How Big is the Synthetic Lubricant Market | Industry Analysis, Trends & Forecast 2025

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Code: MTA9066

Publication Date: Sep 2025

What is the size of Synthetic Lubricant Market?

According to 6Wresearch internal database and industry insights, Global Synthetic Lubricant Market was estimated at USD 16 billion in 2024 and is projected to reach USD 23 billion by 2031, reflecting at a CAGR of 6.8% during the forecast period 2025-2031.

Growth of the Synthetic Lubricant Market is attributed to the increasing demand from automotive, industrial machinery, and aerospace sectors, rising need for high-performance and eco-friendly lubricants, and technological advancements in synthetic base oils.

Key Growth Drivers of the Synthetic Lubricant Market

The adoption in automotive engines and industrial machinery is rising.
The use in aerospace and marine applications is increasing.
The demand in metalworking fluids and hydraulic systems is on the rise.
The production facilities and investments in advanced lubricant technologies in growing.
Preference for high-performance, long-lasting, and environmentally friendly lubricants is on rise.

Synthetic Lubricant Market Trends

Synthetic Lubricant Market is evolving over the years with major trends such as the development of bio-based and high-performance synthetic oils to meet the environmental and efficiency standards globally. Another major trend is the increasing adoption in electric vehicles and advanced industrial applications which is shaping the dynamics of market. Also, the focus is emphasizing on energy-saving lubricants, extended service life oils, and multifunctional formulations is contributing to market expansion.

Emerging Developments in the Synthetic Lubricant Market

Synthetic Lubricant Market is being advanced in the recent years with continuous innovations in eco-friendly, bio-based, and high-performance synthetic oils that offer superior thermal stability and reduced wear. The fund is increased in R&D to develop next-generation lubricants with enhanced efficiency and lower environmental impact. Further, strategic partnerships with OEMs and industrial users are increasing to drive adoption. Furthermore, regulatory compliance, sustainability initiatives, and the shift toward energy-efficient machinery are accelerating market growth.