Home / Businesswire / Passenger Car Motor Oil (PCMO): Worldwide Market Outlook to 2022, Dominated by BP, Chevron, Exxon Mobil, Shell, Total, and Valvoline – ResearchAndMarkets.com

Passenger Car Motor Oil (PCMO): Worldwide Market Outlook to 2022, Dominated by BP, Chevron, Exxon Mobil, Shell, Total, and Valvoline – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
Passenger Car Motor Oil (PCMO) Market 2018-2022"
report has
been added to ResearchAndMarkets.com's offering.

It is predicted that this market will grow at a CAGR of more than 4 % by
2022.

Modern car engines are produced to be compatible to use low-viscosity
engine oil that reduces internal drag. Low-viscosity engine oil
increases the vehicle's fuel efficiency by maintaining optimal
performance of the engine. It also reduces the exhaust emissions and
increases engine responsiveness.

New vehicles are benefiting from these developments and with the
emergence of stringent regulations, the demand for low-viscosity grade
motor oil is expected to increase significantly, contributing to the
growth of the passenger car motor oil (PCMO) market.

Rising vehicle population leading to high consumption of PCMO

The demand for passenger cars is growing from the middle-class income
group, especially in countries such as China and India, boosting the
sales of passenger cars globally. Therefore, the increasing number of
vehicles in use across the world will drive the growth of the passenger
car motor oil market during the forecast period.

High investment required to change the additive technology

Emission standards are witnessing constant evolution across the world,
leading to several developments to improve the efficiency of modern
vehicles. Thus, motor oil vendors need to deal with a huge cost pressure
to test the changes occurring in these standards. This presents a major
challenge to the growth of the global PCMO market.

Competitive Landscape

With the presence of a considerable number of companies, this market
appears to be fragmented. This market research report will help clients
identify new growth opportunities. Several companies in the PCMO market
are focusing on developing low-viscosity grade motor oil that are
compatible with new modern vehicle engines.

Key Players

  • BP
  • Chevron
  • Exxon Mobil
  • Shell
  • Total
  • Valvoline

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Application

8. Customer Landscape

9. Market Segmentation by Viscosity Grade

10. Regional Landscape

11. Decision Framework

12. Drivers and Challenges

13. Market Trends

14. Vendor Landscape

15. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/wbnqk4/passenger_car?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Oil,
Cars,
Lubricants
and Greases