Automotive Passenger Cars Engine Oil Market Powering Ahead to USD 32B in 2022, 5.9% CAGR
According to TechSci Research report, “ Global Automotive Passenger Cars Engine Oil Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Automotive Passenger Cars Engine Oil Market stood at USD 32 billion in 2022 and is anticipated to grow with a CAGR of 5.9% in the forecast period, 2024-2028. The Global Automotive Passenger Cars Engine Oil Market is a dynamic and vital sector within the automotive industry, playing a pivotal role in ensuring the efficient operation and longevity of passenger vehicles worldwide. These engine oils are meticulously engineered to meet the evolving demands of modern engines, which are continually striving for greater performance, reduced emissions, and enhanced fuel efficiency. Key trends in this market include the shift towards low-viscosity oils to meet stringent emissions regulations and improve mileage, the rise of synthetic and semi-synthetic oils for superior engine pr...