The Philippines automotive engine oils market is projected to grow at a CAGR of 5.30% between 2025 and 2034.
Base Year
Historical Year
Forecast Year
As per industry reports, new vehicle sales in the Philippines increased 13 per cent from January to May 2024 compared to the previous car, boosting the demand for engine oils.
ENOC Group, a global energy company, renewed its partnership with Kawasaki Motors (Philippines) Corporation in September 2023. Under this new agreement, Kawasaki can access ENOC Group's advanced lubricants.
General Petroleum announced the launch of its new line of automotive lubricants in April 2024 in the Philippines. These lubricants are specifically designed to improve equipment performance and extend its lifespan.
Value in USD Million
2025-2034
Philippines Automotive Engine Oils Market Outlook
*this image is indicative*
The growth of the automotive sector, rising awareness among vehicle owners regarding engine efficiency, choosing eco-efficient engine oils, and the gradual shift towards adoption of synthetic oils are some of the major drivers for automotive engine oils demand in Philippines.
There is a noticeable shift in the country from traditional mineral oils to synthetic oils which offer improved performance, greater engine protection in difficult conditions, and longer intervals between oil changes. This transition is especially gaining popularity among owners of new vehicles or high-performance cars.
According to the Philippines automotive engine oils industry analysis, advancements in engine oil technology such as the development of multi-grade oils and additives that improve oil efficiency and engine protection, are influencing consumer preferences and patterns of usage in the market. For instance, unlike traditional single-grade oils, which are only suitable for specific temperature ranges, multi-grade oils can adapt to different conditions, which has made them highly popular among customers.
Increased passenger transport, rising automobile sales, adoption of electric vehicles, and preference for sustainable engine oils are key trends accelerating the Philippines engine oils market value.
The growing population in the Philippines is increasing the demand for passenger transport. According to the Philippine Statistics Authority, the country’s population is expected to grow for the next 35 years and will reach around 114.2 million by 2025. The increasing population will raise the sales volume of passenger vehicles and thus have a positive impact on the growth of the market.
According to the International Trade Administration, the Philippines witnessed a 27% rise in automobile sales between 2021 and 2022 owing to favourable prices and financial packages offered by industry players. These trends are expected to remain consistent throughout the forecast period making it easier to purchase vehicles, thereby leading to the growth of the Philippines automotive engine oils market.
Electric vehicles are in high demand among the Filipino population owing to growing concerns about environmental sustainability. According to the Electric Vehicle Association of the Philippines (EVAP), EV adoption in the country will increase to 6.6 million by 2030, out of which 3.6 million are estimated to be e-bikes and the rest are estimated to be private electric cars. This will create new market opportunities for the industry players, thereby increasing the Philippines automotive engine oils market revenue.
Conventional engine oils are known to contaminate the environment and cause harmful effects. This has led to the growth of sustainable automotive engine oils. Industry players are investing in the research and development of environment-friendly synthetic and mineral-based alternatives eyeing future growth and sustainability.
“Philippines Automotive Engine Oils Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Market Breakup by Vehicle Type:
Market Breakup by Engine Type:
Based on engine type, the market is divided into gasoline, diesel, and alternative fuel. Gasoline holds the largest market share due to the abundance of cars, motorcycles, and scooters running on gasoline in the country which has resulted in an increased need for engine oils specifically designed for gasoline engines. Additionally, regular oil changes are necessary for gasoline engines to ensure optimal performance and longevity of vehicles, thereby creating a consistent demand for gasoline-based engine oils.
The market players are readily developing bio-based engine oils amid the rising environmental concerns in the country.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to grow at a CAGR of 5.30% between 2025 and 2034.
The market is being driven due to growth of the automotive sector, rising awareness among vehicle owners regarding engine efficiency and choosing eco-efficient engine oils, and the gradual shift towards implementation of synthetic oils.
The key trends aiding the market include a shift in the country from traditional mineral oils to synthetic oils and advancements in engine oil technology such as the development of multi-grade oils.
Based on type, market segmentations include mineral, semi-synthetic, and fully synthetic.
Different vehicle types considered in the market are passenger vehicles, motorcycles, and commercial vehicles.
The major players in the market are Shell Plc, TotalEnergies SE, Chevron Corp., BP Plc, Eneos Holdings Inc., Petron Corporation, Idemitsu Kosan Co., Ltd., Hinduja Group Ltd. (Gulf Oil International Ltd.), and Udenna Corp. (Phoenix Petroleum Philippines, Inc.), among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Vehicle Type |
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| Breakup by Engine Type |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Philippines
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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