Automotive lubricants market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024-2031). Automotive lubricant is a specialized fluid that reduces friction and wear between moving parts in an automobile’s engine and other mechanical components. The growth of the market is attributed to the rising number of passenger vehicles, the expansion […]
Tag Archives: Automotive Lubricants Market
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 […]
The Automotive Lubricants Market size is expected to grow at an annual average of 7% during 2021-2027. Automotive lubricants improve the overall durability and function of a vehicle and protect it from wear, friction and high temperatures. Growing consumer preference for high-quality synthetic automotive lubricants is a key factor driving market growth. Automotive lubricants are […]