Global Auto Lubricants Market Growth 2023-2029

Global Auto Lubricants Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Auto Lubricants Industry Forecast” looks at past sales and reviews total world Auto Lubricants sales in 2022, providing a comprehensive analysis by region and market sector of projected Auto Lubricants sales for 2023 through 2029. With Auto Lubricants sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Auto Lubricants industry.

This Insight Report provides a comprehensive analysis of the global Auto Lubricants landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Auto Lubricants portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Auto Lubricants market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Auto Lubricants and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Auto Lubricants.

The global Auto Lubricants market size is projected to grow from US$ 29610 million in 2022 to US$ 20710 million in 2029; it is expected to grow at a CAGR of 20710 from 2023 to 2029.

Global Auto Lubricants key players include Shell, ExxonMobil, BP, TOTAL, Chevron, etc. Global top five players hold a share about 40%.

Asia-Pacific is the largest market, with a share about 35%, followed by Europe and North America, having a total share about 60 percent.

In terms of product, the segment includes Gasoline Lubricants, Diesel fuel Lubricants. And in terms of application,the application includes Keep moving parts apart, Reduce friction, Transfer heat, Carry away contaminants and debris, Transmit power, Protect against wear, Prevent corrosion, Seal for gases, Stop the risk of smoke and fire of objects.

This report presents a comprehensive overview, market shares, and growth opportunities of Auto Lubricants market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Gasoline Lubricants

Diesel fuel Lubricants

Segmentation by application

Keep moving parts apart

Reduce friction

Transfer heat

Carry away contaminants and debris

Transmit power

Protect against wear

Prevent corrosion

Seal for gases

Stop the risk of smoke and fire of objects

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Auto Lubricants market?

What factors are driving Auto Lubricants market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Auto Lubricants market opportunities vary by end market size?

How does Auto Lubricants break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.