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FEATURED COMPANIES
- Adolf Würth GmbH & Co. KG
- BP Plc
- Chevron Corp.
- Exxon Mobil Corp.
- MOTUL SA
- Petroliam Nasional Berhad
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Automotive Engine Oil Market: About this market
The automotive engine oil market analysis considers sales from both passenger vehicles and commercial vehicles types. Our study also finds the sales of automotive engine oil in APAC, Europe, MEA, North America, and South America. In 2019, the passenger vehicle segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for passenger vehicles with advanced fuel injection systems will play a significant role in the passenger vehicle segment to maintain its market position. Also, our global automotive engine oil market report looks at factors such as the growing number of vehicles-in-use, APAC driving market revenue, and demand for full synthetic engine oil. However, fluctuating crude oil prices, growing sales of all-electric cars and growing availability of fake automotive lubricants may hamper the growth of the automotive engine oil industry over the forecast period.
Global Automotive Engine Oil Market: Overview
Growing demand for full synthetic engine oil
Fully synthetic engine oil makes use of the superior quality of synthetic base stock with advanced additives and lubricants. This makes fully synthetic engine oil a high-performance engine lubricant. This oil even helps the engine in combating sludge and carbon deposits build up. Furthermore, fully synthetic engine oil also offers superior protection against engine wear and tear and combats extreme pressure and temperature. Thus, the demand for this engine oil has increased considerably over the years owing to its performance advantages, which, will lead to the expansion of the global automotive engine oil market at a CAGR of over 4% during the forecast period.
Advances in engine oil technology
The global automotive engine oil market is witnessing the increasing use of advanced technologies leading to the development of advanced engine oil. The growing adoption of advanced fuel and lubricant technologies is helping in the development of superior engine oil for automotive applications. Prominent vendors in the market have also started focusing on improving the efficiency of engine oil by making use of advanced antioxidants, surfactants, high-pressure agents, and superior corrosion inhibitors. Also, the vendors have minimized the usage of particles including graphite and polytetrafluoroethylene resins, to improve the overall performance of the engine and give clearer emissions. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global automotive engine oil market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive engine oil manufacturers, that include Adolf Würth GmbH & Co. KG, BP Plc, Chevron Corp., China Petroleum & Chemical Corp., Exxon Mobil Corp., MOTUL SA, Petroliam Nasional Berhad, Royal Dutch Shell Plc, TOTAL SA, and Valvoline Inc.
Also, the automotive engine oil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The automotive engine oil market analysis considers sales from both passenger vehicles and commercial vehicles types. Our study also finds the sales of automotive engine oil in APAC, Europe, MEA, North America, and South America. In 2019, the passenger vehicle segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for passenger vehicles with advanced fuel injection systems will play a significant role in the passenger vehicle segment to maintain its market position. Also, our global automotive engine oil market report looks at factors such as the growing number of vehicles-in-use, APAC driving market revenue, and demand for full synthetic engine oil. However, fluctuating crude oil prices, growing sales of all-electric cars and growing availability of fake automotive lubricants may hamper the growth of the automotive engine oil industry over the forecast period.
Global Automotive Engine Oil Market: Overview
Growing demand for full synthetic engine oil
Fully synthetic engine oil makes use of the superior quality of synthetic base stock with advanced additives and lubricants. This makes fully synthetic engine oil a high-performance engine lubricant. This oil even helps the engine in combating sludge and carbon deposits build up. Furthermore, fully synthetic engine oil also offers superior protection against engine wear and tear and combats extreme pressure and temperature. Thus, the demand for this engine oil has increased considerably over the years owing to its performance advantages, which, will lead to the expansion of the global automotive engine oil market at a CAGR of over 4% during the forecast period.
Advances in engine oil technology
The global automotive engine oil market is witnessing the increasing use of advanced technologies leading to the development of advanced engine oil. The growing adoption of advanced fuel and lubricant technologies is helping in the development of superior engine oil for automotive applications. Prominent vendors in the market have also started focusing on improving the efficiency of engine oil by making use of advanced antioxidants, surfactants, high-pressure agents, and superior corrosion inhibitors. Also, the vendors have minimized the usage of particles including graphite and polytetrafluoroethylene resins, to improve the overall performance of the engine and give clearer emissions. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global automotive engine oil market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive engine oil manufacturers, that include Adolf Würth GmbH & Co. KG, BP Plc, Chevron Corp., China Petroleum & Chemical Corp., Exxon Mobil Corp., MOTUL SA, Petroliam Nasional Berhad, Royal Dutch Shell Plc, TOTAL SA, and Valvoline Inc.
Also, the automotive engine oil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
FEATURED COMPANIES
- Adolf Würth GmbH & Co. KG
- BP Plc
- Chevron Corp.
- Exxon Mobil Corp.
- MOTUL SA
- Petroliam Nasional Berhad
PART 01: EXECUTIVE SUMMARYPART 06: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 07: GEOGRAPHIC LANDSCAPE
PART 08: MARKET SEGMENTATION BY VEHICLE TYPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
FEATURED COMPANIES
- Adolf Würth GmbH & Co. KG
- BP Plc
- Chevron Corp.
- Exxon Mobil Corp.
- MOTUL SA
- Petroliam Nasional Berhad
The following companies as the key players in the global automotive engine oil market: Adolf Würth GmbH & Co. KG, BP Plc, Chevron Corp., China Petroleum & Chemical Corp., Exxon Mobil Corp., MOTUL SA, Petroliam Nasional Berhad, Royal Dutch Shell Plc, TOTAL SA, and Valvoline Inc.
Commenting on the report, an analyst from research team said: “The latest trend gaining momentum in the market is the advances in engine oil technology.”
According to the report, one of the major drivers for this market is the growing demand for full synthetic engine oil.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuating crude oil prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from research team said: “The latest trend gaining momentum in the market is the advances in engine oil technology.”
According to the report, one of the major drivers for this market is the growing demand for full synthetic engine oil.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuating crude oil prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
A selection of companies mentioned in this report includes:
- Adolf Würth GmbH & Co. KG
- BP Plc
- Chevron Corp.
- China Petroleum & Chemical Corp.
- Exxon Mobil Corp.
- MOTUL SA
- Petroliam Nasional Berhad
- Royal Dutch Shell Plc
- TOTAL SA
- Valvoline Inc.
