Automotive Lubricants Market Resilience: Meeting Changing Automotive Needs

The Global Automotive Lubricants Market report provides an overview of the market, including its size, growth projections, and key dynamics. Here are the key highlights from the report:

Market Overview:

• The Automotive Lubricants Market was valued at US$ 75,340 million in 2020.
• It is projected to grow at a CAGR of 2.5% from 2021 to 2027.
• The market is expected to reach nearly US$ 89,560 million by 2027.

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• Market Dynamics:

  • Lubricants are fluidic materials used to reduce friction between contact surfaces and prevent wear and tear.
  • Automotive Lubricants are used in applications such as engines, gears, and hydraulic systems to reduce friction, protect parts, and improve performance.
  • They play a crucial role in controlling friction, wear, and temperature in various automotive components.
  .

Global Market Segmentation:

• The market is segmented by Base oil, Product, and Application.
• Base oil: Mineral oil lubricants, synthetic and semi-synthetic oil lubricants, and bio-based oil lubricants.
• Product: Engine oil, gear oil, manual transmission fluid, brake fluids, coolants, and greases.
• Application: Transportation and industrial machinery & equipment.

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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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Market Drivers:

• High-quality lubricants are driving market growth, with major companies like ExxonMobil, BP plc, Chevron Corporation, and FUCHS making strategic moves to improve their market positions.
• Technological advancements in lubricants are aimed at increasing productivity and efficiency, enhancing engine performance, and improving fuel economy.
• Environmental regulations are pushing manufacturers to develop environmentally friendly lubricants to reduce their impact on the environment.

Market Challenges:

• The adoption of electric vehicles (EVs) is expected to reduce the demand for traditional automotive lubricants.
• The automotive industry is witnessing changes, with countries like the Netherlands and Norway planning to ban internal combustion engine cars

Regional Analysis:

• Asia-Pacific accounted for the majority of the global market share, with China being a significant player.
• Demand for upgraded and high-performance lubricants is expected to rise in the Asia-Pacific region due to the government's focus on replacing old vehicles.

Key Players:

• Key players in the market include 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, and others.

Market Outlook:

• The report helps industry stakeholders understand the current and future market trends and dynamics.
• It provides insights into the market's structure and competitive analysis.
• The data in the report is presented from 2016 to 2020, with special attention to the impact of the COVID-19 pandemic.

Scope:

• Base oil: Mineral oil lubricants, synthetic and semi-synthetic oil lubricants, and bio-based oil lubricants.
• Product: Engine oil, gear oil, manual transmission fluid, brake fluids, coolants, and greases.
• Application: Transportation and industrial machinery & equipment.

The report is a valuable resource for industry stakeholders, including decision-makers, investors, and industry leaders, providing comprehensive insights into the Global Automotive Lubricants Market.

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