Automotive Lubricants Market Size, Share, Growth

Market Tidbits:The global Automotive Lubricants Market size was projected at US$ 57.2 billion in 2014.

Use of lubricants has increased the vehicles’ age to 11 years.OEMs do recommend using quality lubricants like semi-synthetic/synthetic oil due to the fat that they make way for better lubrication as compare to mineral oil.

This is another factor bolstering the automotive lubricants market.

Plus, electric vehicles are subject to lesser number of reciprocating parts.Market Segmentation:The automotive lubricants industry is segmented on the basis of base oil, product type, and geography.

By type of product, the segmentation goes like bio-based oil, semi-synthetic/synthetic oil, and mineral oil.

Semi-synthetic/synthetic oil holds the largest market share; thanks to its splendid performance.

This report studies the global market size of Robotic Surgery Systems in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Robotic Surgery Systems in these regions.

This report also studies the global Robotic Surgery Systems market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

Market size by End User

Rest of Central & South America

The study objectives of this report are:

To study and analyze the global Robotic Surgery Systems market size (value & volume) by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.

New York, NY 13 May 2021: The global automotive lubricants market is anticipated to reach USD 75.63 billion by 2026 according to a new study published by Polaris Market Research.

The automotive lube segment has emerged as a major growth market, in addition to a source of competitively priced mechanism in the overall lubricant industry.

In the automobile industry, the consumers have been migrating for enhanced quality vehicles and the increase in demand for the four stroke motorbikes.

Manufacturers of these products with significant tie ups with the OEMs that use lubricants of higher grade quality, offering multi-grade lubricants with powerful brand recognition and wide range of distribution networks are expected to gain higher market share in the competitive industry space over the forecast period.

Increased car and motorcycle stock, increase in agricultural machinery driven lubes consumption have been the primary factors to drive the automotive lubricants market.

Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/automotive-lubricants-market/request-for-sample The multinationals players with superior technology, brand image and finances have retained the power to introduce themselves on their own in the industry.

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The following manufacturers are covered in this report, with sales, revenue, market share for each company:

Market size by End User

According to IMARC Group latest report titled” Automotive Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited negative growth in 2020.

Automotive lubricants refer to fluids that are widely utilized to reduce the friction between two surfaces to prevent wear and tear of automobile components.

They are commonly formulated using specialized oils and additives that are derived from petroleum sources.

They are also employed to significantly minimize the heat generated between numerous parts to enhance the efficiency and functioning of critical components, including engines, bearings and hydraulic gears.

Engine oils, transmission fluids and grease oils are some of the widely utilized automotive lubricants across the globe.Get a sample copy of this Report: https://www.imarcgroup.com/automotive-lubricants-market/requestsampleAs the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.Market Trends:The global market is majorly driven by significant growth in the automotive sector.

Furthermore, the advent of chemical-free and bio-based automotive lubricants in the market is creating a positive outlook for the market as they offer superior lubricity while minimizing the adverse environmental effects caused due to the utilization of synthetic product variants.

With the mushrooming sales of automobiles, especially in the developing nations such as China, Mexico, India, and Brazil, due to the increasing per capita income of the inhabitants, the demand for lubricants is growing rapidly.

This is because lubricants are extensively used in the crankcase of a vehicle engine for ensuring its efficient operation.

Additionally, these crude oil by-products assist in reducing friction, which, in turn, leads to lesser wear and tear on the vehicle.This consequently increases the lifespan of the vehicle.

Besides, the growing public awareness about the various advantages of using lubricants in vehicles and various machines and factory equipment is also fueling the sales of these crude oil by-products across the world.

Furthermore, many lubricant producers around the world are increasingly adopting customer-friendly methods such as trade shows and promotional campaigns for raising public awareness about their brand through visual and print media.Through these methods, companies provide free samples and gifts to customers for creating curiosity and generating awareness about lubricants.

Apart from this, the expansion of the automobile industry in several countries is also positively impacting the sales of lubricants.

The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.

It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.

Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.

Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.

Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.

Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size  By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.