Press release
Automotive Lubricants Market Report 2022-2027: Top Companies (Amsoil Inc., Total SE, Valvoline Inc.)
Automotive Lubricants Market
Automotive lubricants are used in motor vehicles to reduce friction between moving parts and to keep the engine clean, cool, and running smoothly. They are considered essential elements for the proper functioning of an automobile. They are produced from a combination of base oils, additives, and other chemical compounds. There are different types of automotive lubricants available in the market and they are utilized depending on the type of vehicle and its usage. Due to the advent of high-performance automotive lubricants, there has been a considerable rise in their adoption across the globe as they aid in providing the smooth operation of vehicles.
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Market Trends:
Significant growth in the automotive industry majorly drives the global market. In addition, the growing inclination towards heavy-duty motor vehicle engine oils to handle severe geographical conditions and meet emission regulations for on- and off-highway heavy vehicles, is driving the market. In addition, the emergence of chemical-free bio-based automotive lubricants is serving as a further impetus to the demand as these lubricants boast improved lubricity and reduce the environmental burden associated with synthetic lubricants. Some of the other factors driving the market include the growing purchasing power of consumers and increasing investments in extensive research and development (R&D) activities conducted by key players to enhance oil quality.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/automotive-lubricants-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• 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
• Coolants
• Greases
• Others
Breakup by Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others
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 (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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