Automotive Lubricants Market 2021 Factors, Applications, Regional Analysis, Key Players

A lubricant is a substance utilized to reduce friction between surfaces that are mutually in contact, ultimately reducing the heat generated when the surfaces move. In addition to industrial applications, lubricants are used for many other purposes mainly in the automotive industry.

A steady surge in commercial activities along with demand in a number of automobiles globally has spurred the growth in the automotive lubricants market. The immense popularity of motorsports and auto racing, as well as an increasing number of passenger cars, are also driving the market to peak levels. Moreover, increasing demand for passenger and commercial vehicles is fuelling the steadily growing market. Use of lubricants is very crucial in automobiles for heat generation, combustion products, friction/wear, sealing and material protection. Engine oil ensures easy ignition of the vehicle by the driver along with less fuel consumption as well as less wear. Automotive engine oils are used as pour point depressant, defoamer, detergent/dispersant, oxidation inhibitor, antiwear (AW)/extreme pressure (EP), and corrosion inhibitor.

Transmission fluids are high-performance lubricants that aim to protect gears from wear and also improves the ease with which gears are changed. Grease is also used as an automotive lubricant, where sealing is difficult and are at lower speeds. The automotive lubricants industry relinquish various opportunities for technology leaders to deliver value propositions targeted to specific needs.
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