Asia Pacific Automotive Lubricants Market Size & Outlook
Asia Pacific automotive lubricants market, 2018-2030 (US$M)
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Asia Pacific automotive lubricants market highlights
- The Asia Pacific automotive lubricants market generated a revenue of USD 41,199.4 million in 2022.
- The market is expected to grow at a CAGR of 3.8% from 2023 to 2030.
- In terms of segment, engine oil was the largest revenue generating product in 2022.
- Brake Fluids is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 41,199.4 million |
| Market revenue in 2030 | USD 55,611.9 million |
| Growth rate | 3.8% (CAGR from 2022 to 2030) |
| Largest segment | Engine oil |
| Fastest growing segment | Brake Fluids |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Greases, Engine oil, Gear oil, Transmission Fluids, Brake Fluids, Coolants |
| Key market players worldwide | Exxon Mobil Corp, BP Castrol KK, Shell PLC, Repsol SA, Sasol, Cepsa, Fuchs SE Registered Shares, LUKOIL, Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Phillips 66 |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 57.2% of the global automotive lubricants market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 55,611.9 million by 2030.
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Automotive Lubricants Market Scope
Automotive Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific automotive lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lubricants market will help companies and investors design strategic landscapes.
Engine oil was the largest segment with a revenue share of 55.15% in 2022. Horizon Databook has segmented the Asia Pacific automotive lubricants market based on greases, engine oil, gear oil, transmission fluids, brake fluids, coolants covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific automotive industry is anticipated to witness high growth rate over the forecast period owing to rapidly economic development, mega construction projects and introduction of various favorable policies by the Government such as 100% FDI and “Smart Cities”. Growing demand for high performance luxurious passenger cars has attracted heavy investments from international auto players. Besides this, major industry players are also shifting their production facilities to highly lucrative Asia Pacific market owing to the presence of low-cost labor, ever-increasing demand and favorable government policies.
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Target buyers of Asia Pacific automotive lubricants market databook
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Our clientele includes a mix of automotive lubricants market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automotive lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific Automotive Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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