Automotive Lubricants Market Size to Reach $107.22 Billion By 2026 Says Reports And Data

The global Automotive Lubricants Market is expected to reach USD 107.22 Billion by 2026, according to a new report by Reports and Data. Over the past few months, the oil price rally has rewarded those taking part in output cuts and has also discharged a new wave of growth from the United States. The oil markets now look adequately supplied through 2020 coupled with gains from Brazil, Canada, and Norway. A solid increase in oil demand is expected aiding to strong world economy growth in the next five years. According to the International Monetary Fund, in the next five years the global economic growth is expected to set at 3.9%. Strong economies will use more oil and it is anticipated that the demand will grow at an average annual rate of more than 1.2 mb/d during the forecasted period. Petrochemicals are the fastest growing source of global oil demand precisely in United States and China. The shale revolution in United States has unleashed major source of cheap domestic feedstock. One of the key advantages of the global economic growth is that it is lifting more people into the middle class in developing countries and higher incomes mean sharply increasing the demand for consumer goods and services.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1064

Key participants include:

ExxonMobil Corporation(U.S.A), Chevron Corporation (U.S.A), Fuchs Lubricants Co. (U.S.A), ConocoPhillips Corporation (U.S.A), LUKOIL Oil Company (Russia), IDEMITSU Kosan Co. Ltd. (Japan), Royal Dutch Shell plc (Netherlands), Total S.A. (France) and Valvoline (U.S.A)., Castrol (U.K.)

Further key findings from the report suggest

• The market for Engine Oil segment is projected to grow significantly and owing to the increase in consumption of engine oil. Countries like India accounts in excess of 2.5 billion liters of annual engine oil consumption including the aftermarket and is growing at 2-2.5% per anum.
• The passenger car segment will grow at a CAGR of 4.9% during the forecasted period owing to the increase in the disposable income of the people and steady global economic growth.
• The shale revolution in United States has unleashed major source of cheap domestic feedstock. One of the key advantages of the global economic growth is that it is lifting more people into the middle class in developing countries and higher incomes mean sharply increasing the demand for consumer goods and services
• Asia Pacific region is estimated to grow significantly due to the at a CAGR of 41% owing to the increase in adoption of new vehicles as well as the increase in adoption of high-tech automotive lubricants fuel the demand for automotive lubricants

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1064

For the purpose of this report, Reports and Data has segmented the global Automotive Lubricants Market on the basis Base Oil, Vehicle Type, Applications, and Region:

Base Oil (Volume Kilo Tons, Revenue, USD Million; 2016–2026)

• Mineral Oil
• Synthetic
• Semisynthetic
• Bio-Based Lubricants

Vehicle Type (Volume Kilo Tons, Revenue, USD Million; 2016–2026)

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

Applications (Volume Kilo Tons, Revenue, USD Million; 2016–2026)

• Engine Oil
• Gear Oil
• Brake Fluids
• Transmission Fluids
• Coolants
• Greases

Regional Outlook (Volume Kilo Tons, Revenue, USD Million; 2016–2026)

• North America
  • U.S.
• Europe
  • Germany
  • France
  • UK
  • Netherlands
  • Switzerland
  • Italy

• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Middle East & Africa
• Latin America

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1064

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-automotive-lubricants-market

The post Automotive Lubricants Market Size to Reach $107.22 Billion By 2026 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

The global Automotive Lubricants Market is expected to reach USD 107.22 Billion by 2026, according to a new report by Reports and Data. Over the past few months, the oil price rally has rewarded those taking part in output cuts and has also discharged a new wave of growth from the United States. The oil markets now look adequately supplied through 2020 coupled with gains from Brazil, Canada, and Norway. A solid increase in oil demand is expected aiding to strong world economy growth in the next five years. According to the International Monetary Fund, in the next five years the global economic growth is expected to set at 3.9%. Strong economies will use more oil and it is anticipated that the demand will grow at an average annual rate of more than 1.2 mb/d during the forecasted period. Petrochemicals are the fastest growing source of global oil demand precisely in United States and China. The shale revolution in United States has unleashed major source of cheap domestic feedstock. One of the key advantages of the global economic growth is that it is lifting more people into the middle class in developing countries and higher incomes mean sharply increasing the demand for consumer goods and services.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1064

Key participants include:

ExxonMobil Corporation(U.S.A), Chevron Corporation (U.S.A), Fuchs Lubricants Co. (U.S.A), ConocoPhillips Corporation (U.S.A), LUKOIL Oil Company (Russia), IDEMITSU Kosan Co. Ltd. (Japan), Royal Dutch Shell plc (Netherlands), Total S.A. (France) and Valvoline (U.S.A)., Castrol (U.K.)

