Automotive lubricants industry leaders and policy drivers

New energy vehicles have developed rapidly in recent years and are gradually gaining popularity in the global and Chinese markets. Since there is no engine in pure electric vehicles in new energy vehicles, it has a certain impact on the market demand for engine oil, but hybrid vehicles in new energy vehicles still retain the engine and still have a demand for engine oil. In addition, the motors, gearboxes and gears and bearing components of new energy vehicles that are the same as those of gasoline vehicles all need automotive lubricants to ensure the normal operation of themselves and related supporting components. In the development process of new energy vehicles, there will also be an endless new demand for automotive lubricant technology.

1. The basic situation of the automotive lubricant industry

Automobile engine, gearbox and other machinery and equipment under the long-term movement, its wear and tear intensify, it is necessary to regularly replace engine oil, gear oil and other automotive lubricant products to keep the core components of the car in good working condition. Automotive lubricants mainly include engine oil, vehicle gear oil, automotive automatic transmission fluid, automotive brake fluid, automotive antifreeze, and automotive grease. Automobile air conditioner oil, etc. Among them, engine oil is one of the most important oils in automotive lubricants. Main functions: 1) lubricate the friction parts such as engine crankshaft, connecting rod, piston ring and cylinder liner, cam and tappet, etc.; 2) seal the gap between piston ring and cylinder liner, piston ring and ring groove; 3) cool and clean engine parts; 4) reduce corrosion and rust of engine parts.

2. The competition pattern and leading enterprises in the automotive lubricant industry

In terms of competitive landscape, the top five companies in the global automotive lubricant industry account for more than 40% of the market share. The major players in the market are ExxonMobil Corporation, China National Petroleum Corporation, Castrol, Royal Dutch Shell, and TotalEnergies. China's passenger car lubricant market is relatively stable, with a high degree of market concentration, and the top five companies account for more than 70% of the market share. The major players in this market are Castrol, China Petroleum & Chemical Corporation, China National Petroleum Corporation, ExxonMobil Corporation, and Royal Dutch Shell.

Automotive lubricants industry leaders and policy drivers

3. The main policy drivers of the automotive lubricant industry

In recent years, the overall scale of China's automobile ownership has maintained a steady growth trend, which is still a good impetus for automotive lubricants. By the end of 2023, the number of new energy vehicles in the country will reach 20.41 million, accounting for 6.07% of the total number of vehicles, and it is expected that by 2025, the number of new energy vehicles will account for 7.6%. According to the "New Energy Vehicle Industry Development Plan (2021-2035)", by 2025, the sales volume of new energy vehicles will reach about 20% of the total new car sales. According to the forecast of the China Association of Automobile Manufacturers, the total sales of the mainland automobile market may exceed 30 million units in 2025, and it is estimated that the sales of new energy vehicles in 2025 are expected to exceed 6 million units. By 2030, the proportion of new energy and clean energy powered vehicles will reach about 40%, and the carbon dioxide emission intensity of passenger cars and new commercial vehicles will be reduced by more than 25% and 20% respectively compared with 2020. By 2035, pure electric vehicles will become the mainstream of new sales vehicles, public vehicles will be fully electrified, and fuel cell vehicles will be commercialized. The rapid growth of new energy vehicles will have a certain impact on the lubricating oil industry.

For more industry information, please refer to the "2024-2030 Automotive Lubricant Industry Market Research and Development Trend Forecast Report" of PwC Consulting, and PwC Consulting also provides special market research projects, industry research reports, industrial chain consulting, project feasibility study reports, specialized and special new small giant certification, market share reports, 15th Five-Year Plan, post-project evaluation reports, BP business plans, industrial maps, industrial planning, blue white papers, national manufacturing single champion enterprise certification, IPO fundraising feasibility study, IPO working paper consulting and other services.

Automotive lubricants industry leaders and policy drivers

Read on

The knees clicked, and there was a Chinese patent medicine that replenished the blood, comparable to lubricating oil

The man's surveillance found that his wife did not have a seizure when she came home, but just put chili oil in the lubricant

Doctor suggests: Eat more than 3 kinds of vegetables to solve the problem!

Jingdong Car Maintenance signed a strategic contract with Castrol to exclusively sell the "Xing" series of fully synthetic lubricants through all channels

The cause of color difference during the storage of lubricating grease

FUCHS Lubricants: Disobedience still costs money? Your car may be "protesting" against you

The art of screw drives: revealing the secret of the selection of lubricating grease

81-year-old uncle prostituting a 51-year-old woman was arrested! Netizens hotly discussed: 25 bought lubricating oil?

Shell has launched three new Helix Ultra lubricants

The role of anti-wear in automotive engines, nano lubricants, which has attracted much attention

Case study (3) - ME main engine cylinder lubricating oil injector signal feedback failure

How to choose lubricating grease for new energy charging piles

Refrigeration lubricating oil

Engine Oil Wholesalers: How to Choose a Reputable Lubricant Manufacturer?

How to choose the right lubricating grease for the robot rotary joint?

Outrageous! The founder said that Chuangwei Automobile cured hypertension and diabetes, and extended its life expectancy by 30 years! The official response is coming [with an analysis of the market competition in the automotive industry]

Save 30 yuan on a tank of oil at Costco gas station! Cheaper than Sinopec/Oil, employees said that in principle, they will always maintain preferential oil prices for members [additional gas station industry market development forecast]

The most expensive in the world! Apple collects 40 billion Apple taxes in China in one year, and the gross profit is almost twice that of hardware products [with analysis of the development of China's app store industry]

The "Poor Ghost Package" is coming? McDonald's is reported to plan to launch a $5 low-cost package in the United States [with a market size forecast for the catering industry]

The penetration rate of new energy vehicles exceeded 50%! Zhu Huarong: New energy vehicles must be more competitive in price in order to replace fuel vehicles [with analysis of the current situation of the new energy automobile industry]

It's so hard! Wei Jianjun of Great Wall Motors: The loss of electric vehicles will increase, and the intensity of industry competition will not decrease in the next three years [with intelligent networked vehicle market trend analysis]

Foton Motor: Salute to every one who adheres to innovation and drives the industry forward

Liu Huanlin: He has been in the industry for more than ten years, and he is not only a "technical expert" but also a model worker

Another blockbuster document in the financial field has been released! It is related to the banking and insurance industries

Ruijie Network Releases Simplified Ethernet All-Optical 3. Solution X Ethernet IPL leads the way of industry network architecture innovation

A picture to understand the latest requirements of the electric bicycle industry

The first company in the industry to launch a 3+5 machine warranty! Auman leads the whole life cycle value of gas heavy trucks to jump

Reliable quality and hardcore commitment! Auman is the first to launch the industry's 3+5 machine warranty to help users transport efficiently

The agarwood market is greasy to reveal, can branding become a "life-saving straw" for the industry?

The game industry reshuffle: the market structure of 43 listed companies has been reshaped

In the first quarter, the performance of all A fell slightly, the electronics industry ushered in a reversal, and the growth rate of social services and automobiles slowed down Look at the earnings report