What is the global market size of Automotive Engine Oil Market?

Global Automotive Engine Oil Market was valued at USD 35.7 Billion in 2021, and it is expected to reach a value of USD 44.51 Billion by 2028, at a CAGR of 3.20% over the forecast period (2022-2028). Read More

Who are the key vendors in the Global Automotive Engine Oil Market?

Mergers and acquisitions are key strategies adopted by prominent Automotive Engine Oil Market players to gain a competitive advantage. Several small, medium and large-scale businesses are currently pursuing mergers and acquisitions with other reputable businesses in order to expand their product offerings and other related services. 'Motul (France)','Petroliam Nasional Berhad (Malaysia)','ExxonMobil (US)','Royal Dutch Shell (UK)','Total S.A. (France)','Fuchs Group (Germany)','Petronas Lubricant International Sdn Bhd (Malaysia)','Amsoil Inc (US)','CASTROL LIMITED (UK)','Chevron Corporation (US)','Oryx Energies SA (Switzerland)','KenolKobil Ltd. (Kenya)','Sinopec (China)','Pennzoil (US)','Equilon Enterprises (US)','Idemitsu Kosan Co., Ltd (Japan)','Leo Lubricants Pvt Ltd. (India)','DANA LUBRICANTS FACTORY LLC (UAE)','Castrol Limited (UK)','HINDUJA GROUP (INDIA)','GP Petroleum Ltd. (India)','Saudi Arabian Oil Co. (Saudi Arabia)','Gazprom (Russia)','ROSNEFT (Russia)','Jiangsu Lopal Tech. Co. Ltd. (China)' Read More

Automotive Engine Oil Market Size, Share, Growth Analysis, By Grade(Mineral, Synthetic), By Engine Type(Diesel, Gasoline), By Application(Passenger Vehicle, Heavy Commercial Vehicle), By Region - Industry Forecast 2025-2032

Q: Which region accounted for the largest share in Global Automotive Engine Oil Market?

The Asia Pacific region is projected to dominate the global 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. Read More

Report ID: SQMIG10C2033 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 91 | Figures: 76

Automotive Engine Oil Market News

In May 2022, Japanese automotive engine oil manufacturer and supplier Idemitsu Lube announced the launch of novel engine oil products for cars and bikes. The company also claimed the new engine oil series to be advanced and tailor-made for engine protection.
In September 2021, announced the launch of Mobil SuperTM All-in-One Protection SUV Pro synthetic engine oil. This launch by the company will aid in the revenue generation of the company as well as serve its customers with a broad product portfolio.

Automotive Engine Oil Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Automotive Engine Oil Market size was valued at USD 42.8 Billion in 2023 and is poised to grow from USD 44.51 Billion in 2024 to USD 62.82 Billion by 2032, growing at a CAGR of 4% during the forecast period (2025-2032).

Mergers and acquisitions are key strategies adopted by prominent Automotive Engine Oil Market players to gain a competitive advantage. Several small, medium and large-scale businesses are currently pursuing mergers and acquisitions with other reputable businesses in order to expand their product offerings and other related services. 'Shell plc ', 'Valvoline ', 'BP ', 'Fuchs Petrolub ', 'Petronas ', 'Chevron Corporation ', 'Ebi Gmbh ', 'Castrol India ', 'Philips 66 ', 'ExxonMobil Corporation ', 'RelaDyne ', 'Pentagon Lubricants Private Limited ', 'HINDUJA GROUP ', 'Chevron Corporation ', 'TotalEnergies'

The globalization of the automobile industry is one of the main reasons propelling the growth of the automotive engine oil market. Spark plugs are widely used in electrical, marine, and aerospace industries, which benefits the market.

Synthetic automotive engine oil is significantly replacing mineral-based engine oil. Alpha-olefins, short-chain hydrocarbon molecules, are converted into polyalpha-olefins, long-chain hydrocarbon polymers, to create synthetic engine oils. Since they share chemical similarities with mineral oils that have been refined from crude oil, developed regions like North America and Europe have a significant demand for them. Synthetic engine oil has the advantage of enhancing fuel efficiency, lowering oil consumption, and extending the time between oil changes. Additionally, synthetic motor lubricants are less volatile than mineral engine oils, more temperature-resistant, and unlikely to oxidize. As a result, it is anticipated that during the forecast period, demand for synthetic motor oil will increase over mineral-based engine oils.

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Automotive Engine Oil Market Size, Share, Growth Analysis, By Grade(Mineral, Synthetic), By Engine Type(Diesel, Gasoline), By Application(Passenger Vehicle, Heavy Commercial Vehicle), By Region - Industry Forecast 2025-2032

Automotive Engine Oil Market News

Automotive Engine Oil Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Automotive Engine Oil Market?

Who are the key vendors in the Automotive Engine Oil Market?

What is the key driver of Automotive Engine Oil Market?

What is the key market trend for Automotive Engine Oil Market?

Which region accounted for the largest share in Automotive Engine Oil Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300