The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, the halt in many end-use industries directly affected the chemical demand all around the world.
Automotive Lubricants Market Overview
The global automotive lubricants market size was estimated at USD 72.10 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2030.
Automotive lubricants are mostly utilized for protecting and extending the life of the most expensive parts of a vehicle. Some prominent factors such as rising dependency on private transport, growth in the economy, and increasing consumer affordability are boosting the usage of vehicles. Ultimately, it positively drives the growth of the global automotive lubricants market. Additionally, The Original Equipment Manufacturer (OEM) recommendation on the usage of quality lubricants such as synthetic/ semi-synthetic oil, because they offer better lubrication is expected to boost the demand for quality lubricants. This key fact will highly influence the market’s growth in the forthcoming years.
On the other hand, the rising adoption of electric vehicles is anticipated to hamper the growth of the market. As well, the average age of vehicles has increased to 11 years. Hence, the presence of an ageing vehicle fleet eventually improves the maintenance scope. This will create profitable opportunities for automotive lubricants market development in the near future.
Automotive Lubricants Market Segment Overview
In terms of base oil, the engine oil segment holds the major share of the market. This is due to its low drain interval time. Engine oil is generally replaced at 10,000 to 15,000 miles; hence it has a high demand. Moreover, based on the product type, the synthetic/ semi-synthetic oil segment is expected to increase at a high growth rate during the forecast period. This is due to the rise in demand for quality lubricants and stringent government regulations related to emission.
Automotive Lubricants Market Regional Overview
The Asia Pacific is expected to dominate the global automotive lubricant market. This is owing to the increasing usage of vehicles in the region. Also, the rising investments in the automotive sector in countries such as China, India, and Japan, are contributing significantly to the market’s growth. Similarly, Latin America is also showing notable growth in the market owing to the rise in sales of light vehicles and heavy vehicles in the region.
Automotive Lubricants Market, Key Players
· Royal Dutch Shell plc
· ExxonMobil Corporation
· BP p.l.c.
· Chevron Corporation
· Total S.A.
· Sinopec Corporation
· Fuchs Lubricants Co.
· LUKOIL
· Phillips 66 Company
· Valvoline LLC
· Repsol S.A.
· JXTG Nippon Oil & Energy Corporation
· Bharat Petroleum Corporation Limited
· Indian Oil Corporation Limited
· Petrobras
· Morris Lubricants
Automotive Lubricants Market Segmentation
Automotive Lubricants Market, By Product Type
· Mineral Oil
· Synthetic/ Semi-Synthetic Oil
· Bio-Based Oil
Automotive Lubricants Market, By Base Oil
· Engine Oil
· Manual Transmission Fluid
· Automatic Transmission Fluid
Automotive Lubricants Market, By Vehicle Type
· Light Vehicle
· Heavy Vehicle
Automotive Lubricants Market, By Sales Channel
· OEM
· Aftermarket
Automotive Lubricants Market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
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 Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Automotive Lubricants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Mineral Oil
- 5.2.2. Synthetic/ Semi-Synthetic Oil
- 5.2.3. Bio-Based Oil
- 5.3. Market Analysis, Insights and Forecast – By Base Oil
- 5.3.1. Engine Oil
- 5.3.2. Manual Transmission Fluid
- 5.3.3. Automatic Transmission Fluid
- 5.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.4.1. Light Vehicle
- 5.4.2. Heavy Vehicle
- 5.5. Market Analysis, Insights and Forecast – By Sales Channel
- 5.5.1. OEM
- 5.5.2. Aftermarket
