Skip to main content

Automotive Lubricants Market Trend, Segmentation and Forecast to 2025

cHigh engine oil demand in passenger cars, diesel trucks, and light-duty trucks is expected to drive global automotive lubricants industry growth over the forecast period. The Global Automotive Lubricants Market is expected to reach USD 87.1 billion by 2025, according to a new report by Grand View Research, Inc.


Rise in middle class, urbanization, and growing disposable income in developing countries have led to greater passenger car sales. On a parallel level, economic growth in these regions has promoted trade, leading to the growth of transportation sector. These factors combined have led to increased lubricants consumption.

Engine oil segment is the largest contributor to automotive lubricants market which was around USD 34 billion in 2016.  Engine oil is widely used in passenger cars, diesel trucks, and light-duty trucks. They help to maintain the viscosity, ensure dependability and reduce engine wear. Increasing drain intervals and formulation of high performance oils to impact their consumption, thereby growth.

The Global Automotive Lubricants Market size was worth USD 57.2 billion in 2014 and is expected to grow at a CAGR of 3.7% from 2017 to 2025. Brake fluids accounted for over 12% of the overall volume in 2016, with the segment expected to be the fastest growing from 2017 to 2025.

To Know More About Automotive Lubricants Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/automotive-lubricants-market

Bio-based lubricants are gaining acceptance due to their bio-based origin coupled with stable raw material prices and availability. Favourable government regulations for the usage of bio-based materials are further expected to influence the global industry growth positively.

Top Players of Automotive Lubricants Market:

Major industry participants include ExxonMobil, Royal Dutch Shell, Total SA and British Petroleum among others.

Market Segmentation of Automotive Lubricants Market:

The Global Automotive Lubricants Market segmented on the basis of Product and Region.

By Product:

    Engine Oil
    Gear Oil
    Transmission Fluids
    Brake Fluids
    Coolants
    Greases

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East & Africa

Inquire about Automotive Lubricants Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4548
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Point of Entry Water Treatment Systems Market Competitive Landscape by 2025

Growing public awareness towards healthy lifestyle along with increasing water pollution is projected to drive the market over the forecast period. The Global Point of Entry Water Treatment Systems Market is estimated to be valued at USD 9.95 billion by 2025, according to a new report by Grand View Research, Inc. Exponential growth in the global population has exerted considerable pressure on the existing water resources available for human consumption, in turn augmenting the dependence on groundwater owing to its easy availability. However, improper disposal of wastewater generated in agricultural and industrial areas has led to largescale contamination of groundwater in urban areas, enhancing the global point of entry water treatment systems market by 2025. Favorable government regulations to ensure the supply of healthy drinking water is predicted to boost market growth over the forecast period. The growing investments towards development of efficient point of entry water t...
Post a Comment
Read more

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...
Post a Comment
Read more