The global engine flush market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Growing application of engine flush in the end-user industry is anticipated to drive the growth of the market. The rise in the production of passenger and commercial vehicles coupled with growing investments in auto components are anticipated to drive the growth of the automotive stabilizer bar market. As per the data published by India Brand Equity Foundation (IBEF) in 2022, India has sold 3.49 million units in passenger and commercial vehicle categories. In October 2021, the total production volume of passenger vehicles reached 2,214,745 units. The luxury car market had registered sales between 28000-33000 units in 2021, up from 20000-21000 units sold in 2020. Moreover, the automotive industry attracted foreign direct investment worth $30.51 billion between April 2000 and June 2021 accounting for 5.5% of the total FDI during the period according to the data released by the Department of Promotion of Industry and Internal Trade (DPIIT). Also, in September 2021, the Indian Government issued a notification regarding a PLI scheme for automobile and auto components worth $3.49 billion. Further, the Government of India projects the automobile sector to attract $8-10 billion in local and foreign investment by 2023.
Implementation of environmental regulations is driving the demand for the engine flush market. For instance, in December 2021, US Environmental Protection Agency (EPA) revised national greenhouse emissions standards for passenger cars and trucks for model years 2023-2026. The final standards are projected to achieve significant GHC emissions reductions along with reductions in other criteria pollutants. Thus, engine flush assists in increasing operating efficiency and reducing emissions in petrol and diesel engines.
Looking toward the demand for engine flush, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in September 2021, ExxonMobil Lubricants Pvt. Ltd. launched Mobil Super TM All-in-One Protection SUV Pro synthetic oil. Mobil super SUV pro is suitable for both petrol and diesel engine and meets American Petrolium Institute (API) and European Automobile Manufacturer’s Association (ACEA) standards. Thus, such launches are anticipated to drive the growth of the global engine flush market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Engine Type
- By Engine Oil type
- By End-Use
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– International Lubricants, Inc., Petra Oil Co, Inc., and 3M Co., among others
A full report Engine Flush Market of is available at: https://orionmarketreports.com/engine-flush-market/106123/
Global Engine Flush Market Report by Segment
By Engine Type
- Petrol Engines
- Diesel Engine
- Gasoline Engine
By Engine Oil Type
- Fully Synthetic Oil
- Semi-Synthetic Oil
- Mineral Oil
By End-Use
- Industrial Equipment
- Automotive
- Marine
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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