Automotive Lubricants Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	150 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19260666

Best Price Guarantee
Price	from $4,850
Length	150 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19260666

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

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