Report : Automotive Lubricants Market Report: Size, Share and Outlook by 2031
The scope of our recent study on the "Automotive Lubricants Market Forecast to 2031 - Global Analysis - by type, product type, and vehicle type " includes the factors fueling the automotive lubricants market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.
The automotive lubricants market size is projected to reach US$ 122.93 billion by 2031 from US$ 86.15 billion in 2024. The market is expected to register a CAGR of 5.4% during 2025-2031.
In the US, the National Highway Traffic Safety Administration's (NHTSA) June 2024 Corporate Average Fuel Economy (CAFE) rule mandates a fleet-average of ~50.4 mpg by model year 2031. The EPA's Multi-Pollutant Emissions Standards, finalized in March 2024, require light-duty vehicles to cut CO? emissions to 85 grams per mile by 2032 and impose stricter limits on other criteria pollutants. Virtually identical pressure exists worldwide: the EU's 2035 de facto Internal Combustion Engine (ICE) phase-out with interim CO? reductions, China's dual-credit New Energy Vehicle+ fuel-consumption regime, and Japan's aggressive 0W-8/0W-12 specifications for hybrids. To extract the required 1-3% real-world fuel-economy gains from remaining ICE and hybrid powertrains, OEMs have shifted factory-fill engine oils to ultra-low viscosities. Society of Automotive Engineers (SAE) 0W-20 now dominates North America and Europe, 0W-16 is standard in most new Japanese platforms, and 0W-12/0W-8 grades are expanding rapidly. These ultra-thin oils demand higher proportions of premium synthetic base stocks (Group IV Polyalphaolefin (PAO), Group V esters, alkylated naphthalenes) and sophisticated low-sulphated ash, phosphorus, and sulfur additive packages to maintain wear protection, seal compatibility, and oxidation stability.
The result is rapid premiumization of the passenger-car motor oil segment. Full-synthetic and synthetic-blend products are displacing conventional mineral oils even in price-sensitive markets. Electrified vehicles [Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)] are creating entirely new high-value lubricant categories-e-axle fluids, immersion-cooling dielectrics, and thermally conductive greases-that require higher performance than the best engine oils.
These interlocking global regulations are structurally upgrading lubricant specifications across all powertrain types, driving double-digit growth in synthetic base-oil consumption, lifting average selling prices, and expanding the addressable market through new electric-vehicle fluids. Through 2035, regulatory pressure will remain the dominant force pushing the automotive lubricant industry toward higher technology, higher margins, and sustained volume growth despite shrinking ICE populations.
While electric vehicles (EVs) eliminate traditional engine lubrication needs-reducing overall fluid volumes by up to 80%-they introduce critical requirements for e-drive components, including electric motors, reduction gears, inverters, batteries, and thermal management systems. According to the International Energy Agency's Global EV Outlook 2025, EV sales are projected to exceed 20 million units in 2025 (24% of global new car sales), surging to over 40% market share by 2030, with the fleet reaching 250 million vehicles across modes. This trajectory, fueled by affordability gains and policy momentum, will displace 5.3 million barrels of oil daily by 2030 while amplifying demand for premium lubricants.
The automotive lubricants market analysis has been performed by considering the following segments: type, product type, and vehicle type. By type, the automotive lubricants market is segmented into mineral oil, synthetic oil, and bio-based oil. The mineral oil segment accounted for the largest market share in 2024. Based on product type, the market is classified into engine oil, hydraulic oil, gear oil, grease, and others. The engine oil segment accounted for the largest market share in 2024. On the basis of vehicle type, the market is categorized into passenger cars, light commercial vehicles, heavy commercial vehicles, and others. The light commercial vehicles segment accounted for the largest market share in 2024. Serving a critical role in urban logistics, delivery services, and small-scale commercial transport, the light commercial vehicle segment demands lubricants that balance performance with operational economy. These engines typically endure more frequent start-stop cycles and carry heavier loads than passenger cars, necessitating robust oils that effectively control soot and prevent viscosity breakdown.
The automotive lubricants market forecast can help stakeholders plan their growth strategies. China Petroleum & Chemical Corp (Sinopec), Exxon Mobil Corp, BP Plc, Shell plc, Chevron Corp, TotalEnergies SE, Valvoline Inc, Gulf Oil International, Idemitsu Kosan Co Ltd, and China National Petroleum Corporation (CNPC) are among the prominent players profiled in the automotive lubricants market report. These players are focusing on providing high-quality products to fulfill customer demand. They are adopting new product launches, capacity expansions, partnerships, and collaborations to stay competitive in the automotive lubricants market.
The report includes the segmentation of the global automotive lubricants market as follows:
The geographical scope of the automotive lubricants market report focuses on North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The market in North America is segmented into the US, Canada, and Mexico. The market in Europe is divided into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in Asia Pacific is categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The market in South & Central America is classified into Brazil, Argentina, and the Rest of South & Central America.
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