중국의 윤활유 시장 : 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the China lubricants market size was valued at 7.66 billion liters in 2025 and estimated to grow from 7.67 billion liters in 2026 to reach 7.75 billion liters by 2031, at a CAGR of 0.19% during the forecast period (2026-2031).

This report is Segmented by Product Type (Automotive Engine Oil, Industrial Engine Oil, Transmission Fluids, Gear Oil, Brake Fluids, Hydraulic Fluids, and More), End-User Industry (Automotive, Marine, Aerospace, Heavy Equipment, Industrial), and Base Stock Type (Mineral Oil-Based, Synthetic, Semi-Synthetic, Bio-Based). The Market Forecasts are Provided in Terms of Volume (Liters).

China Lubricants Market Trends and Insights

Diesel-Truck Parc Recovery Stabilizes Commercial Lubricant Demand

Heavy-duty diesel truck registrations increased in early 2025 as logistics activity returned to normal, underpinning steady demand for high-viscosity engine oils and transmission fluids. Infrastructure projects increased base-oil imports from Singapore by 15% in February 2025, highlighting the positive correlation between construction activity and lubricant consumption. However, the adoption of LNG trucks in long-haul freight reduces conventional diesel lubricant volumes because gas engines require different formulations and longer service intervals. The resulting split encourages suppliers to develop fluids tailored for both diesel and alternative-fuel drivetrains. Fleet owners prioritize total cost of ownership, favoring synthetics that enable extended drains and reduced downtime.

Domestic Base-Oil Production Restart Reduces Import Dependency

Refineries owned by PetroChina and Sinopec restarted their base-oil units, which had been idle during 2020-2022, reducing their reliance on imports from Singapore and South Korea. Domestic crude feedstock offers cost advantages and shortens supply chains for local blenders. Average refinery utilization fell to 75% in 2024, which paradoxically improved base-oil margins because lower competition for feedstock eased price pressure. Enhanced supply stability enables Chinese blenders to reduce working-capital requirements associated with imported inventories. Lower domestic costs may make Chinese base oils competitive in Southeast Asia, opening new export avenues.

Electric Vehicle Adoption Accelerates ICE Lubricant Demand Destruction

Battery electric vehicles surpassed 40% of new car sales in early 2025, displacing annual engine oil consumption by 4-5 liters per vehicle and lowering gasoline demand projections. Refined-product consumption declined 1.7% in 2024, signaling a structural shift rather than a cyclical dip [SINOLUB.COM]. Oil majors responded by converting service stations into mixed-energy hubs with EV charging, but this pivot cannot replace lost lubricant volume. Reduced gasoline production also tightens base-oil supply for non-automotive segments, influencing price dynamics across the China lubricants market.

Other drivers and restraints analyzed in the detailed report include:

1. OEM Warranty Extensions Accelerate Synthetic Lubricant Adoption
2. E-Commerce Penetration Transforms Distribution While Enabling Counterfeits
3. Extended Drain Intervals Compress Service Market Volumes

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Automotive engine oil held 45.05% of China lubricants market share in 2025, yet faces decline as NEV adoption rises. Transmission Fluids are forecast to grow at a 1.03% CAGR, helped by the wider adoption of automatic gearboxes and dedicated e-axle fluids. Hydraulic Fluids and Greases serve construction machinery, which benefits from infrastructure programs. Brake Fluids show stable demand across ICE and EV platforms, though longer intervals limit volume growth. Gear Oil gains from mining and heavy-duty equipment that require extreme-pressure formulations.

Battery-electric drivetrains require thermal management and dielectric fluids, rather than engine oil, shifting the product mix toward specialty synthetics. Industrial Engine Oil targets power generation and marine engines where electrification remains limited. Process Oils and Metalworking Fluids correlate with manufacturing output, posting moderate gains as China upgrades industrial capacity. Turbine and Transformer Oils benefit from renewable-energy installations. The evolving portfolio indicates how China's lubricants market size redistributes from declining passenger-car engine oils to niche industrial and electric-vehicle fluids.

