Automotive lubricant is a substance introduced to reduce friction between moving surfaces. It may also have the function of transporting foreign particles. The property of reducing friction is known as lubricity (or slipperiness).
Automotive lubricant as its name implies have to perform in different types of vehicles both petrol and diesel under a variety of operating conditions. Modern vehicles are fuel efficient and comfortable with high levels of performance. They are required to meet stringent emission norms. Quality requirement of such lubricants are established by the Society of Automotive Engineers (SAE) and are specified in its classification system.
The global Automotive Lubricants market size is projected to reach US$ 152910 million by 2026, from US$ 134510 million in 2020, at a CAGR of 2% during 2021-2027.
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Following are the segments covered by the report are:
- Gasoline Lubricants
- Diesel fuel Lubricants
By Application:
- Passenger Cars
- LCVs/HCVs
The Key manufacturers that are operating in the global Automotive Lubricants market are:
- Hyundai Oilbank
- Sinopec
- CNPC
- DongHao
- LOPAL
- Copton
- LURODA
- Jiangsu Gaoke
A full report of Global Automotive Lubricants Market is available at: https://www.orionmarketreports.com/automotive-lubricants-market/26748/
Scope of the Report
The research study analyzes the global Automotive Lubricants industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Lubricants Market Report
1. What was the Automotive Lubricants Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Automotive Lubricants Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Lubricants Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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