The Philippines passenger vehicles lubricants market is projected to grow at a CAGR of 6.90% between 2025 and 2034.
Base Year
Historical Period
Forecast Period
In July 2023, Shell Lubricants launched a sustainability project called ‘Shell Lube Recycle’ as a part of their ‘Engage for Change’ program. Under the initiative, customers are encouraged to drop off their used lubricant bottles in dedicated bins that are provided to partner car dealers.
On April 16, 2024, ENI, an Italian brand of lubricants debuted in the Philippines market. The brand introduced three lubricant lines aimed at helping vehicles become more fuel-efficient and environment friendly. It is also designed to aid in engine protection.
UMW Lubetech, which produces a variety of products under its brand name Grantt Lubricants, has aimed to dominate the ASEAN countries’ which includes Thailand, Philippines, and Vietnam.
Value in
2025-2034
Philippines Passenger Vehicles Lubricants Market Outlook
*this image is indicative*
The main factors driving the market are rising sales of automobiles, growing awareness of the value of routine auto maintenance, and stricter emissions and pollution regulations to preserve environmental sustainability. In the year 2022, the total number of vehicles that were registered in the Philippines reached 13,889,136, which was an increase of 7% from 2021. According to the most recent data from the Truck Manufacturers Association (TMA) and the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI), new motor vehicle sales in the Philippines increased 7.6% YoY in June 2024 to 39,088 units. In June, sales of passenger vehicles increased 18.3% to 10,628 units. This will, therefore, increase the passenger vehicles lubricants demand in the country.
The market is expanding as more people become aware of the importance of regular vehicle maintenance. Since it minimizes friction and wear and tear on engine components, efficient lubrication is a crucial component of vehicle maintenance. Aside from this, maintaining fuel economy and controlling emissions requires frequent oil changes and the use of premium lubricants. Additionally, the industry is growing since automakers are launching efforts to inform people about the long-term advantages of utilizing high-quality lubricants.
Furthermore, major companies are developing eco-friendly lubricants by implementing more sustainable procedures. Additionally, environmentally friendly lubricants are made to limit the negative effects of automotive operations on the environment, enhance fuel efficiency, and reduce toxic emissions. Accordingly, the growth of Philippines passenger vehicles lubricants market is being supported by the introduction of synthetic lubricants with lower toxicity and bio-based lubricants. The international energy corporation Royal Dutch Shell plc and Hyundai Motor corporation signed a five-year Global Business Cooperation Agreement in March 2021. The collaboration will launch new joint initiatives centered on the shift to clean transportation and carbon reduction. Both businesses aim to expand their energy supply businesses into the EV and FCEV charging services, as well as open up new service channels overseas and work together.
Increased use of engine oil, growing passenger vehicles and EV sales, as well as increased adoption of environment-friendly lubricants are increasing the Philippines passenger vehicles lubricants market value.
Engine oil is the most commonly used passenger vehicle lubricant and is likely to dominate the market in the upcoming years. Its growing preference stems from benefits such as high viscosity, thermal stability, and oxidation stability. Moreover, its specificity of use for passenger vehicles engines only has resulted in its high demand over other types of versatile lubricants such as grease and hydraulic fluids.
The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) jointly reported an increase in passenger vehicle sale across the country in the first half of 2024. Sale of passenger car segment grew at a rate of 17.8 % compared to the first half of 2023. The growth is expected to impact the Philippines passenger vehicles lubricants market revenue positively in the upcoming years.
The Electric Vehicles Association of Phillipines (EVAP) reported 6 times increase in EV sales during the first half of 2023, owing to the new zero tariff provision on certain EV types and their components. The growth was almost 495.3% compared to EV sales throughout the year of 2022. The group further forecasted the sale volume to reach 6.6 billion by 2030 which is expected to create new growth dimension for the Philippines passenger vehicles lubricant industry.
Environment-friendly lubricants are increasingly being adopted owing to their sustainable and biodegradable nature. Growing environmental concerns are prompting market players to tap into this segment eyeing future growth. For instance, Europe-based multinational oil and gas company Shell acquired the Phillippines-based Environmentally Considerate Lubricants (ECLs) business of the PANOLIN Group, jointly forming Shell Panolin in 2022. The venture has recently launched its line of high-performance biodegradable lubricants across Philippines.
Philippines Passenger Vehicles Lubricants Industry Segmentation
‘Philippines Passenger Vehicles Lubricants Market Report and Forecast 2025-2034’ offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type:
According to the reports, engine oils dominate the passenger vehicles lubricant market in the country. This is primarily because of the increasing number of commercial vehicles and public transport in the country, which require more engine oil. Also, engine oil is required more frequently to ensure the smooth working of the vehicles leading to a higher consumption as compared to other lubricants like greases and hydraulic fluids that are not required that often. Engine oils are suitable for preserving the mechanical components of vehicles because of their advantageous qualities, which include heat resistance, wear prevention, and superior viscosity.
The market players are increasingly using environmentally friendly materials in the production of bio-based lubricants to stand out in the market.
*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 expected to grow at a CAGR of 6.90% in the forecast period of 2025 and 2034.
Increasing sale of vehicles, rising demand for high-performance lubricants, and growing production of passenger vehicles are the major drivers of the market.
The key trends include the burgeoning popularity of bio-based lubricants, and the surge in EV lubricants.
Based on type, the market is divided into engine oils, greases, hydraulic fluids, and transmission and gear oils.
The key 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.), Udenna Corp. (Phoenix Petroleum Philippines, Inc.), and 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 Product 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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+63-287-899-028, +63-967-048-3306
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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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