Global Automotive Lubricant Market is expected to reach USD 116.23 billion by 2029, registering a CAGR of 5.40% during the forecast period of 2022-2029.

PUNE, MAHARASHTRA, INDIA, June 2, 2022 /EINPresswire.com/ -- Over the last few years, there has been immense growth in the production of vehicles. The global car production climbed from 58.3 million in 2010 to 72.1 million in 2016, according to the International Organization of Motor Vehicle Manufacturers (OICA). Furthermore, technologically advanced countries such as China and Japan accounted for 34 percent and 11 percent of global car production, respectively. The usage of automotive lubricants is projected to rise during the forecast period as a result of these factors.

Global Automotive Lubricant Market was valued at USD 76.31 billion in 2021 and is expected to reach USD 116.23 billion by 2029, registering a CAGR of 5.40% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Automotive Lubricant Market research report execution is becoming very vital for the businesses to gain success because it offers many benefits including insights into revenue growth and sustainability initiative. The large scale Automotive Lubricant Market research report is an absolute overview of the market that takes into account various aspects of product definition, market segmentation based on various parameters, and the established merchant landscape. This industry report also offers businesses with the company profile, product specifications, production value, manufacturer’s contact information and market shares for company. Moreover, Automotive Lubricant Market business report blends together all-inclusive industry analysis with particular estimates and forecasts to provide complete research solutions with greatest clarity for strategic decision making.

Due to the potential of SWOT analysis and Porter's Five Forces analysis in generating market research report, they are preferred by the businesses and hence also used while making an excellent Automotive Lubricant Market report. Market drivers and market restraints explained in this report provides idea about the rise or fall in the consumer demand for the particular product depending on several factors. In addition, this market report also gives top to bottom assessment of the market with respect to income and developing business sector. Thus, the world class Automotive Lubricant Market report endows with in-depth market analysis to thrive in this competitive environment.

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Market Definition

Lubricant is a fluidic material that is used to prevent wear and tear by reducing friction between contact surfaces. Depending on the end-uses, it is made using appropriate additives and base oils from specific groups. Automotive lubricants are used to reduce friction between two surfaces of car components, and they represent futuristic technologies capable of producing durable surfaces, maximizing overall efficiency while adhering to environmental regulations. These lubricants also aid in temperature regulation by collecting heat generated by the vehicle's moving parts and transferring it to the sump or cooler. Engine, gear, and hydraulic oils are the most common applications.

Competitive Landscape and Automotive Lubricant Market Share Analysis

The automotive lubricant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive lubricant market.

Some of the major players operating in the automotive lubricant market are
Dupont (U.S.)
SOLVAY (Belgium)
DAIKIN (Japan)
Dow (U.S.)
Halocarbon, LLC (U.S.)
Freudenberg SE (Germany)
The Chemours Company (U.S.)
Metalubgroup (Israel)
M&I Materials Limited (U.K)
Nye Lubricants, Inc. (U.S.)
Lubrilog (France)
ECCO Gleittechnik GmbH (Germany)
HUSK-ITT Corporation (U.S.)
Setral Chemie GmbH (Germany)
IKV Tribology Ltd (Germany)
Global Automotive Lubricant Market Scope

The automotive lubricant market is segmented on the basis of base oil, application, vehicle type and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Base Oil
Mineral Oil
Synthetic
Semi-Synthetic
Bio-Based Lubricant

Application
Engine Oil
Gear and Brake Oil
Coolants
Grease and Transmission Fluids

Vehicle Type
Passenger Cars
Hatchback
Sedan
Utility Vehicle
Light Commercial Vehicles
Heavy Commercial Vehicles
Others

Sales Channel
Aftermarket
Original Equipment Manufacturers (OEMs)

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Automotive Lubricant Market Regional Analysis/Insights
The automotive lubricant market is analyzed and market size insights and trends are provided by country, base oil, application, vehicle type and sales channel as referenced above.

The countries covered in the automotive lubricant market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the automotive lubricant market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the surge in growth of the overall economy coupled with the rise in investments by key manufacturers. Sales of commercial vehicles like as trucks, tractors, and trailers are increasing as a result of increased urbanization in emerging countries like China and India is also projected to support marker growth.

North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing spending on research and development and the increase in the vehicle production numbers across the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Automotive Lubricant Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers
High Demand Across Automotive Industry
The increasing demand for engine oils, brake fluids, and transmission fluids is estimated to carve a way for the growth of the market. The global market is driven by rising demand for automotive lubricants in passenger automobiles, which is driving the global market.

Advancements in Lubricants
Nano-lubricants are an advanced development in the automobile lubricant sector, formed by combining nanoparticles with lubricants. Carbon-based nanoparticles added to automobile lubricants increase anti-wear qualities while also lowering frictional resistance in the engine. The nano-lubricants lower frictional resistance while also increasing the engine's load-carrying capability. Nano lubricants also have a tendency to "settle out" from liquid lubricants, necessitating substantial study to ensure their steady and effective manufacture. Therefore, the nano-lubricants are projected to bolster market growth.

Furthermore, the surging disposable income of the people coupled with the increasing automotive industry, will further propel the growth rate of automotive lubricant market. Additionally, the growing production of vehicles will also drive market value growth. The expansion of the automotive industry also boosts market growth. The high-performance automotive lubricants constitute excellent solvency and better hydrophilic properties, which is projected to bolster the growth of the market.

Opportunities
Awareness and Performance Criteria
The growing awareness among consumers across the globe to use quality lubricants for vehicles extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, to combat growing emissions, government agencies are adopting minimum performance criteria for lubricants. As a result, the use of low viscosity lubricants like synthetic/semi-synthetic oil is on the rise, which will further expand the future growth of the automotive lubricant market.

Restraints/Challenges
Shift Towards Electronic Vehicles
The majority of manufacturers are moving toward electronic vehicles, which is limiting the demand for automotive lubricants. According to a survey published by the International Energy Agency in 2018, China's electric car market grew from 39 percent to 45 percent in a year. This factor will hamper the market growth.

Key Highlights of the Industry Report:

Assessment of all opportunities and risk in the Automotive Lubricant market
Conclusive study about the growth of the market for forthcoming years
In-depth understanding of market-particular drivers, constraints
A complete picture of the competitive scenario of the Automotive Lubricant market is depicted by this report.
It provides historical and forecasts revenue of the market segments and sub-segments with respect to main geographies and their countries
It also provides a complete assessment of the future market and the changing market scenario.
Current and predictable size of the Automotive Lubricant market from the perspective of both value and volume.

Why choose Data Bridge Market Research?

Modern technologies, such as artificial intelligence, to provide updated industry growth.
DBMR team provide clients with the top-notch market research report.
Interaction with research scientists and development heads to understand the nature of the market more precisely.
24/7 availability of services.
Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Automotive Lubricant market size.

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