Press release
Automotive Lubricants Market Perceives Enormous Accruals with A Striking CAGR; Asserts MRFR
Global Automotive Lubricants Market Information Report by Type (Engine oil, Gear oil, Grease, Transmission fluids, Engine coolant, and Other fluids), by Vehicle (Light, Commercial, and Heavy), and by Region - Forecast to 2027
Market Scenario
Increasing number of automobiles globally and rapid surge in commercial activities has been one of the key factors of growth in the Automotive Lubricants Market. Growing number of passenger cars, growing popularity of Motor Sport and Auto Racing has also contributed to the growth of the Automotive Lubricants Market. Increasing demand for passenger and commercial vehicles is also going to fuel the demand in the Automotive Lubricants market.
Segments:
The Automotive Lubricants market has been segmented on the basis of type as engine oil, gear oil, grease, transmission fluids, engine coolant, and other fluids. On the basis of vehicle the market has been segmented as light, commercial, and heavy.
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Key Player
Some of the key players in the Automotive Lubricant market are ExxonMobil Corporation(U.S.A), Chevron Corporation(U.S.A), Fuchs Lubricants Co.(U.S.A), ConocoPhillips Corporation(U.S.A), BP plc (U.K.), LUKOIL Oil Company (Russia), IDEMITSU Kosan Co. Ltd.(Japan), Royal Dutch Shell plc (Netherlands), Total S.A. and Valvoline (U.S.A) among others.
Regional Analysis of Automotive Lubricants Market
Asia-Pacific is one of the dominant regions for the Automotive Lubricants market. Increasing demand due to increasing population in the Asia-Pacific region is one of the key factors for the high growth in this region. North America and Europe being one of the saturated markets are showing steady growth in the Automotive Lubricants market.
North America
• U.S.
• Canada
• Mexico
South America
• Brazil
• Argentina
• Venezuela
• Rest Of South America
Europe
• U.K
• Netherlands
• France
• Italy
• Rest Of Europe
Asia– Pacific
• China
• India
• Indonesia
• Malaysia
• Rest of Asia Pacific
Middle East
• Saudi
• UAE
• Kuwait
• Qatar
• Rest Of Middle East
Africa
• Nigeria
• Egypt
• Rest Of Africa
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Industry News:
September 2017, Automotive lubricants giant Repsol (Spain) announces its plans to double its annual India sales over the next decade. The Spanish company, which operates through its Indian partner G.P. Petroleum Ltd. (GPPL), aims to capture 5% market share in the country’s automotive lubricant segment.
October 2017, Eterna Oil Plc. said that the company has invested over N3 billion to further expand its lubricant oil plants operations to promote local content drive in oil and gas sector.
Automotive Lubricants Global Market – Segments
The Global Automotive Lubricants Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Type : Comprises Engine oil, Gear oil, Grease, Transmission fluids, Engine coolant, and other fluids.
Segmentation By Vehicle : Comprises Light, Commercial, and Heavy.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com
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