Complete Report Scope:

• By Product Type
  • Automotive Engine Oil
  • Industrial Engine Oil
  • Transmission Fluids
  • Gear Oil
  • Brake Fluids
  • Hydraulic Fluids
  • Greases
  • Process Oil (Including Rubber Process Oil and White Oil)
  • Metalworking Fluids
  • Turbine Oil
  • Transformer Oil
  • Other Product Types
• By End-user Industry
  • Automotive
    • Passenger Vehicles
    • Commercial Vehicles
    • Two-Wheelers
  • Marine
  • Aerospace
  • Heavy Equipment
    • Construction
    • Mining
    • Agriculture
  • Industrial
    • Power Generation
    • Metallurgy and Metalworking
    • Textiles
    • Oil and Gas
    • Other End-Use Industries
• By Base Stock Type
  • Mineral Oil-Based Lubricants
  • Synthetic Lubricants
  • Semi-Synthetic Lubricants
  • Bio-Based Lubricants

List of Companies Covered in this Report:

1. PetroChina Company Limited
2. Sinopec (China Petrochemical Corporation)
3. Shell plc
4. ExxonMobil Corporation
5. BP plc (Castrol)
6. TotalEnergies SE
7. FUCHS SE
8. Valvoline Global
9. Idemitsu Kosan
10. ENEOS Holdings
11. JIANGSU LOPAL TECH CO. LTD
12. Qingdao COPTON Technology Co. Ltd
13. Jiangsu Gaoke Petrochemical Co. Ltd
14. ZHONGTIAN PETROCHEMICAL
15. Quaker Houghton

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Diesel-truck parc rebound in post-COVID logistics
  • 4.2.2 Restart of domestic base-oil projects improves supply stability
  • 4.2.3 OEM warranty extension pushes demand for premium long-drain synthetics
  • 4.2.4 Explosion of e-commerce channels for HDMO and PCMO
  • 4.2.5 Accelerated "dual-carbon" policy drives bio-lube adoption
• 4.3 Market Restraints
  • 4.3.1 Rapid BEV penetration shrinks ICE engine-oil pool
  • 4.3.2 Longer OEM drain intervals cut service-fill volumes
  • 4.3.3 Volatile crude swings squeeze blender margins
  • 4.3.4 Persistent counterfeits undermine brand pricing power
• 4.4 Value Chain Analysis
• 4.5 Regulatory Framework
• 4.6 End-User Trends
  • 4.6.1 Automotive Industry
  • 4.6.2 Manufacturing Industry
  • 4.6.3 Power Generation Industry
• 4.7 Porter's Five Forces
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Degree of Competition

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Product Type
  • 5.1.1 Automotive Engine Oil
  • 5.1.2 Industrial Engine Oil
  • 5.1.3 Transmission Fluids
  • 5.1.4 Gear Oil
  • 5.1.5 Brake Fluids
  • 5.1.6 Hydraulic Fluids
  • 5.1.7 Greases
  • 5.1.8 Process Oil (Including Rubber Process Oil and White Oil)
  • 5.1.9 Metalworking Fluids
  • 5.1.10 Turbine Oil
  • 5.1.11 Transformer Oil
  • 5.1.12 Other Product Types
• 5.2 By End-user Industry
  • 5.2.1 Automotive
    • 5.2.1.1 Passenger Vehicles
    • 5.2.1.2 Commercial Vehicles
    • 5.2.1.3 Two-Wheelers
  • 5.2.2 Marine
  • 5.2.3 Aerospace
  • 5.2.4 Heavy Equipment
    • 5.2.4.1 Construction
    • 5.2.4.2 Mining
    • 5.2.4.3 Agriculture
  • 5.2.5 Industrial
    • 5.2.5.1 Power Generation
    • 5.2.5.2 Metallurgy and Metalworking
    • 5.2.5.3 Textiles
    • 5.2.5.4 Oil and Gas
    • 5.2.5.5 Other End-Use Industries
• 5.3 By Base Stock Type
  • 5.3.1 Mineral Oil-Based Lubricants
  • 5.3.2 Synthetic Lubricants
  • 5.3.3 Semi-Synthetic Lubricants
  • 5.3.4 Bio-Based Lubricants

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share**(%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 PetroChina Company Limited
  • 6.4.2 Sinopec (China Petrochemical Corporation)
  • 6.4.3 Shell plc
  • 6.4.4 ExxonMobil Corporation
  • 6.4.5 BP plc (Castrol)
  • 6.4.6 TotalEnergies SE
  • 6.4.7 FUCHS SE
  • 6.4.8 Valvoline Global
  • 6.4.9 Idemitsu Kosan
  • 6.4.10 ENEOS Holdings
  • 6.4.11 JIANGSU LOPAL TECH CO. LTD
  • 6.4.12 Qingdao COPTON Technology Co. Ltd
  • 6.4.13 Jiangsu Gaoke Petrochemical Co. Ltd
  • 6.4.14 ZHONGTIAN PETROCHEMICAL
  • 6.4.15 Quaker Houghton

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-need Assessment

8 Key Strategic Questions for CEOs