Philippines Automotive Lubricants Industry

Philippines Automotive Lubricants Market Analysis

The Philippines Automotive Lubricants Market size is estimated at 112.49 million liters in 2025, and is expected to reach 133.15 million liters by 2030, at a CAGR of 3.43% during the forecast period (2025-2030).

• Largest Segment by Vehicle Type - Commercial Vehicles : The highest lubricant consumption in the country's commercial vehicle industry is attributable to the sector's high average lubricant requirements and travel distances.
• Fastest Segment by Vehicle Type - Motorcycles : Motorcycle usage rates and sales in the Philippines are estimated to improve rapidly in 2021. As a result, motorcycles' lubricant consumption is likely to increase rapidly.
• 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 the Philippines, the demand for transmission oils may grow in the future due to the growing adoption of automatic transmissions in passenger and commercial vehicles.

Philippines Automotive Lubricants Market Trends

Largest Segment By Vehicle Type : Commercial Vehicles

• In the Philippines, the motorcycle segment accounted for the largest share of 64.57% in the total number of on-road vehicles in 2020, followed by the commercial vehicle (CV) and passenger vehicle (PV) segments with shares of 21.23% and 14.21%, respectively.
• The CV segment accounted for the largest share of 74.27% in the total lubricant consumption in 2020, followed by the motorcycle (16.16%) and PV (9.57%) segments, respectively. In 2020, the COVID-19 outbreak led to a notable dip in lubricant consumption, where PV lubricant consumption recorded the highest dip of 18%, followed by motorcycle (13.8%) and commercial vehicle (10%) consumption, respectively.
• The motorcycle segment is projected to be the fastest-growing lubricant segment, recording a CAGR of 5.58% during 2021-2026. The growth is expected to be driven by the recovery in moped and motorcycle production and sales over the short term.

Philippines Automotive Lubricants Industry Overview

The Philippines Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 79.05%. The major players in this market are BP Plc (Castrol), Chevron Corporation, Petron Corporation, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).

Philippines Automotive Lubricants Market Leaders

Philippines Automotive Lubricants Market News

• June 2021: Pilipinas Shell Petroleum Corp. extended its partnership with Isuzu Philippines Corp. till 2023. In this partnership, Shell has to supply its lubricants, fuels, and other products to Isuzu for two years.
• March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
• March 2021: Hyundai Motor Company and Royal Dutch Shell PLC announced a five-year global business cooperation agreement, with a new focus on clean energy and carbon reduction, to help Hyundai continue its transformation as a Smart Mobility Solution Provider.