The Market Has Witnessed Significant Growth Opportunities Globally, Owing To Increase In The Production And Demand For Automobiles, And Growth In Demand For Advanced Technologies And Better Quality Products. Furthermore, Rise In Per Capita Disposable Income, Overall Economic Growth, And Upsurge In Number Of Vehicles Demanding Servicing And Reconditioning Are Further Anticipated To Boost The Market Growth During The Forecast Period. Moreover, Rise In Demand For Repair, Maintenance, And Renovation Of Old Vehicles; And Increase In Consumption Of Synthetic Lubricants, Owing To Its Superior Characteristic Properties, Such As Low Emissions Of Volatile Compounds And Relatively Thicker Layer As Compared To Traditional Mineral Oil Lubricants, Are Anticipated To Supplement The Global Market. However, Volatile Prices Of Raw Materials And Difficulty In Sourcing These Raw Materials Are Expected To Hamper This Growth.
The Global Automotive Lubricants Market Is Categorized On The Basis Of Base Oil, Application, Vehicle Type, And Geography. The Base Oil Segment Consists Of Mineral Oil, Synthetic, Semisynthetic, And Bio-Based Lubricants. Based On Application, The Market Is Broadly Classified Into Engine Oil, Gear & Brake Oil, Transmission Fluids, Greases, And Others. By Vehicle Type, It Is Divided Into Passenger Cars, Light Commercial Vehicles (Lcvs), Heavy Commercial Vehicles (Hcvs), And Others. Geographically, The Market Is Analyzed Across North America, Latin America, Europe, Asia-Pacific, And Lamea.
The Key Players In The Global Automotive Lubricants Market Have Adopted Various Market Penetration And Growth Strategies, Such As Mergers & Acquisitions, With The Local And Established Players. They Have Focused On Developing New Products, Such As Lighter And Relatively Thicker Lubricants, To Avoid Extra Weight And To Reduce The Overall Costs.
The Key Players Profiled in the Report Include:
Royal Dutch Shell Plc.
Exxon Mobil Corporation
Petrochina Company Limited
Indian Oil Corporation Ltd.
Key Benefits for Stakeholders
The Report Provides Extensive Qualitative And Quantitative Analyses Of The Current Trends And Future Estimations Of The Global Automotive Lubricants Market From 2014 To 2022 To Determine The Prevailing.
Comprehensive Analysis Of Factors That Drive And Restrict The Growth Of The Market Is Provided.
Market Estimations And Forecast Of The Industry Are Based On Factors Impacting The Market Growth, In Terms Of Value And Volume.
Competitive Intelligence Of Leading Producers And Suppliers Of Automotive Lubricants Assists To Understand The Competitive Scenario Globally.
The Report Provides Extensive Qualitative Insights On The Significant Segments And Regions Exhibiting Favorable Market Growth.
Automotive Lubricants Market Key Segments
By Base Oil
Mineral Oil Lubricants
Gear & Brake Oil
By Vehicle Type
Light Commercial Vehicles (Lcvs)
Heavy Commercial Vehicles (Hcvs)
Rest Of Europe
Rest Of Asia-Pacific
Rest Of Lamea
Other Players In The Value Chain (Profiles Not Included In The Report) Include:
*The Above List Of Companies Is Not Profiled In The Report, And Can Be Added Based On Client Interest.
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model
CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
220.127.116.11. Increasing consumer preference
18.104.22.168. Increasing vehicle production
22.214.171.124. Increasing competition among key market players
126.96.36.199. Rapid development of transportation infrastructure
188.8.131.52. Volatile nature of raw material prices
184.108.40.206. Harmful environmental impact of conventional lubricants
220.127.116.11. Increasing demand for eco-friendly lubricants
3.3. KEY PLAYER POSITIONING, 2015
CHAPTER 4. GLOBAL AUTOMOTIVE LUBRICANTS MARKET, BY BASE OIL
4.1.1. Market Size and Forecast
4.2. MINERAL OIL LUBRICANTS
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.3. SYNTHETIC LUBRICANTS
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.4. SEMI-SYNTHETIC LUBRICANTS
