European and international lubricant market
According to the latest available data from the research firm Statista (2017), total global lubricant consumption is estimated at 37 million metric tons in 2017, reaching almost 38-39 million metric tons in 2019.
The increase in global demand for lubricants (in terms of quantity) is expected to come mainly from the Asia-Pacific region.
Demand is expected to grow at a rapid pace in this area as many Asian countries (mainly China and India) are constantly increasing their industrial output and their vehicle fleet.
Specifically, for Europe in 2017, the top 5 markets cover 2/3 of total lubricant demand.