According to a new report published by Allied Market Research, titled, “Engine Oil Market,” The engine oil market was valued at $40.5 billion in 2021, and is estimated to reach $55.1 billion by 2031, growing at a CAGR of 3.1% from 2022 to 2031. The concept of engine oil is typically attributed to motor oil, …
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Engine Oil Market to Garner $55.1 Billion, Globally, by 2030 at 3.1% CAGR
Allied Market Research recently published a report, titled, “Engine Oil Market by Grade (Mineral, Semi-synthetic, Fully-synthetic), by Sales Channel (OEM, Aftermarket), by Engine Type (Gasoline, Diesel), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers): Global Opportunity Analysis and Industry Forecast, 2021-2031”. As per the report, the global engine oil industry was pegged …
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