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Driveline additives market

Driveline Additives Market, By Product Type (Transmission Fluid Additives and Gear Oil Additives), By Application (Passenger Cars, Commercial Vehicles, and Off-highway Vehicles), and By Region (North America, Europe, Asia Pacific, Latin America, Europe, and Middle East & Africa)

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  • May 2023
  • CMI3251
  • 120 Pages
  • Excel & Pdf
  • Bulk Chemicals

Global driveline additives market was valued at US$ 9,010.3 Mn in 2022, and is expected to exhibit a CAGR of 6.57%, in terms of revenue, over the forecast period (2023-2030) to reach US$ 14,995.6 Mn by 2030.

Global Driveline Additives Market - Impact of Coronavirus (COVID-19) Pandemic

The pandemic affected transportation and construction activities, and thus, there was decreased demand for driveline additives. Due to the pandemic, there was disruption in driveline additives supply chain, due to the shortage of some goods, prices have increased. Companies have reduced investment in the market for driveline additives as a result of focusing on managing the pandemic's economic effects and funds maintenance.

COVID-19 pandemic had a negative significant impact on the global market for driveline additives, due to decreased demand, supply chain disruptions, investment, changes in consumer behavior, and government stimulus.

Figure 1. Global Driveline Additives Market Share, By Application, 2022

Global Driveline Additives Market: Growth Drivers

Growing Advance Technology & New Innovations

Increasing launch of innovative lubricant additives is expected to drive the market growth. Rising production of vehicles around the globe coupled with increasing number of on-road and off-road vehicles is expected to drive the market growth. The introduction of transmissions with high operating temperatures and increasing use of continuously variable transmissions (CVT) are anticipated to fuel market expansion. Moreover, increasing demand for longer drain intervals from the Original Equipment Manufacturer (OEMs) is expected to boost demand for driveline additives over the forecast period.

For instance, in 2022, Afton Chemical, called Greenclean 3, the most recent development in diesel fuel detergent technology, was made available in North America. This advanced technology was developed on the well-liked first-generation Greenclean platform. Greenclean 3 will continue to improve the performance of heavy-duty fleets and off-road vehicles outfitted with the newest engine and emission control technology because of its more powerful detergent system. Defense against external and internal injector deposits, improved filterability, stability, lower emissions, and better fuel economy are all advantages of the Greenclean 3 Detergent Technology. In order to simplify the management of multiple additives, this new platform also incorporates other additives to address performance needs such as lubricity, cetane, and cold flow improvers.

Rising vehicle production and changing vehicle specifications

There is increasing demand for driveline additives due to strict European Union regulations regarding the reduction of VOC emissions in automobile technologies. Government regulations, particularly those related to air pollution, in the U.S. and Asia Pacific nations is expected to drive the market growth. Due to these regulations, consumers prefers environmentally friendly products over traditional additives. Global driveline additives market growth is driven by rising vehicle production and changing vehicle specifications.

Increasing demand for extended service drain breaks for axle fluids and transmission fluids, increasing car production, rising customer preference for improving fuel efficiency of cars, and rising number of on-road and off-road vehicle are expected to drive the market growth. Rising demand for automobiles in developing economies like China and India is expected to drive the automotive industry, and thus, this is expected to boost demand for driveline additives and need for finished lubricants.

Figure 2. Global Driveline Additives Market Share, By Region, 2022

Global Driveline Additives Market: Restraints

Fluctuating Prices of Driveline Additives and Increasing Adoption of the Hybrid Electric Vehicle

Fluctuating prices of driveline additives around the globe has negatively impacted the market growth. Driveline additives' market expansion is predicted to be hampered by the inconsistent supply of raw materials and the overall effects of higher crude oil prices. Moreover, strict export/import laws and regulations are restricting trading around the globe. This factor is also expected to restrict the market growth of driveline additives.

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

Global Driveline Additives Market: Segmentation

On the basis of application, global driveline additives market is segmented into passenger cars, commercial vehicles, and off-highway vehicles. Passenger cars segment dominated the global market in 2022, and accounting for 52% share, in terms of revenue, followed by commercial vehicles and off-highway vehicles. Rising commercial, passenger, and two-wheeled vehicle production around the world that uses engine oil not only for lubrication but also to prevent the buildup of suspended particles over engine components is expected to drive the segment growth in the market. Heavy duty off-highway equipment uses driveline additives to lubricate the transmissions, axle differentials, final drives, and wet brakes. Global driveline additives market is expected to witness growth in the near future, owing to increasing number of vehicles manufactured every year and the requirement for axle and transmission fluids to provide longer service drain intervals. Gear oil additives serves a variety of industrial and automotive purposes.

The novel coronavirus (COVID-19) outbreak led to the closure of auto and component manufacturing facilities all over the world, and thus, there was decline in customers visiting showrooms, vehicle sales, and the digitalization of nearly all significant industry events. The effects of the coronavirus on other markets, particularly China, have also hampered supply chains. Global automotive industry imported parts worth more than US$ 34 Mn from China.

Driveline Additives Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2022: US$ 9,010.3 Mn
Historical Data for: 2017 to 2021 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 6.57%               2030 Value Projection: US$ 14,995.6 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, ASEAN, OCEANIA, and Rest of Asia Pacific
  • Middle East & Africa: South Africa, GCC, Rest of Middle East & Africa
Segments covered:
  • By Product Type: Transmission Fluid Additives, Gear Oil Additives
  • By Application: Passenger Cars, Commercial Vehicles, Off-highway Vehicles
Companies covered:

Lubrizol Corporation, BASF SE, Afton Chemical Corporation, Vanderbilt Chemicals, LLC, Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, and Lubrilic
Growth Drivers:
  • Growing advance technology & new innovations
  • Increasing usage of driveline additives in automotive industry 
Restraints & Challenges:
  • Fluctuating prices of driveline additives
  • Increasing adoption of the hybrid electric vehicle

Global Driveline Additives Market: Regional Analysis

Asia Pacific region dominated the global driveline additives market in 2022, accounting for 32% share, in terms of value, followed by North America and Europe.

