Automotive Lubricants - Global Market Outlook (2016-2022)

According to Stratistics MRC, the Global Automotive Lubricants market is expected to grow from $41.26 billion in 2015 to $ 78.96 billion by 2022 with a CAGR of 9.7%. Growth in the sale of vehicles and strict environment regulations are causing the vehicle owners to consume high performance lubricants, which in turn is driving the market demand. Furthermore, high demand from automotive, industrial machinery and construction are expected to drive industry growth over the forecast period. However, volatility in oil prices is hindering the market growth.

North America and Europe are matured markets for automotive lubricants. Asia Pacific is the fastest growing market, strongly driven by the rising demand for cars owing to the growing disposable income in India and China. Engine oil is estimated to command the global automotive lubricants market during the forecast period. Industrial lubricants appeared as the prominent segment. It is attributed to increased industrial production in metal forming, mining and machining industries with capacity expansions having significant demand in the global industry.

Some of the key players in global automotive lubricants market include Amsoil Inc., Blaser Swisslube AG, British Petroleum, Buhmwoo Chemical Ind. Co., Ltd., Castrol, Chevron, Exxon Mobil, Fuchs Group, Idemitsu Oil & Gas Co. Ltd., Kendall (Phillips 66), Luk Oil, Nippon Oil, Pennzoil, Petrobras, PetroChina, PetroFer Chemie, Petronas, Quaker Chemical Corporation, Shell, Sinopec Corp., Total, Valvoline, and Zeller+Gmelin Corporation.

Lubricant Types Covered:
• Gear Oil
• Engine Oil
• Grease
• Transmission Fluids

Products Covered:
• Passenger Vehicle & Motor Oil
• Commercial Automotive
• Industrial
o General Industrial Oils
o Industrial Engine Oils
o Metal Working Fluids
o Process Oils
o Other Industrial Lubricants

Applications Covered:
• Aerospace Equipment
• Agricultural Equipment
• Railroad Equipment
• Marine Equipment
• Construction Equipment
• Recreational Equipment
• Motor Vehicles
o Light Vehicles
o Heavy Duty Trucks & Buses

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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This release was published on openPR.