PUBLISHED DATE : Jun 2022 | Pages : 248
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The Engine Oil Market Size, Share, Trends Analysis
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022-2027
248 Pages
109 Tables
76 Charts
5 Regions
23 Countries
25 Companies
3 Market Segment
| Report Attribute | Details |
|---|---|
| Market Size (2027) | USD 105.5 Billion |
| Market Size (2021) | USD 77.5 Billion |
| MARKET SIZE BY VOLUME | 32,525.43 kilotons (2027) |
| CAGR (2021-2027) | 5.26% |
| Base Year | 2021 |
| Forecast Year | 2022-2027 |
| Market Segments | End-Use, Oil Type, and Geography |
| Key Vendors | Castrol Limited, Chevron Corporation, Exxon Mobil Corporation, Shell PLC, and Total Energies |
The global engine oil market size was valued at USD 77.5 billion in 2021 and is expected to reach USD 105.5 billion by 2027, growing at a CAGR of 5.26% during the forecast period. Customers in the global engine oil market demand engine oils that enhance vehicles’ fuel economy and deliver better performance. In the past, engine oils were produced from mineral oils that were derived from crude oil. However, mineral oil engines can no longer perform per the new engine requirements. Therefore, the demand for synthetic engine oils and additives is high. Technological advances enable the increased shelf life of engines, reduced carbon footprints, improved fuel economy, and supply of low viscosity engine oils. Increased use of passenger cars in emerging economies fuel the growth of the global engine oil market.
Drivers: Rapid Infrastructure Development Increasing the Demand for Heavy Equipment
The infrastructure and construction industry is essential for the overall economic growth of the world. Adequate infrastructures such as road and railway transport systems, ports, power, and airports are needed to integrate the country's economy with other world economies. In recent years infrastructure development has grown substantially across the globe, and due to this, the demand for heavy equipment has increased. Generally, heavy equipment refers to heavy-duty vehicles used for construction and mining work; therefore increase in heavy equipment will ultimately increase the demand for engine oil. In addition, emerging countries have taken advantage of foreign direct investment and helped MNCs build various infrastructure and construction projects in multiple countries. Also, new industrial policies implemented by governments of emerging economies helped increase the production capacity of heavy equipment vehicles. The infrastructure and construction industry has shown rapid growth worldwide because of low-cost raw materials, low cost of skilled labor, and increased foreign direct investment (FDI).
Opportunities: Increasing Demand for Good Quality Engine Oil due to Stringent Emission Regulation
Governments across the globe have been creating awareness about the negative impacts of greenhouse gas emissions; because of that, various environmental agencies are working closely with governments of multiple countries. As a result, various governments worldwide have laid down stringent emission regulations for vehicles to reduce their environmental impact. Therefore, many manufacturers have taken these regulations as an opportunity to invest in R&D so that they can develop products that will follow these emission regulations and deliver the better performance of the engine. In addition, countries like India, China, US, Germany, UK, and France have laid down emission norms that will decrease fuel consumption and offer better performance. All the above points will increase the demand for good quality engine oil. Various automobile manufacturers such as Ford (US), Mazda (Japan), McLaren (UK), Toyota (Japan), and Porsche (Germany) have formed a strategic partnership with various manufacturers such as Shell PLC (UK), ExxonMobil (US), and Gulf Oil (US) to develop engine oils compatible for modern engines which follows the emission regulations. Also, the developments in engine design, engine assembly, piston design, and crankshaft systems have created an opportunity for engine oil manufacturers to develop high-performing and efficiency-driven engine oils.
Challenges: Constant Fluctuation in Crude Oil Prices
Crude oil is one of the most critical factors influencing international economic development because crude oil products are used in practically every machine. The transportation sector throughout the world is entirely reliant on petroleum products such as gasoline and diesel fuel. Also, different types of lubricants are used for the well functioning of transport vehicles. In addition, many countries also rely extensively on petroleum fuels to heat their homes, cook their food, and generate power. Petroleum products derived from crude oil and other hydrocarbon liquids account for approximately one-third of global energy use. Volatile oil prices have the potential to send shockwaves throughout the global economy. Changes also influence oil prices in supply and demand. Oil is a necessity and is in high demand; market forces primarily determine its price. As crude oil is the primary raw material required to manufacture base oil, engine oil consists of 80% to 90% of base oil, and constant fluctuations in crude oil prices affect engine oil prices.
