Driveline Additives Market
Driveline Additives Market By Type (Transmission Fluid Additives, Gear Oil Additives), By Application (Passenger Cars, Commercial Vehicles, Off-highway Vehicles), By Region - Global Forecast 2020 to 2029
Analysis of Driveline Additives market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Driveline Additives Market Outlook
The global driveline additives market is projected to grow at a CAGR of around 5% during the forecast period, 2019 to 2029. By type, Transmission fluid additive is projected to continue its reign in the market and is expected to account for over half of the market by 2029.
Passenger cars have dominated the driveline additives market in 2018 and are set to drive the demand for driveline additives with a leading growth rate over other applications.
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Shift towards Automatic and Dual-Clutch Transmission to Fuel Driveline Additives Market Growth
Automatic and continuous variable transmission is set to gain traction over the forecast period, which will accelerate the demand for driveline additives. Efficacy to offer unique metal friction and optimized driveline performance will propel the demand for driveline additives.
Rising fuel costs and growing consumer inclination for improving fuel efficiency of vehicles is poised to drive the market over the next few years. Driveline additives market is projected to grow at a higher rate over conventional lubricant additives market, due to its numerous on-road and off-road applications.
Owing to its increasing off-road applications in agriculture, construction, mining and forestry heavy machinery the global driveline additives market accounted for over 35% share of the global lubricant additives market in 2018.
The production of driveline additives is anticipated to soar in East Asia with a corresponding spurt in demand. This can be attributed to the growing popularity of automatic transmission cars in countries such as China as well as an increase in the number of domestic players.
Owing to the aforementioned factors, the prices for driveline additives in this region are projected to witness a steady course during the forecast period.
Extended Drain Intervals and Improved Temperature Stability to Spur Demand
Increasing adoption of continuous variable transmission (CVT) and development of transmissions with high operational temperatures, along with a need for longer drain intervals is expected to generate heightened demand for driveline additives over the forecast period. Proliferation of the number of vehicles manufactured globally coupled is a key driving factor for the market’s growth.
Additionally, OEM requirements for extended drain, fuel efficiency, and temperature stability will create a positive environment for the market’s growth during the forecast period.
Prominent players are constantly striving to improve lubricant quality to ensure adherence of vehicles to stringent carbon emission norms across the world, where driveline additives will play a key role in reducing carbon emissions from vehicles.
Increasing demand for aftersales services from customers and consistent demand for efficient lube quality from OEMs are poised to fuel the market growth at a rate of ~5% during the forecast period.
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East Asia to Accelerate Demand for Driveline Additives
APEJ is projected to register leading growth rate in the driveline additives market among other regions and is forecast to account for over one-fourth of the revenue share by 2029. Continuous growth in emerging economies such as China and India are poised to drive the regional demand and will contribute towards market growth throughout the forecast period.
Automatic transmission cars are becoming a popular choice in China and the country has witnessed notable growth in premium cars, which will significantly propel the demand for driveline additives. However, Europe has led the demand for driveline additives and is projected to account for over one-third of the market by the end of 2029.
Increasing preference for dual-clutch transmission will contribute to Europe's driveline additives market’s growth. European construction equipment market is poised to grow at a CAGR of ~7% in upcoming years which will create numerous opportunities in the driveline additives market.
Companies are Anchoring Their Presence in Emerging Economies
Global driveline additives market is partially fragmented, in which Afton Chemical Corporation, BASF SE, BRB International, Chevron Oronite Company, LLC, Lubrizol Corporation, and Vanderbilt Chemicals, LLC are the key stakeholders.
In recent years prominent players have been involved in the commercialization of their products to leverage immense potential in the market. Players are also involved in corporate tie-ups with automotive OEMs to retain their existing customers and deliver caustomized products.
- For instance, Afton Chemical Corporation is working with OEMs to meet today’s OEM requirements for extended drain, fuel efficiency, and temperature stability.
- Lubrizol has developed sulfur-phosphorus based chemistry to meet the performance needs of hypoid gears. The company is focusing on creating its monopoly in the market by offering thermally stable additive technology to meet the needs of higher speeds and loads.
