Automotive lubricants constitute 60% of the total finished lube market. Of this, the commercial vehicle segment accounts for half of the volume while the passenger car segment constitutes a mere 7%. The two-wheeler segment, witnessing explosive growth, constitutes about 25%. Agriculture equipments, stationary engines and other miscellaneous applications account for the balance 18% of the market.
With the ever-changing dynamics of the market. Rising oil prices and the ever-growing clamour for environment protection has resulted in the industry seeking energy-efficient and less polluting engines. In turn, this has made oil manufacturers into delivering cutting-edge products.
Engine oils are widely used to lubricate internal combustion engines and are generally composed of 75-90% base oils and 10-25% additives. They are typically used for applications, such as wear reduction, corrosion protection, and smooth operation of engine internals. They function by of heat and reducing tension during the contact of parts.
Between technology improvements and government-mandated fuel economy requirements, automakers have been manufacturing light vehicles with tight tolerances, which makes them more durable. High-mileage engine oils are in demand lately, owing to the properties that help in the prevention of oil leaks and the reduction of oil consumption.