Engine Oil Market Size, Share Report, By Type, By Engine Type, By Vehicle Type, By Oil Type, By End User, In-Depth Analysis 2030: SPER Market Research
According to SPER Market Research, the Global Engine Oil Market is predicted to grow most rapidly in Asia due to the highest development in the motor oil market as a result of the greatest number of automobiles being present there, notably in countries like China, India, and Thailand.
Additionally, it is expected that China and India would have the greatest number of vehicles on the road and the largest two-wheeler industry, all of which will help the market for automotive engine oil grow.
Engine Oil Market Overview (2022-2030):
- Forecast CAGR (2022-2030): 3.5%
- Forecast Market Size (2030): USD 48.66 billion
Significant government support for energy-efficient motor oil in North America distinguishes the industry. Furthermore, it is expected that the local population would be well-informed, which will keep the market for synthetic motor oil vibrant.
Impact of Covid-19 on the Engine Oil Market:
The increased demand for chemicals and supplies required to battle the COVID-19 pandemic, which interrupted the supply chain for engine oil, led to a scarcity of raw materials for other commodities despite the high price. Businesses that are aggressively growing their capacity to fulfill the short-term COVID-induced demand must exercise prudence when studying these innovative demand patterns. Changes in social, economic, commercial, and political events following the outbreak, as well as projected changes in environmental regulations, will impact the future of the Engine Oil Market company in the coming years. The engine oil industry presented contradictory findings for various applications and areas of COVID-19.
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Global Engine Oil Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Sale Channel,
- After Market
- OEM
By Type,
- Conventional Engine Oil
- High-Mileage Oil
- Synthetic Blend Oil
- Synthetic Engine Oil
By Engine Type,
- Alternative Fuel
- Diesel
- Gasoline
By Vehicle Type,
- Light Commercial Vehicles
- Motorcycles
- Passenger Cars
By Oil Type,
- Fully-Synthetic
- Mineral
- Semi-Synthetic
By End User,
- Automotive and Transport
- Heavy Equipment
- Power generation
By Region,
- North America
- Europe
- Asia-Pacific
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Global Engine Oil Market Key Players:
The Global Engine Oil Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Bharat Petroleum Corp. Limited, Castrol Ltd., Chevron Corp., China Petrochemical Corp., Eni S.P.A, Exxon Mobil Corp., FUCHS PETROLUB SE, Gazpromneft – Lubricants Ltd., GS Caltex Corp., Gulf Oil International Ltd., Hindustan Petroleum Corp. Ltd., Idemitsu Kosan Co., Ltd., Indian Oil Corp. Ltd., Kuwait Dana Lubes Company, Liqui Moly, MOTUL SA, Pennzoil, Petro Canada Lubricants Inc., Petroleum Nasional Berhad, Phillips 66, Ravensberger Schmierstoffvertrieb GmbH, Repsol, Royal Dutch Shell PLC, Shell PLC, SINOPEC, Total Energies, Valvoline Inc.
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Engine Oil Market Future Outlook
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