According to IMARC Group latest report titled” Automotive Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited negative growth in 2020. The global automotive lubricants market size to grow at a CAGR of around 3% during 2021-2026. Automotive lubricants refer to fluids that are widely utilized to reduce the friction between two surfaces to prevent wear and tear of automobile components. They are commonly formulated using specialized oils and additives that are derived from petroleum sources. They are also employed to significantly minimize the heat generated between numerous parts to enhance the efficiency and functioning of critical components, including engines, bearings and hydraulic gears. Engine oils, transmission fluids and grease oils are some of the widely utilized automotive lubricants across the globe.
Get a sample copy of this Report: https://www.imarcgroup.com/automotive-lubricants-market/requestsample
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global market is majorly driven by significant growth in the automotive sector. The increasing adoption of high-end automobiles has prompted customers to utilize premium high-performance engine oils for lubricating internal combustion engines. Furthermore, the advent of chemical-free and bio-based automotive lubricants in the market is creating a positive outlook for the market as they offer superior lubricity while minimizing the adverse environmental effects caused due to the utilization of synthetic product variants. Some of the other factors contributing to the market include extensive research and development (R&D) activities and the growing preference for high-viscosity automotive lubricants among end users.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/automotive-lubricants-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Amsoil Inc.
- BP plc
- Chevron Corporation
- China National Petroleum Corporation
- Exxon Mobil Corporation
- Fuchs Group
- Petronas Lubricants International Sdn Bhd
- Phillips 66 Company
- Royal Dutch Shell plc
- SK Lubricants Co. Ltd.
- Total SE
- Valvoline Inc
Automotive Lubricants Market Segmentation:
Our report has categorized the market based on region, product and vehicle type.
Breakup by Product:
- Engine Oil
- Gear Oil
- Transmission Fluids
- Brake Fluids
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Related Reports of IMARC Group:
Automotive coolant Market: https://www.imarcgroup.com/automotive-coolant-market
Automotive Hill Descent Control Market: https://www.imarcgroup.com/automotive-hill-descent-control-market
Passenger Car Motor Oil Market: https://www.imarcgroup.com/passenger-car-motor-oil-market
Automotive Lightweight Materials Market: https://www.imarcgroup.com/automotive-lightweight-materials-market
Connected Motorcycle Market: https://www.imarcgroup.com/connected-motorcycle-market
Solar Vehicle Market: https://www.imarcgroup.com/solar-vehicle-market
Anti Drone Market: https://www.imarcgroup.com/anti-drone-market
Smart Container Market: https://www.imarcgroup.com/smart-container-market
Three-Wheeler Market: https://www.imarcgroup.com/three-wheeler-market
Light Sensors Market: https://www.imarcgroup.com/light-sensors-market
Contact US: IMARC Group 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming Email: [email protected] Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800