Iran Passenger Vehicles Lubricants Market Analysis
The Iran Passenger Vehicles Lubricants Market size is estimated at 382.78 million liters in 2025, and is expected to reach 428.87 million liters by 2030, at a CAGR of 2.3% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : In Iran, the predicted rebound in passenger vehicle imports and sales beginning in 2021 is expected to increase grease consumption at a healthy rate in near future.
Iran Passenger Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- Passenger vehicles (PVs) is the largest segment in terms of automotive lubricant consumption in Iran. During 2015-2019, the PV lubricant consumption grew at a CAGR of 3.06% primarily owing to the surge in the car popualtion of the country.
- In 2020, PVs accounted for about 67% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in the PV lubricant consumption, with a share of over 94% during the year. During 2020, PV lubricants consumption declined by 7.4% due to the lower usage of the vehicle fleet post COVID-19 outbreak.
- During 2021-2026, the greases segment is projected grow at a steady rate exhibiting a CAGR of 2.47%. This growth is likely to be driven by rise in sales of passenger cars (both new and used), and recovery in average distance travelled in the country.
Iran Passenger Vehicles Lubricants Industry Overview
The Iran Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 84.18%. 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 Passenger Vehicles Lubricants 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 Passenger Vehicles Lubricants 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.
