Report overview
Motor oil, engine oil, or engine lubricant is any of various substances comprising base oils enhanced with additives, particularly antiwear additive plus detergents, dispersants and, for multi-grade oils viscosity index improvers. Motor oil is used for lubrication of internal combustion engines. The main function of motor oil is to reduce friction and wear on moving parts and to clean the engine from sludge (one of the functions of dispersants) and varnish (detergents). It also neutralizes acids that originate from fuel and from oxidation of the lubricant (detergents), improves sealing of piston rings, and cools the engine by carrying heat away from moving parts.
This report contains market size and forecasts of Vehicle Motor Oil in global, including the following market information:
Global Vehicle Motor Oil Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Vehicle Motor Oil Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Vehicle Motor Oil companies in 2021 (%)
The global Vehicle Motor Oil market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Semi-Synthetic Oil Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Vehicle Motor Oil include SHELL, EXXONMOBIL, BP-CASTROL, CNPC, SINOPEC, CHEVRON, TOTAL, SINOLK and FUCHS, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Vehicle Motor Oil manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vehicle Motor Oil Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Vehicle Motor Oil Market Segment Percentages, by Type, 2021 (%)
Semi-Synthetic Oil
Synthetic Oil
Ordinary Motor Oil
Global Vehicle Motor Oil Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Vehicle Motor Oil Market Segment Percentages, by Application, 2021 (%)
Automotive Industry
Chemical Industry
Motor Industry
Global Vehicle Motor Oil Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Vehicle Motor Oil Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vehicle Motor Oil revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Vehicle Motor Oil revenues share in global market, 2021 (%)
Key companies Vehicle Motor Oil sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Vehicle Motor Oil sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
SHELL
EXXONMOBIL
BP-CASTROL
CNPC
SINOPEC
CHEVRON
TOTAL
SINOLK
FUCHS
COSMO
VALVOLINE
IDEMITSU KOSAN
CONOCOPHILLIPS
PDVSA
REPSOL
