The two-wheeler lubricants industry share is expected to increase from USD 17,697.3 million in 2023 to USD 24,723.7 million in 2033.
Synthetic oil is the Favored Choice
To manufacture all types of lubricants, crude oil, tight oil, and other additives are required. Lubricants contain a variety of additives that improve their functionality and characteristics. Among these additives are antioxidants, extreme pressure additives, rust and corrosion inhibitors, detergents, viscosity index improvers, anti-wear agents, and dispersants.
Lubricants are made up of 90% base oil and 10% additives, with base oils containing petrochemical fractions such as fluorocarbons, esters, polyolefins, and silicones. Base oils enhance lubricant viscosity and prevent wear and tear. The two most common base oils used in lubricant formulations are paraffinic and naphthenic.
Lubricants are an important component of constantly expanding industries. They are used to reduce friction and wear and tear between two relatively moving elements of machinery. They might be petroleum-based or water-based and are required for proper machinery operation. Lubricants also reduce operational downtime, thereby increasing overall productivity.
While mineral oils remain popular, producers are focusing on boosting the production of synthetic and semi-synthetic oils. It is to meet the rising demand for premium synthetic two-wheeler lubricant products. Manufacturers are focusing on non-mineral oils considering the adoption of new engine technologies in current automobiles, as well as increased public knowledge of the performance benefits of synthetic lubricants.
The shift toward premiumization of products for improved warranty and long oil drain intervals is projected to need a great use of synthetic components in two-wheeler lubricant engines. Furthermore, in order to meet the growing demand for green fuels and sustainable solutions, several market participants are focusing on the development of effective bio-based lubricants.
The use of two-wheeler lubricants in motorcycles, particularly mopeds and standard models, has been higher than in scooters. Manufacturers are focused on product advancements and new advances. It is to give an optimal ride experience with the rise of next-generation motorcycles that permit efficient clutch operation and require multi-functional lubricants.
Key Points from the Two-Wheeler Lubricants Market
- The market is predicted to expand at a 3.4% CAGR through 2033.
- Rising pollution and traffic congestion are boosting the market.
- The market is expected to surpass USD 24,723.7 billion by 2033.
- Asia Pacific will dominate the global two-wheeler lubricants market by 2033.
Key Development in the Two-Wheeler Lubricants Market
- In January 2018, Castrol announced New Castrol Active, a two-wheeler engine oil type. The new product assists the corporation in expanding its product offering.
- Cummins Inc. and Valvoline Inc. renewed their long-term technology and marketing partnership for the next five years in October 2021. Cummins sells and endorses Valvoline goods through its global distribution channels under this agreement.
- July 2021 – Valvoline All-Terrain is a new engine oil specifically intended for off-highway, heavy-duty diesel engines operating in harsh situations. According to Valvoline, All-Terrain was developed with a concentration on wear protection in equipment operating in harsh environments such as mining, construction, and agriculture.
- Total Energies and Stellantis renewed their collaboration for Peugeot, Citroen, and DS Automobiles for another five years in June 2021. This collaboration also prioritizes research and development efforts toward long-term growth and innovation.
- March 2021 – Nissan Motor India announced an arrangement with ExxonMobil to supply passenger vehicle aftermarket lubricants. The company provides a diverse range of engine oils suited not just for BS6-compliant vehicles but also for BS3 and BS4 models.
- In February 2021, Shell announced carbon-neutral lubricants for passenger cars, heavy-duty diesel engines, and industrial applications. Shell has a multi-year strategy to help clients manage their sustainability needs. By preventing, decreasing, and offsetting emissions, the corporation hopes to reduce the carbon intensity of its products.
Some of the Key Companies Operating in the Market
- BP PLC
- Pertamina
- Petronas
- PTT Lubricants
- Royal Dutch Shell PLC
- ExxonMobil Corporation
- Total S.A.
- Chevron Corporation
- Petron Corporation
- Motul
- Morris Lubricants
- Hindustan Petroleum Corporation Limited
- China National Petroleum Corporation
- FUCHS
Two-Wheeler Lubricants Market Key Segmentation
By Product:
- Synthetic Oils
- Semi-Synthetic Oils
- Mineral Oils
- Bio-Based Lubricants
- Greases
By Application:
- Engine Oil
- Suspension Oil
- Break Oil
- Chain Oil
By Two-Wheeler Type:
- Motorcycle
- Standard
- Cruiser
- Sports
- Mopeds
- Scooter
- Standard
- Maxi
- Enclosed
- Three-Wheeled
By Sales Channel:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
Old Source: Two-wheeler Lubricants Market to Grow at a CAGR of ~4% by 2029- Future Market Insights
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