Report cover image

Automotive Lubricants Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 150 Pages
SKU # FOB19260666

Description

Automotive Lubricants Market



Growth Factors of Automotive Lubricants Market

The automotive lubricants market size was valued at USD 70.44 billion in 2023, and the market is now projected to grow from USD 71.42 billion in 2024 to USD 80.35 billion by 2032, exhibiting a CAGR of 1.6% during the forecast period of 2023-2030.

The imposed restrictions on material distribution and transportation have affected the value chain of manufacturers. These producers faced a supply shortage caused by trade constraints. The lockdown measure and traveling limitation hampered the demand for the product. As a result, manufacturing operations were halted due to lack of workers and staff and order for products decreased. Hence, the COVID-19 pandemic has obstructed the automotive lubricants market growth.

The automotive lubricants market share globally has prompted due to the rising necessity for safeguard vehicle components and systems. The characteristics of such lubricant are durability and vehicle protection and are reducing friction between the parts. The use of smaller and more complex automotive systems in the industry is constantly escalating the necessity for low viscosity and better-performing lubricating oils. The growing high-performance demands in vehicles are fueling product generation.

The trend is implementation of synthetic lubricants propelling the market expansion. These emollients are mineral oils which have undertaken extensive treatments. It is used to improve their performance characteristics and meet up the demand for contemporary automobile technologies. It also includes bio-lubricants that are degradable and environment-friendly. These products offer longer oil drain intervals than their counterpart mineral lubricants to serve the consumer demand. They can improve fuel efficacy, and it can enhance hardware compatibility and lessen vehicle emissions.

Comprehensive Analysis of Automotive Lubricants Market

The automotive lubricants market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides an in depth regional assessment considering the dominant supply and demand forces that impact the bulk chemicals industry. These segmentations are methodically segregated by oil type and product type. The oil types are conventional, semi-synthetic, and synthetic. However, the product types are such as engine oil, gear oil, transmission fluids, coolant, and brake fluid & greases.

The Asia Pacific region is conducive to the global automotive lubricants market, leading to a recall of USD 29.13 billion because of the high fleet of on-road vehicles and the changing consumption pattern of the product by different regions.

The top players in the market play a vital role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include, Shell plc (U.K.), Exxon Mobil Corporation (U.S.), Chevron Corporation (U.S.), TotalEnergies SE (France), BP plc (U.K.), China National Petroleum Corporation (China), Sinopec Group (China), Fuchs Petrolub SE (Germany), Idemitsu Kosan (Japan), Valvoline Inc. (U.S.), and ENEOS Corporation (Japan), these market players provide a level-playing competitive landscape.

In March 2023, ExxonMobil made an announcement of their plans for establishing a lubricant production unit. This unit will be located at Raigad, India with an investment of USD 110 million and is probable to be ready by 2025. The new plant is anticipated with a production capacity of 159,000 kiloliters per year to serve up both domestic and export markets.

Segmentation Table

Global Automotive Lubricants Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 1.6% from 2024 to 2032

Unit Value (USD Billion), Volume (Million Tons)

Segmentation By Oil Type

Synthetic

Semi-synthetic

Conventional

By Product Type

Engine Oil

Gear Oil

Transmission Fluids

Coolant

Brake Fluid & Greases

By Geography

North America (By Oil Type, By Product Type)
  • U.S.
  • Canada
Europe (By Oil Type, By Product Type)
  • Germany
  • U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Rest of Europe
Asia Pacific (By Oil Type, By Product Type)
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
Latin America (By Oil Type, By Product Type)
  • Mexico
  • Brazil
  • Rest of Latin America
Middle East & Africa (By Oil Type, By Product Type)
  • GCC
  • Turkey
  • South Africa
  • Iran
Rest of Middle East & Africa

