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Automotive Lubricants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

12-12-2016 01:10 PM CET | Energy & Environment

Press release from: Automotive Lubricants

Global Automotive Lubricants Market: Overview

Automotive lubricants are predominantly used to reduce friction and gain smooth functioning of a vehicle. Examples of automotive lubricant products are engine oil, gear oil, transmission fluid, greases, coolants, bearing oil, brake fluid, etc. Engine oil is estimated to expand at a significant rate during the forecast period due to increasing number of vehicles. Stringent environmental regulations on emissions across the globe is estimated to influence use of synthetic or bio-based lubricants over mineral oil based lubricants. Asia Pacific is likely to have a major share in consumption of automotive lubricants during the forecast period.

Global Automotive Lubricants Market: Scope of the Study

The report estimates and forecasts the automotive lubricants market on the global and regional levels. The study provides forecast between 2016 and 2024 based on volume (million tons / kilo tons) and revenue (US$ Bn / US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage.

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The study includes drivers and restraints for the automotive lubricants market along with their impact on demand during the forecast period. It also provides key market indicators affecting the growth of the market.

Further, the report analyzes opportunities in the automotive lubricants market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of automotive lubricants and global average price trend analysis.

Global Automotive Lubricants Market: Research Methodology

The report includes Porter’s Five Forces Model to determine the degree of competition in the automotive lubricants market. The report comprises a qualitative write-up on market attractiveness analysis, wherein end-users and regions have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for automotive lubricants between 2016 and 2024.

Secondary research sources that were typically referred to include, but were not limited to, company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

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