Industry: Chemical & Material
Published Date: 2025-02-24
Pages: 102 Pages
Report ld: 4216934
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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 Engine Oils market size was 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%.
The global Engine Oils market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Engine Oils market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Sales and revenue of Engine Oils in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region.
Chapter 3: Detailed analysis of Engine Oils manufacturers competitive landscape, sales, revenue, price, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the sales, revenue, price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the sales, revenue, price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Region analysis by company, by customer, by Type, by Application, sales, revenue, and price for each segment,
Chapter 7: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Engine Oils revenue, gross margin, and recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Sales channels analysis
Chapter 10: Introduces 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 11: The main points and conclusions of the report.
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.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Engine Oils Product Scope
1.2 Engine Oils by Type
1.2.1 Global Engine Oils Sales by Type (2020 & 2024 & 2031)
1.2.2 Single-grade
1.2.3 Multi-grade
1.3 Engine Oils by Application
1.3.1 Global Engine Oils Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Automotive
1.3.3 Industrial
1.4 Global Engine Oils Market Estimates and Forecasts (2020-2031)
1.4.1 Global Engine Oils Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Engine Oils Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Engine Oils Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Engine Oils Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Engine Oils Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Engine Oils Sales Market Share by Region (2020-2025)
2.2.2 Global Engine Oils Revenue Market Share by Region (2020-2025)
2.3 Global Engine Oils Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Engine Oils Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Engine Oils Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Engine Oils Market Size and Prospective (2020-2031)
2.4.2 Europe Engine Oils Market Size and Prospective (2020-2031)
2.4.3 China Engine Oils Market Size and Prospective (2020-2031)
2.4.4 Japan Engine Oils Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Engine Oils Historic Market Review by Type (2020-2025)
3.1.1 Global Engine Oils Sales by Type (2020-2025)
3.1.2 Global Engine Oils Revenue by Type (2020-2025)
3.1.3 Global Engine Oils Price by Type (2020-2025)
3.2 Global Engine Oils Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Engine Oils Sales Forecast by Type (2026-2031)
3.2.2 Global Engine Oils Revenue Forecast by Type (2026-2031)
3.2.3 Global Engine Oils Price Forecast by Type (2026-2031)
3.3 Different Types Engine Oils Representative Players
4 Global Market Size by Application
4.1 Global Engine Oils Historic Market Review by Application (2020-2025)
4.1.1 Global Engine Oils Sales by Application (2020-2025)
4.1.2 Global Engine Oils Revenue by Application (2020-2025)
4.1.3 Global Engine Oils Price by Application (2020-2025)
4.2 Global Engine Oils Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Engine Oils Sales Forecast by Application (2026-2031)
4.2.2 Global Engine Oils Revenue Forecast by Application (2026-2031)
4.2.3 Global Engine Oils Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Engine Oils Application
5 Competition Landscape by Players
5.1 Global Engine Oils Sales by Players (2020-2025)
5.2 Global Top Engine Oils Players by Revenue (2020-2025)
5.3 Global Engine Oils Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Engine Oils as of 2024)
5.4 Global Engine Oils Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Engine Oils, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Engine Oils, Product Type & Application
5.7 Global Key Manufacturers of Engine Oils, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Engine Oils Sales by Company
6.1.1.1 North America Engine Oils Sales by Company (2020-2025)
6.1.1.2 North America Engine Oils Revenue by Company (2020-2025)
6.1.2 North America Engine Oils Sales Breakdown by Type (2020-2025)
6.1.3 North America Engine Oils Sales Breakdown by Application (2020-2025)
6.1.4 North America Engine Oils Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Engine Oils Sales by Company
6.2.1.1 Europe Engine Oils Sales by Company (2020-2025)
6.2.1.2 Europe Engine Oils Revenue by Company (2020-2025)
6.2.2 Europe Engine Oils Sales Breakdown by Type (2020-2025)
6.2.3 Europe Engine Oils Sales Breakdown by Application (2020-2025)
6.2.4 Europe Engine Oils Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Engine Oils Sales by Company
6.3.1.1 China Engine Oils Sales by Company (2020-2025)
6.3.1.2 China Engine Oils Revenue by Company (2020-2025)
6.3.2 China Engine Oils Sales Breakdown by Type (2020-2025)
6.3.3 China Engine Oils Sales Breakdown by Application (2020-2025)
6.3.4 China Engine Oils Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Engine Oils Sales by Company
6.4.1.1 Japan Engine Oils Sales by Company (2020-2025)
6.4.1.2 Japan Engine Oils Revenue by Company (2020-2025)
6.4.2 Japan Engine Oils Sales Breakdown by Type (2020-2025)
6.4.3 Japan Engine Oils Sales Breakdown by Application (2020-2025)
6.4.4 Japan Engine Oils Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Shell
