Automotive Lubricants Market Size, Share, Growth Insight – 5.0% Estimated CAGR Growth By 2028

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Automotive Lubricants Market Analysis and Insights:

The Automotive Lubricants Market size is estimated to grow at a CAGR of around 5.0% during the forecast period, i.e., 2023-28.

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Automotive Lubricants Market Dynamics

Growth Opportunity: Increasing Inclination Towards Environment-Friendly and Sustainable Lubricants

The rising usage of different lubricants is expected to surge the market growth. Additionally, the increasing environmental awareness among consumers and manufacturers to reduce the avoidable impact of some aspects and products by adopting alternative options like bio-based over mineral variants pose a growth opportunity for the industry. A consumer shift could be expected with synthetic greases, which undergo extensive treatment to enhance their performance, and degradable and environment friendly bio-lubricants. These products offer improved fuel efficiency, enhanced hardware capability, and lower emissions. With the rise in environmental concerns, the industry is presented with a growth opportunity to expand four-dimensionally. For instance,

• In February 2021, Royal Dutch Shell stated that it would offer consumers carbon-neutral greases for heavy-duty diesel engines, passenger automobiles, and industrial uses to assist consumers in managing their sustainability needs.

Automotive Lubricants Market Report Segmentation:

The report has segmented the market into the following categories:

By Type

-Engine Oil

-Gear Oil

-Transmission Fluids

-Brake Fluids

-Coolants

-Greases

By Base-Oil Type

-Mineral Oil

-Synthetic

-Semi-Synthetic

-Bio-Based Oil

By Vehicle Type

-Passenger Cars

-Light-Weight Commercial Vehicles

-Heavy-Weight Commercial Vehicles

-Two/Three Wheelers

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Market Divided by Region/Country:

By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

Who are the top Companies in the Automotive Lubricants Market?

Exxon Mobil, Royal Dutch Shell, British Petroleum, Total SA, Chevron Corp., Fuchs Group, Petronas Lubricant International Sdn, Amsoil Inc., Valvoline, Sinopec and Others

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