Global Engine Oils
Global demand engine oils is expected to grow less than 1.0% per year to 21.7 million metric tons in 2024. Growing vehicle ownership in developing regions and increased trade arising from economic growth will aid demand growth. However, gains will be limited by expanding fill intervals and fill for life equipment, in particular in developed economies.
This report analyzes lubricant demand by market and region in volume terms.
Engine oil demand is provided for the following segments:
Light vehicles
Medium and heavy vehicles
Transportation equipment
Off highway equipment
Motorcycles
Other markets (manufacturing, power generation, oil and gas production)
Engine oil demand is also presented by region:
North America
Central and South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/Mideast
Scope of the report
This report examines the scope, size, and growth of the global engine oils industry in thousand metric tons, and analyzes key trends by market and region. Historical data are provided for 2008, 2014, and 2019 with forecasts for 2024 and 2029. Also provided is an analysis of key industry players and their market shares.
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