Technavio forecasts the Automotive Engine Oil Market to grow by USD 14.29 billion, at a CAGR of 4.71% from 2023 to 2028. Key market drivers include the rapid expansion of the vehicle fleet and increasing consumer demand for high-quality engine lubricants, particularly full synthetic oils. In the Asia-Pacific (APAC) region, the growing number of vehicles on the road has intensified the need for advanced lubrication solutions. Full synthetic oils, known for superior engine protection and performance, are becoming increasingly popular among consumers, propelling the market forward. This shift towards premium oils reflects the evolving needs of vehicle owners for better engine longevity and efficiency.

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