

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.
The global Engine Oil market was valued at US$ 31820 million in 2022 and is anticipated to reach US$ 35110 million by 2029, witnessing a CAGR of 1.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Engine Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Engine Oil.
The Engine Oil market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Engine Oil market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Engine Oil manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
Shell
Exxon Mobil
BP
Total
Chevron Corporation
Lukoil
Sinopec Lubricant
Valvoline
CNPC
Petronas
SK Lubricants
FUCHS
Segment by Type
Mineral Oil
Synthesis Oil
Segment by Application
Commercial Vehicle
Passenger Car
Motorcycle
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by type, by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Engine Oil manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Engine Oil by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Engine Oil in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Engine Oil Market Overview
1.1 Product Definition
1.2 Engine Oil Segment by Type
1.2.1 Global Engine Oil Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Mineral Oil
1.2.3 Synthesis Oil
1.3 Engine Oil Segment by Application
1.3.1 Global Engine Oil Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Commercial Vehicle
1.3.3 Passenger Car
1.3.4 Motorcycle
1.4 Global Market Growth Prospects
1.4.1 Global Engine Oil Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Engine Oil Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Engine Oil Production Estimates and Forecasts (2018-2029)
1.4.4 Global Engine Oil Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Engine Oil Production Market Share by Manufacturers (2018-2023)
2.2 Global Engine Oil Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Engine Oil, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Engine Oil Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Engine Oil Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Engine Oil, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Engine Oil, Product Offered and Application
2.8 Global Key Manufacturers of Engine Oil, Date of Enter into This Industry
2.9 Engine Oil Market Competitive Situation and Trends
2.9.1 Engine Oil Market Concentration Rate
2.9.2 Global 5 and 10 Largest Engine Oil Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Engine Oil Production by Region
3.1 Global Engine Oil Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Engine Oil Production Value by Region (2018-2029)
3.2.1 Global Engine Oil Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Engine Oil by Region (2024-2029)
3.3 Global Engine Oil Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Engine Oil Production by Region (2018-2029)
3.4.1 Global Engine Oil Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Engine Oil by Region (2024-2029)
3.5 Global Engine Oil Market Price Analysis by Region (2018-2023)
3.6 Global Engine Oil Production and Value, Year-over-Year Growth
3.6.1 North America Engine Oil Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Engine Oil Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Engine Oil Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Engine Oil Production Value Estimates and Forecasts (2018-2029)
4 Engine Oil Consumption by Region
4.1 Global Engine Oil Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Engine Oil Consumption by Region (2018-2029)
4.2.1 Global Engine Oil Consumption by Region (2018-2023)
4.2.2 Global Engine Oil Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Engine Oil Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Engine Oil Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Engine Oil Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Engine Oil Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Engine Oil Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Engine Oil Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Engine Oil Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Engine Oil Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Engine Oil Production by Type (2018-2029)
5.1.1 Global Engine Oil Production by Type (2018-2023)
5.1.2 Global Engine Oil Production by Type (2024-2029)
5.1.3 Global Engine Oil Production Market Share by Type (2018-2029)
5.2 Global Engine Oil Production Value by Type (2018-2029)
5.2.1 Global Engine Oil Production Value by Type (2018-2023)
5.2.2 Global Engine Oil Production Value by Type (2024-2029)
5.2.3 Global Engine Oil Production Value Market Share by Type (2018-2029)
