Asia Pacific Automotive Lubricants Market Size, Emerging Technologies, Future Trends, Competitive Analysis, Opportunity Assessment, & Forecast 2017-2025

Asia Pacific Automotive Lubricants Market Outlook 2017-2025

Market Overview

The Asia Pacific automotive lubricants industry is anticipated to witness a significant upsurge in demand in the coming years owing to the growing number of new automobiles sales in the region with huge sales in China and India among other ASEAN countries. Further, the rapid growth of the South East Asian Countries economy and its intensifying consumer markets has already resulted in larger volumes of goods being transported around the region, cumulative the need for supply chain solutions. The trend is expected to drive the sales of commercial vehicles in the region and will augment the demand for automotive lubricants in the region. In 2016, more than 16.8 million tons of lubricants were consumed around the Asia Pacific region of which 68% accounted for automotive lubricants, 20% for industrial lubricants, including related specialties, 4% marine oils, and 8% process oils. On manufacturers end the competition is intense as the top 15 lubricants manufacturers share two-thirds of the global lube market, while the remaining of more than 700 manufacturers share the other half. However, in coming years upsurge in electric vehicles may impact the growth and demand for automotive lubricants by some extent.

Goldstein Research analyst forecast Asia Pacific automotive lubricants market is anticipated to reach USD 42.2 billion by 2025 at a CAGR of 8.1% over the forecast period as investments in R&D activities to develop innovative synthetic lubricants are probable to deliver opportunities for growth in the future.

Asia Pacific Automotive Lubricants Market Segmentation

By Product Type

• Engine Oil
• Gear Oil
• Differential Oil
• Hydraulic Fluids
• Coolants
• Grease

Based on the major components, engine oil accounted for the largest revenue share of more than 52% in total automotive lubricants market. Engine oil is extensively used in passenger cars, diesel trucks, and light-duty trucks. It helps in retaining viscosity, guarantee reliability and reduce engine wear. Further, the engine oil market is likely to grow at significant pace over the forecast period owing to increasing sales of IC engine automobiles in China, India and ASEAN countries.

By Lubricants Type

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

By Vehicles Type

• Passenger Cars
• Light-Weight Commercial Vehicles
• Heavy-Weight Commercial Vehicles
• Two/Three Wheelers

By Distribution Channel

• OEMs
• Aftermarket

By Geography

• China {Market Share (%), Market Size (USD Billion)} Automotive Lubricants Market
• India {Market Share (%), Market Size (USD Billion)} Automotive Lubricants Market
• Japan {Market Share (%), Market Size (USD Billion)} Automotive Lubricants Market
• Australia {Market Share (%), Market Size (USD Billion)} Automotive Lubricants Market
• South Korea {Market Share (%), Market Size (USD Billion)} Automotive Lubricants Market
• Thailand {Market Share (%), Market Size (USD Billion)} Automotive Lubricants Market
• Rest of Asia Pacific {Market Share (%), Market Size (USD Billion)} Automotive Lubricants Market

Based on geography, China dominated the Asia Pacific automotive lubricants market with about 42% market share of Asia Pacific automotive lubricants market. Additionally, ASEAN countries are the fastest growing region for automotive lubricants market majorly fueled by the growing sales of new automobiles in the region, which is expected to increase at a CAGR of +9% during the forecast period.

Covered In This Asia Pacific Automotive Lubricants Market Report        

The report covers the present ground scenario and the future growth prospects of the automotive lubricants for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Asia Pacific automotive lubricants market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Asia Pacific Automotive Lubricants Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Asia Pacific automotive lubricants market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Asia Pacific Automotive Lubricants Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Asia Pacific Automotive Lubricants Market Report comprises of the following companies as the key players: Indian Oil Corporation Limited, Ceylon Petroleum Corporation, Laugfs Holdings Limited, ExxonMobil, Royal Dutch Shell, Total SA, Fuchs Group, Petronas Lubricant International Sdn Bhd, Amsoil Inc., Chevron Corporation, KMG Chemicals, Toyota Tsusho Corporation, Sinopec, Pennzoil-Quaker State, Equilon, Burmah Castrol, Lukoil, and Idemitsu.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Asia Pacific automotive lubricants market report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for automotive lubricants market
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• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects