San
Francisco 8 May 2019 The Report Automotive Lubricants Market Analysis By Product (Engine Oil, Gear Oil, Transmission
Fluids, Brake Fluids, Coolants and Greases), Competitive Insights, Strategic
Framework, And Segment Forecasts, 2018 - 2025
The global automotive lubricants market is expected to reach USD 87.1 billion by 2025, according
to a new report by Grand View Research, Inc. High engine oil demand in
passenger cars, diesel trucks, and light-duty trucks is expected to drive
global automotive lubricants industry growth over the forecast period.
Rise in middle class, urbanization, and
growing disposable income in developing countries have led to greater passenger
car sales. On a parallel level, economic growth in these regions has promoted
trade, leading to the growth of transportation sector. These factors combined
have led to increased lubricants consumption.
Engine oil segment is the largest contributor
to automotive lubricants market which was around USD 34 billion in 2016.
Engine oil is widely used in passenger cars, diesel trucks, and light-duty
trucks. They help to maintain the viscosity, ensure dependability and reduce
engine wear. Increasing drain intervals and formulation of high performance
oils to impact their consumption, thereby growth.
Access Research Report of Automotive
Lubricants Market @ http://www.grandviewresearch.com/industry-analysis/automotive-lubricants-market
Further key findings from the report suggest:
· The global automotive lubricants market
size was worth USD 57.2 billion in 2014 and is expected to grow at a CAGR of
3.7% from 2017 to 2025
· Brake fluids accounted for over 12% of the
overall volume in 2016, with the segment expected to be the fastest growing
from 2017 to 2025
· Bio-based lubricants are gaining acceptance
due to their bio-based origin coupled with stable raw material prices and
availability. Favorable government regulations for the usage of bio-based
materials are further expected to influence the global industry growth
positively
· Asia Pacific is the largest consumer with
the region characterized by high passenger car sales and a rapidly developing
aftermarket. The region is expected to grow at a CAGR of 3.5% from 2017 to 2025
· The U.S. is a highly matured region for the
industry with its dynamics influenced by high level of product innovation,
concentration of global majors, and a well-established regulatory framework
· Grease is projected to register the highest
price growth whereas coolants will witness slowest price growth during the
forecast period. Availability of advanced coolants and standard production
process are helping the prices to be maintained through the forecast
period
· Major industry participants include
ExxonMobil, Royal Dutch Shell, Total SA and British Petroleum among others
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
Grand View Research has
segmented the global automotive lubricants market on the basis of product and
region:
Product Outlook (Volume, Kilo Tons;
Revenue, USD Million; 2014 - 2025)
·
Engine Oil
·
Gear Oil
·
Transmission Fluids
·
Brake Fluids
·
Coolants
·
Greases
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Automotive Lubricants Market@ https://www.grandviewresearch.com/press-release/global-automotive-lubricants-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
