Global Gear Oil Compound Industry

Global Gear Oil Compound Industry Research & Trends Analysis Report

Global Gear Oil Compound Industry

Global Gear Oil Compound Industry Research & Trends Analysis Report

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According to Latest Study, the global market for Gear Oil Compound should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

China Gear Oil Compound market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

The United States Gear Oil Compound market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

In terms of api level, GL-1 segment holds a share about % in 2024 and will reach % in 2030; while in terms of application, Vehicle Gear Oil has a share approximately % in 2023 and will grow at a CAGR % during 2024 and 2030.

The global key manufacturers of Gear Oil Compound include Lubrizol, Chevron Oronite, Afton, Richful, Kang Tai, HaiRun Lubricants Co.,Ltd., Phillips 66 Lubricants, Motorex-Bucher Group and Commercial Oil Company, etc. In 2022, the global top five players hold a share approximately % in terms of revenue.

This report aims to provide a comprehensive study of the global market for Gear Oil Compound. Report Highlights:

(1) Global Gear Oil Compound market size (sales volume & revenue), history data from 2019-2023 and forecast data from 2024 to 2030.

(2) Global Gear Oil Compound market competitive situation, sales, revenue, price and market share, from 2019 to 2023.

(3) China Gear Oil Compound market competitive situation, sales, revenue, price and market share, from 2019 to 2023.

(4) Global Gear Oil Compound segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.

(5) Global Gear Oil Compound segment by type and by application and regional segment by type and by application.

(6) Global major production regions of Gear Oil Compound, capacity, production and trends.

(7) Gear Oil Compound industry supply chain, upstream, midstream and downstream analysis.

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa

Market segment by api level, covers

GL-1

GL-4

GL-5

Others

Market segment by application, can be divided into

Vehicle Gear Oil

Car Axle

Gearbox

Others

Market segment by players, this report covers

Lubrizol

Chevron Oronite

Afton

Richful

Kang Tai

HaiRun Lubricants Co.,Ltd.

Phillips 66 Lubricants

Motorex-Bucher Group

Commercial Oil Company

ExxonMobil

Caltex

Tanee Chemical Ltd.

1 Market Overview

1.1 Gear Oil Compound Definition

1.2 Global Gear Oil Compound Market Size and Forecast

1.2.1 By Revenue, Global Gear Oil Compound Market Size, 2019-2030

1.2.2 By Sales Volume, Global Gear Oil Compound Market Size, 2019-2030

1.2.3 Global Gear Oil Compound Price Trend, 2019-2030

1.3 China Gear Oil Compound Market Size and Forecast

1.3.1 By Revenue, China Gear Oil Compound Market Size, 2019-2030

1.3.2 By Sales Volume, China Gear Oil Compound Market Size, 2019-2030

1.3.3 China Gear Oil Compound Price Trend, 2019-2030

1.4 China Percentage in Global Market

1.4.1 By Revenue, China Gear Oil Compound Share in Global Market, 2019-2030

1.4.2 By Sales Volume, China Gear Oil Compound Share in Global Market, 2019-2030

1.4.3 Gear Oil Compound Market Size: China VS Global, 2019-2030

1.5 Gear Oil Compound Market Dynamics

1.5.1 Gear Oil Compound Market Drivers

1.5.2 Gear Oil Compound Market Restraints

1.5.3 Gear Oil Compound Industry Trends

1.5.4 Gear Oil Compound Industry Policy

2 Global Competitive Landscape by Company

2.1 Global Gear Oil Compound Revenue by Company, 2019-2024

2.2 Global Gear Oil Compound Sales Volume by Company, 2019-2024

2.3 Global Gear Oil Compound Price by Company, 2019-2024

2.4 Global Gear Oil Compound Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.5 Global Gear Oil Compound Concentration Ratio

2.6 Global Gear Oil Compound Mergers & Acquisitions, Expansion Plans

2.7 Global Gear Oil Compound Manufacturers Product Type

3 China Competitive Landscape by Company

3.1 China Gear Oil Compound Revenue by Company, 2019-2024

3.2 China Gear Oil Compound Sales Volume by Company, 2019-2024

3.3 China Gear Oil Compound Gear Oil Compound Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.4 China Gear Oil Compound Market, Sales Percentage of Local Players VS Foreign Players (2019-2024)

