Plastic External Lubricant Market size was valued at USD 1.5 Billion in 2024 and is projected to reach USD 2.8 Billion by 2033, exhibiting a CAGR of 7.2% from 2026 to 2033.
The global plastic external lubricant market was valued at approximately USD 1.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030. The markets growth is driven by the increasing demand for plastic products across various industries, such as automotive, packaging, and consumer goods. The Asia Pacific region dominates the plastic external lubricant market, accounting for more than 40% of the total market share in 2022. This is attributed to the high production capacity of plastic manufacturing in countries like China, India, and Japan, which are also major consumers of lubricants in plastic production. North America and Europe follow, with steady growth rates, primarily fueled by the rising demand for lubricants in the automotive and healthcare sectors.
In terms of regional growth opportunities, Latin America and the Middle East & Africa are expected to witness the highest CAGR during the forecast period. As these regions continue to invest in infrastructure and industrial development, the need for plastic products and, consequently, external lubricants is set to increase. The growth of the automotive sector in these regions will also contribute to the markets expansion. Additionally, advancements in sustainable lubricants and growing awareness of environmental impact are expected to create new opportunities for the market. The increasing demand for high performance lubricants that enhance the durability and efficiency of plastic products is likely to fuel innovation in product offerings across all regions.
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BASF
Clariant
UPC Technology Corporation
Honeywell
Savita
Sasol
Mitsui Chemicals
INEOS Inovyn
Shell
Euroceras
Farabi Petrochemicals
Exxon Mobil
Qingdao Sainuo Chemical
Coschem
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastic External Lubricant Market
Natural Lubricants
Synthetic Lubricants
Bio-based Lubricants
Mineral Lubricants
Plastic Processing (e.g., extrusion, injection molding)
Coating and Finishing
Machinery and Equipment
Automotive and Transportation
Consumer Goods
Automotive
Aerospace
Construction
Healthcare
Electrical and Electronics
Non-polar Lubricants
Polar Lubricants
Slippery Polymer Formulations
Multi-component Systems
Liquid Lubricants
Solid Lubricants
Paste Lubricants
Powdered Lubricants
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plastic External Lubricant Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plastic External Lubricant Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plastic External Lubricant Market, By Type
6. Global Plastic External Lubricant Market, By Application
7. Global Plastic External Lubricant Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Plastic External Lubricant Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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