Automotive Engine Oil Global Market Report 2023 – By Grade (Mineral, Synthetic, Semi-Synthetic), By Engine (Gasoline, Diesel, Alternative Fuel), By Technology (Premium Conventional Engine Oil, Full Synthetic Engine Oil, Synthetic Blend Engine Oil, Higher Mileage Engine Oil), By Application (Passenger Vehicles, LCV, HCV, Two-Wheelers, Other Applications) – Market Size, Trends, And Global Forecast 2023-2030
Market Executive Summary
The global automotive engine oil market size is expected to grow from $38.57 billion in 2021 to $41.07 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The global automotive engine oils market size is expected to reach $47.79 billion in 2026 at a CAGR of 3.9%.
The automotive engine oil market consists of the sale of automotive engine oil by entities (organizations, partnerships, and sole proprietors) that are used to reduce friction between the engine parts and cool down the automotive engine. Automotive engine oil is a type of oil used to lubricate the engine and other internal engine parts of a vehicle. For an engine to run smoothly throughout time, automotive engine oil performs a variety of functions such as lubrication, cleaning, cooling, and so on.
The main grades of automotive engine oil are mineral, synthetic, and semi-synthetic. Mineral oil refers to conventional petroleum oil that has been processed to work well throughout a wide temperature range and is suitable for general commuter use. The different engines include gasoline, diesel, and alternative fuels that are operated using various technologies, including premium conventional engine oil, fully synthetic engine oil, synthetic blend engine oil, and higher mileage engine oil. It is used in numerous applications, such as passenger vehicles, LCV, HCV, two-wheelers, and others.
The automotive engine oil market research report is one of a series of new reports from Pragma Market Re that provides automotive engine oil market statistics, including automotive engine oil industry global market size, regional shares, competitors with an automotive engine oil market share, detailed automotive engine oil market segments, market trends and opportunities, and any further data you may need to thrive in the automotive engine oil industry. This automotive engine oil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The increasing demand for carrier vehicles from small and medium scale enterprises is significantly driving the growth of the automotive engine oil market. The carrier vehicles are lightweight commercial vehicles used to carry goods. The production of lightweight commercial vehicles is increasing globally. This incremental increase in the production of light commercial vehicles (carrier vehicles) will invariably increase the demand for automotive engine oil to be used in them. For instance, according to the International Organization of Motor Vehicle Manufacturers, light commercial vehicle production has increased from 11.84 million vehicles in Q1-Q3 of 2020 to 13.72 million vehicles in Q1-Q3 of 2021. Hence, the increasing demand for carrier vehicles is promoting the growth of the automotive engine oil market.
Advancements in technology have emerged as the key trend gaining popularity in the automotive engine oil market. Major companies operating in the automotive engine oil sector are focused on bringing advancements in synthetic oil technology to meet consumer demand. For instance, in November 2020, GS Caltex India, a wholly-owned subsidiary of South Korean GS Caltex Corporation, launched a line of BS-VI compatible lubricants and engine oil for the Indian market. The new engine oils sold under the Kixx brand are designed to meet the demanding criteria of the new BS-VI emission standards. These premium engine oils are based on advanced additive technology and are designed to provide great protection and performance in BSVI vehicles-cars and motorcycles.
In April 2020, Gulf Petrochem Group, a UAE-based company that works in the oil and gas industry's downstream and midstream segments acquired Grand Petroleum's lubricants business in Nigeria for an undisclosed amount. The acquisition of the lubricant assets will benefit GP's base oil business in Nigeria and West Africa, as well as provide storage for import and distribution. Grand Petroleum is a US-based oil and energy company that manufactures and sells lubrication oils, toll blends, engine oils, and other products.
Major players in the automotive engine oil market are Exxon Mobil Corporation, Valvoline Inc., Fuchs Petrolub SE, Castrol, Shell Plc, Chevron Corporation, BP Plc, TotalEnergies SE, Sinopec Group, MOTUL SA, Petroliam Nasional Berhad, Pentagon Lubricants, Eni S.p.A., Hinduja Group, and Saudi Aramco.
