The global automotive engine oil market is set to experience substantial growth, driven by the increasing demand for lower viscosity motor oils that improve fuel efficiency. Many OEMs are now recommending these oils to enhance vehicle performance. According to a report from 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 market was valued at USD 36.49 billion in 2018 and is expected to grow to USD 45.66 billion by 2026, at a CAGR of 2.88% during the forecast period.
