
The global Engine Oils market size was valued at US$ 31130 million in 2023. With growing demand in downstream market, the Engine Oils is forecast to a readjusted size of US$ 34430 million by 2030 with a CAGR of 1.5% during review period.
The research report highlights the growth potential of the global Engine Oils market. Engine Oils are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Engine Oils. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Engine Oils market.
Motor oil, engine oil, or engine lubricant is any one of various substances that consist of base oils enhanced with various additives, particularly antiwear additives, detergents, dispersants, and, for multi-grade oils, viscosity index improvers. Motor oil is used for lubrication of internal combustion engines. The main function of motor oil is to reduce friction and wear on moving parts and to clean the engine from sludge (one of the functions of dispersants) and varnish (detergents). It also neutralizes acids that originate from fuel and from oxidation of the lubricant (detergents), improves sealing of piston rings, and cools the engine by carrying heat away from moving parts.
Global key players of Engine Oil are Shell, Exxon Mobil, BP, etc. Among them, Shell is the biggest manufacturer with a share 15 %. North America, Europe, Asia-Pacific occupy most of market share. Each of them takes more than 30%, while Middle East and Africa takes only 3%.
Key Features:
The report on Engine Oils market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Engine Oils market. It may include historical data, market segmentation by Type (e.g., Single-grade, Multi-grade), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Engine Oils market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Engine Oils market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Engine Oils industry. This include advancements in Engine Oils technology, Engine Oils new entrants, Engine Oils new investment, and other innovations that are shaping the future of Engine Oils.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Engine Oils market. It includes factors influencing customer ' purchasing decisions, preferences for Engine Oils product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Engine Oils market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Engine Oils market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Engine Oils market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Engine Oils industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Engine Oils market.
Market Segmentation:
Engine Oils market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Single-grade
Multi-grade
Segmentation by application
Automotive
Industrial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Shell
Exxon Mobil
BP
Total Lubricants
Axel Christiernsson
Chevron
FUCHS
LUKOIL
SKF
JX Nippon Oil & Energy Corporation
Petro-Canada
Indian Oil Corporation
Quaker Chemical
Southwestern Petroleum Corporation
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Dow Corning
Sinopec
CNPC
CNOOC
Key Questions Addressed in this Report
What is the 10-year outlook for the global Engine Oils market?
What factors are driving Engine Oils market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Engine Oils market opportunities vary by end market size?
How does Engine Oils break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Engine Oils Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Engine Oils by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Engine Oils by Country/Region, 2019, 2023 & 2030
2.2 Engine Oils Segment by Type
2.2.1 Single-grade
2.2.2 Multi-grade
2.3 Engine Oils Sales by Type
2.3.1 Global Engine Oils Sales Market Share by Type (2019-2024)
2.3.2 Global Engine Oils Revenue and Market Share by Type (2019-2024)
2.3.3 Global Engine Oils Sale Price by Type (2019-2024)
2.4 Engine Oils Segment by Application
2.4.1 Automotive
2.4.2 Industrial
2.5 Engine Oils Sales by Application
2.5.1 Global Engine Oils Sale Market Share by Application (2019-2024)
2.5.2 Global Engine Oils Revenue and Market Share by Application (2019-2024)
