Global Automotive Lubricants by Market, Product and Formulation

Global Automotive Lubricants by Market, Product and Formulation

Global demand for automotive lubricants is forecast to grow 1.6% per year to 22.3 million metric tons in 2021. Developing countries, most notably China and India, are expected to witness above average growth as vehicle ownership rises, while demand is expected to decline in developed countries due to increasing drain intervals. Growth is expected for nonconventional lubricants, including synthetic, re-refined, and bio-based, in every region.

Automotive lubricant applications covered in the study include:
Light Vehicle
Medium & Heavy Duty Trucks & Buses
Off-Highway Equipment
Other (motorcycles, auto rickshaws, recreational vehicles, outdoor power equipment)

Products covered in the study include:
Engine Oils
Transmission & Hydraulic Fluids
Gear Oils & Greases

Formulations addressed in the study include:
Conventional
Synthetic
Bio-based/Re-refined

Demand is also broken out for major global markets by country and region:
North America
Central & South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/Mideast

Scope of the Report
This report covers the scope, size, and growth of the global automotive lubricants market including key trends in product, market, and formulation segmentation. Historical data are provided for 2006, 2011, and 2016 with forecasts for 2021, with year by year historical market volatility also addressed. Data are provided in volume terms at the global, regional and country level. Also included is an analysis of the industry key players and their market shares.