7.1.1 Shell Company Information
7.1.2 Shell Business Overview
7.1.3 Shell Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Shell Engine Oils Products Offered
7.1.5 Shell Recent Development
7.2 Exxon Mobil
7.2.1 Exxon Mobil Company Information
7.2.2 Exxon Mobil Business Overview
7.2.3 Exxon Mobil Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Exxon Mobil Engine Oils Products Offered
7.2.5 Exxon Mobil Recent Development
7.3 BP
7.3.1 BP Company Information
7.3.2 BP Business Overview
7.3.3 BP Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.3.4 BP Engine Oils Products Offered
7.3.5 BP Recent Development
7.4 Total Lubricants
7.4.1 Total Lubricants Company Information
7.4.2 Total Lubricants Business Overview
7.4.3 Total Lubricants Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Total Lubricants Engine Oils Products Offered
7.4.5 Total Lubricants Recent Development
7.5 Axel Christiernsson
7.5.1 Axel Christiernsson Company Information
7.5.2 Axel Christiernsson Business Overview
7.5.3 Axel Christiernsson Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Axel Christiernsson Engine Oils Products Offered
7.5.5 Axel Christiernsson Recent Development
7.6 Chevron
7.6.1 Chevron Company Information
7.6.2 Chevron Business Overview
7.6.3 Chevron Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Chevron Engine Oils Products Offered
7.6.5 Chevron Recent Development
7.7 FUCHS
7.7.1 FUCHS Company Information
7.7.2 FUCHS Business Overview
7.7.3 FUCHS Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.7.4 FUCHS Engine Oils Products Offered
7.7.5 FUCHS Recent Development
7.8 LUKOIL
7.8.1 LUKOIL Company Information
7.8.2 LUKOIL Business Overview
7.8.3 LUKOIL Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.8.4 LUKOIL Engine Oils Products Offered
7.8.5 LUKOIL Recent Development
7.9 SKF
7.9.1 SKF Company Information
7.9.2 SKF Business Overview
7.9.3 SKF Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.9.4 SKF Engine Oils Products Offered
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 Business Overview
7.10.3 JX Nippon Oil & Energy Corporation Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.10.4 JX Nippon Oil & Energy Corporation Engine Oils Products Offered
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 Business Overview
7.11.3 Petro-Canada Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Petro-Canada Engine Oils Products Offered
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 Business Overview
7.12.3 Indian Oil Corporation Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Indian Oil Corporation Engine Oils Products Offered
7.12.5 Indian Oil Corporation Recent Development
7.13 Quaker Chemical
7.13.1 Quaker Chemical Company Information
7.13.2 Quaker Chemical Business Overview
7.13.3 Quaker Chemical Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Quaker Chemical Engine Oils Products Offered
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 Business Overview
7.14.3 Southwestern Petroleum Corporation Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.14.4 Southwestern Petroleum Corporation Engine Oils Products Offered
7.14.5 Southwestern Petroleum Corporation Recent Development
7.15 Klüber
7.15.1 Klüber Company Information
7.15.2 Klüber Business Overview
7.15.3 Klüber Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.15.4 Klüber Engine Oils Products Offered
7.15.5 Klüber Recent Development
7.16 Dow Corning
7.16.1 Dow Corning Company Information
7.16.2 Dow Corning Business Overview
7.16.3 Dow Corning Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.16.4 Dow Corning Engine Oils Products Offered
7.16.5 Dow Corning Recent Development
7.17 Sinopec
7.17.1 Sinopec Company Information
7.17.2 Sinopec Business Overview
7.17.3 Sinopec Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.17.4 Sinopec Engine Oils Products Offered
7.17.5 Sinopec Recent Development
7.18 CNPC
7.18.1 CNPC Company Information
7.18.2 CNPC Business Overview
7.18.3 CNPC Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.18.4 CNPC Engine Oils Products Offered
7.18.5 CNPC Recent Development
7.19 CNOOC
7.19.1 CNOOC Company Information
7.19.2 CNOOC Business Overview
7.19.3 CNOOC Engine Oils Sales, Revenue and Gross Margin (2020-2025)
7.19.4 CNOOC Engine Oils Products Offered
7.19.5 CNOOC Recent Development
8 Engine Oils Manufacturing Cost Analysis
8.1 Engine Oils Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Engine Oils
8.4 Engine Oils Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Engine Oils Distributors List
9.3 Engine Oils Customers
10 Engine Oils Market Dynamics
10.1 Engine Oils Industry Trends
10.2 Engine Oils Market Drivers
10.3 Engine Oils Market Challenges
10.4 Engine Oils Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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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.
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Published Date: 2024-01-24
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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.
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The global Engine Oils market is projected to grow from US$ 32740 million in 2024 to US$ 36040 million by 2031, at a CAGR of 1.4% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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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.
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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.
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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.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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