Automotive lubricants Market Set for Steady Growth to US$ 94.9 billion by 2031, led by Asia Pacific 42% share in global market | DataM Intelligence

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.

Market growth is driven by increasing global vehicle parc, rising demand for passenger and commercial vehicles, and the need for regular engine maintenance. Additionally, stricter emission regulations, growing adoption of high-performance synthetic lubricants, and expanding automotive activity in emerging economies are supporting market expansion.

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United States: Key Industry Developments:-
✅ October 2025: Shell Lubricants launched a new range of high-performance automotive lubricants tailored for passenger cars and scooters, enhancing fuel efficiency and engine protection amid rising electric vehicle transitions.​

✅ June 2025: FUCHS Lubricants introduced RENOLIT CX SWG 0-1 grease, an advanced formulation for electric power steering systems, reducing friction and extending component life in modern vehicles.​

✅ April 2025: Daewoo entered the U.S. automotive lubricants market via a licensing deal, rolling out products for two-wheelers, passenger cars, and commercial vehicles to capture growing aftermarket demand.​

Asia Pacific /Japan: Key Industry Developments:-
✅ October 2025: Shell Lubricants expanded its high-performance lubricant lineup into Japan, focusing on applications for passenger vehicles and two-wheelers to support the country's advanced automotive manufacturing sector.​

✅ June 2025: FUCHS Lubricants released RENOLIT CX SWG 0-1 grease in Japan, optimized for electric steering in hybrid and electric vehicles, aligning with national pushes for greener mobility.​

✅ April 2025: Local adaptations of Daewoo's lubricant range launched through partnerships, targeting Japan's commercial and agricultural vehicle segments amid steady market growth.

Key Merges and Acquisitions(2025):
✅ Shell Lubricants completed its acquisition of Raj Petro Specialities Pvt. Ltd., an India-based lubricant manufacturer with plants in Chennai and Silvassa, enhancing Shell's automotive and industrial lubricant portfolio and strengthening market presence in Asia.
The Economic Times

✅ Saudi Aramco acquired a 25% stake in Unioil Petroleum Philippines, with plans to introduce Aramco-branded products such as Valvoline lubricants through Unioil's retail network, expanding automotive lubricant distribution in Southeast Asia.

✅ Fuchs Group acquired IRMCO Advanced Metalforming Lubricant Technologies, expanding its industrial and performance lubricant offerings, which also feed into extended automotive applications where specialized metalforming and application-specific lubricants are used.

Market Segmentation Analysis:-
By Product Type
Engine oil leads with the largest share in 2025, driven by its critical role in lubricating engine components, reducing friction, and maintaining performance across vehicle fleets.​
Gear oil and transmission fluids follow, supporting drivetrain durability, while coolants, brake fluids, and greases hold smaller portions for specialized applications like cooling and braking systems.​

By Oil Type
Conventional oil dominates with around 54% share in 2025, favored for affordability and reliability in standard vehicles despite synthetic alternatives.​
Synthetic oils capture a growing portion, projected at about 42% due to superior performance in high-stress modern engines, with semi-synthetic bridging the gap for balanced cost and efficiency.​

By Application
Passenger vehicles command the top share, fueled by high global ownership and frequent maintenance needs.​
Commercial and heavy-duty vehicles follow closely, emphasizing durability for fleets, while motorcycles contribute a niche segment amid rising two-wheeler demand in Asia Pacific.

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Growth Drivers:-
Growing global vehicle parc: Rising numbers of passenger and commercial vehicles directly increase demand for engine oils, transmission fluids, and greases.

Increasing vehicle age and maintenance needs: Aging vehicles require frequent oil changes and high-performance lubricants to extend engine life.

Expansion of commercial transportation: Growth in logistics, e-commerce, and freight movement boosts demand for heavy-duty engine oils.

Rising adoption of high-performance and synthetic lubricants: OEM recommendations and consumer preference for longer drain intervals support premium lubricant demand.

Stricter emission and fuel-efficiency regulations: Low-viscosity and advanced lubricants help improve fuel economy and meet emission norms.

Rapid urbanization and motorization in emerging economies: Strong vehicle sales in Asia-Pacific, Latin America, and Africa drive lubricant consumption.

Growth of two-wheelers and three-wheelers: Especially in countries like India and Southeast Asia, boosting engine and gear oil demand.

Regional Insights:-
Asia-Pacific commands the largest share of the Automotive Lubricants Market, estimated at around 42% in recent assessments, driven by massive vehicle production in China and India, rapid urbanization, surging two-wheeler demand, and expanding automotive service networks across ASEAN nations.​

Europe follows as the second-largest region, benefiting from stringent emission regulations, high passenger car ownership in Germany and the UK, advanced synthetic lubricant adoption, and steady growth in electric vehicle maintenance needs, though exact shares vary by report amid regulatory-driven transitions.​

North America ranks third in market share, supported by robust truck fleets, frequent oil changes in the US and Canada, innovations in bio-based lubricants, and infrastructure for heavy-duty applications, yet faces moderation from fuel efficiency gains and EV shifts

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Key Players:-
Amsoil (Wisconsin), Total SA, Bharat Petroleum, Eni S.P.A., Exxon Mobil Corporation, Indian Oil Corporation, Lubrizol, Royal Dutch Shell, Sinopec and Valvoline.

Key Highlights (Top 5 Key Players) for Automotive Lubricants Market :
Global leader in automotive lubricants with a broad portfolio of engine oils and synthetic fluids. Innovates for fuel efficiency and sustainability through R&D and OEM partnerships. Dominant market presence via extensive distribution.

Delivers high-performance Mobil-branded synthetics for passenger and commercial vehicles. Focuses on emission control, extended drain intervals, and technological advancements. Strong global supply network adapts to regulations.

French energy giant offers advanced synthetic blends under Total and Quartz brands. Emphasizes clean energy, engineering excellence, and OEM approvals for diverse vehicles. Growing in premium segments worldwide.

Pioneers high-output engine oils and specialty lubricants for modern engines. Invests in digitalization, quality assurance, and environmental stewardship. Strategic OEM alliances solidify market leadership.

Key Asia-Pacific player with high-performance lubricants tailored to local needs. Leverages refining capacity, OEM partnerships, and sustainability focus for rapid expansion. Strong in Great Wall brand oils. (24 words

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