Global Automotive Lubricant Market 2021-2026

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    GLOBAL AUTOMOTIVE LUBRICANT MARKET

     

    INTRODUCTION

    Automotive Lubricant Market are crucial as they reduce friction between moving parts and the heat generated through that friction. Thus, increasing the average life of an engine.

     

    The lubricants also help in improving the fuel efficiency of the vehicle and reduce the temperature by absorbing the heat generated. These factors have caused the increase in demand of automotive lubricants. This has driven the automotive lubricant industry to produce lubricants at immense rate.

     

    infographic: Automotive Lubricant Market, Automotive Lubricant Market Size, Automotive Lubricant Market Trends, Automotive Lubricant Market Forecast, Automotive Lubricant Market Risks, Automotive Lubricant Market Report, Automotive Lubricant Market Share

     

    The rise in Electric Vehicle around the globe has evidently led to slight decline in the engine oil market. To know more about EV fluids Market, read our report.

     

     Lubricants required for an automobile are:

    1. Engine oil
    2. Transmission fluid
    3. Brake fluid
    4. Grease

     

     

    AUTOMOTIVE LUBRICANT MARKET SEGMENTATION

     

    Automotive Lubricant Market By Geography

    • China
    • US
    • Europe
    • India
    • ASEAN
    • ROW

     

     

    Automotive Lubricant Market By End Use

    • Aftermarket
    • OEM

     

    Automotive Lubricant Market By Base Oil

    • Synthetic
    • Semi-Synthetic
    • Bio-Based
    • Mineral Oil

     

     

    Automotive Lubricant Market By Rating

    • Single Grade
    • Multi Grade

     

     

    Automotive Lubricant Market By Vehicle Type

    • Passenger Cars
    • Commercial Vehicles
    • 2-Wheeled Vehicles

     

    AUTOMOTIVE LUBRICANT MARKET DYNAMICS

    Based on the type of lubricant used engine oil evidently holds the largest share in the market. Asia is the biggest automotive lubricant market in the automotive lubricant s. High population and highest number of two- wheelers are the major factors for this.

     

    80% of market share is held by Aftermarket sales rather than that by OEM. It will continue to follow similar trend.

     

    Based on the type of vehicle used, passenger cars drive the lubricant sales. Various factors responsible for this are high performance, fuel efficiency, need for reduced emissions from the engine, high resale value and increase the engine life.

     

    Commercial vehicles’ share edge past the 2 wheeler vehicle share in the global lubricant market. The below graphic shows the various automobiles’ share in lubricant market:

     

     

     

    Info Graphic: AUTOMOTIVE LUBRICANT MARKET

     

     

     

    AUTOMOTIVE LUBRICANT MARKET BY REGION

    US` share in the lubrication market is second biggest after Asia’s. Being one of the largest automobile markets in the world, US lubricant market is expected a steady growth in the coming years.

     

    Passenger cars and Commercial vehicles’ sales are helping the lubricant market growth in the US region. The extreme weather conditions in US have led to development of synthetic oil lubricants.

     

    In Europe, Strict emission norms have lead to rapid rise in adoption of high performance engines. Thus, positively affecting the growth of lubricants. Synthetic and Semi-synthetic oils have been dominating lubricant market in Europe.

     

    Asia is the key region in the lubricant market and holds the highest share of all the regions. China and India play crucial role in boosting the Asia’s lubricant market. Number of two and three wheelers in China, India and other South-East Asian countries such as Indonesia, Vietnam and Thailand is the major factor influencing lubricant market.

     

     

    BY TYPE OF AUTOMOTIVE LUBRICANT MARKET USED

    Based on the material used, mineral oil lubricant holds the largest market around the world. Mineral oil lubricants are economical and easily available, making it the leading lubricant among all.

     

    However, Synthetic and Semi-Synthetic oil lubricants are gaining prominence as they possess superior properties and perform at extreme weather conditions. Due to high price and high stress formed on engine after its extensive use have been holding people to use it.

     

    infographic: Automotive Lubricant Market, Automotive Lubricant Market Size, Automotive Lubricant Market Trends, Automotive Lubricant Market Forecast, Automotive Lubricant Market Risks, Automotive Lubricant Market Report, Automotive Lubricant Market Share

     

    COVID-19 IMPACT ON AUTOMOTIVE LUBRICANT MARKET

    Due to the COVID-19 the industrial sector in the country witnessed a negative impact in 2020. During the pandemic period and the government orders for a total lockdown the automobile production has been halted, and plants were temporarily shut down.

