Pakistan’s Growing Lubricant Market: Trends, Growth and Opportunities
In recent years, with the advancement of Pakistan's industrialization and the rapid development of industries such as automotive and machinery, the demand for lubricants has been continuously increasing, leading to a steady expansion of the market.
Data from 2024 indicates that Pakistan's lubricant market size is approximately 192.78 million liters and is expected to grow at a CAGR of 2.12% from 2024 to 2029, reaching an estimated 214.09 million liters by 2029.
The rapid development of industries such as automotive and transportation, power generation, and food and beverage has driven the rising demand for lubricants. From January to October 2024, Pakistan's automobile sales increased by more than 50% year-on-year, exceeding 100,000 units, which in turn has led to a surge in demand for engine oil.
As one of the world's leading producers of lubricant additives, China boasts significant technological and cost advantages. Coupled with the support of the China-Pakistan Economic Corridor (CPEC), there is immense potential for cooperation between China and Pakistan in the lubricant sector.
Moreover, with the growing global awareness of environmental protection, low-carbon, eco-friendly, and high-efficiency lubricant products are expected to become the mainstream demand in the market.