Automotive engine oil is the most commonly used lubricant in vehicles. The automotive engine oil market occupied almost 75% of the global engine oil market share in 2021. The automotive engine oil market is projected to grow at a CAGR of more than 5% from 2022 to 2027. Engine oil plays a vital role in engine performance, protecting against wear and tear of moving parts. Engine oil consists of base oils and various additives, giving a broad spectrum of properties. Global engine oil products are broadly used in various industries such as automotive & transportation, heavy equipment, power generation, agriculture, woodworking, textile, and others.
Engine oil is generally available in three oil types: fully synthetic, semi-synthetic, and mineral oil. All three oil types have some advantages, but semi-synthetic engine oil is the largest oil type segment in the market. Semi-synthetic oils are a mixture of mineral oils and fully synthetic lubricants. Semi-synthetic oil is more expensive than mineral oil but less expensive than fully synthetic oil, which helps consumers to get premium quality engine oil at an economical price. Semi-synthetic oils offer similar properties to fully synthetic, such as increased engine performance, excellent parts protection, and optimized performance.
The global engine oil market is diverse. APAC is the leading market for engine oil because of the low cost of labor and abundant availability of raw materials. APAC will dominate the market through the forecast period. However, there are many countries with a high scope for expansion that will challenge the dominance of APAC.
The key players have undertaken various strategies to grow in the engine oil market. Companies in the industry compete strategically. The growth in sustainable processes and initiative has been a challenge for all companies globally. Investments in R&D, technological advancement, and environmental and economic difficulties drive the demand for innovative and sustainable engine oil products.
Some major players in the market include Exxon Mobil Corporation (US), British Petroleum (UK), Shell (UK), Gulf Oil (US), Idemitsu (Japan), Castrol (US), Fuchs (Germany), and Chevron Corporation (US). These players have adopted strategies such as expansion, acquisitions, new product development, joint ventures, and others to increase their revenues in the engine oil market.
Frequently Asked Questions
What is the projected size of the global engine oil market by 2027?
The global engine oil market is expected to reach USD 105.5 billion by 2027.
Who are the key vendors in the global engine oil market?
Castrol Limited, Chevron Corporation, ExxonMobil, Shell PL, and Total Energies are the key vendors in the industry.
What are the factors driving the engine oil market growth?
Increasing demand for passenger cars in emerging economies and increasing demand for good quality engine oil due to stringent emission regulations are driving the growth of the market.
Which region will have the highest engine oil market share by 2027?
APAC will have the highest share by 2027.
The global engine oil market was valued at USD 77.5 billion in 2021 and is expected to reach USD 105.5 billion by 2027, growing at a CAGR of 5.26%.
The following factors will drive the global engine oil market growth during the forecast period:
Base Year: 2021
Forecast Year: 2022-2027
The study considers a detailed scenario of the present global engine oil market and its dynamics for the forecasted period. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the industry.
Key Vendors
Other Prominent Vendors
Segmentation by End-Use
Segmentation by Oil Type
Segmentation by Geography
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 INTRODUCTION
7.1 OVERVIEW
8 EXECUTIVE INSIGHTS
8.1 ENGINE OIL MARKET – GLOBAL FORECAST (2021–2027)
8.2 MARKET SYNOPSIS
8.2.1 MARKET TRENDS
8.2.2 SEGMENT REVIEW
8.2.3 COMPANIES & STRATEGIES
9 MARKET OPPORTUNITIES & TRENDS
9.1 DEMAND FOR PASSENGER CARS IN EMERGING ECONOMIES
9.2 DEMAND FOR HEAVY EQUIPMENT
10 MARKET GROWTH ENABLERS
10.1 DEMAND FOR HIGH-QUALITY ENGINE OIL
10.2 INDUSTRIALIZATION OF EMERGING ECONOMIES
11 MARKET RESTRAINTS
11.1 HIGH DEMAND & PRODUCTION OF ELECTRIC VEHICLES
11.2 FLUCTUATIONS IN CRUDE OIL PRICES
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 END-USE
13.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
13.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
13.3 MARKET OVERVIEW
13.4 AUTOMOTIVE & TRANSPORTATION
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.4.3 MARKET BY GEOGRAPHY
13.5 HEAVY EQUIPMENT
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.5.3 MARKET BY GEOGRAPHY
13.6 POWER GENERATION
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.6.3 MARKET BY GEOGRAPHY
13.7 OTHERS
13.7.1 MARKET OVERVIEW
13.7.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.7.3 MARKET BY GEOGRAPHY
