The two-wheeler lubricants market is expected to grow from USD 17,697.3 million in 2023 to USD 24,723.7 million by 2033.
Synthetic oil is the preferred 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. These additives include antioxidants, extreme pressure additives, rust and corrosion inhibitors, detergents, viscosity index improvers, antiwear 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 improve the viscosity of the lubricant and prevent wear. The two most common base oils used in lubricant formulations are paraffinic and naphthenic.
Lubricants are an important component of ever-expanding industries. They are used to reduce friction and wear between two relatively moving pieces of machinery. They can be oil or water based and are necessary for the proper operation of the machinery. Lubricants also reduce operational downtime, thereby increasing overall productivity.
Although mineral oils remain popular, producers are focusing on increasing production of synthetic and semi-synthetic oils. This is to meet the growing demand for premium quality synthetic lubricant products for two wheels. Manufacturers are focusing on non-mineral oils given the adoption of new engine technologies in today’s automobiles, as well as greater public awareness of the performance benefits of synthetic lubricants.
It is anticipated that the shift towards premiumization of products for improved warranty and long oil drain intervals will necessitate a large use of synthetic components in two-wheeler lubricating engines. Moreover, in order to meet the growing demand for green fuels and sustainable solutions, various market participants are focusing on the development of effective bio-based lubricants.
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The use of two-wheel lubricants in motorcycles, especially mopeds and standard models, has been higher than in scooters. Manufacturers focus on product advancements and new developments. It is all about providing an optimal riding experience with the rise of new generation motorcycles that allow for efficient clutch operation and require multi-functional lubricants.
Two Wheeler Lubricants Market Key Points
- The market is expected to expand at a CAGR of 3.4% until 2033.
- Rising pollution and traffic congestion are driving the market.
- The market is expected to exceed US$ 24,723,700 million by 2033.
- Asia Pacific dominates the global two-wheeler lubricants market in 2033.
Key development in the two-wheeler lubricants market
- In January 2018, Castrol announced New Castrol Active, a type of two-wheel motor oil. The new product helps the corporation expand its product offering.
- cummins inc and Valvoline Inc. they renewed their long-term marketing and technology partnership for the next five years in October 2021. Cummins sells and endorses Valvoline products through its global distribution channels under this agreement.
- July 2021: Valvoline All-Terrain is a new motor oil designed specifically for heavy-duty off-road diesel engines operating in difficult situations. According to Valvoline, All-Terrain was developed with a focus on wear protection in equipment operating in harsh environments such as mining, construction and agriculture.
- Total Energies and Stellantis renewed their partnership for Peugeot, Citroën and DS Automobiles for another five years in June 2021. This partnership also prioritizes research and development efforts towards long-term growth and innovation.
- March 2021: Nissan Motor India announced an agreement with ExxonMobil to supply aftermarket lubricants for passenger vehicles. The company offers a wide range of motor oils suitable not only 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 customers manage their sustainability needs. By preventing, reducing and offsetting emissions, the corporation hopes to reduce the carbon intensity of its products.
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Key Segmentation of Two Wheeler Lubricants Market
By product:
- Synthetic oils
- Semi-synthetic oils
- Mineral oils
- Bio-based lubricants
- fats
By application:
- engine oil
- Suspension oil
- Break oil
- Chain oil
By type of two wheels:
- motorcycle
- Standard
- Cruise ship
- sports
- mopeds
- scooter
- Standard
- Max
- Closed
- three wheels
By sales channel:
By region:
- North America
- Latin America
- europe
- South Asia
- east asia
- oceania
- Middle East and Africa
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