Global Automotive Engine Oil Market: Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Automotive Engine Oil Market: By Technology (Premium Conventional Engine Oil, Full Synthetic Engine Oil, Synthetic Blend Engine Oil and Higher Mileage Engine Oil), By Additives (Dispersants, Friction Modifiers, Anti- Wear Agents, Pour Point Depressants, Foam Inhibitors and Anti-Oxidants), By Distribution Channels (Aftermarket and Original Equipment Manufacturer (OEM)), By Base Oil Type (Mineral and Synthetic), By Vehicle Type (Heavy Duty Vehicles, Light Commercial Vehicles, Motorcycles, Off-Highway Vehicle, On-Highway Vehicle and Passenger Cars) and Geography

 

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Report

Description

The global automotive engine oil market size was valued at USD 35.90 billion in 2020 and is projected to expand at an estimated CAGR of 3.9% from 2021 to 2027. Some of the key factors propelling the market growth include rising demand for synthetic and conventional products, rising vehicle sales and production in emerging economies, increasing demand for heavy duty vehicles and government legislations for automotive engine oil. However, fluctuating prices of raw materials is the major factor restricting the market growth. In addition, increasing consumer awareness for high-performance variants and fuel-efficiency are likely to provide huge growth opportunity for the market. Automotive vehicle sales have shown a constant rise over the past few years as a result of growing population and consumer spending capacity. Automakers are constantly developing more efficient engines and drive-trains to reduce fuel consumption, and a wide range of sophisticated emissions-control technology is putting cleaner automobiles on the road everywhere. With more and more new vehicles with modern exhaust emissions performance on the road, clear improvements in air quality can be seen. Hence, global automotive engine oil market witnessed a significant growth during the past few years due to the growth of automotive industry. Engine oils are oils that consist of mineral and have synthetic base oil including various additives. The quality of engine oil depends on the base oil and its properties, as well as on the additives. Automotive engine oil is available in different SAE grades to suit the climate, where it is used and the purpose of its usage. The function of automotive engine oil is to reduce friction between metal surfaces in contact with each other and prevent from any damage caused by wear and tear of the metal surface.

Automotive Engine Oil Market

MARKET SUMMARY
-
3.9%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 3.9%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Asia Pacific

Automotive Engine Oil Market

  • Global Automotive Engine Oil market report gives comprehensive outlook on automotive engine oil across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global automotive engine oil market gives historical, current, and future market sizes (US$ Mn) on the basis of technology, additives, distribution channels, base oil type, vehicle type and region.
  • This report studies global automotive engine oil market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global automotive engine oil market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global automotive engine oil products.
Market Key Players
  • BP plc. (U.K)
  • Chevron Corporation (U.S)
  • Exxon Mobil Corporation (U.S)
  • FUCHS Lubricants (U.S)
  • JIANGSU LOPAL TECH
  • LUKOIL oil company (Russia)
  • PetroChina Company
Growth

Automotive Engine Oil Market

From rising costs to unexpected fluctuations in raw material price levels, unforeseen obstacles are destabilising supply chains and making it difficult for manufacturers to remain in the black. It is that these fluctuations in price impacted the business of engine oils in one or other way to help offset as much of that impact as possible. Hence, as there is fluctuating prices of raw materials there is an increasing demand for electric vehicles and therefore decreasing demand for the market.


Asia-Pacific Got Significant Share

Automotive Engine Oil Market

Asia Pacific accounted for larger revenue share in global automotive engine oil market with considerable CAGR. The growth in this region is due to the increasing demand for product from emerging countries like India. Also, rising disposable income, growing middle class are some other factors contributing for the market growth. Further, as these countries fall in the tropical region / the hot climatic conditions. Thus the engine oil coolant in these markets is very high. Therefore, the region is likely to continue its dominance in the coming years.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global automotive engine oil market expanding at significant CAGR over 2021 to 2027 owing to increasing adoption of automotive vehicles across the globe.
  • Based on technology, full synthetic engine oil segment accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global Automotive Engine Oil market

