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Driveline Additives Market 2017–2027

Definition of Market/Industry:

Driveline additives are referred to the additives that are widely used in automobiles for lubrication in the manual transmission, axles, automatic transmission, and differentials. The additives are classified into dispersants, detergents, viscosity index improvers, anti-wear agents, corrosion inhibitors, antioxidants, emulsifiers, and friction modifiers. These additives help in the enhancing the fuel effecting of the vehicle and reduce emissions.

The global driveline additives market US$ 7,619.0 Mn in terms of value and is projected to reach US$ 12,845.5 Mn by the end of 2027, growing at a CAGR of 5.9% during the forecast period (2019 to 2027).

Drivers

The increasing launch of innovative lubricant additive is expected to foster the market growth of driveline additives. For instance, in April 2019, Lanxess has launched an organic additive for passenger car and high-performance engine oils. The new Addition RC 3502 has been specifically developed to reduce friction and deliver sustained performance and anti-wear protection. Moreover, it is non-corrosive, compatible with all synthetic and mineral engine oils, and has zero SAPS (sulphated ash, phosphorous, sulphur).

Rising production of the vehicle around the globe coupled with an increasing number of on-road and off-road vehicles in operation is expected to fuel the market growth of the driveline additive. Also, the growing adoption of Continuously Variable Transmission (CVT) and the introduction of transmissions with high operational temperatures is projected to propel the market growth. Moreover, increasing demand for longer drain intervals from the OEMs are projected to create high demand for driveline additives over the forecast timeframe. 

Figure 1. Global Driveline Additives Market Share, By Region, 2018

Driveline Additives  | Coherent Market Insights

Europe region dominated the global driveline additives market in 2018, accounting for 31.4% share in terms of value, followed by Asia Pacific and North America.

Market Restraints

Fluctuating prices of driveline additives around the globe has negatively impacted the market growth of driveline additives. Volatility in the supply of raw materials coupled with the general impact of higher crude oil prices is expected to hinder the market growth of driveline additives. Moreover, strict export/import laws and regulations are restricting trading around the globe. This factor is also projected to restrict the market growth of driveline additives.

Increasing adoption of the hybrid electric vehicle due to strict emission norms is projected to hamper the market growth of driveline additives. The hybrid electric vehicle is powered by a battery and hence are fuel-efficient, the government of various countries is taking initiatives to promote the usage of hybrid electric vehicles which is expected to restrict the usage of driveline additives. This is turn expected to hinder the market growth.

Market Opportunities

Increasing number of partnerships for manufacturing of additives is projected to propel the market growth over the forecast timeframe. GE Additive, Concept Laser and Arcam AB have signed a Memorandum of Understanding (MoU) with GKN to collaborate on Additive Manufacturing (AM) for the aerospace and automotive industry. The agreement encompasses the provision of additive machines and services to GKN that offer them to be a GE Additive Production Partner. Hence, this is expected to propel the market growth.

An increasing number of R&D programs and centers for driveline additive is expected to augment the market growth over the forecast period. Moreover, the rising focus of manufacturer to develop the bio-based driveline additive is also expected to foster the market growth of driveline additive. Therefore rising demand for bio-based additive is encouraging the government to invest in the R& D in order to develop an innovative product, which in turn is propelling the market growth.

Figure 2. Global Driveline Additives Market – Opportunity Analysis

Driveline Additives  | Coherent Market Insights

Market Trends/Key Takeaways

Rising investment by major players for developing the additives for catering to the rising demand for additives is projected to propel the market growth. For instance, in January 2019, the Lubrizol Corporation announced its decision to proceed with a 10-year phased investment plan to upgrade operations and increase global capacity in additives. Lubrizol aims to respond to lubricant growth in Asia and better match its manufacturing footprint with global demand patterns.

Increasing collaboration among major players coupled with the rising strict environmental rules and regulations for reducing the emission is projected to propel the market growth over the forecast period. Moreover, increasing the launch of highly efficient products at a lower cost is another major trend that has been observed in the market. Hence these factors are projected to fuel the market growth over the forecast period.

Figure 3. Global Driveline Additives Market – Value Chain Analysis

Driveline Additives  | Coherent Market Insights

Global driveline additives market is segmented into passenger cars, commercial vehicles, and off-highway vehicles on the basis of application. Wherein, passenger cars segment dominated the global market for driveline additives market in 2018 and contributed for 59.1% share, in terms of revenue in the global driveline additives market, followed by commercial vehicles and off-highway vehicles.

Figure 4. Global Driveline Additives Market Share, By Application, 2018

Driveline Additives  | Coherent Market Insights

Competitive Section:

Company Profiles

Lubrizol Corporation, BASF SE, Afton Chemical Corporation, Vanderbilt Chemicals, LLC, Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, and Lubrilic

Few Recent Developments

  1. The Lubrizol Corporation 
  • In May 2015, The Lubrizol Corporation introduced a new brand of additive, Lubrizol PV1116, to produce higher-performance, fuel-efficient lubricants

Driveline additives are used to lubricate parts of the engine in vehicles such as brakes, drives, and others in order to optimize the performance of the automotive. The driveline additives offers various advantages including temperature stability, high friction durability, and wear protection. The driveline additives find its applications in passenger cars, commercial vehicles, and off-highway vehicles. The growth of automotive industry across the globe is predicted to boost the demand for driveline additives market over the forecast period.

