Press release
Global Automotive Lubricant Industry Market Predicted to Expand Remarkably in Coming Years (2017-2026): Driven by Automotive, Aerospace and Construction Industries 2017-2026
The scope of the report is to analyze the global automotive lubricants market for the period 2017-2026 and give readers an accurate, unbiased analysis. Automotive lubricant manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
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Proper maintenance of automobiles play a key role in their operations, and lubricants are the primary products that can improve the working of combustion engines and automotive components effectively. In the near future, automotive lubricants will witness a growing demand that will expand in parallel to the rising sales of automobiles. Transformations in the designs of combustion engines will influence the viscosity index of future automotive lubricants. Manufacturers are likely to continue the trending practices of using additives to improve the functions of automotive lubricants. Advanced polymers will be used to synthesize automotive lubricants with enhanced properties. Moreover, the demand for automotive lubricants will propel on the back of their growing applications in EV and hybrid vehicles. Emergence of highly-integrated lubrication systems for vehicles is likely to extend the application scope of these lubricants and bolster their production at a global scale.
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.
Engine Oil Segment to Demonstrate a Robust CAGR During the Assessment Period
As per the forecasts of FactMR, 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.
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 FactMR 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.
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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.
Table of Contents
Global Economic Outlook
Global Automotive Lubricant Market - Executive Summary
Global Automotive Lubricant Market Overview
3.1. Introduction
3.1.1. Global Automotive Lubricant Market Taxonomy
3.1.2. Global Automotive Lubricant Market Definition
3.2. Global Automotive Lubricant Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Automotive Lubricant Market Y-o-Y Growth
3.3. Global Automotive Lubricant Market Dynamics
3.4. Global lubricant market scenario
3.5. Global Automotive Maintenance and Service Aftermarket Industry Scenario
3.6. Global Automotive Lubricant country wise Opportunity Assessment
3.7. Scenario Forecast
3.8. Cost Structure
3.9. Supply Chain
3.10. List of Distributors
3.11. Investment Feasibility Matrix
3.12. Market Competition Structure
3.13. Key Countries Consumption and CAGR
3.14. PESTLE Analysis
3.15. Key Regulations
3.16. Product Life Cycle Analysis
3.17. Porter’s Five Force Analysis………………….Continued
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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Sports 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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