line: - Mineral-oil-based lubricants remain a steady-growth market, with automotive and industrial demand expected to keep expanding through 2030.