Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 259

India’s Automotive Lubricants Market

Posted by fidest press agency su mercoledì, 27 marzo 2019

The “India Automotive Lubricants (Comprehensive Techno-Commercial) Market Analysis and Forecast, 2013-2030” report has been added to ResearchAndMarkets.com’s offering.The demand for automotive lubricants stood at 1,418 KTPA in 2018 and is projected to grow at a CAGR of 3.59% during 2019-2030 in India.Growing use of automotive lubricants in various end-use sectors such as two-wheelers, passenger cars and commercial vehicles is the key factor aiding market growth.Though mineral oils hold the largest share among all the automotive lubricants used in the country, the demand for synthetic and semi-synthetic lubricants is expected to grow at a rapid pace in the coming years.Moreover, availability of a variety of automotive lubricants across various segments such as engine, gear, grease and transmission fluids would have a positive impact on the country’s automotive lubricants market during 2019-2030.

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