#lubricantmarket

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The Europe Automotive Lubricants Market is valued at 2.93 billion liters in 2021 and is anticipated to reach 3.32 billion liters by 2026. Passenger vehicles recorded a significant share, followed by commercial vehicles & motorcycles.

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Impact of covid-19 on industrial market

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Global Chassis Lubricant Industry forecast to 2018-2024

Global Chassis Lubricant Industry forecast to 2018-2024

Global Chassis Lubricant Market, provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Chassis Lubricant Market analysis is provided for the international Industry including development trends, competitive landscape analysis, and key regions development status.

The report provides key statistics on the market status of the…

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The aviation lubricantmarket is projected to grow from an estimated USD 2.03 Billion in 2017 to USD 2.68 Billion by 2022

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The United Kingdom commercial vehicle lubricants market is valued at 48.18 million liters in 2021 and is projected to register a CAGR of 2.44% to reach 54.35 million liters in 2026. In 2021, domestic sales remained low for heavy commercial vehicles due to the low demand and the expected slow recovery in demand. Even though the current market share of electric commercial vehicles is lower than passenger vehicles, the government’s target to achieve 100% electric van sales, along with cars, by 2030 is likely to majorly boost their sales over the next five years.

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In passenger vehicles, grease is a multipurpose lubricant that finds application in bearings, motor starting, wheel hubs, chassis, water pumps, dynamos, etc. The application of grease in terms of volume is more during the production of a vehicle than in the aftermarket segment. However, the aftermarket segment also generates significant demand for grease, as it is applied at certain intervals to maintain the smooth functioning of vehicles. For more breathtaking insights, click to know more Connect with Mordor Intelligence, your trusted market intelligence adviser. Follow us for the latest industry-specific recent developments.

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The global passenger vehicles lubricants market is projected to register a CAGR of 4.04% to reach 13 billion liters by 2026. The major players in this market are BP PLC (Castrol), China National Petroleum Corporation, China Petroleum & Chemical Corporation, ExxonMobil Corporation, and Royal Dutch Shell PLC. For more key insights, tap to view more Connect with Mordor Intelligence, your trusted market intelligence adviser. Follow us for the latest industry-specific recent developments.

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China accounted for 35.94% of the total consumption of commercial vehicle lubricants in the Asia-Pacific region. The continuing financial incentives for new energy commercial vehicles and the increasing industrial activities in China are likely to drive the sales of commercial vehicles. This, in turn, is likely to drive lubricant consumption in this sector at a CAGR of 5.16% from (2021-to 2026). For more instrumental input, click more Connect with Mordor Intelligence, your trusted market intelligence adviser. Follow us for the latest industry-specific recent developments.

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The Russian lubricants market is projected to register a CAGR of 2.32% to reach 1.34 billion liters by 2026. Due to the increasing use of machinery in sectors like mining, construction, and agriculture, heavy equipment is the fastest-growing end-user of lubricants in the country. For more latest insights, tap to know more Connect with Mordor Intelligence, your trusted market intelligence adviser. Follow us for the latest industry-specific recent developments.

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The Germany lubricants market is projected to register a CAGR of 1.87% to reach 959.89 million liters by 2026. The major players in this market are BP Plc (Castrol), ExxonMobil Corporation, FUCHS, Royal Dutch Shell Plc, and TotalEnergies. For more updates on the lubricants market, click to see more Connect with Mordor Intelligence, your trusted market intelligence adviser. Follow us for the latest industry-specific recent developments.

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The United Kingdom lubricants market is projected to register a CAGR of 2.08% to reach 432.40 million liters by 2026. Among non-renewable energy capacity, coal, non-CCGT gas, oil, and other fuels account for 10.8 GW. In June 2021, the United Kingdom announced plans to close the existing coal power generation plants by October 2024, a year earlier than the initial plan. For more instrumental input, click to see more Connect with Mordor Intelligence, your trusted market intelligence adviser. Follow us for the latest industry-specific recent developments.

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Europe has been one of the leaders in adopting electric vehicles across the world. Various governments in Europe have been providing major economic incentives for scrapping old diesel cars and replacing them with electric cars. There has been a significant rise in the number of charging stations for electric vehicles in countries like France and Germany over the last five years. This trend is expected to continue during the forecast period. For more key insights, tap to know more Connect with Mordor Intelligence, your trusted market intelligence adviser. Follow us for the latest industry-specific recent developments.

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Among all end-user segments, lubricants in the power generating sector were the least affected by the COVID-19 pandemic as demand for electricity generation was unaffected. Thermal power capacity is predicted to increase from 55.3 GW in 2020 to 67.2 GW in 2030. Overall, lubricant consumption is estimated to record a CAGR of 6.43% between 2021-2026 in this segment. For more insightful input, click to see more Connect with Mordor Intelligence, your trusted market intelligence adviser. Follow us for the latest industry-specific recent developments.

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The United States lubricants market is projected to register a CAGR of 2.51% to reach 7.30 billion liters by 2026. The major players in this market are BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc, and Valvoline Inc. For more interesting updates, tap to know more Connect with Mordor Intelligence, your trusted market intelligence adviser. Follow us for the latest industry-specific recent developments.

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