Auto lubricant is a substance introduced to reduce friction between moving surfaces. It may also have the function of transporting foreign particles. The property of reducing friction is known as lubricity (or slipperiness).
Auto lubricant as its name implies have to perform in different types of vehicles both petrol and diesel under a variety of operating conditions. Modern vehicles are fuel efficient and comfortable with high levels of performance. They are required to meet stringent emission norms. Quality requirement of such lubricants are established by the Society of Automotive Engineers (SAE) and are specified in its classification system.
In the last years, with the development of macro economy and the flourish of automotive industry, auto lubricant industry got a rapid development. In the world market, supply has been adequate with the main manufacturers as Shell, ExxonMobil, BP and Total.
Now, as overall economic downward trend in China and complicated international economic situation in the world, there will be many uncertainties in the next few years. The growth rate of global capacity may be slower than the last years, while the capacity of auto lubricants in China may be higher than in other regions.
According to our research and analysis, manufacturers from US and EU are the major leaders in the international market of auto lubricants. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on performance.
In next years, with the increase of automotive production and population, the demand of auto lubricants will be larger in China. Then, there will be more foreign companies come into China to occupy the market. To maintain the market share, manufacturers in China must spend more on research and development.
Although sales of auto lubricants brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market.
The report offers detailed coverage of Auto Lubricants industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Auto Lubricants by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Auto Lubricants market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Auto Lubricants market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Shell
ExxonMobil
BP
TOTAL
Chevron
FUCHS
Valvoline
Idemitsu Kosan
LUKOIL
JX Group
SK Lubricants
ConocoPhillips
Hyundai Oilbank
Sinopec
CNPC
DongHao
LOPAL
Copton
LURODA
Jiangsu Gaoke
At the same time, we classify Auto Lubricants according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Gasoline Lubricants
Diesel fuel Lubricants
Market by Application
Keep moving parts apart
Reduce friction
Transfer heat
Carry away contaminants & debris
Transmit power
Protect against wear
Prevent corrosion
Seal for gases
Stop the risk of smoke and fire of objects
Prevent rust.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Auto Lubricants market for the forecast period 2021 - 2025?
• What are the driving forces in the Auto Lubricants market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Auto Lubricants industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?