Global Automotive Engine Oil Market Size Study, by Grade, Engine Type, Application Area (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Two Wheeler, and Other), and Regional Forecasts 2022-2032

Description

The Global Automotive Engine Oil Market, estimated at USD 42.06 billion in 2023, is poised to achieve significant growth with a compound annual growth rate (CAGR) of 2.97% during the forecast period, reaching an estimated USD 54.31 billion by 2032. Engine oils, a critical component in automotive maintenance, play a pivotal role in reducing friction, preventing corrosion, and enhancing engine performance and longevity. The rising vehicle production and ownership, coupled with advancements in engine technology, have led to a robust demand for premium-grade engine oils worldwide.

The increasing penetration of synthetic and semi-synthetic oils, known for their superior performance under extreme conditions, is reshaping market dynamics. The shift toward fuel-efficient and low-emission engines further amplifies the demand for specialized engine oils tailored to modern engine designs. However, challenges such as volatile crude oil prices and stringent environmental regulations may hinder market growth. On the brighter side, the adoption of bio-based engine oils and innovations in additive technologies offer lucrative opportunities for industry players to thrive in this evolving landscape.

Regionally, the Asia-Pacific region dominates the market, underpinned by rapid urbanization, rising disposable incomes, and expanding automotive manufacturing hubs in countries such as China, India, and Japan. North America and Europe follow closely, driven by a robust automotive aftermarket and growing environmental consciousness. Meanwhile, Latin America and the Middle East & Africa present emerging opportunities, fueled by infrastructural developments and the rising vehicle fleet.

Major market players included in this report are:

ExxonMobil Corporation
Royal Dutch Shell plc
Chevron Corporation
BP p.l.c.
TotalEnergies SE
Valvoline Inc.
Castrol Limited
Fuchs Petrolub SE
Amsoil Inc.
PetroChina Company Limited
Idemitsu Kosan Co., Ltd.
Phillips 66 Lubricants
JX Nippon Oil & Energy Corporation
Sinopec Lubricant Company
Repsol S.A.

The detailed segments and sub-segments of the market are explained below:

By Grade:

Mineral
Synthetic
Semi-synthetic

By Engine Type:

Diesel
Petrol
Alternative Fuel

By Application Area:

Passenger Vehicle
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Two Wheeler
Other

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Comprehensive market estimates and forecasts spanning 2022-2032.
Regional insights and segment-specific revenue projections for a decade.
Analysis of market drivers, challenges, and emerging opportunities.
Detailed competitive intelligence and strategic recommendations.
Industry-specific trends and innovations driving the automotive engine oil market forward.

Chapter 1. Global Automotive Engine Oil Market Executive Summary

1.1. Global Automotive Engine Oil Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Grade
- 1.3.2. By Engine Type
- 1.3.3. By Application Area
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Engine Oil Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Engine Oil Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Penetration of Synthetic and Semi-synthetic Oils
- 3.1.2. Shift Toward Fuel-efficient and Low-emission Engines
- 3.1.3. Rising Vehicle Production and Ownership
3.2. Market Challenges
- 3.2.1. Volatile Crude Oil Prices
- 3.2.2. Stringent Environmental Regulations
3.3. Market Opportunities
- 3.3.1. Adoption of Bio-based Engine Oils
- 3.3.2. Innovations in Additive Technologies
- 3.3.3. Expansion into Emerging Markets

Chapter 4. Global Automotive Engine Oil Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Engine Oil Market Size & Forecasts by Grade 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Engine Oil Market: Grade Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Mineral
- 5.2.2. Synthetic
- 5.2.3. Semi-synthetic

Chapter 6. Global Automotive Engine Oil Market Size & Forecasts by Engine Type 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Engine Oil Market: Engine Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Diesel
- 6.2.2. Petrol
- 6.2.3. Alternative Fuel

Chapter 7. Global Automotive Engine Oil Market Size & Forecasts by Application Area 2022-2032

7.1. Segment Dashboard
7.2. Global Automotive Engine Oil Market: Application Area Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Passenger Vehicle
- 7.2.2. Light Commercial Vehicle (LCV)
- 7.2.3. Heavy Commercial Vehicle (HCV)
- 7.2.4. Two Wheeler
- 7.2.5. Other

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. ExxonMobil Corporation
- 8.1.2. Royal Dutch Shell plc
- 8.1.3. Chevron Corporation
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. ExxonMobil Corporation
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Royal Dutch Shell plc
- 8.3.3. Chevron Corporation
- 8.3.4. BP p.l.c.
- 8.3.5. TotalEnergies SE
- 8.3.6. Valvoline Inc.
- 8.3.7. Castrol Limited
- 8.3.8. Fuchs Petrolub SE
- 8.3.9. Amsoil Inc.
- 8.3.10. PetroChina Company Limited
- 8.3.11. Idemitsu Kosan Co., Ltd.
- 8.3.12. Phillips 66 Lubricants
- 8.3.13. JX Nippon Oil & Energy Corporation
- 8.3.14. Sinopec Lubricant Company
- 8.3.15. Repsol S.A.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation