Asia-pacific Commercial Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2025 - 2030)

The Asia-pacific Commercial Vehicles Lubricants Market is segmented by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils ) and by Country ( China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand, Vietnam )

Asia-pacific Commercial Vehicles Lubricants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2025 - 2030)

APAC Commercial Vehicles Lubricants Market Size

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Asia-pacific Commercial Vehicles Lubricants Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 3.59 Billion Liters
Market Volume (2030) 4.40 Billion Liters
CAGR 4.12 %
Market Concentration High

Compare market size and growth of Asia-pacific Commercial Vehicles Lubricants Market with other markets in Chemicals & Materials Industry

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APAC Commercial Vehicles Lubricants Market Analysis

The Asia-pacific Commercial Vehicles Lubricants Market size is estimated at 3.59 billion liters in 2025, and is expected to reach 4.40 billion liters by 2030, at a CAGR of 4.12% 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 - Transmission & Gear Oils : The expected recovery of commercial truck production from 2021 and the growing adoption of automatic transmission are likely to boost the demand for transmission oils.
  • Largest Country Market - China : The high lubricant consumption in China can be attributed to the vehicle fleet in the country and the growing average age of the vehicles that need high lubricant usage.
  • Fastest Growing Country Market - India : In India, sales growth of light and heavy trucks, supported by the increasing travel rate, is projected to augment the demand for lubricants in this sector at a high rate.

APAC Commercial Vehicles Lubricants Industry Overview

The Asia-pacific Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 45.94%. 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).

APAC Commercial Vehicles Lubricants Market Leaders

  1. BP PLC (Castrol)

  2. China National Petroleum Corporation

  3. China Petroleum & Chemical Corporation

  4. ExxonMobil Corporation

  5. Royal Dutch Shell Plc

  6. *Disclaimer: Major Players sorted in no particular order
Asia-pacific Commercial Vehicles Lubricants Market Concentration
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APAC Commercial Vehicles 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.
  • September 2021: Shell partnered with ReadyAssist, a Bengaluru-based 24-hour roadside assistance firm, to provide a seamless oil changing service across the country. Customers can get a free lube change for their vehicles when they buy Shell lubricants through ReadyAssist, which will be accessible at up to 5,500 third-party retail outlets across the country.
  • September 2021: ExxonMobil Asia Pacific Pte Ltd established the MobilSM Fleet Care (MFC) program for its lubricant clients, which provides fleet owners and operators with a holistic picture of their fleet's operating performance.

APAC Commercial Vehicles Lubricants Market Report - Table of Contents

1. Executive Summary & Key Findings

2. Introduction

  • 2.1 Study Assumptions & Market Definition
  • 2.2 Scope of the Study
  • 2.3 Research Methodology

3. Key Industry Trends

  • 3.1 Automotive Industry Trends
  • 3.2 Regulatory Framework
  • 3.3 Value Chain & Distribution Channel Analysis

4. Market Segmentation

  • 4.1 By Product Type
    • 4.1.1 Engine Oils
    • 4.1.2 Greases
    • 4.1.3 Hydraulic Fluids
    • 4.1.4 Transmission & Gear Oils
  • 4.2 By Country
    • 4.2.1 China
    • 4.2.2 India
    • 4.2.3 Indonesia
    • 4.2.4 Japan
    • 4.2.5 Malaysia
    • 4.2.6 Philippines
    • 4.2.7 Singapore
    • 4.2.8 South Korea
    • 4.2.9 Thailand
    • 4.2.10 Vietnam
    • 4.2.11 Rest of Asia-Pacific

5. Competitive Landscape

  • 5.1 Key Strategic Moves
  • 5.2 Market Share Analysis
  • 5.3 Company Profiles
    • 5.3.1 BP PLC (Castrol)
    • 5.3.2 Chevron Corporation
    • 5.3.3 China National Petroleum Corporation
    • 5.3.4 China Petroleum & Chemical Corporation
    • 5.3.5 ENEOS Corporation
    • 5.3.6 ExxonMobil Corporation
    • 5.3.7 Indian Oil Corporation Limited
    • 5.3.8 PT Pertamina
    • 5.3.9 PTT Lubricants
    • 5.3.10 Royal Dutch Shell Plc
    • 5.3.11 TotalEnergies
  • *List Not Exhaustive

6. Appendix

  • 6.1 Appendix-1 References
  • 6.2 Appendix-2 List of Tables & Figures

7. Key Strategic Questions for Lubricants CEOs

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APAC Commercial Vehicles Lubricants Industry Segmentation

By Product Type Engine Oils
Greases
Hydraulic Fluids
Transmission & Gear Oils
By Country China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
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APAC Commercial Vehicles Lubricants Market Research FAQs

How big is the Asia-pacific Commercial Vehicles Lubricants Market?

The Asia-pacific Commercial Vehicles Lubricants Market size is expected to reach 3.59 billion Liters in 2025 and grow at a CAGR of 4.12% to reach 4.40 billion Liters by 2030.

What is the current Asia-pacific Commercial Vehicles Lubricants Market size?

In 2025, the Asia-pacific Commercial Vehicles Lubricants Market size is expected to reach 3.59 billion Liters.

Who are the key players in Asia-pacific Commercial Vehicles Lubricants Market?

BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell Plc are the major companies operating in the Asia-pacific Commercial Vehicles Lubricants Market.

What years does this Asia-pacific Commercial Vehicles Lubricants Market cover, and what was the market size in 2024?

In 2024, the Asia-pacific Commercial Vehicles Lubricants Market size was estimated at 3.44 billion Liters. The report covers the Asia-pacific Commercial Vehicles Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-pacific Commercial Vehicles Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-pacific Commercial Vehicles Lubricants Industry Report

Statistics for the 2025 Asia-pacific Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-pacific Commercial Vehicles Lubricants analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia-pacific Commercial Vehicles Lubricants Report Snapshots