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United Kingdom Automotive Engine Oils Market Size, Share, Analysis, Report and Forecast 2024-2032
United Kingdom Automotive Engine Oils Market
According to the report by Expert Market Research (EMR), the United Kingdom automotive engine oils market size grew substantially in 2023. Aided by the burgeoning automotive industry and the crucial role of engine oils in vehicle maintenance, the market is projected to further grow at a CAGR of 3.4% between 2024 and 2032.
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Automotive engine oils primarily function as lubricants for various internal combustion engines, including motorcycles, cars, light and heavy-duty trucks, and buses. They not only reduce friction between moving mechanical parts but also help in heat dissipation. Engine oils contain a blend of base oils and various additives that enhance their anti-wear, anti-rust, and anti-oxidation properties, thereby prolonging the engine's life and efficiency.
As per the United Kingdom automotive engine oils market analysis, the steadfast growth of the automotive sector in the United Kingdom is undeniably driving the market forward. As the number of vehicles on the road continues to increase, so does the demand for regular maintenance and services, accentuating the necessity for quality engine oils. The rise in consumer awareness about timely engine maintenance and its benefits in enhancing vehicle performance and lifespan is further bolstering the market.
Additionally, advancements in engine oil formulations, prompted by rigorous environmental regulations and the push for sustainable solutions, have emerged as catalysts for United Kingdom automotive engine oils market growth. The United Kingdom has stringent rules regarding emissions and environmental standards, leading to the development and adoption of low-viscosity, fuel-efficient, and long-lasting engine oils.
The automotive racing and sports segment in the UK also plays a pivotal role in the growth of the market. With the country being home to several major motorsport events, the demand for high-performance, specialty engine oils have seen a significant uptick which further increases the United Kingdom automotive engine oils market size. These oils, specially formulated for racing conditions, offer enhanced thermal stability, reduced friction, and protection against wear and tear.
In response to the EV movement, leading market players are investing in R&D to formulate engine oils catering specifically to hybrid vehicles, ensuring smoother transitions between electric and internal combustion engine modes, and offering protection to both engines and electric components, further propelling the United Kingdom automotive engine oils market demand.
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United Kingdom Automotive Engine Oils Market Segmentation
The market can be divided based on grade, engine type, and vehicle type.
Market Breakup by Grade
Mineral
Semi-Synthetic
Fully-Synthetic
Market Breakup by Engine Type
Gasoline
Diesel
Alternative Fuels
Market Breakup by Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy-Duty Vehicles
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United Kingdom automotive engine oils market. Some of the major players explored in the report by Expert Market Research are as follows:
Exxon Mobil Corporation
Exol Lubricants Limited
BP p.l.c.
Chevron Corporation
Shell International B.V.
Fuchs Group
TotalEnergies S.E.
Liqui Moly GmbH
Motul S.A.
Moove Lubricants Limited
Others
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