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
4.5. BIO-BASED LUBRICANTS
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast
CHAPTER 5. GLOBAL AUTOMOTIVE LUBRICANTS MARKET, BY APPLICATION
5.1.1. Market Size and Forecast
5.2. ENGINE OIL
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.3. GEAR AND BRAKE OIL
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast
5.4. TRANSMISSION FLUIDS
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast
CHAPTER 6. GLOBAL AUTOMOTIVE LUBRICANTS MARKET, BY VEHICLE TYPE
6.1.1. Market Size and Forecast
6.2. PASSENGER CARS
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
6.3. LIGHT COMMERCIAL VEHICLES
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
6.4. HEAVY COMMERCIAL VEHICLES
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
6.5. OTHERS (MOTORBIKES, THREE WHEELERS ETC.)
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
CHAPTER 7. GLOBAL AUTOMOTIVE LUBRICANTS MARKET, BY GEOGRAPHY
7.1.1. Market Size and Forecast
7.2. NORTH AMERICA
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast
18.104.22.168. Market size and forecast, by Application
22.214.171.124. Market size and forecast, by Application
126.96.36.199. Market size and forecast, by Application
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast
188.8.131.52. Market size and forecast, by Application
184.108.40.206. Market size and forecast, by Application
220.127.116.11. Market size and forecast, by Application
18.104.22.168. Market size and forecast, by Application
22.214.171.124. Market size and forecast, by Application
7.3.8. Rest of Europe
126.96.36.199. Market size and forecast, by Application
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast
188.8.131.52. Market size and forecast, by Application
184.108.40.206. Market size and forecast, by Application
220.127.116.11. Market size and forecast, by Application
18.104.22.168. Market size and forecast, by Application
22.214.171.124. Market size and forecast, by Application
7.4.8. Rest of Asia-Pacific
126.96.36.199. Market size and forecast, by Application
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast
188.8.131.52. Market size and forecast, by Application
184.108.40.206. Market size and forecast, by Application
7.5.5. South Africa
220.127.116.11. Market size and forecast, by Application
7.5.6. Rest of LAMEA
18.104.22.168. Market size and forecast, by Application
CHAPTER 8. COMPANY PROFILES
8.1. ROYAL DUTCH SHELL PLC.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments
8.2. EXXON MOBIL CORPORATION
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves and Developments
8.3. TOTAL S.A.
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments
8.4. BP PLC.
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments
8.5. CHEVRON CORPORATION
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves and Developments
8.6. PETROCHINA COMPANY LIMITED
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments
8.8. EXXON MOBIL CORPORATION
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments
8.9. INDIAN OIL CORPORATION LIMITED
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves and Developments
8.10. FUCHS LUBRICANTS
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments
Automotive lubricants enhance the overall durability and functioning of a vehicle, and safeguard it from wear & tear, friction, and high temperatures. Increase in preference of consumers towards high-quality synthetic automotive lubricants is a key factor that drives the market growth. Automotive lubricants exemplify the futuristic technologies capable of manufacturing durable surfaces, maximizing the overall efficiency.
Growth in population and rise in income levels present numerous opportunities for market expansion. Moreover, growth of the overall automotive industry globally and rise in demand for high-quality lubricants are further anticipated to boost the overall growth. In addition, rise in consumption of synthetic lubricants, owing to their superior characteristic properties, such as low emission of volatile compounds and relatively thicker layer as compared to traditiol mineral oil lubricants, is anticipated to supplement the global market. However, volatile prices of raw materials are anticipated to hinder the overall growth.
Automotive lubricants are expected to register the highest growth in passenger cars, owing to rise in per capita disposable income and growth in consumer preference towards new models with low emissions and high fuel efficiency. Furthermore, rapid urbanization and upsurge in persol mobility needs are expected to boost the market growth. Automotive lubricants possess advantages such as higher reliability, longer equipment life cycle, and cost reduction.
The engine oil application segment accounted around two-thirds share, in terms of volume, in 2015. In response to the perennial modifications in the automotive industry, efficient lubricants are in demand globally. Thus, increase in requirement of high-tech automotive lubricants and rise in adoption of new vehicles fuel the demand for automotive lubricants globally.
Key findings of the Automotive Lubricants Market
The synthetic lubricants segment is anticipated to grow at the highest CAGR during the alysis period.
Asia-Pacific is projected to maintain its lead position from 2016 to 2022, growing at a CAGR of 3.6%, in terms of volume.
The passenger cars segment occupied around half of the total market in 2015.
India occupied around one-fourth share of the Asia-Pacific market in 2015.
In terms of value, Germany is expected to grow at a significant CAGR of 4.7%.
In 2015, Asia-Pacific and LAMEA collectively accounted for nearly two-thirds of the global market, in terms of volume, and are expected to continue this trend, owing to increase in urbanization, specifically in Chi, India, Brazil, and other developing countries. Moreover, rise in urban population with increased per capita disposable income and growth in overall consumer spending drive growth of the Asia-Pacific market.
The major companies profiled in the report include Royal Dutch Shell Plc., Exxon Mobil Corporation, Total S.A., BP Plc., Chevron Corporation, PetroChi Company Limited, Valvoline, BASF SE, Indian Oil Corporation Ltd., and FUCHS Lubricants.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.