Press release
Global Automotive Lubricants Market Set to Surge: Innovations in Synthetic and Bio-Based Oils Drive Future Growth 2025 | Top key players - Bharat Petroleum, Eni S.P.A., Exxon Mobil Corporation.
The Global Automotive Lubricants Market reached US$ 72.1 billion in 2023 and is expected to reach US$ 94.9 billion by 2031, growing with a CAGR of 3.5% during the forecast period 2024-2031.The Automotive lubricants Market, as analyzed by DataM Intelligence, offers a comprehensive industry overview backed by in-depth insights, historical trends, and key statistics. The report dives deep into market dynamics and competitive strategies, profiling major players along with their product portfolios, pricing models, financial performance, growth initiatives, and regional presence.
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The Automotive Lubricants Market encompasses oils, greases, and fluids designed to reduce friction, heat, and wear in vehicle engines and components. It includes products like engine oil, transmission fluid, and gear oil, catering to passenger cars, commercial vehicles, and off-road machinery. Driven by vehicle demand, industrial growth, and sustainability trends, the market focuses on synthetic and bio-based lubricants for enhanced efficiency and environmental compliance.
Major players in the Automotive lubricants Market
The prominent players in Automotive lubricants market research report are: Amsoil (Wisconsin), Total SA, Bharat Petroleum, Eni S.P.A., Exxon Mobil Corporation, Indian Oil Corporation, Lubrizol, Royal Dutch Shell, Sinopec and Valvoline.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
October 2022 - TotalEnergies partnered with MG Motor to develop an exclusive line of vehicle-specific lubricants for the Chilean market. The co-branded MG lubricant, tailored precisely for MG Motor's lineup, will be manufactured locally in Chile a strategic move to strengthen TotalEnergies' foothold in South America's automotive sector.
July 2022 - Shell USA, Inc. completed its merger with Shell Midstream Partners, L.P., acquiring all outstanding common units of SHLX in a deal valued at approximately $1.96 billion. The consolidation streamlines Shell's midstream operations under a unified corporate structure, enhancing operational and financial efficiency.
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Market Segments
By Product: Engine Oil, Brake Fluids, Gear Oil, Greases, Coolants, Others.
By Oil: Synthetic, Mineral, Conventional, Others.
By End-user: Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Cars, Others.
The Automotive lubricants industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Automotive lubricants Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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