Engine Oil 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.

Engine Oil Market contains market size and forecasts of Engine Oil in global, including the following market information:

Global Engine Oil Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Engine Oil Market Sales, 2017-2022, 2023-2028, (K MT)

Global top five Engine Oil companies in 2021 (%)

The global Engine Oil market was valued at 32740 million in 2021 and is projected to reach US$ 35940 million by 2028, at a CAGR of 1.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Mineral Oil Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Engine Oil include Shell, Exxon Mobil, BP, Total, Chevron Corporation, Lukoil, Sinopec Lubricant, Valvoline and CNPC, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Engine Oil manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Engine Oil Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Engine Oil Market Segment Percentages, by Type, 2021 (%)

Mineral Oil

Synthesis Oil

Global Engine Oil Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Engine Oil Market Segment Percentages, by Application, 2021 (%)

Commercial Vehicle

Passenger Car

Motorcycle

Global Engine Oil Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Engine Oil Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Engine Oil revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Engine Oil revenues share in global market, 2021 (%)

Key companies Engine Oil sales in global market, 2017-2022 (Estimated), (K MT)

Key companies Engine Oil sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Shell

Exxon Mobil

BP

Total

Chevron Corporation

Lukoil

Sinopec Lubricant

Valvoline

CNPC

Petronas

SK Lubricants

FUCHS