A recent report published by Infinium Global Research on the
automotive engine oil market provides an in-depth analysis of segments and
sub-segments in the global as well as the regional automotive engine oil
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional automotive engine oil market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global automotive engine oil market.
According to the report, the global automotive engine oil market is projected
to grow at a healthy CAGR over the forecast period of 2019-2025.
Automotive engine oil is used for lubrication of various
internal combustion engines. The main function is to lubricate moving parts. It
also cleans, inhibits corrosion, improves sealing and cools the engine by
carrying heat away from moving parts. Today lots of automotive engine oils are
available in the market but some provide the best quality like Bosch automotive
engine oil provides excellent protection and quality. Gulf Oil Corporation Ltd.
has launched new generation passenger car motor oil such as Gulf MAX Supreme
20W-50, Gulf MAX Supreme 5W-30 & Gulf MAX TD 15W-40. The special feature of
these products has been encapsulated as MX 4 technology which offers the
benefits of extended engine life, enhanced engine cleanliness, superior engine
Increasing the production of automobiles is the major factor
driving the automotive engine oil market. Moreover, the growing demand for
goods transportation from medium, small and micro-size enterprises is the
factor boosting the automotive engine oil market. Increasing demand for
conventional and synthetic products is the factor propelling the automotive
engine oil market. Increasing awareness among people is the factor enhancing
the automotive engine market. However, the rising supply of counterfeit engine
oil products is the factor hampering the automotive engine oil market. The
stringent government regulations regarding the emission and demand for
environment friendly engine oils remain the major restraint to the automotive
engine oil market. Furthermore, the growing vehicle sales and its production in
developing countries can be challenges for the automotive engine market.
Besides, the increasing trend of owning a vehicle provides a major opportunity
for the growth of the automotive engine oil market.
Geographically, Asia Pacific is anticipated to hold a
prominent share of the global automotive engine oil market. In recent years,
China has become the largest hub for the automotive industry. High production
and sales of vehicles are the factors driving the automotive engine oil market
in the Asia Pacific. Europe is another major region, which is expected to hold
a significant share of the global automotive engine oil market. Europe is a
leading market of synthetic engine oils owing to the presence of a large number
performance vehicle which drives the automotive engine oil market.
The report on the global automotive engine oil market covers
segments such as grades, type, and vehicle type. On the basis of grades, the
sub-markets include mineral, semi-synthetic, and synthetic. On the basis of
type, the sub-markets include gasoline, diesel, and alternative fuel. On the
basis of vehicle type, the sub-markets include passenger cars, light commercial
vehicles, heavy duty vehicles, and motorcycles.
The report provides profiles of the companies in the market
such as Castrol Limited, Royal Dutch Shell plc, Leo Lubricants Pvt. Ltd.,
Pentagon Lubricants Private Limited, DANA Lubricants Factory LLC, HINDUJA
GROUP, GP Petroleums Ltd., Valvoline Inc., Würth Group, Exxon Mobil Corporation
and Other Companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of automotive
engine oil market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.