14 OIL TYPE
14.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
14.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
14.3 MARKET OVERVIEW
14.4 SEMI SYNTHETIC
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
14.4.3 MARKET BY GEOGRAPHY
14.5 FULLY SYNTHETIC
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
14.5.3 MARKET BY GEOGRAPHY
14.6 MINERAL
14.6.1 MARKET OVERVIEW
14.6.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
14.6.3 MARKET BY GEOGRAPHY
15 GEOGRAPHY
15.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
15.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
15.3 GEOGRAPHIC OVERVIEW
16 NORTH AMERICA
16.1 MARKET OVERVIEW
16.2 MARKET SIZE & FORECAST
16.2.1 VALUE
16.2.2 VOLUME
16.3 OIL TYPE
16.3.1 MARKET SIZE & FORECAST
16.4 END-USE
16.4.1 MARKET SIZE & FORECAST
16.5 KEY COUNTRIES
16.6 US
16.6.1 MARKET SIZE & FORECAST
16.7 CANADA
16.7.1 MARKET SIZE & FORECAST
17 LATIN AMERICA
17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.2.1 VALUE
17.2.2 VOLUME
17.3 OIL TYPE
17.3.1 MARKET SIZE & FORECAST
17.4 END-USE
17.4.1 MARKET SIZE & FORECAST
17.5 KEY COUNTRIES
17.6 BRAZIL
17.6.1 MARKET SIZE & FORECAST
17.7 MEXICO
17.7.1 MARKET SIZE & FORECAST
17.8 REST OF LATIN AMERICA
17.8.1 MARKET SIZE & FORECAST
18 MIDDLE EAST & AFRICA
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.2.1 VALUE
18.2.2 VOLUME
18.3 OIL TYPE
18.3.1 MARKET SIZE & FORECAST
18.4 END-USE
18.4.1 MARKET SIZE & FORECAST
18.5 KEY COUNTRIES
18.6 SOUTH AFRICA
18.6.1 MARKET SIZE & FORECAST
18.7 IRAN
18.7.1 MARKET SIZE & FORECAST
18.8 UAE
18.8.1 MARKET SIZE & FORECAST
18.9 SAUDI ARABIA
18.9.1 MARKET SIZE & FORECAST
18.10 REST OF MEA
18.10.1 MARKET SIZE & FORECAST
19 EUROPE
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.2.1 VALUE
19.2.2 VOLUME
19.3 OIL TYPE
19.3.1 MARKET SIZE & FORECAST
19.4 END-USE
19.4.1 MARKET SIZE & FORECAST
19.5 KEY COUNTRIES
19.6 GERMANY
19.6.1 MARKET SIZE & FORECAST
19.7 FRANCE
19.7.1 MARKET SIZE & FORECAST
19.8 UK
19.8.1 MARKET SIZE & FORECAST
19.9 ITALY
19.9.1 MARKET SIZE & FORECAST
19.10 SPAIN
19.10.1 MARKET SIZE & FORECAST
19.11 RUSSIA
19.11.1 MARKET SIZE & FORECAST
19.12 REST OF EUROPE
19.12.1 MARKET SIZE & FORECAST
20 APAC
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.2.1 VALUE
20.2.2 VOLUME
20.3 OIL TYPE
20.3.1 MARKET SIZE & FORECAST
20.4 END-USE
20.4.1 MARKET SIZE & FORECAST
20.5 KEY COUNTRIES
20.6 CHINA
20.6.1 MARKET SIZE & FORECAST
20.7 INDIA
20.7.1 MARKET SIZE & FORECAST
20.8 JAPAN
20.8.1 MARKET SIZE & FORECAST
20.9 INDONESIA
20.9.1 MARKET SIZE & FORECAST
20.10 SOUTH KOREA
20.10.1 MARKET SIZE & FORECAST
20.11 REST OF APAC
20.11.1 MARKET SIZE & FORECAST
21 COMPETITIVE LANDSCAPE
21.1 COMPETITION OVERVIEW
22 KEY COMPANY PROFILES
22.1 CASTROL LIMITED
22.1.1 BUSINESS OVERVIEW
22.1.2 CASTROL LIMITED IN GLOBAL ENGINE OIL MARKET
22.1.3 PRODUCT OFFERINGS
22.1.4 KEY STRATEGIES
22.1.5 KEY STRENGTHS
22.1.6 KEY OPPORTUNITIES
22.2 CHEVRON CORPORATION
22.2.1 BUSINESS OVERVIEW
22.2.2 CHEVRON CORPORATION IN GLOBAL ENGINE OIL MARKET
22.2.3 PRODUCT OFFERINGS
22.2.4 KEY STRATEGIES
22.2.5 KEY STRENGTHS
22.2.6 KEY OPPORTUNITIES
22.3 EXXON MOBIL CORPORATION
22.3.1 BUSINESS OVERVIEW
