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Automotive Lubricants Market Trends and Growth Opportunities: 2024 to 2030 Analysis

01-10-2025 11:54 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Automotive Lubricants Market

Automotive Lubricants Market

The Automotive Lubricants Market is poised for significant growth, driven by increasing vehicle production, rising demand for fuel efficiency, and advancements in automotive technologies. The market was valued at USD 83.77 Bn. in 2023 and is expected to grow at a CAGR of 3.6% from 2024 to 2030, reaching USD 107.30 Bn. by 2030. This press release delves into country-specific growth opportunities, consolidation activities, and trends in Vietnam, Thailand, Japan, China, South Korea, Singapore, the US, and Europe.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž @https://www.maximizemarketresearch.com/request-sample/11170/

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ฎ๐›๐ซ๐ข๐œ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's automotive lubricants market is expanding due to increasing vehicle sales and infrastructure development. Local manufacturers are forming partnerships with global players, such as ๐‚๐š๐ฌ๐ญ๐ซ๐จ๐ฅ and ๐๐ž๐ญ๐ซ๐จ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ, to enhance lubricant production. Vietnam's government initiatives promoting industrial growth also contribute to the market's steady expansion.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ฎ๐›๐ซ๐ข๐œ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand, a hub for automotive production in Southeast Asia, is witnessing growing demand for high-performance lubricants. Companies like ๐’๐ก๐ž๐ฅ๐ฅ and ๐๐“๐“ have introduced synthetic and eco-friendly lubricants to meet sustainability goals. The Thai automotive sector's push for electric vehicles (EVs) is creating new opportunities for specialized lubricants.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ฎ๐›๐ซ๐ข๐œ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's focus on technological advancements in automotive lubricants is evident through the R&D investments by major companies like ๐ˆ๐๐ž๐ฆ๐ข๐ญ๐ฌ๐ฎ ๐Š๐จ๐ฌ๐š๐ง and ๐„๐๐„๐Ž๐’ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง. Strategic mergers, such as ENEOS's acquisition of JXTG Nippon Oil, are fostering market consolidation and driving innovation in lubricant formulations.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ฎ๐›๐ซ๐ข๐œ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China, the world's largest automotive market, is rapidly transitioning towards energy-efficient and EV-friendly lubricants. Companies like ๐’๐ข๐ง๐จ๐ฉ๐ž๐œ and ๐“๐จ๐ญ๐š๐ฅ๐„๐ง๐ž๐ซ๐ ๐ข๐ž๐ฌ are investing in eco-friendly lubricant production. The government's focus on reducing emissions has driven demand for synthetic lubricants and advanced additive technologies.

๐”๐ง๐ฅ๐จ๐œ๐ค ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฏ๐ข๐š ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/11170/

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ฎ๐›๐ซ๐ข๐œ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's automotive lubricants market is being shaped by its thriving EV industry and export-driven economy. Companies like ๐’๐Š ๐‹๐ฎ๐›๐ซ๐ข๐œ๐š๐ง๐ญ๐ฌ are investing in premium base oil production to cater to global markets. Collaborations with automakers, including ๐‡๐ฒ๐ฎ๐ง๐๐š๐ข and ๐Š๐ข๐š, have bolstered the market's growth.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ฎ๐›๐ซ๐ข๐œ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore, as a regional trade hub, plays a key role in the automotive lubricants market. Global players like ๐„๐ฑ๐ฑ๐จ๐ง๐Œ๐จ๐›๐ข๐ฅ and ๐‚๐ก๐ž๐ฏ๐ซ๐จ๐ง have established production and distribution centers in Singapore, leveraging its strategic location. The country's emphasis on innovation and sustainability further boosts market potential.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ฎ๐›๐ซ๐ข๐œ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

The United States leads in automotive lubricant innovation, with companies like ๐‚๐ก๐ž๐ฏ๐ซ๐จ๐ง, ๐Œ๐จ๐›๐ข๐ฅ 1, and ๐๐ž๐ง๐ง๐ณ๐จ๐ข๐ฅ investing heavily in advanced formulations. Recent acquisitions, such as ExxonMobil's partnership with renewable base oil companies, highlight the country's focus on sustainable lubricant solutions.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ฎ๐›๐ซ๐ข๐œ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's automotive lubricants market is undergoing consolidation as manufacturers like ๐๐ (๐‚๐š๐ฌ๐ญ๐ซ๐จ๐ฅ) and ๐…๐ฎ๐œ๐ก๐ฌ ๐๐ž๐ญ๐ซ๐จ๐ฅ๐ฎ๐› align with sustainability goals. EU regulations encouraging the adoption of low-emission vehicles have accelerated demand for synthetic lubricants. Cross-border collaborations and investments in bio-based lubricants are prominent trends.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/11170/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž

Engine Oil (Motor Oils)
Transmission Oils
Hydraulic Fluids
Greases
Others

Engine oil (also known as motor oil), transmission oil, hydraulic fluids, greases, and other products make up the market's segments. Throughout the projected period, engine oil (also known as motor oil) is anticipated to dominate the automotive lubricants market. Because it is essential to maintaining engine health and enabling the best possible vehicle performance, engine oil, usually referred to as motor oil, is the most popular product type on the market. Its many functions within the internal combustion engine are the main reason for its popularity. As a lubricant, engine oil lowers friction between the engine's many moving parts, saving wear and tear and guaranteeing smooth performance.

