AUTOMOTIVE PCEO
The European passenger car engine oil market
H. Ernest Henderson, PhD, President, K&E Petroleum Consulting
The lubricants industry is both fascinating and complex. It incorporates many assorted products with different qualities and performance attributes.
Lubricants are formulated with a base oil as its foundation. From there, chemical additives are incorporated into the mixture to elevate the performance of the base oil to that desired in the finished product. The type and concentration of chemical additives will vary by product and the conditions from which it is required to operate. Engine oils are typically subjected to the most extreme operating conditions and therefore require the highest concentration of chemical additives, and in most instances the highest quality base oils.
The automotive industry represents the general category where engine oils exist. The other main categories include industrial oils, and process oils.
8 LUBE MAGAZINE NO.180 APRIL 2024
In terms of global lubricant demand, passenger car engine oils (PCEO) represent approximately 18.7% share. Market share for PCEO varies by region with North America having the largest share at 28.9%, while Asia-Pacific has the lowest share at 12.9%. European demand for PCEO is estimated at 20.2%, slightly higher than global estimates. This is based on 2020 demand prior to the global COVID pandemic.
The European demand for automotive lubricants was 2,741.9 kilotonnes per annum (ktpa) in 2019. Passenger car engine oils represented the largest component within the automotive category with a share of 37.7%. This is shown in Figure 1.
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