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China Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers China Lubrication Manufacturers and the market is segmented by end user (automotive, heavy equipment, metallurgy & metalworking, power generation) and by product type (engine oils, greases, hydraulic fluids, metalworking fluids, transmission & gear oils).

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China Lubricants Market Size

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China Lubricants Market
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svg icon Study Period 2015 - 2026
svg icon Market Volume (2024) 11.27 Billion Liters
svg icon Market Volume (2026) 12.29 Billion Liters
svg icon Largest Share by End User Automotive
svg icon CAGR (2024 - 2026) 4.43 %
svg icon Fastest Growing by End User Power Generation
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

Compare market size and growth of China Lubricants Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

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China Lubricants Market Analysis

The China Lubricants Market size is estimated at 11.27 Billion Liters in 2024, and is expected to reach 12.29 Billion Liters by 2026, growing at a CAGR of 4.43% during the forecast period (2024-2026).

  • Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment in China, owing to the higher amount of engine oil and transmission oil used in vehicles compared to industrial applications.
  • Fastest Segment by End-user Industry - Power Generation : Power generation is forecast to be the fastest-growing end user of lubricants in China due to the rising use of natural gas reactors and wind turbines for energy generation.
  • Largest Segment by Product Type - Engine Oils : Due to the high volume of engine oil and high replacement frequency required to lubricate vehicle engines, engine oil is the most consumed product type in China.
  • Fastest Segment by Product Type - Transmission & Gear Oils : As China expects an increase in the usage of industrial machinery & electric cars, transmission & gear oils are predicted to rise faster than any other product type.

China Lubricants Market Trends

This section covers the major market trends shaping the China Lubricants Market according to our research experts:

Largest Segment By End User : Automotive

  • In 2020, the Chinese lubricant market was dominated by the automotive industry, which accounted for around 40% of the total lubricant consumption in the country. During 2015-2019, lubricant consumption in the automotive industry increased by around 30% due to the expanding vehicle fleet.
  • Despite COVID-19-related restrictions in 2019 and 2020, several industries witnessed a positive growth in their lubricant consumption. The highest growth was observed in the power generation industry, which recorded a growth of 9.48%, followed by heavy equipment (2.19%) during the year.
  • Power generation is likely to be the fastest-growing end-user industry in the market studied, with a CAGR of 6.87%, during 2021-2026, followed by automotive (5.41%). The expanding power generation capacity in the country is likely to drive the consumption of lubricants in the sector in the coming years.
China Lubricants Market

China Lubricants Industry Overview

The China Lubricants Market is fairly consolidated, with the top five companies occupying 65.05%. 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 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

*Disclaimer: Major Players sorted in no particular order

China Lubricants Market
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China Lubricants Market News

  • May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.
  • March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.
  • January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.

China Lubricants Market Report - Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1. Study Assumptions & Market Definition

    2. 2.2. Scope of the Study

    3. 2.3. Research Methodology

  3. 3. Key Industry Trends

    1. 3.1. Automotive Industry Trends

    2. 3.2. Manufacturing Industry Trends

    3. 3.3. Power Generation Industry Trends

    4. 3.4. Regulatory Framework

    5. 3.5. Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1. By End User

      1. 4.1.1. Automotive

      2. 4.1.2. Heavy Equipment

      3. 4.1.3. Metallurgy & Metalworking

      4. 4.1.4. Power Generation

      5. 4.1.5. Other End-user Industries

    2. 4.2. By Product Type

      1. 4.2.1. Engine Oils

      2. 4.2.2. Greases

      3. 4.2.3. Hydraulic Fluids

      4. 4.2.4. Metalworking Fluids

      5. 4.2.5. Transmission & Gear Oils

      6. 4.2.6. Other Product Types

  5. 5. Competitive Landscape

    1. 5.1. Key Strategic Moves

    2. 5.2. Market Share Analysis

    3. 5.3. Company Profiles

      1. 5.3.1. BP Plc (Castrol)

