New York, NY -- (SBWIRE) -- 11/02/2016 -- Automotive oil is a lubricant which is used in internal combustion engines that power motorcycles, cars, engine-generators, lawnmowers, and such kind of other machines. There are parts in the engines that moves against each other and this friction wastes useful power in the form of heat from kinetic energy conversion. Sometimes, the wear of those parts takes place that would lead to degradation and lower efficiency of engine. All these factors decreases power output of the engine, and increases the fuel consumption and can even lead to failure of the engine. To prevent this damages and losses lubricating motor oil is used that forms a thin film between the adjacent moving parts to avoid the direct contact between the parts. Thus the wear and the friction gets reduced and engine gets protected. An automobile fuel is used to power the engines and ultimately the vehicles, mostly the fuel used in the vehicles are gasoline or diesel. There are even other fuels available in the market these days and it includes biodiesel, ethanol, compressed natural gas (CNG), propane, hydrogen and charged batteries. The fuel in the vehicle ignited in the engine to provide energy, in case of a diesel engine the fuel ignites by compression and in case of gasoline engine it ignited by spark. The global automotive oil & fuel market is anticipated to have an healthy CAGR in the forecast period.

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The ever increasing automobile industry leads to the rise in the consumption of fuel required to run the vehicles is the major driving factor for the global automotive oil & fuel market. Also rising industrialization and urbanization is making the automobiles to run more than required and leads to the maintenance of its engines. Thus the need of the oil required for the maintenance of the automobiles is at its peak. All these factors leads to the growth of global automotive oil & fuel market.

However, the surging cost of the fuels such as diesel and gasoline is leading to the unaffordability of the use of automobiles that can slowdown the growth of automotive oil & fuel market. Also the risk of explosion of vehicles, specially the vehicles running on gas is scaring people to opt for these kind of vehicles that can again hamper the automotive oil & fuel market.

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