Automotive Lubricants Market: Asia Pacific to Remain Frontrunner Due to Rising Consumer Purchasing Power, Says TMR
According to a new study by Transparency Market Research (TMR), the global automotive lubricants market exhibits a high degree of competition and is likely to increase with the entry of new players in the near future. The top three players, namely ExxonMobil Corp., Royal Dutch Shell PLC, and BP PLC, accounted for 31.6% of the overall market in 2015, indicating at highly fragmented nature of the market. "The dominance of these players can be attributed to their diversified product portfolio...
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