Engine Flush Market: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2026)
Aug 01, 2018, 14:04 ET
NEW YORK, August 1, 2018 /PRNewswire/ -- 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.
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According to Future 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.
In future, semi-synthetic oils will be among the key engine oils used for flushing out the slurry collected inside engines. With extended lubricant life, semi-synthetic oils will effectively serve as engine flush for regular maintenance of combustion engines. Moreover, improved viscosity indexes of semi-synthetic oils shall elevate their functions to flush out the imbedded sludge from engines. However, low prices of semi-synthetic engine oils will influence manufacturers to extend their production for fully synthetic oils. In 2017, fully-synthetic oils worth over half a billion dollars were sold in the global engine flush market. The report further projects that semi-synthetic oils will register highest value CAGR during the forecast period, and will bring in nearly US$ 900 Mn worth of global revenues by 2026-end.
Marine End-use of Engine Flush to Register Highest Value CAGR during 2017-2026
Automotive industry will continue to represent the predominant end-user industry for engine flush. Petrol and diesel engines will collectively account for the entire consumption of engine flush produced in the world. The report projects that by the end of 2026, nearly 63% of engine flush will be used to service diesel engines across the globe. The report also projects that the automotive end-use of engine flush in the global market will reach an estimated valuation of US$ 1 Bn by the end of 2026. However, the report also observes a growing end-use of engine flush in servicing of industrial equipment. The report has assessed that industrial equipment end-use of engine flush will register a 4.3% CAGR over the forecast period.
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.
Read the full report: https://www.reportlinker.com/p05392464
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