A gist of Automotive Lubricants Market report
The Automotive Lubricants Market report covers the key factors regarding the recent happenings such as new product launches, synergisms, and mergers & acquisitions. Furthermore, the study offers a dexterous background for acquiring heaps of information that likely consumers can use to ensure better gains at low expenditures. The presentation of insights on Automotive Lubricants Market segmentation by type, application, and geography provides a critical angle.
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Royal Dutch Shell PLC, ExxonMobil, BP plc, Chevron Corporation, FUCHS, are some of the prominent players in the automotive lubricants market holding a significant share of the global market. In recent years, leading players have shown strategic moves such as acquisitions, mergers, and expansion projects to enhance their market position in the global automotive lubricants market.
For instance, in last few years, lubricants manufacturer FUCHS Petrolub SE, has spent nearly 12 million dollars at their site headquartered in Stoke-on-Trent, United Kingdom. The investment was made for new automated and energy-efficient machinery at FUCHS’ Hanley base. Furthermore, in April 2019, ExxonMobil, a multibillion-dollar crude oil refining company announced that it will manufacture high-quality lube base stocks, high-performance lubricants, and cleaner fuels in Singapore. This project will add 7 million barrels per annum of Group II base stocks capacity, which is mostly used to manufacture high-performance automotive lubricants. As per Fact.MR analysis, this investment is expected to increase the ExxonMobil’s outreach in Europe as well as in the Asia Pacific region.
The above mentioned, inline expansions and investments have shown that companies could offer a reliable supply to tap the increasing demands for automotive lubricants.
Technological Advancements to Improve Efficiency and Productivity
In terms of consumption, over 60 percent of the energy is consumed in the vehicle through the engine components. So improvements in automotive lubricants is the ideal place to optimize the performance of engines. High-performance automotive lubricants constitute excellent solvency and better hydrophilic properties. Application of these automotive lubricants leads to durable operation of the engine through lighter viscosity grades of high-performance lubricants. Additionally, less viscous and premium synthetics lubricants also increase the fuel economy of engines to a greater extent.
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On the basis of geography, this Automotive Lubricants Market report covers the prominent regions, concentrates on product sales, value, market share and growth outlook in these regions, which include:
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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The research attempts to answer many queries such as:
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