5.3 Global Engine Oil Price by Type (2018-2029)
6 Segment by Application
6.1 Global Engine Oil Production by Application (2018-2029)
6.1.1 Global Engine Oil Production by Application (2018-2023)
6.1.2 Global Engine Oil Production by Application (2024-2029)
6.1.3 Global Engine Oil Production Market Share by Application (2018-2029)
6.2 Global Engine Oil Production Value by Application (2018-2029)
6.2.1 Global Engine Oil Production Value by Application (2018-2023)
6.2.2 Global Engine Oil Production Value by Application (2024-2029)
6.2.3 Global Engine Oil Production Value Market Share by Application (2018-2029)
6.3 Global Engine Oil Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Shell
7.1.1 Shell Engine Oil Corporation Information
7.1.2 Shell Engine Oil Product Portfolio
7.1.3 Shell Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Shell Main Business and Markets Served
7.1.5 Shell Recent Developments/Updates
7.2 Exxon Mobil
7.2.1 Exxon Mobil Engine Oil Corporation Information
7.2.2 Exxon Mobil Engine Oil Product Portfolio
7.2.3 Exxon Mobil Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Exxon Mobil Main Business and Markets Served
7.2.5 Exxon Mobil Recent Developments/Updates
7.3 BP
7.3.1 BP Engine Oil Corporation Information
7.3.2 BP Engine Oil Product Portfolio
7.3.3 BP Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.3.4 BP Main Business and Markets Served
7.3.5 BP Recent Developments/Updates
7.4 Total
7.4.1 Total Engine Oil Corporation Information
7.4.2 Total Engine Oil Product Portfolio
7.4.3 Total Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Total Main Business and Markets Served
7.4.5 Total Recent Developments/Updates
7.5 Chevron Corporation
7.5.1 Chevron Corporation Engine Oil Corporation Information
7.5.2 Chevron Corporation Engine Oil Product Portfolio
7.5.3 Chevron Corporation Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Chevron Corporation Main Business and Markets Served
7.5.5 Chevron Corporation Recent Developments/Updates
7.6 Lukoil
7.6.1 Lukoil Engine Oil Corporation Information
7.6.2 Lukoil Engine Oil Product Portfolio
7.6.3 Lukoil Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Lukoil Main Business and Markets Served
7.6.5 Lukoil Recent Developments/Updates
7.7 Sinopec Lubricant
7.7.1 Sinopec Lubricant Engine Oil Corporation Information
7.7.2 Sinopec Lubricant Engine Oil Product Portfolio
7.7.3 Sinopec Lubricant Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Sinopec Lubricant Main Business and Markets Served
7.7.5 Sinopec Lubricant Recent Developments/Updates
7.8 Valvoline
7.8.1 Valvoline Engine Oil Corporation Information
7.8.2 Valvoline Engine Oil Product Portfolio
7.8.3 Valvoline Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Valvoline Main Business and Markets Served
7.7.5 Valvoline Recent Developments/Updates
7.9 CNPC
7.9.1 CNPC Engine Oil Corporation Information
7.9.2 CNPC Engine Oil Product Portfolio
7.9.3 CNPC Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.9.4 CNPC Main Business and Markets Served
7.9.5 CNPC Recent Developments/Updates
7.10 Petronas
7.10.1 Petronas Engine Oil Corporation Information
7.10.2 Petronas Engine Oil Product Portfolio
7.10.3 Petronas Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Petronas Main Business and Markets Served
7.10.5 Petronas Recent Developments/Updates
7.11 SK Lubricants
7.11.1 SK Lubricants Engine Oil Corporation Information
7.11.2 SK Lubricants Engine Oil Product Portfolio
7.11.3 SK Lubricants Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.11.4 SK Lubricants Main Business and Markets Served
7.11.5 SK Lubricants Recent Developments/Updates
7.12 FUCHS
7.12.1 FUCHS Engine Oil Corporation Information
7.12.2 FUCHS Engine Oil Product Portfolio
7.12.3 FUCHS Engine Oil Production, Value, Price and Gross Margin (2018-2023)
7.12.4 FUCHS Main Business and Markets Served
7.12.5 FUCHS Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Engine Oil Industry Chain Analysis
8.2 Engine Oil Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Engine Oil Production Mode & Process
8.4 Engine Oil Sales and Marketing
8.4.1 Engine Oil Sales Channels
8.4.2 Engine Oil Distributors
8.5 Engine Oil Customers
9 Engine Oil Market Dynamics
9.1 Engine Oil Industry Trends
9.2 Engine Oil Market Drivers
9.3 Engine Oil Market Challenges
9.4 Engine Oil Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Shell
Exxon Mobil
BP
Total
Chevron Corporation
Lukoil
Sinopec Lubricant
Valvoline
CNPC
Petronas
SK Lubricants
FUCHS
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*If Applicable.