Automotive Lubricants Market

18 May

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Automotive Lubricants Market Poised to grow at a CAGR of 4.8%% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Automotive Lubricants Market. The report presents analysis of global as well as regional markets of automotive lubricants market over the period of 2016 to 2024.

Automotive lubricants is the material or substance that reduces the friction between the two surface components. Lubricants are widely used to inhibit corrosion, wear & tear and reduce friction in engines. In the case of lubricant, the property of reducing friction is called as lubricity.

The automotive production is rapidly growing over the globe particularly in Asia-pacific due to increasing number of vehicle ownership. The increasing automotive sales and growing demand of automotive products are the primary factors driving the growth of automotive lubricants market worldwide. In addition, rapid development of transportation infrastructure in various countries is facilitating growth in this market. However, fluctuation in the crude oil raw material prices is likely to hamper the market growth.

The market is facing the fluctuations in crude oil prices, so manufacturers are focusing on the development of new and innovative refining sources & technologies. Now-a-days, increasing demand of alternative raw material for lubricants manufacturing as bio–based materials including plant oils, hydrogenated polyolefin, fluorocarbons and others are projected to create the more opportunities for the automotive lubricants market.

According to the geography, the Asia-Pacific is the largest and the fastest growing region in the automotive lubricants market, followed by Europe and North America. The growth in Asia-pacific region is mainly attributed, owing to the increasing number of light passenger vehicles and commercial vehicles coupled with rising disposable income. In addition, growth in number of vehicle manufacturing facilities owing to, presence of huge population base and low cost of production of automobiles in these countries is likely to boost the automotive lubricant market over the forecast period.

The various players in the automotive lubricants market are increasing their investments in the Research and development activity. The Chevron Corporation, Royal Dutch Shell and Exxon Mobil Corp. are some of the major players in the automotive lubricants market. Sinopec Corporation, BP plc, Total S.A and Fuchs Lubricants are also important players in this market.

Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global automotive lubricants market but also make strategic decisions to capture the most lucrative markets in the near future.

The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global automotive lubricants market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1420

 

The recent report identified that Asia Pacific dominated the global automotive lubricants market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the automotive lubricants market worldwide.

The report segments the global automotive lubricants market on the basis of Base oil, Product, Vehicle type and end user.

 

Global Automotive Lubricants Market by Base Oil

·         Mineral Oil

·         Bio-based Fluid

·         Synthetic Oil

 

Global Automotive Lubricants Market by Product

·         Engine Oil

·         Gear Oil

·         Transmission Fluids

·         Brake Fluids

·         Greases

·         Coolants

 

Global Automotive Lubricants Market by Vehicle Type

·         Passenger Car (PC)

·         Light-weight Commercial Vehicle (LCV)

·         Heavy-weight Commercial Vehicle (HCV)

 

Global Automotive Lubricants Market by End User

·         Original Equipment Manufacturer (OEM)

·         Aftermarket

 

Companies Profiled in the Report

·         ExxonMobil

·         Royal Dutch Shell

·         Sinopec Corporation

·         BP plc,

·         Total S.A

·         Chevron Corporation

·         LUKOIL Oil Company

·         Fuchs Lubricants

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

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