Singapore Lubricants Market Size, Share, and COVID-19 Impact Analysis, By Product (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Gear Oils, and Others), By End-User (Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation, and Others), and Singapore Lubricants Market Size Insights, Industry Trend, Forecasts to 2035

Singapore Lubricants Market Size Insights Forecasts to 2035

• The Singapore Lubricants Market Size Was Estimated at USD 123.9 Million in 2024
• The Singapore Lubricants Market Size is Expected to Grow at a CAGR of Around 4.98% from 2025 to 2035
• The Singapore Lubricants Market Size is Expected to Reach USD 211.4 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, The Singapore Lubricants Market Size is anticipated to reach USD 211.4 million by 2035, growing at a CAGR of 4.98% from 2025 to 2035. The lubricants market in Singapore is driven by growth in vehicles and industries, high demand from marine and aviation sectors, and the need for efficient, high-quality lubricants to protect machinery and reduce maintenance.

Market Overview

The Singapore Lubricants Market Size encompasses the production, import, distribution, and consumption of lubricating oils and greases used in automotive, industrial, marine, aviation, and power generation applications for the purpose of friction reduction, heat control, and equipment life extension. The market is sustained by the aforementioned factors, such as the robust industrial base of Singapore, the busy port and aviation hub, the stable vehicle fleet, and the increasing demand for high-performance and eco-friendly lubricants.

The lubricants market in Singapore is essential to keep various sectors such as automotive, industrial machinery, marine vessels, and aviation operating smoothly. Lubricants help in wear reduction and thus save on maintenance costs. The demand for high-quality and efficient lubricants is high in Singapore due to its status as a major industrial and shipping hub. A few changes that can be observed in the market are the introduction of eco-friendly and synthetic lubricants, collaborations between oil producers and distributors for product range expansion, and digital marketing campaigns for the promotion of energy-efficient solutions. Subsequent opportunities are attributed to the increased demand for green and advanced formulation lubricants, higher usage of lubricants in electric vehicles and smart manufacturing, and the extension of services such as lubricant analysis and condition-based maintenance to offer more value-added solutions.

The Singapore Lubricants Market Size plays a fundamental role in energizing major industrial activities, shipping, aviation, and the daily use of vehicles. As a result, Singapore stands as one of the busiest ports on the globe, and the sales of bunker fuel for 2024 have been around 55 million metric tons, indicating a resilient marine and lubricant demand. The recent introduction of synthetic and eco-friendly lubricants and the expansion of the leading oil companies are clear signals that the need for efficient, high-performance products is on the rise. The market is, therefore, a long-term player due to the existence of many future possibilities, such as green lubricants, further advanced formulations, and increased lubricant consumption by modern industries.

Report Coverage

This research report categorizes the market for the Singapore Lubricants Market Size based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore Lubricants Market Size. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore Lubricants Market Size.

Driving Factors

The Singapore Lubricants Market Size is largely influenced by the strong industrial and manufacturing sectors. On top of that, the marine and shipping sectors have been major contributors to the demand, as Singapore is known to be a leading global port hub. The market is also fueled by the steady use of vehicles, growth of aviation activities, increasing application of high-performance and synthetic lubricants, and the goings-on in the industry to upgrade the equipment while lessening the maintenance and operating costs.

Restraining Factors

The Singapore Lubricants Market Size is restrained by factors such as strict environmental regulations, a volatile crude oil and base oil price scenario, the falling engine oil demand due to the increased use of electric vehicles, the stiff competition between local and global brands, and the increasing preference for long-lasting, low-maintenance lubricants, which naturally limit the frequency of replacement.

Market Segmentation

The Singapore Lubricants Market Size share is classified into product and end-user.

• The engine oils segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Singapore Lubricants Market Size is segmented by product into engine oils, greases, hydraulic fluids, metalworking fluids, gear oils, and others. Among these, the engine oils segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The engine oil segment’s growth is due to high vehicle usage, regular oil change requirements, strong transport activity, high awareness of vehicle maintenance, and increasing use of high-quality and synthetic engine oils to protect engines and improve performance.

• The automotive segment dominated the market in 2024 and is anticipated to grow at a substantial CAGR during the forecast period.

The Singapore Lubricants Market Size is segmented by end user into automotive, heavy equipment, metallurgy & metalworking, power generation, and others. Among these, the automotive segment dominated the market in 2024 and is anticipated to grow at a substantial CAGR during the forecast period. The automotive segmental growth is due to high vehicle ownership and usage, regular maintenance and oil replacement needs, strong demand from commercial and logistics vehicles, rising awareness of vehicle performance and engine protection, and increasing use of synthetic and high-quality automotive lubricants.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore Lubricants Market Size, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ExxonMobil Corporation
• Shell plc
• BP plc (Castrol)
• Chevron Corporation
• TotalEnergies SE
• Fuchs Singapore
• Idemitsu Kosan Co., Ltd.
• Motul (High-Tech Lubricants AP)
• Sinopec Lubricant Singapore
• RafflesLube Pte Ltd
• United Oil Company Pte Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments:

• In April 2025, TotalEnergies’ joint venture S-OIL TotalEnergies Lubricants launched new engine oils in Singapore meeting the latest API SQ and ILSAC GF-7 standards to boost fuel efficiency, engine protection, and performance in modern vehicles.

Market Segment

This study forecasts revenue at the Singapore, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Singapore Lubricants Market Size based on the below-mentioned segments:

Singapore Lubricants Market Size, By Product

• Engine Oils
• Greases
• Hydraulic Fluids
• Metalworking Fluids
• Gear Oils
• Others

Singapore Lubricants Market Size, By End-User 

• Automotive
• Heavy Equipment
• Metallurgy & Metalworking
• Power Generation
• Others