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Report
Passenger Car Motor Oil Market Report by Viscosity Grade (Multi Grade, Mono Grade), Type (Full Synthetic, Synthetic Blend, Conventional, High Mileage), and Region 2024-2032
Market Report I 2024-04-08 I 138 Pages I IMARC Group
The global passenger car motor oil market size reached US$ 20.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.4 Billion by 2032, exhibiting a growth rate (CAGR) of 1.4% during 2024-2032.
Passenger car motor oil, or PCMO, helps in protecting and improving the overall functioning of engines in passenger cars. The motor oil lubricates the internal combustion engines which reduces the friction created in the moving parts. Passenger car motor oils are made from a combination of base oils that are obtained from petroleum-based hydrocarbons. These oils prevent the occurrence of corrosion and rust as well as obstruct the formation of deposits in the engine.
On account of factors such as increasing population, rising income levels, improving road infrastructure, etc., the sales of passenger cars are rising across both developed and developing regions. This has created a positive impact on the demand of passenger car motor oils. Moreover, across developed regions like Europe and North America, consumers are becoming aware of the benefits offered by high-quality motor oils. For instance, there has been a shift among consumers form mono-grade to multi-grade oils, which offer improved pumpability, mileage and performance efficiency in cold start-up temperatures by reducing the startup lead time. Moreover, passenger car motor oils also provide benefits in terms of reduction of friction and wear, equipment protection, temperature control, increased lifespan and efficiency, and enhance the reliability of engine components.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global passenger car motor oil market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on viscosity grade and type.
Breakup by Viscosity Grade:
Multi Grade
25W-50/25W-60
15W-40/15W-50
20W-40/20W-50
10W-30/10W-40
Mono Grade
SAE 40
SAE 30
SAE 50
SAE 20
Breakup by Type:
Full Synthetic
Synthetic Blend
Conventional
High Mileage
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
Key Questions Answered in This Report:
How has the global passenger car motor oil market performed so far and how will it perform in the coming years?
What are the key regional markets in the global passenger car motor oil industry?
What has been the impact of COVID-19 on the global passenger car motor oil industry?
What is the breakup of the market based on the viscosity grade?
What is the breakup of the market based on the type?
What are the various stages in the value chain of the global passenger car motor oil industry?
What are the key driving factors and challenges in the global passenger car motor oil industry?
What is the structure of the global passenger car motor oil industry and who are the key players?
What is the degree of competition in the global passenger car motor oil industry?
What are the profit margins in the global passenger car motor oil industry
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Passenger Car Motor Oil Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Viscosity Grade
5.5 Market Breakup by Type
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Viscosity Grade
6.1 Multi Grade
6.1.1 Market Trends
6.1.2 Market Breakup by Type
6.1.2.1 25W-50/25W-60
6.1.2.1.1 Market Trends
6.1.2.1.2 Market Forecast
6.1.2.2 15W-40/15W-50
6.1.2.2.1 Market Trends
6.1.2.2.2 Market Forecast
6.1.2.3 20W-40/20W-50
6.1.2.3.1 Market Trends
6.1.2.3.2 Market Forecast
6.1.2.4 10W-30/10W-40
6.1.2.4.1 Market Trends
6.1.2.4.2 Market Forecast
6.1.3 Market Forecast
6.2 Mono Grade
6.2.1 Market Trends
6.2.2 Market Breakup by Type
6.2.2.1 SAE 40
6.2.2.1.1 Market Trends
6.2.2.1.2 Market Forecast
6.2.2.2 SAE 30
6.2.2.2.1 Market Trends
6.2.2.2.2 Market Forecast
6.2.2.3 SAE 50
6.2.2.3.1 Market Trends
6.2.2.3.2 Market Forecast
6.2.2.4 SAE 20
6.2.2.4.1 Market Trends
6.2.2.4.2 Market Forecast
6.2.3 Market Forecast
7 Market Breakup by Type
7.1 Full Synthetic
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Synthetic Blend
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Conventional
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 High Mileage
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Asia Pacific
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Europe
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
Figure 1: Global: Passenger Car Motor Oil Market: Major Drivers and Challenges
Figure 2: Global: Passenger Car Motor Oil Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Passenger Car Motor Oil Market: Breakup by Viscosity Grade (in %), 2023
Figure 4: Global: Passenger Car Motor Oil Market: Breakup by Type (in %), 2023
Figure 5: Global: Passenger Car Motor Oil Market: Breakup by Region (in %), 2023
Figure 6: Global: Passenger Car Motor Oil Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 7: Global: Passenger Car Motor Oil Industry: SWOT Analysis
Figure 8: Global: Passenger Car Motor Oil Industry: Value Chain Analysis
Figure 9: Global: Passenger Car Motor Oil Industry: Porter's Five Forces Analysis
Figure 10: Global: Passenger Car Motor Oil (Multi Grade) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Passenger Car Motor Oil (Multi Grade) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Passenger Car Motor Oil (Mono Grade) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Passenger Car Motor Oil (Mono Grade) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Passenger Car Motor Oil Multi Grade (25W-50/25W-60) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Passenger Car Motor Oil Multi Grade (25W-50/25W-60) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Passenger Car Motor Oil Multi Grade (15W-40/15W-50) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Passenger Car Motor Oil Multi Grade (15W-40/15W-50) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Passenger Car Motor Oil Multi Grade (20W-40/20W-50) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Passenger Car Motor Oil Multi Grade (20W-40/20W-50) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Passenger Car Motor Oil Multi Grade (10W-30/10W-40) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Passenger Car Motor Oil Multi Grade (10W-30/10W-40) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Passenger Car Motor Oil Mono Grade (SAE 40) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Passenger Car Motor Oil Mono Grade (SAE 40) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Passenger Car Motor Oil Mono Grade (SAE 30) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Passenger Car Motor Oil Mono Grade (SAE 30) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Passenger Car Motor Oil Mono Grade (SAE 50) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Passenger Car Motor Oil Mono Grade (SAE 50) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Passenger Car Motor Oil Mono Grade (SAE 20) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Passenger Car Motor Oil Mono Grade (SAE 20) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Passenger Car Motor Oil (Full Synthetic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Passenger Car Motor Oil (Full Synthetic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Passenger Car Motor Oil (Synthetic Blend) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Passenger Car Motor Oil (Synthetic Blend) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Passenger Car Motor Oil (Conventional) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Passenger Car Motor Oil (Conventional) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Passenger Car Motor Oil (High Mileage) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Passenger Car Motor Oil (High Mileage) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: North America: Passenger Car Motor Oil Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: North America Europe: Passenger Car Motor Oil Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Asia Pacific: Passenger Car Motor Oil Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Asia Pacific: Passenger Car Motor Oil Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Europe: Passenger Car Motor Oil Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Europe: Passenger Car Motor Oil Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Middle East and Africa: Passenger Car Motor Oil Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Middle East and Africa: Passenger Car Motor Oil Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Latin America: Passenger Car Motor Oil Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Latin America: Passenger Car Motor Oil Market Forecast: Sales Value (in Million US$), 2024-2032
Table 1: Global: Passenger Car Motor Oil Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Passenger Car Motor Oil Market Forecast: Breakup by Viscosity Grade (in Million US$), 2024-2032
Table 3: Global: Passenger Car Motor Oil Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 4: Global: Passenger Car Motor Oil Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Passenger Car Motor Oil Market Structure
Table 6: Global: Passenger Car Motor Oil Market: Key Players
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