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Automotive Additives - Global Market Trajectory & Analytics

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    Report

  • 286 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140910
Global Automotive Additives Market to Reach $27.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Additives estimated at US$16 Billion in the year 2020, is projected to reach a revised size of US$27.4 Billion by 2027, growing at a CAGR of 7.9% over the analysis period 2020-2027. Oil Additives, one of the segments analyzed in the report, is projected to record a 10.1% CAGR and reach US$13.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plastic Additives segment is readjusted to a revised 7.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 12.3% CAGR

The Automotive Additives market in the U.S. is estimated at US$4.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$6.4 Billion by the year 2027 trailing a CAGR of 12.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Fuel Additives Segment to Record 3.6% CAGR

In the global Fuel Additives segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.2 Billion in the year 2020 will reach a projected size of US$2.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.8 Billion by the year 2027, while Latin America will expand at a 4.5% CAGR through the analysis period.

Select Competitors (Total 43 Featured):
  • Akzo Nobel NV
  • BASF SE
  • Clariant AG
  • Covestro AG
  • DowDuPont, Inc.
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • Kaneka Corporation
  • Lanxess AG
  • PolyOne Corporation
  • SABIC (Saudi Basic Industries Corporation)
  • Solvay SA
Frequently Asked Questions about the Global Market for Automotive Additives

What is the estimated value of the Global Market for Automotive Additives?

The Global Market for Automotive Additives was estimated to be valued at $16 Billion in 2020.

What is the growth rate of the Global Market for Automotive Additives?

The growth rate of the Global Market for Automotive Additives is 8.0%, with an estimated value of $27.4 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Additives?

The Global Market for Automotive Additives is estimated to be worth $27.4 Billion by 2027.

Table of Contents

I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 43