Press release
Automotive Lubricants Market Poised to Hit USD 106.87 billion by 2034, Expanding at a 3.4% CAGR
The automotive lubricants market size was valued at USD 76.69 billion in 2024. It is projected to grow to USD 106.87 billion by 2034, exhibiting a compound annual growth rate of 3.4% from 2025 to 2034.
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
Automotive lubricants set out several functions important for the seamless operation of the engine and its constituents. Automotive lubricants decrease friction and wear, heat creation, safeguard against aversion and rust, convey power, prohibit leakage, and disperse heat. The principal stimulus for utilizing vehicle lubricants is to reduce friction and wear safeguarding amidst constituents.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/automotive-lubricants-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
โข Several reasons have contributed to the expansion of the automotive lubricants market in recent years. Among these are their multiple functions in cooling, cleaning, and safeguarding engine constituents from wear and abrasion. There is also a surge in the demand for elevated presentation and weightless vehicles, driving the market growth.
โข The market size will expand due to the growing approval of green lubricants. Automotive manufacturers and service donors are acquiring green lubricants to encounter green certifications and improve their commodity attraction.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Prominent market contenders are funding massively in research and development so as to augment their offerings which will assist the market to grow even more. Here is the list of the leading companies operating in the automotive lubricants market:
โข Sasol
โข Indian Oil Corporation Ltd
โข HP Lubricants
โข Philipps 66
โข Fuchs
โข Cepsa
โข BP p.l.c.
โข Exxon Mobil
โข CASTROL LIMITED
โข Shell
โข Repsol
โข TotalEnergies
โข LUKOIL
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/automotive-lubricants-market/inquire-before-buying
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฎ๐๐ซ๐ข๐๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Based on product, the brake fluid segment is expected to grow at a robust pace in the coming years, owing to the increasing focus on safety and the rise in advanced braking systems such as ABS and EBD in vehicles.
โข Based on vehicle type, the internal combustion engine segment dominated the automotive lubricants market share in 2024, owing to the rising adoption of ICE vehicles in global transportation.
โข Asia Pacific accounted for the largest market share in 2024 due to the rapid expansion of the automotive sector in countries such as China, India, and Japan.
โข The North America automotive lubricants market is expected to witness a significant CAGR during the forecast period due to technological advancements and the rising adoption of hybrid and electric vehicles.
๐๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐๐๐ฅ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
Automotive Lubricants Market, Regional Outlook (Revenue - USD Billion, 2020-2034)
๐น ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
โฝ Product Outlook
โ Engine Oil
โ Gear Oil
โ Transmission Fluids
โ Brake Fluids
โ Coolants
โ Greases
โฝ Industrial Application Outlook
โ Internal Combustion Engine
โ Electric Vehicles
๐น ๐๐ฎ๐ซ๐จ๐ฉ๐
โฝ Product Outlook
โ Engine Oil
โ Gear Oil
โ Transmission Fluids
โ Brake Fluids
โ Coolants
โ Greases
โฝ Industrial Application Outlook
โ Internal Combustion Engine
โ Electric Vehicles
๐๐๐:
๐. ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฎ๐๐ซ๐ข๐๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
1.1. Key Findings
1.2. Introduction
1.2.1. Global Automotive Lubricants Market, by Product, 2020-2034 (USD Billion)
1.3. Engine Oil
1.3.1. Global Automotive Lubricants Market, by Engine Oil, by Region, 2020-2034 (USD Billion)
1.4. Gear Oil
1.4.1. Global Automotive Lubricants Market, by Gear Oil, by Region, 2020-2034 (USD Billion)
1.5. Transmission Fluids
1.5.1. Global Automotive Lubricants Market, by Transmission Fluids, by Region, 2020-2034 (USD Billion)
1.6. Brake Fluids
1.6.1. Global Automotive Lubricants Market, by Brake Fluids, by Region, 2020-2034 (USD Billion)
1.7. Coolants
1.7.1. Global Automotive Lubricants Market, by Coolants, by Region, 2020-2034 (USD Billion)
1.8. Greases
1.8.1. Global Automotive Lubricants Market, by Greases, by Region, 2020-2034 (USD Billion)
๐. ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฎ๐๐ซ๐ข๐๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐
2.1. Key Findings
2.2. Introduction
2.2.1. Global Automotive Lubricants Market, by Vehicle Type, 2020-2034 (USD Billion)
2.3. Internal Combustion Engine
2.3.1. Global Automotive Lubricants Market, by Internal Combustion Engine, by Region, 2020-2034 (USD Billion)
2.4. Electric Vehicles
2.4.1. Global Automotive Lubricants Market, by Electric Vehicles, by Region, 2020-2034 (USD Billion)
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/automotive-lubricants-market/analysis-type
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The automotive lubricants market analysis is mainly based on product, vehicle type, and region. Based on product analysis, the engine oil segment witnesses the fastest growth. It plays an important part in sustaining engine performance, decreasing friction, and improving fuel efficacy.
Moreover, according to vehicle type, the internal combustion engine segment holds a significant revenue share. ICE vehicles retain the foremost position in mobility in several regions, especially in surfacing markets such as China and India. These vehicles depend massively on lubricants for productive engine functioning, cooling, and wear curtailment.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฎ๐๐ซ๐ข๐๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐-๐๐๐๐)
โข Engine Oil
โข Gear Oil
โข Transmission Fluids
โข Brake Fluids
โข Coolants
โข Greases
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฎ๐๐ซ๐ข๐๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐-๐๐๐๐)
โข Internal Combustion Engine
โข Electric Vehicles
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Personal Care Products Market:
https://www.polarismarketresearch.com/industry-analysis/personal-care-products-market
Powder Coating Equipment Market:
https://www.polarismarketresearch.com/industry-analysis/global-powder-coating-equipment-market
Wood Plastic Composites Market:
https://www.polarismarketresearch.com/industry-analysis/global-wood-plastic-composites-market
Wood And Laminate Flooring Market:
https://www.polarismarketresearch.com/industry-analysis/global-wood-and-laminate-flooring-market
Polypropylene Market:
https://www.polarismarketresearch.com/industry-analysis/global-polypropylene-market
๐๐จ๐ง๐ญ๐๐๐ญ:
Likhil G
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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