The two-wheeler lubricants industry is expected to increase from US$ 17,697.3 million in 2023 to US$ 24,723.7 million in 2033.
Synthetic oil is the Favored Choice
Crude oil, tight oil, and other additives are required for the manufacture of all lubricants. Lubricants include a variety of additives that improve their functionality and characteristics. Among these additions are antioxidants, severe pressure additives, rust and corrosion inhibitors, detergents, viscosity index improvers, anti-wear agents, and dispersants.
Lubricants are composed of 90% base oil and 10% additives, with base oils containing petrochemical fractions such as fluorocarbons, esters, polyolefins, and silicones. Base oils increase lubricant viscosity while also protecting against wear and tear. The two most common base oils used in lubricant formulations are paraffinic and naphthenic.
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Lubricants are an essential component of ever-expanding industries. They are used to reduce friction and wear and tear between two moving parts of machinery. They are essential for proper machinery operation and might be petroleum-based or water-based. Lubricants also help to prevent operational downtime, which boosts overall productivity.
While mineral oils remain popular, companies are concentrating their efforts on increasing the production of synthetic and semi-synthetic oils. Its purpose is to address the increasing demand for quality synthetic two-wheeler lubrication products. Manufacturers are focused on non-mineral oils in light of the adoption of new engine technologies in modern automobiles, as well as growing consumer awareness of synthetic lubricant performance benefits.
The trend toward premiumization of products for better warranty and longer oil drain intervals is expected to need a greater usage of synthetic components in two-wheeler lubrication engines. Furthermore, some market competitors are focused on the development of effective bio-based lubricants in order to address the growing demand for green fuels and sustainable solutions.
The use of two-wheeler lubricants in motorcycles, particularly mopeds and standard models, has been high 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 marketis predicted to expand at a 3.4% CAGR through 2033.
- Rising pollution and traffic congestion are boosting the market.
- The marketis expected to surpass US$ $ 24,723.7 billion by 2033.
- Asia Pacific is dominating the global two-wheeler lubricants market by 2033.
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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.
Top Key Player in the Global Market
- BP PLC
- Pertamina
- Petronas
- PTT Lubricants
- Royal Dutch Shell PLC
- ExxonMobil Corporation
- Total S.A.
- Chevron Corporation
- Petron Corporation
- Motul
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Key Segmentation
By Product:
- Synthetic Oils
- Semi-Synthetic Oils
- Mineral Oils
- Bio-Based Lubricants
- Greases
By Two-Wheeler Type:
- Motorcycle
- Scooter
By Sales Channel:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
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