Precision Business Insights has published a report on the global fluids and lubricants market, estimating its value at USD 119.9 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 3.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/fluids-and-lubricants-market
The fluids and lubricants market includes a diverse variety of chemical chemicals used to decrease friction, disperse heat, and preserve mechanical components in the automotive, industrial, aerospace, marine, and construction industries. Engine oils, transmission fluids, hydraulic fluids, coolants, braking fluids, and greases are all designed to meet performance needs.
Drivers:
- Growing adoption of biodegradable, bio-based lubricants in sectors like agriculture and marine due to ESG mandates.
- Innovations in lubricant chemistry and additive technologies are enhancing product performance and efficiency.
The global fluids and lubricants market segmentation:
1) By Product: Engine Oil, Engine Coolant, Transmission Fluid, Brake Fluid, Differential Fluid, Power Steering Fluid, Hydraulic Clutch Fluid, Window Washer Fluid, and Others
2) By Propulsion Type: Battery Electric Vehicles (BEV), Plug-In Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicles (HEVs)
3) By Distribution Channels: OEMs and Aftermarkets
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Regional Overview:
The report also examines the current concerns and their Future Effects on the fluids and lubricants market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the fluids and lubricants market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Delian Group, Fuchs, Lubrizol Corporation, Lukoil, Sinopec, COPTON, Castrol, Petronas, OQ Chemicals, Tide Water Oil Co, JX Group, Pertamina, BASF, Amsoil, Eneos, Shell, CNPC, Chevron, Ashland Valvoline, BP, Total, Chemtura, ExxonMobil, GAOKE PETROCHEMICAL, Idemitsu Kosan
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