Driveline Additives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2024

Report Code: ZMR-3336 | Report Format : | Status : Upcoming |

Abstract

Global Driveline Additives Market: Overview

Driveline additives are designed to optimize automotive performance. In order to achieve optimal lubrication, proper knowledge of both equipment and properties of the base fluids and additives is essential. The additive added to transmission fluid formulations or gear oils decreases friction and removes heat. Intense pressure anti-wear additives are utilized to preclude wearing, scuffing, spalling, pitting, scoring, and various types of distress that may cause in equipment failure and downtime. Protection against copper corrosion, oxidation, rust, thermal degradation, and foaming is provided by using driveline additive.

Global Driveline Additives Market: Growth Factors

The driveline additives market is driven by factors such as the increasing need of extended service drain breaks for axle fluids & transmission fluids and growth in vehicles production. Moreover, increasing consumer preference toward improving fuel efficiency of vehicles and increase in on-road and off-road vehicle parking are further factors accelerating the market growth. Furthermore, close collaboration between automotive original equipment manufacturers (OEMs), lubricant and additive suppliers, and increasing investments in developing regions are other factors growing the demand of the market. Nevertheless, some factors are expected to hinder the market growth such as high cost of driveline additives as compared to conventional additives and changeable raw material prices. The implementation of stringent emission regulations globally and continuous requirement for hardware durability are expected to create significant opportunities for the market players.

Global Driveline Additives Market: Segmentation

The global driveline additives market is segmented on the basis of product, additive type, application, and region. Based on product, the market is fragmented into transmission fluid additives, gear oil additives, and others. In terms of application, the market is segregated into passenger vehicle, commercial vehicle, and off-highway vehicle. The additive type segment of the market is further segmented into anti-wear agents, viscosity index improvers, dispersants, detergents, corrosion inhibitors, emulsifiers, friction modifiers, antioxidants, and others.

Global Driveline Additives Market: Regional Analysis

Asia Pacific holds the significant market share and is expected to dominate the global driveline additives market during the forecast period. The prime factor responsible for immense growth of market in region is the presence of developing economics such as China and India in the region. In addition, rapid growth of the automobile industry in countries, such as India and China is projected to augment the market growth during the forecast period. China is dominating the market globally due to the vast growth in its economy, increase in population, rise in industrialization and expansion of the automotive industry. Stringent government regulation pertaining to volatile organic content (VOC) emissions from automobiles in the region is expected to boost the market in Asia Pacific. The market in Europe and North America is expected to expand at a high pace during the forecast period. The market in Middle East & Africa and Latin America is likely to expand at a lower rate comparatively during the forecast period.

Global Driveline Additives Market: Competitive Players

Some of the important major players in the global driveline additives market are International Petroleum and Additives Company Inc., Petroleum Chemicals, LLC, BRB International B.V., VPS Lubricants, The Lubrizol Corporation, LLC, BASF SE, Infineum International Ltd., Vanderbilt Chemicals, Afton Chemical Corporation, Chevron Oronite Company, LLC., AB Petrochem Pvt. Ltd., Lubrilic Corporation, and Evonik Industries.

Global Driveline Additives Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Polyethylene Naphthalate (PEN) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3895 | Report Format:

Global Polyethylene Naphthalate (PEN) Market: Overview Polyethylene naphthalate are basically polyesters that are derived by the process of polycondensation involving naphthalene dicarboxylic acid and ethylene glycol. Various market players are experimenting with products made from polyethylene ...Read More

Pharmacovigilance Outsourcing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3881 | Report Format:

Global Pharmacovigilance Outsourcing Market: Overview The field of Pharmacovigilance globally represents the picture of drug effectiveness, safety, and associated risk detection. It is expected that even life science manufacturers will become more proactive due to the adoption of Pharmacovigilan...Read More

Choline Chloride Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3878 | Report Format:

Global Choline Chloride Market: Overview Choline chloride, also known as Hepacholine, Biocolina, and Lipotril is a quarternary ammonium salt that contains choline cation and a chloride anion. In the laboratory, it is prepared by methylation of methyl Chloride with dimethyl ethanolamine. Choline ...Read More

Polylactic Acid (PLA) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3871 | Report Format:

Global Polylactic Acid (PLA) Market: Overview Polylacticacid (PLA) is a biodegradable as well as bioactivethermoplasticaliphaticpolyesterderived fromrenewable resources such ascorn starch,cassavaroots, chips, or starch (mostly in Asia), orsugarcane(in the rest of the world). In 2010, PLA had the...Read More

PU Films Market by Type (Polyester and Polyether), by Function (Thermoplastic-Based and Thermoset-Based), and by End-Use Industry (Automotive & Aerospace, Textile & Leisure, Medical, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Feb-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3865 | Report Format:

The report covers a forecast and an analysis of the PU films market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on volume (Kilotons) and revenue (USD Million). The study includes drivers and restraints of the PU...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.