In 2016, the global automotive lubricants market was valued at 22,858.5 Kilo Tons. The market is expected to grow due to rising demand for light and high-performance cars in emerging countries like China and India, as well as increasing disposable income around the world.
Volume of U.S. automotive oil lubricants by product, 2014-2025 (Kilo Tons).
The rapid growth of engine oil is expected to be due to increased passenger car numbers per 1,000 people, rising per capita income, aspirations to own a vehicle and increasing demand for goods carriers from small- and medium-sized businesses.
Oils are used in engine oils to reduce friction, corrosion and wear. Motor oils that are resistant to shear and have a specified viscosity index are in high demand as a result of diesel engines. This trend will be supportive of industry growth during the forecast period.
Base oil and additives are used to make lubricants. These are petroleum products such as crude oil, shale oils, and CBM. These oils are then refined to make mineral oils like paraffinic oils and naphthenic oils. Combining these oils with additives create lubricants that can be used in automobile.
The market has seen a decrease in crude oil reserves. Major oil companies are now focusing on the development of new refining methods and resources to overcome this problem. This has resulted in the establishment of patented refining technology that is only available to established companies and their allies. Shell, ExxonMobil and Kendall developed PurePlus, Mobil 1 and Liquid Titanium technologies to produce lubricating oils.
Due to increasing demand for engine oils and brake fluids transmission fluids, the automotive lubricants market continues to grow. This growth is expected to be further boosted by the increasing sales of motorcycles over the forecast period. Over the forecast period, the market will be driven by the shift towards green derivatives. The market for bio-based lubricants will also benefit from the strong presence of regulatory organizations such as REACH and EPA.
The sale of cars has increased in many countries due to rising per capita incomes and the increasing demand for customized transportation options. To meet increasing regional and export demand, OEMs are expanding their production capacities. This has driven demand at the OEM level.
The industry can be divided into engine oil, gear oil and transmission fluids. Brake fluids, transmission fluids and coolants are also included. The largest segment was engine oil, accounting for 54.5% of total revenue in 2016. It is used extensively in passenger cars, light-duty trucks, and diesel trucks. It is essential to maintain engine viscosity, reduce engine wear, improve reliability, and ensure that the oil does not deteriorate. It helps keep the engine clean, cool, and free from corrosion.
Volume of automotive lubricants by product in 2016, (%)
The correct oil for your vehicle is essential. Using the wrong oil could cause engine damage, increase fuel consumption and raise carbon emissions. The major industry players have been involved in extensive R&D to create engine oils that are more efficient.
China's automotive industry saw a rapid growth rate in 2016. Total vehicle sales increased by more than 13% compared to 2015. The industry's growth was aided by tax incentives for small-engine vehicles, which were reduced from 10% to 5%. Another factor that has contributed significantly to the automobile industry's growth is the rapid expansion of sales of plug-in and electric vehicles in the region. These trends will continue to drive engine oil demand over the next few years.
Gear oil is a high-viscosity lubricant that is widely used to protect and transfer lubrication through the transmission. Major players like ABRO Industries, Inc. developed high-quality base stocks for gear oils to improve oxidation stability, and extend their service life. This oil has exceptional properties, including anti-foaming and corrosion resistance as well as wear resistance to metals in vehicles. Gear oils can also be used to improve performance, increase oxidation resistance, provide extended drain intervals and prevent gear scoring. They also ease the start-up in cold conditions.
Brake fluids were the fastest-growing product in the forecast period. It is a hydraulic fluid that is widely used in automotive hydraulic brake and clutch applications. A brake fluid's primary function is to transmit the driver's foot pressure onto the brake pedal in order to lock the friction material against the discs.
The main types of brake fluids on the U.S. markets are DOT3,DOT4,and DOT5. Brake fluids must also meet certain requirements to ensure that the brake system works properly. These include a high boiling point, constant viscosity and corrosion resistance, as well as low levels of compressibility.
Asia Pacific accounted for more than 43.9% of total market revenue in 2016, making it the region leading. The Asia Pacific automotive industry will experience a rapid growth rate in the future due to mega construction projects and favorable government policies such as 100% FDI (Smart Cities) and 100% FDI.
International auto companies have made huge investments in high-performance luxury passenger cars due to growing demand. Major industry players are also moving production to the highly lucrative Asia Pacific market due to low-cost labor, increasing demand and favorable government policies.
In 2016, North America represented more than 19% of total market volume. North America's market is driven mainly by the rapid industrialization occurring in Mexico. Since the last decade, Mexico has been a major automotive manufacturing center. Due to Mexico's low manufacturing costs, major U.S. automakers have moved their production base to Mexico. The growing demand for biolubricants is also evident in developed markets like North America and Europe.
The automotive lubricants market is competitive and highly concentrated. In 2015, the four largest companies accounted for the highest share of production. ExxonMobil and Royal Dutch Shell are some of the major market players. Total SA and British Petroleum are also key participants.
This report predicts global revenue growth in automotive lubricants, and analyzes the industry trends for each segment from 2014-2025. Grand View Research has divided the global automotive lubricants industry by product and region.
Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
Regional Outlook (Volume of Kilo Tons; Revenue USD Million; 2014-2025)
Middle East & Africa
b. Global automotive lubricant markets were valued at USD 70.80 Billion in 2019, and are expected to grow to USD 73.52 Billion by 2020.What is the growth rate of the automotive lubricants industry?
b. Global automotive lubricants market will grow at 3.7% compound annual growth rate from 2019 to 2025, to reach USD 87.12 million by 2025.Which segment had the largest market share in automotive lubricants?
b. With a 56.76% share in 2019, engine oil dominated the automotive grease market. This is due to increasing demand from passenger cars and heavy-duty trucks. They maintain engine viscosity, increase reliability and decrease engine wear.Which are the major players in the automotive lubricants industry?
b. ExxonMobil and Royal Dutch Shell are some of the key players in the automotive lubricants industry.What are the driving factors for the automotive lubricants industry?
b. The market growth is driven by increasing demand for passenger cars and lightweight vehicles, as well as a shift in consumer preference towards sustainable lubricants.
Up Market Research published a new report titled “Automotive Lubricants Market research report which is segmented by Product (Gear Oil, Transmission Fluids, Coolants, Brake Fluids, Greases, Engine Oil), By Players/Companies ExxonMobil, Royal Dutch Shell, Valvoline, Chevron Corp, LukOil, Fuchs Group, Sinopec, Total SA, British Petroleum”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Automotive Lubricants Market Research Report|
|By Product||Gear Oil, Transmission Fluids, Coolants, Brake Fluids, Greases, Engine Oil|
|By Companies||ExxonMobil, Royal Dutch Shell, Valvoline, Chevron Corp, LukOil, Fuchs Group, Sinopec, Total SA, British Petroleum|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||224|
|Number of Tables & Figures||157|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Gear Oil, Transmission Fluids, Coolants, Brake Fluids, Greases, Engine Oil).
Automotive Lubricants Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Automotive Lubricants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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