Spain Passenger Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 83.51 Million Liters |
| Market Volume (2026) | 87.12 Million Liters |
| CAGR (2024 - 2026) | 2.14 % |
| Market Concentration | High |
Spain Passenger Vehicles Lubricants Market Analysis
The Spain Passenger Vehicles Lubricants Market size is estimated at 83.51 Million Liters in 2024, and is expected to reach 87.12 Million Liters by 2026, growing at a CAGR of 2.14% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain intervals. It is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Hydraulic Fluids : In Spain, the increasing trade activities and the expected recovery in passenger vehicle sales are likely to drive the demand for hydraulic fluids during the forecast period.
Spain Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Spain Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : Engine Oils
- The share of the passenger vehicles (PVs) segment in the overall automotive lubricant consumption increased from 45.5% in 2015 to 47.4% in 2019. The PV lubricants segment exhibited a CAGR of 3.53% during 2015-2019 due to the gradual growth in the active vehicle parc and vehicle service requirements.
- Due to the lockdown imposed to curb the spread of COVID-19, the consumption of PV lubricants dropped by 18.82% in 2020. The volume share of the PV segment in the automotive lubricants market declined by nearly 3% in 2020, as compared to 2019.
- In 2021, the Spanish Prime Minister announced an aid package worth USD 4.2 billion for the hard-hit auto industry to promote the production and sales of cleaner cars. This factor, along with the expected recovery in the sales of new and used cars, is projected to drive PV lubricant consumption at a CAGR of 2.18% during 2021-2026.
Spain Passenger Vehicles Lubricants Industry Overview
The Spain Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 81.69%. The major players in this market are BP PLC (Castrol), CEPSA, ExxonMobil Corporation, Repsol and Royal Dutch Shell Plc (sorted alphabetically).
Spain Passenger Vehicles Lubricants Market Leaders
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BP PLC (Castrol)
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CEPSA
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ExxonMobil Corporation
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Repsol
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Royal Dutch Shell Plc
*Disclaimer: Major Players sorted in no particular order
Spain Passenger Vehicles Lubricants Market News
- June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.
- April 2021: Texaco Lubricants introduced three new engine oils within the successful Texaco Havoline ProDS range, each with manufacturer approvals. The oils have been designed to provide enhanced wear protection even with a lubricant layer of 2 microns.
- April 2021: FUCHS Lubricants unveiled TITAN GT1 FLEX C23 SAE 5W-30, a new high-performance engine oil for use in passenger cars and vans.
Spain Passenger Vehicles Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By Product Type
4.1.1 Engine Oils
4.1.2 Greases
4.1.3 Hydraulic Fluids
4.1.4 Transmission & Gear Oils
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 BP PLC (Castrol)
5.3.2 CEPSA
5.3.3 CHEVRON CORPORATION
5.3.4 Eni SpA
5.3.5 ExxonMobil Corporation
5.3.6 FUCHS
5.3.7 Galp Energia
5.3.8 Repsol
5.3.9 Royal Dutch Shell Plc
5.3.10 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Spain Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Spain Passenger Vehicles Lubricants Market Research FAQs
How big is the Spain Passenger Vehicles Lubricants Market?
The Spain Passenger Vehicles Lubricants Market size is expected to reach 83.51 million Liters in 2024 and grow at a CAGR of 2.14% to reach 87.12 million Liters by 2026.
What is the current Spain Passenger Vehicles Lubricants Market size?
In 2024, the Spain Passenger Vehicles Lubricants Market size is expected to reach 83.51 million Liters.
Who are the key players in Spain Passenger Vehicles Lubricants Market?
BP PLC (Castrol), CEPSA, ExxonMobil Corporation, Repsol and Royal Dutch Shell Plc are the major companies operating in the Spain Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Spain Passenger Vehicles Lubricants Market?
In the Spain Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Spain Passenger Vehicles Lubricants Market?
In 2024, the Hydraulic Fluids segment accounts for the fastest growing by product type in the Spain Passenger Vehicles Lubricants Market.
What years does this Spain Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Spain Passenger Vehicles Lubricants Market size was estimated at 81.77 million Liters. The report covers the Spain Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Spain Passenger Vehicles Lubricants Industry Report
Statistics for the 2024 Spain Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Passenger Vehicles Lubricants analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.
