Lubricants Market for Automotive: Trends and Worldwide Industry Analysis 2027
Increasing number of automobiles globally and rapid surge in commercial activities has been one of the key factors of growth in the Automotive Lubricants Market. Growing number of passenger cars, growing popularity of Motor Sport and Auto Racing has also contributed to the growth of the Automotive Lubricants Market. Increasing demand for passenger and commercial vehicles is also going to fuel the demand in the Automotive Lubricants market.
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Key Player of Automotive Lubricants Market:
• ExxonMobil Corporation(U.S.A)
• Chevron Corporation(U.S.A)
• Fuchs Lubricants Co.(U.S.A)
• ConocoPhillips Corporation(U.S.A)
• BP plc (U.K.)
• LUKOIL Oil Company (Russia),
• IDEMITSU Kosan Co. Ltd.(Japan)
• Royal Dutch Shell plc (Netherlands)
• Total S.A. and Valvoline (U.S.A)
The Automotive Lubricants market has been segmented on the basis of type as engine oil, gear oil, grease, transmission fluids, engine coolant, and other fluids. On the basis of vehicle the market has been segmented as light, commercial, and heavy.
Regional Analysis of Automotive Lubricants Market:
Asia-Pacific is one of the dominant regions for the Automotive Lubricants market. Increasing demand due to increasing population in the Asia-Pacific region is one of the key factors for the high growth in this region. North America and Europe being one of the saturated markets are showing steady growth in the Automotive Lubricants market.
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