Industry: Chemical & Material
Published Date: 2025-02-24
Pages: 141 Pages
Report ld: 4210284
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Engine Oils Market Size(US$)

CAGR 2025-2031
1.4%
Market Size,2031
USD 36,040
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Engine Oils was estimated to be worth US$ 32740 million in 2024 and is forecast to a readjusted size of US$ 36040 million by 2031 with a CAGR of 1.4% during the forecast period 2025-2031.
Motor oil, engine oil, or engine lubricant is any one of various substances that consist of base oils enhanced with various additives, particularly antiwear additives, detergents, dispersants, and, for multi-grade oils, viscosity index improvers. Motor oil is used for lubrication of internal combustion engines. The main function of motor oil is to reduce friction and wear on moving parts and to clean the engine from sludge (one of the functions of dispersants) and varnish (detergents). It also neutralizes acids that originate from fuel and from oxidation of the lubricant (detergents), improves sealing of piston rings, and cools the engine by carrying heat away from moving parts.
Global key players of Engine Oil are Shell, Exxon Mobil, BP, etc. Among them, Shell is the biggest manufacturer with a share 15 %. North America, Europe, Asia-Pacific occupy most of market share. Each of them takes more than 30%, while Middle East and Africa takes only 3%.
This report aims to provide a comprehensive presentation of the global market for Engine Oils, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Engine Oils by region & country, by Type, and by Application.
The Engine Oils market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Engine Oils.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Engine Oils manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Engine Oils in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Engine Oils in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
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We unpack rivals’ operation strategies for scattered and highly concentrated industries.
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TABLE OF CONTENTS
1 Market Overview
1.1 Engine Oils Product Introduction
1.2 Global Engine Oils Market Size Forecast
1.2.1 Global Engine Oils Sales Value (2020-2031)
1.2.2 Global Engine Oils Sales Volume (2020-2031)
1.2.3 Global Engine Oils Sales Price (2020-2031)
1.3 Engine Oils Market Trends & Drivers
1.3.1 Engine Oils Industry Trends
1.3.2 Engine Oils Market Drivers & Opportunity
1.3.3 Engine Oils Market Challenges
1.3.4 Engine Oils Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Engine Oils Players Revenue Ranking (2024)
2.2 Global Engine Oils Revenue by Company (2020-2025)
2.3 Global Engine Oils Players Sales Volume Ranking (2024)
2.4 Global Engine Oils Sales Volume by Company Players (2020-2025)
2.5 Global Engine Oils Average Price by Company (2020-2025)
2.6 Key Manufacturers Engine Oils Manufacturing Base and Headquarters
2.7 Key Manufacturers Engine Oils Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Engine Oils
2.9 Engine Oils Market Competitive Analysis
2.9.1 Engine Oils Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Engine Oils Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Engine Oils as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Single-grade
3.1.2 Multi-grade
3.2 Global Engine Oils Sales Value by Type
3.2.1 Global Engine Oils Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Engine Oils Sales Value, by Type (2020-2031)
3.2.3 Global Engine Oils Sales Value, by Type (%) (2020-2031)
3.3 Global Engine Oils Sales Volume by Type
3.3.1 Global Engine Oils Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Engine Oils Sales Volume, by Type (2020-2031)
3.3.3 Global Engine Oils Sales Volume, by Type (%) (2020-2031)
3.4 Global Engine Oils Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Automotive
4.1.2 Industrial
4.2 Global Engine Oils Sales Value by Application
4.2.1 Global Engine Oils Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Engine Oils Sales Value, by Application (2020-2031)
4.2.3 Global Engine Oils Sales Value, by Application (%) (2020-2031)
4.3 Global Engine Oils Sales Volume by Application
4.3.1 Global Engine Oils Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Engine Oils Sales Volume, by Application (2020-2031)
4.3.3 Global Engine Oils Sales Volume, by Application (%) (2020-2031)
4.4 Global Engine Oils Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Engine Oils Sales Value by Region
5.1.1 Global Engine Oils Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Engine Oils Sales Value by Region (2020-2025)
5.1.3 Global Engine Oils Sales Value by Region (2026-2031)
5.1.4 Global Engine Oils Sales Value by Region (%), (2020-2031)
5.2 Global Engine Oils Sales Volume by Region
5.2.1 Global Engine Oils Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Engine Oils Sales Volume by Region (2020-2025)
5.2.3 Global Engine Oils Sales Volume by Region (2026-2031)
5.2.4 Global Engine Oils Sales Volume by Region (%), (2020-2031)
5.3 Global Engine Oils Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Engine Oils Sales Value, 2020-2031
5.4.2 North America Engine Oils Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Engine Oils Sales Value, 2020-2031
5.5.2 Europe Engine Oils Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Engine Oils Sales Value, 2020-2031
5.6.2 Asia Pacific Engine Oils Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Engine Oils Sales Value, 2020-2031
5.7.2 South America Engine Oils Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Engine Oils Sales Value, 2020-2031
5.8.2 Middle East & Africa Engine Oils Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Engine Oils Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Engine Oils Sales Value
6.2.1 Key Countries/Regions Engine Oils Sales Value, 2020-2031
6.2.2 Key Countries/Regions Engine Oils Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Engine Oils Sales Value, 2020-2031
6.3.2 United States Engine Oils Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Engine Oils Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Engine Oils Sales Value, 2020-2031
