Engine OilsMarket, Global Outlook and Forecast 2025-2032
Report Overview
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.
The global Engine Oils market size was estimated at USD 31820 million in 2023 and is projected to reach USD 36061.33 million by 2032, exhibiting a CAGR of 1.40% during the forecast period.
North America Engine Oils market size was estimated at USD 8491.57 million in 2023, at a CAGR of 1.20% during the forecast period of 2025 through 2032.
This report provides a deep insight into the global Engine Oils market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Engine Oils Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Engine Oils market in any manner.
Global Engine Oils Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
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
Kl
