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Engine oil are essential part of automotive industry which gives fuel efficiency and high vehicle performance. The automotive engine oil market is gaining momentum owing to research and development in automotive industry by large players.
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Automotive Engine Oil Market Forecast From 2020 to 2050
DESCRIPTION The global automotive engine oil market is projected to grow at a CAGR of 5.39% to reach US$12.866 billion by 2025, from US$9.391 billion in 2019. Engine oil is used to lubricate the internal combustion engine. Its basic function is to cool the engine, prevent the wear and tear, reduce friction on the moving parts and to clean the engine of sludge. Three types of engine oils commonly used for vehicles; synthetic, synthetic blend and conventional.
Key Questions Answered By The Report • What will be the Automotive Engine Oil Market Size from 2020 to 2025? • How are the major drivers and restraints affecting the Automotive Engine Oil Market • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Automotive Engine Oil Market • Reports Are As Below: • By Type • Synthetic Oil • Synthetic Blend Oil • Conventional Oil • By Engine Type • Petrol • Diesel • By Vehicle Type • Passenger Vehicle • Commercial Vehicle • By Sales Channel • Online • Offline
Geography • North America • South America • Europe • Middle East and Africa • Asia Pacific
COMPANY PROFILES • Shell • BP plc. • Motul • Total • Petroliam NasionalBerhad (PETRONAS) • Exxon Mobil Corporation • Valvoline • Repsol • Chevron Corporation • Calumet Branded Products • ACDelco
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