Lubricants Market Morning Report20260630

Global Market Updates

2026 Lubricant Market Forecast & Outlook

The lubricant industry is evolving toward technological innovation, green manufacturing and intelligent service upgrading.

2026 Industry Observation: Silent Reshuffling of OEM Processing Model

The industry faces three major pressures: new energy penetration, upgraded industry standards, and fragmented sales channels.

Russia extends the gasoline export ban until late February 2026, with bans on diesel and marine fuel oil extended simultaneously to secure domestic energy supply.

The Asia-Pacific region accounts for 49.9% of global lubricant demand. India has become the fastest-growing lubricant market in the Asia-Pacific.

The 2026 Shanghai International Lubricant Exhibition was successfully held in June, gathering more than 350 high-quality manufacturers across the entire industrial chain.

Lubricant Industry News

Compton officially signed a cooperation agreement with Taiyuan Heavy Industry for construction machinery operating oil, completing its supporting layout among top engineering machinery manufacturers.

Idemitsu announced its first batch of authorized industrial lubricant dealers for 2026, empowering a new regional service ecosystem with eight strategic partners.

Longpan launched its 5th-generation ethanol-based windshield washer fluid, leveraging new energy-oriented R&D to drive industrial upgrading.

South American Market

Brazil ranks as the world’s sixth-largest lubricant market with an annual consumption of approximately 1.23 million tons. Brazil contributes more than half of South America’s finished lubricant demand, supported by continuous growth in vehicle ownership.

African Market

Nigeria records over 4 million liters of illegal lubricant imports annually, with the government continuously strengthening market supervision.

South Africa has an annual lubricant demand of 360,000 tons, serving as the major lubricant distribution hub across Africa.

Russian Market

Lukoil Lubricants holds over 40% of Russia’s market share with annual sales exceeding 1.2 million tons.

The Moscow International Lubricants & Technology Exhibition remains the leading industry event across the CIS region.

South Asian Market

India is the world’s fifth-largest lubricant market with an annual growth rate of 3.7%. Industrial sectors account for 51% of total lubricant consumption, mainly driven by power and chemical industries.

Malaysian Marine Fuel Market

Malaysia provides bunkering services across 19 ports and operates 15 large fuel bunkering vessels, serving container ships, oil tankers and cruise ships.

Lubricant Technical Knowledge

Category A · Popular Science: What is the Viscosity Index (VI) and Why It Matters

The viscosity index indicates how much lubricant viscosity changes with temperature. A higher VI means more stable viscosity performance.

High-VI lubricants maintain sufficient viscosity at high temperatures while ensuring excellent fluidity at low temperatures, suitable for wide-temperature operating conditions. A VI above 95 is regarded as a qualified standard for high-quality lubricants.

Category B · Technical: Three Core Functions of Lubricant Additive Packages

• Anti-wear additives (ZDDP etc.): Form protective films on metal surfaces to reduce friction and mechanical wear.

• Detergents (sulfonate series): Prevent carbon and sludge deposition to keep engines clean internally.

• Antioxidants (phenolic series): Slow down oil oxidation and extend service intervals.