Automotive lubricants market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024–2031). Automotive lubricant market trend is moving towards developing and providing lubricants for electric and hybrid vehicles to retain growth in the future. For instance, Castrol announced the launch of Castrol ON, a new brand for its line of innovative fluids for electric vehicles. The product line includes e-transmission fluids, e-coolants, and e-greases. Advanced e-transmission fluids extend the life of the drivetrain system, allowing EVs to go further on a single charge. E-Coolants keep batteries cool even in harsh conditions, allowing them to withstand ultra-fast charging (>150kw), while e-greases allow EVs to run more effectively by reducing temperature spikes and improving component durability while reducing weight.
Browse the full report description of “Automotive Lubricants Market Size, Share & Trends Analysis Report by Oil Type (Synthetic Lubricants, Semisynthetic Lubricants, Bio-Based Lubricants, and Conventional Lubricants). by Vehicle Type (Passenger Vehicles, Commercial Vehicles, and Two-Wheelers). and by Product Type (Engine Oil, Gear and Brake Oil, Transmission Fluids, Greases, and Coolant). Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/automotive-lubricants-market
Moreover, the market players are focusing on extending their offerings in different regions and automotive categories. For instance, in November 2022, Total Energies Marketing India Private Limited (TEMIPL), a subsidiary of Total Energies, launched its new EV Fluid varieties in India for electric and hybrid cars, as well as electric bikes. Quartz EV fluid for cars and Hi-Perf EV fluid for bikes are two new product lines designed exclusively for drivetrain reducers, e-motors, e-transmissions, and batteries in electric and hybrid vehicles. These specialized EV fluids are designed to have improved electrical qualities against short circuits and static electricity, as well as exceptional compatibility with copper coils and novel polymer materials used in electric vehicles. They are also designed to have outstanding anti-wear qualities, high heat resistance, and ultra-low viscosity for gear and bearing protection, as well as good temperature control through efficient cooling.
Market Coverage
• The market number available for 2023-2031
• Base year: 2023
• Forecast period: 2024-2031
• Segment Covered-
o By Oil Type
o By Vehicle Type
o By Product Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape-Royal Dutch Shell PLC, PetroChina Company Ltd, FUCHS Enprotec GmbH, TotalEnergies SE, andBP PLC, among others.
Key questions addressed by the report
Global Automotive Lubricants Market Report Segment
By Oil Type
By Vehicle Type
By Product Type
Global Automotive Lubricants Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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