Driveline Additives Market Size(Volume & Value), Growth and Development Trends 2017-2025

The report analyzes and presents an overview of "Driveline Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" worldwide.

The main objective of this report is to define, describe, and forecast the global “Driveline Additives” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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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 necessary. Additives added to transmission fluid formulations or gear oils decrease friction and eliminate heat. High-pressure anti-wear additives are used to prevent equipment failure and downtime caused by scuffing, wearing, spalling, pitting, scoring, and other types of distress. Protection against oxidation, thermal degradation, rust, copper corrosion, and foaming is also provided by driveline additive.

The driveline additives market is driven by the increasing need for extended service drain breaks for axle fluids and transmission fluids, growth in vehicles production, rise in consumer preference toward improving fuel efficiency of vehicles, and increase in on-road and off-road vehicle parc. The global driveline additives market is expected to expand significantly in the near future, owing to the implementation of stringent emission regulations globally and continuous requirement for hardware durability. The automobile industry is driven by the rising demand for automobiles in developing economies such as China and India. This, in turn, is boosting the requirement for finished lubricants, thereby increasing the demand for driveline additives.

The driveline additives market is constantly changing owing to the continuous evolution of the driveline industry. Developments such as increased vehicle production, emissions legislation, and globalization and localization, especially in India, have a significant impact on the industry driveline lubricant needs. However, fluctuating raw material prices and high cost of driveline additives as compared to conventional additives are expected to hinder the market.

The driveline additives market can be segmented based on application, product, additive type, and region. In terms of application, the market can be segmented into off-highway vehicles, commercials vehicles, and passenger vehicles. In terms of product, the market can be divided into gear oil additives, transmission fluid additives, and others. Based on additive type, the market can be classified into viscosity index improvers, dispersants, anti-wear agents, corrosion inhibitors, detergents, friction modifiers, antioxidants, emulsifiers, and others.

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In terms of geography, the driveline additives market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of volume, Asia Pacific is likely to dominate the global driveline additives market during the forecast period, owing to the presence of developing economics such as China, India, and Indonesia in the region. Moreover, rapid growth of the automobile industry in countries, such as India, China, Iran, Indonesia, Vietnam, and Philippines is anticipated to augment the growth of the market during the forecast period. In terms of consumption, Asia Pacific led the global driveline additives market in 2016, followed by North America and Europe. Furthermore, the market in Asia Pacific is projected to expand at a significant pace. China is dominating the market in the region, owing to the vast growth in its economy, increase in population, rise in industrialization and expansion of the automotive industry. Implementation of stringent government norms concerning volatile organic content (VOC) emissions from automobiles in countries such as China and India is anticipated to further boost the driveline additives market in Asia Pacific. The market in Europe and North America is expected to expand at a high pace during the forecast period, while the market in Middle East & Africa and Latin America is likely to expand at a moderate pace during the forecast period.

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

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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