China Heavy Duty Truck Lubricants Market - Forecast(2022 - 2027) - PowerPoint PPT Presentation

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China Heavy Duty Truck Lubricants Market - Forecast(2022 - 2027)

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China's heavy-duty truck lubricants market size is forecast to reach US$2.3 billion by 2026, after growing at a CAGR of 6.3% during 2021-2026. – PowerPoint PPT presentation

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Title: China Heavy Duty Truck Lubricants Market - Forecast(2022 - 2027)


1
China Heavy Duty Truck Lubricants Market Market
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
Contact Venkat Reddy sales_at_industryarc.com
(1) 970-236-3677
2
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  • China's heavy-duty truck lubricants market size
    is forecast to reach US2.3 billion by 2026,
    after growing at a CAGR of 6.3 during 2021-2026.
    Lubricants are used as transmission fluids and
    hydraulic fluid to reduce friction between two
    surfaces of the components of a vehicle. They are
    also used to control the vehicle's high
    temperature by absorbing the heat generated while
    the vehicle is running. 

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3
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  • Key Takeaways
  • The growing usage of bio-based lubricants among
    heavy-duty trucks is driving the market growth.
    Bio-based lubricants are environmentally friendly
    and easily biodegradable compared to other
    lubricants available at the market place. 
  • Growing demand for high-performance vehicles
    among transportation and manufacturing sectors is
    driving the demand for heavy-duty truck
    lubricants.

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4
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By Distribution Channel- Segment Analysis China
heavy-duty truck lubricants are used as engine
oils, brake oil, and transmission fluid among
others. The engine oil segment accounted for
approximately 45 of the market share in 2020 and
is estimated to grow at a significant CAGR during
the forecast period. Engine oil is the main
component used for vehicle performance and the
right engine oil will improve the lifespan of
vehicles. Engine oil helps in maintaining
viscosity, ensures dependability, reduces engine
wear, and improves engine performance among
others. 
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5
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  •  China Heavy Duty Truck Lubricants Market -
    Forecast(2022 - 2027) Industry Outlook 
  • iangsu LOPAL Tech. Co.
  • Guangdong Delian Group Co.,
  • Shandong Yuangen Petroleum Chemical
  • Sinopec
  • PetroChina

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6
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China Heavy Duty Truck Lubricants Market -
Forecast(2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Report/1884
5/china-heavy-duty-truck-lubricants-market
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7
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  • You Can Customize the Report as Per Your Need.
    We have included Some Customization Options
  • Company Profile
  • Analyst Briefing
  • Data Tables
  • Key Contacts
  • Free Customization
  • Purchase Full Report _at_ https//www.industryarc.com
    /purchasereport.php?id18845

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8
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
Inquiry Before Buying
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