The automotive engine oil market was valued at USD 36.1 billion in 2018 and is expected to grow at a CAGR of 3%, reaching USD 47.6 billion by 2026 during the forecast period. The increase in automobile production and the demand for conventional and synthetic products are key factors driving this industry. Automobile sales have grown steadily over the past few years, mainly in Asia Pacific and Europe, due to a growing population and increasing consumer spending capacity.
A full report of Automotive Motor Oil Market available at https://www.orionmarketreports.com/automotive-motor-oil-market/53164/
Automotive Motor Oil Market Segmentations
By Product
• Conventional Oil
• Full-Synthetic Oil
• Synthetic-Blend Oil
By Application
• Passenger Vehicle
• Commercial Vehicle
Major Players
• Shell
• ExxonMobil
• BP
• TOTAL
• Chevron
• FUCHS
• Idemitsu Kosan
• JX Group
• SK Lubricants
• Hyundai Oilbank
• Sinopec
• CNPC
• DongHao
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
