China Automotive Lubricants Market Size

Statistics for the 2023 & 2024 China Automotive Lubricants market size, created by Mordor Intelligence™ Industry Reports. China Automotive Lubricants size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of China Automotive Lubricants Industry

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Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 4.71 Billion Liters
Market Volume (2026) 5.19 Billion Liters
CAGR (2024 - 2026) 4.97 %
Market Concentration High
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China Automotive Lubricants Market Analysis

The China Automotive Lubricants Market size is estimated at 4.71 Billion Liters in 2024, and is expected to reach 5.19 Billion Liters by 2026, growing at a CAGR of 4.97% during the forecast period (2024-2026).

  • 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 SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026