Press release
Global Automotive Lubricants Market Forecast to Reach USD 115.16 Billion by 2032
The global automotive lubricants market is projected to experience a compound annual growth rate (CAGR) of 3.6%, expanding from USD 86.78 billion in 2024 to approximately USD 115.16 billion by 2032.
♦ Competitive Landscape
Leading industry players include ExxonMobil Corporation, Royal Dutch Shell, BP Plc, Chevron Corporation, TotalEnergies, and Valvoline. These companies are focusing on technological advancements and strategic partnerships to strengthen their market positions.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:https://www.maximizemarketresearch.com/request-sample/11170/
► Regional Demand
The Asia-Pacific region dominates the market, with China and Malaysia witnessing significant growth. In China, synthetic oils have seen substantial annual growth, while in Malaysia, both semi-synthetic and full-synthetic passenger car motor oils have captured nearly 40% of the market share.
Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/11170/
Country-Specific Insights
• Vietnam: Opportunities in Market Expansion
Vietnam's burgeoning automotive industry presents opportunities for lubricant manufacturers to cater to the increasing vehicle population.
• Thailand: Growth in Automotive Lubricants Sector
Thailand's position as a regional automotive hub drives the demand for high-quality lubricants, supported by substantial vehicle production and exports.
• Japan: Trends in Advanced Lubricant Technologies
Japan's focus on technological innovation propels the development and adoption of advanced lubricant formulations, aligning with the country's automotive advancements.
• South Korea: Consolidation in Lubricant Industry
South Korea's lubricant market is witnessing consolidation, with major players engaging in mergers and acquisitions to enhance their market presence.
• Singapore: Updation of Lubricant Standards
Singapore is updating its lubricant standards to meet evolving environmental regulations and performance requirements, influencing market dynamics.
• United States: Opportunities in Synthetic Lubricants
The U.S. market is experiencing a shift towards synthetic lubricants, driven by consumer awareness and stringent environmental regulations.
• China: Growth in Lubricant Consumption
China's rapid industrialization and expanding automotive sector contribute to significant growth in lubricant consumption, particularly in synthetic oils.
• Europe: Trends in Sustainable Lubricants
Europe is witnessing a trend towards sustainable and bio-based lubricants, influenced by environmental policies and consumer preferences.
♦ Mergers and Acquisitions
In South Korea, SK Lubricants acquired a significant stake in a local lubricant manufacturer, aiming to expand its product portfolio and market reach.
In the United States, Chevron Corporation completed the acquisition of Nexbase, enhancing its position in the synthetic lubricants segment.
► Key Recent Developments
In China, Sinopec Lubricant Company launched a new range of high-performance synthetic lubricants, catering to the growing demand for fuel-efficient products.
In Europe, TotalEnergies introduced bio-based lubricants, aligning with the region's sustainability goals and reducing environmental impact.
Interested to take a sneak peek? Request a sample copy of the report to see what's inside:https://www.maximizemarketresearch.com/request-sample/11170/
Automotive Lubricants Market Segmentation
• By Product Type
Engine Oil (Motor Oils)
Transmission Oils
Hydraulic Fluids
Greases
Others
According to the type of product, the market is divided into Engine Oil (Motor Oils), Transmission Oils, Hydraulic Fluids, Greases, and Other categories. It is anticipated that Engine Oil (Motor Oils) will dominate the Automotive Lubricants Market throughout the forecast period. Engine oil, or motor oil, is the leading product type in the market because it is essential for maintaining engine health and ensuring optimal vehicle performance. The essence of its prominence is its various functions within the internal combustion engine. Engine oil serves as a lubricant, lessening friction among the engine's different moving parts. This function decreases wear and tear while promoting smooth functioning.
