Driveline Additives Market by Vehicle - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4333231
  • Report
  • Region: Global
  • 215 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Ab Petrochem Pvt. Ltd.
  • Basf Se
  • Brb International B.V.
  • Evonik Industries
  • Lubrilic Corporation
  • The Lubrizol Corporation
  • MORE
Driveline additives are primarily designed for products such as transmission fluids, gear oils, and axle fluids for effective and smooth functioning of rotating equipment. It is applied to regulate the operating temperature in transmission and reduce the impact of abrasion and weathering in rotating motor parts. Moreover, driveline additives are designed and formulated to meet the specifications for quality, base stock compatibility, and cost efficiency.

The global rise in the demand for automobiles has majorly fueled the growth of the driveline additives market, which is likely to grow in demand owing to the rise in consumer awareness about fuel efficiency coupled with variations in transmission design. In addition, stringent environmental norms have triggered driveline additive manufacturers to formulate products under original equipment manufacturers (OEMs) specifications. The demand for transmission fluids has witnessed major traction owing to the increase in efficiency coupled with more reliable transmission. The demand for gear oil additives is expected to gain pace owing to the increase in agricultural and automotive applications.

The growing demand for passenger cars has resulted in the increase in demand for driveline additives, whereas the growing demand for off-highway vehicles such as road rollers and tractors is expected to catapult the demand for driveline additives. Increase in building and construction has significantly improved the market for driveline additives and the market is expected to show rapid advancement in the agriculture and automotive industries. Restriction in export and import trading coupled with fluctuation in additives price have hampered the market growth. However, R&D in vehicle functionality to improve oil efficiency is expected to drive the market.

Countries in the Asia Pacific region such as China, Japan, and India have shown rapid advancement in the driveline additives market owing to the increase in automobiles under passenger and commercial application. In addition, growth in agricultural activities is also expected to broaden the scope of driveline additives in these regions. North America and Europe are considered as the mature markets for driveline additives.

The report on the global driveline additives market is segmented based on type, application, end user, and geography. Based on type, the report includes transmission fluids, farm tractor fluids, gear oil additives, and others. Based on application, the report includes passenger cars, commercial vehicles, and off-highway vehicles. Based on end user, the market is bifurcated into construction, mining, agriculture, automotive, commercial transmission, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Top market players in the global driveline additives market include Lubrizol Corporation, Afton Chemicals Corporation, BRB International, BASF SE, Chevron Oronite Company, Vanderbilt Chemicals, Infenium International Ltd, and Lubrillic.

KEY BENEFITS

This report entails the detailed quantitative analysis of current market and estimations from 2014 to 2022 that assist in identifying the prevailing market opportunities to capitalize on the global driveline additives market.
In-depth coverage of the market including drivers, restraints, and opportunities helps professionals to better understand the market behavior.
Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
Pinpoint analysis of geographical segments helps to identify opportunities for growth within the market.

KEY MARKET SEGMENTS

By Type of Vehicles

Transmission fluids
Farm tractor fluids
Gear oil additives
Others

By Application

Passenger cars
Commercial vehicles
Off-highway vehicles

By End User

Construction
Mining
Agriculture
Automotive
Commercial transmission
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Ab Petrochem Pvt. Ltd.
  • Basf Se
  • Brb International B.V.
  • Evonik Industries
  • Lubrilic Corporation
  • The Lubrizol Corporation
  • MORE
CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. MARKET DYNAMICS

3.3.1. Drivers
3.3.2. Restraints
3.3.3. Opportunities

3.4. MARKET SHARE ANALYSIS, 2016 (%)
3.5. PORTERS FIVE FORCES ANALYSIS

3.5.1. Bargaining power of suppliers
3.5.2. Bargaining power of buyers
3.5.3. Threat of new entrants
3.5.4. Threat of substitution
3.5.5. Intensity of competitive rivalry

CHAPTER 4 DRIVELINE ADDITIVES MARKET, BY VEHICLE TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. Passenger Vehicles

