China Lubricants Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2027

The China Lubricants Market is segmented by End User ( Automotive, Heavy Equipment, Metallurgy & Metalworking, Power Generation ) and by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission & Gear Oils )

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Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2015 - 2027
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User: Automotive
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User: Heavy Equipment
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: NaN %

Key Players

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Market Overview

The China Lubricants Market stood at 10.25 billion liters in 2022 and is projected to register a CAGR of NaN% to reach NaN liters in 2027.

  • 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 - Heavy Equipment : 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 - Greases : 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.

Scope of the Report

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

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Key Market Trends

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.

Competitive Landscape

The China Lubricants Market is moderately consolidated, with the top five companies occupying 60.60%. 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

  • 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.

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 Manufacturing Industry Trends

    3. 3.3 Power Generation Industry Trends

    4. 3.4 Regulatory Framework

    5. 3.5 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By End User

      1. 4.1.1 Automotive

      2. 4.1.2 Heavy Equipment

      3. 4.1.3 Metallurgy & Metalworking

      4. 4.1.4 Power Generation

      5. 4.1.5 Other End-user Industries

    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 Metalworking Fluids

      5. 4.2.5 Transmission & Gear Oils

      6. 4.2.6 Other Product Types

  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 China National Petroleum Corporation

      3. 5.3.3 China Petroleum & Chemical Corporation

      4. 5.3.4 ExxonMobil Corporation

      5. 5.3.5 FUCHS

      6. 5.3.6 Jiangsu Gaoke Petrochemical Co. Ltd

      7. 5.3.7 JIANGSU LOPAL TECH CO. LTD

      8. 5.3.8 Qingdao COPTON Technology Co. Ltd

      9. 5.3.9 Royal Dutch Shell Plc

      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:  

    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 - 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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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.

Frequently Asked Questions

The China Lubricants Market market is studied from 2015 - 2027.

The China Lubricants Market stood at 10.25 billion liters in 2022 and is projected to register a CAGR of NaN% to reach NaN liters in 2027.

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.

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.

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.

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.

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