Lubricants play a vital role in numerous commercial and industrial sectors such as automotive, marine, manufacturing, and aviation. Automotive applications like engine oil and brake oil dominate the lubricants market. The automobile manufacturers, to ensure the proper functioning of the components and reduce the wear and tear, use lubricants to reduce friction between the moving parts of automobiles. In addition, they also help in cooling the components and in debris removal. One of the vital properties of the automotive lubricants is the viscosity, i.e., the fluid's ability to resist motion. Consequently, the use of lubricants helps in reducing friction, in turn enhancing fuel efficiency as well as the longevity of automotive components.
Lubricants, owing to their thermal stability, high viscosity index, high boiling and low freezing point, corrosion resistance, and high resistance to oxidation, is becoming an integral part of automotive engine brake, gear, and transmission fluid. In the automotive lubricants market report, we have taken the following applications into consideration: engine oil, gear and brake oil, and transmission fluid.
Drivers for the global automotive lubricants market are:
Rising demand for re-refined lubricants
Enactment of stringent fuel and emission norms.
Restraints faced by the global automotive lubricants market are:
Increasing breach of electric vehicles in the market
Shifting focus of automobile and engine manufacturers towards engine downsizing.
The global automotive lubricant market, based on product type can be segmented into mineral oil-based, synthetic oil-based, and bio-based. The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and rest of the world. In terms of consumption in 2015, Asia-Pacific led the market with a share of XX.XX%. Consistent improvement in the economic conditions in the Asia-Pacific countries, especially in India and China, has led to improvement in the financial status of the consumers, which in turn has boosted the demand for and production of automobiles. In addition, a rise in the average life span of the vehicles in operation and increasing demand for and usage of light commercial vehicles in China and India, will also propel the growth of the automotive lubricants market in the Asia-Pacific region.
Furthermore, with the growing environmental concerns, the demand for bio-lubricants is consistently increasing, which in turn will offer numerous opportunities in the growth of the global automotive lubricants market.
Some of the major companies dominating this market for its products, services, and continuous product developments are:
Analysis for the global automotive lubricants market, with region specific assessments and competition analysis on global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global automotive lubricants market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and identification of the regions that are still untapped.
1.2 Research Methodology
2. Executive Summary
3. Automotive Lubricants Market
3.1 Market Definition
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness - Porter's Five Forces Model
4. Market Dynamics
4.1.1 Increasing Demand for Re-refined Lubricants
4.1.2 Increase in the Average Age of the Vehicles
4.1.3 Stringent Fuel Economy and Emission Standards
4.2.1 Automobile Manufacturers Focusing on Engine Downsizing and Extended Oil Change Intervals
4.2.2 Ultra-low Viscosity Concerns
4.2.3 Shifting Focus of the Automobile Industry towards Electric Vehicles
4.3.1 Growing Demand for Bio-lubricants
4.3.2 Rapidly Growing Automotive Industry in the Emerging Economies
5. Market Segmentation and Analysis
5.1 By Product Type
5.1.1 Mineral Oil-based
5.1.2 Synthetic Oil-based
5.2 By Application
5.2.1 Engine Oil
5.2.2 Gear and Brake Oil
5.2.3 Transmission Fluid
6. Global Market Analysis
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Rest of the World
7. Future of Automotive Lubricants
8. Competitive Landscape
8.1 Mergers and Acquisition
8.2 Joint Ventures, Collaborations, and Agreements
8.3 Market Share Analysis
8.4 Strategies Adopted by Leading Players
9. Company Profiles
9.1 BP plc.
9.2 Chevron Corp.
9.4 Royal Dutch Shell
9.5 Sinopec Corp.
9.6 Total SA
9.8 Bharat Petroleum
9.9 Blue Star Lubrication Technology
9.10 FUCHS Schmierstoffe
9.11 GS Caltex
9.12 Guangdong Delian Group
9.13 Gulf Oil Middle East
9.14 Hindustan Petroleum
9.15 Indian Oil
9.16 JX Nippon Oil & Energy
9.18 PETRONAS Lubricants International
9.19 Phillips 66 Lubricants
9.20 Tide Water Oil
9.21 Robert Bosch (Bosch Auto Parts)