China Automotive Engine Oils Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026

The China Automotive Engine Oils Market is segmented by Vehicle Type ( Commercial Vehicles, Motorcycles, Passenger Vehicles ) and by Product Grade

China Automotive Engine Oils Market Size

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
View Global Report
China Automotive Engine Oils Market
Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 3.59 Billion Liters
Market Volume (2026) 3.94 Billion Liters
CAGR (2024 - 2026) 4.76 %
Market Concentration High
setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

China Automotive Engine Oils Market Analysis

The China Automotive Engine Oils Market size is estimated at 3.59 Billion Liters in 2024, and is expected to reach 3.94 Billion Liters by 2026, growing at a CAGR of 4.76% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Passenger Vehicles : Large active vehicle fleet, higher average travel rates, and growing sales of SUVs are the factors projected to drive engine oil's demand from the passenger vehicle sector.
  • Fastest Segment by Vehicle Type - Passenger Vehicles : As China's social distancing restrictions are gradually lifted, the usage of passenger vehicles is increasing, resulting in higher engine oil consumption from the sector.

China Automotive Engine Oils Market Trends

This section covers the major market trends shaping the China Automotive Engine Oils Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Passenger Vehicles</span>

  • In China, engine oils account for the major share of automotive lubricants. During 2015-2019, engine oil consumption in China recorded a CAGR of over 5%. The rise in vehicle population and sales have been the major factors driving automotive engine oil consumption in the country.
  • In 2020, the COVID-19 outbreak resulted in a massive decline in the usage rate of the existing vehicle fleets in the country, which led to only a 2% growth in engine oil consumption. Also, the country has been registering a Y-o-Y dip in engine oil consumption with rising electric vehicles share on the back of government incentives.
  • Over the forecast period, the passenger vehicle segment is expected to register the highest CAGR of about 5.45% in engine oil consumption, followed by commercial vehicles (4.87%) and motorcycles (1.77%), respectively.
China Automotive Engine Oils Market

China Automotive Engine Oils Industry Overview

The China Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 72.43%. 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).

China Automotive Engine Oils Market Leaders

  1. BP PLC (Castrol)

  2. China National Petroleum Corporation

  3. China Petroleum & Chemical Corporation

  4. ExxonMobil Corporation

  5. Royal Dutch Shell Plc

*Disclaimer: Major Players sorted in no particular order

China Automotive Engine Oils Market
Need More Details on Market Players and Competitors?
Download PDF

China Automotive Engine Oils Market News

  • January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
  • July 2021: TotalEnergies unveiled a new product (hybrid transmission fluid), which is specially made for Great Wall Motors to use in hybrid technology vehicles for high efficiency and high performance.
  • May 2021: Jiangsu Lopal Tech Co. Ltd launched two new National VI lubricants, especially for Volkswagen's high-end gasoline engines and long-range diesel engines.

China Automotive Engine Oils Market Report - 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 Grade

  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 ExxonMobil Corporation

      6. 5.3.6 Jiangsu Lopal Tech Co. Ltd

      7. 5.3.7 Qingdao COPTON Technology Co. Ltd

      8. 5.3.8 Royal Dutch Shell Plc

      9. 5.3.9 Tongyi Petrochemical Co. Ltd

      10. 5.3.10 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

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

China Automotive Engine Oils Industry Segmentation

By Vehicle Type
Commercial Vehicles
Motorcycles
Passenger Vehicles
Need A Different Region Or Segment?
Customize Now

China Automotive Engine Oils Market Research FAQs

The China Automotive Engine Oils Market size is expected to reach 3.59 billion Liters in 2024 and grow at a CAGR of 4.76% to reach 3.94 billion Liters by 2026.

In 2024, the China Automotive Engine Oils Market size is expected to reach 3.59 billion Liters.

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 China Automotive Engine Oils Market.

In the China Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.

In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the China Automotive Engine Oils Market.

In 2023, the China Automotive Engine Oils Market size was estimated at 3.42 billion Liters. The report covers the China Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Automotive Engine Oils Market size for years: 2024, 2025 and 2026.

China Automotive Engine Oils Industry Report

Statistics for the 2024 China Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Automotive Engine Oils analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

China Automotive Engine Oils Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026