Automotive Engine Oil Market

Global Automotive Engine Oil Market is valued at USD 35.07 Billion in 2021 and expected to reach USD 43.43 Billion by 2028 with a CAGR of 3.10% over the forecast period.

Scope of Automotive Engine Oil Market

Automotive Engine Oil Market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Automotive Engine Oil market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market.

Automotive engine oil is a lubricant applied in internal combustion engines, which works as the protector of the engine. In engine when moving parts like piston, gears, crank shaft come in to contact with each other creates friction which waste energy in the form of heat, converted from kinetic energy. This phenomenon also wears and tear away the engine leads to failure of engine. To solve this problem the automobile industry use engine oil which consists of base oil with additives. The engine oil creates a separating film between moving parts to minimize direct contact between them, decreases heat caused by friction, and reduces wear, thus protects the engine.

The regions covered in this Automotive Engine Oil market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Mobile Mapping is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Some Major Players Operating On Automotive Engine Oil Market

• ExxonMobil
• Royal Dutch Shell
• Chevron Corporation
• BP plc
• TotalEnergies
• Valvoline Inc.
• Fuchs Petrolub SE
• Idemitsu Kosan Co. Ltd.
• Castrol (BP Castrol)
• Pennzoil (Shell)
• Motul
• Amsoil Inc.
• Petro-Canada (Suncor Energy)
• Quaker State (Shell)
• Gulf Oil International
• Others

Major Factors for Automotive Engine Oil Market

There are various factors that drives the automotive engine oil factor, one of them is increase in demand of the automobiles in developing countries like China, India, Brazil, Turkey. Other factors are growth in infrastructure, increase in mobility due to rapid urbanization, mega cities, satellite towns etc., increasing disposal income, aspiration of owning a vehicle and growth in logistics sector. Due to cultures like DIY (DO It Yourself) and DIFM (Do It for Me), in which vehicle owner either repair automobiles by their own or take it to professional facility also drives this market. Synthetic engine oil is also another factor which drives the market because it meets the demands like highly efficient engine, lower traction coefficient, reduced power consumption, increased service life, reduced flammability, and reduced wear and tear. With the advancement of technology in engine oil, the oil change interval for truck comes to 40,000 km and expected to increase further which decreases consumption of engine oil restricting the growth. Other restrictions are increasing supply of counterfeit oils, law and regulation on using low efficient engine oils etc. use of low viscosity lubricants and use of packaged engine oil like synthetic blend motor oil which can be easily refined are the opportunities of this market.

Automotive Engine Oil Segmentation

By Product Type

• Conventional Engine Oil
• Synthetic Engine Oil
• Semi-Synthetic Engine Oil
• Bio-Based Engine Oil

By Engine Type

• Gasoline Engine Oil
• Diesel Engine Oil

By Viscosity Grade

• 0W-20
• 5W-20
• 5W-30
• 10W-30
• 10W-40
• 15W-40
• 20W-50
• Others

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Two-Wheelers

By Distribution Channel

• OEM (Original Equipment Manufacturers)
• Aftermarket

By Rrgional Analysis

North America
• U.S.
• Canada

Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific
• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America
• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 35.07 Billion
Base year considered	2021
Forecast Period CAGR %:	3.10%
Market Size Expected in 2028:	USD 43.43 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	ExxonMobil, Royal Dutch Shell, Chevron Corporation, BP plc, TotalEnergies, Valvoline Inc., Fuchs Petrolub SE, Idemitsu Kosan Co. Ltd., Castrol (BP Castrol), Pennzoil (Shell), Motul, Amsoil , nc., Petro-Canada (Suncor Energy), Quaker State (Shell), Gulf Oil International and Others
Segments Covered	By Technology ,By Additives ,By Base Oil Type
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa