The Global Automotive Lubricants Market size valued to USD 77.91 billion in 2019

The Global Automotive Lubricants Market size valued to USD 77.91 billion in 2019, is predicted to garner USD 120.06 billion by 2030, with a CAGR of 3.9% from 2020-2030. The Automotive Lubricants Market observed a volumetric sale of 27,050 kilotons in 2019; it shall hike up to 38,607 kilotons by 2030, witnessing a CAGR of 3.2% from 2019-2030. Automotive lubricants are substrates introduced to reduce friction between two surfaces in mutual contact, hence ensuring smooth functioning and high performance of vehicles. Theses lubricants enhance the engine efficiency and prolongs the lifespan of vehicles by reducing wear and tear of the automotive parts. Automotive lubricants circulate the access heat generated during engine operations by absorbing and transmitting it to the cooler, hence controlling the vehicle temperature.