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. Commercial Vehicles

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.4. Off-Highway Vehicles

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

CHAPTER 5 DRIVELINE ADDITIVES MARKET, BY PRODUCT TYPE

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. Transmission Fluid Additives

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.3. Gear Oil Additives

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.4. Others

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast

CHAPTER 6 DRIVELINE ADDITIVES MARKET, BY ADDITIVE TYPE

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. Dispersants

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast

6.3. Viscosity Index Improver

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast

6.4. Detergents

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast

6.5. Anti-wear Agents

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast

6.6. Antioxidants

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast

6.7. Corrosion Inhibitors

6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast

6.8. Friction Modifiers

6.8.1. Key market trends, growth factors, and opportunities
6.8.2. Market size and forecast

6.9. Emulsifiers

6.9.1. Key market trends, growth factors, and opportunities
6.9.2. Market size and forecast

6.10. Others

6.10.1. Key market trends, growth factors, and opportunities
6.10.2. Market size and forecast

CHAPTER 7 DRIVELINE ADDITIVES MARKET, BY GEOGRAPHY

7.1. OVERVIEW

7.1.1. Market size and forecast

7.2. NORTH AMERICA

7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market size and forecast
7.2.3. U.S.

7.2.3.1. Market size and forecast

7.2.4. Canada

7.2.4.1. Market size and forecast

7.2.5. Mexico

7.2.5.1. Market size and forecast

7.3. EUROPE

7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market size and forecast
7.3.3. UK

7.3.3.1. Market size and forecast

7.3.4. Germany

7.3.4.1. Market size and forecast

7.3.5. France

7.3.5.1. Market size and forecast

7.3.6. Spain

7.3.6.1. Market size and forecast

7.3.7. Italy

6.3.7.1. Market size and forecast

7.3.8. Rest of Europe

7.3.8.1. Market size and forecast

7.4. ASIA-PACIFIC

7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market size and forecast
7.4.3. China

7.4.3.1. Market size and forecast

7.4.6. India

7.4.6.1. Market size and forecast

7.4.4. Japan

7.4.4.1. Market size and forecast

7.4.5. Korea

7.4.5.1. Market size and forecast

7.4.8. Rest of Asia-Pacific

7.4.8.1. Market size and forecast

7.5. LAMEA

7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market size and forecast
7.5.3. Brazil

7.5.3.1. Market size and forecast

7.5.4. Argentina

7.5.4.1. Market size and forecast

7.5.5. South Africa

7.5.5.1. Market size and forecast

7.5.6. Rest of LAMEA

7.5.6.1. Market size and forecast

CHAPTER 8 COMPANY PROFILES

8.1. BRB International B.V.

8.1.1. Company overview
8.1.2. Operating business segments
8.1.3. Business performance
8.1.4. Key strategies and developments

8.2. The Lubrizol Corporation

8.2.1. Company overview
8.2.2. Operating business segments
8.2.3. Business performance
8.2.4. Key strategies and developments

8.3. Vanderbilt Chemicals, LLC

8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Business performance
8.3.4. Key strategies and developments

8.4. Infineum International Ltd.

8.4.1. Company overview
8.4.2. Operating business segments
8.4.3. Business performance
8.4.4. Key strategies and developments

8.5. Afton Chemical Corporation

8.5.1. Company overview
8.5.2. Operating business segments
8.5.3. Business performance
8.5.4. Key strategies and developments

8.6. BASF SE

8.6.1. Company overview
8.6.2. Operating business segments
8.6.3. Business performance
8.6.4. Key strategies and developments

8.7. Chevron Oronite Company, LLC

8.7.1. Company overview
8.7.2. Operating business segments
8.7.3. Business performance
8.7.4. Key strategies and developments

8.8. Lubrilic Corporation

8.8.1. Company overview
8.8.2. Operating business segments
8.8.3. Business performance
8.8.4. Key strategies and developments

