Global Automotive Lubricant Market indicating Industry Size, Demand, Trends and Forecast till 2026

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of automotive lubricant market. The study is titled as “Automotive Lubricant Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global automotive lubricant market.

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According to a recent study published by Fact.MR, the global automotive lubricants market is anticipated to expand at a CAGR of 5.3% in terms of volume during the forecast period, 2017-2026. By the end of 2026, an estimated US$ 113,944 Mn worth of automotive lubricants are pegged to be sold in the global market. The report observes that fluctuating prices of base oils and additives, coupled with increasing customization of automotive parts, will limit the adoption of automotive lubricants to a considerable extent. However, steady sales growth of conventional fuel cars will continue to facilitate a firm consumer base for automotive lubricants through 2026.

3 Insights on How Global Automotive Lubricants Market will Evolve by 2026

1. Gear oil segment in the in the lubricants type category is forecasted to exhibit a robust CAGR during the period of assessment and is estimated to reach a value of nearly US$ 22,400 Mn by the end of 2026. The gear oil segment was expected to account for nearly one-fifth of the revenue share of the lubricants type category by the end of the year 2017.

2. Semi-synthetic oil segment in the base oil type category is forecasted to exhibit a CAGR of 6.1% during the period of assessment and is likely to reach a valuation of nearly US$ 57,800 Mn by 2026 end. The semi-synthetic oil segment was expected to account for nearly half of the revenue share of the base oil type category by 2017 end and is expected to gain market share during the forecast period.

3. The LCV segment in the vehicle type category was forecasted to exhibit a moderate CAGR during the period of assessment and is expected to reach a valuation of nearly US$ 23,525 Mn by the end of 2026. The LCV segment was estimated to account for more than one-fifth of the revenue share of the vehicle type category by 2017 end.

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Fully Synthetic Oil Segment to Account for More Than One Third of the Revenue Share of the Base Oil Type Segment in 2017

As per the findings of the Fact.MR research report, the fully synthetic oil segment is poised to grow at a moderate CAGR and touch a value of US$ 41,319 Mn in 2026. The fully synthetic oil segment was estimated to account for more than one-third of the revenue share of the base oil type segment by the end of the year 2017 and is forecasted to lose market share by the end of the year 2026.

Engine Oil Segment to Demonstrate a Robust CAGR During the Assessment Period

As per the forecasts of Fact.MR, the engine oil segment is poised to touch a value of US$ 76,986 Mn in 2026. This represents a robust CAGR growth during the assessment period 2017-2026. The engine oil segment was estimated to account for more than two-third of the revenue share of the lubricants type segment by 2017. The largest share is contributed by APEJ region in the automotive lubricant market.

APEJ is Set to Dominate the Global Automotive Lubricant Market

The Asia Pacific excluding Japan market was estimated expected to dominate the global automotive lubricant market in terms of revenue in the year 2017, and this trend is projected to sustain itself throughout the assessment period. APEJ automotive lubricant market is the most attractive market, growing at a robust CAGR during the assessment period. The APEJ market is forecasted to be valued at US$ 40,236 Mn by the end of the year 2026.

Competition Tracking

Leading manufacturers of automotive lubricants have been profiled in this report to ascertain the market’s global competition landscape. Total S.A., Royal Dutch Shell plc, Valvoline Inc., Quaker Chemical Corporation, Nippon Oil, Exxon Mobil, Chevron, British Petroleum, Fuchs Group, AMSOIL INC. and Buhmwoo Chemical Ind. Co., Ltd. have been recognized as key players in the global automotive lubricant market. Catering to the customized lubrication needs of vehicle owners and OEMs will be among a key manufacturing trend in the future of global automotive lubricant market. In addition, several market players are likely to invest in production of bio-based automotive lubricants, the effectiveness of which will enable them in improving the manufacturing compliance with environmental protection laws.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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This release was published on openPR.