Motor oil, engine oil, or engine lubricant is any of various substances comprising base oils enhanced with additives, particularly antiwear additive plus detergents, dispersants and, for multi-grade oils viscosity index improvers. Motor oil is used for lubrication of internal combustion engines. The main function of motor oil is to reduce friction and wear on moving parts and to clean the engine from sludge (one of the functions of dispersants) and varnish (detergents). It also neutralizes acids that originate from fuel and from oxidation of the lubricant (detergents), improves sealing of piston rings, and cools the engine by carrying heat away from moving parts.
The Global Vehicle Motor Oil Market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
In the global Vehicle Motor Oil Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
SHELL
EXXONMOBIL
BP-CASTROL
CNPC
SINOPEC
CHEVRON
TOTAL
SINOLK
FUCHS
COSMO
VALVOLINE
IDEMITSU KOSAN
CONOCOPHILLIPS
PDVSA
REPSOL
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Semi-Synthetic Oil
Synthetic Oil
Ordinary Motor Oil
In Market segmentation by applications :
Automotive Industry
Chemical Industry
Motor Industry
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Vehicle Motor Oil Market for the forecast period 2020 - 2026?
• What are the driving forces in the Vehicle Motor Oil Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Vehicle Motor Oil industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?