Engine Oil Market 2019 Share and Size Analysis Forecast till 2024 with Respect to Competitors, Covered Regions and Technology Tends


Industry study on “Engine Oil Market” with various segments like market strategy, investment plan, industry share, growth factors, industry policy, revenue, opportunity, demand and 2024 forecast. Engine Oil Market report provides emerging market drivers, challenges, opportunities for Engine Oil Industry. It focuses on the latest trends and recent developments of Engine Oil Industry. Engine Oil market report will help you to know each and every fact of keyword industry. It also covers growth potential, market size, demand by buyer and suppliers and forecast details.

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Market Overview:

  • The engine oil market is expected to register a CAGR of 2.22% during the forecast period (2019-2024). Increasing adoption of high-performance lubricants, globally, has been driving the market over the recent past, and is expected to continue over the forecast period.
  • – Increasing automotive production and sales is expected to drive the demand for the market, during the forecast period.
  • – Modest impact of electric vehicles (EVs) in the future is likely to hinder the market growth.
  • – Numerous upcoming construction projects in North America and Asia-Pacific are projected to act as an opportunity for the market, in the future.<

    Competitive Analysis: Engine Oil market report presents the market competitive landscape and a corresponding detailed analysis of the major key players in the industry. Top leading companies in Engine Oil market are:

  • Bharat Petroleum Corp. Ltd
  • BP PLC
  • Caltex Australia Group
  • Chevron Corp.
  • China National Petroleum Corp. (Petrochina)
  • China Petrochemical Corp. (SINOPEC Group)
  • ExxonMobil Corporation
  • Fuchs Petrolub SE
  • Gazpromneft
  • Lubricants Ltd
  • Gulf Oil Lubricants India Ltd
  • Hindustan Petroleum Corp. Ltd
  • Idemitsu Kosan Co. Ltd
  • Indian Oil Corp. Ltd
  • JXTG Nippon Oil & Energy Corporation
  • LukOil
  • Motul
  • Petrobras
  • PETRONAS Lubricants International
  • Phillips 66 Lubricants
  • PT Pertamina
  • Repsol
  • Royal Dutch Shell
  • SK Lubricants Co. Ltd
  • Tide Water Oil Co. (India) Ltd (Veedol International Ltd)
  • Total SA
  • Valvoline Inc.

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    Scope of the Report:

  • This report studies the global Engine Oil market size, industry status and forecast, competition landscape and growth opportunity.

    Engine Oil Market Covers Following Points in TOC:

    Chapter 1: Engine Oil Market Definition

    Chapter 2: Research Methodology of Engine Oil Market

    Chapter 3: Engine Oil Market Executive Summary

    Chapter 4: Engine Oil Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services

    Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges

    Chapter 6: Engine Oil Market Segmentation by Types, End-User, and Applications Forecast to 2024

    Chapter 7: Engine Oil Market Segmentation by Geographical Regions

    Chapter 8: Competitive Landscape of Engine Oil Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches

    Chapter 9: Key Players for Engine Oil Market

    Price of Report: $ 4250 (SUL)

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    Key Market Trends:

    Automotive and Other Transportation Segment Dominated the Market

    – Engine oils are widely used to lubricate internal combustion engines, and are composed of 75-90% base oils and 10-25% additives.
    – They are typically used for applications, such as wear reduction, corrosion protection, and smooth operation of the engine internals. They function by creating a thin film between the moving parts, for enhancing heat transfer and reducing tension during the contact of parts.
    – High-mileage engine oils are in demand, owing to the properties that help in oil leak prevention and reduction in oil-burn offs. Most light and heavy vehicle diesel and gasoline engines use 10W40 and 15W40 viscosity grade oils, globally.
    – Technological advancements are imposing a threat to the growth of engine oils, owing to the increased engine oil change intervals.
    – The increasing production and sales of light-duty vehicles are estimated to have a direct impact on engine oil consumption, which, in turn, is anticipated to drive the demand for the engine oil market during the forecast period.

    Asia-Pacific Region to Dominate the Market

    The Asia-Pacific region dominated the global market share in 2018. With rising demand for automobiles and the increasing investments in the automotive industry in countries, such as China, India, and Japan, the demand for engine oil is increasing in the region. China is the largest engine oil consumer in the region, as well as globally. China’s automotive sector has been shaping for product evolution, with the country focusing on manufacturing products to ensure fuel economy and minimize emissions (owing to growing environmental concerns, as a result of the mounting pollution in the country). In India, the automotive industry has been witnessing a continued shift in the vehicle preferences, i.e., evolving vehicle parc, owing to consistent economic development, coupled with rising income; consumers moving from two- to four-wheelers, in turn, resulting in augmenting demand for passenger car motor oils (PCMO). Several automakers have started investing heavily in various segments of the industry, with increasing demand for vehicles. Overall, the market for engine oils is being driven with the growing automotive sales in the region.

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  • About the author

    Ryan Hill

    Ryan is the head of the health column. He is a very cheerful person and has an uplifting spirit. He is a fitness enthusiast and love giving tips to people and encourages them in leading a healthy life. He is mostly found in his cabin only, but when not working he visits the cafeteria often to check on the health and hygiene of the place. He is working in Livonia Post for the past 4 years.

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