Automotive Engine Oil Market Size, Share, Growth Analysis, By Grade(Mineral, Synthetic, Semi-Synthetic), By Engine Type(Diesel, Gasoline, Alternative Fuel), By Vehicle Type(Passenger Cars, Motorcycle, Heavy Duty Vehicles, Light Commercial Vehicles), By Region - Industry Forecast 2024-2031

The Asia Pacific region is projected to dominate the automotive engine oil market. This is due to the presence of a big consumer base as well as increased product production and consumption in nations such as China. To capitalize on the region's enormous potential, product formulators such as Total are boosting their investments in the Asia Pacific region. Automobile multinationals operating in the region have begun to invest extensively in digitizing their manufacturing plants in order to deliver speedier output.

In terms of automation and robotics, China is making tremendous progress, with major car manufacturers spending considerably in the field. The gap between oil changes is an important driving force for the product in China and the Asia Pacific. For regular passenger automobiles, the transition happens at roughly 30,000 Kms in places such as Europe and parts of America. Vehicles in Asian countries are built in such a way that oil changes are required every 5,000 to 10,000 Kms, depending on the vehicle's usage.

In terms of revenue, North America is the second-largest in the regional category. This is due to the growing demand for commercial vehicles in the region from the e-commerce and logistics industries. According to the US Department of Energy, on-road diesel fuel-powered vehicles have seen higher sales than off-road diesel fuel-driven vehicles in the United States. Due to its excellent fuel economy and low carbon emissions, the country uses a significant amount of diesel fuel compared to gasoline or natural gas alternatives.