Lubricants Oil Drum Market Size, Key Players & Outlook to 2032
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According to Fortune Business Insights the global lubricants oil drum market was valued at USD 2.82 billion in 2024 and is expected to reach USD 5.61 billion by 2032, growing from USD 3.05 billion in 2025 at a compound annual growth rate (CAGR) of 9.06% during the forecast period. Lubricant oil drums are cylindrical containers used for storing and transporting lubricants across various sectors such as automotive, marine, and industrial machinery.
A lubricant oil drum is a cylindrical container used to store and transport lubricating oils that reduce friction in machinery. These drums, made from steel, plastic, or fiber, are essential across industries like automotive, manufacturing, marine, and aviation. The market includes the production and distribution of drums designed to meet strict safety and quality standards.
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Segmentation Analysis:
By Product Type:
- Steel drums dominated the market in 2024 due to their durability, reusability, and suitability for storing both hazardous and non-hazardous materials in industries like petroleum and lubricants.
- Plastic and fiber drums also serve niche storage and transport needs but held a smaller share.
By Capacity:
- 100 to 250 liters segment led the market in 2024, favored for its durability and compatibility with a wide range of industrial liquids, including solvents and lab chemicals.
- Other segments include less than 100L, 251–500L, and above 500L, with varying uses across industries.
By End-use Industry:
- Automotive industry was the largest end-user in 2024, using lubricant drums to ensure vehicle performance, reduce friction, and extend engine life.
- Other key sectors include aerospace, marine, and others (e.g., industrial machinery).
Market Drivers:
- Growing Automotive Sector: Rising vehicle production and maintenance demand are driving lubricant consumption, boosting demand for storage and transport solutions like drums.
- Industrial Expansion: Increasing use of lubricants in machinery, manufacturing, and energy sectors is accelerating demand for durable and safe storage drums.
- Durability & Reusability: Steel drums are preferred due to their robustness, recyclability, and compliance with safety regulations.
- Environmental Standards: Growing emphasis on sustainable packaging is pushing manufacturers to offer eco-friendly and reusable drum solutions.
Industry Development:
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March 2023: Mauser Packaging Solutions expanded its operations in China by opening a new advanced manufacturing facility near Shanghai to meet the rising demand for industrial packaging.
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May 2022: Carré Karton introduced all-fiber drums designed to lower costs and reduce environmental impact, offering a sustainable alternative to traditional multi-material drum models.
List of the Companies Profiled in the Market:
- Greif, Inc. (U.S.)
- Mauser Packaging Solutions (U.S.)
- Sicagen (India)
- CL Smith (U.S.)
- Balmer Lawrie & Co. Ltd. (India)
- North Coast Container LLC (U.S.)
- TPL Plastech Limited (India)
- CDF Corporation (U.S.)
- Schütz GmbH & Co. KgaA (Germany)
- Emirates Plastic Industry Factory LLC (UAE)
- Shanghai Metal Corporation (China)
- Wuxi Bright Packing Co., Ltd. (China)
- Pyramid Technoplast Ltd. (India)
- Yamamoto Industries, Ltd. (Japan)
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