Market Dynamics

On the basis of application, driveline additives market is segregated into passenger cars, commercial vehicles, and off-highway vehicles. Wherein, passenger cars segment accounted for the largest market share in terms of the volume in 2018, and contributed for 59.1% in the same year, followed by commercial vehicles and off-highway vehicles.

On the basis of region, in 2018, Europe accounted for the largest share in terms of revenue and contributed for US$ 2393.5 million in driveline additives market globally. Moreover, Middle East & Africa is predicted to record fastest growth in terms of revenue during the forecast period (2019 to 2027).

Key features of the study:

  • This report provides in-depth analysis of driveline additives and provides market size (US$ Mn and 000’ Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global Driveline Additives market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Lubrizol Corporation, BASF SE, Afton Chemical Corporation, Vanderbilt Chemicals, LLC, Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, and Lubrilic
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up gradation, market expansion, and marketing tactics
  • The global Driveline Additives market report caters to various stakeholders in this industry including investors, suppliers, Driveline Additives manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Driveline Additives market

Detailed Segmentation:

  • Global Driveline Additives Market, By Product Type:
    • Transmission Fluid Additives
    • Gear Oil Additives
  • Global Driveline Additives Market, By Application:
    • Passenger Cars
    • Commercial Vehicles
    • Off-highway Vehicles
  • Global Driveline Additives Market, By Geography:
    • North America
      • U.S.
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • Canada
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
    • Latin America
      • Brazil
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • Argentina
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • Mexico
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • Rest of Latin America
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
    • Europe
      • U.K.
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • Germany
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • France
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • Russia
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • Spain
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • Rest of Europe
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
    • Asia Pacific
      • China
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • India
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • Japan
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • ASEAN
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • OCEANIA
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • Rest of Asia Pacific
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
    • Middle East & Africa
      • GCC
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • South Africa
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
      • Rest of Middle East & Africa
        • By Product Type:
          • Transmission Fluid Additives
          • Gear Oil Additives
        • By Application:
          • Passenger Cars
          • Commercial Vehicles
          • Off-highway Vehicles
  • Company Profiles
    • Lubrizol Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • BASF SE
    • Afton Chemical Corporation
    • Vanderbilt Chemicals, LLC
    • Infineum International Limited
    • BRB International B.V
    • Chevron Oronite Company, LLC
    • Lubrilic

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Key Industry Trends
      • PEST Analysis
      • Merger & Acquisition Scenario
      • Key developments
      • Overview of the Parent Industry
  4. Global Driveline Additives Market, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Transmission Fluid Additives
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & 000’ Tons)
    • Gear Oil Additives
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & 000’ Tons)
  5. Global Driveline Additives Market, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Passenger Cars
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & 000’ Tons)
    • Commercial Vehicles
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & 000’ Tons)
    • Off-highway Vehicles
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & 000’ Tons)
  6. Global Driveline Additives Market, By Region, 2017 - 2027 (US$ Mn & 000’ Tons)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, For Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
    • Latin America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • Rest of Latin America
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
    • Europe
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • OCEANIA
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • Rest of Asia Pacific
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
    • Middle East & Africa
      • Market Share Analysis, By Sub-region, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Sub-region, 2019 - 2027
        • GCC
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • South Africa
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
        • Rest of Middle East & Africa
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & 000’ Tons)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • Lubrizol Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Afton Chemical Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Vanderbilt Chemicals, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Infineum International Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BRB International B.V
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chevron Oronite Company, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Lubrilic
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 30 market data tables and 22 figures on "Driveline Additives Market - Global forecast to 2027”.

Frequently Asked Questions

The global driveline additives market is estimated to reach US$ 12,845.5 Mn by the end of 2027.
Major players operating in the global driveline additives market include Lubrizol Corporation, BASF SE, Afton Chemical Corporation, Vanderbilt Chemicals, LLC, Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, and Lubrilic.
Fluctuating prices of driveline additives globally and increasing adoption of the hybrid electric vehicle, owing to strict emission norms are the major factors that are expected to hamper growth of the market over the forecast period.
The increasing launches of innovative lubricant additive, coupled with rising production of the vehicle, globally are some of the major factors that are expected to propel growth of the market over the forecast period.
The global driveline additives market was valued at US$ 7,619.0 Mn, in terms of value in 2018 and is expected to exhibit a CAGR of 5.9% during the forecast period (2019-2027).
Among regions, Europe held a dominant position in the global driveline additives market in 2018, accounting for 31.4% share, in terms of value, followed by Asia Pacific and North America.
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