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Automotive Lubricants Market Trends 2016 - 2023

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According to a new research study by Transparency Market Research on the global market for automotive lubricants, titled “Automotive Lubricants Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2016 - 2023,” the r
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Automotive Lubricants Market - Global
Industry Analysis, Size, Share, Trends,
Analysis, Growth and Forecast 2016 2023
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REPORT DESCRIPTION
According to a new research study by Transparency Market Research on the global market for automotive lubricants,
titled “Automotive Lubricants Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth
and Forecast 2016 - 2023,” the rising demand for motor vehicles across the world, propelled by the increase in
the spending power of the population, is projected to drive this market significantly over the forecast period.
However, the implementation of strict government regulations aimed at reducing the emission of CO2 and other
greenhouse gases is compelling vehicle owners to shift to high-performance lubricants, which is expected to hamper
the automotive lubricants market’s growth in the forthcoming years.
Complete Report Automotive Lubricants Market with TOC :
http://www.transparencymarketresearch.com/automotive-lubricants-market.html
In this research report, the global automotive lubricants market has been studied on the basis of the type of
automotive lubricant and the regional distribution of this market. Based on the type of automotive lubricant, the
market has been classified into grease, gear oil, engine oil, and transmission fluids. Engine oil, also known as motor
oil, is likely to be the highest demanded automotive lubricant during the forecast period. The segment held a share
of more than 70% in the overall market in 2015. Other market segments are also expected to report a healthy rise
on account of the rapid growth of the global automotive industry, states the research report.
On the regional front, the report segments the worldwide market for automotive lubricants into Asia Pacific, North
America, Europe, Latin America, and the Middle East and Africa. The rising demand for automobiles, specifically cars,
in Asia Pacific has fueled the demand for automotive lubricants significantly in this region. This trend is likely to
continue during the forecast period, as the increased disposable income of individuals in this region is expected to
stimulate the demand for cars in the coming years in Asia Pacific, notes the market study.
The research report further talks about the condition of the automotive lubricants market in North America and
Europe. According to the study, these regional markets have been swiftly approaching maturity. On the other hand,
the markets for automotive lubricants in Latin America and the Middle East and Africa are reporting healthy growth
due to the growing demand for automobiles, fueled by the rise in per capita income in these regions.
Repsol S.A., Valvoline, LUKOIL Oil Co., ExxonMobil Corp., Chevron Corp., BP Plc, The JX Nippon Oil &
Energy Co., Idemitsu Kosan Co. Ltd., ConocoPhillips Corp., Royal Dutch Shell Plc, Fuchs Lubricants Co.,
and Total S.A. are the major players in the global automotive lubricants market profiled in this research
report.
About Us
Transparency Market Research (TMR) is a market intelligence company providing global business research
reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insights for thousands of decision-makers.
TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with
various tools and techniques to gather and analyze information. Our business offerings represent the latest
and the most reliable information which is indispensable for businesses to sustain their competitive edge.
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Complete Report Automotive Lubricants Market with TOC :
http://www.transparencymarketresearch.com/automotive-lubricants-market.html
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