Automotive Engine Oil Industry Expanding  Worldwide by 2026

Comments · 279 Views

The market consists of several small, medium, and large scale companies that are presently adopting the strategy of mergers and acquisitions with other reputed enterprises to enhance their product offerings and other associated services. Below are a couple of the key industry developments:

The global automotive engine oil market is set to gain momentum from the increasing demand for lower viscosity motor oil as they are capable of enhancing the fuel economy. Many OEMs have also begun recommending these types of oils to enhance performance. Fortune Business Insights™ provided this information in a recent report,6.” The report further states that the automotive engine oil market size was USD 36.49 billion in 2018 and is projected to reach USD 45.66 billion by 2026, exhibiting a CAGR of 2.88% during the forecast period.

Please visit: https://www.fortunebusinessinsights.com/automotive-engine-oil-market-102715

 

Key Players Engage in Mergers Acquisitions to Gain Competitive Edge

The market consists of several small, medium, and large scale companies that are presently adopting the strategy of mergers and acquisitions with other reputed enterprises to enhance their product offerings and other associated services. Below are a couple of the key industry developments:

  • September 2019: RelaDyne joined hands with Circle Lubricants to broaden its geographic presence in the Northeast. It would also help the company in delivering its automotive and lubricant products throughout New Jersey, New York, and its surrounding areas.
  • September 2019: Saudi Aramco completed the acquisition of 50% interest of Shell Saudi Arabia Limited in the SASREF joint venture. It would help the former in upsurging the capacity and complexity of its refineries.

Fortune Business Insights™ lists out the names of all the organizations present in the automotive engine oil market. They are as follows:

  • ExxonMobil Corporation
  • Valvoline, Inc.
  • Fuchs Petrolub SE
  • Castrol
  • Royal Dutch Shell plc
  • RelaDyne
  • Pentagon Lubricants Private Limited
  • HINDUJA GROUP
  • Chevron Corporation
  • Total S.A.
  • Other players
Comments