Global Engine Oil Market – Growth, Trends, And Forecast (2020 – 2025)
The report presents an in-depth assessment of the Global Engine Oil including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Engine Oil investments from 2020 till 2025.
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The Global Engine Oil market is highly competitive and consists of a number of major players. Companies, like Bharat Petroleum Corp. Ltd, BP PLC, Caltex Australia Group, Chevron Corp., China National Petroleum Corp. (Petrochina), China Petrochemical Corp. (SINOPEC Group), ExxonMobil Corporation, Fuchs Petrolub SE, Gazpromneft – Lubricants Ltd, Gulf Oil Lubricants India Ltd, Hindustan Petroleum Corp. Ltd, Idemitsu Kosan Co. Ltd, Indian Oil Corp. Ltd, JXTG Nippon Oil & Energy Corporation, LukOil, Motul, Petrobras, PETRONAS Lubricants International, Phillips 66 Lubricants, PT Pertamina, Repsol, Royal Dutch Shell, SK Lubricants Co. Ltd, Tide Water Oil Co. (India) Ltd (Veedol International Ltd), Total SA, Valvoline Inc. among others.
Increasing adoption of high-performance lubricants globally is has been driving the market over the recent past and is expected to continue over the study period.
– Modest impact of electric vehicles (EVs) in the future is likely to hinder the market’s growth.
– Numerous upcoming construction projects in North America and APAC is projected to act as an opportunity for the market in future.
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Key Market Trends:
Automotive and Other Transportation Segment Dominated the Market
– Engine oils are widely used to lubricate internal combustion engines and are composed of 75-90% base oils and 10-25% additives.
– They are typically used for applications, such as wear reduction, corrosion protection, and smooth operation of the engine internals. They function by creating a thin film between the moving parts, for enhancing heat transfer and reducing tension during the contact of parts.
– High-mileage engine oils are in demand, owing to properties that help in oil leak prevention and reduction in oil-burn offs. Most light and heavy vehicle diesel and gasoline engines use 10W40 and 15W40 viscosity grade oils, globally.
– Technological advancements are imposing a threat to the growth of engine oils, owing to the increased engine oil change intervals.
– The increasing production and sales of light-duty vehicles is estimated to have a direct impact on engine oil consumption, which, in turn, is anticipated to drive the demand for engine oil during the forecast period.
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The key insights of the Engine Oil Market report:
- The report provides key statistics on the market status of the Engine Oil market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
- The Engine Oil market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
- The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
- The report estimates 2020-2025 market development trends of Engine Oil Market.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
- The report makes some important proposals for a new project of Engine Oil Industry before evaluating its feasibility.
Finally, Engine Oil Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Engine Oil industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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– The market estimate (ME) sheet in Excel format
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– 3 months of analyst support
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