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The United Kingdom automotive engine oils market size reached approximately USD 1.44 billion in 2023. The market is further projected to grow at a CAGR of 3.4% between 2024 and 2032, reaching a value of USD 1.95 billion by 2032.
Automotive engine oil, often known as motor oil is an engine lubricant that consists of base oils along with anti-wear additives, viscosity index improvers, and dispersants, among others. The oil is used for cleaning, protecting, cooling, and reducing friction in the engines.
Based on grade, the market is divided into mineral, semi-synthetic, and fully-synthetic. By engine type, the market is categorised into gasoline, diesel, and alternative fuels. On the basis of vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy-duty vehicles.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United Kingdom automotive engine oils market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Diesel engines are anticipate to account for a significant United Kingdom automotive engine oils market share. The low cost and high efficiency offered by diesel engines is a major factor for rising use of diesel run vehicles by the consumers all across United Kingdom. Diesel engine oil also have anti-wear resistance property which prevents the vehicle’s parts from wearing off easily. Moreover, the presence of catalytic converter in diesel which is capable of dealing with corrosion related issue further enhances the growth of the diesel segment in the market.
Passenger cars are expected to account for a significant share of the market owing to the growing urbanisation and rising disposable income of the consumers in United Kingdom. The increasing travel and tourism activities and recreational outings have boosted the demand for sport utility vehicles. Moreover, the growing preference for vehicle ownership among the regional population is supporting the segment expansion and United Kingdom automotive engine oils market growth.
Exxon Mobil Corporation was founded in 1999 and is headquartered in Texas, United States. The natural gas company supplies fuels and chemicals such as petroleum, natural gas, nuclear fuels, and coal to consumers around the globe.
Exol Lubricants Limited is a chemical manufacturing company that was founded in 1984 and is headquartered in West Midland, England. The company is known for manufacturing a range of lubricants and associated products for automotive, industrial, and off-highway applications.
BP p.l.c. was established in 1909 and has its headquarters located in London, United Kingdom. The multinational oil and gas company is engaged in the manufacture of various chemicals, synthetic fibres, and plastics.
Other United Kingdom automotive engine oils market key players include Chevron Corporation, Shell International B.V., Fuchs Group, TotalEnergies S.E., Liqui Moly GmbH, Motul S.A., and Moove Lubricants Limited, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Grade |
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Breakup by Engine Type |
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Breakup by Vehicle Type |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 1.44 billion in 2023.
The market is projected to grow at a CAGR of 3.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.95 billon by 2032.
The major market drivers include rising environmental concerns and growth of the automotive sector.
The key trends fuelling the growth of the market include rising disposable income, development of advanced engine technologies, and stringent emission standards.
The major vehicle types include passenger cars, light commercial vehicles, and heavy-duty vehicles.
The significant grades include mineral, semi-synthetic, and fully-synthetic.
The key players in the market are Exxon Mobil Corporation, Exol Lubricants Limited, BP p.l.c., Chevron Corporation, Shell International B.V., Fuchs Group, TotalEnergies S.E., Liqui Moly GmbH, Motul S.A., and Moove Lubricants Limited, among others.
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