Table of Contents

150 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Trends in the Global Market
4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
4.3. Latest Technological Advancement
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
4.6. Impact of COVID-19 on the Market
5. Global Automotive Lubricants Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. By Oil Type (Value and Volume)
5.2.1. Synthetic
5.2.2. Semi-Synthetic
5.2.3. Conventional
5.3. By Product Type (Value and Volume)
5.3.1. Engine Oil
5.3.2. Gear Oil
5.3.3. Transmission Fluids
5.3.4. Coolant
5.3.5. Brake Fluid & Greases
5.4. By Region (Value and Volume)
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East & Africa
6. North America Automotive Lubricants Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. By Oil Type (Value and Volume)
6.2.1. Synthetic
6.2.2. Semi-Synthetic
6.2.3. Conventional
6.3. By Product Type (Value and Volume)
6.3.1. Engine Oil
6.3.2. Gear Oil
6.3.3. Transmission Fluids
6.3.4. Coolant
6.3.5. Brake Fluid & Greases
6.4. By Country (Value and Volume)
6.4.1. U.S
6.4.2. Canada
7. Europe Automotive Lubricants Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. By Oil Type (Value and Volume)
7.2.1. Synthetic
7.2.2. Semi-Synthetic
7.2.3. Conventional
7.3. By Product Type (Value and Volume)
7.3.1. Engine Oil
7.3.2. Gear Oil
7.3.3. Transmission Fluids
7.3.4. Coolant
7.3.5. Brake Fluid & Greases
7.4. By Country (Value and Volume)
7.4.1. Germany
7.4.2. U.K.
7.4.3. France
7.4.4. Italy
7.4.5. Russia
7.4.6. Spain
7.4.7. BENELUX
7.4.8. Rest of Europe
8. Asia-Pacific Automotive Lubricants Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. By Oil Type (Value and Volume)
8.2.1. Synthetic
8.2.2. Semi-Synthetic
8.2.3. Conventional
8.3. By Product Type (Value and Volume)
8.3.1. Engine Oil
8.3.2. Gear Oil
8.3.3. Transmission Fluids
8.3.4. Coolant
8.3.5. Brake Fluid & Greases
8.4. By Country (Value and Volume)
8.4.1. China
8.4.2. Japan
8.4.3. South Korea
8.4.4. India
8.4.5. Rest of Asia Pacific
9. Latin America Automotive Lubricants Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. By Oil Type (Value and Volume)
9.2.1. Synthetic
9.2.2. Semi-Synthetic
9.2.3. Conventional
9.3. By Product Type (Value and Volume)
9.3.1. Engine Oil
9.3.2. Gear Oil
9.3.3. Transmission Fluids
9.3.4. Coolant
9.3.5. Brake Fluid & Greases
9.4. By Country (Value and Volume)
9.4.1. Mexico
9.4.2. Brazil
9.4.3. Rest of Latin America
10. Middle East & Africa Automotive Lubricants Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. By Oil Type (Value and Volume)
10.2.1. Synthetic
10.2.2. Semi-Synthetic
10.2.3. Conventional
10.3. By Product Type (Value and Volume)
10.3.1. Engine Oil
10.3.2. Gear Oil
10.3.3. Transmission Fluids
10.3.4. Coolant
10.3.5. Brake Fluid & Greases
10.4. By Country (Value and Volume)
10.4.1. GCC
10.4.2. Turkey
10.4.3. South Africa
10.4.4. Iran
10.4.5. Rest of Middle East & Africa
11. Company Profiles
11.1. Shell plc
11.1.1. Overview
11.1.2. Description
11.1.3. Product Portfolio
11.1.4. Financials (Data as available in public domain and/or on paid databases)
11.1.5. Recent Developments
11.2. Exxon Mobil Corporation
11.2.1. Overview
11.2.2. Description
11.2.3. Product Portfolio
11.2.4. Financials (Data as available in public domain and/or on paid databases)
11.2.5. Recent Developments
11.3. BP plc
11.3.1. Overview
11.3.2. Description
11.3.3. Product Portfolio
11.3.4. Financials (Data as available in public domain and/or on paid databases)
11.3.5. Recent Developments
11.4. Chevron Corporation
11.4.1. Overview
11.4.2. Description
11.4.3. Product Portfolio
11.4.4. Financials (Data as available in public domain and/or on paid databases)
11.4.5. Recent Developments
11.5. TotalEnergies SE
11.5.1. Overview
11.5.2. Description
11.5.3. Product Portfolio
11.5.4. Financials (Data as available in public domain and/or on paid databases)
11.5.5. Recent Developments
11.6. China National Petroleum Corporation
11.6.1. Overview
11.6.2. Description
11.6.3. Product Portfolio
11.6.4. Financials (Data as available in public domain and/or on paid databases)
11.6.5. Recent Developments
11.7. Idemitsu Kosan
11.7.1. Overview
11.7.2. Description
11.7.3. Product Portfolio
11.7.4. Financials (Data as available in public domain and/or on paid databases)
11.7.5. Recent Developments
11.8. Sinopec Group
11.8.1. Overview
11.8.2. Description
11.8.3. Product Portfolio
11.8.4. Financials (Data as available in public domain and/or on paid databases)
11.8.5. Recent Developments
11.9. Fuchs Petrolub SE
11.9.1. Overview
11.9.2. Description
11.9.3. Product Portfolio
11.9.4. Financials (Data as available in public domain and/or on paid databases)
11.9.5. Recent Developments
11.10. Valvoline Inc.
11.10.1. Overview
11.10.2. Description
11.10.3. Product Portfolio
11.10.4. Financials (Data as available in public domain and/or on paid databases)
11.10.5. Recent Developments
11.11. ENEOS Corporation
11.11.1. Overview
11.11.2. Description
11.11.3. Product Portfolio
11.11.4. Financials (Data as available in public domain and/or on paid databases)
11.11.5. Recent Developments
12. Strategic Recommendations

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us