3.5 Chinese Local Players, Gear Oil Compound Domestic VS Export

3.6 China Market, Gear Oil Compound Import & Export

3.6.1 China Market, Gear Oil Compound Import & Export, 2019-2030

3.6.2 China Gear Oil Compound Import & Export Trends

3.6.3 Main Sources of China Gear Oil Compound Import

3.6.4 Export Destination of China Gear Oil Compound

4 Gear Oil Compound Production by Region

4.1 Global Gear Oil Compound Capacity, Production and Capacity Utilization, 2019-2030

4.2 Global Geographic Distribution of Gear Oil Compound Manufacturers

4.3 Global Major Manufacturers, Gear Oil Compound Capacity Expansion and Future Plans

4.4 Global Gear Oil Compound Capacity by Region

4.5 Global Gear Oil Compound Production by Region

4.5.1 Global Gear Oil Compound Production & Forecast by Region, 2019 VS 2024 VS 2030

4.5.2 Global Gear Oil Compound Production by Region, 2019-2024

4.5.3 Global Gear Oil Compound Production Market Share & Forecast by Region, 2019-2030

5 Industry Chain Analysis

5.1 Gear Oil Compound Industry Chain

5.2 Gear Oil Compound Upstream Analysis

5.2.1 Gear Oil Compound Core Raw Materials

5.2.2 Main Manufacturers of Gear Oil Compound Core Raw Materials

5.3 Midstream Analysis

5.4 Downstream Analysis

5.5 Gear Oil Compound Production Mode

5.6 Gear Oil Compound Procurement Model

5.7 Gear Oil Compound Industry Sales Model and Sales Channels

5.7.1 Gear Oil Compound Sales Model

5.7.2 Gear Oil Compound Typical Distributors

6 Sights by API Level

6.1 Gear Oil Compound Classification

6.1.1 GL-1

6.1.2 GL-4

6.1.3 GL-5

6.1.4 Others

6.2 By API Level, Global Gear Oil Compound Market Size & CAGR, 2019 VS 2024 VS 2030

6.3 By API Level, Global Gear Oil Compound Revenue, 2019-2030

6.4 By API Level, Global Gear Oil Compound Sales Volume, 2019-2030

6.5 By API Level, Global Gear Oil Compound Price, 2019-2030

7 Sights by Application

7.1 Gear Oil Compound Segment by Application

7.1.1 Vehicle Gear Oil

7.1.2 Car Axle

7.1.3 Gearbox

7.1.4 Others

7.2 By Application, Global Gear Oil Compound Market Size & CAGR, 2019 VS 2024 VS 2030

7.3 By Application, Global Gear Oil Compound Revenue, 2019-2030

7.4 By Application, Global Gear Oil Compound Sales Volume, 2019-2030

7.5 By Application, Global Gear Oil Compound Price, 2019-2030

8 Sales Sights by Region

8.1 By Region, Global Gear Oil Compound Market Size, 2019 VS 2024 VS 2030

8.2 By Region, Global Gear Oil Compound Revenue, 2019-2030

8.3 By Region, Global Gear Oil Compound Sales Volume, 2019-2030

8.4 North America

8.4.1 North America Gear Oil Compound Market Size & Forecasts, 2019-2030

8.4.2 By Country, North America Gear Oil Compound Market Size Market Share

8.5 Europe

8.5.1 Europe Gear Oil Compound Market Size & Forecasts, 2019-2030

8.5.2 By Country, Europe Gear Oil Compound Market Size Market Share

8.6 Asia Pacific

8.6.1 Asia Pacific Gear Oil Compound Market Size & Forecasts, 2019-2030

8.6.2 By Country/Region, Asia Pacific Gear Oil Compound Market Size Market Share

8.7 South America

8.7.1 South America Gear Oil Compound Market Size & Forecasts, 2019-2030

8.7.2 By Country, South America Gear Oil Compound Market Size Market Share

8.8 Middle East & Africa

9 Sales Sights by Country Level

9.1 By Country, Global Gear Oil Compound Market Size & CAGR，2019 VS 2024 VS 2030

9.2 By Country, Global Gear Oil Compound Revenue, 2019-2030

9.3 By Country, Global Gear Oil Compound Sales Volume, 2019-2030

9.4 U.S.

9.4.1 U.S. Gear Oil Compound Market Size, 2019-2030

9.4.2 By Company, U.S. Gear Oil Compound Sales Volume Market Share, 2022

9.4.3 By API Level, U.S. Gear Oil Compound Market Size, Share, 2022 VS 2029

9.4.4 By Application, U.S. Gear Oil Compound Market Size, Share, 2022 VS 2029

9.5 Europe

9.5.1 Europe Gear Oil Compound Market Size, 2019-2030

9.5.2 By Company, Europe Gear Oil Compound Sales Volume Market Share, 2022

9.5.3 By API Level, Europe Gear Oil Compound Market Size, Share, 2022 VS 2029

9.5.4 By Application, Europe Gear Oil Compound Market Size, Share, 2022 VS 2029

