Canada Automotive Lubricants Market Outlook (2018 to 2032)

Year Value
2018 12.46
2019 12.8
2020 13.16
2021 13.52
2022 13.89
2023 14.3
2024 14.71
2025 15.14
2026 15.58
2027 16.03
2028 16.5
2029 16.98
2030 17.47
2031 17.98
2032 18.5
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Canada Automotive Lubricants Market Outlook (2018 to 2032)

Synopsis
The above chart is Canada Automotive Lubricants Market Outlook (2018 to 2032)

Market Dynamics

the canada automotive lubricants market has been growing consistently due to the rise in the number of vehicles in the country, as well as the expansion of oil and gas operations. the improved economic conditions and increasing environmental awareness have also encouraged the sale of these products. the automotive lubricants market outlook in canada for 2018 to 2032 is upbeat with the market expected to grow steadily, driven by the increasing demand for the lubricants, as the number of vehicles on roads continues to grow. additionally, rising environmental consciousness is reinforcing the usage of the lubricants, thereby propelling the market growth. in terms of product type, the synthetic and semi-synthetic automotive lubricantsae expected to hold a major share of the market during the forecast period in canada. this is attributable to their superior properties such as enhanced oxidation stability and increased wear protection as compared to mineral-based oils. moreover, they are also used to ensure long oil-drain intervals whereas mineral oils generally require frequent oil changes. as a result of superior chemical composition, the synthetic and semi-synthetic lubricants provide acceptable lubrication efficiency in low-temperature starting conditions, saving fuel and extending engine life. thus, they are being preferred by consumers, resulting in an increase in their sales over the past few years. further, the growing usage of automatic transmission fluid and high-performance lubricants in various industries such as commercial, automotive, and marine for enhanced protection against wear is also driving the demand for the automotive lubricants in canada. moreover, increasing government support for the use of lubricants by formulating various regulations for reduced pollutant emission is another factor accelerating the growth of the automotive lubricants market in the region. technological advancements in the production process and development of high-quality lubricants by the leading market players are likely to fuel the market demand in the country.

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