Engine Oil Additives Market
Engine Oil Additives Market Global Industry Assessment & Forecast
Segments Covered
- By Type Anti-Oxidants, Dispersants, Detergents, Corrosion Inhibitors, Friction Modifiers, Antiwear Additives, Others
- By Engine Type Diesel, Gasoline, Natural Gas, Others
- By Vehicle Type Passenger Car, Commercial vehicle, Motorcycle, Others
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 10.52 Billion |
Revenue 2028: | 16.62 Billion |
Revenue CAGR (2021 - 2028): | 4.38% |
Fastest Growing Region (2022 - 2028) | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Sr. No. | Offering | Report Coverage |
1. | Market Size | In terms of Revenue (USD Million) |
2. | Historic Data | 2015 to 2019 |
3. | Forecast Data | 2021 to 2028 |
4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
5. | Market Attractiveness Analysis | Yes |
6. | Segment Analysis | Maximum Segments |
7. | Regional Coverage | 5 Regions |
8. | Country Coverage | Top 22 Countries |
9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
10. | Porter’s Five Forces Analysis | Yes. |
11. | Value Chain Analysis | Yes |
12. | PEST Analysis | Yes |
13. | Regulatory Landscape | Yes |
14. | Technology Landscape | Yes |
15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
16. | Top startups to watch out for | Yes |
17. | Top 3 Trends to Watch | Yes |
18. | Top 3 Strategies Followed by Major Players | Yes |
19. | Top 3 Predictions by Vantage Market Research | Yes |
20. | Discussion Guide | Yes |
21. | Key Primary Respondents - VERBATIM | Yes |
22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
23. | Others/Miscellaneous |
FAQ
Frequently Asked Question
What is the global demand for Engine Oil Additives in terms of revenue?
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The global Engine Oil Additives valued at 10.52 Billion in 2020 and is expected to reach 16.62 Billion in 2028 growing at a CAGR of 4.38%%.
Which are the prominent players in the market?
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The prominent players in the market are Lubrizol, Chevron Oronite, Jinzhou Kangtai, Infineum, Jinzhou Xinxing, Afton, Wuxi South, Chemtura, Tianhe..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 4.38%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Engine Oil Additives include
- The rising demand for fuel efficient vehicles is anticipated to augment the growth of the engine oil additive market over the forecast period. Engine oil additives help enhances the engine performance by maintaining the desired properties of the engine oil. Furthermore, it also prevent gaps in oil circulation, reduce friction of engine components , reduce foaming around the crankshaft , prevent build-up of sludge, extend the life of engine components, and extend the life of the engine oil. Owing to these benefits the engine oil additive market is expected to grow in the years to come.
- The implementation of stringent emission norms by the government regulatory especially for vehicles is anticipated to boost the growth of the engine oil additives market during the forecast period. The usage of engine oil additives leads to complete combustion of the fuel and helps lower the emission of harmful gases.
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Engine Oil Additives in 2020.