China Automotive Engine Oils Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 3.59 Billion Liters |
| Market Volume (2026) | 3.94 Billion Liters |
| CAGR (2024 - 2026) | 4.76 % |
| Market Concentration | High |
China Automotive Engine Oils Market Analysis
The China Automotive Engine Oils Market size is estimated at 3.59 Billion Liters in 2024, and is expected to reach 3.94 Billion Liters by 2026, growing at a CAGR of 4.76% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Passenger Vehicles : Large active vehicle fleet, higher average travel rates, and growing sales of SUVs are the factors projected to drive engine oil's demand from the passenger vehicle sector.
- Fastest Segment by Vehicle Type - Passenger Vehicles : As China's social distancing restrictions are gradually lifted, the usage of passenger vehicles is increasing, resulting in higher engine oil consumption from the sector.
China Automotive Engine Oils Market Trends
This section covers the major market trends shaping the China Automotive Engine Oils Market according to our research experts:
Largest Segment By Vehicle Type : Passenger Vehicles
- In China, engine oils account for the major share of automotive lubricants. During 2015-2019, engine oil consumption in China recorded a CAGR of over 5%. The rise in vehicle population and sales have been the major factors driving automotive engine oil consumption in the country.
- In 2020, the COVID-19 outbreak resulted in a massive decline in the usage rate of the existing vehicle fleets in the country, which led to only a 2% growth in engine oil consumption. Also, the country has been registering a Y-o-Y dip in engine oil consumption with rising electric vehicles share on the back of government incentives.
- Over the forecast period, the passenger vehicle segment is expected to register the highest CAGR of about 5.45% in engine oil consumption, followed by commercial vehicles (4.87%) and motorcycles (1.77%), respectively.
China Automotive Engine Oils Industry Overview
The China Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 72.43%. 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 Engine Oils Market Leaders
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BP PLC (Castrol)
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China National Petroleum Corporation
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China Petroleum & Chemical Corporation
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ExxonMobil Corporation
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Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
China 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.
- 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.
China Automotive Engine Oils 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 Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Grade
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 ExxonMobil Corporation
5.3.6 Jiangsu Lopal Tech Co. Ltd
5.3.7 Qingdao COPTON Technology Co. Ltd
5.3.8 Royal Dutch Shell Plc
5.3.9 Tongyi Petrochemical Co. Ltd
5.3.10 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
China Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
China Automotive Engine Oils Market Research FAQs
How big is the China Automotive Engine Oils Market?
The China Automotive Engine Oils Market size is expected to reach 3.59 billion Liters in 2024 and grow at a CAGR of 4.76% to reach 3.94 billion Liters by 2026.
What is the current China Automotive Engine Oils Market size?
In 2024, the China Automotive Engine Oils Market size is expected to reach 3.59 billion Liters.
Who are the key players in China Automotive Engine Oils 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 China Automotive Engine Oils Market.
Which segment has the biggest share in the China Automotive Engine Oils Market?
In the China Automotive Engine Oils Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the China Automotive Engine Oils Market?
In 2024, the Passenger Vehicles segment accounts for the fastest growing by vehicle type in the China Automotive Engine Oils Market.
What years does this China Automotive Engine Oils Market cover, and what was the market size in 2023?
In 2023, the China Automotive Engine Oils Market size was estimated at 3.42 billion Liters. The report covers the China Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Automotive Engine Oils Market size for years: 2024, 2025 and 2026.
China Automotive Engine Oils Industry Report
Statistics for the 2024 China Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Automotive Engine Oils analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
