Global Lubricant Ester Market Size To Exceed USD 1.19 Billion By 2035 | CAGR of 1.78%
Category: Chemicals & MaterialsGlobal Lubricant Ester Market Size To Exceed USD 1.19 Billion By 2035
According to a research report published by Spherical Insights & Consulting, The Global Lubricant Ester Market Size is expected to grow from USD 0.98 Billion in 2024 to USD 1.19 Billion by 2035, at a CAGR of 1.78% during the forecast period 2025-2035.
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Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the "Global Lubricant Ester Market Size, Share, and COVID-19 Impact Analysis, By Ester Type (Monoesters, Polyol Esters, Diesters, Trimellitate Esters, Aromatic Esters, and Other Ester Types), By Application (Engine Oil, Gear Oil, Industrial, Automotive, Turbine Lubricants, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/global-lubricant-ester-market
The lubricant ester market is the industry involving the production, distribution, and application of lubricants made with synthetic ester base oils, offering superior high-temperature stability, lubricity, and biodegradability compared to traditional petroleum-based lubricants. Lubricant ester is a synthetic or bio-derived fluid created from the chemical reaction of an alcohol and an acid, used in the manufacturing of high-quality engine oil. There is increasing investment in R&D activities for improving ester formulations, with surging focus on innovation, capacity expansion, and sustainable production practices. An increasing demand for lubricant esters across oil & gas as well as in mining & construction activities is escalating market growth opportunities. The increasing demand for high-performance and environmentally friendly lubricants is driving the lubricant ester market. On the contrary, the lack of technical expertise and limited awareness about the long-term benefit of using lubricants are hampering the market.
The polyol esters segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the ester type, the lubricant ester market is divided into monoesters, polyol esters, diesters, trimellitate esters, aromatic esters, and other ester types. Among these, the polyol esters segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period. Polyol esters’ good thermal stability, low volatility, and superior lubrication under extreme conditions are responsible for market growth. They are used to reduce friction between parts, preventing damage to the machine.
The engine oils segment accounted for a dominant market share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the lubricant ester market is divided into engine oil, gear oil, industrial, automotive, turbine lubricants, and others. Among these, the engine oils segment accounted for a dominant market share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Engine oil has an important role in keeping the vehicle running smoothly, not just reducing friction but also protecting, cooling, and ensuring that the engine stays efficient. The surging need for esters in engine oil formulation, with an increasing number of vehicle purchases contributing to driving market demand.
North America is expected to hold the majority share of the global Lubricant Ester market during the forecast period.
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North America is expected to hold the majority share of the global Lubricant Ester market during the forecast period. The increasing use of lubricant ester for lubrication across various automotive parts and machines aids in propelling market demand. Further, the adoption of eco-friendly bioderived lubricants and biolubricants across marine, agriculture, and forestry equipment sectors is propelling market growth.
Asia Pacific is anticipated to grow at the fastest pace in the global Lubricant Ester market during the forecast period. The increasing investment in high-performance lubricants is driving the demand for producing esters, thereby escalating the market growth. The presence of industrial sectors, including manufacturing, mining, and energy, contributes to bolstering the lubricant ester market.
Major vendors in the global lubricant ester market are Avi-Oil India [P] Ltd., ABITEC, Afton Chemical Corporation (NewMarket Corporation), Avient Corporation, BASF SE, Beser Chemical Industry, Cremer Oleo GmbH & Co. KG, Croda International Plc, Emery Oleochemicals, Evonik AG, ExxonMobil Corporation, Kao Corporation, Lanxess, NYCO, Quality Group, SPAK Orgochem Pvt. Ltd., Zschimmer & Schwarz, Inc., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In June 2025, Perstop, a global leader in specialty chemicals and a wholly owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), launched a new range of saturated synthetic polyol esters designed for high-performance lubricant applications.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the lubricant ester market based on the below-mentioned segments:
Global Lubricant Ester Market, By Ester Type
- Monoesters
- Polyol Esters
- Diesters
- Trimellitate Esters
- Aromatic Esters
- Other Ester Types
Global Lubricant Ester Market, By Application
- Engine Oil
- Gear Oil
- Industrial
- Automotive
- Turbine Lubricants
- Others
Global Lubricant Ester Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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