Engine Oil Additives Market

Engine Oil Additives Market 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) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Engine Oil Additives in terms of revenue?

    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?

    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?

    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.

    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?

    Asia Pacific was the leading regional segment of the Engine Oil Additives in 2020.

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