Automotive and Transportation automotive engine oil market | Page 3

Automotive Engine Oil Market
Automotive engine oil when used for longer duration, its viscosity index drops. Therefore, to sustain the
lubricating film between the engine parts, it is important to protect viscosity loss. The additives including
dispersants, friction modifiers, anti-wear agents, antioxidants and pour-point depressants are mixed in engine oil
to improve its viscosity index for longer usage time period.
The global automotive engine oil market is estimated to grow during the forecast period at a high growth rate. In
2015, North America was the largest market for automotive engine oil due to the presence of large number of
motor vehicle in this region. It is followed by Europe and Asia-Pacific. The market is witnessing an escalating
growth in Asia Pacific region. China, in recent years, has become the global hub for the automobile industry, due
to increase in vehicle population because of growing industrialization and commercialization across China.
P&S Intelligence