Engine Oils Market, Global Outlook and Forecast 2023-2030

The global Engine Oils market was valued at US$ 32740 million in 2022 and is projected to reach US$ 35940 million by 2030, at a CAGR of 1.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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.

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This report aims to provide a comprehensive presentation of the global market for Engine Oils, 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 Oils. This report contains market size and forecasts of Engine Oils in global, including the following market information:

Global Engine Oils Market Revenue, 2018-2023, 2024-2030, ($ millions)

Global Engine Oils Market Sales, 2018-2023, 2024-2030, (K MT)

Global top five Engine Oils companies in 2022 (%)

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%.

We surveyed the Engine Oils 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 Oils Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K MT)

Global Engine Oils Market Segment Percentages, by Type, 2022 (%)

• Single-grade

• Multi-grade

Global Engine Oils Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K MT)

Global Engine Oils Market Segment Percentages, by Application, 2022 (%)

• Automotive

• Industrial

Global Engine Oils Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K MT)

Global Engine Oils Market Segment Percentages, By Region and Country, 2022 (%)

• North America (United States, Canada, Mexico)

• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

• The Middle East and Africa (Middle East, Africa)

• South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Engine Oils revenues in global market, 2018-2023 (Estimated), ($ millions)

• Key companies Engine Oils revenues share in global market, 2022 (%)

• Key companies Engine Oils sales in global market, 2018-2023 (Estimated), (K MT)

• Key companies Engine Oils sales share in global market, 2022 (%)

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

• Shell

• Exxon Mobil

• BP

• Total Lubricants

• Axel Christiernsson

• Chevron

• FUCHS

• LUKOIL

• SKF

• JX Nippon Oil & Energy Corporation

• Petro-Canada

• Indian Oil Corporation

• Quaker Chemical

• Southwestern Petroleum Corporation

• Klber

• Dow Corning

• Sinopec

• CNPC

• CNOOC

Outline of Major Chapters:

Chapter 1: Introduces the definition of Engine Oils, market overview.

Chapter 2: Global Engine Oils market size in revenue and volume.

Chapter 3: Detailed analysis of Engine Oils manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: 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 5: 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 6: Sales of Engine Oils 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 of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Engine Oils capacity by region & country.

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: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

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