World’s Top 40 Companies in Engine Oils Market 2025: Watchlist Statistical Report (2024–2035)
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Engine Oils Market Size is projected to Grow from USD 57.00 Billion in 2024 to USD 91.00 Billion by 2035, at a CAGR of 4.34% during the forecast period 2025–2035. The market for engine oils is in greater demand due to several factors, including increasing vehicle ownership, rising awareness of vehicle maintenance, and advancements in engine technologies.
Introduction
The Engine Oils Market size is a critical segment of the global lubricants industry, comprising products designed to reduce friction, protect engine components, enhance performance, and extend engine life. Engine oils include conventional, semi-synthetic, and fully synthetic formulations, catering to diverse automotive and industrial applications. By providing thermal stability, wear protection, and fuel efficiency, these oils play a vital role in maintaining the reliability and longevity of internal combustion engines and other machinery. Market growth is being driven by expanding vehicle ownership, increased consumer knowledge of proper engine care, and technical breakthroughs in engine design. The need for high-performance and environmentally friendly lubricants has increased as a result of stricter pollution restrictions, higher fuel efficiency standards, and the emergence of synthetic and semi-synthetic formulations. Furthermore, while electric cars are increasingly transforming the market, traditional gasoline and diesel engines remain dominant, assuring the continued need for engine oils. In comparison, the automotive engine oil market concentrates on lubricants for passenger cars, commercial vehicles, and two-wheelers, emphasizing trends such as high-performance oils, synthetic formulas, and aftermarket services.
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Engine Oils Market Size & Statistics
- The Market Size for Engine Oils Was Estimated to be worth USD 57.00 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 4.34% between 2025 and 2035.
- The Global Engine Oils Market Size is anticipated to reach USD 91.00 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Engine Oils Market
- Asia Pacific is expected to grow at a rapid CAGR during the forecast period in the Engine Oils Market.
Regional growth and demand
Asia Pacific is expected to grow at a rapid CAGR during the forecast period in the Engine Oils market. Asia Pacific is expected to grow rapidly in the engine oils market due to rapid vehicle population growth, rising disposable incomes, urbanization, increasing demand for fuel-efficient and high-performance lubricants, and expanding automotive manufacturing and aftermarket service sectors across emerging economies.
North America is expected to generate the highest demand during the forecast period in the Engine Oils market. North America is expected to generate the highest demand in the engine oils market due to high vehicle ownership, widespread adoption of advanced engine technologies, strong consumer preference for synthetic and high-performance oils, and stringent environmental and emission regulations.
Top 10 Trends in the Engine Oils Market
- Dominance of Synthetic Oils
- Sustainability and Bio-based Oils
- Integration of Smart Technology
- Growth in EV Lubricants
- Increased Vehicle Production
- Emerging Market Expansion
- Rising Demand for High-Performance Oils
- Growing Awareness of Engine Maintenance
- Expansion of Aftermarket Services
- Stringent Environmental Regulations
1. Dominance of Synthetic Oils
Synthetic and semi-synthetic engine oils are gaining popularity due to their greater performance, thermal stability, and longer service intervals than conventional lubricants. They improve fuel economy, decrease engine wear, and meet tough emissions rules, making them more popular with customers and manufacturers.
2. Sustainability and Bio-based Oils
Environmentally concerned customers and regulatory forces are boosting demand for bio-based and biodegradable engine lubricants. These oils, derived from renewable resources, have a lower environmental effect while still providing engine protection, coinciding with the automobile industry's rising emphasis on sustainability.
3. Integration of Smart Technology
Sensors and sophisticated monitoring systems have been incorporated in modern automobiles to monitor engine oil quality and performance. Smart lubricants and linked technology provide predictive maintenance, resulting in timely oil changes, increased engine longevity, and enhanced vehicle efficiency.
4. Growth in EV Lubricants
The emergence of electric vehicles (EVs) has led to the development of specialist lubricants for electric drivetrains, battery cooling, and thermal management. While EVs have a lower need for standard engine lubricants, they open up potential for innovative fluids that promote efficient operation and component longevity.
5. Increased Vehicle Production
Rising global vehicle manufacturing, particularly in emerging markets, directly increases engine oil consumption. More cars on the road lead to increased consumption of both original and aftermarket engine oils, which supports long-term market growth.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the engine oils market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Engine Oils Market
- ExxonMobil Corporation
- Royal Dutch Shell plc
- BP p.l.c.
- Chevron Corporation
- TotalEnergies SE
- Valvoline Inc.
