Iran Automotive Engine Oils Market Analysis
The Iran Automotive Engine Oils Market size is estimated at 534.05 million liters in 2025, and is expected to reach 596.02 million liters by 2030, at a CAGR of 2.22% during the forecast period (2025-2030).
- Largest Segment by Vehicle Type - Passenger Vehicles : The passenger vehicle segment is the largest market for automotive engine oils in Iran due to the large active passenger vehicle parc, sales volumes, and usage activity.
- Fastest Segment by Vehicle Type - Motorcycles : Following the COVID-19 outbreak, there has been a dramatic increase in used motorcycle sales in Iran, which is likely drive engine oil consumption in the next few years.
Iran Automotive Engine Oils Market Trends
Largest Segment By Vehicle Type : Passenger Vehicles
- In Iran, engine oils accounted for about 93% of overall automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of over 2.5%. The growing active vehicle fleet in the country was the key driver for this trend.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to 7.28% dip in engine oil consumption. Passenger vehicle (PV) segment recorded the largest decline of 7.65% in engine oil consumption during the year, over 2019.
- During 2021-2026, the motorcycles segment is expected to register highest growth of 3.41% in the engine oil consumption, followed by PV segment (2.34%). The growth in motorcycles segment is likely to be driven by strong demand for mopeds and motorcycles in the country over the next five years.
Iran Automotive Engine Oils Industry Overview
The Iran Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 83.46%. The major players in this market are Behran Oil Company, Iranol Oil Company, Pardis Engine Oil Company, Pars Oil Company and Sepahan Oil Company (sorted alphabetically).
Iran Automotive Engine Oils Market Leaders
Behran Oil Company
Iranol Oil Company
Pardis Engine Oil Company
Pars Oil Company
Sepahan Oil Company
- *Disclaimer: Major Players sorted in no particular order
Iran Automotive Engine Oils Market News
- January 2021: All of Iranol's products would be available on the Iran Mercantile Exchange and Iran Energy Exchange, resulting in greater financial transparency for the company and a significant contribution to the country's financial stability.
- August 2020: Iranol Oil Co. unveiled its latest product, Euro Diesel, that is designed for use in large diesel engines and meets the Euro 5 emission standard or below.
- February 2019: Iranol Oil Co. introduced MOTORO motorcycle engine oil developed to protect the integrated combination of engine and gearbox found in a variety of 4-stroke engine motorcycles.
