Automotive Crankcase Additives Market Technologies, Developments, Key Players and Forecast to 2027
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North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa
The major players analyzed include ABRO Industries, Chemtura Corporation, Afton Chemical Corporation, Evonik Industries, The Lubrizol Corporation, Chevron, Croda International, Brenntag Holding, Royal Dutch Shell, and ENI.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Increase in production of the vehicles, rise in disposable income, and government regulations to reduce harmful emissions in the environment are driving the growth of the market. However, increase in sales of battery electric vehicles and less reliance on internal combustion engines are expected to hamper the growth of the market. On the contrary, advanced crankcase additives such as metal deactivators and corrosion inhibiting additives are expected to create an opportunity for the market investments.
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The global automotive crankcase additives market trends are as follows:
Government regulations to reduce harmful emissions in the environment
Environmental pollution and carbon discharge have increased globally, especially due to rise in number of vehicles on the road. Furthermore, vehicular emission hampers the health of humans due to which controlling the carbon emission has become necessary. Thereby, government is focusing on decreasing carbon emission of automobiles by imposing stringent regulations on manufacturers of new vehicles. For instance, numerous test procedures & protocols such as European program on emissions, fuels, and engine technologies (EPEFE) have been introduced by the European government so as to reduce the carbon emission. Therefore, stringent government regulations regarding vehicular carbon emissions is expected to foster the growth of the automotive crankcase additives market.
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Key benefits of the report:
1 This study presents the analytical depiction of the automotive crankcase additives industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive crankcase additives market.
3 The current market is quantitatively analyzed from 2019 to 2027 to highlight the automotive crankcase additives market growth scenario.
4 We can also determine additives will remain a significant revenue shareholder in the global automotive crankcase additives market through the predictable future.
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