The above illustrations are signaling that companies are adopting a range of strategies to strengthen their market position to leverage huge opportunities in the market.
Furthermore, momentum towards more complex, sophisticated drivetrains and an increasing gear ratio spread will generate remunerative opportunities for market players.
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Driveline Additive Market: Segmentation
Fact.MR has segmented the driveline additives market on the basis of type, application, and region.
-
Type :
- Transmission Fluid Additives
- Gear Oil Additives
-
Application :
- Passenger Cars
- Commercial Vehicles
- Off-highway Vehicles
-
Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background
- 5. Global Market Demand Analysis 2014 to 2018 and Forecast, 2019 to 2029
- 6. Global Market - Pricing Analysis
- 7. Global Market Demand (in Value or Size in US$ Mn) Analysis 2014 to 2018 and Forecast, 2019 to 2029
- 8. Global Market Analysis 2014 to 2018 and Forecast 2019 to 2029, by Type
- 8.1. Transmission Fluid Additives
- 8.2. Gear Oil Additives
- 9. Global Market Analysis 2014 to 2018 and Forecast 2019 to 2029, By Application
- 9.1. Passenger Cars
- 9.2. Commercial Vehicles
- 9.3. Off-highway Vehicles
- 10. Global Market Analysis 2014 to 2018 and Forecast 2019 to 2029, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. APEJ
- 10.6. Japan
- 10.7. Middle East & Africa (MEA)
- 11. North America Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 12. Latin America Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 13. Western Europe Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 14. Eastern Europe Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 15. APEJ Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 16. Japan Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 17. Middle East & Africa Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 18. Emerging Countries Market Analysis 2014 to 2018 and Forecast 2019 to 2029
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. Afton Chemical Corporation
- 20.2. BASF SE
- 20.3. BRB International
- 20.4. Chevron Oronite Company, LLC
- 20.5. Infineum International Limited
- 20.6. Lubrilic
- 20.7. Lubrizol Corporation
- 20.8. Vanderbilt Chemicals, LLC
- 21. Assumptions and Acronyms Used
- 22. Research Methodology
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List Of Table
Table 1. Global Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 2. Global Market Value (US$ Mn), by Type (2014 to 2029)
Table 3. Global Market Volume (Kilo tons), by Application (2014 to 2029)
Table 4. Global Market Value (US$ Mn), by Application (2014 to 2029)
Table 5. Global Market Volume (Kilo tons), by Region (2014 to 2029)
Table 6. Global Market Value (US$ Mn), by Region (2014 to 2029)
Table 7. North America Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 8. North America Market Value (US$ Mn), by Type (2014 to 2029)
Table 9. North America Market Volume (Kilo tons), by Application (2014 to 2029)
Table 10. North America Market Value (US$ Mn), by Application (2014 to 2029)
Table 11. North America Market Volume (Kilo Tons), by Country (2014 to 2029)
Table 12. North America Market Value (US$ Mn), by Country (2014 to 2029)
Table 13. Latin America Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 14. Latin America Market Value (US$ Mn), by Type (2014 to 2029)
Table 15. Latin America Market Volume (Kilo tons), by Application (2014 to 2029)
Table 16. Latin America Market Value (US$ Mn), by Application (2014 to 2029)
Table 17. Latin America Market Volume (Kilo tons), by Country (2014 to 2029)
Table 18. Latin America Market Value (KUS$ Mn), by Country (2014 to 2029)
Table 19. Western Europe Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 20. Western Europe Market Value (US$ Mn), by Type (2014 to 2029)
Table 21. Western Europe Market Volume (Kilo tons), by Application (2014 to 2029)
Table 22. Western Europe Market Value (US$ Mn), by Application (2014 to 2029)
Table 23. Western Europe Market Volume (Kilo tons), by Country (2014 to 2029)
Table 24. Western Europe Market Value (US$ Mn), by Country (2014 to 2029)
Table 25. Eastern Europe Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 26. Eastern Europe Market Value (US$ Mn), by Type (2014 to 2029)
Table 27. Eastern Europe Market Volume (Kilo tons), by Application (2014 to 2029)
Table 28. Eastern Europe Market Value (US$ Mn), by Application (2014 to 2029)
Table 29. Eastern Europe Market Volume (Kilo tons), by Country (2014 to 2029)
Table 30. Eastern Europe Market Value (US$ Mn), by Country (2014 to 2029)
Table 31. APEJ Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 32. APEJ Market Value (US$ Mn), by Type (2014 to 2029)
Table 33. APEJ Market Volume (Kilo tons), by Application (2014 to 2029)
Table 34. APEJ Market Value (US$ Mn), by Application (2014 to 2029)
Table 35. APEJ Market Volume (Kilo tons), by Country (2014 to 2029)
Table 36. APEJ Market Value (KUS$ Mn), by Country (2014 to 2029)
Table 37. Japan Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 38. Japan Market Value (US$ Mn), by Type (2014 to 2029)
Table 39. Japan Market Volume (Kilo tons), by Application (2014 to 2029)
Table 40. Japan Market Value (US$ Mn), by Application (2014 to 2029)
Table 41. Japan Market Volume (Kilo tons), by Country (2014 to 2029)
Table 42. Japan Market Value (US$ Mn), by Country (2014 to 2029)
Table 43. MEA Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 44. MEA Market Value (US$ Mn), by Type (2014 to 2029)
Table 45. MEA Market Volume (Kilo tons), by Application (2014 to 2029)
Table 46. MEA Market Value (US$ Mn), by Application (2014 to 2029)
Table 47. MEA Market Volume (Kilo tons), by Country (2014 to 2029)
Table 48. MEA Market Value (US$ Mn), by Country (2014 to 2029)
Table 49. China Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 50. China Market Value (US$ Mn), by Type (2014 to 2029)
Table 51. China Market Volume (Kilo tons), by Application (2014 to 2029)
Table 52. China Market Value (US$ Mn), by Application (2014 to 2029)
Table 53. India Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 54. India Market Value (US$ Mn), by Type (2014 to 2029)
Table 55. India Market Volume (Kilo tons), by Application (2014 to 2029)
Table 56. India Market Value (US$ Mn), by Application (2014 to 2029)
Table 57. U.S. Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 58. U.S. Market Value (US$ Mn), by Type (2014 to 2029)
Table 59. U.S. Market Volume (Kilo tons), by Application (2014 to 2029)
Table 60. U.S. Market Value (US$ Mn), by Application (2014 to 2029)
Table 61. Brazil Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 62. Brazil Market Value (US$ Mn), by Type (2014 to 2029)
Table 63. Brazil Market Volume (Kilo tons), by Application (2014 to 2029)
Table 64. Brazil Market Value (US$ Mn), by Application (2014 to 2029)
Table 65. Argentina Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 66. Argentina Market Value (US$ Mn), by Type (2014 to 2029)
Table 67. Argentina Market Volume (Kilo tons), by Application (2014 to 2029)
Table 68. Argentina Market Value (US$ Mn), by Application (2014 to 2029)
Table 69. Rest of Latin America Market Volume (Kilo Tons), by Type (2014 to 2029)
Table 70. Rest of Latin America Market Value (US$ Mn), by Type (2014 to 2029)
Table 71. Rest of Latin America Market Volume (Kilo tons), by Application (2014 to 2029)
Table 72. Rest of Latin America Market Value (US$ Mn), by Application (2014 to 2029)
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List Of Figures