Key

Key Features of the Report

Automotive Engine Oil Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

  1. Executive Summary
  2. Global Automotive Engine Oil Market Introduction
    • Global Automotive Engine Oil Market – Taxonomy
    • Global Automotive Engine Oil Market –Definitions
      • Technology
      • Additives
      • Distribution Channels
      • Base Oil Type
      • Vehicle Type
  3. Global Automotive Engine Oil Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Automotive Engine Oil Market Dynamic Factors – Impact Analysis
    • Global Automotive Engine Oil Market – Competition Landscape
  4. Global Automotive Engine Oil Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Automotive Engine Oil Market, By Technology, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Premium Conventional Engine Oil
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Full Synthetic Engine Oil
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Synthetic Blend Engine Oil
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Higher Mileage Engine Oil
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Automotive Engine Oil Market Forecast, By Additives, 2014 – 2018 and Forecast, 2019 – 2025
    • Dispersants
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Friction Modifiers
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Anti- Wear Agents
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pour Point Depressants
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Foam Inhibitors
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Anti-Oxidants
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Automotive Engine Oil Market Forecast, By Distribution Channels, 2014 – 2018 and Forecast, 2019 – 2025
    • Aftermarket
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Original Equipment Manufacturer (OEM)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Automotive Engine Oil Market Forecast, By Base Oil Type, 2014 – 2018 and Forecast, 2019 – 2025
    • Mineral
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Synthetic
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Automotive Engine Oil Market Forecast, By Vehicle Type, 2014 – 2018 and Forecast, 2019 – 2025
    • Heavy Duty Vehicles
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Light Commercial Vehicles
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Motorcycles
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Off-Highway Vehicle
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • On-Highway Vehicle
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Passenger Cars
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Automotive Engine Oil Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Automotive Engine Oil Market – Opportunity Analysis Index, By Technology, Additives, Distribution Channels, Base Oil Type, Vehicle Type and Region, 2019 – 2025
  2. North America Automotive Engine Oil Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Technology Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Premium Conventional Engine Oil
      • Full Synthetic Engine Oil
      • Synthetic Blend Engine Oil
      • Higher Mileage Engine Oil
    • Additives Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Dispersants
      • Friction Modifiers
      • Anti- Wear Agents
      • Pour Point Depressants
      • Foam Inhibitors
      • Anti-Oxidants
    • Distribution Channels Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aftermarket
      • Original Equipment Manufacturer (OEM)
    • Base Oil Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Mineral
      • Synthetic
    • Vehicle Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Heavy Duty Vehicles
      • Light Commercial Vehicles
      • Motorcycles
      • Off-Highway Vehicle
      • On-Highway Vehicle
      • Passenger Cars
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Automotive Engine Oil Market – Opportunity Analysis Index, By Technology, Additives, Distribution Channels, Base Oil Type, Vehicle Type and Country, 2019 – 2025
    • North America Automotive Engine Oil Market Dynamics – Trends
  3. Europe Automotive Engine Oil Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Technology Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Premium Conventional Engine Oil
      • Full Synthetic Engine Oil
      • Synthetic Blend Engine Oil
      • Higher Mileage Engine Oil
    • Additives Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Dispersants
      • Friction Modifiers
      • Anti- Wear Agents
      • Pour Point Depressants
      • Foam Inhibitors
      • Anti-Oxidants
    • Distribution Channels Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aftermarket
      • Original Equipment Manufacturer (OEM)
    • Base Oil Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Mineral
      • Synthetic
    • Vehicle Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Heavy Duty Vehicles
      • Light Commercial Vehicles
      • Motorcycles
      • Off-Highway Vehicle
      • On-Highway Vehicle
      • Passenger Cars
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Automotive Engine Oil Market – Opportunity Analysis Index, By Technology, Additives, Distribution Channels, Base Oil Type, Vehicle Type and Country, 2019 – 2025
    • Europe Automotive Engine Oil Market Dynamics – Trends
  4. Asia-Pacific Automotive Engine Oil Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Technology Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Premium Conventional Engine Oil
      • Full Synthetic Engine Oil
      • Synthetic Blend Engine Oil
      • Higher Mileage Engine Oil
    • Additives Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Dispersants
      • Friction Modifiers
      • Anti- Wear Agents
      • Pour Point Depressants
      • Foam Inhibitors
      • Anti-Oxidants
    • Distribution Channels Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aftermarket
      • Original Equipment Manufacturer (OEM)
    • Base Oil Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Mineral
      • Synthetic
    • Vehicle Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Heavy Duty Vehicles
      • Light Commercial Vehicles
      • Motorcycles
      • Off-Highway Vehicle
      • On-Highway Vehicle
      • Passenger Cars
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Automotive Engine Oil Market – Opportunity Analysis Index, By Technology, Additives, Distribution Channels, Base Oil Type, Vehicle Type and Country, 2019 – 2025
    • Asia-Pacific Automotive Engine Oil Market Dynamics – Trends
  5. Latin America Automotive Engine Oil Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Technology Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Premium Conventional Engine Oil
      • Full Synthetic Engine Oil
      • Synthetic Blend Engine Oil
      • Higher Mileage Engine Oil
    • Additives Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Dispersants
      • Friction Modifiers
      • Anti- Wear Agents
      • Pour Point Depressants
      • Foam Inhibitors
      • Anti-Oxidants
    • Distribution Channels Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aftermarket
      • Original Equipment Manufacturer (OEM)
    • Base Oil Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Mineral
      • Synthetic
    • Vehicle Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Heavy Duty Vehicles
      • Light Commercial Vehicles
      • Motorcycles
      • Off-Highway Vehicle
      • On-Highway Vehicle
      • Passenger Cars
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Automotive Engine Oil Market – Opportunity Analysis Index, By Technology, Additives, Distribution Channels, Base Oil Type, Vehicle Type and Country, 2019 – 2025
    • Latin America Automotive Engine Oil Market Dynamics – Trends
  6. Middle East and Africa Automotive Engine Oil Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Technology Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Premium Conventional Engine Oil
      • Full Synthetic Engine Oil
      • Synthetic Blend Engine Oil
      • Higher Mileage Engine Oil
    • Additives Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Dispersants
      • Friction Modifiers
      • Anti- Wear Agents
      • Pour Point Depressants
      • Foam Inhibitors
      • Anti-Oxidants
    • Distribution Channels Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aftermarket
      • Original Equipment Manufacturer (OEM)
    • Base Oil Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Mineral
      • Synthetic
    • Vehicle Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Heavy Duty Vehicles
      • Light Commercial Vehicles
      • Motorcycles
      • Off-Highway Vehicle
      • On-Highway Vehicle
      • Passenger Cars
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Automotive Engine Oil Market – Opportunity Analysis Index, By Technology, Additives, Distribution Channels, Base Oil Type, Vehicle type, and Country, 2019 – 2025
    • MEA Automotive Engine Oil Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • BP plc. (U.K)
      • Chevron Corporation (U.S)
      • Exxon Mobil Corporation (U.S)
      • FUCHS Lubricants (U.S)
      • JIANGSU LOPAL TECH. Co. Ltd. (China)
      • LUKOIL oil company (Russia)
      • PetroChina Company (China)
      • Royal Dutch Shell plc. (Netherlands)
      • Sinopec Lubricant Company (Beijing)
      • Total S.A (France)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • BP plc. (U.K)
  • Chevron Corporation (U.S)
  • Exxon Mobil Corporation (U.S)
  • FUCHS Lubricants (U.S)
  • JIANGSU LOPAL TECH. Co. Ltd. (China)
  • LUKOIL oil company (Russia)
  • PetroChina Company (China)
  • Royal Dutch Shell plc. (Netherlands)
  • Sinopec Lubricant Company (Beijing)
  • Total S.A (France)

