Global Automotive Lubricants Market Insights and Forecast to 2028

Automotive lubricant is a substance introduced to reduce friction between moving surfaces. It may also have the function of transporting foreign particles. The property of reducing friction is known as lubricity (or slipperiness).

Automotive lubricant as its name implies have to perform in different types of vehicles both petrol and diesel under a variety of operating conditions. Modern vehicles are fuel efficient and comfortable with high levels of performance. They are required to meet stringent emission norms. Quality requirement of such lubricants are established by the Society of Automotive Engineers (SAE) and are specified in its classification system.
Market Analysis and Insights: Global Automotive Lubricants Market
Due to the COVID-19 pandemic, the global Automotive Lubricants market size is estimated to be worth US$ 137150 million in 2022 and is forecast to a readjusted size of US$ 156270 million by 2028 with a CAGR of 2.2% during the review period. Fully considering the economic change by this health crisis, Gasoline Lubricants accounting for % of the Automotive Lubricants global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Passenger Cars segment is altered to an % CAGR throughout this forecast period.
Asia Pacific is the largest consumer with the region characterized by high passenger car sales and a rapidly developing aftermarket.
In terms of production side, this report researches the Automotive Lubricants capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Automotive Lubricants by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Automotive Lubricants Scope and Segment
Automotive Lubricants market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Automotive Lubricants market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Gasoline Lubricants
Diesel fuel Lubricants
Segment by Application
Passenger Cars
LCVs/HCVs
By Company
Shell
ExxonMobil
BP
TOTAL
Chevron
FUCHS
Valvoline
Idemitsu Kosan
LUKOIL
JX Group
SK Lubricants
ConocoPhillips
Hyundai Oilbank
Sinopec
CNPC
DongHao
LOPAL
Copton
LURODA
Jiangsu Gaoke
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE