The global driveline additives market size was US$ 7.4 billion in 2021. The global driveline additives market size is forecast to reach US$ 10.35 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.9% during the forecast period from 2022 to 2030.
The design of driveline additives increases vehicle performance in terms of fuel efficiency and lifespan. In order to obtain appropriate lubrication, automobiles require driveline additives. These items minimize friction and eliminate heat when put into transmission fluids. Driveline additives, such as high-pressure anti-corrosive additives, are also used to prevent scuffing, spalling, wear and tear, and scoring from causing device failure or downtime. These products shield autos against heat, foam, and copper corrosion.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market growth. Several governments worldwide imposed lockdown in order to combat the spread of the COVID-19. As a result, the vehicle manufacturing plants had to shut down suddenly. Furthermore, the scarcity of labor and components reduces vehicle sales. However, as most industrial operations gradually resume, product demand is likely to increase at a critical rate.
Regional Insights
The Asia Pacific is forecast to substantial market share during the forecast period. As a result of the growing agricultural activities and automobile sector. The increasing disposable income has led to the rise in demand for vehicles across passenger and commercial applications. In addition, the rising concerns over VOC (volatile organic content) emissions have given an increase in stringent government regulations. Growing industrialization and the increasing population base are factors fueling the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global driveline additives market are:
Scope of the Report
The global driveline additives market segmentation focuses on Vehicle Type, Additive Type, Product Type, and Region.
Segmentation based on Vehicle Type
Segmentation based on Additive Type
Segmentation based on Product Type
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL DRIVELINE ADDITIVES MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL DRIVELINE ADDITIVES MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL DRIVELINE ADDITIVES MARKET, BY VEHICLE TYPE
5.1 OVERVIEW
5.2 PASSENGER VEHICLES
5.3 COMMERCIAL VEHICLES
5.4 OFF-HIGHWAY VEHICLES
6 GLOBAL DRIVELINE ADDITIVES MARKET, BY ADDITIVE TYPE
6.1 OVERVIEW
6.2 ANTI-WEAR AGENTS
6.3 ANTIOXIDANTS
6.4 CORROSION INHIBITORS
6.5 FRICTION MODIFIERS
6.6 EMULSIFIERS
6.7 OTHERS
6.8 VISCOSITY INDEX IMPROVERS
6.9 DETERGENTS
7 GLOBAL DRIVELINE ADDITIVES MARKET, BY PRODUCT TYPE
7.1 OVERVIEW
7.2 TRANSMISSION FLUID ADDITIVES
7.3 GEAR OIL ADDITIVES
7.4 OTHERS
8 GLOBAL DRIVELINE ADDITIVES MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL DRIVELINE ADDITIVES MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
10 COMPANY PROFILES
10.1 AB PETROCHEM PVT. LIMITED
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.2 AFTON CHEMICAL CORPORATION
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.3 BASF SE
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.4 BRB INTERNATIONAL B.V.
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.5 CHEVRON ORONITE COMPANY, LLC.
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.6 EVONIK INDUSTRIES AG
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.7 INTERNATIONAL PETROLEUM & ADDITIVES COMPANY, INCORPORATED
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.8 THE LUBRIZOL CORPORATION
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.9 VANDERBILT CHEMICALS, LLC.
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.10 VPS LUBRICANTS
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
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