Automotive Lubricants

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Global Automotive Lubricants Market Size, Share, Growth, Industry Trends and Forecast 2020-2030


Lubricant is a substance used to reduce the friction between the two surfaces in mutual contact. In addition to this, it also reduces the heat generated between the contacting surfaces. Automotive lubricants reduce the friction between two machine parts such as piston rings and cylinder walls. Lubricants with different types of oil bases are used in automotive applications which include mineral oil, synthetic oil, semisynthetic oil, and bio-based lubricants. Additives are added in these base oils in order to improve the properties of the blended lubricant mixture. Use of the lubricating oil in the automotive provides reduction of friction, provides protection against corrosion and oxidation, prevent the sludge build-up in the internal surfaces, and increases the performance and life of the engine. These lubricants are used in all types of vehicles including passenger cars, light commercial vehicles, and heavy commercial vehicles. With the growing automotive sector demand of the automotive lubricant is also expected to grow rapidly. The market accounted 81454.39 USD million in 2020, and is expected to reach 126496.176 USD million by 2030, with a CAGR 4.5% during the forecast period.

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Market Dynamics and Factors:

The necessity of lubricating oil in the automotive system to prevent overheating and friction between various parts is one of the major driving factors of the market. In addition to this, it also improves the life of the moving parts of the engine which are very expensive. Hence further increases the use of the lubricant. Growing automotive sector across the world.   Combined with the increasing disposable income among the populace are the factors which further boosts the market within the upcoming years. However, Growing demand for electric vehicles could hinder the growth of the market. Advancement in lubricants will create new opportunities in the future.

Market Segmentation:

  • Global Automotive Lubricants Market – By Vehicle Type

    • Passenger Cars

    • Light Commercial Vehicles

    • Heavy Commercial Vehicles

    • Others

  • Global Automotive Lubricants Market – By Base Oil

    • Mineral Oil

    • Synthetic

    • Semisynthetic

    • Bio-Based Lubricants

  • Global Automotive Lubricants Market – By Application

    • Engine Oil

    • Gear & Brake Oil

    • Transmission Fluids

  • Global Automotive Lubricants Market – By Geography

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • France

      • Germany

      • Italy

      • Rest of Europe

    • Asia-Pacific

      • Japan

      • China

      • India

      • Australia

      • Rest of Asia Pacific

    • ROW

      • Latin America

      • Middle East

      • Africa

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Geographic Analysis:

Asia Pacific has dominated the market and expected to continue its supremacy during the upcoming years. Asian automotive market is growing rapidly and developed lifestyle which leads to increased disposable income all these factors support the growth of the market. Europe and North America are also expected to grow with significant growth with the advancement in automotive technology. An increase in disposable income and a growing demand for the luxurious and premium vehicles during the years to come the Middle East and Africa will also grow with the growing popularity of the popularity of high-end premium vehicles within the populace.

Competitive Scenario:

Key players in the automotive lubricant market include Chevron Corporation, Oryx Energies, KMG Chemicals, KenolKobil, Pennzoil-Quaker State, Equilon, Oil Libya, Sinopec, Burmah Castrol, Lukoil, and Idemitsu.

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How will this Market Intelligence Report Benefit You?

  1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

  2. Exclusive insight into the key trends affecting the Global Automotive Lubricants industry, although key threats, opportunities and disruptive technologies that could shape the Global Automotive Lubricants Market supply and demand.

  3. The report tracks the leading market players that will shape and impact the Global Automotive Lubricants Market most.

  4. The data analysis present in the Global Automotive Lubricants Market report is based on the combination of both primary and secondary resources.

  5. The report helps you to understand the real effects of key market drivers or retainers on Global Automotive Lubricants Market business.

The 2021 Annual Global Automotive Lubricants Market offers:

  • 100+ charts exploring and analysing the Global Automotive Lubricants Market from critical angles including retail forecasts, consumer demand, production and more

  • 15+ profiles of top producing states, with highlights of market conditions and retail trends

  • Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

  • Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Automotive Lubricants Market type

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Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.

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