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Automotive Engine Oil Market Growth
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Automotive Engine Oil Market Surges
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The global automotive engine oil market is forecasted to hit USD 64.8 billion by 2031, growing at a 1.9% CAGR from 2022. Major players such as Shell, ExxonMobil, and TotalEnergies are prominent in this market. Advancements in nano-engineered lubricants, digital platforms, IoT technologies, and eco-friendly solutions are driving the market, leading companies to invest in innovation and sustainability.
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How are advancements in nano-engineered lubricants impacting the automotive industry's efficiency and performance?
How might the increasing market value of automotive engine oil influence the overall automotive sector and related industries?
What sustainability practices are automotive engine oil companies adopting to enhance their market position?
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