8.9. AB Petrochem Pvt. Ltd.

8.9.1. Company overview
8.9.2. Operating business segments
8.9.3. Business performance
8.9.4. Key strategies and developments

8.10. Evonik Industries

8.10.1. Company overview
8.10.2. Operating business segments
8.10.3. Business performance
8.10.4. Key strategies and developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ab Petrochem Pvt. Ltd.
  • Basf Se
  • Brb International B.V.
  • Evonik Industries
  • Lubrilic Corporation
  • The Lubrizol Corporation
  • MORE
Driveline Additives Market Report, forecast that the global market was valued at $4,296 million in 2016, and is estimated to reach $6,097 million by 2023, registering a CAGR of 5.2% from 2017 to 2023. In 2016, based on vehicle type, the passenger vehicles segment accounted for around two-thirds share of the total market.

Driveline additives is an umbrella term for additives used in automobiles to accomplish the lubrication requirements for manual transmission, automatic transmission, axles, and differentials. The additives used in the industry are dispersants, viscosity index improvers, detergents, anti-wear agents, antioxidants, corrosion inhibitors, friction modifiers, emulsifiers, and various others.
The global driveline additives market is driven by growth in vehicles production, rise in on-road and off-road vehicle parc, need for longer service drain intervals for transmission fluids and axle fluids, and rise in consumer inclination toward enhancing fuel efficiency of vehicles. Moreover, implementation of stringent emission norms globally and continuing requirement for hardware durability are expected to fuel the demand for driveline additives in the near future. However, factors, such as high cost of driveline additives as compared to conventional additives and fluctuating raw material prices are expected to hamper the market growth.
Driveline additives are used in transmission fluids to fulfil the transmission requirements to improve fuel economy and reduce emissions. Transmission fluid additive packages are used in automatic transmission fluids (ATFs), continuously variable transmission fluid (CVT), dual clutch transmission fluid, and manual transmission fluids to overcome problems, such as transmission shudder, poor shift feel, and accelerated wear that are common due to increasing oil drain intervals.

Key Findings of the Driveline Additives Market:
In 2016, Asia-Pacific dominated the global market, constituting around half of the market share, in terms of both revenue and volume.
China was the leading consumer of driveline additives globally in 2016, and is expected to grow at a CAGR of 6.2% during the forecast period.
On the basis of vehicle, the off-highway vehicles segment is estimated to grow at a CAGR of 6.0% from 2017 to 2023, in terms of revenue.
The passenger vehicles segment accounted for around two-thirds share of the global driveline additives market.
Based on product, the transmission fluid additives segment accounted for the highest share in 2016, and is estimated to grow at a CAGR of 5.7% from 2017 to 2023.
The dispersants segment leads the additive segment, and accounted for two-thirds share in the global market, in terms of revenue.
In 2016, Asia-Pacific dominated the global driveline additives market, in terms of both value and volume. In addition, Asia-Pacific is expected to witness the highest growth rate from 2017 to 2023, owing to the rapid growth in automobile industry in countries, such as China, India, Indonesia, Iran, Philippines, and Vietnam. Europe was the second leading in geographical segment, which registered a CAGR of 5.0%, in terms of revenue, in 2016.
The key companies profiled in the report include BRB International B.V., The Lubrizol Corporation, Vanderbilt Chemicals, LLC., Infineum International Ltd., Afton Chemical Corporation, BASF SE, Chevron Oronite Company, LLC., Lubrilic Corporation, AB Petrochem Pvt. Ltd., and VPS Lubricants.
Note: Product cover images may vary from those shown
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  • Brb International B.V.
  • The Lubrizol Corporation
  • Key Strategies And Developments
  • Vanderbilt Chemicals, Llc
  • Infineum International Ltd.
  • Afton Chemical Corporation
  • Basf Se
  • Chevron Oronite Company, Llc
  • Lubrilic Corporation
  • Ab Petrochem Pvt. Ltd.
  • Evonik Industries
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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