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.
Table of Contents
139 Pages
1. Executive Summary
2. About This Report
Report Details
Study Scope & Product Description
Impact of COVID-19 Pandemic
3. Overview
Historical Market Trends
Demand by Region
Demand by Market
Light Vehicles
Medium & Heavy Motor Vehicles
Transportation Equipment
Off-Highway Equipment
Motorcycles
Other Markets
Pricing Trends
Market Share
4. North America
North America: Demand by Country
North America: Demand by Market
United States
Mexico
Canada
5. Central & South America
Central & South America: Demand by Country
Central & South America: Demand by Market
Brazil
Other Central & South America
6. Western Europe
Western Europe: Demand by Country
Western Europe: Demand by Market
Germany
Italy
France
United Kingdom
Spain
Other Western Europe
7. Eastern Europe
Eastern Europe: Demand by Country
Eastern Europe: Demand by Market
Russia
Poland
Other Eastern Europe
8. Asia/Pacific
Asia/Pacific: Demand by Country
Asia/Pacific: Demand by Market
China
India
Japan
Indonesia
South Korea
Thailand
Australia
Taiwan
Other Asia/Pacific
9. Africa/Mideast
Africa/Mideast: Demand by Country
Africa/Mideast: Demand by Market
Saudi Arabia
Egypt
Iran
Turkey
Nigeria
Other Africa/Mideast
10. Appendix
Scope
Definitions
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Country Lists by Region
Macroeconomic Assumptions
Economic Environment
Demographic Trends
List of Tables
2. About This Report
Table 2-1 | Annual Global Engine Oil Demand by Region, 2019 - 2021 (thousand metric tons)
Table 2-2 | Annual Global Engine Oil Demand by Market, 2019 - 2021 (thousand metric tons)
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