The Philippines automotive engine oils market size reached USD 342.78 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 559.75 Million by 2033, exhibiting a growth rate (CAGR) of 5.20% during 2025-2033. Growing vehicle ownership, the need for fuel-efficient lubricants, stricter pollution standards, the escalating demand for synthetic and semi-synthetic oils, and the growth of the automotive aftermarket are all driving the market's expansion.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 342.78 Million |
Market Forecast in 2033 | USD 559.75 Million |
Market Growth Rate (2025-2033) | 5.20% |
Rising Demand for High-Performance Synthetic Lubricants
In the Philippines, the use of synthetic and semi-synthetic engine oils is growing in popularity due to growing recognition of their greater performance advantages over traditional mineral-based oils. Due to their increased fuel efficiency, decreased engine wear, and improved thermal stability, synthetic lubricants are becoming more popular with fleet managers and individual consumers. Manufacturers are concentrating on synthetic formulations that increase engine longevity and prolong oil change intervals since modern automobiles need lubricants that support cutting-edge engine technologies. For instance, in April 2023, Idemitsu officially launched its latest engine oil series in the Philippines at the 2023 Manila International Auto Show. The new products: IDEMITSU IFG, IFD, and IRG offer advanced formulations tailored for four-wheelers and motorcycles. Idemitsu Lubricants Philippines supplies premium lubricants to major Japanese OEMs. Additionally, the expansion of e-commerce and online auto part sales is making premium lubricants more accessible. The growing availability of international and premium-grade lubricants in the local market further supports the transition toward high-performance synthetic engine oils.
Growth in the Automotive Aftermarket and Maintenance Services
The Philippines automotive aftermarket sector is witnessing strong growth, positively impacting the demand for engine oils. Rising vehicle ownership, particularly in urban areas, has led to increased demand for periodic oil changes and preventive maintenance services. For instance, according to the industry reports, the Philippines' vehicle sales hit a record high in 2024, reaching 467,252 units, an 8.7% increase from 2023's 429,807 units. With an average vehicle lifespan exceeding 15 years, the demand for replacement parts and repair services continues to rise. Independent service centers, quick-lube stations, and dealership service centers are expanding their offerings to include specialized lubricants catering to different vehicle types, including passenger cars, commercial vehicles, and motorcycles. Additionally, increasing awareness of proper engine maintenance among vehicle owners is encouraging more frequent oil changes, particularly with the increasing adoption of ride-hailing and delivery services that require high-performance lubricants. As vehicle fleets age, demand for aftermarket engine oils will continue to grow, supporting a thriving automotive service ecosystem in the country.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on grade, engine type, and vehicle type.
Grade Insights:
The report has provided a detailed breakup and analysis of the market based on the grade. This includes mineral, semi-synthetic, and fully-synthetic.
Engine Type Insights:
A detailed breakup and analysis of the market based on the engine type have also been provided in the report. This includes gasoline, diesel, and alternative fuels.
Vehicle Type Insights:
A detailed breakup and analysis of the market based on the engine type have also been provided in the report. This includes commercial vehicle, motorcycle, and passenger vehicle.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Luzon, Visayas, and Mindanao.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Grades Covered | Mineral, Semi-synthetic, Fully-synthetic |
Engine Types Covered | Gasoline, Diesel, Alternative Fuels |
Vehicle Types Covered | Commercial Vehicle, Motorcycle, Passenger Vehicle |
Regions Covered | Luzon, Visayas, Mindanao |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: