The Global Automotive Lubricants Market size valued to USD 77.91 billion in 2019, is
predicted to garner USD 120.06 billion by 2030, with a CAGR of 3.9% from 2020-2030. The
Automotive Lubricants Market observed a volumetric sale of 27,050 kilotons in 2019; it shall
hike up to 38,607 kilotons by 2030, witnessing a CAGR of 3.2% from 2019-2030. Automotive
lubricants are substrates introduced to reduce friction between two surfaces in mutual contact,
hence ensuring smooth functioning and high performance of vehicles. Theses lubricants
enhance the engine efficiency and prolongs the lifespan of vehicles by reducing wear and tear
of the automotive parts. Automotive lubricants circulate the access heat generated during
engine operations by absorbing and transmitting it to the cooler, hence controlling the vehicle
temperature.
Market Segmentations and Scope of the Study:
The global automotive lubricants market share analysis is based on base oil, vehicle type,
application, and geography. Based on base oil, the market is segmented into Mineral Oil
Lubricants, Synthetic Lubricants, Semisynthetic Lubricants, and Bio-Based Lubricants. Based
on application the market is fragmented into Engine Oil, Gear & Brake Oil, Transmission
Fluids, Greases, and Others. Based on vehicle type, the market is divided into Passenger
Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), and Others
(Motorbikes). Geographic breakdown and analysis of each of the previously mentioned
segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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Geographical Analysis
North America region is expected to grow at a considerable rate, accounting a notable amount
market share in the global automotive lubricants market. This is due to the strict government
policies on emission standards and higher inclination towards the use of electric vehicles.
Europe is expected to demonstrate a significant growt