Lubricants Market - Forecast(2022 - 2027)

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Lubricants Market - Forecast(2022 - 2027)
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• A report released by the U.S. Energy Information
  Administration estimates that the total US
  exports of lubricants reached to 36,215 thousand
  barrels in 2017. 
• As per The European Automobile Manufacturers
  Association (ACEA), 98.9 million motor vehicles
  were produced globally in 2017.  Increasing sales
  of vehicles and rising demand for lightweight as
  well as heavy-duty vehicles is majorly enhancing
  the demand for the automotive lubricants.
• The demand for lubricants from the different
  sector is creating numerous opportunities in the
  lubricants market which had a market size of
  around 123 billion as of 2018.
•  

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Key Takeaways from this Report Under strict
rules and laws by the government to improve the
fuel economy and emission outputs, various OEMs
are working to bring down the emissions by using
efficient filters and advanced engine management
systems. The drive to reduce CO2 level is leading
to thinner oils. Thinner oils are impacting the
friction level, especially in heavy vehicles. 
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By Distribution Channel- Segment
Analysis Lubricants are used to reduce the
friction among the surfaces, which in turn, helps
to reduce the heat generated. Some of the major
properties of lubricants are lubricity,
demulsibility, high boiling point, corrosive
prevention, and thermal stability. Acceleration
in economic growth is primarily increasing the
number of on-road vehicles. The demand for
vehicle maintenance is boosting lubricant demand.
The usage of lubricants in automotive is the key
application segment which is estimated to grow
with a CAGR of around 5.2 through to 2025.
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• Lubricants Market Industry Outlook
• Royal Dutch Shell PLC
• ExxonMobil Corporation
• British Petroleum Plc
• Chevron Corporation
• Total SA
• Petrochina Company Limited
• Sinopec Limited
• Lukoil
• Fuchs Petrolub AG and Idemitsu Kosan Co. Ltd.

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Lubricants Market - Forecast(2021 - 2026) Learn
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.com/Report/11709/lubricants-market-analysis.html
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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