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MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Automotive Lubricants Market Size, Share, Analysis, Forecast 2023-2028.
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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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,
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
Exxon Mobil, Royal Dutch Shell, British Petroleum, Total SA, Chevron Corp., Fuchs Group, Petronas Lubricant International Sdn, Amsoil Inc., Valvoline, Sinopec and Others
Note – If you require specific information not currently addressed in the report’s scope, we will supply it to you as part of the customization process
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