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The automotive lubricants market size is projected to reach US$ 122.93 billion by 2031 from US$ 86.15 billion in 2024. The market is expected to register a CAGR of 5.4% from 2025 to 2031.
Automotive Lubricants Market AnalysisThere is a rise in global vehicle ownership, industrialization, and transportation activity, especially in developing economies. The need to expand passenger and commercial vehicle fleets boosts the number of routine maintenance operations, which contributes to the demand for engine oils, transmissions, and greases. The use of high-performance synthetic lubricants is driven by technological changes in engines, which are aimed at increased efficiency, reduced emissions, and higher heat tolerance. The rapid development of logistics, e-commerce, and long-haul transportation increases the consumption of lubricants, as more fleets are used. Increased emission standards favor the need for modern, low-viscosity lubricants that improve fuel efficiency and lower carbon emissions. Also, increased consumer sensitivity to engine health and increased intervals between oil changes bolster the move toward high-quality lubricants.
Automotive Lubricants Market OverviewAutomotive lubricants are fluids that have been dedicated to reducing friction, minimizing wear, and protecting engines and other vehicle components against heat, oxidation, and corrosion. These are engine oils, transmission fluids, gear oils, greases, and coolants- all of which are designed to play a particular role toward performance. These lubricants are a mixture of base oil (mineral, synthetic, or bio-based) and well-designed additive packages that improve viscosity stability, detergency, anti-wear protection, and thermal performance. With the development of vehicle technologies, the formulations are getting more advanced, and low-viscosity and high-performance synthetics are gaining popularity due to their capability to enhance fuel efficiency and promote cleaner combustion. The increasing popularity of electric vehicles drives the need for e-transmission fluids and thermal management fluids. Stricter environmental regulations hasten the need to develop environmentally friendly and bio-based lubricants. Increased digitalization promotes the development of smart and condition-monitoring lubricants.
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Automotive Lubricants Market: Strategic Insights
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Market Drivers:
- Growing Vehicle Ownership: Growing the number of passenger and commercial vehicles increases the consumption of engine oils, gear oils, and transmission fluids to maintain proper functioning and performance.
- Advancements in Engine Technology: The contemporary engines work at increased temperatures and margins, and more high-performance synthetic lubricants are required that are of high thermal stability, oxidation resistance, and wear protection to satisfy the fuel-efficiency and emission requirements.
- Expansion in Logistics, E-Commerce, and Fleet Activities: The heavy-duty trucks, delivery fleets, and long-haul transport working long hours drive demand for long-drain lubricants that are durable and offer long-component life, especially in adverse conditions.
- Focus on Fuel Efficiency: Stringent regulations drive demand for low-viscosity, high-performance formulations that minimize friction and improve engine efficiency.
- Shift Toward Premium Maintenance Practices: The rising consumer consciousness on engine wellness, coupled with the OEM suggestions, is influencing the demand for synthetic and semi-synthetic car lubricants that have a long service life and better protection.
Market Opportunities:
- Advanced Synthetic and Semi-Synthetic Lubricants: High-performance lubricants that are engineered with better thermal stability, anti-wear ability, and oxidation stability offer opportunities in the automotive sector.
- Lubricants for Hybrid and Electric Vehicles: EV powertrains and battery system thermal management fluids, e-gear oils, and specialty greases are a developing segment with the accelerated global electrification.
- Adoption in Emerging Markets: The increase in vehicle ownership, the growth of road networks, and industrialization in Asia Pacific, Africa, and South and Central America drive market growth.
- Development of Advanced Eco-Friendly Formulations: The increasing sustainability stimulates research on the development of biodegradable, low-toxicity, and energy-efficient lubricants in accordance with the regulations of green mobility and the environment.
The automotive lubricants market is divided into different segments to give a clearer view of how they work, their growth potential, and the latest trends. Below is the standard segmentation approach used in industry reports:
By Type
- Mineral Oil: Mineral oils are used in automotive lubrication products as they are a popular base oil that provides good service in normal operating conditions and economical lubrication.
- Synthetic Oil: Synthetic oils have high thermal stability, oxidation resistance, and performance under extreme conditions and heavy loads, and hence are best suited to high-demand automotive applications.
- Bio-Based Oils: Bio-based oils are environmentally friendly and biodegradable with low toxicity. They are derived from renewable sources and contribute to sustainability in automotive lubrication.
By Product Type
- Engine Oil: The engine oils lubricate and protect the internal combustion engines installed in vehicles and improve durability and performance in extreme operating environments.
- Hydraulic Oil: They are applied to hydraulic systems in brakes and power steering, which offer smooth operation, corrosion resistance, and constant viscosity under pressure.
- Gear Oil: Special oils protect transmissions, differentials, and gearboxes by lowering friction and wear and by sustaining extremely high pressure and temperature conditions.
- Grease: Semi-solid lubricants are applied on the chassis, bearings, and joints to offer long-lasting protection against moisture, dust, and heavy loads.
- Others: This segment includes coolants, brake fluids, and others designed for specific automotive components or niche applications.
By Vehicle Type
- Passenger Cars: Lubricants that are developed to be in line with the performance and emission requirements of personal vehicles, with more emphasis on engine protection, fuel economy, and extended oil change intervals.
