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The Business Research Company offers automotive engine oil market research report 2023 with industry size, share, segments and market growth
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Automotive Engine Oil Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Automotive Engine Oil Market Segments The Business Research Company segments it’s automotive engine oil market report as: Mineral, Synthetic, Semi-Synthetic By Grade By Engine Gasoline, Diesel, Alternative Fuel Premium Conventional Engine Oil, Full Synthetic Engine Oil, Synthetic Blend Engine Oil, Higher Mileage Engine Oil By Technology By Application Passenger Vehicles, LCV, HCV, Two-Wheelers
Market Statistics The global automotive engine oil market size grew from $38.61 billion in 2022 to $38.22 billion in 2023 at a compound annual growth rate (CAGR) of -1.0%. The automotive engine oil market size is expected to grow to $44.62 billion in 2027 at a CAGR of 3.9%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers The increasing demand for carrier vehicles from small and medium scale enterprises is significantly driving the growth of the automotive engine oil market. Trends Advancements in technology have emerged as the key trend gaining popularity in the automotive engine oil market. • Region Asia-Pacific was the largest region in the automotive engine oil market in 2022. The regions covered in the automotive engine oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Key Market Players • Major players in the automotive engine oil market are: • Exxon Mobil Corporation • ValvolineInc • Fuchs Petrolub SE • Castrol • Shell PLC • And more. Get More Information On The Automotive Engine Oil Market Report
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