Global Automotive Engine Oil Market Expected to Grow with a CAGR of Over 4% During the Forecast Period, 2020-2024 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Automotive Engine Oil Market by Vehicle Type and Geography - Forecast and Analysis 2020-2024" report has been added to ResearchAndMarkets.com's offering.

Global Automotive Engine Oil Market: About this market

Thw automotive engine oil market analysis considers sales from both passenger vehicles and commercial vehicles types. Our study also finds the sales of automotive engine oil in APAC, Europe, MEA, North America, and South America. In 2019, the passenger vehicle segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for passenger vehicles with advanced fuel injection systems will play a significant role in the passenger vehicle segment to maintain its market position. Also, our global automotive engine oil market report looks at factors such as the growing number of vehicles-in-use, APAC driving market revenue, and demand for full synthetic engine oil. However, fluctuating crude oil prices, growing sales of all-electric cars and growing availability of fake automotive lubricants may hamper the growth of the automotive engine oil industry over the forecast period.

Global Automotive Engine Oil Market: Overview

Growing demand for full synthetic engine oil

Fully synthetic engine oil makes use of the superior quality of synthetic base stock with advanced additives and lubricants. This makes fully synthetic engine oil a high-performance engine lubricant. This oil even helps the engine in combating sludge and carbon deposits build up. Furthermore, fully synthetic engine oil also offers superior protection against engine wear and tear and combats extreme pressure and temperature. Thus, the demand for this engine oil has increased considerably over the years owing to its performance advantages, which, will lead to the expansion of the global automotive engine oil market at a CAGR of over 4% during the forecast period.

Advances in engine oil technology

The global automotive engine oil market is witnessing the increasing use of advanced technologies leading to the development of advanced engine oil. The growing adoption of advanced fuel and lubricant technologies is helping in the development of superior engine oil for automotive applications. Prominent vendors in the market have also started focusing on improving the efficiency of engine oil by making use of advanced antioxidants, surfactants, high-pressure agents, and superior corrosion inhibitors. Also, the vendors have minimized the usage of particles including graphite and polytetrafluoroethylene resins, to improve the overall performance of the engine and give clearer emissions. This development is expected to have a positive impact on the overall market growth.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• Preface
• Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market size and forecast 2019-2024
• Market Outlook

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 08: MARKET SEGMENTATION BY VEHICLE TYPE

• Market segmentation by vehicle type
• Comparison by vehicle type
• Passenger vehicles - Market size and forecast 2019-2024
• Commercial vehicles - Market size and forecast 2019-2024
• Market opportunity by vehicle type

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Advances in engine oil technology
• Increasing number of launches of automotive engine oil
• Growing uptake of thinner engine oil

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Adolf Wrth GmbH & Co. KG
• BP Plc
• Chevron Corp.
• China Petroleum & Chemical Corp.
• Exxon Mobil Corp.
• MOTUL SA
• Petroliam Nasional Berhad
• Royal Dutch Shell Plc
• TOTAL SA
• Valvoline Inc.

For more information about this report visit https://www.researchandmarkets.com/r/sttxbz