Auto Lubricants Market Analysis, Overview and Forecast by 2017-2022
Auto lubricant market is expected to witness rapid growth in the near future due to rising demand for heavy and light passenger vehicles.
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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<strong>Auto</strong> <strong>Lubricants</strong> <strong>Market</strong> <strong>2017</strong>-<strong>2022</strong>: Key Indicators,<br />
Opportunity <strong>and</strong> Growth <strong>Forecast</strong><br />
<strong>Auto</strong> lubricant market is expected to witness rapid growth in the near future<br />
due to rising dem<strong>and</strong> for heavy <strong>and</strong> light passenger vehicles. With rise in<br />
disposable income <strong>and</strong> rapid improvement in living st<strong>and</strong>ards the dem<strong>and</strong> for<br />
auto lubricant is expected to increase over the forecast period.<br />
<strong>Auto</strong> lubricant market is expected to witness rapid growth in the near future due to rising dem<strong>and</strong><br />
for heavy <strong>and</strong> light passenger vehicles. With rise in disposable income <strong>and</strong> rapid improvement in living<br />
st<strong>and</strong>ards the dem<strong>and</strong> for auto lubricant is expected to increase over the forecast period. Lubricant<br />
is a type of substance that has the capability of reducing friction between mutually contacted surfaces<br />
that ultimately reduces the heat generated due to friction. Lubricity is the property to reduce friction.<br />
It also has the function of transporting foreign particles, transmitting forces, or heating & cooling the<br />
surfaces. It has several favorable properties due to which this have applications in automobiles. Major<br />
properties include corrosion prevention, hydraulic stability, high viscosity index, high resistance to<br />
oxidation, demulsibility <strong>and</strong> thermal stability.<br />
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Rising dem<strong>and</strong> for light <strong>and</strong> heavy commercial vehicles is presumed to fuel the dem<strong>and</strong> for the auto<br />
lubricant market. Several stringent regulations are expected to complement the growth for this<br />
market. With product development the lifespan of automobiles are estimated to increase which is<br />
expected to have positive impact on the auto lubricant sector over the eight year period. Rising living<br />
st<strong>and</strong>ards coupled with increase in disposable income is presumed to further boost the market<br />
growth. Several advantageous properties of lubricant is presumed to drive the market dem<strong>and</strong> in the<br />
near future. Rapid production of automobiles in the near future is estimated to boost the dem<strong>and</strong> for<br />
auto lubricant. <strong>Auto</strong> lubricants have several applications such as passenger car, heavy commercial car<br />
(HCV) <strong>and</strong> light commercial cars (LCV) huge dem<strong>and</strong> in this application sector is presume to have<br />
positive impact on the market growth.<br />
Volatile raw material price is expected to restrict the market growth over the forecast period. Several<br />
mergers <strong>and</strong> acquisitions coupled with huge production in developing countries are expected to open<br />
new opportunity for the market participants in the near future. The adaptation of lubricants that are<br />
bio-based is expected to drive the market. The report defines size of the global auto lubricant industry<br />
<strong>and</strong> provides detail analysis of the segments based on application, vehicle <strong>and</strong> region. The market is<br />
segmented based on application as engine lubricant, transmission lubricant <strong>and</strong> brake lubricant.<br />
Based on vehicle type the market is classified as passenger car, heavy commercial car (HCV) <strong>and</strong> light<br />
commercial cars (LCV). Huge growth in automobile sector is presumed to contribute for the growth<br />
of auto lubricant market.<br />
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Major regional markets include Europe, Asia Pacific, North America, Central & South America, <strong>and</strong><br />
Middle East <strong>and</strong> Africa. Developing region such as china is projected to dominate the regional market<br />
of auto lubricant owing to rapid automobile production in the near future. China has dominated the<br />
automobile market in the recent past owing to rising living st<strong>and</strong>ards <strong>and</strong> increase in disposable<br />
income. China is expected to show similar trend over the forecast period. Developed region such as<br />
North America <strong>and</strong> Europe has witnessed tremendous growth due to huge dem<strong>and</strong> for light <strong>and</strong> heavy<br />
vehicles in recent past. However, this region is estimated to have slow growth due to presence of<br />
established market in this region. Emerging economies such as India <strong>and</strong> China are expected to have<br />
huge growth over the forecast period.
Industry participants are investing heavily on research <strong>and</strong> development to innovate better quality<br />
product in order to gain competitive advantage. The market players are expected to take strong<br />
measures to obtain highest market share <strong>and</strong> provide vast product portfolio. Prominent industry<br />
participants include Royal Dutch Shell PLC, Exxon Mobil Corporation, Total S.A., JX Holdings, Inc.,<br />
Sinopec Corporation, British Petroleum PLC, Chevron Corporation, Lukoil OAO, Petronas <strong>and</strong> Idemitsu<br />
Kosan Company Ltd.<br />
Geographically, this report is segmented into several key Regions, with production, consumption,<br />
revenue (million USD), market share <strong>and</strong> growth rate of <strong>Auto</strong> <strong>Lubricants</strong> in these regions, from<br />
2012 to <strong>2022</strong> (forecast), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India<br />
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Global <strong>Auto</strong> <strong>Lubricants</strong> market competition <strong>by</strong> top manufacturers, with production, price, revenue<br />
(value) <strong>and</strong> market share for each manufacturer; the top players including<br />
• Shell<br />
• ExxonMobil<br />
• BP<br />
• TOTAL<br />
• Chevron<br />
• FUCHS<br />
• Valvoline<br />
• Idemitsu Kosan<br />
• Lukoil<br />
• JX Group<br />
• SK <strong>Lubricants</strong><br />
• ConocoPhillips
• Hyundai Oilbank<br />
• Sinopec<br />
• CNPC<br />
• DongHao<br />
• LOPAL<br />
• Copton<br />
• Luroda<br />
• Jiangsu Gaoke<br />
Read Detail <strong>Market</strong> Research Report @<br />
https://www.millioninsights.com/industry-reports/auto-lubricants-market<br />
On the basis of product, this report displays the production, revenue, price, market share <strong>and</strong><br />
growth rate of each type, primarily split into<br />
• Grease <strong>and</strong> Transmission Fluids<br />
• Gear Oil<br />
• Engine Oil<br />
• Other<br />
On the basis on the end users/applications, this report focuses on the status <strong>and</strong> outlook for<br />
major applications/end users, consumption (sales), market share <strong>and</strong> growth rate of <strong>Auto</strong><br />
<strong>Lubricants</strong> for each application, including<br />
• Coolant-Engine & HVAC<br />
• Lubricant-Engine<br />
• Brake & Transmiss
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