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(Transportation-News.com, April 22, 2017 ) According to Publisher, the Global Automotive Lubricants market is expected to grow from $41.26 billion in 2015 to $ 78.96 billion by 2022 with a CAGR of 9.7%. Growth in the sale of vehicles and strict environment regulations are causing the vehicle owners to consume high performance lubricants, which in turn is driving the market demand. Furthermore, high demand from automotive, industrial machinery and construction are expected to drive industry growth over the forecast period. However, volatility in oil prices is hindering the market growth.
For more information about this report: http://www.reportsweb.com/automotive-lubricants-global-market-outlook-2016-2022 North America and Europe are matured markets for automotive lubricants. Asia Pacific is the fastest growing market, strongly driven by the rising demand for cars owing to the growing disposable income in India and China. Engine oil is estimated to command the global automotive lubricants market during the forecast period. Industrial lubricants appeared as the prominent segment. It is attributed to increased industrial production in metal forming, mining and machining industries with capacity expansions having significant demand in the global industry. Some of the key players in global automotive lubricants market include Amsoil Inc., Blaser Swisslube AG, British Petroleum, Buhmwoo Chemical Ind. Co., Ltd., Castrol, Chevron, Exxon Mobil, Fuchs Group, Idemitsu Oil & Gas Co. Ltd., Kendall (Phillips 66), Luk Oil, Nippon Oil, Pennzoil, Petrobras, PetroChina, PetroFer Chemie, Petronas, Quaker Chemical Corporation, Shell, Sinopec Corp., Total, Valvoline, and Zeller+Gmelin Corporation.
Lubricant Types Covered: - Gear Oil - Engine Oil - Grease - Transmission Fluids
Products Covered: - Passenger Vehicle & Motor Oil - Commercial Automotive - Industrial General Industrial Oils Industrial Engine Oils Metal Working Fluids Process Oils Other Industrial Lubricants
Applications Covered: - Aerospace Equipment - Agricultural Equipment - Railroad Equipment - Marine Equipment - Construction Equipment - Recreational Equipment - Motor Vehicles Light Vehicles Heavy Duty Trucks & Buses
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Regions Covered: - North America US Canada Mexico - Europe Germany France Italy UK Spain Rest of Europe - Asia Pacific Japan China India Australia New Zealand Rest of Asia Pacific - Rest of the World Middle East Brazil Argentina South Africa Egypt
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements
Company Profiling 10.1 Amsoil Inc. 10.2 Blaser Swisslube AG 10.3 British Petroleum 10.4 Buhmwoo Chemical Ind. Co., Ltd. 10.5 Castrol 10.6 Chevron 10.7 Exxon Mobil 10.8 Fuchs Group 10.9 Idemitsu Oil & Gas Co. Ltd. 10.10 Kendall (Phillips 66) 10.11 Luk Oil 10.12 Nippon Oil 10.13 Pennzoil 10.14 Petrobras 10.15 PetroChina 10.16 PetroFer Chemie 10.17 Petronas 10.18 Quaker Chemical Corporation 10.19 Shell 10.20 Sinopec Corp. 10.21 Total 10.22 Valvoline 10.23 Zeller+Gmelin Corporation
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Priya Sisodia
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Source: EmailWire.Com
Source: EmailWire.com
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