Automotive Lubricants Market Size, Share, Trends, Industry Analysis Report: By Product, Vehicle Type (Internal Combustion Engine and Electric Vehicles), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market For

The global automotive lubricants market size is expected treach USD 106.87 billion by 2034, according ta new study by Polaris Market Research. The report “Automotive Lubricants Market Size, Share, Trends, Industry Analysis Report: By Product, Vehicle Type (Internal Combustion Engine and Electric Vehicles), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025– 2034” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Automotive lubricants play a crucial role in ensuring the longevity and efficiency of vehicle components. Lubricants, primarily oils and greases, are designed treduce friction, wear, and heat generation in engines and other mechanical parts.

The growing number of vehicles on the road, advancements in engine technology, stringent environmental regulations, and evolving consumer preferences are a few of the key factors driving the automotive lubricants market expansion. Technological advancements in automotive engines and the increasing complexity of vehicle systems are further driving the need for specialized lubricants. Modern engines require lubricants with specific formulations tmeet high-performance standards, reduce emissions, and ensure fuel efficiency.

The global automotive lubricants market growth is attributed tincreasing vehicle production, particularly in emerging economies, as well as the rising awareness of the benefits of regular maintenance and high-quality lubricants among consumers. Additionally, the shift towards synthetic and semi-synthetic lubricants, which offer superior performance and environmental benefits compared tconventional mineral oils, has significantly contributed tthe market evolution.

Environmental concerns and regulatory pressures have significantly influenced the automotive lubricants market. Governments and regulatory bodies across the globe are implementing stringent standards treduce carbon emissions and improve fuel efficiency. This has led tthe adoption of low-viscosity synthetic lubricants, which contribute treduced engine friction and enhanced fuel economy.

Key Highlights of Automotive Lubricants Market Report

Based on product, the brake fluid segment is expected tgrow at a robust pace in the coming years, owing tthe increasing focus on safety and the rise in advanced braking systems such as ABS and EBD in vehicles.

Based on vehicle type, the internal combustion engine segment dominated the automotive lubricants market share in 2024, owing tthe rising adoption of ICE vehicles in global transportation.

Asia Pacific accounted for the largest market share in 2024 due tthe rapid expansion of the automotive sector in countries such as China, India, and Japan.

The North America automotive lubricants market is expected twitness a significant CAGR during the forecast period due ttechnological advancements and the rising adoption of hybrid and electric vehicles.

A few of the key market players are Sasol; Indian Oil Corporation Ltd; HP Lubricants; Philipps 66; Fuchs; Cepsa; BP p.l.c.; Exxon Mobil; CASTROL LIMITED; Shell; Repsol; TotalEnergies; and LUKOIL.

Polaris Market Research has segmented the automotive lubricants market report on the basis of product, vehicle type, and region:

By Product Outlook (Revenue – USD Billion, 2020–2034)

Engine Oil

Gear Oil

Transmission Fluids

Brake Fluids

Coolants

Greases

By Vehicle Type Outlook (Revenue – USD Billion, 2020–2034)

Internal Combustion Engine

Electric Vehicles

By Regional Outlook (Revenue – USD Billion, 2020–2034)

North America

US

Canada

Europe

Germany

France

UK

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America Show more