Global Automotive Lubricants Market, By Base Oil (Mineral Oil, Bio-based, Synthetic, Semi-synthetic

Published Date: | Report Code : AT1920909

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The automotive lubricants market growth is expected to gain high momentum during the forecast period due to complex engine and transmission system designs.

Increasing complex designs for automotive engines, transmission systems, is leading to the demand for more advanced lubricants to operate in extreme conditions. Moreover, recycling is another key factor influencing the growth of the automotive lubricants market. The automotive sector has witnessed recovery in a few years. Moreover, lubricants form key constituents of automotive aftermarket consumables. Moreover, the average life of vehicles has expanded to 11 years due to automotive lubricants.

An automotive lubricant is a substance, typically natural, introduced to carry out two essential tasks. The first one is to control friction and wear, which it does by isolating the two collaborating machine surfaces with a film. The second task is temperature control. The automotive lubricant retains heat, diverts it from the component, and disseminates it in the sump or a cooler.

Key Factors Impacting Market Growth:

  • Complex engine and transmission system designs
  • Stringent norms on carbon emissions
  • Investments in R&D activities
  • Rising consumer awareness and affordability
  • Rising adoption of electric vehicles may restrain market growth

Regional Analysis: 

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the automotive lubricants market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with several global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the automotive lubricants market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the automotive lubricants market in the region. 

Asia Pacific is estimated to be the fastest-growing region for the automotive lubricants market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the automotive lubricants market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: 

Shell, ExxonMobil, TOTAL, Chevron, FUCHS, Valvoline, Idemitsu Kosan, Lukoil, JX Group, and BP Castrol… 

Market Segmentation:

By Base Oil:

  • Mineral Oil Lubricants
  • Bio-Based Lubricants
  • Synthetic Lubricants
  • Semi-synthetic Lubricants

By Vehicle Type:

  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)
  • Passenger Cars
  • Other Motor Vehicles

By Application:

  • Transmission Fluids (Manual/Automatic)
  • Engine Oil
  • Gear & Brake Oil
  • Coolants
  • Greases
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico, Rest of North America)
    • By Base Oil
    • By Vehicle Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Base Oil
    • By Vehicle Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Base Oil
    • By Vehicle Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Base Oil
    • By Vehicle Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Base Oil
    • By Vehicle Type
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the automotive lubricants market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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