Albany, NY -- (SBWIRE) -- 07/24/2015 -- About Automotive Lubricants

Lubricants are materials used to reduce friction between two surfaces of equipment or components. They are usually in oil, semi-fluid, or solid state. Automotive lubricants include fluids such as engine oil, transmission fluid, gear oil, and brake oil. These are used to reduce the friction between the surfaces in contact, consequently improving the efficiency of the automotive components such as engines, brakes, and gears. These lubricants also help in removing the unwanted particles that cause disruptions in the functioning of the automotive parts. Lubricants are formed by adding additives into a base oil. These base oils can be either mineral oil-based, synthetic-oil based, or bio-based. Advances in technology have led lubricant manufacturers to develop new lubricants with longer replacement cycles.

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Technavio's analysts forecast the global automotive lubricant market to grow at a CAGR of 2.77% during 2014-2019.

Covered in this Report

The global automotive lubricant market can be segmented into the following:
Oil type: mineral oil-based, synthetic oil-based, and bio-based
Application: engine oil, brake oil, transmission fluid, and gear oil

Technavio's report, Global Automotive Lubricant Market 2015-2019, 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 in the coming years. It also includes a discussion of the key vendors operating in this market.

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Key Regions
Americas
APAC
EMEA

Key Vendors
BP
Chevron
Exxon Mobil
Royal Dutch Shell
Sinopec
Total

Other Prominent Vendors
AMSOIL
Bharat Petroleum
Blue Star Lubrication Technology
FUCHS Schmierstoffe
GS Caltex
Guangdong Delian Group
Gulf Oil Middle East
Hindustan Petroleum
Indian Oil
JX Nippon Oil & Energy
Motul
PETRONAS Lubricants International
Phillips 66 Lubricants
Robert Bosch (Bosch Auto Parts)
Tide Water Oil

Key Market Driver
Growing Demand for Re-refined Lubricants
For a full, detailed list, view our report

Key Market Challenge
Volatile Crude Oil Prices
For a full, detailed list, view our report

Key Market Trend
Accelerating Growth from Emerging Markets
For a full, detailed list, view our report

Key Questions Answered in this Report
What will the market size be in 2019 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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