The global Automotive Engine Oil Market scope was appreciated at US$ 35.67 billion during 2017. It is expected to increase by the projected CAGR of 3.7% from 2019 to 2025 and expected to stretch US$ 48.1 billion by the completion of 2025.
The purpose of engine oil in
vehicles is to decrease metal-to-metal touching base so as to minimalize
general rubbing and decrease impairment. Friction is one of the most important
causes of engine high temperature in automobiles. This creates extra wear and
distorts moving portions of the engine. The oil in automobile engine generates
a thin layer of lubrication on entire metallic portions which offers smooth
movement of the parts above each other, consequently decreasing rubbing.
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Market Synopsis of Automotive Engine Oil Market:
Furthermore, the automotive
engine oil take away minor particles of dirt and additional contaminations
existing in the fuel of automobile. Additionally, it covers the gap between the
cylinder walls and the pistons. Hence the combustion of the fuel takes place,
efficiently. It likewise covers entire moving parts of the automotive engine to
deliver a protective coating counter to corrosion.
Drivers:
Growing manufacture of
automobiles and call for the artificial and conventional products are the
important features motivating this business. The sales of automotive vehicle
have displayed a continuous growth during the previous limited years, mostly in
the Europe and Asia Pacific areas, because of the customer’s increasing
capability of expenditure and rising population.
Growth in demand for goods
transporters from medium, small and micro size enterprises, growing movement
owing to expansion of Satellite Township close to megacities, increasing ambition
of possessing private means of transportation, increasing middle class, growing
per head earnings and emerging set up of surface transport are powering the
automotive engine oil industry in Asia Pacific area. Increasing aftermarket of automobile and
growing culture of Do It Yourself (DIY) in Europe and North America is also
stimulating the development of automotive engine oil in the retail sector of
these two provinces.
Classification:
The global automotive engine oil
market can be classified by Vehicle, Engine, Grade and Region. By type of
Vehicle, it can be classified as: Motorcycles, Light Commercial Vehicles, Heavy
Duty Vehicles, and Passenger Cars. By type of Engine, it can be classified as:
Alternative Fuel, Gasoline, and Diesel. By Grade, it can be classified as:
Fully-synthetic, Semi-synthetic, Mineral. By Region it can be classified as:
North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Automotive Engine Oil:
Market Variables, Trends & Scope
Chapter 4 Automotive Engine Oil:
Product Estimates & Trend Analysis
Chapter 5 Automotive Engine Oil:
Application Estimates & Trend Analysis
Chapter 6 Automotive Engine Oil:
End-use Estimates & Trend Analysis
Chapter 7 Automotive Engine Oil:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Automotive Engine Oil:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Automotive Engine Oil:
Manufacturers Company Profiles
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