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Automotive Lubricants Market

Global Automotive Lubricants Market Size, Share, Report: By Product Type: Engine Oils, Transmission Oils, Hydraulic Fluids, Grease, Others; By Material: Mineral Oils, Synthetic Oils, Others; By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Motorcycles; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Automotive Lubricants Market Outlook

The global automotive lubricants market reached a value of about USD 73.41 billion in 2023. The industry is further expected to grow at a CAGR of about 2.0% in the forecast period of 2024-2032 to reach a value of around USD 88.06 billion by 2032.

 

Global Automotive Lubricants Market

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Asia Pacific to be a Significant Regional Market for Automotive Lubricants

With a large number of on-road vehicles in nations like India, China, Japan, and South Korea, the Asia Pacific region is a significant market for automotive lubricants. Growth in the Asia Pacific region is expected to be driven by the rising economy, mega construction projects, introduction of various favourable policies by the government, such as 100% FDI and "Smart Cities", increasing urbanisation and disposable income, rapid growth in the automotive industry; growing transportation industry; and stringent regulations on CO2 emissions. Another important factor driving the market expansion is an increase in investments by the leading manufacturers in the region. The growing presence of significant lubricants and vehicle manufacturers in the region contributes to the region's automotive lubricants industry's growth. As the government focuses on replacing old vehicles, the demand for upgraded and high-performance lubricants is expected to rise. At the same time, India is the region's second-largest lubricant market and the world's third largest. China is the world's largest vehicle manufacturer. Also, major industry players are also shifting their production facilities to the highly lucrative Asia Pacific market owing to the presence of low-cost labour, ever-increasing demand, and favourable government policies.

 

Automotive Lubricants: Market Segmentation

Automotive lubricants are fluidic compounds that reduce friction between surfaces and protect automotive components from wear and tear. Engine oils, transmission fluids, grease oils, process oils, and general industrial oils are some of the most often used automobile lubricants. Engines, hinges, bearings, and hydraulic gears, all benefit from these lubricants because they reduce heat created between parts and improve the efficiency and performance of crucial components.

 

Global Automotive Lubricants Market by Segments

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By product type, the market includes:

  • Engine Oils
  • Transmission Oils
  • Hydraulic Fluids
  • Grease
  • Others

The various materials in the market are:

  • Mineral Oils
  • Synthetic Oils
  • Semi-Synthetic Oils
  • Bio-Based Oils

Based on the vehicle type, the market is divided into:

  • Passenger Vehicles
  • Commercial Vehicles
  • Motorcycles

The regional markets for the automotive lubricants industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Global Automotive Lubricants Market by Region

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Growing Automotive Industry Augmenting the Market Growth

The significant growth of the automobile sector around the world is one of the key factors contributing to the market's positive outlook. The increasing use of high-performance lubricants is propelling the market forward. Premium high-viscosity engine oils are used to lubricate internal combustion engines, forming a thin coating between moving components, and allowing smooth operation. Increased demand for heavy-duty motor vehicle engine oils to withstand extreme geographic conditions and meet emission criteria in on- and off-highway heavy vehicles is also contributing to market expansion. Other growth-inducing factors include product developments such as the introduction of chemical-free bio-based automobile lubricants. These lubricants provide superior lubricity and aid in minimising the adverse effects on the environment caused by synthetic lubricants. Other factors, including rising expenditure capacities of the consumers and extensive research and development activities for improvements in oil quality, are anticipated to drive the market growth. Over the forecast period, rising motorcycle sales are expected to bolster this growth even further. Rising per capita income and increasing need for individualised transportation options have driven the sale of cars in several countries.

 

Key Industry Players in the Global Automotive Lubricants Market

The report gives a detailed analysis of the following key players in the global automotive lubricants industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • AMSOIL Inc.
  • Bharat Petroleum Corporation Limited
  • BP International Limited
  • Chevron Corporation
  • China National Petroleum Corporation
  • ENEOS Corporation
  • Indian Oil Corporation Limited
  • Exxon Mobil Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment

