Poland Lubricants Market

Poland Lubricants Market Analysis

The Poland Lubricants Market is expected to register a CAGR of less than 3% during the forecast period.

• COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
• The rising automotive sector is expected to fuel market expansion over the projection period. On the other hand, the increasing penetration of electric vehicles is likely to hamper the market growth.
• The engine oil product type dominated the market and is expected to continue its dominance during the forecast period.

Poland Lubricants Market Trends

Rising Automotive Industry

• Lubricants are used extensively in the automotive sector to protect the gear teeth from breakage due to friction and ensure the smooth and efficient functioning of the vehicle.
• Engine designs are continually improved to enhance performance, increase efficiency, and meet environmental emission regulations.
• With the rising enactment of stringent environmental, fuel-efficiency, and emission norms, manufacturers are focusing on developing eco-friendly and improved lubricants (with long service life) designed specifically for heavy-duty vehicles. This is boosting the demand for and the usage of high-performance lubricants.
• Engine oils, gear oils, transmission oils, greases, and compressor oils are the most widely used lubricants in Light-duty vehicles, including two-wheelers and passenger cars.
• According to the latest data published by Polish Automotive Industry Association, Poland witnessed an increase in the number of motor vehicles registered. For instance, 8,699 passenger cars were registered in ten days of January 2023, representing an increase of 48% compared to the same period in 2022.
• Thus, owing to all the aforementioned factors, the automotive sector will likely increase the demand for lubricants in Poland during the forecast period.

Engine Oil Segment to Dominate the Market

• Engine oils are widely used for lubricating internal combustion engines in different types of automobiles. They are generally composed of base oils and additives.
• The base stock is either made using petroleum, synthetic chemicals, or both. The base stock is responsible for lubricating the engine's moving parts and removing the excess built-up heat.
• Various additives added in engine oils include oxidation inhibitor additives, dispersant additives, detergent additives, anti-foaming additives, viscosity index modifiers, anti-wear additives, corrosion inhibitor additives, and anti-freeze additives. It controls the oil viscosity and lubricity and protects the engine parts against wear and tear.
• Some of the major functions offered by engine oils are resistance against corrosion and wear and tear to ensure increased engine life and better performance; reduction of friction; increased engine performance; reduction of fuel consumption; removal of impurities and achieve engine cleanliness; optimize engine efficiency; and prevent energy loss by providing optimum cooling.
• The country witnessed a gradual increase in the number of on-road vehicles, including passenger, commercial vehicles, and motorcycles, registering a CAGR of 1.8 % for 2021-2026. Thus increasing the demand for engine oils in the country.
• Thus, owing to all the aforementioned factors, the engine oil segment is projected to dominate the lubricants market in Poland throughout the forecast period.

Poland Lubricants Industry Overview

The Poland Lubricants Market is consolidated in nature. Some of the major players in the market include BP Plc (Castrol), TotalEnergies, ExxonMobil Corporation, FUCHS, and Shell plc, among others (in no particular order).

Poland Lubricants Market Leaders

Poland 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.
• June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. This partnership includes developing and innovating lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.