Press release
Automotive Crankcase Additives Market Increasing Demand with leading players, Revenue Growth, Industry Share, Forecast 2027
The study of the "Automotive Crankcase Additives Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027" provides the market size information and market trends along with the factors and parameters impacting it in both short and long term.The objectives of this study are as follows:
• To define, describe, and forecast the " Automotive Crankcase Additives" market by type, application, component, delivery model, end user, and region
• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Internal combustion engines are the primary power generating apparatus housed in an automobile. These engines run largely on four stroke principle, which makes it possible for lubricants to be accommodated in the sealed crankcase, wherein it is agitated continuously by the rotating crankshaft. Automotive crankcase additives are active chemical substances infused in the crankcase oil in order to achieve various desirable advantages from the engine, including, but not limited to improved performance, engine efficiency, emission control, control of contaminants and improve overall lubricating properties of the engine oil. Two stroke engines, which are largely being phased out, also utilize the potential of automotive crankcase additives but its chemical composition differs slightly from the four stroke engine crankcase additives as the substances are directly mixed into the fuel within the crankcase. The prices of the automotive crankcase additives were not affected much owing to the decrease in oil prices since the latter half of 2014, proving that the market of automotive crankcase additives is growing strong in the automotive industry. The prices of the raw materials required to synthesize automotive crankcase additives is on par and consistent without much fluctuations, offering healthy prospects and less hindrances in the growth of the market.
Automotive Crankcase Additives Market Dynamics
With the growing number of automobiles for both personal and commercial uses, the market for the automotive crankcase additives grows hand in hand with vehicle production and is projected to grow on a positive scale in the upcoming years. Vehicles have become more of a commodity than a luxury product owing to higher disposable incomes of the consumers leading to higher demand for automobiles thereby directly influencing the growth of automotive crankcase additives market. As the Governments of various countries strive for curbing vehicle emissions for a sustainable future, the importance of automotive crankcase additives is further augmented as these substances greatly help in reducing tailpipe emissions, strengthening the sustenance of the product in the market even further. One of the major hindrances that can affect the automotive crankcase market is the emergence of Hybrid Vehicles (HVs) and Electric Vehicles (EVs), which function primarily on stored electric power and less on Internal Combustion Engines, leading to less reliance on engines, thereby affecting the market.
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Automotive Crankcase Additives Market: Segmentation
Automotive Crankcase AdditivesMarket can be segmented as follows;
By vehicle type, the automotive crankcase additives market can be segmented as:
• Passenger cars
• Light Commercial vehicles
• Heavy Commercial vehicles
• Two Wheelers
By engine type, the automotive crankcase additives market can be segmented as:
• Petrol Engines
• Diesel Engines
• Others (Natural Gas, etc.)
By product type, the automotive crankcase additives market can be segmented as:
• Antioxidants
• Friction Modifiers
• Detergent Additives
• Rust Inhibitors
• Pour Point Depressants
• Viscosity Index Improvers (VII)
• Anti-Foam Agents
• Anti-Misting Agents
• Anti-wear Additives
• Dispersants
• De-waxing Agents
• Extreme Pressure (EP) Additives
• Others (Emulsifiers, etc.)
Automotive Crankcase Additives Market: Regional Outlook
In Asia Pacific region, the number of vehicles produced per year in China and India are higher than the numbers attained by major manufacturers in the Western Europe and North America regions. Vehicle production in these countries is steadily growing on a yearly basis. This factor along with large number of two wheelers in the Asiatic region contribute positively to the automotive crankcase additives market and is expected to expand even further in the upcoming years.
Automotive Crankcase Additives Market: Market Participants
Examples of some of the major players in the Global Automotive Crankcase Additives market, identified across the value chain include:
• ABRO Industries, Inc.
• Chemtura Corporation
• Afton Chemical Corporation
• Evonik Industries AG
• The Lubrizol Corporation
• Chevron Corporation
• Croda International Plc
• The Armor All/STP Products Company
• Brenntag Holding GmbH
• Royal Dutch Shell plc
• ENI SpA
• BRB International
• Vanderbilt Chemicals, LLC
• Petroleum Chemicals, LLC
• BASF SE
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
• Tailwinds and headwinds molding the market’s trajectory
• Market segments based on products, technology, and applications
• Prospects of each segment
• Overall current and possible future size of the market
• Growth pace of the market
• Competitive landscape and key players’ strategies
The main aim of the report is to:
• Enable key stakeholder’s in the market bet right on it
• Understand the opportunities and pitfalls awaiting them
• Assess the overall growth scope in the near term
• Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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