6.4.2 Europe Engine Oils Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Engine Oils Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Engine Oils Sales Value, 2020-2031
6.5.2 China Engine Oils Sales Value by Type (%), 2024 VS 2031
6.5.3 China Engine Oils Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Engine Oils Sales Value, 2020-2031
6.6.2 Japan Engine Oils Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Engine Oils Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Engine Oils Sales Value, 2020-2031
6.7.2 South Korea Engine Oils Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Engine Oils Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Engine Oils Sales Value, 2020-2031
6.8.2 Southeast Asia Engine Oils Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Engine Oils Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Engine Oils Sales Value, 2020-2031
6.9.2 India Engine Oils Sales Value by Type (%), 2024 VS 2031
6.9.3 India Engine Oils Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Shell
7.1.1 Shell Company Information
7.1.2 Shell Introduction and Business Overview
7.1.3 Shell Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Shell Engine Oils Product Offerings
7.1.5 Shell Recent Development
7.2 Exxon Mobil
7.2.1 Exxon Mobil Company Information
7.2.2 Exxon Mobil Introduction and Business Overview
7.2.3 Exxon Mobil Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Exxon Mobil Engine Oils Product Offerings
7.2.5 Exxon Mobil Recent Development
7.3 BP
7.3.1 BP Company Information
7.3.2 BP Introduction and Business Overview
7.3.3 BP Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 BP Engine Oils Product Offerings
7.3.5 BP Recent Development
7.4 Total Lubricants
7.4.1 Total Lubricants Company Information
7.4.2 Total Lubricants Introduction and Business Overview
7.4.3 Total Lubricants Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Total Lubricants Engine Oils Product Offerings
7.4.5 Total Lubricants Recent Development
7.5 Axel Christiernsson
7.5.1 Axel Christiernsson Company Information
7.5.2 Axel Christiernsson Introduction and Business Overview
7.5.3 Axel Christiernsson Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Axel Christiernsson Engine Oils Product Offerings
7.5.5 Axel Christiernsson Recent Development
7.6 Chevron
7.6.1 Chevron Company Information
7.6.2 Chevron Introduction and Business Overview
7.6.3 Chevron Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Chevron Engine Oils Product Offerings
7.6.5 Chevron Recent Development
7.7 FUCHS
7.7.1 FUCHS Company Information
7.7.2 FUCHS Introduction and Business Overview
7.7.3 FUCHS Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 FUCHS Engine Oils Product Offerings
7.7.5 FUCHS Recent Development
7.8 LUKOIL
7.8.1 LUKOIL Company Information
7.8.2 LUKOIL Introduction and Business Overview
7.8.3 LUKOIL Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 LUKOIL Engine Oils Product Offerings
7.8.5 LUKOIL Recent Development
7.9 SKF
7.9.1 SKF Company Information
7.9.2 SKF Introduction and Business Overview
7.9.3 SKF Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 SKF Engine Oils Product Offerings
7.9.5 SKF Recent Development
7.10 JX Nippon Oil & Energy Corporation
7.10.1 JX Nippon Oil & Energy Corporation Company Information
7.10.2 JX Nippon Oil & Energy Corporation Introduction and Business Overview
7.10.3 JX Nippon Oil & Energy Corporation Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 JX Nippon Oil & Energy Corporation Engine Oils Product Offerings
7.10.5 JX Nippon Oil & Energy Corporation Recent Development
7.11 Petro-Canada
7.11.1 Petro-Canada Company Information
7.11.2 Petro-Canada Introduction and Business Overview
7.11.3 Petro-Canada Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Petro-Canada Engine Oils Product Offerings
7.11.5 Petro-Canada Recent Development
7.12 Indian Oil Corporation
7.12.1 Indian Oil Corporation Company Information
7.12.2 Indian Oil Corporation Introduction and Business Overview
7.12.3 Indian Oil Corporation Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Indian Oil Corporation Engine Oils Product Offerings
7.12.5 Indian Oil Corporation Recent Development
7.13 Quaker Chemical
7.13.1 Quaker Chemical Company Information
7.13.2 Quaker Chemical Introduction and Business Overview
7.13.3 Quaker Chemical Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Quaker Chemical Engine Oils Product Offerings
7.13.5 Quaker Chemical Recent Development
7.14 Southwestern Petroleum Corporation
7.14.1 Southwestern Petroleum Corporation Company Information
7.14.2 Southwestern Petroleum Corporation Introduction and Business Overview
7.14.3 Southwestern Petroleum Corporation Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Southwestern Petroleum Corporation Engine Oils Product Offerings
7.14.5 Southwestern Petroleum Corporation Recent Development
7.15 Klüber
7.15.1 Klüber Company Information
7.15.2 Klüber Introduction and Business Overview
7.15.3 Klüber Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Klüber Engine Oils Product Offerings
7.15.5 Klüber Recent Development
7.16 Dow Corning
7.16.1 Dow Corning Company Information
7.16.2 Dow Corning Introduction and Business Overview
7.16.3 Dow Corning Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Dow Corning Engine Oils Product Offerings
7.16.5 Dow Corning Recent Development
7.17 Sinopec
7.17.1 Sinopec Company Information
7.17.2 Sinopec Introduction and Business Overview
7.17.3 Sinopec Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Sinopec Engine Oils Product Offerings
7.17.5 Sinopec Recent Development
7.18 CNPC
7.18.1 CNPC Company Information
7.18.2 CNPC Introduction and Business Overview
7.18.3 CNPC Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 CNPC Engine Oils Product Offerings
7.18.5 CNPC Recent Development
7.19 CNOOC
7.19.1 CNOOC Company Information
7.19.2 CNOOC Introduction and Business Overview
7.19.3 CNOOC Engine Oils Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 CNOOC Engine Oils Product Offerings
7.19.5 CNOOC Recent Development
8 Industry Chain Analysis
8.1 Engine Oils Industrial Chain
8.2 Engine Oils Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Engine Oils Sales Model
8.5.2 Sales Channel
8.5.3 Engine Oils Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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