The market was negatively impacted by COVID-19 in 2020. The declining automotive industry, along with the temporary shutdown of automotive manufacturing units and various industrial activities due to the ongoing pandemic scenario, has declined the consumption of engine oil, gear oils, and greases, thus creating a negative impact on the demand in the automotive lubricants market.

• Over the short term, the growing adoption of high-performance lubricants is expected to drive the market’s growth.
• On the other hand, extended drain intervals of lubricants and the modest impact of electric vehicles (EVs) are expected to hinder the market’s growth.
• Engine oil dominated the market, and it is expected to continue its growth during the forecast period.
• Asia-Pacific dominated the market, followed by North America and Europe across the world with the largest consumption from the countries, such as China, India, the United States, and Russia, among others.

Scope of the Report

Lubricant is a fluidic material that is used to reduce friction between contact surfaces to avoid wear and tear. It is prepared with specific additives and specific group base oils depending upon the end-uses. Automotive lubricants are mainly used as engines, gear, and hydraulic oils. The automotive lubricants market is segmented by product type and geography. By product type, the market is segmented into engine oil, transmission and hydraulic fluids, general industrial oil, gear oil, grease, process oil, and other product types. The report also covers the market size and forecasts for the automotive lubricants market in 28 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton).