World Automotive Lubricants Market Is Predicted to Progress at a Decent CAGR of 4.10% Between 2016 and 2024 to Reach US $78.9 Bn
Automotive lubricants are predominantly used to reduce friction and gain smooth functioning of a vehicle. Examples of automotive lubricant products are engine oil, gear oil, transmission fluid, greases, coolants, bearing oil, brake fluid, etc. Engine oil is estimated to expand at a significant rate during the forecast period due to increasing number of vehicles. Stringent environmental regulations on emissions across the globe is estimated to influence use of synthetic or bio-based lubricants over mineral oil based lubricants. Asia Pacific is...
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