     

    Overall vehicle sales declined severely compared to the previous year by ~24% in 2020. This was largely due to the tough operating environment and restricted activity in the first half of 2020 which showed subsequent signs of recovery in the latter half.

     

    This, in turn, resulted in low demand for lubricants in 2020. The passenger car sales across the world ended at 53.6M units, a decline of 16% from 2019 which was 63.7M units. 

     

    Many companies showed tremendous ownership during the unprecedented lockdown post the outbreak of the pandemic. While most employees started working seamlessly from home, plant teams resumed operations strictly adhering to government health advisories and protocols, after a brief shutdown.

     

    Supply chain colleagues ensured product delivery despite several constraints, including dealing with natural calamities, to fulfill customer demands. The companies consistently displayed a growth mindset and lived the philosophy of customer-first. They engaged deeply with existing customers virtually and gained new ones too.

     

    The companies also supported their mechanics, truck drivers and other impacted communities around its plants. 

     

     

    AUTOMOTIVE LUBRICANT MARKET SIZE AND FORECAST

    Regular improvements in the oil quality and there has been a lot of investments in R&D sector to develop better quality synthetic and semi-synthetic oils would propel the lubricant market in the future.

     

    Even though the BEVs and PHEVs hinder the growth of lubricants, there is an opportunity for lubricant market to find its foothold in EV lubricant market. Fluids made for BEVs and PHEVs must be electrically insulating. Since there are about 4x copper content in BEVs compared to ICE vehicle, the fluids used must be copper corrosion resistant.

     

    The global automotive lubricant market is estimated at $XX Billion in 2021, growing at XX% CAGR till 2026.

     

    infographic: Automotive Lubricant Market, Automotive Lubricant Market Size, Automotive Lubricant Market Trends, Automotive Lubricant Market Forecast, Automotive Lubricant Market Risks, Automotive Lubricant Market Report, Automotive Lubricant Market Share

     

    AUTOMOTIVE LUBRICANT MARKET RECENT PARTNERSHIPS

    • Gulf Oil Lubricants India inked a pact with Piaggio Vehicles to market co-branded lubricants for commercial vehicles
    • Shell and Team Penske announced a new strategic collaboration which  aims to help to reduce the carbon footprint of the NTT IndyCar SERIES.
    • Total Specialties USA formed a new partnership with auto parts wholesaler, Mighty Distributing System (Mighty Auto Parts), a leader in automotive aftermarket products and services. 
      • The TotalEnergies range of lubricants will be available in the Mighty network and will initially focus primarily on the Quartz Ineo & Quartz 9000 sub-ranges, designed for light vehicles and which exceed the most demanding requirements for European OEMs.
    • NTN-SNR, a world leader in precision engineering, and Total Energies, a major player in the production and distribution of lubricants, are renewing their mutual commitment by signing several strategic partnerships in the mobility sector. 
    • Automotive components manufacturer Steelbird International have ventured into the automotive lubricant space. 
    • Leading U.S. lubricant manufacturers and plastic packaging manufacturers have come together to form The National Lubricant Container Recycling Coalition (NLCRC). Founding members include Castrol, Valvoline, Pennzoil – Quaker State Company, Graham Packaging, and Plastipak Packaging. 
    • ExxonMobil Lubricants signed an agreement with Nissan Motor India to supply lubricants for the passenger vehicles aftermarket business.
    • Gulf Oil has partnered with Pitstop to launch doorstep car service program in three Indian cities Mumbai, Pune and Gurugram.
    • Renault India has formed a partnership with Castrol India to exclusively supply after sales engine oil lubricants.
    • Tata Motors and Valvoline Cummins (VCPL) have launched the new segment of automobile lubricants for Tata motors vehicles under the name Tata Motors Genuine Oil.

     

     

    infographic: Automotive Lubricant Market, Automotive Lubricant Market Size, Automotive Lubricant Market Trends, Automotive Lubricant Market Forecast, Automotive Lubricant Market Risks, Automotive Lubricant Market Report, Automotive Lubricant Market Share

     

     

     

    GLOBAL AUTOMOTIVE LUBRICANT MARKET NEW ACQUISITION

     

    PPC Lubricants, a significant lubricant distributor in the Mid-Atlantic region, has been acquired by RelaDyne, one of the nation’s leading producers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial dependability services. In the lubricant, fuel, and reliability services industries, RelaDyne continues to be the Acquirer of Choice.

     

    As we continue our expansion strategy on the East Coast, the acquisition of PPC Lubricants is transformative for RelaDyne. RelaDyne is always searching for like-minded business owners, entrepreneurs, and management teams to collaborate with.

