Lubricants are materials used to reduce friction between two surfaces of equipment or components. They are usually in oil, semi-fluid, or solid state. Automotive lubricants include fluids such as engine oil, transmission fluid, gear oil, and brake oil. These are used to reduce the friction between the surfaces in contact, consequently improving the efficiency of the automotive components such as engines, brakes, and gears. These lubricants also help in removing the unwanted particles that cause disruptions in the functioning of the automotive parts. Lubricants are formed by adding additives into a base oil. These base oils can be either mineral oil-based, synthetic-oil based, or bio-based. Advances in technology have led lubricant manufacturers to develop new lubricants with longer replacement cycles.
The analysts forecast global automotive lubricant market to grow at a CAGR of 2.77% during 2014-2019.
Covered in this Report
The global automotive lubricant market can be segmented into the following:
- Oil type: mineral oil-based, synthetic oil-based, and bio-based
- Application: engine oil, brake oil, transmission fluid, and gear oil
The report, Global Automotive Lubricant Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. It also includes a discussion of the key vendors operating in this market.
View Complete Report @ Global Automotive Lubricant Market 2015-2019.
- Exxon Mobil
- Royal Dutch Shell
Other Prominent Vendors
- Bharat Petroleum
- Blue Star Lubrication Technology
- FUCHS Schmierstoffe
- GS Caltex
- Guangdong Delian Group
- Gulf Oil Middle East
- Hindustan Petroleum
- Indian Oil
- JX Nippon Oil & Energy
- PETRONAS Lubricants International
- Phillips 66 Lubricants
- Robert Bosch (Bosch Auto Parts)
- Tide Water Oil
Key Market Driver
- Growing Demand for Re-refined Lubricants
Key Market Challenge
- Volatile Crude Oil Prices
Key Market Trend
- Accelerating Growth from Emerging Markets