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Driveline additives are used to optimize automotive performance by achieving sufficient lubrication as it decreases the friction and removes heat. These additives are also used to prevent scuffing, scoring, and other types of distress that may cause failure of equipment. They are also helpful in protecting the equipment against copper corrosion, rust, oxidation, thermal degradation and foaming. Driveline additives are widely used across passenger cars, commercial vehicles, and off-highway vehicles.

The global driveline additives market was valued at US$ 7,619.0 Mn in terms of value and 1,693.4 Thousand Tons in terms of volume in 2018.

Drivers

Growing demand for fuel-efficient vehicles is expected to propel the market growth of driveline additives. Driveline additives are used to reduce the loss of energy which ultimately ensures energy efficiency. Therefore, increasing fuel costs and shifting consumer inclination enhancing the fuel efficiency of vehicles is projected to fostser the market growth of driveline additives. Moreover, implementation of government emission rules and regulation as driveline additives helps in reducing the carbon emissions from the vehicle, is expected to boost market growth.

Market Opportunities

Increasing launch of Dual Clutch Technology (DCT) that enhances the power and performance and also assure the smooth transmission of the vehicle. Moreover, it also lowers the carbon emission and offer superior fuel efficiency. Moreover, Dual Clutch Technology (DCT) is projected to help reduce fuel consumption of vehicles by 25–30%. DCT requires specially formulated additives to attain high performance. Hence, this is an opportunity for the manufacturer to produce specialized and advanced additives. This in turn propelling the market growth.

Market Restraints

The decrease in oil drain intervals due to the increased durability of the powertrain subjected to rising usage of high-quality fuels, specially across developed nations are expected to restrict the growth of the market over the forecast timeframe. Moreover, usage of bad quality lubricants such as lubricant with high viscosity can lead to starvation of the oil flow and increased drag that ultimately leads to loss of efficiency. This factor is also projected to hinder the market growth of the driveline additive.

Key Takeaways

Based on product type, driveline additives market is segmented into transmission fluid additives and gear oil additives. In 2018, transmission fluid additives accounted for the largest share in terms of volume and contributed for 985.9 thousand tons in the global driveline additives market, followed by gear oil additives.

Market Trends

The rising number of partnerships among players to develop high-performance lubricants is expected to fuel the market growth. For instance, in January 2019, Shell Lubricants, the global market leader in lubricants has announced a new strategic partnership with Mahindra & Mahindra Ltd, a part of the USD 20.7 billion Mahindra Group. Under this agreement, Mahindra and Shell will work together to provide market-leading, high-performance lubricant products, such as engine oils, transmission and axle oils, including those under the 'Maximile' brand. These lubricants will be distributed through the Mahindra dealership network and bazar networks through the Mahindra spare business unit.

Increasing focus of the manufacturer for expanding the production capacity of the driveline additive is expected to fuel the market growth. Moreover, various key players in the global driveline additives market are focusing on maintain relations with automotive OEMs to provide customized solutions to the customer. Hence, this is expected to fuel the market growth of the driveline additive.

Company Profiles

Players active 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

  • Few Recent Developments

Chevron Oronite Company, LLC

  • In March 2015, it signed an investment agreement to set up a wholly-owned additive manufacturing plant in Ningbo, China, to meet rising demand in the region

BRB International BV 

  • In September 2015, it announced a joint venture with Ban Guan Chemical to produce Viscotech products

Market Taxonomy

By Product Type

  • Transmission Fluid Additives
  • Gear Oil Additives

By Application

  • Passenger Cars
  • Commercial Vehicles
  • Off-highway Vehicles

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA
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