There is a significant number of manufacturers operating in the global automotive lubricant market. These players are focusing on increasing their investment in R&D activities to improve product quality to meet rising consumer requirements. Market stakeholders are increasing their production to gain a competitive edge in the global market. However, the increasing use of biofuels is affecting the growth of the global automotive lubricant market. The rising popularity of electric vehicles and rapidly increasing sales of electric vehicles are also affecting the growth of the global automotive lubricant market.
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