22.3.2 EXXON MOBIL CORPORATION IN GLOBAL ENGINE OIL MARKET
22.3.3 PRODUCT OFFERINGS
22.3.4 KEY STRATEGIES
22.3.5 KEY STRENGTHS
22.3.6 KEY OPPORTUNITIES
22.4 SHELL PLC
22.4.1 BUSINESS OVERVIEW
22.4.2 SHELL PLC IN GLOBAL ENGINE OIL MARKET
22.4.3 PRODUCT OFFERINGS
22.4.4 KEY STRATEGIES
22.4.5 KEY STRENGTHS
22.4.6 KEY OPPORTUNITIES
22.5 TOTALENERGIES SE
22.5.1 BUSINESS OVERVIEW
22.5.2 TOTALENERGIES IN GLOBAL ENGINE OIL MARKET
22.5.3 PRODUCT OFFERINGS
22.5.4 KEY STRATEGIES
22.5.5 KEY STRENGTHS
22.5.6 KEY OPPORTUNITIES
23 OTHER PROMINENT VENDORS
23.1 BHARAT PETROLEUM CORPORATION LIMITED
23.1.1 BUSINESS OVERVIEW
23.1.2 PRODUCT OFFERINGS
23.2 BP PLC
23.2.1 BUSINESS OVERVIEW
23.2.2 PRODUCT OFFERINGS
23.3 FUCHS PETROLUB SE
23.3.1 BUSINESS OVERVIEW
23.3.2 PRODUCT OFFERINGS
23.4 GAZPROMNEFT - LUBRICANTS LTD.
23.4.1 BUSINESS OVERVIEW
23.4.2 PRODUCT OFFERINGS
23.5 GS CALTEX CORPORATION
23.5.1 BUSINESS OVERVIEW
23.5.2 PRODUCT OFFERINGS
23.6 GULF OIL INTERNATIONAL LIMITED
23.6.1 BUSINESS OVERVIEW
23.6.2 PRODUCT OFFERINGS
23.7 HINDUSTAN PETROLEUM CORPORATION LIMITED
23.7.1 BUSINESS OVERVIEW
23.7.2 PRODUCT OFFERINGS
23.8 IDEMITSU KOSAN CO., LTD.
23.8.1 BUSINESS OVERVIEW
23.8.2 PRODUCT OFFERINGS
23.9 INDIAN OIL CORPORATION LIMITED
23.9.1 BUSINESS OVERVIEW
23.9.2 PRODUCT OFFERINGS
23.10 KUWAIT DANA LUBES COMPANY
23.10.1 BUSINESS OVERVIEW
23.10.2 PRODUCT OFFERINGS
23.11 LIQUI MOLY
23.11.1 BUSINESS OVERVIEW
23.11.2 PRODUCT OFFERINGS
23.12 MOTUL
23.12.1 BUSINESS OVERVIEW
23.12.2 PRODUCT OFFERINGS
23.13 PENNZOIL
23.13.1 BUSINESS OVERVIEW
23.13.2 PRODUCT OFFERINGS
23.14 PETRO-CANADA LUBRICANTS INC.
23.14.1 BUSINESS OVERVIEW
23.14.2 PRODUCT OFFERINGS
23.15 PETROLIAM NASIONAL BERHAD (PETRONAS)
23.15.1 BUSINESS OVERVIEW
23.15.2 PRODUCT OFFERINGS
23.16 PHILLIPS 66 COMPANY
23.16.1 BUSINESS OVERVIEW
23.16.2 PRODUCT OFFERINGS
23.17 RAVENSBERGER SCHMIERSTOFFVERTRIEB GMBH (RAVENOL)
23.17.1 BUSINESS OVERVIEW
23.17.2 PRODUCT OFFERINGS
23.18 REPSOL
23.18.1 BUSINESS OVERVIEW
23.18.2 PRODUCT OFFERINGS
23.19 CHINA PETROCHEMICAL CORPORATION (SINOPEC)
23.19.1 BUSINESS OVERVIEW
23.19.2 PRODUCT OFFERINGS
23.20 VALVOLINE INC.
23.20.1 BUSINESS OVERVIEW
23.20.2 PRODUCT OFFERINGS
24 REPORT SUMMARY
24.1 KEY TAKEAWAYS
24.2 STRATEGIC RECOMMENDATIONS
25 QUANTITATIVE SUMMARY
25.1 OIL TYPE
25.1.1 SEMI SYNTHETIC (VALUE & VOLUME)
25.1.2 FULLY SYNTHETIC (VALUE & VOLUME)
25.1.3 MINERAL (VALUE & VOLUME)
25.2 END-USE
25.2.1 AUTOMOTIVE & TRANSPORTATION (VALUE & VOLUME)
25.2.2 HEAVY EQUIPMENT (VALUE & VOLUME)
25.2.3 POWER GENERATION (VALUE & VOLUME)
25.2.4 OTHERS (VALUE & VOLUME)
26 GEOGRAPHY
26.1 NORTH AMERICA
26.1.1 END-USE (VALUE & VOLUME)
26.1.2 OIL TYPE (VALUE & VOLUME)
26.2 EUROPE
26.2.1 END-USE (VALUE & VOLUME)
26.2.2 OIL TYPE (VALUE & VOLUME)
26.3 APAC
26.3.1 END-USE (VALUE & VOLUME)
26.3.2 OIL TYPE (VALUE & VOLUME)
26.4 LATIN AMERICA
26.4.1 END-USE (VALUE & VOLUME)
26.4.2 OIL TYPE (VALUE & VOLUME)
26.5 MIDDLE EAST & AFRICA
26.5.1 END-USE (VALUE & VOLUME)
26.5.2 OIL TYPE (VALUE & VOLUME)
27 APPENDIX
27.1 ABBREVIATIONS
LIST OF EXHIBITS
EXHIBIT 1 SEGMENTATION OF GLOBAL ENGINE OIL MARKET
EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2021
