Automotive Engine Oil Market: Global Industry Analysis and Forecast (2024-2030)

The Automotive Engine Oil Market size was valued at USD 45.87 Bn in 2023 and the total market revenue is expected to grow at a CAGR of 3.94% from 2024 to 2030, reaching nearly USD 60.12 Bn.
Automotive Engine Oil Market Overview:

Automotive engine oil is used for the lubrication of internal combustion engines. The key function of automotive engine oil is to reduce friction and wear on moving parts while cleansing the engine from sludge and varnish.