Engine Oil Additive Market, Opportunity Assessment, Market Challenges, Key vendor analysis, Vendor landscape by 2030

Engine Oil Additive Market Overview 

The Engine Oil Additive Market is expected to reach about 11 billion by the end of the forecast year. Engine oil additives are chemical substances that are used to increase the performance of engine oils. When paired with other additions, additives are chosen for their ability to achieve specific objectives. They’re made to function with a specific base oil and for a specific application. Among the most frequent types of functional additives include antioxidants, dispersants, detergents, anti-wear agents, viscosity modifiers, demulsifiers, and extreme-pressure additives. Engine oil’s most common end-use application is in automobiles. Engine oil additives are also utilized in a wide range of industrial applications, including metalworking fluids, industrial engine oils, and so on.

The engine oil additives market is growing rapidly as a result of extensive research and development efforts by leading producers to develop oil additives and improved base oils. In addition, the growing automobile industry and industrialization in a developing country are propelling the Engine Oil Additive Market forward. The engine oil additives market is being driven by the increased demand for fuel-efficient automobiles. Engine oil additives boost engine performance by preserving the good characteristics of the engine oil. The implementation of strict emission laws, notably for cars, is another driver of the Engine Oil Additive Market. Engine oil additives allow for complete combustion of the fuel, resulting in lower emissions of harmful gases. However, fluctuating oil prices and restrictive government regulations are projected to stifle global business growth.

The COVID-19 pandemic has wreaked havoc on people’s lives all around the globe. Every company must battle on two fronts to survive this forced recession: health and finances. With the global recession costing hundreds of billions of dollars, there is growing evidence that the recovery will take much longer than expected, maybe well into early next year.

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Key Players

The major market players in the market are

• BASF SE
• Evonik
• LANXESS
• Chevron Oronite
• Croda International Plc
• Lubrizol Corporation
• Infineum International Ltd
• Vanderbit Chemicals LLC
• Lanzhou Lanlian Additive Co., Ltd
• Jinzhou Kangtai Lubricant Additives Co., Ltd.
• Wuxi South Petroleum Additive Co., Ltd.
• Afton Chemical Japan Corporation

Engine Oil Additive Market Segmentation

Based on the application, the Engine Oil Additive Market is segmented into antioxidants, detergents, corrosion inhibitors, dispersants, friction modifiers, and others.

Based on the end-users, the Engine Oil Additive Market is segmented into automotive, industrial, and others.

Based on the region,  the Engine Oil Additive Market is segmented into North America, Europe, Asia-pacific, the Middle East & Africa, and Latin America.

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Regional Classification

The North American market for engine oil additives is the largest due to the extreme region’s large-scale manufacturing, strict regulations, and established automotive sector. In Europe, government regulations, contemporary technology, and well-established businesses are boosting demand for engine oil additives. Because of the region’s increasing vehicle sector, Asia-Pacific is the fastest-growing regional market. Emerging economies like India, China, and Thailand have the greatest development potential. As a result of greater emphasis on improving industrial productivity and increased knowledge among end-users, demand for Engine Oil additives is growing in the Middle East and Africa. Because of increased demand from the region’s primary end-use sectors, the Latin American market for Engine Oil additives is predicted to rise significantly.

Recent Development

April 2021 : Valvoline Inc., an affluent developer of premium lubricants as well as automotive services based in the United States, has introduced ValvolineTM High Mileage 150k containing MaxLifeTM Plus Technology Synthetic Blend, which is the first-ever engine oil created to cater to the unique requirements of engines with more than 150,000 miles. The engine oil’s advanced formula helps bring down the total oil consumption in high mileage, older engines, while the Moly Additive ProtectionTM in the oil offers impressive wear protection, enhancing the engine power as well as performance.

July 2021 : Graphene-XT, the Graphene Flagship partner company, has launched a lubricating oil additive for petrol and diesel engines for motorcycles and cars. The company’s research team has studied the role of graphene in making oil stable, carrying out high-intensity analysis in a motocross motorcycle’s engine. Using graphene as an additive in the lubricating oil, the team has developed Graphene-XT that helps enhance the stability and performance of the oil, leading to higher compression and reduced wear & tear in various engine parts of both motorcycles and cars.

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Table of Content

1 Executive Summary

2 Scope Of TheReport

2.1 Market Definition

2.2 Scope Of The Study

2.3 List Of Assumptions

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Factor Analysis

4.1 Supply Chain Analysis

4.1.1 Raw Form Suppliers

4.1.2 Manufacturers/Service Providersof Engine Oil Additive

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

4.1.4 End-Use Industries

4.2 Porter’s Five Forces Model

4.2.1 Threat Of New Entrants

4.2.2 Intensity Of Competitive Rivalry

4.2.3 Threat Of Substitutes

4.2.4 Bargaining Power Of Suppliers

4.2.5 Bargaining Power Of Buyers

4.3 Pricing Analysis

5 Market Dynamics Of Global Engine Oil Additive Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

6 Global Engine Oil Additive Market,By Type

6.1 Introduction

6.2 Anti-Oxidants

6.2.1 Market Estimates & Forecast, 2018-2027

6.2.2 Market Estimates & Forecast, By Region, 2018-2027

6.3 Detergents

6.3.1 Market Estimates & Forecast, 2018-2027

6.3.2 Market Estimates & Forecast, By Region, 2018-2027

6.4 Corrosion Inhibitors

6.4.1 Market Estimates & Forecast, 2018-2027

6.4.2 Market Estimates & Forecast, By Region, 2018-2027

6.5 Dispersants

6.5.1 Market Estimates & Forecast, 2018-2027

6.5.2 Market Estimates & Forecast, By Region, 2018-2027

6.6 Friction Modifiers

6.6.1 Market Estimates & Forecast, 2018-2027

6.6.2 Market Estimates & Forecast, By Region, 2018-2027

6.7 Others

6.7.1 Market Estimates & Forecast, 2018-2027

6.7.2 Market Estimates &Forecast, By Region, 2018-2027

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