Automotive Lubricant Market: Soaring Demand Assures Motivated Revenue Share during 2017-2026 || Top Market Players- Total S.A., Royal Dutch Shell, Valvoline, Quaker Chemical Corporation, Nippon Oil, Exxon Mobil, Chevron, British Petroleum, Fuchs Group, AM
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Effectiveness of lubricants remains closely associated with the performance of automobiles. High-performance automotive lubricants ensure that the vehicle works on optimized fuel consumption, reduced carbon emission, and increased torque. In the past, elevating the performance of automotive lubricants has led manufacturers towards adopting additives in the production procedures. In the years ahead, automotive lubricant manufacturing will witness emergence of new products made of advanced polymers and performance additives. Changing designs of combustion engines and automobile components will play a key role in transforming the quality and advantages of automotive lubricants. Moreover, OEMs will be partnering with automotive lubricant manufacturers to develop new engines and sub-components for meeting the driving needs of future generations.
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 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.
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.
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Insights on How Global Automotive Lubricants Market will Evolve by 2026
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.
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.
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.
The United States automotive lubricant market is likely to reach a value of nearly US$ 21,000 Mn and exhibit a robust CAGR during the period of assessment from 2017 till 2026.
Table Of Content:
Global Economic Outlook
Global Automotive Lubricant Market - Executive Summary
Global Automotive Lubricant Market Overview
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
3.18. Key Participants Market Presence (Intensity Map) By Region
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