The Global Automotive Lubricants Market size was valued at around USD 81.06 billion in 2024 and is projected to reach USD 101.39 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.80% during the forecast period, i.e., 2025-30. according to MarkNtel Advisors Study.
Global Automotive Lubricants Market Driver:
Expansion of the Automotive Industry Presenting the Demand for Frequent Lubrication – The automotive industry is expanding with the rise in disposable income, the addition of advanced features, and consumer desire to own a passenger or another vehicle. This industrial growth has driven the industry, as lubricants play a vital role in the smooth working of engines and vehicles. Their characteristics of durability, vehicle protection, reduction of friction between the engine parts, and more are essential to extend vehicle life, especially regularly. Thus the industry has been driven by the conventional desire to maintain the quality and smoothness of engines and vehicles.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Automotive Lubricants Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Product Type
- Engine Oil– Market Size & Forecast 2020-2030, USD Million & Million Units
- Transmission Fluid– Market Size & Forecast 2020-2030, USD Million & Million Units
- Gear Oil– Market Size & Forecast 2020-2030, USD Million & Million Units
- Hydraulic Fluid– Market Size & Forecast 2020-2030, USD Million & Million Units
- Grease– Market Size & Forecast 2020-2030, USD Million & Million Units
- Others (Coolants, Brake Fluids, etc.) – Market Size & Forecast 2020-2030, USD Million & Million Units
- By Vehicle Type
- Passenger Vehicles– Market Size & Forecast 2020-2030, USD Million & Million Units
- Commercial Vehicles
- Light Commercial Vehicles (LCVs)– Market Size & Forecast 2020-2030, USD Million & Million Units
- Heavy Commercial Vehicles (HCVs)– Market Size & Forecast 2020-2030, USD Million & Million Units
- Electric Vehicles (EVs)– Market Size & Forecast 2020-2030, USD Million & Million Units
- Two-Wheelers
- By Base Oil
- Mineral Oil– Market Size & Forecast 2020-2030, USD Million & Million Units
- Synthetic Oil – Market Size & Forecast 2020-2030, USD Million & Million Units
- Semi-Synthetic Oil– Market Size & Forecast 2020-2030, USD Million & Million Units
- Bio-based Oil– Market Size & Forecast 2020-2030, USD Million & Million Units
- By Distribution Channel
- OEM- Market Size & Forecast 2020-2030, USD Million & Million Units
- Aftermarket – Market Size & Forecast 2020-2030, USD Million & Million Units
- Online Retail – Market Size & Forecast 2020-2030, USD Million & Million Units
- Specialty Stores – Market Size & Forecast 2020-2030, USD Million & Million Units
- Independent Workshops- Market Size & Forecast 2020-2030, USD Million & Million Units
- By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Exxon Mobil, Royal Dutch Shell, BP Plc., Total Energies SE, Chevron Corporation, Fuchs Petrolub SE, Valvoline Inc., Petronas Lubricants International, Idemitsu Kosan Co., Ltd, Sinopec Lubricant Company, and Other are looking forward to strengthening their market positions.
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Global Automotive Lubricants Industry Recent Development:
2024: TotalEnergies acquired Tecoil a Finnish company specializing in Re-Refined Base Oils (RRBOs). Tecoil’s 50,000-tonne-per-year RRBO production facility in Haminia, Finland, will accelerate the use of RRBOs in TotalEnergies’ high-end lubricant production, meeting customer demand for high-performance and environmentally friendly products. Tecoil’s acquisition is part of TotalEnergies’ strategy to develop a circular economy for lubricants in Europe
In 2024: Valvoline forms a strategic alliance with Al-Nasser Industrial Enterprises for the supply of its specialty lubricants and automotive solutions in the GCC area.
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