Base Oil Market Size, Share & Industry Analysis, By Type (Group I, Group II, Group III, Group IV, and Others) By Application (Engine Oils, Gear Oils, Metalworking Fluids, General Industrial Oils, Greases, Process Oils, and Others), and Regional Forecast, 2026-2034

ATTRIBUTE

DETAILS

Study Period

2021-2034

Base Year

2025

Estimated Year

2026

Forecast Period

2026-2034

Historical Period

2021-2024

Unit

Value (USD Billion) and Volume (Million Ton)

Growth Rate

CAGR of 3.10% from 2026 to 2034

Segmentation

By Type

• Group I
• Group II
• Group III
• Group IV
• Others

By Application

• Engine Oils
• Gear Oils
• Metalworking Fluids
• General Industrial Oils
• Greases
• Process Oils
• Others

By Geography

• North America (By Type, By Application, By Country)
  • U.S.  (By Application)
  • Canada (By Application)
• Europe (By Type, By Application, By Country)
  • Germany (By Application)
  • Italy (By Application)
  • France (By Application)
  • U.K. (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Type, By Application, Country)
  • China (By Application)
  • India (By Application)
  • Japan (By Application)
  • South Korea (By Application)
  • Rest of Asia Pacific (By Application)
• Latin America (By Type, By Application, Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
•  Middle East & Africa (By Type, By Application, Country)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of the Middle East & Africa (By Application)