2018-2023 Global and Regional Automotive Lubricants Aftermarket Industry Production, Sales and Consumption Status and Prospects Professional Market Research Repor

Automotive Lubricants Aftermarket market size will grow from in 2017 to by 2023, at an estimated CAGR of . The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

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A lubricant is a substance that is used to reduce friction and control wear between surfaces that are in contact with a relative motion. Automotive lubricants sold in the aftermarket are required for maintenance and smooth operation of vehicles after their purchase. Typically, a lubricant consists of approximately 80% to 90% base oil, and the rest is additives. However, these percentages vary according to application. Characteristics of a good lubricant include high boiling point, high viscosity index, corrosion retardation, thermal stability, low freezing point, and resistance to oxidation. Lubricants are used for their ability to increase the operating lifespan of mechanical parts. They can also eliminate any residue deposited over mechanical parts. Additives are added to the base oil to impart various properties to the lubricant and improve its performance. Lubricant additives are inorganic and organic compounds that are dissolved or suspended as solids in lubricants or base oils. in terms of type, the automotive lubricants aftermarket can be classified into engine oil, gear oil, transmission fluid, and others (including brake oil, greases, coolants, etc.).

Aftermarket customers require lubricant suppliers to help them reduce their total operating cost. For instance, extended oil drain intervals help fleet owners to reduce their operating and maintenance cost, primarily by keeping cars and trucks on road for a longer duration of time. The type and quality of the lubricants used has a significant bearing on engine performance, fuel economy, and vehicle life. For instance, European cars and trucks have smaller, more fuel efficient and higher performance engines than vehicles in North America and Asia. Better fuel economy in cars can be achieved by reduced engine and gearbox friction, which is achieved by using lower viscosity and friction-modified lubricants.

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By Market Players:
Evonik Industries AG, The Lubrizol Corporation, PQ Corporation, Axalta Coating Systems Ltd., michelman, inc., Quantum Silicones, LLC, Toyobo Co., Ltd, PPG Industries, Inc., Huntsman International, W. R. Grace & Co.-Conn., J.M. Huber Corporation, Imerys, Allnex Group, Arkema Group, Akzo Nobel N.V.

By Type
Engine Oil, Gear Oil, Transmission Fluid, Others

By Application
Passenger Cars, Commercial Vehicles

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