A Close Look At The Latest Research Trends Within The Engine Oil Additives Market
Posted: Oct 28, 2018
Selected Value Chain Analysis done in the Engine Oil Additives Market report:
- Engine oil additives are developed from chemical compounds in the laboratory. Additives manufacturers procure chemical compounds such as ZDDP, calcium sulfonate, hindered phenol and others, from chemical manufacturers or suppliers to produce additives for the engine oil, either in packaged form or as single agents.
- Procuring chemical compounds is the first step in the value chain of engine oil additives. There are many suppliers of raw material, which are used for manufacturing additives. In some cases, the composition of additives packages depends on the OEM (Original Equipment Manufacturer) requirements and type of engine oil being manufactured.
- It is very important for the additives manufacturer to retain fair relations with raw materials suppliers, OEM partners and other industry groups. Close contact with them will help to develop better products for the industry.
Excerpts on Engine Oil Additives Market Growth Factors:
- The demand for these additives is growing with the increase in the demand for engine oil.
- Asia Pacific is the fastest growing region for this market. Higher sales of commercial vehicles, passenger cars as well as motorcycles in the APAC are the reasons behind the lucrative APAC engine oil additives market.
- Asia is the new growing hub for additives market due to the growth in the end user industry which is passenger car, commercial vehicle and motorcycle.
- Apart from China and India, due to high motorcycle production in Indonesia and Thailand, additives consumption also increased.
- In the European region, Germany and Russia are the largest markets for engine oil additives. Whereas, in terms of growth rates till 2020, the U.K. engine oil market will grow at a higher growth rate as compared to Russia, owing to the increasing fleet size for heavy duty commercial vehicles.
- Engine oil manufacturers buy additives in bulk due to the huge requirement in manufacturing to meet the growing demand for engine oil.
- Commercial vehicle is the largest end user of engine oil additives, and is anticipated to reach $4.87 billion by 2023 at a CAGR of 2.5%.
- Europe is the leading market for passenger car engine oil additives, and is anticipated to reach $1.42 billion by 2023 at a CAGR of 3.0%.
- Asia Pacific is the second largest market for commercial vehicle engine oil additives, and is estimated to reach $1.14 billion by 2023 at a CAGR of 2.10%.
- Natural gas engine oil additive is constantly growing, and is estimated to acquire a huge share in the engine oil additives market in future.
- Engine oil manufacturer for passenger car and commercial vehicle is the largest end user of engine oil additives in the U.S. All countries in America have a very high proportion of vehicles with respect to population, but in the last two years the growth for new vehicular registration is observing a slow rate of growth as the market has reached maturity.
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Key players of Engine Oil Additives Market:
- Afton Chemical Corporation dominates the Engine Oil Additives Market and the other key players include Lubrizol Corporation, Chevron Corporation, BASF SE, and Evonik Oil Additives USA Inc.
- Chevron Corporation holds the largest share in the engine oil additives, followed by Lubrizol Corporation and BASF SE. BASF SE invested highest share of capital for R&D to improve its product portfolio. High EBITDA of Chevron Corporation as compared to other players, indicates the high profitability of the company.
Engine Oil Additives Market Report is segmented as indicated below
Engine Oil Additives Market By Type:
- Anti-wear additives
- VI Improvers
- Corrosion Inhibitors
- Friction modifiers
Engine Oil Additives By Engine Type
- Natural Gas
Engine Oil Additives Market By End Users
- Passenger Car
- Commercial Vehicle
Engine Oil Additives Market By Geography (Covers 13+ countries)
Engine Oil Additives Market By Entropy
Companies Cited/Referenced/Interviewed in Engine Oil Additives Market:
- Vanderbilt Chemicals, LLC
- Petroleum Chemicals, LLC
- Infineum International Ltd
- Total Sales Revenue
- Croda International PLC
- Company 7
- Company 8
- Company 9
- Company 10+
What can you expect from the report?
The Engine Oil Additives Market is Prepared with the Main Agenda to Cover the following 20 points:
- Market Size by Product Categories
- Market trends
- Manufacturer Landscape
- Distributor Landscape
- Pricing Analysis
- Top 10 End user Analysis
- Product Benchmarking
- Product Developments
- Mergers & Acquisition Analysis
- Patent Analysis
- Demand Analysis (By Revenue & Volume)
- Country level Analysis (15+)
- Competitor Analysis
- Market Shares Analysis
- Value Chain Analysis
- Supply Chain Analysis
- Strategic Analysis
- Current & Future Market Landscape Analysis
- Opportunity Analysis
- Revenue and Volume Analysis
Does IndustryARC publish country, geography or application based reports in Engine Oil Additives Market?
Yes, we do have separate reports as mentioned below:
- Americas Market for Engine Oil Additives Report(2018-2023)
- Europe Market for Engine Oil Additives Growth (2018-2023)
- APAC Market for Engine Oil Additives Analysis(2018-2023)
- RoW Market for Engine Oil Additives Share(2018-2023)
- Anti-oxidants Market for Engine Oil Additives Insights(2018-2023)
- Detergents Market for Engine Oil Additives Value(2018-2023)
- Dispersants Market for Engine Oil Additives (2018-2023)
- Anti-wear additives Market for Engine Oil Additives (2018-2023)
- VI Improvers Market for Engine Oil Additives (2018-2023)
- Corrosion Inhibitors Market for Engine Oil Additives (2018-2023)
- Friction Modifiers Market for Engine Oil Additives (2018-2023)
- PPD Market for Engine Oil Additives (2018-2023)
- Gasoline Market for Engine Oil Additives (2018-2023)
- Diesel Market for Engine Oil Additives (2018-2023)
- Natural Gas Market for Engine Oil Additives (2018-2023)
- Passenger Car Market for Engine Oil Additives (2018-2023)
- Commercial Vehicle Market for Engine Oil Additives (2018-2023)
- Motorcycle Market for Engine Oil Additives (2018-2023)
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- Increase the level of data in application or end user industry.
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IndustryArc is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation