How big is the China Lubricants Market?

The China Lubricants Market size is expected to reach 11.27 billion Liters in 2024 and grow at a CAGR of 4.43% to reach 12.29 billion Liters by 2026. Read More

What is the current China Lubricants Market size?

In 2024, the China Lubricants Market size is expected to reach 11.27 billion Liters. Read More

Who are the key players in China Lubricants Market?

BP Plc (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation and Royal Dutch Shell Plc are the major companies operating in the China Lubricants Market. Read More

Which segment has the biggest share in the China Lubricants Market?

In the China Lubricants Market, the Automotive segment accounts for the largest share by end user. Read More

Which is the fastest growing segment in the China Lubricants Market?

In 2024, the Power Generation segment accounts for the fastest growing by end user in the China Lubricants Market. Read More

What years does this China Lubricants Market cover, and what was the market size in 2023?

In 2023, the China Lubricants Market size was estimated at 10.76 billion Liters. The report covers the China Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Lubricants Market size for years: 2024, 2025 and 2026. Read More

China Lubricants Market Size

Statistics for the 2023 & 2024 China Lubricants market size, created by Mordor Intelligence™ Industry Reports. China Lubricants size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of china lubricants Industry

	Study Period	2015 - 2026
	Market Volume (2024)	11.27 Billion Liters
	Market Volume (2026)	12.29 Billion Liters
	Largest Share by End User	Automotive
	CAGR (2024 - 2026)	4.43 %
	Fastest Growing by End User	Power Generation
Major Players

*Disclaimer: Major Players sorted in no particular order

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China Lubricants Market Analysis

The China Lubricants Market size is estimated at 11.27 Billion Liters in 2024, and is expected to reach 12.29 Billion Liters by 2026, growing at a CAGR of 4.43% during the forecast period (2024-2026).

Largest Segment by End-user Industry - Automotive : Automotive was the largest end-user segment in China, owing to the higher amount of engine oil and transmission oil used in vehicles compared to industrial applications.
Fastest Segment by End-user Industry - Power Generation : Power generation is forecast to be the fastest-growing end user of lubricants in China due to the rising use of natural gas reactors and wind turbines for energy generation.
Largest Segment by Product Type - Engine Oils : Due to the high volume of engine oil and high replacement frequency required to lubricate vehicle engines, engine oil is the most consumed product type in China.
Fastest Segment by Product Type - Transmission & Gear Oils : As China expects an increase in the usage of industrial machinery & electric cars, transmission & gear oils are predicted to rise faster than any other product type.