Automotive Lubricants Market Updates

Global Automotive Lubricants Market size was valued at USD 69.33 Billion in 2023 and is poised to grow from USD 70.44 Billion in 2024 to USD 79.98 Billion by 2032, growing at a CAGR of 1.6% in the forecast period (2025-2032).

The automotive lubricants industry is highly competitive with major companies such as Royal Dutch Shell, ExxonMobil, BP, and TotalEnergies firmly embedded into the sector. These players are directing their resources towards enhancing their distribution networks and R&D capabilities. The players are also increasing their investments in the manufacturing of synthetic and bio lubricants which meet up with the current consumer and regulatory requirements. Local players are also important as they satisfy local needs at reasonable costs. The competition has become more pronounced with the advent of e-commerce systems through which businesses are able to expand their customer base and offer tailored services effectively. 'SOLVAY (Belgium)', 'DAIKIN INDUSTRIES, Ltd. (Japan)', 'Dow (U.S.)', 'Halocarbon, LLC (U.S.)', 'Freudenberg SE (Germany)', 'The Chemours Company (U.S.)', 'Metalubgroup (Israel)', 'M&I Materials Limited (U.K)', 'Nye Lubricants, Inc. (U.S.)', 'Lubrilog (France)', 'ECCO Gleittechnik GmbH (Germany)', 'HUSK-ITT Corporation (U.S.)', 'Setral Chemie GmbH (Germany)', 'IKV Tribology Ltd (Germany)'

Over the past several years, the number of road crashes has significantly increased. This has created the demand for improved on-road effectiveness of automobiles and impact resistance from extreme pressure, weight, and force through application of automotive lubricants. Therefore, the growing number of deaths resulting from road accidents is likely to propel the growth of global automotive lubricants market in the forecast period. For example, in 2022 the World Health Organization reported that over 1.3 million people die of road traffic accidents across the world every year.

Rising Awareness about Vehicle Maintenance: An increase in the knowledge of maintenance of a vehicle has also created a key opportunity in the automotive lubricant market. With numerous individuals getting to know the advantages of taking care of an engine regularly, the demand for high quality lubricants is bound to increase. For example, marketing initiatives of prominent lubricant corporations like Castrol and Mobil tackle the issue of regular oil change, encouraging consumers and increasing sales of lubricants. This tendency clearly indicates that the market for sophisticated and premium lubricant products is on the rise.

Asia-Pacific is dominating with the largest automotive lubricants market share. The market is largely dominated by this region, and that is primarily because of the large-scale automotive production as well as the increasing number of vehicles. Countries like China, India, Japan are immensely contributing to the growth of the market because they have a large consumer base and a rapidly growing working population. Furthermore, economic advancement of the region and globalization has led to more people having vehicles which in return increased the need for automotive lubricants. Furthermore, the policies focused on infrastructure development as well as industrialization are also increasing the number of commercial vehicles used, which in turn increases the use of lubricants. In recent times, people are becoming more aware about maintaining their vehicles for reducing carbon footprint, which is also increasing the demand for higher quality synthetic lubricants.