EXHIBIT 3 IMPACT OF DEMAND FOR PASSENGER CARS IN EMERGING ECONOMIES
EXHIBIT 4 IMPACT OF DEMAND FOR HEAVY EQUIPMENT
EXHIBIT 5 IMPACT OF INCREASING DEMAND FOR HIGH-QUALITY ENGINE OIL
EXHIBIT 6 EMISSION REGULATIONS IN DIFFERENT COUNTRIES
EXHIBIT 7 IMPACT OF INDUSTRIALIZATION OF EMERGING ECONOMIES
EXHIBIT 8 IMPACT OF HIGH DEMAND & PRODUCTION OF ELECTRIC VEHICLES
EXHIBIT 9 IMPACT OF FLUCTUATIONS IN CRUDE OIL PRICES
EXHIBIT 10 GLOBAL ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 11 GLOBAL ENGINE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 12 FIVE FORCES ANALYSIS 2021
EXHIBIT 13 INCREMENTAL GROWTH BY END-USE 2021 & 2027
EXHIBIT 14 INCREMENTAL GROWTH BY END-USE 2021 & 2027
EXHIBIT 15 END-USERS OF ENGINE OIL
EXHIBIT 16 GLOBAL VEHICLE SALES 2020–2021
EXHIBIT 17 GLOBAL ENGINE OIL MARKET BY AUTOMOTIVE & TRANSPORTATION 2021–2027 ($ MILLION)
EXHIBIT 18 GLOBAL ENGINE OIL MARKET BY AUTOMOTIVE & TRANSPORTATION 2021–2027 (KILOTONS)
EXHIBIT 19 GLOBAL ENGINE OIL MARKET BY HEAVY EQUIPMENT 2021–2027 ($ MILLION)
EXHIBIT 20 GLOBAL ENGINE OIL MARKET BY HEAVY EQUIPMENT 2021–2027 (KILOTONS)
EXHIBIT 21 END-USERS OF ENGINE GENSETS
EXHIBIT 22 GLOBAL ENGINE OIL MARKET BY POWER GENERATION 2021–2027 ($ MILLION)
EXHIBIT 23 GLOBAL ENGINE OIL MARKET BY POWER GENERATION 2021–2027 (KILOTONS)
EXHIBIT 24 GLOBAL OTHERS ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 25 GLOBAL OTHERS ENGINE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 26 GLOBAL OTHERS ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (KILOTONS)
EXHIBIT 27 INCREMENTAL GROWTH BY OIL TYPE 2021 & 2027
EXHIBIT 28 INCREMENTAL GROWTH BY OIL TYPE 2021 & 2027
EXHIBIT 29 OIL TYPES
EXHIBIT 30 GLOBAL SEMI-SYNTHETIC ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 31 GLOBAL SEMI-SYNTHETIC ENGINE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 32 COMPOSITION OF FULLY SYNTHETIC OIL
EXHIBIT 33 GLOBAL FULLY SYNTHETIC ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 34 GLOBAL FULLY-SYNTHETIC ENGINE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 35 GLOBAL MINERAL ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 36 GLOBAL MINERAL ENGINE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 37 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027
EXHIBIT 38 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027
EXHIBIT 39 NORTH AMERICA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 40 NORTH AMERICA ENGINE OIL MARKET IN 2021–2027 (KILOTONS)
EXHIBIT 41 INCREMENTAL GROWTH IN NORTH AMERICA 2021 & 2027
EXHIBIT 42 US ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 43 CANADA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 44 LATIN AMERICA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 45 LATIN AMERICA ENGINE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 46 INCREMENTAL GROWTH IN LATIN AMERICA 2021 & 2027
EXHIBIT 47 BRAZIL ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 48 MEXICO ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 49 REST OF LATIN AMERICA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 50 MEA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 51 MEA ENGINE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 52 INCREMENTAL GROWTH IN MEA 2021 & 2027
