The Global Mineral Engine Oil Market was valued at USD 38.45 Billion in 2023 and is projected to reach USD 46.72 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period (2024–2030). This steady growth is underpinned by the vast global vehicle parc, consistent demand for engine maintenance, and the development of advanced mineral oil formulations that offer enhanced protection and longevity for both automotive and motorcycle engines.

As the transportation sector evolves with increasing electrification and sustainability pressures, traditional mineral engine oils continue to be the backbone of internal combustion engine maintenance worldwide. In this blog, we profile the Top 10 Companies in the Mineral Engine Oil Industry—a group of established lubricant giants and specialized manufacturers ensuring the smooth operation of millions of engines globally.

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🔟 1. ExxonMobil Corporation (Mobil)

Headquarters: Irving, Texas, USA
Key Offering: Mobil Super, Mobil 1 (mineral variants), Mobil Delvac

ExxonMobil, through its Mobil brand, is one of the world’s largest suppliers of mineral-based engine oils. Their extensive product portfolio caters to passenger cars, heavy-duty trucks, and industrial machinery, with a strong focus on research and development for improved engine cleanliness and wear protection.

Innovation and Market Initiatives:

• Development of high-mileage mineral oil formulations

• Global supply chain ensuring widespread availability

• Investment in blending plants and distribution networks across emerging markets

Download FREE Sample Report: Mineral Engine Oil Market – View in Detailed Research Report

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9️⃣ 2. Shell plc

Headquarters: London, United Kingdom
Key Offering: Shell Helix, Shell Rimula, Shell Rotella

Shell is a dominant force in the global lubricants market, with its mineral engine oils being a cornerstone of its business. Shell Helix for passenger vehicles and Shell Rotella for commercial vehicles are trusted brands known for their reliability and performance under diverse operating conditions.

Innovation and Market Initiatives:

• Focus on PurePlus Technology base oils for enhanced mineral oil performance

• Strong presence in both OEM and aftermarket channels

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8️⃣ 3. BP Plc (Castrol)

Headquarters: London, United Kingdom
Key Offering: Castrol GTX, Castrol Magnatec, Castrol CRB

BP’s Castrol brand is synonymous with engine lubrication worldwide. Castrol GTX is a leading mineral-based motor oil designed to protect against sludge and wear, while Castrol Magnatec offers unique molecular technology that clings to engine parts for protection at start-up.

Innovation and Market Initiatives:

• Continuous improvement of mineral oil additives for better engine protection

• Strategic partnerships with automotive manufacturers and racing teams

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7️⃣ 4. Valvoline Inc.

Headquarters: Lexington, Kentucky, USA
Key Offering: Valvoline Daily Protection, Valvoline MaxLife, Valvoline Premium Blue

Valvoline is a leading global supplier of premium mineral engine oils, with a history dating back to 1866. The company offers a wide range of products for everyday drivers, high-mileage vehicles, and heavy-duty fleet applications, emphasizing durability and engine cleanliness.

Innovation and Market Initiatives:

• Specialized high-mileage formulations with seal conditioners

• Expansion of quick-lube service centers driving direct product placement

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6️⃣ 5. TotalEnergies

Headquarters: Paris, France
Key Offering: Total Quartz, Total Rubia

TotalEnergies is a major player in the European and global lubricants market. Its Total Quartz range of mineral engine oils is engineered to meet the requirements of modern engines, providing excellent performance and protection for a wide variety of vehicles.

Innovation and Market Initiatives:

• Development of mineral oils compatible with latest emission control systems

• Strong B2B focus with industrial and commercial vehicle fleets

Download FREE Sample Report: Mineral Engine Oil Market – View in Detailed Research Report

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5️⃣ 6. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: Havoline, Chevron Delo

Chevron offers high-quality mineral engine oils under its Havoline (passenger vehicles) and Delo (commercial vehicles) brands. The company leverages its expertise in base oil production to create reliable lubricants that meet international performance standards.

Innovation and Market Initiatives:

• Proprietary additive technology for oxidation stability and deposit control

• Extensive network of lubricant distributors and retailers

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4️⃣ 7. Idemitsu Kosan Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Idemitsu A/B Series, Eneos Super Formula (mineral variants)

Idemitsu is a leading Japanese oil company with a strong presence in the Asian lubricants market. The company produces a range of high-quality mineral engine oils that are widely used in Japan and across Southeast Asia, known for their reliability and conformity with Japanese OEM specifications.

Innovation and Market Initiatives:

• Focus on OEM approvals from Japanese automotive manufacturers

• Expansion of production capacity to serve growing Asian markets

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3️⃣ 8. Petroliam Nasional Berhad (PETRONAS)

Headquarters: Kuala Lumpur, Malaysia
Key Offering: PETRONAS Syntium (mineral range), PETRONAS Urania

PETRONAS is a major national oil company with a significant global footprint in the lubricants business. Its mineral engine oils are formulated to withstand the challenging conditions of tropical climates and are widely used in passenger cars and motorcycles across Asia and Africa.

Innovation and Market Initiatives:

• Tropical-grade formulations for high-temperature operations

• Strategic sponsorships in motorsports for brand visibility and product testing

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2️⃣ 9. Indian Oil Corporation Ltd. (IOCL)

Headquarters: New Delhi, India
Key Offering: Servo Primax, Servo Sport, Servo M4T

Indian Oil Corporation is India’s largest commercial enterprise and a leading supplier of mineral engine oils in the South Asian region. Its Servo brand offers a comprehensive range of lubricants for every segment, from two-wheelers to heavy-duty commercial vehicles.

Innovation and Market Initiatives:

• Extensive distribution network across India’s vast rural and urban markets

• Development of cost-effective formulations for price-sensitive consumers

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1️⃣ 10. Lukoil

Headquarters: Moscow, Russia
Key Offering: Lukoil Standard, Lukoil Lux, Lukoil Super

Lukoil is one of the largest producers and suppliers of mineral engine oils in Russia and the CIS countries. The company offers a wide range of products that meet both domestic and international standards, serving the substantial vehicle fleet across Eastern Europe and Central Asia.

Market Presence and Initiatives:

• Dominant market position in Russia and neighboring countries

• Focus on affordability and accessibility for mass-market consumers

Get Full Report Here: Mineral Engine Oil Market – View in Detailed Research Report

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🔧 Outlook: The Future of Mineral Engine Oil in an Evolving Automotive Landscape

The mineral engine oil market is navigating a period of transformation. While synthetic and semi-synthetic oils are gaining share in developed markets, mineral oils continue to dominate in price-sensitive regions and for older vehicle fleets due to their cost-effectiveness and adequate performance for standard driving conditions.

📈 Key Trends Shaping the Market:

• Sustained demand from emerging economies with aging vehicle fleets

• Formulation improvements to extend drain intervals and enhance protection

• Growing online sales channels increasing product accessibility

• Increased focus on recyclability and environmental compliance of mineral oils

Get Full Report Here: Mineral Engine Oil Market – View in Detailed Research Report

The companies listed above are not only supplying essential lubricants—they’re adapting to maintain relevance in a market increasingly focused on sustainability and advanced engine technologies.