According to recent findings, 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.
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Automotive Lubricants Overview:
The presence of huge oil & gas reserves in the country, along with the discovery of new oil & gas wells, would push the requirement for proppants during the forecast period. According to the Organization of Petroleum Exporting Countries (OPEC), in 2022, Saudi Arabia consisted of around 17% of the world’s proven petroleum reserves, including 267,192 million barrels of crude oil reserves. Hence, the demand for proppants is estimated to rise considerably in Saudi Arabia with the development of the oil & gas industry during 2025-2030.
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Automotive Lubricants Outlook and Future Trends :
Rising Industrial Preference for Synthetic Grease– Increasing awareness about the usage of synthetic lubricants leading to a rise in their utilization has garnered the industry’s interest. Synthetic oil provides better lubrication than mineral oils, causing a shift in consumers to opt more for synthetic ones. Moreover, the trend of adopting new and better ways to enhance vehicle productivity and automotive functions by both consumers and manufacturers is leading to a moderate flow of endorsement of these greases. Furthermore, governmental bodies are also establishing minimum standards for such products to control rising emissions resulting in rising applications of low-viscosity greases such as synthetic or semi-synthetic oils, fueling the market growth.
Global Automotive Lubricants Segmentation Analysis:
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
According to reports,Engine oil is expected to gain the major market share of the Global Automotive Lubricants Market during the forecast period, continuing its domination like the historical period.
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
According to reports,Among all, Mineral Oil are expected to govern the market during the forecasting period, owing to the numerous benefits and utilization by on-road vehicles.
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.
According to reports, Globally, Asia-Pacific is anticipated to gain the largest market share during the forecasting period, influenced by the growth in the automotive industry as a whole in the region.
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Some of the Market players in the Global Automotive Lubricants are:
- Exxon Mobil.
- Royal Dutch Shell
- BP Plc.
- Total Energies SE
- Chevron Corporation.
- Fuchs Petrolub SE
- Financial Details
- Valvoline Inc.
- Petronas Lubricants International
- Idemitsu Kosan Co., Ltd.
- Sinopec Lubricant Company
- Business Description
- Other Notable Players.
Automotive Lubricants 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.
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