EXHIBIT 53 SOUTH AFRICA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 54 IRAN ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 55 UAE ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 56 SAUDI ARABIA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 57 REST OF MEA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 58 EUROPE ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 59 EUROPE ENGINE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 60 INCREMENTAL GROWTH IN EUROPE 2021 & 2027
EXHIBIT 61 GERMANY ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 62 FRANCE ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 63 UK ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 64 ITALY ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 65 SPAIN ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 66 RUSSIA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 67 REST OF EUROPE ENGINE OIL MARKET IN 2021–2027 ($ MILLION)
EXHIBIT 68 APAC ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 69 APAC ENGINE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 70 INCREMENTAL GROWTH IN APAC 2021 & 2027
EXHIBIT 71 CHINA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 72 INDIA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 73 JAPAN ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 74 INDONESIA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 75 SOUTH KOREA ENGINE OIL MARKET 2021–2027 ($ MILLION)
EXHIBIT 76 REST OF APAC ENGINE OIL MARKET 2021–2027 ($ MILLION)
LIST OF TABLES
TABLE 1 KEY CAVEATS
TABLE 2 CURRENCY CONVERSION 2015–2021
TABLE 3 VEHICLE SALES DATA
TABLE 4 GLOBAL ENGINE OIL MARKET IN AUTOMOTIVE & TRANSPORTATION BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 5 GLOBAL ENGINE OIL MARKET IN AUTOMOTIVE & TRANSPORTATION BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 6 GLOBAL ENGINE OIL MARKET IN HEAVY EQUIPMENT BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 7 GLOBAL ENGINE OIL MARKET IN HEAVY EQUIPMENT BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 8 GLOBAL ENGINE OIL MARKET IN POWER GENERATION BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 9 GLOBAL ENGINE OIL MARKET IN POWER GENERATION BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 10 GLOBAL OTHERS ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 11 GLOBAL SEMI-SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 12 GLOBAL SEMI-SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 13 GLOBAL FULLY SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 14 GLOBAL FULLY-SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 15 GLOBAL MINERAL ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 16 GLOBAL MINERAL ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 17 NORTH AMERICA ENGINE OIL MARKET BY OIL TYPE 2021–2027 ($ MILLION)
TABLE 18 NORTH AMERICA ENGINE OIL MARKET BY OIL TYPE 2021–2027 (KILOTONS)
TABLE 19 NORTH AMERICA ENGINE OIL MARKET BY END-USE 2021–2027 ($ MILLION)
TABLE 20 NORTH AMERICA ENGINE OIL MARKET BY END-USE 2021–2027 (KILOTONS)
TABLE 21 LATIN AMERICA ENGINE OIL MARKET BY OIL TYPE 2021–2027 ($ MILLION)
