- Automotive lubricants, providing essential protection, performance enhancement, and friction reduction for engines and vehicle components, are increasingly vital for maintaining operational efficiency, fuel economy, and durability across both passenger and commercial vehicles
- The escalating demand for automotive lubricants is primarily fueled by rising global vehicle production, expanding aftermarket maintenance activities, and growing consumer preference for high-performance, low-emission, and fuel-efficient lubricant formulations
- Asia-Pacific dominated the automotive lubricant market with a share of 57.7% in 2024, due to rapid industrialization, expanding automotive production, and rising vehicle ownership across emerging economies
- North America is expected to be the fastest growing region in the automotive lubricant market during the forecast period due to strong demand for fuel-efficient, high-performance lubricants across both conventional and electric vehicle segments
- Engine oil segment dominated the market with a market share of 55.3% in 2024, due to the critical role engine oil plays in reducing friction, cooling, and extending engine life. The consistent rise in vehicle production and ownership, coupled with regular oil change requirements, ensures sustained demand for engine oils across both commercial and personal vehicles globally