      2. 5.3.2. China National Petroleum Corporation

      3. 5.3.3. China Petroleum & Chemical Corporation

      4. 5.3.4. ExxonMobil Corporation

      5. 5.3.5. FUCHS

      6. 5.3.6. Jiangsu Gaoke Petrochemical Co. Ltd

      7. 5.3.7. JIANGSU LOPAL TECH CO. LTD

      8. 5.3.8. Qingdao COPTON Technology Co. Ltd

      9. 5.3.9. Royal Dutch Shell Plc

      10. 5.3.10. TotalEnergies

  6. 6. Appendix

    1. 6.1. Appendix-1 References

    2. 6.2. Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Lubricants CEOs

List of Tables & Figures

  1. Figure 1:  
  2. VEHICLE POPULATION, NUMBER OF UNITS, CHINA, 2015 - 2026
  1. Figure 2:  
  2. COMMERCIAL VEHICLES POPULATION, NUMBER OF UNITS, CHINA, 2015 - 2026
  1. Figure 3:  
  2. MOTORCYCLES POPULATION, NUMBER OF UNITS, CHINA, 2015 - 2026
  1. Figure 4:  
  2. PASSENGER VEHICLES POPULATION, NUMBER OF UNITS, CHINA, 2015 - 2026
  1. Figure 5:  
  2. MANUFACTURING VALUE ADDED, USD BILLION (CURRENT VALUE), CHINA, 2015 - 2020
  1. Figure 6:  
  2. POWER GENERATION CAPACITY, GIGAWATT (GW), CHINA, 2015 - 2020
  1. Figure 7:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, BY END USER, 2015-2026
  1. Figure 8:  
  2. CHINA LUBRICANTS MARKET, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 9:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, AUTOMOTIVE, 2015-2026
  1. Figure 10:  
  2. CHINA LUBRICANTS MARKET, AUTOMOTIVE, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 11:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, HEAVY EQUIPMENT, 2015-2026
  1. Figure 12:  
  2. CHINA LUBRICANTS MARKET, HEAVY EQUIPMENT, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 13:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, METALLURGY & METALWORKING, 2015-2026
  1. Figure 14:  
  2. CHINA LUBRICANTS MARKET, METALLURGY & METALWORKING, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 15:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, POWER GENERATION, 2015-2026
  1. Figure 16:  
  2. CHINA LUBRICANTS MARKET, POWER GENERATION, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 17:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER END-USER INDUSTRIES, 2015-2026
  1. Figure 18:  
  2. CHINA LUBRICANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 19:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, BY PRODUCT TYPE, 2015-2026
  1. Figure 20:  
  2. CHINA LUBRICANTS MARKET, VOLUME SHARE (%), BY PRODUCT TYPE, 2020
  1. Figure 21:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, ENGINE OILS, 2015-2026
  1. Figure 22:  
  2. CHINA LUBRICANTS MARKET, ENGINE OILS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 23:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, GREASES, 2015-2026
  1. Figure 24:  
  2. CHINA LUBRICANTS MARKET, GREASES, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 25:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, HYDRAULIC FLUIDS, 2015-2026
  1. Figure 26:  
  2. CHINA LUBRICANTS MARKET, HYDRAULIC FLUIDS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 27:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, METALWORKING FLUIDS, 2015-2026
  1. Figure 28:  
  2. CHINA LUBRICANTS MARKET, METALWORKING FLUIDS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 29:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, TRANSMISSION & GEAR OILS, 2015-2026
  1. Figure 30:  
  2. CHINA LUBRICANTS MARKET, TRANSMISSION & GEAR OILS, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 31:  
  2. CHINA LUBRICANTS MARKET, VOLUME IN LITERS, OTHER PRODUCT TYPES, 2015-2026
  1. Figure 32:  
  2. CHINA LUBRICANTS MARKET, OTHER PRODUCT TYPES, VOLUME SHARE (%), BY END USER, 2020
  1. Figure 33:  
  2. CHINA LUBRICANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 34:  
  2. CHINA LUBRICANTS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 35:  
  2. CHINA LUBRICANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2020

China Lubricants Industry Segmentation

By End User
Automotive
Heavy Equipment
Metallurgy & Metalworking
Power Generation
Other End-user Industries
By Product Type
Engine Oils
Greases
Hydraulic Fluids
Metalworking Fluids
Transmission & Gear Oils
Other Product Types
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Market Definition

  • Vehicle Types and Industrial Equipment - Automotive (Passenger Vehicles, Commercial Vehicles and Motorcycles), Power Generation, Heavy Equipment, Metallurgy & Metalworking and Other End-user Industries (Marine, Aviation etc.) are considered under the lubricants market.​
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission & gear oils, hydraulic fluids, metalworking fluids, and greases are taken into consideration.​
  • Service Refill - Service/maintenance refill is considered while accounting the lubricant consumption for each of the vehicle and equipment, under the study.​
  • Factory Fill - First lubricant fill-ups for newly produced vehicles and industrial equipment are considered under the study.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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China Lubricants Market Research FAQs

The China Lubricants Market size is expected to reach 11.27 billion Liters in 2024 and grow at a CAGR of 4.43% to reach 12.29 billion Liters by 2026.

In 2024, the China Lubricants Market size is expected to reach 11.27 billion Liters.

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 Lubricants Market.

In the China Lubricants Market, the Automotive segment accounts for the largest share by end user.

In 2024, the Power Generation segment accounts for the fastest growing by end user in the China Lubricants Market.

In 2023, the China Lubricants Market size was estimated at 10.76 billion Liters. The report covers the China Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Lubricants Market size for years: 2024, 2025 and 2026.

China Lubricants Industry Report

Statistics for the 2023 China Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Lubricants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

China Lubricants Market Report Snapshots

China Lubricants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)