Asia-pacific Automotive Lubricants Market - Size, Share, Forecast & Covid-19 Impact (2022 - 2027)

The Asia-pacific Automotive Lubricants Market is segmented by Vehicle Type ( Commercial Vehicles, Motorcycles, Passenger Vehicles ) , by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Transmission Oils ) and by Country ( China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand, Vietnam )

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Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2015 - 2026
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Largest Share by Vehicle Type: Passenger Vehicles
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country: China
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 5.50 %

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Market Overview

The Asia-pacific Automotive Lubricants Market stood at 7.85 billion liters in 2020 and is projected to register a CAGR of 5.50% to reach 10.82 billion liters in 2026.

  • Largest Segment by Vehicle Type - Passenger Vehicles : Increasing servicing frequencies and a growing passenger car population in India and ASEAN countries are driving the lubricant consumption in this sector at the highest rate.
  • Fastest Segment by Vehicle Type - Passenger Vehicles : The expected recovery in passenger vehicle sales and production in Asia from 2021 is likely to drive the demand for engine oils in this sector during the forecast period.
  • Largest Country Market - China : The highest lubricant consumption in China is attributed to the large vehicle fleet of the country and the growing average age of vehicles that require high lubricant usage.
  • Fastest Growing Country Market - India : In India, a rebound in the sales of new and used vehicles, supported by increasing travel rates, is projected to augment the demand in the lubricants sector at a high rate.

Scope of the Report

By Vehicle Type
Commercial Vehicles
Motorcycles
Passenger Vehicles
By Product Type
Engine Oils
Greases
Hydraulic Fluids
Transmission Oils
By Country
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Thailand
Vietnam
Rest of Asia-Pacific

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Key Market Trends

Largest Segment By Vehicle Type : Passenger Vehicles

  • In the Asia-Pacific region, motorcycles accounted for a 54.25% share in the total number of on-road vehicles during 2020, followed by passenger vehicles and motorcycles, with 37.9% and 7.85% shares, respectively.
  • The passenger vehicles segment accounted for the highest share of 47.17% in the total automotive lubricant volume consumption in 2020, followed by the commercial vehicles segment with a 35.91% share. During the same year, travel restrictions to curb the COVID-19 pandemic significantly affected the usage of these vehicles and their lubricant consumption.
  • During 2021-2026, the passenger vehicles segment is expected to witness the highest CAGR of 5.16%. The recovery of passenger vehicle sales, combined with the easing down of COVID-19-related travel restrictions, is likely to be the key factor driving this trend.

Largest Country : China

  • In Asia-Pacific, automotive lubricant consumption is the highest in China, followed by India and Japan. In 2020, China accounted for about 46% of the total automotive lubricant consumption in the region. The country also recorded the largest shares in the consumption of engine oils and greases of about 46.39% and 38.8%, respectively.
  • In 2020, the COVID-19 outbreak significantly affected automotive lubricant consumption in many Asia-Pacific countries. The automotive lubricant consumption in Singapore was the most affected, with a 17.4% drop during 2019-2020, whereas China was the least affected, with a 2.19% growth.
  • During 2021-2026, India is estimated to be the fastest-growing lubricant market, as the consumption is likely to record a CAGR of 6.31%, followed by China and Indonesia, at an estimated CAGR of 5.41% and 5.20%, respectively.

Competitive Landscape

The Asia-pacific Automotive Lubricants Market is moderately consolidated, with the top five companies occupying 49.76%. The major players in this market are BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell Plc (sorted alphabetically).

Recent Developments

    Table of Contents

    1. 1. Executive Summary & Key Findings

    2. 2. Introduction

      1. 2.1 Study Assumptions & Market Definition

      2. 2.2 Scope of the Study​

      3. 2.3 Research Methodology

    3. 3. Key Industry Trends

      1. 3.1 Automotive Industry Trends

      2. 3.2 Regulatory Framework

      3. 3.3 Value Chain & Distribution Channel Analysis

    4. 4. Market Segmentation

      1. 4.1 By Vehicle Type

        1. 4.1.1 Commercial Vehicles

        2. 4.1.2 Motorcycles

        3. 4.1.3 Passenger Vehicles

      2. 4.2 By Product Type

        1. 4.2.1 Engine Oils

        2. 4.2.2 Greases

        3. 4.2.3 Hydraulic Fluids

        4. 4.2.4 Transmission Oils

      3. 4.3 By Country

        1. 4.3.1 China

        2. 4.3.2 India

        3. 4.3.3 Indonesia

        4. 4.3.4 Japan

        5. 4.3.5 Malaysia

        6. 4.3.6 Philippines

        7. 4.3.7 Singapore

        8. 4.3.8 South Korea

        9. 4.3.9 Thailand

        10. 4.3.10 Vietnam

        11. 4.3.11 Rest of Asia-Pacific

    5. 5. Competitive Landscape

      1. 5.1 Key Strategic Moves

      2. 5.2 Market Share Analysis

      3. 5.3 Company Profiles

        1. 5.3.1 BP PLC (Castrol)

