Enhancing Efficiency and Performance Opportunities and Challenges in the Driveline Additives Industry
Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-76385 Format: PDF Pages: 300
Report Highlights
According to a research survey conducted by ChemView Consulting, in 2023, Driveline Additives Market was worth US $ 9,394.55 Mn. The market is expected to grow at a CAGR of 4.50% between 2023 and 2033 to hit US $ 14,589.45 Mn by 2033 end.
Key Market Trends
The Key to Improving Vehicle Performance
With its role in improving vehicle performance, driveline additives are becoming a popular choice for automotive applications, creating a wide range of opportunities in the market.
The Future of Sustainable Mobility
With its eco-friendly properties, driveline additives are becoming a popular choice for sustainable mobility solutions, making it a future-proof investment in the market.
The Essential Element in Improving Fuel Efficiency
With its role in improving fuel efficiency, driveline additives are an essential element in the automotive industry, creating a wide range of opportunities in the market.
Market Drivers:
Increasing Demand for Fuel-Efficient Vehicles
The rising awareness of environmental concerns and the need for fuel efficiency is driving the demand for driveline additives as they improve fuel economy, reduce emissions, and enhance engine performance. The growth in the automobile industry, particularly in emerging economies, is increasing the demand for driveline additives as automakers strive to meet regulatory requirements for fuel efficiency.
The trend towards lightweight vehicles is also contributing to the growth of the driveline additives market as these additives help reduce weight and friction in engines and transmissions.
Segmentation Insights
After conducting a thorough analysis of the Driveline Additives Market, we have identified the top three trending segments in the industry. These segments are experiencing significant growth, high demand, and widespread adoption.
Most Popular (Fastest Growth Rate)
Transmission Fluid Additives (Passenger Cars Application)
Transmission Fluid Additives are the most popular product in the Driveline Additives Market due to their extensive usage in the passenger cars application. They are widely used to improve the performance and efficiency of automatic transmissions, providing a smooth and consistent shifting experience. Transmission Fluid Additives’ excellent properties such as anti-wear protection, friction reduction, and thermal stability make them the preferred choice for the passenger cars application.
Most Selling (Largest Market Share)
Gear Oil Additives (Commercial Vehicles Application)
Gear Oil Additives are the most selling product in the Driveline Additives Market due to their extensive usage in the commercial vehicles application. They are widely used to improve the performance and durability of various drivetrain components, including differentials and manual transmissions. Gear Oil Additives’ excellent properties such as extreme pressure protection, wear reduction, and oxidation stability make them the go-to choice for the commercial vehicles application.
Trending (Gaining Traction)
Transmission Fluid Additives (Off-Highway Vehicles Application)
Transmission Fluid Additives are gaining significant traction in the Driveline Additives Market due to their usage in the off-highway vehicles application. They are widely used to improve the performance and longevity of various drivetrain components, including transmissions, axles, and torque converters. Transmission Fluid Additives’ excellent properties such as shear stability, low-temperature fluidity, and anti-shudder durability make them a trending choice in the off-highway vehicles application.
Regional Insights:
North America: A Leading Market with Cutting-Edge Technology
The North American driveline additives market is thriving due to its advanced technology and the increasing demand for fuel-efficient and high-performance vehicles. The United States and Canada lead the market with their state-of-the-art automotive technologies and stringent emission regulations, which drive the demand for high-quality driveline additives. North America’s strong research and development infrastructure and focus on sustainability make it a leading market in the driveline additives industry.
Latin America: An Emerging Market with Automotive Advancements
Latin America is an emerging market for driveline additives, fueled by its expanding automotive sector and the increasing need for improved vehicle performance and fuel efficiency. Countries like Brazil, Argentina, and Mexico are witnessing a rising demand for driveline additives, as they focus on technological advancements in the automotive industry. The region’s growing consumer base and favorable government policies make Latin America an attractive market for driveline additives manufacturers and investors.
Research Scope/Taxonomy
Market Analysis by Product Type:
Market Analysis by Application:
Key Companies Profiled
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
3.1. Preliminary Investigation & Research Design
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7.1. Cross Analysis of Application W.R.T. Product Type
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Material Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Product Type Landscape
10.1. Introduction
10.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Type [Value (US$ Mn) and Volume (Tons) Analysis]
10.2.1. Transmission Fluid Additives
10.2.2. Gear Oil Additives
10.3. Market Attractiveness Analysis by Product Type
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
11.3. Passenger Cars
11.4. Commercial Vehicles
11.5. Off-Highway Vehicles)
12.3.Market Attractiveness Analysis by Application
12.1. Introduction
12.2. Key Market Trends
12.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Asia-Pacific
12.3.5. Middle East
12.3.6. Africa
12.4. Market Attractiveness Analysis by Region
13.1. Introduction
13.2. Key Market Trends
13.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
13.3.1. By Country
13.3.1.1. U.S.
13.3.1.2. Canada
13.3.2. By Product Type
13.3.3. By Application
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Application
14.1. Introduction
14.2. Key Market Trends
14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
14.3.1. By Country
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. Rest of Latin America
14.3.2. By Product Type
14.3.3. By Application
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Application
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. By Country
15.3.1.1. Germany
15.3.1.2. Italy
15.3.1.3. France
15.3.1.4. UK
15.3.1.5. Spain
15.3.1.6. Netherlands
15.3.1.7. Norway
15.3.1.8. Russia
15.3.1.9. Rest of Europe
15.3.2. By Product Type
15.3.3. By Application
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Application
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.1.4. India
16.3.1.5. Indonesia
16.3.1.6. Thailand
16.3.1.7. Vietnam
16.3.1.8. Australia & New Zealand
16.3.1.9. Rest of Asia-Pacific
16.3.2. By Product Type
16.3.3. By Application
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Application
17.1. Introduction
17.2. Key Market Trends
17.3. Pricing Analysis
17.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.4.1. By Country
17.4.1.1. Saudi Arabia
17.4.1.2. Turkey
17.4.1.3. U.A.E.
17.4.1.4. Rest of the Middle East
17.4.2. By Product Type
17.4.3. By Application
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product Type
17.5.3. By Application
18.1. Introduction
18.2. Key Market Trends
18.3. Pricing Analysis
18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.4.1. By Country
18.4.1.1. South Africa
18.4.1.2. Nigeria
18.4.1.3. Egypt
18.4.1.4. Rest of Africa
18.4.2. By Product Type
18.4.3. By Application
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product Type
18.5.3. By Application
19.1. Tier Structure Breakdown
19.2. Market Share Analysis
19.3. Production Capacity Analysis
19.4. Company Footprint Analysis
19.4.1. Product Footprint of Players
19.4.2. Regional Footprint of Players
19.4.3. Channel Footprint of Players
19.5. Brand Preference Analysis
19.6. Competition Dashboard
20.1. Lubrizol Corporation.
20.1.1. Company Overview
20.1.2. Product & Financial Portfolio
20.1.3. Manufacturing Facilities
20.1.4. Recent Developments
20.1.5. SWOT Analysis
20.1.6. Strategy Overview
20.2. Chevron Oronite Company, LLC
20.3. BRB International BV
20.4. Vanderbilt Chemicals, LLC
20.5. Infineum International Limited
20.6. Afton Chemical
20.7. Lubrilic Corporation
20.8. BASF SE