China Automotive Engine Oils Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

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

Home right-chevron-icon Industry Reports right-chevron-icon Chemicals & Materials right-chevron-icon Specialty & Fine Chemicals right-chevron-icon China Automotive Engine Oils Market

China Automotive Engine Oils Market Size

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2015 - 2026
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Largest Share by Vehicle Type: Passenger Vehicles
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Fastest Growing by Vehicle Type: Passenger Vehicles
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 5.04 %

Major Players
major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

China Automotive Engine Oils Market Analysis

The China Automotive Engine Oils Market stood at 3.08 billion liters in 2021 and is projected to register a CAGR of 5.04% to reach 3.94 billion liters in 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 Industry Segmentation

By Vehicle Type
Commercial Vehicles
Motorcycles
Passenger Vehicles

Report scope can be customized per your requirements. Click here.

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 : Passenger Vehicles

  • 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.
rd-img

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

rd-img

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

List of Tables & Figures

    Figure 1:  

    VEHICLE POPULATION, NUMBER OF UNITS, CHINA, 2015 - 2026

    Figure 2:  

    COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, CHINA, 2015 - 2026

    Figure 3:  

    MOTORCYCLES POPULATION, NUMBER OF UNITS, CHINA, 2015 - 2026

    Figure 4:  

    PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, CHINA, 2015 - 2026

    Figure 5:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, BY VEHICLE TYPE, 2015-2026

    Figure 6:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET, VOLUME SHARE (%), BY VEHICLE TYPE, 2020

    Figure 7:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, COMMERCIAL VEHICLES, 2015-2026

    Figure 8:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET, COMMERCIAL VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 9:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, MOTORCYCLES, 2015-2026

    Figure 10:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET, MOTORCYCLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 11:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET, VOLUME IN LITERS, PASSENGER VEHICLES, 2015-2026

    Figure 12:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET, PASSENGER VEHICLES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020

    Figure 13:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET, VOLUME SHARE (%), BY PRODUCT GRADE, 2020

    Figure 14:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 15:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 16:  

    CHINA AUTOMOTIVE ENGINE OILS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

Market Definition

  • Vehicle Types - Passenger Vehicles, Commercial Vehicles and Motorcycles are considered under the automotive engine oils market.​
  • Product Types - For the purpose of this study, engine oils are taken into consideration.
  • Service Refill - Service/maintenance refill is considered while accounting the engine oil consumption for each vehicle type, under the study.​
  • Factory Fill - First lubricant fill-ups for newly produced vehicles are considered under the study.

For any queries related to market definition, click here to schedule a call with our analysts.

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

For any queries related to research methodology, click here to schedule a call with our analysts.

close-icon
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!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.
card-img
03. Exhaustive Data
Tracking a million data points on the lubricants industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the lubricants industry.

China Automotive Engine Oils Market Research FAQs

The China Automotive Engine Oils Market is studied from 2015 - 2026.

The China Automotive Engine Oils Market is growing at a CAGR of 5.04% over the next 5 years.

Passenger Vehicles is growing at the highest CAGR over 2015 - 2026.

Passenger Vehicles holds highest share in 2020.

BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc are the major companies operating in China Automotive Engine Oils Market.

China Automotive Engine Oils Industry Report

Statistics for the 2023 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.