Asia-Pacific was the largest region in the automotive engine oil market in 2021. The regions covered in the global automotive engine oils market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the automotive engine oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The global automotive engine oil market is segmented -
1) By Grade: Mineral, Synthetic, Semi-Synthetic
2) By Engine: Gasoline, Diesel, Alternative Fuel
3) By Technology: Premium Conventional Engine Oil, Full Synthetic Engine Oil, Synthetic Blend Engine Oil, Higher Mileage Engine Oil
4) By Application: Passenger Vehicles, LCV, HCV, Two-Wheelers, Others
Table of Contents
Table Of Contents
- 1. Executive Summary
2. Automotive Engine Oil Market Characteristics
3. Automotive Engine Oil Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Engine Oil
5. Automotive Engine Oil Market Size And Growth
5.1. Global Automotive Engine Oil Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Automotive Engine Oil Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Automotive Engine Oil Market Segmentation
6.1. Global Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Mineral
Synthetic
Semi-Synthetic
6.2. Global Automotive Engine Oil Market, Segmentation By Engine, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Gasoline
Diesel
Alternative Fuel
6.3. Global Automotive Engine Oil Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Premium Conventional Engine Oil
Full Synthetic Engine Oil
Synthetic Blend Engine Oil
Higher Mileage Engine Oil
6.4. Global Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Passenger Vehicles
LCV
HCV
Two-Wheelers
Other Applications
7. Automotive Engine Oil Market Regional And Country Analysis
7.1. Global Automotive Engine Oil Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Automotive Engine Oil Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Automotive Engine Oil Market
8.1. Asia-Pacific Automotive Engine Oil Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Automotive Engine Oil Market
9.1. China Automotive Engine Oil Market Overview
9.2. China Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Automotive Engine Oil Market
10.1. India Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Automotive Engine Oil Market
11.1. Japan Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Automotive Engine Oil Market
12.1. Australia Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Automotive Engine Oil Market
13.1. Indonesia Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Automotive Engine Oil Market
14.1. South Korea Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Automotive Engine Oil Market
15.1. Western Europe Automotive Engine Oil Market Overview
15.2. Western Europe Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Automotive Engine Oil Market
16.1. UK Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Automotive Engine Oil Market
17.1. Germany Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Automotive Engine Oil Market
18.4. France Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Automotive Engine Oil Market
19.1. Eastern Europe Automotive Engine Oil Market Overview
19.2. Eastern Europe Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Automotive Engine Oil Market
20.1. Russia Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Automotive Engine Oil Market
21.1. North America Automotive Engine Oil Market Overview
21.2. North America Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Automotive Engine Oil Market
22.1. USA Automotive Engine Oil Market Overview
22.2. USA Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Automotive Engine Oil Market
23.1. South America Automotive Engine Oil Market Overview
23.2. South America Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Automotive Engine Oil Market
24.1. Brazil Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Automotive Engine Oil Market
25.1. Middle East Automotive Engine Oil Market Overview
25.2. Middle East Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Automotive Engine Oil Market
26.1. Africa Automotive Engine Oil Market Overview
26.2. Africa Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Automotive Engine Oil Market Competitive Landscape And Company Profiles
27.1. Automotive Engine Oil Market Competitive Landscape
27.2. Automotive Engine Oil Market Company Profiles
27.2.1. Exxon Mobil Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Valvoline Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Fuchs Petrolub SE
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Castrol
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Shell Plc
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Automotive Engine Oil Market
29. Automotive Engine Oil Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. The Business Research Company
30.5. Copyright And Disclaimer
List of Figures
Table 1: Global Historic Market Growth, 2016-2021, $ Billion
- Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
- Table 3: Global Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 4: Global Automotive Engine Oil Market, Segmentation By Engine, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 5: Global Automotive Engine Oil Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 6: Global Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 7: Global Automotive Engine Oil Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 8: Global Automotive Engine Oil Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 9: Asia-Pacific, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 10: Asia-Pacific, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 11: China, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 12: China, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 13: India, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 14: India, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 15: Japan, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 16: Japan, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 17: Australia, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 18: Australia, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 19: Indonesia, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 20: Indonesia, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 21: South Korea, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 22: South Korea, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 23: Western Europe, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 24: Western Europe, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 25: UK, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 26: UK, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 27: Germany, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 28: Germany, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 29: France, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 30: France, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 31: Eastern Europe, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 32: Eastern Europe, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 33: Russia, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 34: Russia, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 35: North America, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 36: North America, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 37: USA, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 38: USA, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 39: South America, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 40: South America, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 41: Brazil, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 42: Brazil, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 43: Middle East, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 44: Middle East, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 45: Africa, Automotive Engine Oil Market, Segmentation By Grade, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 46: Africa, Automotive Engine Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Table 47: Exxon Mobil Corporation Financial Performance
- Table 48: Valvoline Inc. Financial Performance
- Table 49: Fuchs Petrolub SE Financial Performance
- Table 50: Castrol Financial Performance
- Table 51: Shell Plc Financial Performance
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