Spain Automotive Engine Oils Market Analysis
The Spain Automotive Engine Oils Market size is estimated at 135.31 million liters in 2025, and is expected to reach 149.98 million liters by 2030, at a CAGR of 2.08% during the forecast period (2025-2030).
- Largest Segment by Vehicle Type - Commercial Vehicles : In Spain, the large engine sizes of commercial vehicles (CV)s have led to higher engine oil volumes. Thus, CVs form the major lubricant-consuming vehicle type in the country.
- Fastest Segment by Vehicle Type - Passenger Vehicles : The increasing need to travel, adhering to social distancing norms, is likely to boost motorcycle sales since 2021, in turn, boosting engine oil consumption in Spain.
Spain Automotive Engine Oils Market Trends
Largest Segment By Vehicle Type : Commercial Vehicles
- Prior to 2020, passenger vehicles accounted for the largest share of the automotive lubricant consumption volume among all vehicle types. In Spain, the demand for automotive engine oils increased at a CAGR of 2.14% during 2015-2019.
- In 2020, the COVID-19 outbreak resulted in a major decline in the usage of the existing vehicle fleets in the country, in turn causing a drop in engine oil consumption levels at a rate of 12.50%, compared to 2019.
- During 2021-2026, engine oil consumption is estimated to grow at a lower rate of 2.15%, as compared to other product types. The primary reason for the lower growth rate is engine downsizing, which is further decreasing the average engine oil volumes. Also, an increase in service intervals in the PV and CV segments due to the rising adoption of synthetic lubricants is expected to restrain the volume growth of engine oils in the coming years.
Spain Automotive Engine Oils Industry Overview
The Spain Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 71.41%. The major players in this market are BP PLC (Castrol), CEPSA, Repsol, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Spain Automotive Engine Oils Market Leaders
BP PLC (Castrol)
CEPSA
Repsol
Royal Dutch Shell Plc
TotalEnergies
- *Disclaimer: Major Players sorted in no particular order
Spain Automotive Engine Oils Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- 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: Motul launched two engine oils, namely CLASSIC EIGHTIES 10W-40 and CLASSIC NINETIES 10W-30, for classic cars manufactured between the 1970s and 2000s.
