The latest report on “Automotive Engine Oil Market (Grades – Mineral, Semi-synthetic, and Synthetic; Type – Gasoline, Diesel, and Alternative Fuel; Vehicle Type – Passenger Cars, Light Commercial Vehicles, Heavy-Duty Vehicles, and Motorcycles): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.”
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Automotive engine oil is used for lubrication of various internal combustion engines. The main function is to lubricate moving parts. It also cleans, inhibits corrosion, improves sealing and cools the engine by carrying heat away from moving parts. Today lots of automotive engine oils are available in the market but some provide the best quality like Bosch automotive engine oil provides excellent protection and quality. Gulf Oil Corporation Ltd. has launched new generation passenger car motor oil such as Gulf MAX Supreme 20W-50, Gulf MAX Supreme 5W-30 & Gulf MAX TD 15W-40. The special feature of these products has been encapsulated as MX 4 technology which offers the benefits of extended engine life, enhanced engine cleanliness, superior engine protection.
Increasing the production of automobiles is the major factor driving the automotive engine oil market. Moreover, the growing demand for goods transportation from medium, small and micro-size enterprises is the factor boosting the automotive engine oil market. Increasing demand for conventional and synthetic products is the factor propelling the automotive engine oil market. Increasing awareness among people is the factor enhancing the automotive engine market.
However, the rising supply of counterfeit engine oil products is the factor hampering the automotive engine oil market. The stringent government regulations regarding the emission and demand for environment-friendly engine oils remain the major restraint to the automotive engine oil market. Furthermore, the growing vehicle sales and its production in developing countries can be challenges for the automotive engine market. Besides, the increasing trend of owning a vehicle provides a major opportunity for the growth of the automotive engine oil market.
Geographically, Asia Pacific is anticipated to hold a prominent share of the global automotive engine oil market. In recent years, China has become the largest hub for the automotive industry. High production and sales of vehicles are the factors driving the automotive engine oil market in the Asia Pacific. Europe is another major region, which is expected to hold a significant share of the global automotive engine oil market. Europe is a leading market of synthetic engine oils owing to the presence of a large number performance vehicle which drives the automotive engine oil market.
The report on the global automotive engine oil market covers segments such as grades, type, and vehicle type. On the basis of grades, the sub-markets include mineral, semi-synthetic, and synthetic. On the basis of type, the sub-markets include gasoline, diesel, and alternative fuel. On the basis of vehicle type, the sub-markets include passenger cars, light commercial vehicles, heavy-duty vehicles, and motorcycles.
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The report provides profiles of the companies in the market such as Castrol Limited, Royal Dutch Shell plc, Leo Lubricants Pvt. Ltd., Pentagon Lubricants Private Limited, DANA Lubricants Factory LLC, HINDUJA GROUP, GP Petroleums Ltd., Valvoline Inc., Würth Group, Exxon Mobil Corporation and Other Companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the automotive engine oil.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.