Global Passenger Car Lubricant Market Analysis (USD 68.1 Billion)- Report on Size, Growth
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- Location: Cologne
According to TechSci Research, the Global Passenger Car Lubricant Market was valued at USD 68.1 billion in 2022 and is expected to grow at a CAGR of 4.4% from 2024 to 2028. The increasing number of passenger vehicles on the road, rising environmental concerns, and technological advancements in lubricant formulations are key drivers of market growth.
The demand for high-performance lubricants is further fueled by the shift towards low-emission, high-efficiency engines that require specialized formulations to ensure optimal performance and longevity. The growth of the market is also influenced by the aftermarket segment, where consumers prioritize routine maintenance to enhance vehicle durability and efficiency.
cLiCk tHe bElOw lInK To dOwNlOaD ThE FrEe sAmPlE RePoRt fOr iNsIgHtS.
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