Poland Lubricants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | < 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Poland Lubricants Market Analysis
The Poland lubricants market is expected to register a CAGR of less than 3% during the forecast period.
- COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- The rising automotive sector is expected to fuel market expansion over the projection period. On the other hand, the increasing penetration of electric vehicles is likely to hamper the market growth.
- The engine oil product type dominated the market and is expected to continue its dominance during the forecast period.
Poland Lubricants Market Trends
This section covers the major market trends shaping the Poland Lubricants Market according to our research experts:
Rising Automotive Industry
- Lubricants are used extensively in the automotive sector to protect the gear teeth from breakage due to friction and ensure the smooth and efficient functioning of the vehicle.
- Engine designs are continually improved to enhance performance, increase efficiency, and meet environmental emission regulations.
- With the rising enactment of stringent environmental, fuel-efficiency, and emission norms, manufacturers are focusing on developing eco-friendly and improved lubricants (with long service life) designed specifically for heavy-duty vehicles. This is boosting the demand for and the usage of high-performance lubricants.
- Engine oils, gear oils, transmission oils, greases, and compressor oils are the most widely used lubricants in Light-duty vehicles, including two-wheelers and passenger cars.
- According to the latest data published by Polish Automotive Industry Association, Poland witnessed an increase in the number of motor vehicles registered. For instance, 8,699 passenger cars were registered in ten days of January 2023, representing an increase of 48% compared to the same period in 2022.
- Thus, owing to all the aforementioned factors, the automotive sector will likely increase the demand for lubricants in Poland during the forecast period.
Engine Oil Segment to Dominate the Market
- Engine oils are widely used for lubricating internal combustion engines in different types of automobiles. They are generally composed of base oils and additives.
- The base stock is either made using petroleum, synthetic chemicals, or both. The base stock is responsible for lubricating the engine's moving parts and removing the excess built-up heat.
- Various additives added in engine oils include oxidation inhibitor additives, dispersant additives, detergent additives, anti-foaming additives, viscosity index modifiers, anti-wear additives, corrosion inhibitor additives, and anti-freeze additives. It controls the oil viscosity and lubricity and protects the engine parts against wear and tear.
- Some of the major functions offered by engine oils are resistance against corrosion and wear and tear to ensure increased engine life and better performance; reduction of friction; increased engine performance; reduction of fuel consumption; removal of impurities and achieve engine cleanliness; optimize engine efficiency; and prevent energy loss by providing optimum cooling.
- The country witnessed a gradual increase in the number of on-road vehicles, including passenger, commercial vehicles, and motorcycles, registering a CAGR of 1.8 % for 2021-2026. Thus increasing the demand for engine oils in the country.
- Thus, owing to all the aforementioned factors, the engine oil segment is projected to dominate the lubricants market in Poland throughout the forecast period.
Poland Lubricants Industry Overview
The Poland Lubricants Market is consolidated in nature. Some of the major players in the market include BP Plc (Castrol), TotalEnergies, ExxonMobil Corporation, FUCHS, and Shell plc, among others (in no particular order).
Poland Lubricants Market Leaders
-
BP Plc (Castrol)
-
TotalEnergies
-
ExxonMobil Corporation
-
FUCHS
-
Shell plc
*Disclaimer: Major Players sorted in no particular order
Poland 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.
- June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. This partnership includes developing and innovating lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.
Poland Lubricants Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Automotive Industry
4.1.2 Other Drivers
4.2 Restraints
4.2.1 The Growing Penetration of Electric Vehicles
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Product Type
5.1.1 Engine Oils
5.1.2 Transmission And Gear Oils
5.1.3 Hydraulic Fluid
5.1.4 Metalworking Fluid
5.1.5 Greases
5.1.6 Other Product Types
5.2 End-user Industry
5.2.1 Power Generation
5.2.2 Automotive
5.2.3 Heavy Equipment
5.2.4 Metallurgy And Metalworking
5.2.5 Other End-user Industries
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) **/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Shell plc
6.4.2 TotalEnergies SE
6.4.3 Exxon Mobil Corporation
6.4.4 Eurol
6.4.5 BP Plc (Castrol)
6.4.6 Liqui Moly
6.4.7 Motul
6.4.8 FUCHS
6.4.9 PKN ORLEN
6.4.10 Modex Oil
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Investments and Government Plans to Support Industrial Growth in the Country
Poland Lubricants Industry Segmentation
Lubricant products are made from a combination of base oils and additives. The composition of base oil in the formulation of lubricants is primarily between 75-90%.
The Poland lubricants market is segmented by product type and end-user industry. By product type, the market is segmented into engine oils, transmission and gear oils, hydraulic fluid, metalworking fluid, greases, and other product types. By end-user industry, the market is segmented into power generation, automotive, heavy equipment, metallurgy and metalworking, and other end-user industries.
For each segment, the market sizing and forecasts have been provided on the basis of volume (million liters).
| Product Type | |
| Engine Oils | |
| Transmission And Gear Oils | |
| Hydraulic Fluid | |
| Metalworking Fluid | |
| Greases | |
| Other Product Types |
| End-user Industry | |
| Power Generation | |
| Automotive | |
| Heavy Equipment | |
| Metallurgy And Metalworking | |
| Other End-user Industries |
Poland Lubricants Market Research FAQs
What is the current Poland Lubricants Market size?
The Poland Lubricants Market is projected to register a CAGR of less than 3% during the forecast period (2024-2029)
Who are the key players in Poland Lubricants Market?
BP Plc (Castrol), TotalEnergies, ExxonMobil Corporation, FUCHS and Shell plc are the major companies operating in the Poland Lubricants Market.
What years does this Poland Lubricants Market cover?
The report covers the Poland Lubricants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Poland Lubricants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Poland Lubricants Industry Report
Statistics for the 2024 Poland Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Poland 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.
Poland Lubricants Report Snapshots