Further key findings from the report suggest

• The market for Engine Oil segment is projected to grow significantly and owing to the increase in consumption of engine oil. Countries like India accounts in excess of 2.5 billion liters of annual engine oil consumption including the aftermarket and is growing at 2-2.5% per anum.
• The passenger car segment will grow at a CAGR of 4.9% during the forecasted period owing to the increase in the disposable income of the people and steady global economic growth.
• The shale revolution in United States has unleashed major source of cheap domestic feedstock. One of the key advantages of the global economic growth is that it is lifting more people into the middle class in developing countries and higher incomes mean sharply increasing the demand for consumer goods and services
• Asia Pacific region is estimated to grow significantly due to the at a CAGR of 41% owing to the increase in adoption of new vehicles as well as the increase in adoption of high-tech automotive lubricants fuel the demand for automotive lubricants

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1064

For the purpose of this report, Reports and Data has segmented the global Automotive Lubricants Market on the basis Base Oil, Vehicle Type, Applications, and Region:

Base Oil (Volume Kilo Tons, Revenue, USD Million; 2016–2026)

• Mineral Oil
• Synthetic
• Semisynthetic
• Bio-Based Lubricants

Vehicle Type (Volume Kilo Tons, Revenue, USD Million; 2016–2026)

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

Applications (Volume Kilo Tons, Revenue, USD Million; 2016–2026)

• Engine Oil
• Gear Oil
• Brake Fluids
• Transmission Fluids
• Coolants
• Greases

Regional Outlook (Volume Kilo Tons, Revenue, USD Million; 2016–2026)

• North America
  • U.S.
• Europe
  • Germany
  • France
  • UK
  • Netherlands
  • Switzerland
  • Italy

• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Middle East & Africa
• Latin America

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1064

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Ammonium Phosphate Market Size, Share, Trends & Analysis, Report By Type (Ammonium Polyphosphate, Di-Ammonium Phosphate (DAP), Mono-Ammonium Phosphate (MAP)), By Application (Fertilizers, Flame Retardant, Food & Beverage, Water Treatment Chemicals, Others), By Region, Competitive Strategies and Segment Forecasts for 2016-2026

Agricultural Chelates Market Size, Share & Analysis, By Type (EDTA, EDDHA, DTPA, IDHA, Others), By Application (Soil Application, Seed Dressing, Foliar Sprays, Fertigation, Others), By Micronutrient Type (Iron, Manganese, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By End-Use (Agriculture, Indoor Farming), And By Region Forecast To 2028

Borosilicate Glass Market Size, Share & Analysis By Type (Non-Alkaline Earth, Alkaline Earth Containing, High-Borate), Byapplication (Heat-Resistant Glass Panels, Display Screens, Lighting Glass, Sealing Glasses, Neutral Glasses, Cosmetic Containers, Solar Glass, Glass Microspheres, Others), By Region, Segment Forecast To 2027

Acoustic Metamaterials Market By Type (Resonant Membrane, Periodic Resonators, Sonic Crystal), By Application Type (Seismic Wave Reflection, Vibration Control, And Others), And Region-Global Forecast To 2027

Gracilaria Agarose and Gelidium Agarose Market Size, Share & Analysis, By Type (Gracilaria Agarose, Wild Harvest, Aquaculture, Gelidium Agarose, Wild Harvest, Aquaculture), By Application (Agarose Gel Electrophoresis, Protein Purification, Food & Beverage, Cosmetic, Microbiology, Others), By Region Forecast To 2027

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-automotive-lubricants-market

The post Automotive Lubricants Market Size to Reach $107.22 Billion By 2026 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.