China Automotive Lubricants Market Size & Outlook

The automotive lubricants market in China is expected to reach a projected revenue of US$ 31,089.9 million by 2030. A compound annual growth rate of 4.1% is expected of China automotive lubricants market from 2023 to 2030.
Revenue, 2022 (US$M)
$22,559.0
Forecast, 2030 (US$M)
$31,089.9
CAGR, 2023 - 2030
4.1%
Report Coverage
China

China automotive lubricants market, 2018-2030 (US$M)

China

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China automotive lubricants market highlights

  • The China automotive lubricants market generated a revenue of USD 22,559.0 million in 2022 and is expected to reach USD 31,089.9 million by 2030.
  • The China market is expected to grow at a CAGR of 4.1% 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.


Automotive lubricants market data book summary

Market revenue in 2022USD 22,559.0 million
Market revenue in 2030USD 31,089.9 million
Growth rate4.1% (CAGR from 2022 to 2030)
Largest segmentEngine oil
Fastest growing segmentBrake Fluids
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationGreases, Engine oil, Gear oil, Transmission Fluids, Brake Fluids, Coolants
Key market players worldwideExxon 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, China accounted for 31.3% of the global automotive lubricants market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China automotive lubricants market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 31,089.9 million by 2030.

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Automotive Lubricants Market Scope

Automotive lubricants market segmentation & scope
Gas turbine oils
Piston engine oils
Hydraulic fluids
Others
Process Oils
General Industrial Oils
Metalworking Fluids
Industrial Engine Oils
Greases
Engine oil
Hydraulic oil
Gear oil
Turbine oil
Transmission Fluids
Brake Fluids
Coolants

Automotive Lubricants Market Companies

Name Profile # Employees HQ Website

China 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 54.83% in 2022. Horizon Databook has segmented the China 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.


China is particularly a rich country in terms of presence of natural resources. The country is experiencing increasing demand for industrial goods along with automobiles within the country and from the outside. It is a home to a large chunk of population while the economy is expected to improve at a considerable rate over the future. 

The country offers availability of skilled labor at a low cost and is characterized by numerous manufacturing facilities thriving to become world’s largest exporter of all the possible goods.

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Target buyers of China automotive lubricants market databook

  • Our clientele includes a mix of automotive lubricants market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the China automotive lubricants market , including forecasts for subscribers. This country databook contains high-level insights into China automotive lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China automotive lubricants market size, by product, 2018-2030 (US$M)

China Automotive Lubricants Market Outlook Share, 2022 & 2030 (US$M)

China automotive lubricants market size, by product, 2018-2030 (US$M)

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