Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Engine Oil Market by Type (Mineral Oil, Synthesis Oil), By Application (Commercial Vehicle, Passenger Car, Motorcycle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Engine Oil Market by Type (Mineral Oil, Synthesis Oil), By Application (Commercial Vehicle, Passenger Car, Motorcycle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 323806 4200 Energy & Power 377 134 Pages 4.8 (41)
                                          

Market Overview:


The global engine oil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the global engine oil market can be attributed to the increasing demand for passenger cars and commercial vehicles, and the growing awareness about vehicle maintenance. In terms of type, the mineral oil segment is expected to dominate the global engine oil market during the forecast period. However, synthetic oils are projected to grow at a higher CAGR than mineral oils during the forecast period owing to their superior properties such as high viscosity index (VI), thermal stability, and low volatility. In terms of application, commercial vehicles are expected to account for a larger share of the global engine oil market than passenger cars and motorcycles during 2018-2030.


Global Engine Oil Industry Outlook


Product Definition:


Engine oil is a slippery, colorless fluid that is used to lubricate the moving parts of an engine. It also helps to keep the engine cool by transferring heat away from the pistons.


Mineral Oil:


Mineral oil is a type of engine oil, which is widely used in the automotive industry. It contains paraffin waxes and oils, which are derived from crude oil. The major raw materials that go into the manufacturing of mineral oils include crude oil and natural gas liquids (NGL).


Synthesis Oil:


Synthesis oil is a blend of mineral and synthetic oils. It is produced by the blending of base stock oil with a high-performance engine oil. The purpose behind producing synthesis oil is to provide better protection for metal surfaces against wear and tear, this also helps in reducing the overall maintenance cost of the vehicle. Synthesis oils are used as an alternative to conventional motor oils when maximum performance is required from a particular type of engine or application area such as racing or cold weather operation etc.


Application Insights:


The commercial vehicle segment accounted for the largest share of over 60.0% in 2017 and is projected to witness significant growth from 2018 to 2030. The growing demand for diesel and gasoline engine vehicles in developed as well as developing countries including Germany, China, India, Brazil among others is expected to drive the product demand over the forecast period.


Passenger car application segment followed the commercial vehicle segment in terms of market share and is also anticipated to grow at a significant rate during the forecast period owing to increasing consumer disposable income levels coupled with rising per capita automotive ownership rates across various regions including Asia Pacific will have a positive impact on industry growth over the next eight years.


Regional Analysis:


Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth on account of rapid industrialization and increasing automotive production in countries, such as China, India, and Japan. Furthermore, rising disposable income levels coupled with a growing population will drive the demand for commercial vehicles in this region.


The European market was valued at USD X billion in 2017 owing to stringent government regulations regarding fuel emissions along with high standards of vehicle safety mandated by organizations like Euro NCAP and American National Standards Institute (ANSI). North America emerged as the second-largest consumer due to early adoption of advanced technologies across various industries including automotive which has resulted into higher penetration rates observed across this region. Moreover, presence of key manufacturers including Ford Motor Company; General Motors Company; Fiat Chrysler Automobiles N.V.


Growth Factors:


  • Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the engine oil market.
  • Stringent emission norms by regulatory authorities are prompting Original Equipment Manufacturers (OEMs) to increasingly use high-quality engine oils, which is anticipated to propel the growth of the engine oil market during the forecast period.
  • The increasing popularity of synthetic engine oils over mineral-based ones is projected to boost the growth of this market in the near future.
  • Growing demand for fuel-efficient vehicles has led OEMs towards using low viscosity engine oils, thereby propelling the growth of this market segment during the forecast period.

Scope Of The Report

Report Attributes

Report Details

Report Title

Engine Oil Market Research Report

By Type

Mineral Oil, Synthesis Oil

By Application

Commercial Vehicle, Passenger Car, Motorcycle

By Companies

Shell, Exxon Mobil, BP, Total, Chevron Corporation, Lukoil, Sinopec Lubricant, Valvoline, CNPC, Petronas, Shell, FUCHS

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

134

Number of Tables & Figures

94

Customization Available

Yes, the report can be customized as per your need.


Global Engine Oil Market Report Segments:

The global Engine Oil market is segmented on the basis of:

Types

Mineral Oil, Synthesis Oil

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Commercial Vehicle, Passenger Car, Motorcycle

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Shell
  2. Exxon Mobil
  3. BP
  4. Total
  5. Chevron Corporation
  6. Lukoil
  7. Sinopec Lubricant
  8. Valvoline
  9. CNPC
  10. Petronas
  11. Shell
  12. FUCHS

Global Engine Oil Market Overview


Highlights of The Engine Oil Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Mineral Oil
    2. Synthesis Oil
  1. By Application:

    1. Commercial Vehicle
    2. Passenger Car
    3. Motorcycle
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Engine Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Engine Oil Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Engine oil is a lubricant that helps to reduce friction and wear in an engine. It is also used to protect the engine from corrosion.

Some of the key players operating in the engine oil market are Shell, Exxon Mobil, BP, Total, Chevron Corporation, Lukoil, Sinopec Lubricant, Valvoline, CNPC, Petronas, Shell, FUCHS.

The engine oil market is expected to grow at a compound annual growth rate of 5.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Engine Oil Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Engine Oil Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Engine Oil Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Engine Oil Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Engine Oil Market Size & Forecast, 2020-2028       4.5.1 Engine Oil Market Size and Y-o-Y Growth       4.5.2 Engine Oil Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Mineral Oil
      5.2.2 Synthesis Oil
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Commercial Vehicle
      6.2.2 Passenger Car
      6.2.3 Motorcycle
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Engine Oil Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Engine Oil Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America  Market Size Forecast by Type
      9.6.1 Mineral Oil
      9.6.2 Synthesis Oil
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Commercial Vehicle
      9.10.2 Passenger Car
      9.10.3 Motorcycle
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe  Market Size Forecast by Type
      10.6.1 Mineral Oil
      10.6.2 Synthesis Oil
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Commercial Vehicle
      10.10.2 Passenger Car
      10.10.3 Motorcycle
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific  Market Size Forecast by Type
      11.6.1 Mineral Oil
      11.6.2 Synthesis Oil
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Commercial Vehicle
      11.10.2 Passenger Car
      11.10.3 Motorcycle
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America  Market Size Forecast by Type
      12.6.1 Mineral Oil
      12.6.2 Synthesis Oil
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Commercial Vehicle
      12.10.2 Passenger Car
      12.10.3 Motorcycle
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA)  Market Size Forecast by Type
      13.6.1 Mineral Oil
      13.6.2 Synthesis Oil
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Commercial Vehicle
      13.10.2 Passenger Car
      13.10.3 Motorcycle
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Engine Oil Market: Competitive Dashboard
   14.2 Global Engine Oil Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Shell
      14.3.2 Exxon Mobil
      14.3.3 BP
      14.3.4 Total
      14.3.5 Chevron Corporation
      14.3.6 Lukoil
      14.3.7 Sinopec Lubricant
      14.3.8 Valvoline
      14.3.9 CNPC
      14.3.10 Petronas
      14.3.11 Shell
      14.3.12 FUCHS

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