- Light Commercial Vehicles: These lubricants suit vans and light trucks that are engaged in urban delivery and small-scale logistics, and provide a compromise between performance and durability in moderate load environments.
- Heavy Commercial Vehicles: Super-performance lubricants formulated for truck, bus, and heavy-duty vehicles working in harsh conditions with heavy loads, with a focus on wear resistance and long drain time.
- Others: This segment includes two-wheelers, off-highway vehicles, and specialty automotive machinery.
By Geography:
- North America
- Europe
- Asia Pacific
- South and Central America
- Middle East & Africa
Market Report Scope
Automotive Lubricants Market Share Analysis by GeographyAsia Pacific dominated the market due to rising vehicle ownership across the region. Emerging markets in South and Central America, the Middle East, and Africa have untapped opportunities for automotive lubricant providers to expand.
The growth of the automotive lubricants market varies by region. The demand for high-performing lubricants in the automotive sector continues to grow, positioning automotive lubricants in an evolving consumer landscape. Below is a summary of market share and trends by region:
1. North America
- Market Share: Holds a significant market share
- Key Drivers: Strong presence of the automotive manufacturing sector.
- Trends: A Growing number of electric and hybrid vehicles.
2. Europe
- Market Share: Holds a significant market share
- Key Drivers: Stringent environmental regulations drive the demand for synthetic lubricants in the automotive industry.
- Trends: Increasing preference for bio-based lubricants contributes to the market growth.
3. Asia Pacific
- Market Share dominated the market, with a rising market share every year
- Key Drivers: Rising disposable income and vehicle ownership.
- Trends: Adoption of high-performing lubricants from the automotive sector.
4. South and Central America
- Market Share: Although small, it is growing quickly
- Key Drivers: Rapid growth in the commercial transportation sector.
- Trends: Shift in consumer preference for maintenance-optimization lubricants.
5. Middle East and Africa
- Market Share: Rapidly growing market, with a rising market share every year
- Key Drivers: Growing demand for electric vehicles.
- Trends: Rising investments in specialized high-performance lubricants.
High Market Density and Competition
Competition is intense due to the presence of established players such as China Petroleum & Chemical Corp (Sinopec), Exxon Mobil Corp, TotalEnergies SE, Gulf Oil International, Idemitsu Kosan Co Ltd, China National Petroleum Corporation (CNPC), and others.
This high level of competition urges companies to stand out by offering:
- Diverse product offering
- Sustainable and ethical sourcing
- Competitive pricing models
- Strong customer support and easy integration
Opportunities and Strategic Moves
- Focusing on research and development activities to distinguish themselves in the market
- Expanding global footprint and capabilities through acquisitions of value-added lubricant companies.
- Expanding product portfolio with the launch of sustainable products
- AMSOIL Inc
- Phillips 66
- Fuchs SE
- Repsol SA
- Savita Oil Technologies Ltd
- Perstorp
- BP Plc
- Shell plc
- Chevron Corp
- Valvoline Inc
- Shell U.K. Limited – Product Launch: In June 2025, Shell launched Shell EV-Plus Thermal Fluid, a specialized thermal management fluid designed for EV powertrains. This innovative fluid enables cooling of batteries, inverters, and electric motors using a single-circuit system, helping to simplify EV architecture and improve thermal performance, durability, and energy efficiency.
- ExxonMobil – Expansion: In March 2024, ExxonMobil announced the expansion of its lubricant blending and packaging facility in Singapore to increase capacity for synthetic automotive lubricants. This expansion aims to meet growing demand in APAC for high-performance synthetic engine oils and transmission fluids, supporting the region's shift toward more fuel-efficient and emission-compliant vehicles.
The "Automotive Lubricants Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering the following areas:
- Automotive lubricants market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive lubricants market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's five forces and SWOT analysis
- Automotive lubricants market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive lubricants market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Adoption of electric and hybrid vehicles is a key future trend influencing the market.
China Petroleum & Chemical Corp (Sinopec), Exxon Mobil Corp, BP Plc, Chevron Corp, TotalEnergies SE, Valvoline Inc, Gulf Oil International, Idemitsu Kosan Co Ltd, China National Petroleum Corporation (CNPC), and others are among the key players operating in the market.
Asia Pacific dominated the market with the largest share in 2024.
The market size is projected to reach US$ 122.93 billion by 2031.
Growing vehicle ownership and increased demand for high-performance lubricants drive the growth of the market.
The List of Companies - Automotive Lubricants Market
- China Petroleum & Chemical Corp (Sinopec)
- Exxon Mobil Corp
- BP Plc
- Shell plc
- Chevron Corp
- TotalEnergies SE
- Valvoline Inc
- Gulf Oil International
- Idemitsu Kosan Co Ltd
- China National Petroleum Corporation (CNPC)
- Nye Lubricants, Inc
- Condat Group
- Motul
- Vizag Chemicals
- Atlantic Lubes
- Beijing Haohui Weiye Petrochemical Co,Ltd
- Luzibrol
- Kuwait Petroleum Copyright
- GROWMARK, Inc
- Savsol Lubricants
- MPM International Oil Company BV
- Aceites Lubricantes Sash
- Anglo Australia Pty Ltd
- CASTROL LIMITED
- NEO Synthetic Oil
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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