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Driveline Additives Market By Product Type, By Vehicle Type, By Additive Type: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 230 Pages
  • May 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640380
The global driveline additives market was valued at $7.4 billion in 2021, and is projected to reach $10.7 billion by 2031, growing at a CAGR of 3.8% from 2022 to 2031.

Driveline additives are designed to optimize automotive performance. In order to acquire greatest lubrication, right information of each device and properties of the base fluids and additives is necessary. Additives added to transmission fluid formulations or tool oils decrease friction and eliminate heat. High-strain anti-wear additives are used to prevent equipment failure and downtime caused by scuffing, wearing, spalling, pitting, scoring, and different types of distress. Protection against oxidation, thermal degradation, rust, copper corrosion, and foaming is provided by driveline additives.

The driveline additives market is driven by increase in need for extended service drain breaks for axle fluids &transmission fluids, boom in cars production, rise in client choice toward enhancing fuel performance of cars, and surgein on-road and off-road vehicle. The global driveline additives market is predicted to expand significantly in the near future due to the implementation of stringent emission rules globally and continuous requirement for hardware durability. The automobile industry is driven by the growth in demand for automobiles in growing economies such as China and India. This, in turn, boosts the requirement for finished lubricants, thereby boosting the demand for driveline additives.

The driveline additives market is constantly changing owing to the continuous evolution of the driveline industry. Developments such as increased vehicle production, emissions legislation, and globalization &localization, especially in India, have a significant impact on the industry driveline lubricant needs. However, fluctuation in raw material prices and high cost of driveline additives as compared to conventional additives are expected to hinder the market.

The driveline additives market is segmented into product type, vehicle type, additives type, and region. By product type, the market is categorized into transmission fluid additives, gear oil additives, and others. On the basis of vehicle type, it is fragmented into passenger vehicles, commercial vehicles, and off-highway vehicles. As per additives type, it is classified into dispersants, viscosity index improvers, detergents, anti-wear agents, antioxidants, corrosion inhibitors, friction modifiers, emulsifiers, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global driveline additives market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include AB Petrochem Pvt. Ltd., Afton Chemical Corporation, BASF SE, BRB International B.V., Chevron Oronite Company, LLC, Evonik Industries AG, International Petroleum & Additives Company, Inc., The Lubrizol Corporation, Vanderbilt Chemicals, LLC, VPS Lubricants.

Key Benefits For Stakeholders

  • The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global driveline additivesmarket from 2021 to 2031 to determine the prevailing opportunities.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • Estimations and forecast are based on factors impacting the market growth in terms of both value and volume.
  • Profiles of leading players operating in the market are provided to understand the global competitive scenario.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

IMPACT OF COVID-19 ON DRIVELINE ADDITIVES MARKET


The COVID-19 pandemic is rapidly spreading and ruthlessly affecting the business environments of major markets. The demand for driveline additives has witnessed significant decline in all segments. Some regions, particularly, North America and Europe, witnessed greater decline than Asia-Pacific. Amidst the ongoing crisis, driveline additives producers are operating at a lower capacity and are planning to scale up their operation after carefully assessing the course of COVID-19 in the near term.

In response to the global coronavirus outbreak, which was responsible for major lifestyle, health, and business changes, the industry for driveline additives suffered a significant blow. This was mainly due to the abrupt closing down of the automotive manufacturing plants. The dearth of labor and components also plummet the sales of vehicles. However, with the gradual resumption of most industrial operations, the product demand is expected to pick up an essential pace.

As a result of the pandemic, many cars were rendered obsolete. In some households, they had been static for months. This necessitated the use of driveline additives such as detergents, dispersants &emulsifiers, and anti-wear additives to maintain and safeguard the cars.

As a result of the reopening of various production facilities, the industry is gradually recovering from losses, resulting in strong sales expectations in the driveline additives market. In the coming years, rising prospects for transmission fluid additives are likely to improve demand for the product.

Key Market Segments


By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles
  • Off-highway Vehicles

By Additive Type

  • Anti-wear Agents
  • Antioxidants
  • Corrosion Inhibitors
  • Friction Modifiers
  • Emulsifiers
  • Others
  • Dispersants
  • Viscosity Index Improvers
  • Detergents

By Product Type

  • Transmission Fluid Additives
  • Gear Oil Additives
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Spain
  • U.K.
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa,
  • Rest of LAMEA

Key Market Players

  • AB Petrochem Pvt.Ltd.
  • Afton Chemical Corporation
  • BASF SE
  • BRB International B.V.
  • Chevron Oronite Company, LLC.
  • Evonik Industries AG
  • International Petroleum & Additives Company, Inc.
  • The Lubrizol Corporation
  • Vanderbilt Chemicals, LLC.
  • VPS Lubricants
Frequently Asked Questions about the Global Driveline Additives Market

What is the estimated value of the Global Driveline Additives Market?

