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Automotive Lubricants Market Growth and Forecast 2016 - 2023

Increasing passenger car count and growing commercial activities are expected to fuel the global automotive lubricants market between 2014 and 2020. The number of passenger cars is increasing significantly in Asia Pacific which has resulted in incre
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Automotive Lubricants Market - Global
Industry Analysis, Size, Share, Trends,
Analysis, Growth and Forecast 2016 2023
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Increasing passenger car count and growing commercial activities are expected to fuel the global automotive
lubricants market between 2014 and 2020. The number of passenger cars is increasing significantly in Asia Pacific
which has resulted in increased demand for automotive lubricants in the region.
Complete Report Automotive Lubricants Market with TOC :
Lubricants play a vital role in reducing friction and wear & tear in automobiles. The property to reduce friction is
known as “lubricity.” A good lubricant is expected to possess different properties, namely high boiling point, high
viscosity index, corrosion prevention, thermal stability, low freezing point and high resistivity to oxidation. Proper
lubricant of the automotive and its parts increase the operating lifespan of vehicles, thereby providing higher
efficiency outputs. Lubricants primarily contain 90% base oils and 10% additives. These lubricants are predominantly
manufactured from mineral oils. Synthetic lubricants are being widely accepted due to their environmental
compatibility and technical benefits over conventional mineral oil-based lubricants. Synthetic lubricants offer high
performance with outstanding engine protection. A vehicle requires less maintenance and has greater operating
efficiency. The additives used in the lubricants play a very important role in improving the performance of the base
oils. The various types of additives added to the base oils are viscosity index improvers, corrosion inhibitors,
detergents, dispersants, metal deactivators and others.
The global lubricants additives market can be segmented on the basis of types into engine oil, gear oil, grease and
transmission fluids. Engine oil is expected to dominate the global automotive lubricants market during the forecast
period. Engine oils are also known as motor oils. They are used for lubrication of internal combustion engines and
reduce wear and tear, improve sealing, cool the engine and inhibit corrosion. Engine oils captured more than 70%
market share of the global automotive lubricants market. There are various standards for engine oil globally. Some of
the organizations that benchmark these standards are American Petroleum Institute (API), Japanese Automotive
Standards Organization (JASO) and Association des Constructeurs Européens d'Automobiles (ACEA). Due to
increasing disposable income in Asia Pacific countries such as China and India, the demand of cars has increased in
the region. In 2013, China ranked first in terms of passenger cars sale. The region is expected to dominate the global
automotive lubricants market during the forecast period. Europe and North America are very mature market for
automotive lubricants. These regions use high quality and low viscosity lubricants to comply with the stringent
emission norms. In Europe, the targeted permissible limit for carbon dioxide emission for a passenger car is 130
grams per kilometer for 2015. The targeted emission limit is further reduced to 95 grams per kilometer by 2021.
Increasing disposable income that results in increasing the sale of vehicles are expected to drive the global
automotive lubricants market during the forecast period. However, stringent environment regulations are forcing the
vehicle owners to use high performance lubricants that will result in lower carbon dioxide emission and better fuel
Some of the key players in the global automotive lubricants market are BP plc, Chevron Corporation, ExxonMobil
Corporation, ConocoPhillips Corporation, Fuchs Lubricants Co., LUKOIL Oil Company, Royal Dutch Shell plc, Total S.A.,
Valvoline, Idemitsu Kosan Co. Ltd., The JX Nippon Oil & Energy Co. and Repsol S.A. among others.
This research report analyzes this market on the basis of its market segments, major geographies, and
current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides
market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five
force model analysis and detailed profiles of top industry players. The report also includes a review of micro and
macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this 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 six-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 indepth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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