Global Automotive Lubricants Market: Proliferation of Automobile Industry for Transportation Needs Ups Demand, Notes TMR
The presence of a large number of players features high fragmentation and intense competition in the global automotive lubricants market, notes a new study by Transparency Market Research (TMR). In 2015, the top three market players, namely ExxonMobil Corp., Royal Dutch Shell Plc, and BP Plc held a share of only 31.6% in the global market. The wide array of product offerings by top players has been advantageous for these players over their competitors. However, the increasing entry of local...
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