     

    PPC’s business model is extremely diversified across end markets, products, brands, and consumers, ensuring long-term stability and growth. The past is nothing short of amazing.

     

    PPC Lubricants hired tephens as their exclusive financial advisor. PPC’s portfolio, which includes its position as a leading producer and distributor of Diesel Exhaust Fluid (DEF) and its full range of natural gas solutions, preventative service, maintenance plans, and supplemental products that keep customers moving, has an immediate impact on customers’ bottom line.

     

    RelaDyne is a leading provider of lubricants, fuels, diesel exhaust fluid (DEF), and reliability services for industrial, commercial, and automotive enterprises in the United States, with headquarters in Cincinnati, Ohio.

     

    AUTOMOTIVE LUBRICANT MARKET NEW LAUNCHES

    • Shell has introduced a refreshed portfolio of Shell Naturelle biodegradable lubricants, designed to help reduce environmental impact without compromising on equipment performance.
    • To ensure the best performance and protection for Ghibli Hybrid engines, Shell and Maserati have extended their long-standing technical and commercial collaboration with the launch of the new Shell Helix Ultra Hybrid 0W-30 oil for Maserati hybrid engines. This new product will be available in Europe and Asia from official Maserati dealerships.
    • Shell announces that it will offer customers carbon neutral lubricants across a range of products for passenger cars, heavy duty diesel engines and industrial applications.  Shell will offset the emissions from a mix of advanced synthetic lubricants in these markets, including Helix and Pennzoil for passenger cars; Rimula and Rotella for heavy duty diesel engines, and a wide range of premium industry lubricants.
    • German speciality chemicals company Lanxess launched an organic lubricant additive for passenger car and high-performance engine oils.
    • Valvoline has launched a series of performance fluids for EV not only to extend battery life but also to improve overall performance.

     

    Steelbird International, a maker of automotive components, has introduced a new line of two-wheeler engine oils and lubricants. Engine oil, grease, and fork oil are among the lubricants available.

     

    Steelbird Engine Oil is divided into numerous varieties, each of which is best suited for a specific type of two-wheeler. Steelbird Engine Oils are tailored for Indian circumstances with the correct blend of oil and additives to make every ride pleasurable and hassle-free, according to Steelbird, with rigorous conformity to globally acknowledged standards of lubricants.

     

    All national and international standards were followed during the production process, and the items were thoroughly tested with a robust R&D back-up.

     

    AUTOMOTIVE LUBRICANT MARKET COMPETITIVE LANDSCAPE

    Key Players in the Global Automotive lubricant market are Royal Dutch Shell from Netherlands, Chevron Corporation and ExxonMobil from US, Total S.A. from France, Castrol from England, PetroChina Company from China, Petronas from Malaysia. Some of the companies in Indian market are HP Lubricants, Valvoline and Gulf Oil.

     

    Castrol India reported a resilient financial performance for FY 2020 as it gained good momentum in the second half with the revival of demand where revenue improved by 54% at INR 1,818 crores while profit from operations was 122% higher at INR 501 crores versus 1H 2020.

     

    infographic: Automotive Lubricant Market, Automotive Lubricant Market Size, Automotive Lubricant Market Trends, Automotive Lubricant Market Forecast, Automotive Lubricant Market Risks, Automotive Lubricant Market Report, Automotive Lubricant Market Share

     

     

    In 2020, Valvoline’s quick lube rebounded from a Q2 and Q3, expanding its footprint overall, with 1,462 total company-owned and franchise stores, an increase of 77 versus the prior year. System-wide same-store sales grew 2.3% in the FY overall, marking the 14th consecutive year of growth.

     

     

    AUTOMOTIVE LUBRICANT MARKET COMPANY PROFILE

    1. Castrol
    2. Royal Dutch Shell PLC
    3. Total
    4. PetroChina Company Ltd
    5. Chevron Corporation
    6. ExxonMobil
    7. Petronas
    8. Repsol
    9. HP Lubricants
    10. Valvoline
    11. Gulf Oil
    12. Quicksilver
    13. Motul
    14. JXTG Nippon Oil & Energy

     

    THIS AUTOMOTIVE LUBRICANT MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Automotive Lubricant Market size and Forecast, by region, by application
    2. Average B-2-B price for Automotive Lubricant Market, by region, per user
    3. Technology trends and related opportunity for new Automotive Lubricant Market tech suppliers
    4. Automotive Lubricant Market share of leading vendors, by region,
    5. Coronavirus impact on Automotive Lubricant Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix