Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Engine Oil Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Automotive Engine Oil Market Grow Between 2024 and 2025?
The Automotive Engine Oil Global Market Report 2025 indicates a consistent growth pattern in the market. The market size was at $43.47 billion in 2024 and it is forecasted to reach $45.56 billion in 2025, growing at a compound annual growth rate (CAGR) of 4.8%.
How Much Will the Automotive Engine Oil Market Be Worth in 2029?
The forecast for the Automotive Engine Oil Global Market Report 2025 suggests that by 2029, the market size will reach $55.73 billion, growing at a compound annual growth rate (CAGR) of 5.2%.
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Which Automotive Engine Oil Market Drivers Are Linked to Revenue Growth?
The key drivers in the automotive engine oil market are:
• Rising adoption of electric vehicles
• Implementation of stringent emission standards
• Development of advanced engine technologies
• Increasing use of sustainable and bio-based lubricants
• Digitalization in automotive maintenance
Which Segments Are Expected to Grow in the Automotive Engine Oil Market?
The automotive engine oil market covered in this report 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, Other Applications
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What Are The Key Trends Impacting Growth In The Global Automotive Engine Oil Market?
The key trends in the automotive engine oil market are:
• Synthetic engine oils are becoming a key trend in the market.
• The application of nanotechnology in lubricants is an emerging trend.
• There is a growing trend towards extending oil change intervals.
• The market is also seeing a focus on improving fuel efficiency.
Who Are the Key Competitors in the Global Automotive Engine Oil Market?
Major players in the automotive engine oil market are:
• Exxon Mobil Corporation
• Valvoline Inc.
• Fuchs Petrolub SE
• Castrol Ltd.
• Shell plc
• Chevron Corporation
• BP plc
• TotalEnergies SE
• Sinopec Group
• Motul SA
• Petroliam Nasional Berhad
• Pentagon Lubricants
• Eni SpA
• Hinduja Group
• Saudi Arabian Oil Co.
• PetroChina Company Limited
• Idemitsu Kosan Co. Ltd.
• JXTG Nippon Oil & Energy Corporation
• Lukoil Oil Company
• Phillips 66 Company
• Indian Oil Corporation Limited
• Hindustan Petroleum Corporation Limited
• Bharat Petroleum Corporation Limited
• Petronas Lubricants International Sdn Bhd
• Caltex Australia Petroleum Pty Ltd.
• SK Lubricants Co. Ltd.
• Repsol SA
• PTT Public Company Limited
• PT Pertamina
• Gazprom Neft
Where Is the Automotive Engine Oil Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the automotive engine oil market in 2024
