New York, NY -- (SBWire) -- 03/30/2019 --The global Automotive Lubricants Market is expected to reach USD 107.22 Billion by 2026, according to a new report by Reports and Data. Over the past few months, the oil price rally has rewarded those taking part in output cuts and has also discharged a new wave of growth from the United States. The oil markets now look adequately supplied through 2020 coupled with gains from Brazil, Canada, and Norway. A solid increase in oil demand is expected aiding to strong world economy growth in the next five years.
The major players covered in this report are ExxonMobil Corporation(U.S.A), Chevron Corporation(U.S.A), Fuchs Lubricants Co.(U.S.A), ConocoPhillips Corporation(U.S.A), LUKOIL Oil Company (Russia), IDEMITSU Kosan Co. Ltd.(Japan), Royal Dutch Shell plc (Netherlands), Total S.A. (France) and Valvoline (U.S.A)., Castrol (U.K.)
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According to the International Monetary Fund, in the next five years the global economic growth is expected to set at 3.9%. Strong economies will use more oil and it is anticipated that the demand will grow at an average annual rate of more than 1.2 mb/d during the forecasted period. Petrochemicals are the fastest growing source of global oil demand precisely in United States and China. The shale revolution in United States has unleashed major source of cheap domestic feedstock. One of the key advantages of the global economic growth is that it is lifting more people into the middle class in developing countries and higher incomes mean sharply increasing the demand for consumer goods and services.
Significant driving forces shaping the future of the Automotive Lubricants market for the forecast period 2018 - 2025 find a special mention in the study and are backed by a real-time statistics. Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry's growth. In addition, bifurcation of the market on the basis of consumption volume, customer preference, end-user, and production capacity is explained through important resources including but not limited to charts, graphic images, and tables.
Automotive Lubricants Market by Base Oil (Revenue, USD Million; 2018-2026):
- Mineral Oil
- Synthetic
- Semisynthetic
- Bio-Based Lubricants
Automotive Lubricants Market by Vehicle Type (Revenue, USD Million; 2018-2026):
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Others
Automotive Lubricants Market by Applications (Revenue, USD Million; 2018-2026):
- Engine Oil
- Gear Oil
- Brake Fluids
- Transmission Fluids
- Coolants
- Greases
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Geographically, this report studies the top producers and consumers in these key regions:
- North America
- Europe
- China
- Japan
- Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
Further key findings from the report suggest:
- The market for Engine Oil segment is projected to grow significantly and owing to the increase in consumption of engine oil. Countries like India accounts in excess of 2.5 billion liters of annual engine oil consumption including the aftermarket and is growing at 2-2.5% per anum.
- The passenger car segment will grow at a CAGR of 4.9% during the forecasted period owing to the increase in the disposable income of the people and steady global economic growth.
- The shale revolution in United States has unleashed major source of cheap domestic feedstock. One of the key advantages of the global economic growth is that it is lifting more people into the middle class in developing countries and higher incomes mean sharply increasing the demand for consumer goods and services
- Asia Pacific region is estimated to grow significantly due to the at a CAGR of 41% owing to the increase in adoption of new vehicles as well as the increase in adoption of high-tech automotive lubricants fuel the demand for automotive lubricants
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Key elements from table of content:
Chapter 10. Company Profiles
10.1. ExxonMobil Corporation
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Insights
10.1.4. Strategic Initiatives
10.2. Chevron Corporation
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Insights
10.2.4. Strategic Initiatives
10.3. Fuchs Lubricants Co.
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Insights
10.3.4. Strategic Initiatives
Continue….
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Automotive Lubricants Market Analysis 2018-2025 by Top Key Players: ExxonMobil, Chevron, Total, Valvoline
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