Description

The global automotive engine oil market size was valued at USD 35.90 billion in 2020 and is projected to expand at an estimated CAGR of 3.9% from 2021 to 2027. Some of the key factors propelling the market growth include rising demand for synthetic and conventional products, rising vehicle sales and production in emerging economies, increasing demand for heavy duty vehicles and government legislations for automotive engine oil. However, fluctuating prices of raw materials is the major factor restricting the market growth. In addition, increasing consumer awareness for high-performance variants and fuel-efficiency are likely to provide huge growth opportunity for the market. Automotive vehicle sales have shown a constant rise over the past few years as a result of growing population and consumer spending capacity. Automakers are constantly developing more efficient engines and drive-trains to reduce fuel consumption, and a wide range of sophisticated emissions-control technology is putting cleaner automobiles on the road everywhere. With more and more new vehicles with modern exhaust emissions performance on the road, clear improvements in air quality can be seen. Hence, global automotive engine oil market witnessed a significant growth during the past few years due to the growth of automotive industry. Engine oils are oils that consist of mineral and have synthetic base oil including various additives. The quality of engine oil depends on the base oil and its properties, as well as on the additives. Automotive engine oil is available in different SAE grades to suit the climate, where it is used and the purpose of its usage. The function of automotive engine oil is to reduce friction between metal surfaces in contact with each other and prevent from any damage caused by wear and tear of the metal surface.

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