        2. 5.3.2 CHEVRON CORPORATION

        3. 5.3.3 China National Petroleum Corporation

        4. 5.3.4 China Petroleum & Chemical Corporation

        5. 5.3.5 ENEOS Corporation

        6. 5.3.6 ExxonMobil Corporation

        7. 5.3.7 GS Caltex

        8. 5.3.8 Idemitsu Kosan Co. Ltd

        9. 5.3.9 Indian Oil Corporation Limited

        10. 5.3.10 Motul

        11. 5.3.11 PT Pertamina

        12. 5.3.12 Royal Dutch Shell Plc

        13. 5.3.13 TotalEnergies

    6. 6. Appendix

      1. 6.1 Appendix-1 References

      2. 6.2 Appendix-2 List of Tables & Figures

    7. 7. Key Strategic Questions for Lubricants CEOs

    List of Tables & Figures

      Figure 1:  

      VEHICLE POPULATION, NUMBER OF UNITS, ASIA-PACIFIC, 2015 - 2026

      Figure 2:  

      COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, ASIA-PACIFIC, 2015 - 2026

      Figure 3:  

      MOTORCYCLES POPULATION, NUMBER OF UNITS, ASIA-PACIFIC, 2015 - 2026

      Figure 4:  

      PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, ASIA-PACIFIC, 2015 - 2026

      Figure 5:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, BY VEHICLE TYPE, 2015-2026

      Figure 6:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

      Figure 7:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, COMMERCIAL VEHICLES, 2015-2026

      Figure 8:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, COMMERCIAL VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 9:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, MOTORCYCLES, 2015-2026

      Figure 10:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, MOTORCYCLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 11:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, PASSENGER VEHICLES, 2015-2026

      Figure 12:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, PASSENGER VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 13:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026

      Figure 14:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 15:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026

      Figure 16:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

      Figure 17:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026

      Figure 18:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

      Figure 19:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026

      Figure 20:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

      Figure 21:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION OILS, 2015-2026

      Figure 22:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, TRANSMISSION OILS, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

      Figure 23:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, BY COUNTRY, 2015-2026

      Figure 24:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME SHARE (%), BY COUNTRY, 2020

      Figure 25:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, CHINA, 2015-2026

      Figure 26:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, CHINA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 27:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, INDIA, 2015-2026

      Figure 28:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, INDIA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 29:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, INDONESIA, 2015-2026

      Figure 30:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, INDONESIA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 31:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, JAPAN, 2015-2026

      Figure 32:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, JAPAN, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 33:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, MALAYSIA, 2015-2026

      Figure 34:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, MALAYSIA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 35:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, PHILIPPINES, 2015-2026

      Figure 36:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, PHILIPPINES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 37:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, SINGAPORE, 2015-2026

      Figure 38:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, SINGAPORE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 39:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, SOUTH KOREA, 2015-2026

      Figure 40:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, SOUTH KOREA, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 41:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, THAILAND, 2015-2026

      Figure 42:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, THAILAND, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 43:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, VIETNAM, 2015-2026

      Figure 44:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VIETNAM, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 45:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, VOLUME IN LITERS, REST OF ASIA-PACIFIC, 2015-2026

      Figure 46:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, REST OF ASIA-PACIFIC, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

      Figure 47:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

      Figure 48:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

      Figure 49:  

      ASIA-PACIFIC AUTOMOTIVE LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

    Market Definition

    • Vehicle Types - Passenger Vehicles, Commercial Vehicles and Motorcycles are the vehicle types considered under the automotive lubricants market.
    • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission oils, greases and hydraulic fluids are taken into consideration.
    • Service Refill - Service refill is the primary factor considered while accounting the lubricant consumption for each of the vehicle segments, under the study.
    • Factory Fill - First lubricant fill-ups for newly produced vehicles are considered.

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    Research Methodology

    Mordor Intelligence follows a four-step methodology in all our reports.

    • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
    • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
    • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
    • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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    Frequently Asked Questions

    The Asia-pacific Automotive Lubricants Market market is studied from 2015 - 2026.

    The Asia-pacific Automotive Lubricants Market stood at 7.85 billion liters in 2020 and is projected to register a CAGR of 5.50% to reach 10.82 billion liters in 2026.

    Increasing servicing frequencies and a growing passenger car population in India and ASEAN countries are driving the lubricant consumption in this sector at the highest rate.

    The expected recovery in passenger vehicle sales and production in Asia from 2021 is likely to drive the demand for engine oils in this sector during the forecast period.

    The highest lubricant consumption in China is attributed to the large vehicle fleet of the country and the growing average age of vehicles that require high lubricant usage.

    In India, a rebound in the sales of new and used vehicles, supported by increasing travel rates, is projected to augment the demand in the lubricants sector at a high rate.

    BP PLC (Castrol),China National Petroleum Corporation,China Petroleum & Chemical Corporation,ExxonMobil Corporation and Royal Dutch Shell Plc. are the major companies operating in Asia-pacific Automotive Lubricants Market.