- Phillips 66 Company
- PetroChina Company Limited
- Sinopec Group
- Fuchs Petrolub SE
- Castrol Limited
- Petronas Lubricants International
- LUKOIL
- Repsol S.A.
- Indian Oil Corporation Limited
- Hindustan Petroleum Corporation Limited
- Gulf Oil International
- Motul S.A.
- Idemitsu Kosan Co., Ltd.
- JX Nippon Oil & Energy Corporation
- AMSOIL Inc.
- Liqui Moly GmbH
- Red Line Synthetic Oil Corporation
- Royal Purple
- Schaeffer Manufacturing Co.
1. ExxonMobil Corporation
Headquarters: Irving, Texas, USA
ExxonMobil, based in Irving, Texas, USA, has facilities or offers goods in over 100 countries on six continents. The firm offers high-performance engine oils under the Mobil brand, including Mobil 1, Mobil Super, and Mobil Delvac, for both consumer and commercial cars. These items are designed to improve engine performance, minimize wear, increase fuel efficiency, and fulfill severe emissions requirements. ExxonMobil is a prominent participant in the global engine oils industry, providing a wide range of automotive applications and maintaining a strong global presence.
2. Royal Dutch Shell plc
Headquarters: The Hague, Netherlands
Shell, based in The Hague, Netherlands, operates in more than 175 countries throughout the world. Shell's Helix and Rimula brands provide a diverse range of engine oils for automobiles, trucks, and industrial machines. These devices provide higher engine protection, improved fuel efficiency, and meet severe pollution criteria. Shell prioritizes innovation and sustainability, including sophisticated additives and synthetic compositions to match contemporary engine demands. Their global presence and commitment to high-performance lubricants make them a prominent participant in the engine oil business, serving different automotive and industrial applications globally.
3. BP P.L.C.
Headquarters: London, United Kingdom
BP is headquartered in London, United Kingdom, and operates in more than 100 countries. Castrol is a major brand in automotive and industrial engine oils, providing solutions for automobiles, commercial vehicles, motorcycles, and machines. Castrol products are recognized for their exceptional performance, superior protection, and fuel efficiency, which is backed by ongoing R&D and innovation. With a strong emphasis on sustainability and compliance with global emission requirements, BP has a significant position in the engine oil industry, servicing both consumer and professional segments in numerous areas across the world.
4. Chevron Corporation
Headquarters: San Ramon, California, USA
Chevron, based in San Ramon, California, operates in more than 180 countries. Their lubricants, sold under the trademarks Chevron, Texaco, and Caltex, include high-performance engine oils for passenger vehicles, heavy-duty trucks, and industrial equipment. Chevron works on new formulas that improve engine longevity, fuel economy, and protection in harsh situations. Chevron responds to rising demand in the automotive, commercial, and industrial sectors through worldwide operations and new products. Their dedication to quality, technology, and environmental stewardship places them at the forefront of the worldwide engine oil business.
5. TotalEnergies SE
Headquarters: Courbevoie, France
TotalEnergies, based in Courbevoie, France, operates in around 120 countries. TotalEnergies offers engine oils for passenger vehicles, business fleets, and industrial machines. These lubricants are known for their technical innovation, which improves engine performance, fuel efficiency, and emissions compliance. TotalEnergies prioritizes sustainability, creating high-quality synthetic and eco-friendly oils that exceed contemporary regulatory requirements. Their global presence and extensive product range position them as a major participant in the engine oil industry, serving both traditional and developing automotive industries, including high-performance and ecologically sensitive applications.
Are you ready to discover more about the engine oils market?
The report provides an in-depth analysis of the leading companies operating in the global engine oils market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- ExxonMobil Corporation
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Royal Dutch Shell plc
- BP P.L.C.
- Chevron Corporation
- TotalEnergies SE
- Valvoline Inc.
- Phillips 66 Company
- PetroChina Company Limited
- Sinopec Group
- Others.
Conclusion
The global engine oils market is witnessing robust growth, driven by rising vehicle ownership, technological advancements, and increasing consumer awareness of engine maintenance. Demand for high-performance, synthetic, and eco-friendly oils is growing, fueled by stringent emission regulations and the need for improved fuel efficiency. Key players such as ExxonMobil, Shell, BP, Chevron, and TotalEnergies are leveraging innovation, advanced formulations, and global presence to capture market share. Additionally, emerging trends like electric vehicle lubricants, bio-based oils, and smart monitoring systems are creating new opportunities. Overall, the market is poised for sustained expansion across automotive and industrial applications worldwide.
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