Tag: Automotive Engine Oil Market

Global Automotive Engine Oil Market Poised for Robust Growth The global automotive engine oil market is set to experience substantial growth, driven by the increasing preference for lower viscosity motor oils that enhance fuel efficiency. Many Original Equipment Manufacturers (OEMs) are now recommending these oils to optimize vehicle performance. This trend is highlighted in a recent report by Fortune Business Insights™ titled “Automotive Engine Oil Market Size, Share & Industry Analysis, By Grade (Mineral, Synthetic, and Semi-synthetic), By Engine Type (Diesel, Petrol, Alternative Fuel), By Application Area (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Two-Wheeler, and Other), and Regional Forecast, 2019-2026.” According to the report, the auto...

The global automotive engine oil market is poised for significant growth due to the rising demand for lower viscosity motor oils, which enhance fuel efficiency. Several OEMs are now recommending these oils to improve vehicle performance. This information was highlighted in a recent report by Fortune Business Insights™, titled, “Automotive Engine Oil Market Size, Share & Industry Analysis, By Grade (Mineral, Synthetic, and Semi-synthetic), By Engine Type (Diesel, Petrol, Alternative Fuel), By Application Area (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Two-Wheeler, and Other), and Regional Forecast, 2019-2026.” The report further notes that the automotive engine oil market was valued at USD 36.49 billion in 2018 and is projected to reach USD 45.66...