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What Industry Dominates Lubricant Consumption?

What Industry Dominates Lubricant Consumption?

Automotive lubricants dominate the global lube consumption. Automotive lubricants accounts ~ 55% of the global lubricants market and the demand for high-quality lube is expected to create significant opportunities over the long-term forecast period.
In terms of consumption, over 60 percent of the energy is consumed in the vehicle through the engine components. So improvements in automotive lubricants is the ideal place to optimize the performance of engines. High-performance automotive lubricants constitute excellent solvency and better hydrophilic properties. Application of these automotive lubricants leads to durable operation of the engine through lighter viscosity grades of high-performance lubricants. Additionally, less viscous and premium synthetics lubricants also increase the fuel economy of engines to a greater extent.
In recent years, nano-lubricants have been an advanced development in the market of automotive lubricants, created by adding nanoparticles to lube oils. Adding carbon-based nanoparticles in automotive lubricants improve the anti-wear properties and help to reduce the frictional resistance in the engine. Nano-lubricants not only reduce the frictional resistance but also enhance the load-carrying capacity of the engine. But the tendency to “settle out” from the liquid lubricant, nano lubricants need extensive research for their stable and effective production.
Furthermore, performance additives are added to automotive lubricants to enhance their performance and ensure a prolonged engine life. In modern automotive lubricants, combination of additives are used to serve better lubrication in engine. New modified engines, a higher range of operating conditions, new government legislations ensure the requirement for additives to enhance the efficiency of automotive lubricants.
To meet the ever-changing consumer demand for high-performance automotive lubricants and strict environmental legislation to reduce CO2 emissions, market players need to implement advanced technologies. Prominent manufacturers can leverage R&D activities to bring more efficiency and new advancements, which will add more value to the existing product portfolio in the forecast period. Texol Lubritech is one of the well-known automotive oil and lubricant suppliers UAE. Check out their full range of oils and lubricants in UAE.
What Industry Dominates Lubricant Consumption?
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What Industry Dominates Lubricant Consumption?

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