Press release
Automotive Lubricants Market 2018-2027 Global Key Players: ExxonMobil Corporation, Chevron Corporation, Fuchs Lubricants, ConocoPhillips Corporation, BP
Automotive Lubricants Market 2018
Automotive Lubricants Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2027. Automotive Lubricants Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2027
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
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Market Synopsis of Automotive Lubricants
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.
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.
Automotive Lubricants Market – Segmentation
The Automotive Lubricants Market can be segmented in to 2 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type - Engine oil, Gear oil, Grease, Transmission fluids, Engine coolant, and other fluids
Segmentation by vehicle- Light, Commercial, and Heavy
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
Industry/ Innovation/ Related News:
August 2017- ExxonMobil has launched oil - Mobil Super 3000 for petrol and diesel engines in India. It is designed to deliver enhanced engine protection and performance at both very low and high operating temperatures. The engine oil is suitable for both petrol and diesel variants of passenger vehicles.
April 2017- Volkswagen Group UK announced a partnership with Fuchs Lubricants (UK) plc for replacing Castrol as the lubricants supplier for Trade Parts Specialists’ (TPS) Quantum range of oils. This partnership enabled Fuchs to provide several additional product and service improvements, which included environmentally friendly packaging formats, improved trade pricing, VRN look-up facilities, technical support and specialist branch training.
August 2004- BP PLC and Petrolub International agreed to merge their automotive lubricant businesses in Japan and create a new company called BP Castrol KK. This merger would bring together the strong lubricant brands of the BP Group in Japan and will create a broader platform from which to develop the business further.
January 2004- ChevronTexaco Global Lubricants entered into an agreement with TravelCenters of America for supply of coolants. This helps to strengthen the position in the Canada and the United States marketplace and increases the product availability throughout North America. The product is recommended for use in all heavy-duty vehicles.
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