• By Vehicle Type
Passenger Vehicles
Commercial Vehicles
Motorcycles
Others
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/automotive-lubricants-market/11170/
Automotive Lubricants Market Key Players
Global
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)
North America
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)
Europe
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)
Asia Pacific
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)
► View Popular Topics Now:
Global Railcar Leasing Market https://www.maximizemarketresearch.com/market-report/global-railcar-leasing-market/121308/
Global Compact Wheel Loaders Market https://www.maximizemarketresearch.com/market-report/global-compact-wheel-loaders-market/120316/
Global Vocational Truck Market https://www.maximizemarketresearch.com/market-report/global-vocational-truck-market/96954/
Global Automotive Intelligence Battery Sensor Market https://www.maximizemarketresearch.com/market-report/automotive-intelligence-battery-sensor-market/70803/
Auto Parts ECommerce Aftermarket Market https://www.maximizemarketresearch.com/market-report/global-auto-parts-e-commerce-aftermarket-market/55100/
Digital Instrument Cluster Market https://www.maximizemarketresearch.com/market-report/digital-instrument-cluster-market/1451/
Global Bicycle Tires Market https://www.maximizemarketresearch.com/market-report/global-bicycle-tires-market/119995/
North America Hyperloop Technology Market https://www.maximizemarketresearch.com/market-report/north-america-hyperloop-technology-market/2427/
Global Automotive Adaptive Front Lighting Market https://www.maximizemarketresearch.com/market-report/automotive-adaptive-front-lighting-market/12609/
Global Automotive Connectors Market https://www.maximizemarketresearch.com/market-report/automotive-connectors-market/11106/
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Lubricants Market Forecast to Reach USD 115.16 Billion by 2032 here
News-ID: 3959645 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Turbidimeter Market : A Complete Guide for Investors and Researchers
Turbidimeter Market size was valued at US$ 1036.8 Mn. in 2022. Turbidimeter will encourage a great deal of transformation in Water Management and Oil & Gas Industry.
The Turbidimeter Market is witnessing significant expansion driven by its versatile applications across industries such as construction, foundry, oil & gas, agriculture, and pharmaceuticals. Turbidimeter's unique properties, including high water absorption, swelling capacity, and viscosity, make it indispensable in drilling fluids, geosynthetic clay liners,…
Pigments Market : A Look at the Industry's Growth and Future Prospects
Pigments Market was valued at US$ 25.74 Bn in 2024 and is expected to reach at US$ 41.12 Bn in 2032. Global Pigments Market size is expected to grow at a CAGR of 6.03 % through the forecast period.
The Pigments Market is witnessing significant expansion driven by its versatile applications across industries such as construction, foundry, oil & gas, agriculture, and pharmaceuticals. Pigments's unique properties, including high water absorption, swelling…
Industrial Chain: A Comprehensive Overview of the Industry's Players and Trends
The Industrial Chain Market size was valued at USD 4.98 Billion in 2024 and the total Industrial Chain revenue is expected to grow at a CAGR of 6.8% from 2025 to 2032, reaching nearly USD 8.44 Billion.
The Industrial Chain Market is witnessing significant expansion driven by its versatile applications across industries such as construction, foundry, oil & gas, agriculture, and pharmaceuticals. Industrial Chain's unique properties, including high water absorption, swelling…
Cooling Tower Market: A Deep Dive into the Industry's Key Applications and Techn …
Cooling Tower Market is expected to reach USD 7.02 Billion at a CAGR of 3.8% during the forecast period 2030.
The Cooling Tower Market is witnessing significant expansion driven by its versatile applications across industries such as construction, foundry, oil & gas, agriculture, and pharmaceuticals. Cooling Tower's unique properties, including high water absorption, swelling capacity, and viscosity, make it indispensable in drilling fluids, geosynthetic clay liners, and water purification systems. The…
More Releases for Lubricant
Food Grade Machinery Lubricant
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Food Grade Machinery Lubricant- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few…
Agricultural Lubricant Market Report Analysis, Research Studies | Pennine Lubric …
DataM Intelligence has published a new research report on "Agricultural Lubricant Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Aerospace Lubricant Market Growing Rapidly by - British Petroleum, Exxon Mobil, …
DataM Intelligence has published a new research report on "Aerospace Lubricant Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Agricultural Lubricant Market 2024 Size, Global Report till 2031 | Exxon Mobil C …
A new Report by DataM Intelligence, titled "Agricultural Lubricant Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031,"" offers a comprehensive analysis of the industry, which comprises insights on the Agricultural Lubricant market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures, tables, and charts, as well as insightful analysis. The Agricultural Lubricant market has…
Recycled Lubricant Market: Explosive Growth
The report comes out as an intelligent and thorough assessment tool as well as a great resource that will help you to secure a position of strength in the global Recycled Lubricant market. It includes Porter's Five Forces and PESTLE analysis to equip your business with critical information and comparative data about the Global Recycled Lubricant Market. We have provided deep analysis of the vendor landscape to give you a…
Malaysia Automotive Lubricant Market
Automotive Lubricants Market in Malaysia is driven by the Growth in Number of Passenger Vehicles on Road and the rapidly increasing demand for High Performing Lubricants Despite their premium pricing: Ken Research
Increase in income level generally in urban areas contributing towards increasing demand for Passenger Vehicles and a shift in preference to expensive synthetic and semi-synthetic lubricants have driven the market for Automotive Lubricants industry in recent years.
A Significant growth…
