Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.52 Billion | USD 17.47 Billion | 5.2% | 2024 |
The global driveline additives market size was worth around USD 10.52 Billion in 2024 and is predicted to grow to around USD 17.47 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.2% between 2025 and 2034. The report analyzes the global driveline additives market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the driveline additives industry.
Driveline additives are devised to enhance vehicle performance in terms of fuel conservation as well as the longevity of the vehicles. For achieving maximum lubrication, the use of driveline additives is necessary in automobiles. These products when added to transmission fluid formulations reduce friction and annihilate heat. Furthermore, driveline additives such as high-pressure anti-corrosive additives are utilized for preventing downtime or device failure due to scuffing, spalling, wear & tear, and scoring. These products shield & safeguard the vehicles from heat degradation, foams, and copper rusting.
Growing demand for low fuel consumption in vehicles to boost the global market surge by 2030
Escalating consumer preference for the buyout of energy-conserving automobiles along with on-road as well as off-road application of driveline additives will boost the market expansion over the ensuing years. Apart from this, strict execution of fuel emission norms will augment the expansion of the global market over the forecast timeline. An increase in automotive manufacturing and globalization will aggrandize the scope of the business over the forthcoming years.
Furthermore, an increase in the proportion of gears in manual broadcasts will propel the expansion of the market in the years to come. In addition to this, strategic partnerships among the vehicle device producers and lubricant & additive dealers along with large-scale fund allocation for research activities will propel the global market expansion in the next couple of years. New product launches and the establishment of new production units are slated to make lucrative contributions to the global market size in the upcoming years. For instance, in May 2018, The Lubrizol Corporation, a key U.S.-based firm providing specialty chemicals for consumer, transport, and specialty chemicals sectors, established a new additive production unit in China aimed at expanding its presence in the Asia-Pacific region and as a part of its long-term investment initiative.
Financial instability minimizing vehicle production can put brakes on the global industry expansion over the forecast period
Economic downturns can result in a reduction in automotive production, low customer expenditure on vehicle maintenance, and a slowdown in aftermarket, thereby restricting the growth of the global driveline additives industry. Oscillations in the raw component costs can decimate the expansion of the global industry in the upcoming years.
Rise the need for improving fuel efficiency in automotive to expand the scope of the global market demand over 2025-2034
A surge in fuel prices and a rise in the customer preference for enhancing the fuel efficacy of automobiles are predicted to open new growth avenues for the global driveline additives market. Apart from this, strict enforcement of emission norms globally will further steer the expansion of the market globally. Product innovations will translate into huge market elevations in the years ahead.
Less knowhow about the product benefits among the consumer can prove as a big challenge for the global industry
Lack of awareness about the benefits of the product among the customers has made them hesitant towards product acceptance, thereby posing a huge challenge for the global driveline additives industry. Restricted use of the product due to strict legislation over product use in some of the emerging economies can further stagnate the expansion of the industry in the years ahead.
The global driveline additives market is sectored into vehicle, product, additive, and region.
In product terms, the global driveline additives market is segregated into gear oil additives, transmission fluid additives, and others segments. Furthermore, the transmission fluid additives segment, which acquired approximately half of the global market share in 2024, is prognosis to register the fastest rate of growth in the next couple of years. The growth of the segment during the assessment timeframe can be attributed to the surging focus of OEMs on fuel conservation along with the escalating acceptance of new technologies such as dual-clutch by firms.
Based on the additive, the global driveline additives industry is sectored into passenger vehicles, commercial vehicles, and off-highway vehicles segments. Moreover, the passenger vehicles segment, which accumulated the largest share of the global industry in 2024, is predicted to dominate the segmental space in the upcoming years. The expansion of the segment in the ensuing years can be owing to a rise in the use of driveline additives in lubricants used massively in the lubrication of passenger cars.
Based on the vehicle, the driveline additives market globally is bifurcated into dispersants, viscosity anti-wear agents, index improvers, emulsifiers, friction modifiers, corrosion inhibitors, detergents, antioxidants, and others segments.
On the basis of Application, the global driveline additives market is bifurcated into Passenger Vehicles, Commercial Vehicles, Off-road Vehicles, Industrial Equipment.
By End-user, the global driveline additives market is split into Automotive OEMs, Aftermarket, Industrial Manufacturers.
Report Attributes | Report Details |
---|---|
Report Name | Driveline Additives Market |
Market Size in 2024 | USD 10.52 Billion |
Market Forecast in 2034 | USD 17.47 Billion |
Growth Rate | CAGR of 5.2% |
Number of Pages | 209 |
Key Companies Covered | Vanderbilt Chemicals LLC, Evonik Industries, VPS Lubricants, Afton Chemical Corp., BASF SE, Infineum International Ltd., Chevron Oronite Company, Lubrilic, The Dow Chemical Company, The Lubrizol Corporation, International Petroleum and Additives Company Inc., Petroleum Chemicals LLC, AB Petrochem Pvt Ltd., BRB International B.V., and others., and others. |
Segments Covered | By Additive Type, By Application, By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is predicted to maintain its dominant position in the global Driveline Additives market over the prognosis timespan
Asia-Pacific, which amassed nearly three-fourths of the global driveline additives market revenue share in 2024, is predicted to dominate the regional landscape in the upcoming years. Additionally, the regional market expansion over the years ahead can be attributed to an increase in the population base and swift industrialization along with the flourishing automotive sector in countries such as Malaysia, South Korea, India, and Thailand will steer the regional market trends. Apart from this, strict implementation of regulations for regulating volatile organic compound emissions will embellish the growth of the market in the region.
The European driveline additives industry is set to register the highest CAGR in the ensuing years subject to the presence of key players in the European countries such as Germany, France, Spain, Italy, and the UK. Apart from this, a prominent increment in the use of products in the various end-use industries will proliferate the industry size in the continent.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the driveline additives market on a global and regional basis.
The global driveline additives market is dominated by players like:
The global driveline additives market is segmented as follows;
By Additive Type
By Application
By End-user
By Region
FrequentlyAsked Questions
Driveline additives are devised to enhance vehicle performance in terms of fuel conservation as well as the longevity of the vehicles. For achieving maximum lubrication, the use of driveline additives is necessary in automobiles.
The global driveline additives market is expected to grow due to increasing demand for fuel efficiency, emission reduction, and enhanced vehicle performance in both passenger and commercial vehicles.
According to a study, the global driveline additives industry size was $9.11 billion in 2022 and is projected to reach $15.11 billion by the end of 2030.
According to a study, the global driveline additives market size was worth around USD 10.52 Billion in 2024 and is expected to reach USD 17.47 Billion by 2034.
The global driveline additives market is expected to grow at a CAGR of 5.2% during the forecast period.
North America is expected to dominate the driveline additives market over the forecast period.
Leading players in the global driveline additives market include Vanderbilt Chemicals LLC, Evonik Industries, VPS Lubricants, Afton Chemical Corp., BASF SE, Infineum International Ltd., Chevron Oronite Company, Lubrilic, The Dow Chemical Company, The Lubrizol Corporation, International Petroleum and Additives Company Inc., Petroleum Chemicals LLC, AB Petrochem Pvt Ltd., BRB International B.V., and others., among others.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed