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A lubricant is a substance, usually organic, introduced to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also have the function of transmitting forces, transporting foreign particles, or heating or cooling the surfaces. The property of reducing friction is known as lubricity. Passenger car lubricants provide correct lubrication of engines and transmission systems of the passenger cars.
This report contains market size and forecasts of Passenger Car Lubricants in global, including the following market information:
The global Passenger Car Lubricants market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Engine Oil Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Passenger Car Lubricants include Shell, Exxon Mobil, BP, Total, Chevron Corporation, Valvoline, Sinopec Lubricant, CNPC and Petronas, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Passenger Car Lubricants manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Passenger Car Lubricants Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Passenger Car Lubricants Market Segment Percentages, by Type, 2021 (%)
Global Passenger Car Lubricants Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Passenger Car Lubricants Market Segment Percentages, by Application, 2021 (%)
Global Passenger Car Lubricants Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Passenger Car Lubricants Market Segment Percentages, By Region and Country, 2021 (%)
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include: