Auto lubricant market is expected to witness rapid growth in the near future due to rising demand for heavy and light passenger vehicles.
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Opportunity and Growth Forecast
Auto lubricant market is expected to witness rapid growth in the near future
due to rising demand for heavy and light passenger vehicles. With rise in
disposable income and rapid improvement in living standards the demand for
auto lubricant is expected to increase over the forecast period.
Auto lubricant market is expected to witness rapid growth in the near future due to rising demand
for heavy and light passenger vehicles. With rise in disposable income and rapid improvement in living
standards the demand for auto lubricant is expected to increase over the forecast period. Lubricant
is a type of substance that has the capability of reducing friction between mutually contacted surfaces
that ultimately reduces the heat generated due to friction. Lubricity is the property to reduce friction.
It also has the function of transporting foreign particles, transmitting forces, or heating & cooling the
surfaces. It has several favorable properties due to which this have applications in automobiles. Major
properties include corrosion prevention, hydraulic stability, high viscosity index, high resistance to
oxidation, demulsibility and thermal stability.
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Rising demand for light and heavy commercial vehicles is presumed to fuel the demand for the auto
lubricant market. Several stringent regulations are expected to complement the growth for this
market. With product development the lifespan of automobiles are estimated to increase which is
expected to have positive impact on the auto lubricant sector over the eight year period. Rising living
standards coupled with increase in disposable income is presumed to further boost the market
growth. Several advantageous properties of lubricant is presumed to drive the market demand in the
near future. Rapid production of automobiles in the near future is estimated to boost the demand for
auto lubricant. Auto lubricants have several applications such as passenger car, heavy commercial car
(HCV) and light commercial cars (LCV) huge demand in this application sector is presume to have
positive impact on the market growth.
Volatile raw material price is expected to restrict the market growth over the forecast period. Several
mergers and acquisitions coupled with huge production in developing countries are expected to open
new opportunity for the market participants in the near future. The adaptation of lubricants that are
bio-based is expected to drive the market. The report defines size of the global auto lubricant industry
and provides detail analysis of the segments based on application, vehicle and region. The market is
segmented based on application as engine lubricant, transmission lubricant and brake lubricant.
Based on vehicle type the market is classified as passenger car, heavy commercial car (HCV) and light
commercial cars (LCV). Huge growth in automobile sector is presumed to contribute for the growth
of auto lubricant market.
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Major regional markets include Europe, Asia Pacific, North America, Central & South America, and
Middle East and Africa. Developing region such as china is projected to dominate the regional market
of auto lubricant owing to rapid automobile production in the near future. China has dominated the
automobile market in the recent past owing to rising living standards and increase in disposable
income. China is expected to show similar trend over the forecast period. Developed region such as
North America and Europe has witnessed tremendous growth due to huge demand for light and heavy
vehicles in recent past. However, this region is estimated to have slow growth due to presence of
established market in this region. Emerging economies such as India and China are expected to have
huge growth over the forecast period.
Industry participants are investing heavily on research and development to innovate better quality
product in order to gain competitive advantage. The market players are expected to take strong
measures to obtain highest market share and provide vast product portfolio. Prominent industry
participants include Royal Dutch Shell PLC, Exxon Mobil Corporation, Total S.A., JX Holdings, Inc.,
Sinopec Corporation, British Petroleum PLC, Chevron Corporation, Lukoil OAO, Petronas and Idemitsu
Kosan Company Ltd.
Geographically, this report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Auto Lubricants in these regions, from
2012 to 2022 (forecast), covering
• North America
• Southeast Asia
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Global Auto Lubricants market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
• Idemitsu Kosan
• JX Group
• SK Lubricants
• Jiangsu Gaoke
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On the basis of product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Grease and Transmission Fluids
• Gear Oil
• Engine Oil
On the basis on the end users/applications, this report focuses on the status and outlook for
major applications/end users, consumption (sales), market share and growth rate of Auto
Lubricants for each application, including
• Coolant-Engine & HVAC
• Brake & Transmiss
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