TABLE 22 LATIN AMERICA ENGINE OIL MARKET BY OIL TYPE 2021–2027 (KILOTONS)
TABLE 23 LATIN AMERICA ENGINE OIL MARKET BY END-USE 2021–2027 ($ MILLION)
TABLE 24 LATIN AMERICA ENGINE OIL MARKET BY END-USE 2021–2027 (KILOTONS)
TABLE 25 MEA ENGINE OIL MARKET BY OIL TYPE 2021–2027 ($ MILLION)
TABLE 26 MEA ENGINE OIL MARKET BY OIL TYPE 2021–2027 (KILOTONS)
TABLE 27 MEA ENGINE OIL MARKET BY END-USE 2021–2027 ($ MILLION)
TABLE 28 MEA ENGINE OIL MARKET BY END-USE 2021–2027 (KILOTONS)
TABLE 29 EUROPE ENGINE OIL MARKET BY OIL TYPE 2021–2027 ($ MILLION)
TABLE 30 EUROPE ENGINE OIL MARKET BY OIL TYPE 2021–2027 (KILOTONS)
TABLE 31 EUROPE ENGINE OIL MARKET BY END-USE 2021–2027 ($ MILLION)
TABLE 32 EUROPE ENGINE OIL MARKET BY END-USE 2021–2027 (KILOTONS)
TABLE 33 APAC ENGINE OIL MARKET BY OIL TYPE 2021–2027 ($ MILLION)
TABLE 34 APAC ENGINE OIL MARKET BY OIL TYPE 2021–2027 (KILOTONS)
TABLE 35 APAC ENGINE OIL MARKET BY END-USE 2021–2027 ($ MILLION)
TABLE 36 APAC ENGINE OIL MARKET BY END-USE 2021–2027 (KILOTONS)
TABLE 37 CASTROL LIMITED: MAJOR PRODUCT OFFERINGS
TABLE 38 CHEVRON CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 39 EXXON MOBIL CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 40 SHELL PLC: MAJOR PRODUCT OFFERINGS
TABLE 41 TOTAL ENERGIES: MAJOR PRODUCT OFFERINGS
TABLE 42 BHARAT PETROLEUM CORPORATION LIMITED: MAJOR PRODUCT OFFERINGS
TABLE 43 BP PLC: MAJOR PRODUCT OFFERINGS
TABLE 44 FUCHS PETROLUB SE: MAJOR PRODUCT OFFERINGS
TABLE 45 GAZPROMNEFT – LUBRICANTS LTD.: MAJOR PRODUCT OFFERINGS
TABLE 46 GS CALTEX CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 47 GULF OIL INTERNATIONAL LIMITED: MAJOR PRODUCT OFFERINGS
TABLE 48 HINDUSTAN PETROLEUM CORPORATION LIMITED: MAJOR PRODUCT OFFERINGS
TABLE 49 IDEMITSU KOSAN CO., LTD.: MAJOR PRODUCT OFFERINGS
TABLE 50 INDIAN OIL CORPORATION LIMITED: MAJOR PRODUCT OFFERINGS
TABLE 51 KUWAIT DANA LUBES COMPANY: MAJOR PRODUCT OFFERINGS
TABLE 52 LIQUI MOLY.: MAJOR PRODUCT OFFERINGS
TABLE 53 MOTUL: MAJOR PRODUCT OFFERINGS
TABLE 54 PENNZOIL: MAJOR PRODUCT OFFERINGS
TABLE 55 PETRO-CANADA LUBRICANT INC.: MAJOR PRODUCT OFFERINGS
TABLE 56 PETROLIAM NASIONAL BERHAD (PETRONAS): MAJOR PRODUCT OFFERINGS
TABLE 57 PHILLIPS 66 COMPANY: MAJOR PRODUCT OFFERINGS
TABLE 58 RAVENOL: MAJOR PRODUCT OFFERINGS
TABLE 59 REPSOL: MAJOR PRODUCT OFFERINGS
TABLE 60 SINOPEC: MAJOR PRODUCT OFFERINGS
TABLE 61 VALVOLINE INC.: MAJOR PRODUCT OFFERINGS
TABLE 62 GLOBAL SEMI-SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 63 GLOBAL SEMI-SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VALUE)
TABLE 64 GLOBAL SEMI-SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 65 GLOBAL SEMI-SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VOLUME)
TABLE 66 GLOBAL FULLY SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 67 GLOBAL FULLY SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VALUE)
TABLE 68 GLOBAL FULLY SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 69 GLOBAL FULLY SYNTHETIC ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VOLUME)
TABLE 70 GLOBAL MINERAL ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 71 GLOBAL MINERAL ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VALUE)
