Automotive Engine Oil Market 2023 - CAGR Status, Major Players, Forecasts 2032

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Automotive Engine Oil Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Automotive Engine Oil Market Segments
The Business Research Company segments its
automotive engine oil market report as
Mineral, Synthetic, Semi-Synthetic
By Grade
Gasoline, Diesel, Alternative Fuel
By Engine
Premium Conventional Engine Oil, Full Synthetic
Engine Oil, Synthetic Blend Engine Oil, Higher
Mileage Engine Oil
By Technology
Passenger Vehicles, LCV, HCV, Two-Wheelers
By Application
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Market Statistics
The global automotive engine oil market size grew
from 38.61 billion in 2022 to 38.22 billion in
2023 at a compound annual growth rate (CAGR) of
-1.0. The automotive engine oil market size is
expected to grow to 44.62 billion in 2027 at a
CAGR of 3.9.
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Key Market Drivers And Trends
Drivers
The increasing demand for carrier vehicles from
small and medium scale enterprises is
significantly driving the growth of the
automotive engine oil market.
Trends
Advancements in technology have emerged as the
key trend gaining popularity in the automotive
engine oil market.
Region
Asia-Pacific was the largest region in the
automotive engine oil market in 2022. The regions
covered in the automotive engine oil market
report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, the Middle
East, and Africa.
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Key Market Players

• Major players in the automotive engine oil market
  are
• Exxon Mobil Corporation
• Valvoline Inc
• Fuchs Petrolub SE
• Castrol
• Shell PLC
• And more.

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