Global Automotive Lubricant Market to Grow at a CAGR of 2.77% During Forecast Period 2015-2019
Lubricants are materials used to reduce friction between two surfaces of equipment or components. They are usually in oil, semi-fluid, or solid state. Automotive lubricants include fluids such as engine oil, transmission fluid, gear oil, and brake oil. These are used to reduce the friction between the surfaces in contact, consequently improving the efficiency of the automotive components such as engines, brakes, and gears. These lubricants also help in removing the unwanted particles that cause disruptions in the functioning of...
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