Automotive Lubricants Market Trends 2016 - 2023

According to a new research study by Transparency Market Research on the global market for automotive lubricants, titled “Automotive Lubricants Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2016 - 2023,” the rising demand for motor vehicles across the world, propelled by the increase in the spending power of the population, is projected to drive this market significantly over the forecast period. However, the implementation of strict government regulations aimed at reducing the emission of CO2 and other greenhouse gases is compelling vehicle owners to shift to high-performance lubricants, which is expected to hamper the automotive lubricants market’s growth in the forthcoming years. Complete Report Automotive Lubricants Market with TOC : http://www.transparencymarketresearch.com/automotive-lubricants-market.html In this research report, the global automotive lubricants market has been studied on the basis of the type of automotive lubricant and the regional distribution of this market. Based on the type of automotive lubricant, the market has been classified into grease, gear oil, engine oil, and transmission fluids. Engine oil, also known as motor oil, is likely to be the highest demanded automotive lubricant during the forecast period. The segment held a share of more than 70% in the overall market in 2015. Other market segments are also expected to report a healthy rise on account of the rapid growth of the global automotive industry, states the research report.

Automotive Lubricants Market Trends 2016 - 2023

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