2.5.3 Global Engine Oils Sale Price by Application (2019-2024)
3 Global Engine Oils by Company
3.1 Global Engine Oils Breakdown Data by Company
3.1.1 Global Engine Oils Annual Sales by Company (2019-2024)
3.1.2 Global Engine Oils Sales Market Share by Company (2019-2024)
3.2 Global Engine Oils Annual Revenue by Company (2019-2024)
3.2.1 Global Engine Oils Revenue by Company (2019-2024)
3.2.2 Global Engine Oils Revenue Market Share by Company (2019-2024)
3.3 Global Engine Oils Sale Price by Company
3.4 Key Manufacturers Engine Oils Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Engine Oils Product Location Distribution
3.4.2 Players Engine Oils Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Engine Oils by Geographic Region
4.1 World Historic Engine Oils Market Size by Geographic Region (2019-2024)
4.1.1 Global Engine Oils Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Engine Oils Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Engine Oils Market Size by Country/Region (2019-2024)
4.2.1 Global Engine Oils Annual Sales by Country/Region (2019-2024)
4.2.2 Global Engine Oils Annual Revenue by Country/Region (2019-2024)
4.3 Americas Engine Oils Sales Growth
4.4 APAC Engine Oils Sales Growth
4.5 Europe Engine Oils Sales Growth
4.6 Middle East & Africa Engine Oils Sales Growth
5 Americas
5.1 Americas Engine Oils Sales by Country
5.1.1 Americas Engine Oils Sales by Country (2019-2024)
5.1.2 Americas Engine Oils Revenue by Country (2019-2024)
5.2 Americas Engine Oils Sales by Type
5.3 Americas Engine Oils Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Engine Oils Sales by Region
6.1.1 APAC Engine Oils Sales by Region (2019-2024)
6.1.2 APAC Engine Oils Revenue by Region (2019-2024)
6.2 APAC Engine Oils Sales by Type
6.3 APAC Engine Oils Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Engine Oils by Country
7.1.1 Europe Engine Oils Sales by Country (2019-2024)
7.1.2 Europe Engine Oils Revenue by Country (2019-2024)
7.2 Europe Engine Oils Sales by Type
7.3 Europe Engine Oils Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Engine Oils by Country
8.1.1 Middle East & Africa Engine Oils Sales by Country (2019-2024)
8.1.2 Middle East & Africa Engine Oils Revenue by Country (2019-2024)
8.2 Middle East & Africa Engine Oils Sales by Type
8.3 Middle East & Africa Engine Oils Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Engine Oils
10.3 Manufacturing Process Analysis of Engine Oils
10.4 Industry Chain Structure of Engine Oils
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Engine Oils Distributors
11.3 Engine Oils Customer
12 World Forecast Review for Engine Oils by Geographic Region
12.1 Global Engine Oils Market Size Forecast by Region
12.1.1 Global Engine Oils Forecast by Region (2025-2030)
12.1.2 Global Engine Oils Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Engine Oils Forecast by Type
12.7 Global Engine Oils Forecast by Application
13 Key Players Analysis
13.1 Shell
13.1.1 Shell Company Information
13.1.2 Shell Engine Oils Product Portfolios and Specifications
13.1.3 Shell Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Shell Main Business Overview
13.1.5 Shell Latest Developments
13.2 Exxon Mobil
13.2.1 Exxon Mobil Company Information
13.2.2 Exxon Mobil Engine Oils Product Portfolios and Specifications
13.2.3 Exxon Mobil Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Exxon Mobil Main Business Overview
13.2.5 Exxon Mobil Latest Developments
13.3 BP
13.3.1 BP Company Information
13.3.2 BP Engine Oils Product Portfolios and Specifications
13.3.3 BP Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 BP Main Business Overview
13.3.5 BP Latest Developments
13.4 Total Lubricants
13.4.1 Total Lubricants Company Information
13.4.2 Total Lubricants Engine Oils Product Portfolios and Specifications
13.4.3 Total Lubricants Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Total Lubricants Main Business Overview
13.4.5 Total Lubricants Latest Developments
13.5 Axel Christiernsson
13.5.1 Axel Christiernsson Company Information
13.5.2 Axel Christiernsson Engine Oils Product Portfolios and Specifications
13.5.3 Axel Christiernsson Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Axel Christiernsson Main Business Overview
