China Automotive Lubricants Market Analysis
The China Automotive Lubricants Market size is estimated at 4.94 billion liters in 2025, and is expected to reach 6.30 billion liters by 2030, at a CAGR of 4.97% during the forecast period (2025-2030).
- Largest Segment by Vehicle Type - Passenger Vehicles : China has the highest proportion of active passenger vehicle population, which has resulted in the highest level of lubricant consumption in the passenger vehicle sector.
- Fastest Segment by Vehicle Type - Passenger Vehicles : During the forecast period, China's expected rebound in business activities, as well as sales and production of passenger vehicles, is expected to drive lubricant demand.
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their high volume requirements and short drain intervals, as they are used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : In China, demand for transmission oils is expected to grow during the forecast period due to rising electric vehicle sales and increasing adoption of automatic transmissions.
China Automotive Lubricants Market Trends
Largest Segment By Vehicle Type : Passenger Vehicles
- In China, the passenger vehicles segment accounted for a share of 58.84% in the total number of on-road vehicles in 2020, followed by the motorcycles and commercial vehicles segments, with 34.86% and 6.30% shares, respectively.
- In 2020, the passenger vehicles (PVs) segment accounted for the highest share of 64.1%, in terms of lubricant consumption. The dip in sales and the usage of the existing PV fleet due to COVID-19 restrictions led to a decline in lubricant consumption during the year.
- Among all vehicle types, the passenger vehicles segment is likely to be the fastest-growing segment at a CAGR of 5.80%, in terms of lubricant consumption, during 2021-2026. During this period, PV engine oil consumption is likely to grow at a slower pace compared to other lubricants, owing to the rising sales of electric vehicles on the back of incentives offered in the country.
China Automotive Lubricants Industry Overview
The China Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 72.53%. The major players in this market are BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell Plc (sorted alphabetically).
China Automotive Lubricants Market Leaders
BP PLC (Castrol)
China National Petroleum Corporation
China Petroleum & Chemical Corporation
ExxonMobil Corporation
Royal Dutch Shell Plc
- *Disclaimer: Major Players sorted in no particular order
China Automotive Lubricants 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.
- July 2021: TotalEnergies unveiled a new product (hybrid transmission fluid), which is specially made for Great Wall Motors to use in hybrid technology vehicles for high efficiency and high performance.
- May 2021: Jiangsu Lopal Tech Co. Ltd launched two new National VI lubricants, especially for Volkswagen's high-end gasoline engines and long-range diesel engines.
