The Philippines automotive lubricants market is projected to grow at a CAGR of 5.60% between 2025 and 2034.
Base Year
Historical Year
Forecast Year
As per industry reports, from January to May 2024, the overall vehicle sales in the Philippines witnessed an increase of 13 per cent compared to 2023, which creates lucrative opportunities for lubricant growth.
Commercial vehicle sales rose to 137,944 units from January to May 2024 as compared to the previous year, boosting the demand for lubricants in this segment.
In April 2024, General Petroleum launched a new range of automotive lubricants in the Philippines, which can enhance the lifespan and performance of equipment.
Value in USD Million
2025-2034
Philippines Automotive Lubricants Market Outlook
*this image is indicative*
| Philippines Lubricant Market Report Summary | Description | Value |
| Base Year | USD Million | 2024 |
| Historical Period | USD Million | 2018-2024 |
| Forecast Period | USD Million | 2025-2034 |
| Market Size 2024 | USD Million | XX |
| Market Size 2034 | USD Million | XX |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 5.60% |
| CAGR 2025-2034 - Market by Product Type | Transmission and Gear Oils | 5.9% |
| CAGR 2025-2034 - Market by Vehicle Type | Two Wheelers | 6.1% |
| CAGR 2025-2034 - Market by Fluid Type | Synthetic | 6.3% |
| Market Share by Product Type 2024 | Engine Oils | 84.7% |
Rising vehicle production in the country, a shift in customer preference towards synthetic lubricants, and growing demand for high-performance lubricants are some of the major factors propelling the growth of Philippines automotive lubricants market. Synthetic lubricants offer better performance in tough conditions, longer lifespan, and enhanced engine protection compared to traditional mineral oils, which makes them a lucrative option.
The adoption of bio-based lubricants is on the rise due to their eco-friendly characteristics. These lubricants are both biodegradable and non-toxic, providing comparable or even better performance than synthetic and mineral alternatives.
Moreover, to enhance the effectiveness of lubricants, manufacturers in the country are dedicating resources to research and development, focusing on the production of advanced additives which aim to improve properties such as thermal stability, wear protection, and viscosity index, among others.
Higher repair and maintenance requirements, increased automobile sales, and increased preference for personalising automotive lubricants as per vehicle need are accelerating the Philippines automotive lubricants market value.
According to the Philippines automotive lubricants industry analysis, the average lifespan of a vehicle in the country is 15 years or more. During this phase, proper maintenance is a frequent requirement to prevent early deterioration. Hence, the use of efficient and high-performance lubricants is extremely essential for market growth.
Automobile sales are drastically increasing in the Philippines owing to declining prices and favourable financial packages offered by industry players. The International Trade Administration estimated a rise of 27% in the sales volume between 2021 and 2022. This value is expected to grow further during the forecast period, thereby increasing the overall revenue of the automotive lubricants industry.
Lubricants are conventionally sold in plastic packaging which is harmful to the environment. This has led to a growth in the demand for sustainably packaged lubricants in the Philippines. Major industry players are investing in the same eyeing future stability in the market. For instance, Repsol, a key market player, introduced a new type of packaging for its lubricants that contains 60% mechanically recycled plastic.
Higher disposable income and greater awareness about engine efficiency have persuaded the Filipino population to invest more time and research while choosing suitable lubricants for their engines. This has created new market opportunities for automatic lubricants, where industry leaders are striving to develop lubricants customised to the needs and preferences of vehicle owners.
“Philippines Automotive Lubricants Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type:
Market Breakup by Product Type:
Market Breakup by Fluid Type:
| CAGR 2025-2034 - Market by | Vehicle Type |
| Two Wheelers | 6.1% |
| Passenger Vehicles | XX% |
| Commercial Vehicles | XX% |
| CAGR 2025-2034 - Market by | Product Type |
| Transmission and Gear Oils | 5.9% |
| Engine Oils | 5.2% |
| Greases | XX% |
| Hydraulic Fluids | XX% |
| 2024 Market Share by | Product Type |
| Engine Oils | 84.7% |
| Greases | XX% |
| Hydraulic Fluids | XX% |
| Transmission and Gear Oils | XX% |
| CAGR 2025-2034 - Market by | Fluid Type |
| Synthetic | 6.3% |
| Conventional | XX% |
| Semi-Synthetic | XX% |
Based on product type, the market is divided into engine oils, greases, hydraulic fluids, and transmission and gear oils, among others. Engine oils account for a substantial market share as they play a crucial role in maintaining the proper functioning of all motor vehicles. They necessitate more frequent changes compared to transmission fluids and greases which boost the segment growth. Additionally, engine oil is a necessity for almost every type of vehicle, ranging from motorcycles and cars to trucks, aiding its demand in Vietnam.
The market players are increasingly developing bio-based lubricants amid rising environmental issues.
*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 5.60% between 2025 and 2034.
The market is being driven due to rising vehicle production in the country, a shift in customer preference towards synthetic lubricants, and growing demand for high-performance lubricants.
The key trends aiding the market include the adoption of bio-based lubricants, the production of advanced additives, and expansion in the aftermarket.
Based on vehicle type, market segmentations include passenger vehicles, commercial vehicles, and two wheelers.
Various product types are engine oils, greases, hydraulic fluids, and transmission and gear oils.
The major players in the market are Shell Plc, TotalEnergies SE, Chevron Corp., BP Plc, PTT Public Company Limited, Eneos Holdings Inc., Petron Corporation, SEAOIL Philippines, Inc., 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:
|
| Breakup by Vehicle Type |
|
| Breakup by Product Type |
|
| Breakup by Fluid Type |
|
| Market Dynamics |
|
| 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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