Market Size of china lubricants Industry
| Icons | Lable | Value |
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Study Period | 2015 - 2026 |
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Market Volume (2024) | 11.27 Billion Liters |
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Market Volume (2026) | 12.29 Billion Liters |
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Largest Share by End User | Automotive |
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CAGR (2024 - 2026) | 4.43 % |
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Fastest Growing by End User | Power Generation |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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.
