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Automotive Lubricants Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024

Automotive

The “Automotive Lubricants Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Automotive Lubricants market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Automotive Lubricants market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The automotive lubricants market is expected to register a CAGR of 2.45% during the forecast period of 2019 – 2024. Major factors driving the market studied are increasing automotive sales and the growing adoption of high-performance lubricants. On the other hand, extended drain intervals and the modest impact of electric vehicles (EVs) are expected to hinder the market’s growth.
  • – Engine oil dominated the market in 2018 and is expected to continue the growth during the forecast period, owing to the increasing sales of automotive across the world.
  • – Growing automotive industry in Middle East & Africa is likely to act as the opportunity in the future.
  • – Asia-Pacific dominated the market, followed by North America and Europe across the world with the largest consumption from the countries, such as China, India, the United States, and Russia, among others.<

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    In Automotive Lubricants Market Report, Following Companies Are Covered:

  • Royal Dutch Shell
  • BP Plc (Castrol)
  • Exxon Mobil Corporation
  • Total SA
  • Chevron Corporation
  • China Petrochemical Corporation (Sinopec)
  • FUCHS
  • JXTG Nippon Oil & Energy Corporation
  • Valvoline Inc.
  • Lukoil
  • PETRONAS Lubricants International
  • PT Petramina (Persero)
  • Gazpromneft
  • Lubricants Ltd
  • Indian Oil Corporation Ltd
  • Phillips 66 Lubricants
  • Petrobras
  • Tide Water Oil Co. (India) Ltd (Veedol International Ltd)
  • Motul
  • Repsol
  • SK Lubricants Co. Ltd
  • Bharat Petroleum Corporation Limited
  • Amsoil Inc.
  • Gulf Oil Lubricants India Ltd (Hinduja Group)
  • Illinois Tool Works Inc.
  • Kluber Lubrication
  • HPCL

    Automotive Lubricants Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • This report studies the global Automotive Lubricants market size, industry status and forecast, competition landscape and growth opportunity.

    Reasons for Buying Automotive Lubricants Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Increasing Usage of High Performance Lubricants

    – High-performance lubricants, also known as synthetic lubricants, are gaining popularity, due to their excellent properties over mineral oil lubricants. The synthetic lubricant segment is constantly gaining market share and is projected to be the fastest-growing segment during the forecast period.
    – Synthetic lubricants offer better and improved properties, in comparison to mineral lubricants, such as low-traction coefficient, which reduce power consumption, reduce gear wear, increase service life, and reduces flammability to increase safety.
    – This, in turn, makes them most suited for extreme high-temperature applications, and other complex and specific applications (such as heavily loaded gearboxes, etc.). However, as the average price of synthetic lubricants is almost thrice of the mineral-based lubricants, the occupation of the consumers is the main factor for the acceptance of high-performance lubricants.
    – Synthetic lubricants are mostly used in the regions of Europe and North America, followed by the usage of semi-synthetic lubricants in Asian countries. In Asia, lubricants are mostly sold under the category of Do-It-Yourself (DIY). The synthetic lubricant segment is usually driven by consumers with behavior traits, like innovativeness, information on new brands, types of products, enthusiasm toward their vehicles, etc.
    – The growing awareness about high-performance automotive lubricants is expected to continue to drive the market in the coming years.

    Asia-Pacific is Expected to Dominate the Market

    The Asia-Pacific region dominated the global market share in 2018. In the region, China is the largest lubricant market and is expected to remain so in the coming years, irrespective of the economy witnessing slow economic growth. The government is focusing on replacing obsolete vehicles, in turn, increasing the demand for improved and high performance lubricants. Whereas, India is the second-largest lubricant market in the region and the third-largest in the world. Indonesia is one of the major consumers of lubricants in the ASEAN region. Japan is the fifth-largest consumer of lubricants in the world. The Japanese automotive industry has been witnessing slow growth from the past two years, primarily due to the drastic drop in the sale and production of motor vehicles. The global market for automotive lubricants is expected to be dominated by the Asia-Pacific region during the forecast period.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Automotive Lubricants create from those of established entities?

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    Detailed TOC of Automotive Lubricants Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Increasing Automotive Sales
    4.1.2 Increasing Adoption of High-performance Lubricants
    4.2 Restraints
    4.2.1 Extended Drain Intervals
    4.2.2 Modest Impact of Electric Vehicles (EVs) in the Future
    4.3 Industry Value-Chain Analysis
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Regulatory Policy Analysis

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 Engine Oil
    5.1.2 Transmission and Hydraulic Fluids
    5.1.3 General Industrial Oil
    5.1.4 Gear Oil
    5.1.5 Grease
    5.1.6 Process Oil
    5.1.7 Other Product Types
    5.2 Geography
    5.2.1 Asia-Pacific
    5.2.1.1 China
    5.2.1.2 India
    5.2.1.3 Japan
    5.2.1.4 South Korea
    5.2.1.5 Philippines
    5.2.1.6 Indonesia
    5.2.1.7 Malaysia
    5.2.1.8 Thailand
    5.2.1.9 Vietnam
    5.2.1.10 Rest of Asia-Pacific
    5.2.2 North America
    5.2.2.1 United States
    5.2.2.2 Canada
    5.2.2.3 Mexico
    5.2.2.4 Rest of North America
    5.2.3 Europe
    5.2.3.1 Germany
    5.2.3.2 United Kingdom
    5.2.3.3 Italy
    5.2.3.4 France
    5.2.3.5 Russia
    5.2.3.6 Turkey
    5.2.3.7 Spain
    5.2.3.8 Rest of Europe
    5.2.4 South America
    5.2.4.1 Brazil
    5.2.4.2 Argentina
    5.2.4.3 Chile
    5.2.4.4 Colombia
    5.2.4.5 Rest of South America
    5.2.5 Middle East & Africa
    5.2.5.1 Saudi Arabia
    5.2.5.2 South Africa
    5.2.5.3 Qatar
    5.2.5.4 UAE
    5.2.5.5 Rest of Middle East & Africa

    6 FUTURE OF THE MARKET

    7 COMPETITIVE LANDSCAPE
    7.1 Market Share Analysis**
    7.2 Strategies Adopted by Leading Players
    7.3 Company Profiles
    7.3.1 Royal Dutch Shell
    7.3.2 BP Plc (Castrol)
    7.3.3 Exxon Mobil Corporation
    7.3.4 Total SA
    7.3.5 Chevron Corporation
    7.3.6 China Petrochemical Corporation (Sinopec)
    7.3.7 FUCHS
    7.3.8 JXTG Nippon Oil & Energy Corporation
    7.3.9 Valvoline Inc.
    7.3.10 Lukoil
    7.3.11 PETRONAS Lubricants International
    7.3.12 PT Petramina (Persero)
    7.3.13 Gazpromneft – Lubricants Ltd
    7.3.14 Indian Oil Corporation Ltd
    7.3.15 Phillips 66 Lubricants
    7.3.16 Petrobras
    7.3.17 Tide Water Oil Co. (India) Ltd (Veedol International Ltd)
    7.3.18 Motul
    7.3.19 Repsol
    7.3.20 SK Lubricants Co. Ltd
    7.3.21 Bharat Petroleum Corporation Limited
    7.3.22 Amsoil Inc.
    7.3.23 Gulf Oil Lubricants India Ltd (Hinduja Group)
    7.3.24 Illinois Tool Works Inc.
    7.3.25 Kluber Lubrication
    7.3.26 HPCL

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS
    8.1 Growing Automotive Industry in Middle East & Africa

     

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