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Tag: motor oil market

motor oil market outlook

[INFOGRAPHIC] WHAT IS RESHAPING THE PCMO MARKET? 2040 OUTLOOK

The global passenger car motor oil (PCMO) market is on the cusp of significant change due to many emerging technologies. The growth in electric and plug-in hybrid vehicles has the potential to reduce the consumption of PCMO. As ride sharing becomes more widespread, reliable, and economical, future vehicle owners may decide to forego vehicle ownership.

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