Asia-pacific Passenger Vehicles Lubricants Market Analysis by Mordor Intelligence
The Asia-pacific Passenger Vehicles Lubricants Market size is estimated at 5.00 billion liters in 2025, and is expected to reach 6.32 billion liters by 2030, at a CAGR of 4.81% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain intervals. It is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : The expected recovery in passenger vehicle sales and production in Asia-Pacific from 2021 is likely to boost the demand for transmission oils during the forecast period.
- Largest Country Market - China : The high lubricant consumption in China can be attributed to the high passenger vehicle population in the country, along with a high servicing frequency of the vehicles.
- Fastest Growing Country Market - India : In India, sales growth of new and used passenger vehicles, supported by the increasing travel rate, is projected to augment the demand for lubricants at a healthy rate.
Asia-pacific Passenger Vehicles Lubricants Market Trends and Insights
Largest Segment By Product Type : Engine Oils
- During 2015-2019, lubricant consumption in the Asia-Pacific passenger vehicle (PV) market recorded a CAGR of 4.52%. Engine oil was the dominating lubricant product type in this market, which accounted for a share of 79.12% in lubricant consumption in 2020. Engine oil was followed by transmission oils, which accounted for around 14.7% of the lubricant consumption in 2020.
- In 2020, post the COVID-19 pandemic, the usage of passenger cars significantly dropped due to the restrictions put in place as a response to the pandemic. As a result, automotive lubricant consumption fell by 4.69% in comparison to 2019.
- The expected recovery in production and sales of new passenger vehicles is likely to drive the lubricant consumption in this market. As a result, PV lubricant consumption is likely to witness a CAGR of 5.16% during 2021-2026.
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Largest Country : China
- In the Asia-Pacific region, passenger vehicle (PV) lubricant consumption is the highest in China, followed by India and Japan. In 2020, China accounted for 63.01% of total PV lubricant consumption in the region, while India and Japan accounted for a share of 10.83% and 6.76%, respectively.
- The declined usage of passenger vehicles after the COVID-19 pandemic negatively affected the PV lubricant consumption across the region in 2020. The Philippines was the most affected, as it witnessed an 18.16% drop in consumption during 2019-2020, followed by Indonesia, which witnessed a 17.84% drop.
- During 2021-2026, India is likely to be the fastest-growing PV lubricant market, as the consumption is likely to register a CAGR of 6.57%, followed by China and Indonesia, which are expected to witness a CAGR of 5.80% and 4.79%, respectively.
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Competitive Landscape
The Asia-pacific Passenger Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 56.89%. 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).
Asia-pacific Passenger Vehicles Lubricants Industry Leaders
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BP PLC (Castrol)
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China National Petroleum Corporation
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China Petroleum & Chemical Corporation
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ExxonMobil Corporation
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Royal Dutch Shell Plc
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- December 2021: ExxonMobil introduced a line of synthetic engine oils, i.e., Mobil Super Pro, for SUVs in India.
- September 2021: Shell partnered with ReadyAssist, a Bengaluru-based 24-hour roadside assistance firm, to provide a seamless oil changing service across the country. Customers can get a free lube change for their vehicles when they buy Shell lubricants through ReadyAssist, which will be accessible at up to 5,500 third-party retail outlets across the country.
- September 2021: ExxonMobil launched the Mobil Super All-in-One Protection SUV Pro synthetic engine oil for SUVs.
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Asia-pacific Passenger Vehicles Lubricants Market Report Scope
By Product Type
| Engine Oils |
| Greases |
| Hydraulic Fluids |
| Transmission & Gear Oils |
By Country
| China |
| India |
| Indonesia |
| Japan |
| Malaysia |
| Philippines |
| Singapore |
| South Korea |
| Thailand |
| Vietnam |
| Rest of Asia-Pacific |
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils | |
| By Country | China |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| Philippines | |
| Singapore | |
| South Korea | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
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Key Questions Answered in the Report
How big is the Asia-pacific Passenger Vehicles Lubricants Market?
The Asia-pacific Passenger Vehicles Lubricants Market size is expected to reach 5.00 billion Liters in 2025 and grow at a CAGR of 4.81% to reach 6.32 billion Liters by 2030.
What is the current Asia-pacific Passenger Vehicles Lubricants Market size?
In 2025, the Asia-pacific Passenger Vehicles Lubricants Market size is expected to reach 5.00 billion Liters.
Who are the key players in Asia-pacific Passenger Vehicles Lubricants Market?
BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell Plc are the major companies operating in the Asia-pacific Passenger Vehicles Lubricants Market.
What years does this Asia-pacific Passenger Vehicles Lubricants Market cover, and what was the market size in 2024?
In 2024, the Asia-pacific Passenger Vehicles Lubricants Market size was estimated at 4.76 billion Liters. The report covers the Asia-pacific Passenger Vehicles Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-pacific Passenger Vehicles Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Asia-pacific Passenger Vehicles Lubricants Market Report
Statistics for the 2025 Asia-pacific Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-pacific Passenger Vehicles Lubricants analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.
