Spain Passenger Vehicles Lubricants Industry

Spain Passenger Vehicles Lubricants Market Analysis

The Spain Passenger Vehicles Lubricants Market size is estimated at 85.30 million liters in 2025, and is expected to reach 94.82 million liters by 2030, at a CAGR of 2.14% 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 low drain intervals. It is used for high-temperature and high-pressure applications.
• Fastest Segment by Product Type - Hydraulic Fluids : In Spain, the increasing trade activities and the expected recovery in passenger vehicle sales are likely to drive the demand for hydraulic fluids during the forecast period.

Spain Passenger Vehicles Lubricants Market Trends

Largest Segment By Product Type : Engine Oils

• The share of the passenger vehicles (PVs) segment in the overall automotive lubricant consumption increased from 45.5% in 2015 to 47.4% in 2019. The PV lubricants segment exhibited a CAGR of 3.53% during 2015-2019 due to the gradual growth in the active vehicle parc and vehicle service requirements.
• Due to the lockdown imposed to curb the spread of COVID-19, the consumption of PV lubricants dropped by 18.82% in 2020. The volume share of the PV segment in the automotive lubricants market declined by nearly 3% in 2020, as compared to 2019.
• In 2021, the Spanish Prime Minister announced an aid package worth USD 4.2 billion for the hard-hit auto industry to promote the production and sales of cleaner cars. This factor, along with the expected recovery in the sales of new and used cars, is projected to drive PV lubricant consumption at a CAGR of 2.18% during 2021-2026.

Spain Passenger Vehicles Lubricants Industry Overview

The Spain Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 81.69%. The major players in this market are BP PLC (Castrol), CEPSA, ExxonMobil Corporation, Repsol and Royal Dutch Shell Plc (sorted alphabetically).

Spain Passenger Vehicles Lubricants Market Leaders

Spain Passenger Vehicles Lubricants Market News

• June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.
• April 2021: Texaco Lubricants introduced three new engine oils within the successful Texaco Havoline ProDS range, each with manufacturer approvals. The oils have been designed to provide enhanced wear protection even with a lubricant layer of 2 microns.
• April 2021: FUCHS Lubricants unveiled TITAN GT1 FLEX C23 SAE 5W-30, a new high-performance engine oil for use in passenger cars and vans.