The Global Automotive Lubricants Market was valued at $64,716 million in 2015, and is projected to reach $89,585 million by 2022, growing at a CAGR of 4.8% from 2016 to 2022. Automotive lubricants are fluids that are used to reduce the wear & tear of vehicle parts and thus the overall friction. Their primary function is to avoid metal-to-metal contact among engine and other vehicle parts. Automotive lubricants exhibit excellent demulsibility and corrosion protection properties, and extend the overall vehicle life, improve efficiency of the vehicle, and aid in achieving higher productivity. The selection of lubricants for a particular vehicle depends on a wide range of factors, such as exposure to temperature and harsh environmental conditions.
The market has witnessed significant growth opportunities globally, owing to increase in the production and demand for automobiles, and growth in demand for advanced technologies and better quality products. Furthermore, rise in per capita disposable income, overall economic growth, and upsurge in number of vehicles demanding servicing and reconditioning are further anticipated to boost the market growth during the forecast period. Moreover, rise in demand for repair, maintenance, and renovation of old vehicles; and increase in consumption of synthetic lubricants, owing to its superior characteristic properties, such as low emissions of volatile compounds and relatively thicker layer as compared to traditional mineral oil lubricants, are anticipated to supplement the global market. However, volatile prices of raw materials and difficulty in sourcing these raw materials are expected to hamper this growth.
The global automotive lubricants market is categorized on the basis of base oil, application, vehicle type, and geography. The base oil segment consists of mineral oil, synthetic, semisynthetic, and bio-based lubricants. Based on application, the market is broadly classified into engine oil, gear & brake oil, transmission fluids, greases, and others. By vehicle type, it is divided into passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and others. Geographically, the market is analyzed across North America, Latin America, Europe, Asia-Pacific, and LAMEA.
The key players in the global automotive lubricants market have adopted various market penetration and growth strategies, such as mergers & acquisitions, with the local and established players. They have focused on developing new products, such as lighter and relatively thicker lubricants, to avoid extra weight and to reduce the overall costs. The key players profiled in the report include:
Automotive Lubricants Market Segments
By Base Oil
By Vehicle Type
Other players in the value chain (profiles not included in the report) include:
*The above list of companies is not profiled in the report, and can be added based on client interest.
The Global High-Performance Insulation Materials Market Research Report Forecast 2017-2021 is a valuable source of insightful data for business strategists. It provides the High-Performance Insulation Materials industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description ...
November 2017 | $2800 |View Details>>
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet ...
November 2017 | $3800 |View Details>>
This report studies High-Performance Insulation Materials in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2017, and forecast to 2021. This report focuses on top manufacturers in global market, with production, price, revenue ...
November 2017 | $3400 |View Details>>
The China High-Performance Insulation Materials Market Research Report Forecast 2017-2021 is a valuable source of insightful data for business strategists. It provides the High-Performance Insulation Materials industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description ...
November 2017 | $3100 |View Details>>
UPCOMING MARKET RESEARCH REPORTS
2017 © Copyright Big Market Research