9.6 China

9.6.1 China Gear Oil Compound Market Size, 2019-2030

9.6.2 By Company, China Gear Oil Compound Sales Volume Market Share, 2022

9.6.3 By API Level, China Gear Oil Compound Market Size, Share, 2022 VS 2029

9.6.4 By Application, China Gear Oil Compound Market Size, Share, 2022 VS 2029

9.7 Japan

9.7.1 Japan Gear Oil Compound Market Size, 2019-2030

9.7.2 By Company, Japan Gear Oil Compound Sales Volume Market Share, 2022

9.7.3 By API Level, Japan Gear Oil Compound Market Size, Share, 2022 VS 2029

9.7.4 By Application, Japan Gear Oil Compound Market Size, Share, 2022 VS 2029

9.8 South Korea

9.8.1 South Korea Gear Oil Compound Market Size, 2019-2030

9.8.2 By Company, South Korea Gear Oil Compound Sales Volume Market Share, 2022

9.8.3 By API Level, South Korea Gear Oil Compound Market Size, Share, 2022 VS 2029

9.8.4 By Application, South Korea Gear Oil Compound Market Size, Share, 2022 VS 2029

9.9 Southeast Asia

9.9.1 Southeast Asia Gear Oil Compound Market Size, 2019-2030

9.9.2 By Company, Southeast Asia Gear Oil Compound Sales Volume Market Share, 2022

9.9.3 By API Level, Southeast Asia Gear Oil Compound Market Size, Share, 2022 VS 2029

9.9.4 By Application, Southeast Asia Gear Oil Compound Market Size, Share, 2022 VS 2029

9.10 India

9.10.1 India Gear Oil Compound Market Size, 2019-2030

9.10.2 By Company, India Gear Oil Compound Sales Volume Market Share, 2022

9.10.3 By API Level, India Gear Oil Compound Market Size, Share, 2022 VS 2029

9.10.4 By Application, India Gear Oil Compound Market Size, Share, 2022 VS 2029

9.11 Middle East & Asia

9.11.1 Middle East & Asia Gear Oil Compound Market Size, 2019-2030

9.11.2 By Company, Middle East & Asia Gear Oil Compound Sales Volume Market Share, 2022

9.11.3 By API Level, Middle East & Asia Gear Oil Compound Market Size, Share, 2022 VS 2029

9.11.4 By Application, Middle East & Asia Gear Oil Compound Market Size, Share, 2022 VS 2029

10 Manufacturers Profile

10.1 Lubrizol

10.1.1 Lubrizol Company Information, Head Office, Market Area and Industry Position

10.1.2 Lubrizol Gear Oil Compound Models, Specifications and Application

10.1.3 Lubrizol Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.1.4 Lubrizol Company Profile and Main Business

10.1.5 Lubrizol Recent Developments

10.2 Chevron Oronite

10.2.1 Chevron Oronite Company Information, Head Office, Market Area and Industry Position

10.2.2 Chevron Oronite Gear Oil Compound Models, Specifications and Application

10.2.3 Chevron Oronite Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.2.4 Chevron Oronite Company Profile and Main Business

10.2.5 Chevron Oronite Recent Developments

10.3 Afton

10.3.1 Afton Company Information, Head Office, Market Area and Industry Position

10.3.2 Afton Gear Oil Compound Models, Specifications and Application

10.3.3 Afton Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.3.4 Afton Company Profile and Main Business

10.3.5 Afton Recent Developments

10.4 Richful

10.4.1 Richful Company Information, Head Office, Market Area and Industry Position

10.4.2 Richful Gear Oil Compound Models, Specifications and Application

10.4.3 Richful Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.4.4 Richful Company Profile and Main Business

10.4.5 Richful Recent Developments

10.5 Kang Tai

10.5.1 Kang Tai Company Information, Head Office, Market Area and Industry Position

10.5.2 Kang Tai Gear Oil Compound Models, Specifications and Application

10.5.3 Kang Tai Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.5.4 Kang Tai Company Profile and Main Business

10.5.5 Kang Tai Recent Developments

10.6 HaiRun Lubricants Co.,Ltd.

10.6.1 HaiRun Lubricants Co.,Ltd. Company Information, Head Office, Market Area and Industry Position

10.6.2 HaiRun Lubricants Co.,Ltd. Gear Oil Compound Models, Specifications and Application

10.6.3 HaiRun Lubricants Co.,Ltd. Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.6.4 HaiRun Lubricants Co.,Ltd. Company Profile and Main Business