TABLE 72 GLOBAL MINERAL ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 73 GLOBAL MINERAL ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VOLUME)
TABLE 74 GLOBAL AUTOMOTIVE & TRANSPORTATION ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 75 GLOBAL AUTOMOTIVE & TRANSPORTATION ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VALUE)
TABLE 76 GLOBAL AUTOMOTIVE & TRANSPORTATION ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 77 GLOBAL AUTOMOTIVE & TRANSPORTATION ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VOLUME)
TABLE 78 GLOBAL HEAVY EQUIPMENT ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 79 GLOBAL HEAVY EQUIPMENT ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VALUE)
TABLE 80 GLOBAL HEAVY EQUIPMENT ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 81 GLOBAL HEAVY EQUIPMENT ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VOLUME)
TABLE 82 GLOBAL POWER GENERATION ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 83 GLOBAL POWER GENERATION ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VALUE)
TABLE 84 GLOBAL POWER GENERATION ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 85 GLOBAL POWER GENERATION ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VOLUME)
TABLE 86 GLOBAL OTHERS ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 ($ MILLION)
TABLE 87 GLOBAL OTHERS ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VALUE)
TABLE 88 GLOBAL OTHERS ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (KILOTONS)
TABLE 89 GLOBAL OTHERS ENGINE OIL MARKET BY GEOGRAPHY 2021–2027 (% VOLUME)
TABLE 90 NORTH AMERICA ENGINE OIL MARKET BY END-USE 2021–2027 ($ MILLION)
TABLE 91 NORTH AMERICA ENGINE OIL MARKET BY END-USE 2021–2027 (KILOTONS)
TABLE 92 NORTH AMERICA ENGINE OIL MARKET BY OIL TYPE 2021–2027 ($ MILLION)
TABLE 93 NORTH AMERICA ENGINE OIL MARKET BY OIL TYPE 2021–2027 (KILOTONS)
TABLE 94 EUROPE ENGINE OIL MARKET BY END-USE 2021–2027 ($ MILLION)
TABLE 95 EUROPE ENGINE OIL MARKET BY END-USE 2021–2027 (KILOTONS)
TABLE 96 EUROPE ENGINE OIL MARKET BY OIL TYPE 2021–2027 ($ MILLION)
TABLE 97 EUROPE ENGINE OIL MARKET BY OIL TYPE 2021–2027 (KILOTONS)
TABLE 98 APAC ENGINE OIL MARKET BY END-USE 2021–2027 ($ MILLION)
TABLE 99 APAC ENGINE OIL MARKET BY END-USE 2021–2027 (KILOTONS)
TABLE 100 APAC ENGINE OIL MARKET BY OIL TYPE 2021–2027 ($ MILLION)
TABLE 101 APAC ENGINE OIL MARKET BY OIL TYPE 2021–2027 (KILOTONS)
TABLE 102 LATIN AMERICA ENGINE OIL MARKET BY END-USE 2021–2027 ($ MILLION)
TABLE 103 LATIN AMERICA ENGINE OIL MARKET BY END-USE 2021–2027 (KILOTONS)
TABLE 104 LATIN AMERICA ENGINE OIL MARKET BY OIL TYPE 2021–2027 ($ MILLION)
TABLE 105 LATIN AMERICA ENGINE OIL MARKET BY OIL TYPE 2021–2027 (KILOTONS)
TABLE 106 MIDDLE EAST & AFRICA ENGINE OIL MARKET BY END-USE 2021–2027 ($ MILLION)
TABLE 107 MIDDLE EAST & AFRICA ENGINE OIL MARKET BY END-USE 2021–2027 (KILOTONS)
TABLE 108 MIDDLE EAST & AFRICA ENGINE OIL MARKET BY OIL TYPE 2021–2027 ($ MILLION)
TABLE 109 MIDDLE EAST & AFRICA ENGINE OIL MARKET BY OIL TYPE 2021–2027 (KILOTONS)
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"The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow."