Figure 1. Global Market Size and Y-o-Y Growth, 2014 to 2029
Figure 2. Global Market Opportunity Index, 2019 to 2029
Figure 3. Global Market Share Analysis by Type - 2019 & 2029
Figure 4. Global Market Attractiveness Analysis, by Type (2019 to 2029)
Figure 5. Global Market Y-o-Y Growth, by Type (2019 to 2029)
Figure 6. Global Market Share Analysis by Application - 2019 & 2029
Figure 7. Global Market Attractiveness Analysis, by Application (2019 to 2029)
Figure 8. Global Market Y-o-Y Growth, by Application (2019 to 2029)
Figure 9. Global Market Share Analysis by Region - 2019 & 2029
Figure 10. Global Market Attractiveness Analysis, by Region (2019 to 2029)
Figure 11. Global Market Y-o-Y Growth, by Region (2019 to 2029)
Figure 12. North America Market Size and Y-o-Y Growth, 2014 to 2029
Figure 13. North America Market Opportunity Index, 2019 to 2029
Figure 14. North America Market Share Analysis by Type - 2019 & 2029
Figure 15. North America Market Attractiveness Analysis, by Type (2019 to 2029)
Figure 16. North America Market Y-o-Y Growth, by Type (2019 to 2029)
Figure 17. North America Market Share Analysis by Application - 2019 & 2029
Figure 18. North America Market Attractiveness Analysis, by Application (2019 to 2029)
Figure 19. North America Market Y-o-Y Growth, by Application (2019 to 2029)
Figure 20. North America Market Share Analysis by Country- 2019 & 2029
Figure 21. North America Market Attractiveness Analysis, by Country (2019 to 2029)
Figure 22. North America Market Y-o-Y Growth, by Country (2018 to 2029)
Figure 23. Latin America Market Size and Y-o-Y Growth, 2014 to 2029
Figure 24. Latin America Market Opportunity Index, 2019 to 2029
Figure 25. Latin America Market Share Analysis by Type - 2019 & 2029
Figure 26. Latin America Market Attractiveness Analysis, by Type (2019 to 2029)
Figure 27. Latin America Market Y-o-Y Growth, by Type (2019 to 2029)
Figure 28. Latin America Market Share Analysis by Application - 2019 & 2029
Figure 29. Latin America Market Attractiveness Analysis, by Application (2019 to 2029)
Figure 30. Latin America Market Y-o-Y Growth, by Application (2019 to 2029)
Figure 31. Latin America Market Share Analysis by Country- 2019 & 2029
Figure 32. Latin America Market Attractiveness Analysis, by Country (2019 to 2029)
Figure 33. Latin America Market Y-o-Y Growth, by Country (2019 to 2029)
Figure 34. Western Europe Market Size and Y-o-Y Growth, 2014 to 2029
Figure 35. Western Europe Market Opportunity Index, 2019 to 2029
Figure 36. Western Europe Market Share Analysis by Type - 2019 & 2029
Figure 37. Western Europe Market Attractiveness Analysis, by Type (2019 to 2029)
Figure 38. Western Europe Market Y-o-Y Growth, by Type (2019 to 2029)
Figure 39. Western Europe Market Share Analysis by Application - 2019 & 2029
Figure 40. Western Europe Market Attractiveness Analysis, by Application (2019 to 2029)
Figure 41. Western Europe Market Y-o-Y Growth, by Application (2019 to 2029)
Figure 42. Western Europe Market Share Analysis by Country- 2019 & 2029
Figure 43. Western Europe Market Attractiveness Analysis, by Country (2019 to 2029)
Figure 44. Western Europe Market Y-o-Y Growth, by Country (2019 to 2029)
Figure 45. Eastern Europe Market Size and Y-o-Y Growth, 2014 to 2029
Figure 46. Eastern Europe Market Opportunity Index, 2019 to 2029
Figure 47. Eastern Europe Market Share Analysis by Type - 2019 & 2029
Figure 48. Eastern Europe Market Attractiveness Analysis, by Type (2019 to 2029)
Figure 49. Eastern Europe Market Y-o-Y Growth, by Type (2019 to 2029)
Figure 50. Eastern Europe Market Share Analysis by Application - 2019 & 2029
Figure 51. Eastern Europe Market Attractiveness Analysis, by Application (2019 to 2029)
Figure 52. Eastern Europe Market Y-o-Y Growth, by Application (2019 to 2029)
