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According to the latest report by IMARC Group,The global passenger car motor oil market reached a volume of 8,642 Kilotons in 2020.Passenger car motor oil, also known as PCMO, is produced by combining base oils, including additives like viscosity index improvers, detergents, and dispersants. They are obtained from petroleum-based hydrocarbons that aid in lubricating the internal combustion engines (ICE).
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Global Passenger Car Motor Oil Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Passenger Car Motor Oil Market Outlook 2026: According to the recent report by IMARC Group, titled “Passenger Car Motor Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” The global passenger car motor oil market reached a volume of 8,642 Kilotons in 2020. Passenger car motor oil, also known as PCMO, is produced by combining base oils, including additives like viscosity index improvers, detergents, and dispersants. They are obtained from petroleum-based hydrocarbons that aid in lubricating the internal combustion engines (ICE). These oils help in improving the fuel efficiency and reducing the friction between the moving metallic parts of the engine, thereby preventing any damage to the vehicle and decreasing repair and maintenance costs. In addition to this, PCMO prevents the accumulation of deposits, which reduces the chances of rust and corrosion in the vehicle. Request for a free sample: https://www.imarcgroup.com/passenger-car-motor-oil- market/requestsample
Report Description and Highlights Report Description Global Passenger Car Motor Oil Market Trends: Growing population and inflating income levels of the middle-class population are some of the major factors which have increased the demand for passenger vehicles, in turn, driving the market growth. Moreover, proliferating e-commerce and construction industries in developing countries like China and India has also increased the demand for LCVs, which is bolstering the growth of the market. Apart from this, high-quality motor oils are gaining immense popularity in countries with a cold climate as they offer better mileage, performance, and efficiency even in freezing temperatures. Passenger car motor oil also reduces the startup lead time for passenger vehicles, which is acting as another growth-inducing factor for the market. Furthermore, the development of synthetic engine oils is expected to create lucrative opportunities for the industry..
Report Description and Highlights Report Description Market Summary: Breakup by Viscosity Grade: • 25W-50/25W-60 • 15W-40/15W-50 • 20W-40/20W-50 • 10W-30/10W-40 • SAE 40 • SAE 30 • SAE 50 • SAE 20 Breakup by Type: • Full Synthetic • Synthetic Blend • Conventional • High Mileage
Report Description and Highlights Report Description Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America Looking forward, IMARC Group expects the market to reach a volume of 10,259 Kilotons by 2026. View Report TOC, Figures and Tables: https://www.imarcgroup.com/passenger-car-motor-oil-market
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