Engine Oil Additives Market
Engine Oil Additives Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0768
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
The report delivers an acute breakdown of the market based on various segments such as Type, Engine Type, Vehicle Type, and region. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecast, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Type, the market is divided into Anti-Oxidants, Dispersants, Detergents, Corrosion Inhibitors, Friction Modifiers, Antiwear Additives, Others. Anti-oxidants held the largest share in 2020 and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Engine Type, the market is divided into Diesel, Gasoline, Natural Gas, Others. Gasoline attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Engine Oil Additives Market: Type Segment Analysis
-
- Anti-Oxidants
- Dispersants
- Detergents
- Corrosion Inhibitors
- Friction Modifiers
- Antiwear Additives
- Others
Global Engine Oil Additives Market: Engine Type Segment Analysis
-
- Diesel
- Gasoline
- Natural Gas
- Others
Global Engine Oil Additives Market: Vehicle Type Segment Analysis
-
- Passenger Car
- Commercial vehicle
- Motorcycle
- Others
FAQ
Frequently Asked Question
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.
