Top 16 manufacturers in Engine Lubricant Market
Prof Research published a new report on the Engine Lubricant market. It presents the largest 16 manufacturers in the Engine Lubricant Market. The report is a professional and in-depth study on the current state of the global Engine Lubricant market. The report provides key statistics on the market of Engine Lubricant. It is a valuable source of guidance and direction for companies and individuals interested in the Engine Lubricant industry.
The global Engine Lubricant market was valued at 58,235 million USD in 2024. The production value of Engine Lubricants is expected to grow at a CAGR of approximately 3.1% in the coming years, reaching 74,986 million USD by 2030.
Shell is the largest manufacturer of Engine Lubricants in the world, holding a market share of 18.6% in terms of value. Based in the Netherlands, Shell is one of the largest global players in the lubricants market, providing a wide range of high-performance engine oils for both automotive and industrial applications. Shell’s advanced formulations, such as its Shell Helix range, are known for enhancing engine efficiency, performance, and longevity. The company’s global reach, R&D capabilities, and commitment to sustainability contribute to its dominant position in the engine lubricant sector.
Exxon Mobil ranks as the second-largest manufacturer of Engine Lubricants, with a market share of 16.9%. Headquartered in the United States, Exxon Mobil is a multinational energy company that manufactures a range of automotive and industrial lubricants under the Mobil brand. The company’s Mobil 1 synthetic motor oil is widely recognized for its high performance and long-lasting protection. Exxon Mobil’s strong brand recognition, robust distribution network, and consistent product innovation have solidified its position as a key player in the engine lubricant market.
BP holds the third-largest market share in the Engine Lubricant market, with a share of 14.3%. BP, headquartered in the United Kingdom, is a global energy company that provides a wide range of lubricants under the Castrol brand. Castrol produces advanced engine oils and lubricants for various applications, including automotive, commercial vehicles, and motorcycles. BP's strong commitment to sustainability, technological innovations and extensive global distribution network, helps maintain its leadership in the market for engine lubricants.
Chevron is the fourth-largest manufacturer of Engine Lubricants, holding a market share of 12.1%. Based in the United States, Chevron manufactures high-quality engine oils under the Chevron, Havoline, and Delo brands. The company is known for its advanced synthetic and semi-synthetic motor oils, which are designed to optimize engine performance and fuel economy. Chevron’s continuous focus on innovation, its expertise in refining, and its extensive global presence help position it as a leading provider of engine lubricants worldwide