Press Releases
 
Automotive Lubricants Market Expected to Reach $89,585 Million, Globally, by 2022

, 19 April 2017 -- The demand for synthetic lubricants is increasing, owing to less prevalence of environmental hazards and longer life cycle. Moreover, increase in demand for efficient and cost-effective lubricants across OEMs

Automotive Lubricants Market, published by Allied Market Research, forecasts that the global market was valued at $64,716 million in 2015, and is projected to reach $89,585 million by 2022, growing at a CAGR of 4.8% from 2016-2022. The engine oil segment held nearly two-thirds share of the global market in 2015.

Access Full Summary at: https://www.alliedmarketresearch.com/automotive-lubricants-market

Automotive lubricants enhance the overall durability and functioning of a vehicle, and safeguard it from wear & tear, friction, and high temperatures. Increase in preference of consumers towards high-quality synthetic automotive lubricants is a key factor that drives the market growth. Automotive lubricants exemplify the futuristic technologies capable of manufacturing durable surfaces, maximizing the overall efficiency.

Growth in population and rise in income levels present numerous opportunities for market expansion. Moreover, growth of the overall automotive industry globally and rise in demand for high-quality lubricants are further anticipated to boost the overall growth. In addition, rise in consumption of synthetic lubricants, owing to their superior characteristic properties, such as low emission of volatile compounds and relatively thicker layer as compared to traditional mineral oil lubricants, is anticipated to supplement the global market. However, volatile prices of raw materials are anticipated to hinder the overall growth.

Do enquire for sample report at: https://www.alliedmarketresearch.com/request-free-sample/2053

Automotive lubricants are expected to register the highest growth in passenger cars, owing to rise in per capita disposable income and growth in consumer preference towards new models with low emissions and high fuel efficiency. Furthermore, rapid urbanization and upsurge in personal mobility needs are expected to boost the market growth. Automotive lubricants possess advantages such as higher reliability, longer equipment life cycle, and cost reduction.

The engine oil application segment accounted around two-thirds share, in terms of volume, in 2015. In response to the perennial modifications in the automotive industry, efficient lubricants are in demand globally. Thus, increase in requirement of high-tech automotive lubricants and rise in adoption of new vehicles fuel the demand for automotive lubricants globally.

Key findings of the Automotive Lubricants Market

The synthetic lubricants segment is anticipated to grow at the highest CAGR during the analysis period.
Asia-Pacific is projected to maintain its lead position from 2016 to 2022, growing at a CAGR of 3.6%, in terms of volume.
The passenger cars segment occupied around half of the total market in 2015.
India occupied around one-fourth share of the Asia-Pacific market in 2015.
In terms of value, Germany is expected to grow at a significant CAGR of 4.7%.

In 2015, Asia-Pacific and LAMEA collectively accounted for nearly two-thirds of the global market, in terms of volume, and are expected to continue this trend, owing to increase in urbanization, specifically in China, India, Brazil, and other developing countries. Moreover, rise in urban population with increased per capita disposable income and growth in overall consumer spending drive growth of the Asia-Pacific market.

The major companies profiled in the report include Royal Dutch Shell Plc., Exxon Mobil Corporation, Total S.A., BP Plc., Chevron Corporation, PetroChina Company Limited, Valvoline, BASF SE, Indian Oil Corporation Ltd., and FUCHS Lubricants.

Do Enquiry Before Purchasing Report at: https://www.alliedmarketresearch.com/purchase-enquiry/2053

# # #


Media Contacts:
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States


Document Attached Image Attached Download file at: https://www.alliedmarketresearch.com/automotive-lubricants-market
(Right click and save file to download.)

Submitted by Allied Market Research, Allied Market Research on Wednesday, 19 April 2017 at 4:16 PM
Category: Science & Research
 
Related News

KnoxTennDrones.com launches their newly upgraded website
Sunday, 23 Apr 2017

KnoxTennDrones.com launches their newly upgraded website
Sunday, 23 Apr 2017

Global Bio-MEMS Market
Friday, 21 Apr 2017

Market Report on Sodium Sulfide Worth 1,157 KT by 2024
Wednesday, 19 Apr 2017

Digital Textile Printing Inks Market Analysis & Forecast 2015-2023
Wednesday, 19 Apr 2017

Related Events

Argus Asian Petroleum Coke 2017
Tuesday, 25 Apr 2017

Cybersecurity Strategy Briefing
Thursday, 4 May 2017

Argus North American Natural Gas Markets
Monday, 8 May 2017

Nuclear Industry Forum, London, 2017
Monday, 15 May 2017

The Future Impact of Artificial Intelligence (AI) and Chatbots
Thursday, 15 Jun 2017

Latest News

Non-ionizing Radiation/EMF Detection, Measurement, and Safety Market: Shipment Volume to Cross 547.3
Tuesday, 25 Apr 2017

"YPO Innovation Week" Gathers Innovators for Disruptive Business Models Event in Hong Kong
Tuesday, 25 Apr 2017

Global Mobile Payment Technologies Market: Proximity Payment Methods to Shine Bright throughout Fore
Tuesday, 25 Apr 2017

Exploration & Production (E&P) Software Market - North America to Lead Global Market as Investments
Tuesday, 25 Apr 2017

Energy Recovery Ventilators Market is expected to expand at an impressive CAGR of 10.20% by 2024
Tuesday, 25 Apr 2017

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Tuesday, 25 April 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • World Congress on Maternal Fetal Neonatal Medicine
  • 85th EAS Congress - European Atherosclerosis Society
  • Leveraging Customer Contact as a Strategic Asset: Customer Contact, East
  • Radiology in Venice
  • 6th Digital Marketing for Medical Devices West

  • Latest Jobs
  • London Investment Property
  • We Are Hiring A Content Manager!