Study #: 4017 | Published: 03/2021 | Pages: 139 | Individual User License: US$ 3,900

Global demand for engine oils is expected to grow at an average pace of less than 1.0% per year to 21.5 million metric tons in 2024, a deceleration from the pace set during the 2014-2019 period. The main factors that will boost demand for engine oils are:

  • economic growth and the related increases in shipping, which will support demand for both industrial (marine, railroad) and automotive (medium- and heavy-duty vehicles) engine oils
  • growing personal incomes enabling wider motor vehicle ownership

However, improved engine technologies – which continue to extend drain intervals – in developed regions, as well as rising sales of electric vehicles that do not require engine oils, will limit faster gains.

Asia/Pacific Region to Offer Best Opportunities

In 2019, the Asia/Pacific market accounted for 42% of global engine oil demand. This level is boosted by:

  • the largest motor vehicle parcs in the world
  • high levels of maritime trade
  • significant construction, agriculture, and mining industries

Through 2024, demand in the region is forecast to expand an average of 1.1% yearly to 9.4 million metric tons. While increasing vehicle ownership will support demand in countries such as China, India, and Indonesia, market maturity in Japan will limit stronger gains.

Motorcycles Will See the Fastest Gains by Market

The motorcycle market is projected to see the fastest gains of any market, growing 3.7% yearly to 1.4 million metric tons. A global acceleration in ICE motorcycle production and continued gains in ICE motorcycle parc, most notably in the Asia/Pacific region, will support market expansion. However, further gains will be restrained by significant growth in sales of electric models, which do not require engine oils, and lengthening drain intervals.


Our Simple Buying Process

Add This Study To Your Cart.

Register, Checkout and
Verify Payment.

Your Report Is Available.

Table of Contents

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)

3. Overview

Table 3-1 | Global Engine Oil Demand, 2009 - 2019 (thousand metric tons)

Table 3-2 | Global Engine Oil Demand by Region, 2009 - 2029 (thousand metric tons)

Table 3-3 | Global Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 3-4 | Light Vehicle Engine Oil Demand by Region, 2009 - 2029 (thousand metric tons)

Table 3-5 | Medium & Heavy Vehicle Engine Oil Demand by Region, 2009 - 2029 (thousand metric tons)

Table 3-6 | Transportation Equipment Engine Oil Demand by Region, 2009 - 2029 (thousand metric tons)

Table 3-7 | Off-Highway Equipment Engine Oil Demand by Region, 2009 - 2029 (thousand metric tons)

Table 3-8 | Motorcycle Engine Oil Demand by Region, 2009 - 2029 (thousand metric tons)

Table 3-9 | Other Engine Oil Markets Demand by Region, 2009 - 2029 (thousand metric tons)

4. North America

Table 4-1 | North America: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Table 4-2 | North America: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 4-3 | United States: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 4-4 | Mexico: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 4-5 | Canada: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

5. Central & South America

Table 5-1 | Central & South America: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Table 5-2 | Central & South America: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 5-3 | Brazil: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 5-4 | Other Central & South America: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

6. Western Europe

Table 6-1 | Western Europe: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Table 6-2 | Western Europe: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-3 | Germany: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-4 | Italy: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-5 | France: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-6 | United Kingdom: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-7 | Spain: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-8 | Other Western Europe: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

7. Eastern Europe

Table 7-1 | Eastern Europe: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Table 7-2 | Eastern Europe: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 7-3 | Russia: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 7-4 | Poland: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 7-5 | Other Eastern Europe: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

8. Asia/Pacific

Table 8-1 | Asia/Pacific: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Table 8-2 | Asia/Pacific: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-3 | China: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-4 | India: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-5 | Japan: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-6 | Indonesia: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-7 | South Korea: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-8 | Thailand: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-9 | Australia: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-10 | Taiwan: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-11 | Other Asia/Pacific: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

9. Africa/Mideast

Table 9-1 | Africa/Mideast: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Table 9-2 | Africa/Mideast: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 9-3 | Saudi Arabia: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 9-4 | Egypt: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 9-5 | Iran: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 9-6 | Turkey: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 9-7 | Nigeria: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Table 9-8 | Other Africa/Mideast: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

10. Appendix

Table 10-1 | Relevant Industry Codes

Table 10-2 | Relevant HS Codes

Table 10-3 | Relevant NACE Codes

Table 10-4 | Countries in North America

Table 10-5 | Countries in Central & South America

Table 10-6 | Countries in Western Europe

Table 10-7 | Countries in Eastern Europe

Table 10-8 | Countries in the Asia/Pacific Region

Table 10-9 | Countries in the Africa/Mideast Region

Table 10-10 | Global Gross Domestic Product by Region & Country, 2009 - 2029 (billion 2018 dollars)

Table 10-11 | Global Population by Region & Country, 2009 - 2029 (million persons)


List of Figures

1. Executive Summary

Figure 1-1 | Global Engine Oils Market Outlook

2. About This Report

Figure 2-1 | Annual Global Engine Oil Demand Growth, 2018 - 2024 (percent annual growth)

3. Overview

Figure 3-1 | Global Engine Oil Demand, 2009 - 2019 (thousand metric tons)

Figure 3-2 | Global Engine Oil Demand Growth by Region, 2014 - 2024 (% CAGR)

Figure 3-3 | Global Engine Oil Demand Growth by Market, 2014 - 2024 (% CAGR)

4. North America

Figure 4-1 | North America: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 4-2 | United States: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 4-3 | Mexico: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 4-4 | Canada: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

5. Central & South America

Figure 5-1 | Central & South America: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 5-2 | Brazil: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 5-3 | Other Central & South America: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

6. Western Europe

Figure 6-1 | Western Europe: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 6-2 | Germany: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 6-3 | Italy: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 6-4 | France: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 6-5 | United Kingdom: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 6-6 | Spain: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 6-7 | Other Western Europe: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

7. Eastern Europe

Figure 7-1 | Eastern Europe: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 7-2 | Russia: Engine Oil Market, 2009 - 2029 (thousand metric tons)

Figure 7-3 | Poland: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 7-4 | Other Eastern Europe: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

8. Asia/Pacific

Figure 8-1 | Asia/Pacific: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 8-2 | China: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 8-3 | India: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 8-4 | Japan: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 8-5 | Indonesia: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 8-6 | South Korea: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 8-7 | Thailand: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 8-8 | Australia: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 8-9 | Taiwan: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 8-10 | Other Asia/Pacific: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

9. Africa/Mideast

Figure 9-1 | Africa/Mideast: Engine Oil Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 9-2 | Saudi Arabia: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 9-3 | Egypt: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 9-4 | Iran: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 9-5 | Turkey: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 9-6 | Nigeria: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

Figure 9-7 | Other Africa/Mideast: Engine Oil Demand by Market, 2009 - 2029 (thousand metric tons)

10. Appendix


© by The Freedonia Group, a division of MarketResearch.com