Automotive Engine Oil Market

May 2020| VMR2587A| Verified Market Research

Report Highlights

Automotive Engine Oil Market Size And Forecast

Automotive Engine Oil Market was valued at USD 37.22 Billion in 2018 and is projected to reach USD 52.05 Billion by 2026, growing at a CAGR of 4.31 % from 2019 to 2026.

Global Automotive Engine Oil Market Outlook

Conventional automotive engine oil is much cheaper than modern tubes, therefore, it is witnessing increased demand across the globe. Furthermore, synthetic automotive engine oil offers higher vehicle performance and better automotive parts protection for a long period of time as compared to conventional oils, that is also expected to propel the global automotive engine oil market growth. Several automotive engine oil additives including anti-foaming agents, anti-oxidants, detergents, and dispersants boost the vehicle protection and keep the vehicle engine clean; thus providing performance longevity and maximum durability.

Global Automotive Engine Oil Market Competitive Landscape

The Global Automotive Engine Oil Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Adolf Wrth GmbH & Co. KG, BP Plc., Chevron Corp., China Petroleum & Chemical Corp., and Exxon Mobil Corp.

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