Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 42.78 Billion | USD 62.36 Billion | 3.84% | 2024 |
FrequentlyAsked Questions
The global automotive engine oil market is expected to grow due to vehicle fleet expansion, regular maintenance needs, and demand for high-performance lubricants in ICE vehicles.
According to a study, the global automotive engine oil market size was worth around USD 42.78 Billion in 2024 and is expected to reach USD 62.36 Billion by 2034.
The global automotive engine oil market is expected to grow at a CAGR of 3.84% during the forecast period.
Asia-Pacific is expected to dominate the automotive engine oil market over the forecast period.
Leading players in the global automotive engine oil market include ExxonMobil, Shell, BP (Castrol), Chevron, TotalEnergies, Valvoline, Fuchs Petrolub, Petronas, Amsoil, Petromin Corporation, among others.
The report explores crucial aspects of the automotive engine oil market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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