Poland Passenger Vehicles Lubricants Market - Size, Share, COVID-19 Impact & Forecasts Up To 2026

The Poland Passenger Vehicles Lubricants Market is at 92.52 million liters in 2021 and is projected to register a CAGR of 2.74% to reach 105.94 million liters in 2026. The lockdown implemented in response to the COVID-19 pandemic has resulted in a 22.64% drop in the sales of new passenger cars in Poland during 2019-2020. Since mid-2020, there has been a real boom for used cars in Poland, primarily due to the unavailability of new vehicles owing to closure of factories. Low prices of second-hand cars and favourable fuel prices during the pandemic are the other factors driving the passenger cars population growth during 2020-2021.

Key Highlights

• Largest Segment by Product Type - Engine Oils: Engine oils form the leading product type due to their high volume requirements and short drain intervals, as they are used in high-temperature and high-pressure applications.
• Fastest Segment by Product Type - Engine Oils: In Poland, the expected recovery in passenger vehicle sales and production since 2021 is estimated to drive the demand for engine oils during the forecast period.

Key Market Trends

Largest Segment By Product Type: Engine Oils

• The volume share of the passenger vehicles (PV) segment in the automotive lubricant demand increased from 60.8% in 2015 to 61.3% in 2019. The consumption of passenger vehicle lubricants increased at a CAGR of 4.66% during 2015-2019 due to the high demand for engine oils and transmission oils in combustion vehicles.
• Due to the lockdown imposed due to the COVID-19 pandemic, the consumption of lubricants in passenger vehicles dropped drastically by 15.31% in 2020. Even the share of the PV segment in the overall automotive lubricants share decreased by 0.51% in 2020.
• The number of active passenger vehicle units in the country is projected to increase due to the expected sales growth of low-cost, used cars during the forecast period. As a result, the consumption of automotive lubricants in the passenger vehicles segment is expected to rise at a CAGR of 2.74% during 2021-2026.

Competitive Landscape

The Poland Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 86.46%. The major players in this market are BP PLC (Castrol), FUCHS, LOTOS OIL, PKN ORLEN (ORLEN oil) and TotalEnergies (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support