Market Trends of Poland Lubricants Industry
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.
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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.