13.5.5 Axel Christiernsson Latest Developments
13.6 Chevron
13.6.1 Chevron Company Information
13.6.2 Chevron Engine Oils Product Portfolios and Specifications
13.6.3 Chevron Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Chevron Main Business Overview
13.6.5 Chevron Latest Developments
13.7 FUCHS
13.7.1 FUCHS Company Information
13.7.2 FUCHS Engine Oils Product Portfolios and Specifications
13.7.3 FUCHS Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 FUCHS Main Business Overview
13.7.5 FUCHS Latest Developments
13.8 LUKOIL
13.8.1 LUKOIL Company Information
13.8.2 LUKOIL Engine Oils Product Portfolios and Specifications
13.8.3 LUKOIL Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 LUKOIL Main Business Overview
13.8.5 LUKOIL Latest Developments
13.9 SKF
13.9.1 SKF Company Information
13.9.2 SKF Engine Oils Product Portfolios and Specifications
13.9.3 SKF Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 SKF Main Business Overview
13.9.5 SKF Latest Developments
13.10 JX Nippon Oil & Energy Corporation
13.10.1 JX Nippon Oil & Energy Corporation Company Information
13.10.2 JX Nippon Oil & Energy Corporation Engine Oils Product Portfolios and Specifications
13.10.3 JX Nippon Oil & Energy Corporation Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 JX Nippon Oil & Energy Corporation Main Business Overview
13.10.5 JX Nippon Oil & Energy Corporation Latest Developments
13.11 Petro-Canada
13.11.1 Petro-Canada Company Information
13.11.2 Petro-Canada Engine Oils Product Portfolios and Specifications
13.11.3 Petro-Canada Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Petro-Canada Main Business Overview
13.11.5 Petro-Canada Latest Developments
13.12 Indian Oil Corporation
13.12.1 Indian Oil Corporation Company Information
13.12.2 Indian Oil Corporation Engine Oils Product Portfolios and Specifications
13.12.3 Indian Oil Corporation Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Indian Oil Corporation Main Business Overview
13.12.5 Indian Oil Corporation Latest Developments
13.13 Quaker Chemical
13.13.1 Quaker Chemical Company Information
13.13.2 Quaker Chemical Engine Oils Product Portfolios and Specifications
13.13.3 Quaker Chemical Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Quaker Chemical Main Business Overview
13.13.5 Quaker Chemical Latest Developments
13.14 Southwestern Petroleum Corporation
13.14.1 Southwestern Petroleum Corporation Company Information
13.14.2 Southwestern Petroleum Corporation Engine Oils Product Portfolios and Specifications
13.14.3 Southwestern Petroleum Corporation Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Southwestern Petroleum Corporation Main Business Overview
13.14.5 Southwestern Petroleum Corporation Latest Developments
13.15 °±ôü²ú±ð°ù
13.15.1 °±ôü²ú±ð°ù Company Information
13.15.2 °±ôü²ú±ð°ù Engine Oils Product Portfolios and Specifications
13.15.3 °±ôü²ú±ð°ù Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 °±ôü²ú±ð°ù Main Business Overview
13.15.5 °±ôü²ú±ð°ù Latest Developments
13.16 Dow Corning
13.16.1 Dow Corning Company Information
13.16.2 Dow Corning Engine Oils Product Portfolios and Specifications
13.16.3 Dow Corning Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 Dow Corning Main Business Overview
13.16.5 Dow Corning Latest Developments
13.17 Sinopec
13.17.1 Sinopec Company Information
13.17.2 Sinopec Engine Oils Product Portfolios and Specifications
13.17.3 Sinopec Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.17.4 Sinopec Main Business Overview
13.17.5 Sinopec Latest Developments
13.18 CNPC
13.18.1 CNPC Company Information
13.18.2 CNPC Engine Oils Product Portfolios and Specifications
13.18.3 CNPC Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.18.4 CNPC Main Business Overview
13.18.5 CNPC Latest Developments
13.19 CNOOC
13.19.1 CNOOC Company Information
13.19.2 CNOOC Engine Oils Product Portfolios and Specifications
13.19.3 CNOOC Engine Oils Sales, Revenue, Price and Gross Margin (2019-2024)
13.19.4 CNOOC Main Business Overview
13.19.5 CNOOC Latest Developments
14 Research Findings and Conclusion
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