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
Research Methodology: Engine Oil Additives Market - Global Market Assessment, 2021 - 2028
The global Engine Oil Additivesmarket research study involves reliable research methodology to arrive at the market estimations and forecasts. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Moreover, the information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Engine Oil Additives supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Engine Oil Additives market size at regional and country level
- Market size and forecast by , , and
- Key industry players and their market share and Engine Oil Additives market-specific sales/revenue
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Engine Oil Additives supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Engine Oil Additives market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Engine Oil Additives market.
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.
