Shibuya-ku, Tokyo, Japan, Japan, Oct 19, 2021, 02:07 /Comserve / -- Global Automotive Lubricants Market - With the increasing levels of on-road passenger car traffic, the aftermarket demand for automotive lubricants is on a steady surge.
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Global Automotive Lubricants Market - With the increasing levels of on-road passenger car traffic, the aftermarket demand for automotive lubricants is on a steady surge. The growing demand for high-end luxurious automobiles across the globe, due to factors such as an increased purchasing power and improving infrastructural facilities of several developing nations is expected to expand the market size of the Global Automotive Lubricants market in the future. According to MarkNtel Advisors’ research report titled “Global Automotive Lubricants Market Analysis, 2020”, the Global Automotive Lubricants market is anticipated to grow at a CAGR of around 5% during 2020-25. The increasing awareness among consumers about high-quality lubricants, interloped with their amplified purchasing power, has been driving the market for automotive lubricants.
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However, depleting oil reserves and the increasing shift in preference toward electric vehicles has been posing as challenges for the Global Automotive Lubricants market growth. Base oils such as crude oil, shale oil, and Condition-based Maintenance (CBM), are refined and then injected with additives to form the lubricant and then applied in the automotive. With a gradual depletion in the crude oil reserves, the lubricant market is witnessing a decline in the supply of raw material. Furthermore, the escalating sales of electric vehicles due to supportive government policies have been posing as a threat to the overall growth of the Automotive Lubricants market. The electric vehicles operate only on batteries, and this eliminates the necessity of engine oils in the EVs.
The mineral oil type acquired the majority market share in 2019, as stated in the MarkNtel Advisors’ research report “Global Automotive Lubricants Market Analysis, 2020”. However, with the increasing awareness about the availability and benefits of high-performance lubricants such as synthetic and semi-synthetic lubricants, the two segments are expected to experience the highest CAGR during 2020-25. The synthetic lubricants offer improved performance over the mineral lubricants. The synthetic lubricants offer performance efficiency in the form of reduced power consumption, low carbon-emissions, reduced gear-wear, and increase service life.
Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-115851
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Automotive Lubricants Market Analysis, Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast 2020
According to MarkNtel Advisors’, some the of key competitors operating in the Global Automotive Lubricants market include Exxon Mobil, Royal Dutch Shell, British Petroleum, Total SA, Chevron Corp., Fuchs Group, Petronas Lubricant International Sdn, Amsoil Inc., and others.
Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Automotive Lubricants Market?
2. What are the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Automotive Lubricants Market?
4. Who are the key competitors or market players and how they perform in Global Automotive Lubricants Market on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Automotive Lubricants Market study?
TABLE OF CONTENT
1. Introduction
1.1. Research Process
1.2. Assumption
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Automotive LubricantsMarket Outlook, 2015- 2025F
4.1. Market Size and Analysis
4.1.1. By Revenues
4.1.2. By Quantity
4.2. Market Share and Analysis
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