Figure 53. Eastern Europe Market Share Analysis by Country- 2019 & 2029
Figure 54. Eastern Europe Market Attractiveness Analysis, by Country (2019 to 2029)
Figure 55. Eastern Europe Market Y-o-Y Growth, by Country (2019 to 2029)
Figure 56. APEJ Market Size and Y-o-Y Growth, 2014 to 2029
Figure 57. APEJ Market Opportunity Index, 2019 to 2029
Figure 58. APEJ Market Share Analysis by Type - 2019 & 2029
Figure 59. APEJ Market Attractiveness Analysis, by Type (2019 to 2029)
Figure 60. APEJ Market Y-o-Y Growth, by Type (2019 to 2029)
Figure 61. APEJ Market Share Analysis by Application - 2019 & 2029
Figure 62. APEJ Market Attractiveness Analysis, by Application (2019 to 2029)
Figure 63. APEJ Market Y-o-Y Growth, by Application (2019 to 2029)
Figure 64. APEJ Market Share Analysis by Country- 2019 & 2029
Figure 65. APEJ Market Attractiveness Analysis, by Country (2019 to 2029)
Figure 66. APEJ Market Y-o-Y Growth, by Country (2019 to 2029)
Figure 67. Japan Market Size and Y-o-Y Growth, 2014 to 2029
Figure 68. Japan Market Opportunity Index, 2019 to 2029
Figure 69. Japan Market Share Analysis by Type - 2019 & 2029
Figure 70. Japan Market Attractiveness Analysis, by Type (2019 to 2029)
Figure 71. Japan Market Y-o-Y Growth, by Type (2019 to 2029)
Figure 72. Japan Market Share Analysis by Application - 2019 & 2029
Figure 73. Japan Market Attractiveness Analysis, by Application (2019 to 2029)
Figure 74. Japan Market Y-o-Y Growth, by Application (2019 to 2029)
Figure 75. Japan Market Share Analysis by Country- 2019 & 2029
Figure 76. Japan Market Attractiveness Analysis, by Country (2019 to 2029)
Figure 77. Japan Market Y-o-Y Growth, by Country (2019 to 2029)
Figure 78. MEA Market Size and Y-o-Y Growth, 2014 to 2029
Figure 79. MEA Market Opportunity Index, 2019 to 2029
Figure 80. MEA Market Share Analysis by Type - 2019 & 2029
Figure 81. MEA Market Attractiveness Analysis, by Type (2019 to 2029)
Figure 82. MEA Market Y-o-Y Growth, by Type (2019 to 2029)
Figure 83. MEA Market Share Analysis by Application - 2019 & 2029
Figure 84. MEA Market Attractiveness Analysis, by Application (2019 to 2029)
Figure 85. MEA Market Y-o-Y Growth, by Application (2019 to 2029)
Figure 86. MEA Market Share Analysis by Country- 2019 & 2029
Figure 87. MEA Market Attractiveness Analysis, by Country (2019 to 2029)
Figure 88. MEA Market Y-o-Y Growth, by Country (2019 to 2029)
Figure 89. China Market Share Analysis, By Type - 2014, 2019 & 2029
Figure 90. China Market Attractiveness Index, By Type, 2019 to 2029
Figure 91. China Market Y-o-Y Growth Projection, By Type, 2018 to 2029
Figure 92. China Market Share Analysis, By Application to 2014, 2019 & 2029
Figure 93. China Market Attractiveness Index, By Application, 2019 to 2029
Figure 94. China Market Y-o-Y Growth Projection, By Application, 2018 to 2029
Figure 95. India Market Share Analysis, By Type to 2014, 2019 & 2029
Figure 96. India Market Attractiveness Index, By Type, 2019 to 2029
Figure 97. India Market Y-o-Y Growth Projection, By Type, 2018 to 2029
Figure 98. India Market Share Analysis, By Application to 2014, 2019 & 2029
Figure 99. India Market Attractiveness Index, By Application, 2019 to 2029
Figure 100. India Market Y-o-Y Growth Projection, By Application, 2018 to 2029
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the estimated growth rate of driveline additives market?
Demand for driveline additives is expected to grow at a CAGR of nearly 5% by 2029.
Which region is expected to register highest growth in the global driveline additives market?
Europe region is projected to account for over one-third of the global market.
Who are the prominent players in the driveline additives market?
Afton Chemical Corporation, BASF SE, Chevron Oronite Company, LLC are some of the prominent players.
Driveline Additives Market