  • Product Type
  • Material
  • Vehicle Type
  • Region
Breakup by Product Type
  • Engine Oils
  • Transmission Oils
  • Hydraulic Fluids
  • Grease
  • Others
Breakup by Material
  • Mineral Oils
  • Synthetic Oils
  • Semi-Synthetic Oils
  • Bio-Based Oils
Breakup by Vehicle Type
  • Passenger Vehicles
  • Commercial Vehicles
  • Motorcycles
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Price and Demand
Price Analysis
  • Historical Price Trends
  • Forecast Price Trends
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • AMSOIL Inc.
  • Bharat Petroleum Corporation Limited
  • BP International Limited
  • Chevron Corporation
  • China National Petroleum Corporation
  • ENEOS Corporation
  • Indian Oil Corporation Limited
  • Exxon Mobil Corporation
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Automotive Lubricants Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Automotive Lubricants Historical Market (2018-2023) 
    8.3    Global Automotive Lubricants Market Forecast (2024-2032)
    8.4    Global Automotive Lubricants Market by Product Type
        8.4.1    Engine Oils
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Transmission Oils
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Hydraulic Fluids
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Grease
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Automotive Lubricants Market by Material
        8.5.1    Mineral Oils
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Synthetic Oils
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Semi-Synthetic Oils
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Bio-Based Oils
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
    8.6    Global Automotive Lubricants Market by Vehicle Type
        8.6.1    Passenger Vehicles
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Commercial Vehicles
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Motorcycles
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Automotive Lubricants Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Automotive Lubricants Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Automotive Lubricants Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Automotive Lubricants Market  Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Automotive Lubricants Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Automotive Lubricants Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
17    Competitive Landscape

    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    AMSOIL Inc.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Bharat Petroleum Corporation Limited
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    BP International Limited
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Chevron Corporation
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    China National Petroleum Corporation
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    ENEOS Corporation
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Indian Oil Corporation Limited
            17.2.7.1    Company Overview
            17.2.7.2    Product Portfolio
            17.2.7.3    Demographic Reach and Achievements
            17.2.7.4    Certifications
        17.2.8    Exxon Mobil Corporation
            17.2.8.1    Company Overview
            17.2.8.2    Product Portfolio
            17.2.8.3    Demographic Reach and Achievements
            17.2.8.4    Certifications
        17.2.9    Others
18    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Automotive Lubricants Market: Key Industry Highlights, 2018 and 2032
2.    Global Automotive Lubricants Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Global Automotive Lubricants Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Global Automotive Lubricants Historical Market: Breakup by Material (USD Billion), 2018-2023
5.    Global Automotive Lubricants Market Forecast: Breakup by Material (USD Billion), 2024-2032
6.    Global Automotive Lubricants Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7.    Global Automotive Lubricants Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8.    Global Automotive Lubricants Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Automotive Lubricants Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Automotive Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Automotive Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Automotive Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Automotive Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Automotive Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Automotive Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Automotive Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Automotive Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Automotive Lubricants Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Automotive Lubricants Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Historical Price Trends and Forecast 2018-2028
21.    Global Automotive Lubricants Market Structure

Key Questions Answered in the Report

In 2023, the global automotive lubricants market attained a value of nearly USD 73.41 billion.

The market is projected to grow at a CAGR of 2.00% between 2024 and 2032.

The global automotive lubricants market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 88.06 billion by 2032.

The major drivers of the market include the growing economy, mega construction projects, introduction of various favourable policies by the government, increasing urbanisation and disposable income, growing transportation industry, and increasing need for individualised transportation options.

A significant growth in the automobile sector and increased use of high-performance lubricants are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different product types are engine oils, transmission oils, hydraulic fluids, and grease, among others.

The various materials in the market are mineral oils, synthetic oils, semi-synthetic oils, and bio-based oils.

Based on the vehicle type, the market is divided into passenger vehicles, commercial vehicles, and motorcycles.

The major players in the industry are AMSOIL Inc., Bharat Petroleum Corporation Limited, BP International Limited, Chevron Corporation, China National Petroleum Corporation, ENEOS Corporation, Indian Oil Corporation Limited, and Exxon Mobil Corporation, among others.

Analyst Review

The global automotive lubricants market attained a value of USD 73.41 billion in 2023, driven by significant growth in the automobile sector. Aided by the introduction of various favourable policies by the government and increased use of high-performance lubricants, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 2.00%. The market is projected to reach USD 88.06 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different product types are engine oils, transmission oils, hydraulic fluids, and grease, among others. The various materials in the market are mineral oils, synthetic oils, semi-synthetic oils, and bio-based oils. Based on the vehicle type, the market is divided into passenger vehicles, commercial vehicles, and motorcycles. The major regional markets for the automotive lubricants are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the global automotive lubricants market are AMSOIL Inc., Bharat Petroleum Corporation Limited, BP International Limited, Chevron Corporation, China National Petroleum Corporation, ENEOS Corporation, Indian Oil Corporation Limited, and Exxon Mobil Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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