Dublin, Aug. 01, 2022 (GLOBE NEWSWIRE) -- The "Automotive Lubricants Market Size, Share, Trends, By Base Oil, By Vehicle Type, By Application and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global automotive lubricants market size is expected to reach USD 97.59 Billion in 2030 and register a revenue CAGR of 5.3% over the forecast period, according to the latest report. The automotive lubricants industry is gaining momentum due to the rapid industrialization and economic development in developing countries.
The automotive lubricants market growth is further augmented by the rising demand for passenger cars and commercial vehicles. In addition, the stringent emission standards set by various government organizations are expected to fuel the market demand over the forecast period.
Automotive lubricant is a fluidic material used for reducing friction or resistance between two surfaces in contact with each other. Lubricants are derived from either natural sources such as animals and plants, or petroleum products. The automotive lubricants market is growing at a significant rate owing to the increase in demand for automobiles globally.
Automotive lubricants play an important role in the safe and efficient operation of a vehicle. These fluids provide a barrier between moving parts to reduce friction, prevent wear and protect against corrosion. Automotive lubricants are generally classified by their properties, such as viscosity, volatility and compatibility with different materials.
The global automotive lubricants market is anticipated to grow on account of rising demand for personal mobility amid COVID-19 pandemic. Moreover, growing preference for long distance travelling is projected to supplement the market growth. Rapid industrialization and urbanization are expected to create new opportunities for market players operating in Asia Pacific over the forecast period. Increasing focus on developing efficient and eco-friendly automotive lubricants is expected to create new opportunities for market players over the next decade.
Some Key Highlights from the Report
- In January 2022. Lucas Oil Products, Inc. was the largest player in the automotive lubricants market with a revenue of USD 1.4 billion. This was followed by ExxonMobil Corporation, Royal Dutch Shell plc, and Chevron Corporation.
- Synthetic oil is being increasingly adopted in the automotive industry due to its superior performance as compared to conventional mineral oils. Automotive lubricants are used for reducing friction and wear & tear of various automotive components, thereby ensuring their smooth functioning.
- Passenger Cars segment accounted for largest revenue share in 2020.The global automotive lubricants market by vehicle type is segmented into passenger cars, commercial vehicles, motorcycles, and other vehicles. Among these, passenger cars segment accounted for largest revenue share in 2020 owing to the large-scale production of passenger cars across the globe. The segment is projected to register fastest CAGR over the forecast period.
- projected to grow at a rapid pace over the forecast period. The automotive lubricants market growth is attributed to the increase in demand for automotive engine oil due to its superior properties, including excellent wear protection, corrosion resistance, and ability to maintain viscosity under high temperatures.
- The Asia Pacific region is expected to dominate the global automotive lubricants market due to the growing demand from the automotive industry in this region. China is one of the leading countries in the Asia Pacific region and is anticipated to contribute significantly to the regional market growth over the forecast period. The North American region is expected to be the second-largest market for automotive lubricants due to the presence of leading market players in this region.
Companies profiled in the global market report includes Castrol Limited, Gulf Oil International, Panama Petrochem Ltd., GP Petroleums Ltd., Shell International B.V., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Valvoline Inc. and Petroleo Brasileiro S.A.
Key Topics Covered:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Automotive Lubricants Market Segmentation & Impact Analysis
4.1. Automotive Lubricants Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increase in demand for efficient and cost-effective lubricants across OEMs
4.2.2.2. Rising demand for light passenger vehicles and heavy-duty vehicles
4.2.2.3. Stringent emission norms imposed by government in developing and developed economies
4.2.3. Market restraints analysis
4.2.3.1. High volatility in prices of raw materials
4.2.3.2. Growing popularity of electric vehicles
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Price trend Analysis
4.6. Customer Mapping
4.7. Covid-19 Impact Analysis
4.8. Global Recession Influence
Chapter 5. Automotive Lubricants Market By Base Oil Insights & Trends
5.1. Base Oil Dynamics & Market Share, 2021 & 2030
5.2. Mineral Oil
5.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.2.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
5.3. Synthetic
5.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.3.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
5.4. Semi-Synthetic
5.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.4.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
5.5. Bio-Based Lubricants
5.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.5.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
Chapter 6. Automotive Lubricants Market By Vehicle Type Insights & Trends
6.1. Vehicle Type Dynamics & Market Share, 2021 & 2030
6.2. Passenger Cars
6.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.2.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
6.3. Light Commercial Vehicles
6.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
6.4. Heavy Commercial Vehicles
6.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.4.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
6.5. Others
6.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.5.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
Chapter 7. Automotive Lubricants Market By Application Insights & Trends
7.1. Application Dynamics & Market Share, 2021 & 2030
7.2. Engine Oil
7.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.2.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
7.3. Gear Oil
7.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.3.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
7.4. Brake Fluids
7.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.4.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
7.5. Transmission Fluids
7.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.5.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
7.6. Coolants
7.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.6.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
7.7. Greases
7.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.7.2. Market estimates and forecast, By Region, 2018 - 2030 (USD Billion)
Chapter 8. Automotive Lubricants Market Regional Outlook
Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. Castrol Limited
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Gulf Oil International
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Panama Petrochem Ltd.
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. GP Petroleums Limited
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Shell International B.V.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
10.6. Chevron Corporation
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Technology Insights
10.6.4. Strategic Initiatives
10.7. Exxon Mobil Corporation
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Technology Insights
10.7.4. Strategic Initiatives
10.8. Fuchs Petrolub SE
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Technology Insights
10.8.4. Strategic Initiatives
10.9. Valvoline Inc.
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Technology Insights
10.9.4. Strategic Initiatives
10.10. Petroleo Brasileiro S.A.
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Technology Insights
10.10.4. Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/3o382b