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Latin America
- 5.6.3. Europe
- 5.6.4. Asia Pacific
- 5.6.5. Middle East and Africa
6. North America Automotive Lubricants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Mineral Oil
- 6.2.2. Synthetic/ Semi-Synthetic Oil
- 6.2.3. Bio-Based Oil
- 6.3. Market Analysis, Insights and Forecast – By Base Oil
- 6.3.1. Engine Oil
- 6.3.2. Manual Transmission Fluid
- 6.3.3. Automatic Transmission Fluid
- 6.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.4.1. Light Vehicle
- 6.4.2. Heavy Vehicle
- 6.5. Market Analysis, Insights and Forecast – By Sales Channel
- 6.5.1. OEM
- 6.5.2. Aftermarket
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Latin America Automotive Lubricants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Mineral Oil
- 7.2.2. Synthetic/ Semi-Synthetic Oil
- 7.2.3. Bio-Based Oil
- 7.3. Market Analysis, Insights and Forecast – By Base Oil
- 7.3.1. Engine Oil
- 7.3.2. Manual Transmission Fluid
- 7.3.3. Automatic Transmission Fluid
- 7.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.4.1. Light Vehicle
- 7.4.2. Heavy Vehicle
- 7.5. Market Analysis, Insights and Forecast – By Sales Channel
- 7.5.1. OEM
- 7.5.2. Aftermarket
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. Brazil
- 7.6.2. Mexico
- 7.6.3. Rest of Latin America
8. Europe Automotive Lubricants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Mineral Oil
- 8.2.2. Synthetic/ Semi-Synthetic Oil
- 8.2.3. Bio-Based Oil
- 8.3. Market Analysis, Insights and Forecast – By Base Oil
- 8.3.1. Engine Oil
- 8.3.2. Manual Transmission Fluid
- 8.3.3. Automatic Transmission Fluid
- 8.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.4.1. Light Vehicle
- 8.4.2. Heavy Vehicle
- 8.5. Market Analysis, Insights and Forecast – By Sales Channel
- 8.5.1. OEM
- 8.5.2. Aftermarket
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. UK
- 8.6.2. Germany
- 8.6.3. France
- 8.6.4. Italy
- 8.6.5. Spain
- 8.6.6. Russia
- 8.6.7. Rest of Europe
9. Asia Pacific Automotive Lubricants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Mineral Oil
- 9.2.2. Synthetic/ Semi-Synthetic Oil
- 9.2.3. Bio-Based Oil
- 9.3. Market Analysis, Insights and Forecast – By Base Oil
- 9.3.1. Engine Oil
- 9.3.2. Manual Transmission Fluid
- 9.3.3. Automatic Transmission Fluid
- 9.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.4.1. Light Vehicle
- 9.4.2. Heavy Vehicle
- 9.5. Market Analysis, Insights and Forecast – By Sales Channel
- 9.5.1. OEM
- 9.5.2. Aftermarket
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. China
- 9.6.2. India
- 9.6.3. Japan
- 9.6.4. Australia
- 9.6.5. South East Asia
- 9.6.6. Rest of Asia Pacific
10. Middle East & Africa Automotive Lubricants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Product Type
- 10.2.1. Mineral Oil
- 10.2.2. Synthetic/ Semi-Synthetic Oil
- 10.2.3. Bio-Based Oil
- 10.3. Market Analysis, Insights and Forecast – By Base Oil
- 10.3.1. Engine Oil
- 10.3.2. Manual Transmission Fluid
- 10.3.3. Automatic Transmission Fluid
- 10.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 10.4.1. Light Vehicle
- 10.4.2. Heavy Vehicle
- 10.5. Market Analysis, Insights and Forecast – By Sales Channel
- 10.5.1. OEM
- 10.5.2. Aftermarket
- 10.6. Market Analysis, Insights and Forecast – By Country
- 10.6.1. GCC
- 10.6.2. South Africa
- 10.6.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Royal Dutch Shell plc
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. ExxonMobil Corporation
- 11.6. BP p.l.c.
- 11.7. Chevron Corporation
- 11.8. Total S.A.
- 11.9. Sinopec Corporation
- 11.10. Fuchs Lubricants Co.
- 11.11. LUKOIL
- 11.12. Phillips 66 Company
- 11.13. Valvoline LLC
- 11.14. Repsol S.A.
- 11.15. JXTG Nippon Oil & Energy Corporation
- 11.16. Bharat Petroleum Corporation Limited
- 11.17. Indian Oil Corporation Limited
- 11.18. Petrobras
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
