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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
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