๐๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž

Passenger Vehicles
Commercial Vehicles
Motorcycles
Others

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/automotive-lubricants-market/11170/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

๐†๐ฅ๐จ๐›๐š๐ฅ
1. ExxonMobil Corporation (Irving, Texas, United States)
2. Royal Dutch Shell (The Hague, Netherlands)
3. BP Plc (London, United Kingdom)
4. Chevron Corporation (San Ramon, California, United States)
5. TotalEnergies (Paris, France)

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š
1. Valvoline (Lexington, Kentucky, United States)
2. Amsoil Inc. (Superior, Wisconsin, United States)
3. Pennzoil (Shell) (Houston, Texas, United States)
4. Phillips 66 Lubricants (Houston, Texas, United States)
5. Houghton International Inc. (Valley Forge, Pennsylvania, United States)

๐„๐ฎ๐ซ๐จ๐ฉ๐ž
1. Fuchs Petrolub SE (Mannheim, Germany)
2. Castrol (BP) (Pangbourne, United Kingdom)
3. Gulf Oil International (London, United Kingdom)
4. Morris Lubricants (Shrewsbury, United Kingdom)
5. Motul (Aubervilliers, France)
6. ENI (Rome, Italy)
7. Neste Oyj (Espoo, Finland)

๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ
1. Idemitsu Kosan Co., Ltd. (Tokyo, Japan)
2. Petronas Lubricants International (Kuala Lumpur, Malaysia)
3. Sinopec Lubricant Company (Beijing, China)
4. PetroChina Lubricant Company (Beijing, China)
5. Indian Oil Corporation Limited (IOCL) (New Delhi, India)

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Global EV Platform Market https://www.maximizemarketresearch.com/market-report/global-ev-platform-market/71099/

โ™ฆ Global Cloud Telephony Service Market https://www.maximizemarketresearch.com/market-report/global-cloud-telephony-service-market/26948/

โ™ฆ North America Smart Fleet Management Market https://www.maximizemarketresearch.com/market-report/north-america-smart-fleet-management-market/3139/

โ™ฆ Legal Technology Market https://www.maximizemarketresearch.com/market-report/legal-technology-market/215553/

โ™ฆ Wedding Services Market https://www.maximizemarketresearch.com/market-report/wedding-services-market/229647/

โ™ฆ Floriculture Market https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/

โ™ฆ Global Washing Machine Market https://www.maximizemarketresearch.com/market-report/washing-machine-market/14800/

โ™ฆ Fruit Fillings Market https://www.maximizemarketresearch.com/market-report/fruit-fillings-market/198740/

โ™ฆ Diamond Core Drilling Market https://www.maximizemarketresearch.com/market-report/diamond-core-drilling-market/199099/

โ™ฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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AMA Research & Media LLP
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Global Movable Walls Market Report from Advance Market Analytics (AMA) covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market. The market characteristics section of the report defines and explains the market. The market size section gives the electronic equipment market revenues, covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the externalโ€ฆ
11-23-2018 | Advertising, Media Consulting, โ€ฆ
Research Report Insights
Military Personal Protective Equipment Market 2024 | 3M Ceradyne (United States) โ€ฆ
Military personal protective equipment has become a crucial and standard element of soldier equipment. One of the major factor driving the market is the increasing role of ground troops in different parts of the world such as Iraq, Afghanistan and India among others. The demand for military personal protective equipment is anticipated to be driven by modernization initiatives undertaken by several large defense spenders globally and various internal security threats,โ€ฆ
11-19-2018 | Advertising, Media Consulting, โ€ฆ
Research Report Insights
Internet of Things Market 2021 | Google Inc. (United States), Cisco Systems Inc. โ€ฆ
The Internet of Things refers to the network of physical objects that attribute an IP address for Internet connectivity. Internet of Things is defined as an invisible and intelligent network of things that communicate indirectly or directly with each other. Internets of Things enable communication between the physical objects and other internet-enabled systems and devices. In addition, Internet of Things also makes the life of consumers much more comfortable andโ€ฆ
11-13-2018 | Industry, Real Estate & Constr โ€ฆ
MRRSE
Logistics Market | Global Growing Industry Key Players - J.B. Hunt Transport Ser โ€ฆ
Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled โ€œLogistics Marketโ€. The study offers a clear insight about the prevailing trends and innovations happening in the Logistics Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during theโ€ฆ
09-07-2018 | Business, Economy, Finances, B โ€ฆ
Market Research Reports Search Engine - MRRSE
Global Logistics Market 2024 | Key Players : J.B. Hunt Transport Services (Unite โ€ฆ
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled โ€œLogistics Market โ€“ Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 โ€“ 2024โ€ which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. Request for a sample of this research report @ https://www.mrrse.com/sample/2184 Logistics isโ€ฆ