China Lubricants Industry Overview
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Study Period: | 2015 - 2026 |
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Largest Share by End User: | Automotive |
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Fastest Growing by End User: | Power Generation |
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CAGR: | 4.76 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China Lubricants Market Analysis
The China Lubricants Market stood at 9.74 billion liters in 2021 and is projected to register a CAGR of 4.76% to reach 12.29 billion liters in 2026.
- Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment in China, owing to the higher amount of engine oil and transmission oil used in vehicles compared to industrial applications.
- Fastest Segment by End-user Industry - Power Generation : Power generation is forecast to be the fastest-growing end user of lubricants in China due to the rising use of natural gas reactors and wind turbines for energy generation.
- Largest Segment by Product Type - Engine Oils : Due to the high volume of engine oil and high replacement frequency required to lubricate vehicle engines, engine oil is the most consumed product type in China.
- Fastest Segment by Product Type - Transmission & Gear Oils : As China expects an increase in the usage of industrial machinery & electric cars, transmission & gear oils are predicted to rise faster than any other product type.
China Lubricants Industry Segments
| By End User | |
| Automotive | |
| Heavy Equipment | |
| Metallurgy & Metalworking | |
| Power Generation | |
| Other End-user Industries |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Metalworking Fluids | |
| Transmission & Gear Oils | |
| Other Product Types |
China Lubricants Market Trends
This section covers the major market trends shaping the China Lubricants Market according to our research experts:
Largest Segment By End User : Automotive
- In 2020, the Chinese lubricant market was dominated by the automotive industry, which accounted for around 40% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased by around 30% due to the expanding vehicle fleet.
- Despite COVID-19-related restrictions in 2019 and 2020, several industries witnessed a positive growth in their lubricant consumption. The highest growth was observed in the power generation industry, which recorded a growth of 9.48%, followed by heavy equipment (2.19%) during the year.
- Power generation is likely to be the fastest-growing end-user industry in the market studied, with a CAGR of 6.87%, during 2021-2026, followed by automotive (5.41%). The expanding power generation capacity in the country is likely to drive the consumption of lubricants in the sector in the coming years.
To understand key trends, Download Sample Report
China Lubricants Market Competitor Analysis
The China Lubricants Market is fairly consolidated, with the top five companies occupying 65.05%. 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 Lubricants Market Top Players
BP Plc (Castrol)
China National Petroleum Corporation
China Petroleum & Chemical Corporation
ExxonMobil Corporation
Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
China Lubricants Market Recent Developments
- May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.
- March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines – ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
China Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1. Study Assumptions & Market Definition
2.2. Scope of the Study
2.3. Research Methodology
3. Key Industry Trends
3.1. Automotive Industry Trends
3.2. Manufacturing Industry Trends
3.3. Power Generation Industry Trends
3.4. Regulatory Framework
3.5. Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1. By End User
4.1.1. Automotive
4.1.2. Heavy Equipment
4.1.3. Metallurgy & Metalworking
4.1.4. Power Generation
4.1.5. Other End-user Industries
4.2. By Product Type
4.2.1. Engine Oils
4.2.2. Greases
4.2.3. Hydraulic Fluids
4.2.4. Metalworking Fluids
4.2.5. Transmission & Gear Oils
4.2.6. Other Product Types
5. Competitive Landscape
5.1. Key Strategic Moves
5.2. Market Share Analysis
5.3. Company Profiles
5.3.1. BP Plc (Castrol)
5.3.2. China National Petroleum Corporation
5.3.3. China Petroleum & Chemical Corporation
5.3.4. ExxonMobil Corporation
5.3.5. FUCHS
5.3.6. Jiangsu Gaoke Petrochemical Co. Ltd
5.3.7. JIANGSU LOPAL TECH CO. LTD
5.3.8. Qingdao COPTON Technology Co. Ltd
5.3.9. Royal Dutch Shell Plc
5.3.10. TotalEnergies
6. Appendix
6.1. Appendix-1 References
6.2. Appendix-2 List of Tables & Figures
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:
MANUFACTURING VALUE ADDED, USD BILLION (CURRENT VALUE), CHINA, 2015 - 2020
Figure 6:
POWER GENERATION CAPACITY, GIGAWATT (GW), CHINA, 2015 - 2020
Figure 7:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, BY END USER, 2015-2026
Figure 8:
CHINA LUBRICANTS MARKET, VOLUME SHARE (%), BY END USER, 2020
Figure 9:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, AUTOMOTIVE, 2015-2026
Figure 10:
CHINA LUBRICANTS MARKET, AUTOMOTIVE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 11:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, HEAVY EQUIPMENT, 2015-2026
Figure 12:
CHINA LUBRICANTS MARKET, HEAVY EQUIPMENT, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 13:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, METALLURGY & METALWORKING, 2015-2026
Figure 14:
CHINA LUBRICANTS MARKET, METALLURGY & METALWORKING, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 15:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, POWER GENERATION, 2015-2026
Figure 16:
CHINA LUBRICANTS MARKET, POWER GENERATION, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 17:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER END-USER INDUSTRIES, 2015-2026
Figure 18:
CHINA LUBRICANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 19:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026
Figure 20:
CHINA LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
Figure 21:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026
Figure 22:
CHINA LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY END USER, 2020
Figure 23:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026
Figure 24:
CHINA LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY END USER, 2020
Figure 25:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026
Figure 26:
CHINA LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY END USER, 2020
Figure 27:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, METALWORKING FLUIDS, 2015-2026
Figure 28:
CHINA LUBRICANTS MARKET, METALWORKING FLUIDS, VOLUME SHARE (%), BY END USER, 2020
Figure 29:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION & GEAR OILS, 2015-2026
Figure 30:
CHINA LUBRICANTS MARKET, TRANSMISSION & GEAR OILS, VOLUME SHARE (%), BY END USER, 2020
Figure 31:
CHINA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER PRODUCT TYPES, 2015-2026
Figure 32:
CHINA LUBRICANTS MARKET, OTHER PRODUCT TYPES, VOLUME SHARE (%), BY END USER, 2020
Figure 33:
CHINA LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
Figure 34:
CHINA LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
Figure 35:
CHINA LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020
Market Definition
- Vehicle Types and Industrial Equipment - Automotive (Passenger Vehicles, Commercial Vehicles and Motorcycles), Power Generation, Heavy Equipment, Metallurgy & Metalworking and Other End-user Industries (Marine, Aviation etc.) are considered under the lubricants market.
- Product Types - For the purpose of this study, lubricant products such as engine oils, transmission & gear oils, hydraulic fluids, metalworking fluids, and greases are taken into consideration.
- Service Refill - Service/maintenance refill is considered while accounting the lubricant consumption for each of the vehicle and equipment, under the study.
- Factory Fill - First lubricant fill-ups for newly produced vehicles and industrial equipment are considered under the study.
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
