The automotive engine oil market size is expected to grow by 936.36 mn L during 2021-2025, progressing at a CAGR of almost 4%. The report provides thorouh insights on the COVID-19 impact on the market and new business opportunities, if any, during the pandemic period. According to Technavio research experts, we expect the impact to be significant during the first quarter, which should gradually alleviate in subsequent quarters – with a limited impact on the full-year economic growth.
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Automotive Engine Oil Market Trends & Drivers
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The automotive engine oil market has also explored key trends such as growing demand for full synthetic engine oil, which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.
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Automotive Engine Oil Market: Segmentation Analysis
The APAC region led the automotive engine oil market in 2021, followed by Europe, North America, MEA, and South America respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as .
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A few of the key topics covered in the report include:
Market positioning of vendors