Growing automotive industry in the region is expected to boost demand for driveline additives in Asia Pacific region. Due to the region's expanding economy and population, the automotive industry in Asia Pacific is growing. Furthermore, rising disposable income in the region has increased consumer spending on vehicles that resulted in increasing demand for driveline additives. Significant economic expansion, expansion of the automotive industry, and rising industrialization China has the largest market share in the region. Increased demand from the automotive industry is expected to drive the global driveline additives market growth.

North America is expected to be the second-largest market for driveline additives. North America and Europe's automotive industries are demand for driveline additives is expected to be driven in these regions by the replacement demand for automotive driveline fluids. During the forecast period, Driveline additives are anticipated to witness the fastest the markets in the Middle East and Africa, as well as Latin America.

Global Driveline Additives Market: Recent Developments

  • In November 2020, Evonik, expanded its oil additives performance lab, advanced laboratory facilities, and testing services in China. This new performance test lab is outfitted with an FE8 bearing wear test, an FZG efficiency test rig, mini traction, and a Denison HF-0 test rig, that allowed the company to meet the increasing technical demand in the lubricant industry by formulating high-performance and fuel-efficient additives. Evonik Industries AG is a specialty chemical manufacturer. The Company provides a variety of consumer goods, animal nutrition, and pharmaceutical products.
  • In November 2021, Evonik, introduced "Brenntag Bulgaria EOOD" as its new distributor partner in Greece, for lubricant additives. The company provides a variety of goods in the consumer goods, animal nutrition, and pharmaceuticals industries.
  • In October 2021, Umongo Petroleum (PTY) Ltd, Evonik's new distributor partner for lubricant additives in South Africa. This collaboration allowed Evonik to expand its lubricant additives product line throughout South Africa. The Umongo Petroleum (PTY) Ltd Company offers base and process oils, chemicals, lubricant additives, as well as technical assistance to lubricant blenders.

Global Driveline Additives Market: Key Companies

Key players operating in the global driveline additives market Lubrizol Corporation, BASF SE, Afton Chemical Corporation, Vanderbilt Chemicals, LLC, Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, and Lubrilic

*Definition: Driveline additives are 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 efficiency of the vehicle, and reduces emissions.

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 – Impact of Coronavirus (COVID-19) Pandemic
    • COVID-19 Epidemiology
    • Supply Side and Demand Side Analysis
    • Economic Impact
  5. Global Driveline Additives Market, By Product Type, 2017 - 2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 - 2030
      • Segment Trends
    • Transmission Fluid Additives
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & 000’ Tons)
    • Gear Oil Additives
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & 000’ Tons)
  6. Global Driveline Additives Market, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 - 2030
      • Segment Trends
    • Passenger Cars
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & 000’ Tons)
    • Commercial Vehicles
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & 000’ Tons)
    • Off-highway Vehicles
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn & 000’ Tons)
  7. Global Driveline Additives Market, By Region, 2017 – 2030, (US$ Mn & 000’ Tons)
    • Introduction
      • Market Share Analysis, By Region, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Region, 2017 - 2030
    • North America
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Country, 2017 - 2030
        • U.S.
          • Country Trends
          • Market Size and Forecast, and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
    • Latin America
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Country, 2017 - 2030
        • Brazil
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 - 2030 (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 - 2030 (US$ Mn & 000’ Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • Rest of Latin America
          • Country/Region Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
    • Europe
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Country, 2017 - 2030
        • U.K.
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • France
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 - 2030 (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 - 2030 (US$ Mn & 000’ Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Country, 2017 - 2030
        • China
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • India
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • OCEANIA
          • Country Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • Rest of Asia Pacific
          • Country/Region Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 - 2030 (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 - 2030 (US$ Mn & 000’ Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/Sub-region, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Country/Sub-region, 2017 - 2030
        • GCC
          • Country/Region Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 - 2030 (US$ Mn & 000’ Tons)
        • South Africa
          • Country/Region Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
        • Rest of Middle East & Africa
          • Country/Region Trends
          • Market Size and Forecast and Y-O-Y Growth, By Product Type, 2017 – 2030, (US$ Mn & 000’ Tons)
          • Market Size and Forecast and Y-O-Y Growth, By Application, 2017 – 2030, (US$ Mn & 000’ Tons)
  8. 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
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 30 market data tables and 22 figures on "Global Driveline Additives Market- Global forecast to 2030”.

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 Region:
    • 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
- Frequently Asked Questions -

What are the growth estimates for global driveline additives market till 2030?

Global Driveline Additives Market is estimated to reach US$ 14,995.6 Mn by 2030.

Which are the prominent market players across the globe?

Key players are operating in the market are Lubrizol Corporation, BASF SE, Afton Chemical Corporation, Vanderbilt Chemicals, LLC, Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, and Lubrilic

What are the key factors hampering growth of the market?

Fluctuating prices of driveline additives and increasing adoption of the hybrid electric vehicle are the major factors that are expected to hamper the market growth over the forecast period.

What are the key factors driving growth of the market?

Growing advance technology & new innovations, and increasing usage of driveline additives in automotive industry is expected to drive the market growth the market

What is the compound annual growth rate (CAGR) of the Market for next 8 years?

The market is estimated to exhibit a CAGR of 6.57% over the forecast period.

Which region is dominating the market growth?

Among region, Asia Pacific is expected to hold a dominant position in the market over the forecast period.
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