Majority of automotive engines, today, are running on conventional fuels such as diesel and gasoline. OEMs are implementing designs that can make engines work in a cleaner manner, however, the amount of dust and other foreign particulates that accumulate inside the engine continue to affect their precision. Advancements in fuel consumption technologies has instrumented the adoption of engine flush lubricant, which are essentially oils that can drain out all the dirt and sludge accumulated in the engine and its components. With increasing pollution levels and considerable upsurge in the adulteration of fuels such as diesel, the demand for engine flush will remain prevalent in the automotive industry of tomorrow. Leading manufacturers of automotive lubricants will continue to divest their business on production of engine flush, and capitalise from the necessary need to engines free of varnish and sludge.
According to Market Insights’ recent report, the global engine flush market is poised to expand at a value CAGR of 3.6% during the forecast period, 2017-2026. The report assesses that by the end of 2026, around 153,000 thousand litres of engine flush will be sold globally. The report further projects that North America will be at the forefront of global engine flush market expansion. By the end of 2026, North America’s engine flush market will touch a US$ 500 Mn valuation and account for over one-fourth of the forecasted global market value.
Request Sample https://www.factmr.com/connectus/sample?flag=S&rep_id=7071
As per a recent published report by Fact.MR, a market research and competitive intelligence provider, the global engine flush market is anticipated to exceed a valuation of US$ 1.4 Bn in 2021, and expand at an impressive CAGR of more than 3.8% over the forecast period of 2021 to 2031.
The market registered annual growth of 3.2% during the 2016 to 2020 time period. Fact.MR anticipates significant potential in the market due to increase in sales of automobiles across the world.
Surge in production of vehicles and demand for semi-synthetic and fully synthetic oils are key factors driving this industry. Sales of automotive vehicles have revealed a constant growth over the historic period, mainly in the South Asia & Oceania and East Asia regions, as a result of increasing consumer spending capacity and rising population, which bodes well for engine flush demand.
Key Takeaways from Market Study
- Semi-synthetic oil is likely to witness sales of US$ 861 Mn by 2031.
- Based on end use, marine and industrial equipment are anticipated to gains market shares of 27.5% and 19.1%, respectively, by 2031.
- Based on region, demand for engine flush is expected to expand at a CAGR of 7.3% and 5.8% in the Middle East & African and Latin American regions, respectively, over the forecast period.
- Together, North America and Europe represent 51.5% of overall demand for engine flush.
“Consumer awareness regarding high-performance and fuel-efficient variants are likely to create promising opportunities for key players in the industry,” says a Fact.MR analyst.
Request Customization https://www.factmr.com/connectus/sample?flag=RC&rep_id=7071
Key Segments Covered in Engine Flush Industry Survey
-
By Engine Type
- Petrol Engines
- Diesel Engines
- Gasoline Engines
-
By Engine Oil Type
- Fully Synthetic Oil
- Semi-synthetic Oil
- Mineral Oil
-
By End Use
- Automotive
- Industrial Equipment
- Marine
Global Engine Flush Competition Landscape
Companies at the forefront of global engine flush production have been profiled in the report. These include, BULLSONE Co. Ltd., BARDAHL Manufacturing Corporation, 3M Company, International Lubricants, Inc., Penrite Oil Company, LIQUI MOLY GmbH, Valvoline Inc., Tec4 Lubricants, LUBRITA EUROPE B.V., Berner Group, AMSOIL INC., and Petra Oil. Several of these companies are expected to face challenges from fluctuating oil prices and transformations in the designs of combustion engines. In addition, lowering production costs and elevating profit margins will also be prioritised by key players in the global engine flush market through 2026.
Buy Now https://www.factmr.com/checkout/7071
