Automotive Lubricants Market
economic conditions is one of the primary reasons behind the dominance of the region . China and Japan are among the leading consumers of automotive lubricants , owing to the robust growth of the automotive sector in the countries . Owing to these factors , the region is anticipated to exhibit a CAGR of 5.40 % during the forecast period .
Fill the form for an exclusive sample of this report @ http :// www . transparencymarketresearch . com / sample / sample . php ? flag = S & rep _ id = 9 052
Growing Sales of Motor Vehicles Fuel Growth Prospects With the rising sales of motor vehicles , the demand for automotive lubricants is expected to follow a notable growth trajectory . “ Since automotive lubricants enhance the operation and lifespan of vehicles , by protecting their engine against friction , their demand is directly influenced by the number of automobiles on the road ,” says a TMR analyst .
In addition , the growing global population is translating into the higher requirements of vehicles to meet the transportation needs of people across the globe . Besides this , the increasing purchasing power of consumers is reflecting positively on the sales of motor vehicles , which in turn , is providing a significant boost to the global demand for automotive lubricants .
Increasing Usage of Biofuels Inhibits Market Growth Despite an array of drivers , the high costs of fully- or semi-synthetic lubricants are adversely affecting the growth of the global automotive lubricants market . Moreover , the rising enforcement of stringent regulations and norms on emissions caused due to fuel and lubricants , particularly in developed regions , is likely to deter the pace of development of the overall market . This , coupled with the growing trend of using biofuels in motor vehicles , is impacting the growth of the market negatively . However , the flourishing growth of the automotive sector in emerging economies is opening new growth avenues for market players .
Browse Press Release : http :// www . transparencymarketresearch . com / pressrelease / automotivelubricants-market-size . htm
TABLE OF CONTENT
1 . Preface 1.1 . Report Scope and Market Segmentation 1.2 . Research Highlights
Transparency Market Research
3