Global Automotive Lubricant Market Outlook to 2026

Automotive Lubricant is a fluidic material that minimizes friction between surfaces in contact. According to BlueQuark Research & Consulting, the global automotive lubricants market is expected to witness a significant growth rate during the forecast period. Factors such as the increasing demand for efficient automotive vehicles due to the surging oil prices are expected to drive the automotive lubricants market in the forecasted years. Furthermore, this increasing demand is attributed to the growing need for high-performance engines. The increasing construction industry is also expected to drive the demand for the commercial vehicle for construction activities, thus increasing the demand for the automotive lubricants market in the forecasted years. Engine oil is the most extensively used segment for the automotive lubricant industry. However, the increase in sales for battery electric vehicles and the increasing demand for hybrid engines that could decrease the demand for engine oil is expected to restrain the global automotive lubricant growth in the forecasted years.

Automotive lubricants are used in the automotive sector in engine oil, grease, brake fluids, hydraulic fluids, and gear oil.

Engine Oil is the most used automotive Lubricant globally and is expected to drive the global automotive lubricant market. The main purpose of engine oil is to reduce wear and friction on moving parts and clean the engine from varnish and sludge. It also helps to neutralize acids that originate from fuel and oxidation of lubricants, thus improving the sealing of piston rings. Engine oil plays a key role in cooling the engine by extracting heat away from moving parts. The increasing crude oil prices have forced people to opt for high mileage engine oils as it helps to prevent oil leaks and reduce oil consumption. The increasing car age globally promotes the use of engine oils and other lubricants to maintain the efficiency and performance of the vehicle. The recommended engine oil change period is at about 5,000 to 7,500 miles to enhance the drive experience. Owing to the rapid urbanization in emerging countries like China and India, the sales of commercial vehicles such as trucks, tractors, and trailers are on the surge. High-duty motor engine oil has high-viscosity engine oils, capable of sustaining strict emission standards and extreme geographical conditions. These factors are expected to drive the demand for automotive lubricants in the forecasted years.

Major global players in the industry are Royal Dutch Shell International, China National Petroleum Corporation, Chevron Corporation, ExxonMobil Corporation, Phillips Company, Kluber Oil International, Hindustan Corporation Limited (HPCL), among others.

The Asia Pacific region is expected to be the largest automotive lubricant market due to the growth in demand for the automotive industry. Owing to the increasing population in the region, the demand for automotive vehicles is increasing in demand. Since China's growth rate had been impressive in the last decades, the following decade is also expected to witness the same rise, making China a leader in Automotive Lubricants demand. Further, China has the most prominent automotive industry and is expected to consolidate its position as a prime Automotive Lubricants market. With the rapid industrialization in the region, the demand for commercial vehicle for commercial purposes is also increasing. This surge in demand is attributed to the increasing construction activities in the Asia Pacific region. China has been funding massive infrastructural projects globally, which is expected to further strengthen its position as the focus shifts from the west to the east since the start of the 21st century. China-funded Sri-Lanka's Hambantota port, 250km south of Colombo, whose cost was estimated at USD 1.4 billion.

In March 2021, Shell and Maserati have extended their long-standing technical and commercial collaboration to launch the new Shell Helix Ultra Hybrid 0W-30 oil for Maserati hybrid engines. This new product will be available in Europe and Asia from official Maserati dealerships.

Global Automotive Lubricants Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Automotive lubricants market by segmenting based on the Application (Engine Oil, Gear Oil, Hydraulic Oil, Greases, Brake Fluids, Others), Type (Synthetic Lubricants, Mineral Oil, Biobased Lubricants)), and Geography (Asia-Pacific, North America, and Europe). The report calculates the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trend, market share, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.