Global Passenger Car Motor Oil Market to Grow at 1.8% During 2022-2027, Bolstered by Increasing Demand for Automobiles

August 14, 2019

According to the recent report by IMARC Group, titled “Passenger Car Motor Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,the global passenger car motor oil market is expected to grow at a CAGR of 1.8% during 2022-2027. 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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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.

Market Summary:

  • Based on the viscosity grade, the market has been divided into multi and mono grade segments. The multi grade segment has been further segregated into 25W-50/25W-60, 15W-40/15W-50, 20W-40/20W-50, and 10W-30/10W-40. On the other hand, the mono grade segment has been segmented into SAE 50, SAE 40, SAE 30, and SAE 20.
  • On the basis of the type, full synthetic is the most popular type. Other segments include high mileage, conventional, and synthetic blend.
  • Region-wise, the market has been classified into Europe, Middle East and Africa, Asia Pacific, Latin America, and North America. At present, Asia Pacific is the leading market.
  • The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players operating in the market.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

Global Passenger Car Motor Oil Market to Grow at 1.8% During 2022-2027, Bolstered by Increasing Demand for Automobiles
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More