Automotive Lubricants Market - Asia Pacific to Remain Frontrunner Due to Rising Consumer Purchasing Power, TMR
According to a new study by Transparency Market Research (TMR), the global automotive lubricants market exhibits a high degree of competition and is likely to increase with the entry of new players in the near future. The top three players, namely ExxonMobil Corp., Royal Dutch Shell PLC, and BP PLC, accounted for 31.6% of the overall market in 2015, indicating at highly fragmented nature of the market. “The dominance of these players can be attributed to their diversified product portfolio and robust distribution channels,” says TMR’s lead analyst. The global automotive lubricants market had a valuation of US$55.44 bn in 2015 and is poised to rise to US$78.92 bn by the end of 2024. Between 2016 and 2024, the market is expected to progress at a CAGR of 4.10%. Browse Market Research Report @ http://www.transparencymarketresearch.com/automotive-lubricants-market.html Passenger Vehicles to Remain Leading Consumer of Automotive Lubricants unti...