Press release
Automotive Lubricants Market to Cross 475 Million Gallons by 2021
Automotive Lubricants Market
How Big is the Global Automotive Lubricants Market?
The automotive lubricants market is expected to exceed more than 475 million Gallons by 2021; Growing at a CAGR of more than 8% in the given forecast period.
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An automotive lubricant is a material used to minimize friction among surfaces, and minimize the heat which produces from movable surface. The main characteristics of lubricant are to reduce friction, called as lubricity. A lubricant having many functions such as cooling and heating the surfaces, transporting foreign particles and transmitting forces. It acts very important role in reducing wear and tear and friction in automobiles. High quality lubricant having various properties such as high resistivity to oxidation, low freezing point, thermal stability, corrosion prevention, high viscosity index and high boiling point.
The major driving factors of automotive lubricants market are as follows:
Rising disposable profit will increase the sale of vehicles
Growing demand for heavy duty vehicles and light passenger vehicles
The restraining factors of automotive lubricants market are as follows:
Explosive price of raw materials
Browse Full Report: http://www.marketresearchengine.com/reportdetails/automotive-lubricants-market
The automotive lubricants market is segmented on the lines of its type and regional basis. Based on type segmentation the automotive lubricants market covers grease and transmission fluids, gear oil and engine oil. The automotive lubricant market’s geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for automotive lubricants and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2021.
3) Identifications of new market opportunities and targeted promotional plans for automotive lubricants.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for various types of automotive lubricants with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include BP plc, Chevron Corporation, ExxonMobil Corporation, ConocoPhillips Corporation, Fuchs Lubricants Co., LUKOIL Oil Company, Royal Dutch Shell plc, Total S.A., Valvoline, Idemitsu Kosan Co. Ltd., The JX Nippon Oil & Energy Co. and Repsol S.A. among others. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Automotive lubricants Market has been segmented as below:
By Type Analysis
Grease and Transmission Fluids
Gear Oil
Engine Oil
By Regional Analysis
North America
Europe
Asia-Pacific
Middle East and Africa
Rest of the World
Reasons to Buy this Report:
1) Obtain the most up to date information available on all automotive lubricants market globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of automotive lubricants data.
4) Assess your competitor’s refining portfolio and its evolution.
About MarketResearchEngine.com
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
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