Automotive Lubricants Market size was valued at US$ 75340 Mn. in 2020 and the total revenue is expected to grow at 2.5 % through 2021 to 2027, Automotive Lubricants Market is reaching nearly US$ 89560 Mn. by 2027.

Automotive Lubricants Market Report Overview

The Automotive Lubricants market report is a comprehensive analysis of the Automotive Lubricants Market, drawing on both primary and secondary research methods. It provides a detailed analysis of the global and regional market size and share, as well as an in-depth analysis of the Automotive Lubricants market dynamics and regional insights. This makes the report an invaluable resource for investors and other stakeholders interested in the Automotive Lubricants market.

Automotive Lubricants Market Report Scope and Research Methodology

The report provides a detailed analysis of the Automotive Lubricants market dynamics, including opportunities, restraints, challenges, and drivers. The primary and secondary research methods were used to collect and verify the data for the Automotive Lubricants market report.

Primary research involved interviews with key players in the Automotive Lubricants industry, including companies, suppliers, and distributors. The interviews were conducted to understand the current state of the Automotive Lubricants market, as well as the opportunities and challenges facing the industry.

Secondary research involved a review of industry publications, government reports, and other relevant sources. This research was used to gather additional information about the Automotive Lubricants market, such as market size, trends, and regulations.

The report also includes a SWOT analysis of the Automotive Lubricants industry. The SWOT analysis identifies the strengths, weaknesses, opportunities, and threats facing the industry. This information can be used by businesses to develop strategies to capitalize on the opportunities and mitigate the threats.

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Automotive Lubricants Market Dynamics

With over 40 million tons sold in 2019, automotive lubricants make up the majority of lubricant use worldwide. 55% of the world's lubricants market is made up of automotive lubricants, and over the course of the projection period, there should be significant potential due to the demand for high-quality lubricants. BP plc, FUCHS, ExxonMobil, and Chevron Corporation are a few of the leading players in the automotive lubricants industry, holding a sizeable portion of the worldwide market. Leading companies have improved their market positions in the worldwide automotive lubricants market by strategic acquisitions, mergers, and projection periods in recent years. Commonly used to lubricate internal combustion engines, internal combustion engine oils typically consist of 10–25% additive and 75–90% basic oils. 

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Automotive Lubricants Market Regional Analysis

The report includes a detailed analysis of several key countries including Automotive Lubricants market size, CAGR, drivers, restraints, opportunities, challenges and a detailed analysis of key players. The regions and the countries covered in the report are:

• North America (U.S., Canada, Mexico)
• Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
• Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC)
• South America (Brazil)
• The Middle East and Africa

Automotive Lubricants Market Segmentation

by Base oil

• Mineral oil Lubricants
• Synthetic and Semi-Synthetic Oil Lubricants
• Bio-Based Oil Lubricants

The market is divided into submarkets based on product, including coolants and greases, engine oil, gear oil, manual transmission fluid, brake fluids, and gear oil. Engine oils are widely used to lubricate internal combustion engines. They are composed of 75–90% base oils and 10–25% additives. They are frequently used to reduce internal engine wear, prevent corrosion, and ensure smooth operation. To enhance heat transfer and lessen strain during component contact, they function by creating a thin layer between the moving parts.

by Product

• Engine oil
• Gear oil
• Manual Transmission Fluid
• Brake Fluids
• Coolants and Greases

by Application

• Transportation
• Industrial Machinery & Equipment

car production reached over 67.47 million in Q3 2019 and is expected to drop to over 52 million in Q3 2020, a 23% decrease. This has hindered the growth of the automotive lubricants industry by reducing demand for greases, engine oils, and other lubricants. Most diesel and gasoline engines in light and large vehicles use viscosity-grade oils, typically 10W40 or 15W40 in viscosity. Global production of light commercial vehicles was estimated to be 15.37 million in Q3 2019, and by Q3 2020, it is predicted to have dropped to 11.79 million, or around 23.2%. Consequently, there was a decline in the market for engine oils, which hurt the expansion of the automotive lubricants industry.

Automotive Lubricants Market Key Players

• Royal Dutch Shell Plc.
• Exxon Mobil Corporation
• Total S.A.
• BP Plc.
• Chevron Corporation
• Petro China Company Limited
• Valvoline
• BASF SE
• Indian Oil Corporation Ltd.
• FUCHS Lubricants.
• Chevron Corporation
• KMG Chemicals
• Oryx Energies
• KenolKobil
• Oil Libya
• Sinopec
• Pennzoil-Quaker State
• Equilon
• Burmah Castrol
• Lukoil
• Idemitsu

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Key Questions answered in the Automotive Lubricants Market Report are:

• What is Automotive Lubricants ?
• What was the Automotive Lubricants Market size in 2022?
• What will be the CAGR of the Automotive Lubricants market during the forecast period?
• Which region held the largest Automotive Lubricants market share in 2022?
• What are the opportunities for the Automotive Lubricants Market?
• What are the factors driving the Automotive Lubricants market growth?
• What factors are hampering the Automotive Lubricants market growth?
• Which company held the largest share in the Automotive Lubricants market?
• What key trends are likely to emerge in the Automotive Lubricants market in the coming years?
• What growth strategies are the players considering to increase their presence in Automotive Lubricants Market?

Key offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis of segments and sub-segments
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

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