Automotive Lubricants Market constantly rising At a CAGR of 4.60% By 2021

Lubricants are materials that reduce the friction between components in a vehicle. Automotive lubricants include fluids such as engine oil, gear oil, transmission fluid, and brake oil.

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These are used to reduce the friction between the surfaces in contact, which will improve the efficiency of automotive components such as engines, brakes, and gear system. These lubricants also help in removing unwanted particles that cause disruptions in the functioning of automotive parts.

Technavios analysts forecast the global automotive lubricants market to grow at a CAGR of 4.60% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive lubricants market for 2017-2021. To calculate the market size, the report considers the sales volume of lubricants in the OEM market.

The market is divided into the following segments based on geography:
Americas
APAC
Europe

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Technavio's report, Global Automotive Lubricants Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Shell
ExxonMobil
BP
Chevron Corporation

Other prominent vendors
Bharat Petroleum Corporation
Gulf Oil
Indian Oil Corporation
Motul
China Petrochemical Corporation
Total

Market driver
Heavy dependence on IC engines for logistics
For a full, detailed list, view our report

Market challenge
Rise in demand for battery electric vehicles
For a full, detailed list, view our report

Market trend
Constant need for technological upgrade
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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