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Automotive Lubricants Market - Global Industry Analysis, 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 incr
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Automotive
Lubricants Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2016 - 2023” This
report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and
worldwide business sector industry structure.
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.
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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 economy.
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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
•
Europe
•
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 in-depth analysis of
market segments
•
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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