Asia-pacific Automotive Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026

Asia-pacific Automotive Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2015 - 2026


The Asia-pacific Automotive Lubricants Market size is estimated at 9.92 Billion Liters in 2024, and is expected to reach 10.82 Billion Liters by 2026, growing at a CAGR of 4.44% during the forecast period (2024-2026).

Key Highlights

  • Largest Segment by Vehicle Type - Passenger Vehicles : Increasing servicing frequencies and a growing passenger car population in India and ASEAN countries are driving the lubricant consumption in this sector at the highest rate.
  • Fastest Segment by Vehicle Type - Passenger Vehicles : The expected recovery in passenger vehicle sales and production in Asia from 2021 is likely to drive the demand for engine oils in this sector during the forecast period.
  • Largest Country Market - China : The highest lubricant consumption in China is attributed to the large vehicle fleet of the country and the growing average age of vehicles that require high lubricant usage.
  • Fastest Growing Country Market - India : In India, a rebound in the sales of new and used vehicles, supported by increasing travel rates, is projected to augment the demand in the lubricants sector at a high rate.

APAC Automotive Lubricants Market Trends

Largest Segment By Vehicle Type : Passenger Vehicles

  • In the Asia-Pacific region, motorcycles accounted for a 54.25% share in the total number of on-road vehicles during 2020, followed by passenger vehicles and motorcycles, with 37.9% and 7.85% shares, respectively.
  • The passenger vehicles segment accounted for the highest share of 47.17% in the total automotive lubricant volume consumption in 2020, followed by the commercial vehicles segment with a 35.91% share. During the same year, travel restrictions to curb the COVID-19 pandemic significantly affected the usage of these vehicles and their lubricant consumption.
  • During 2021-2026, the passenger vehicles segment is expected to witness the highest CAGR of 5.16%. The recovery of passenger vehicle sales, combined with the easing down of COVID-19-related travel restrictions, is likely to be the key factor driving this trend.

Largest Country : China

  • In Asia-Pacific, China has the highest automotive lubricant consumption, followed by India and Japan. In 2020, China accounted for about 46% of the total automotive lubricant consumption in the region. The country also recorded the largest shares in the consumption of engine oils and greases of about 46.39% and 38.8%, respectively.
  • In 2020, the COVID-19 outbreak significantly affected automotive lubricant consumption in many Asia-Pacific countries. The automotive lubricant consumption in Singapore was the most affected, with a 17.4% drop during 2019-2020, whereas China was the least affected, with a 2.19% growth.
  • During 2021-2026, India is estimated to be the fastest-growing lubricant market, as the consumption is likely to record a CAGR of 6.31%, followed by China and Indonesia, at an estimated CAGR of 5.41% and 5.20%, respectively.

APAC Automotive Lubricants Industry Overview

The Asia-pacific Automotive Lubricants Market is moderately consolidated, with the top five companies occupying 49.76%. The major players in this market are BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell Plc (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
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Please note: The report will take approximately 2 business days to prepare and deliver.


1 Executive Summary & Key Findings
2 Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3 Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4 Market Segmentation
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Transmission & Gear Oils
4.3 By Country
4.3.1 China
4.3.2 India
4.3.3 Indonesia
4.3.4 Japan
4.3.5 Malaysia
4.3.6 Philippines
4.3.7 Singapore
4.3.8 South Korea
4.3.9 Thailand
4.3.10 Vietnam
4.3.11 Rest of Asia-Pacific
5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP PLC (Castrol)
5.3.2 CHEVRON CORPORATION
5.3.3 China National Petroleum Corporation
5.3.4 China Petroleum & Chemical Corporation
5.3.5 ENEOS Corporation
5.3.6 ExxonMobil Corporation
5.3.7 GS Caltex
5.3.8 Idemitsu Kosan Co. Ltd
5.3.9 Indian Oil Corporation Limited
5.3.10 Motul
5.3.11 PT Pertamina
5.3.12 Royal Dutch Shell Plc
5.3.13 TotalEnergies
6 Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7 Key Strategic Questions for Lubricants CEOs

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