10.6.5 HaiRun Lubricants Co.,Ltd. Recent Developments

10.7 Phillips 66 Lubricants

10.7.1 Phillips 66 Lubricants Company Information, Head Office, Market Area and Industry Position

10.7.2 Phillips 66 Lubricants Gear Oil Compound Models, Specifications and Application

10.7.3 Phillips 66 Lubricants Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.7.4 Phillips 66 Lubricants Company Profile and Main Business

10.7.5 Phillips 66 Lubricants Recent Developments

10.8 Motorex-Bucher Group

10.8.1 Motorex-Bucher Group Company Information, Head Office, Market Area and Industry Position

10.8.2 Motorex-Bucher Group Gear Oil Compound Models, Specifications and Application

10.8.3 Motorex-Bucher Group Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.8.4 Motorex-Bucher Group Company Profile and Main Business

10.8.5 Motorex-Bucher Group Recent Developments

10.9 Commercial Oil Company

10.9.1 Commercial Oil Company Company Information, Head Office, Market Area and Industry Position

10.9.2 Commercial Oil Company Gear Oil Compound Models, Specifications and Application

10.9.3 Commercial Oil Company Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.9.4 Commercial Oil Company Company Profile and Main Business

10.9.5 Commercial Oil Company Recent Developments

10.10 ExxonMobil

10.10.1 ExxonMobil Company Information, Head Office, Market Area and Industry Position

10.10.2 ExxonMobil Gear Oil Compound Models, Specifications and Application

10.10.3 ExxonMobil Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.10.4 ExxonMobil Company Profile and Main Business

10.10.5 ExxonMobil Recent Developments

10.11 Caltex

10.11.1 Caltex Company Information, Head Office, Market Area and Industry Position

10.11.2 Caltex Gear Oil Compound Models, Specifications and Application

10.11.3 Caltex Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.11.4 Caltex Company Profile and Main Business

10.11.5 Caltex Recent Developments

10.12 Tanee Chemical Ltd.

10.12.1 Tanee Chemical Ltd. Company Information, Head Office, Market Area and Industry Position

10.12.2 Tanee Chemical Ltd. Gear Oil Compound Models, Specifications and Application

10.12.3 Tanee Chemical Ltd. Gear Oil Compound Sales Volume, Revenue, Price and Gross Margin, 2019-2024

10.12.4 Tanee Chemical Ltd. Company Profile and Main Business

10.12.5 Tanee Chemical Ltd. Recent Developments

11 Conclusion

12 Appendix

12.1 Research Methodology

12.2 Data Source

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Market Estimation Model

12.4 Disclaimer

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Gear Oil Compound Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why is the Gear Oil Compound Market trending toward high growth trajectories?
A dynamic process in the Gear Oil Compound Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like Shell, ExxonMobil, BP, Chevron, TotalEnergies, Castrol, Valvoline, Idemitsu, Petronas, Gulf Oil, Lukoil, SK Lubricants, Fuchs, Motul, Phillips 66, Royal Purple, ENEOS, Gazpromneft, Neste.
How are players chosen for the research coverage of the Gear Oil Compound Market study?
MI used a variety of industry standards such as NAICS, ICB, TRIC, and others to identify functional players in the industry, which they then shortlist and validate in an iterative process to finalize the most relevant players.
What important business segments are segregated by application types in the latest edition of the Gear Oil Compound Market?
The key business segments in the Gear Oil Compound Market are segregated by applications [Automotive, Industrial Gear Systems, Marine, Aviation] and types [Mineral-Based, Synthetic, Semi-Synthetic, Additive-Based].
What years are taken into account in the Gear Oil Compound Market study?
The Gear Oil Compound Market study evaluates the year spans as follows: Historical year: 2019 to 2024; Base year: 2024; Forecast period**: 2025 to 2030 [** unless otherwise stated]
What are the advantages of the Gear Oil Compound Market research study?
The Gear Oil Compound Market research study aids businesses in strategic planning so that they may realize and gain business value from their growth strategies.
What makes the latest Gear Oil Compound Market study unique?
The latest version of the Gear Oil Compound Market study includes a market size breakdown by relevant business segments, applications, and geography, as well as qualitative insights such as Patent Analysis*, Market Entropy, Key Development Activities, Market Dynamics, PEST and PORTER models, and more.