The Global Driveline Additives Market was estimated to be valued at $7.4 billion in 2021.

What is the growth rate of the Global Driveline Additives Market?

The growth rate of the Global Driveline Additives Market is 3.8%, with an estimated value of $10.7 billion by 2031.

What is the forecasted size of the Global Driveline Additives Market?

The Global Driveline Additives Market is estimated to be worth $10.7 billion by 2031.

Who are the key companies in the Global Driveline Additives Market?

Key companies in the Global Driveline Additives Market include AB Petrochem Pvt.Ltd., Afton Chemical Corporation, BASF SE, BRB International B.V., Chevron Oronite Company, LLC., Evonik Industries AG, International Petroleum & Additives Company, Inc., The Lubrizol Corporation, Vanderbilt Chemicals, LLC. and VPS Lubricants.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
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. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Patent Landscape
3.9. Regulatory Guidelines
3.10. Market Share Analysis
CHAPTER 4: DRIVELINE ADDITIVES MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Transmission Fluid Additives
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Gear Oil Additives
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: DRIVELINE ADDITIVES MARKET, BY VEHICLE TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Passenger Vehicles
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Commercial Vehicles
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Off-highway Vehicles
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
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, by region
6.2.3 Market analysis by country
6.3 Viscosity Index Improvers
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Detergents
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Anti-wear Agents
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Antioxidants
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
6.7 Corrosion Inhibitors
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market analysis by country
6.8 Friction Modifiers
6.8.1 Key market trends, growth factors and opportunities
6.8.2 Market size and forecast, by region
6.8.3 Market analysis by country
6.9 Emulsifiers
6.9.1 Key market trends, growth factors and opportunities
6.9.2 Market size and forecast, by region
6.9.3 Market analysis by country
7.0 Others
7.0.1 Key market trends, growth factors and opportunities
7.0.2 Market size and forecast, by region
7.0.3 Market analysis by country
CHAPTER 7: DRIVELINE ADDITIVES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product Type
7.2.3 North America Market size and forecast, by Vehicle Type
7.2.4 North America Market size and forecast, by Additive Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Product Type
7.2.5.1.2 Market size and forecast, by Vehicle Type
7.2.5.1.3 Market size and forecast, by Additive Type
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product Type
7.2.5.2.2 Market size and forecast, by Vehicle Type
7.2.5.2.3 Market size and forecast, by Additive Type
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product Type
7.2.5.3.2 Market size and forecast, by Vehicle Type
7.2.5.3.3 Market size and forecast, by Additive Type
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product Type
7.3.3 Europe Market size and forecast, by Vehicle Type
7.3.4 Europe Market size and forecast, by Additive Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Product Type
7.3.5.1.2 Market size and forecast, by Vehicle Type
7.3.5.1.3 Market size and forecast, by Additive Type
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Product Type
7.3.5.2.2 Market size and forecast, by Vehicle Type
7.3.5.2.3 Market size and forecast, by Additive Type
7.3.5.3 Spain
7.3.5.3.1 Market size and forecast, by Product Type
7.3.5.3.2 Market size and forecast, by Vehicle Type
7.3.5.3.3 Market size and forecast, by Additive Type
7.3.5.4 U.K.
7.3.5.4.1 Market size and forecast, by Product Type
7.3.5.4.2 Market size and forecast, by Vehicle Type
7.3.5.4.3 Market size and forecast, by Additive Type
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Product Type
7.3.5.5.2 Market size and forecast, by Vehicle Type
7.3.5.5.3 Market size and forecast, by Additive Type
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product Type
7.4.3 Asia-Pacific Market size and forecast, by Vehicle Type
7.4.4 Asia-Pacific Market size and forecast, by Additive Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Product Type
7.4.5.1.2 Market size and forecast, by Vehicle Type
7.4.5.1.3 Market size and forecast, by Additive Type
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Product Type
7.4.5.2.2 Market size and forecast, by Vehicle Type
7.4.5.2.3 Market size and forecast, by Additive Type
7.4.5.3 South Korea
7.4.5.3.1 Market size and forecast, by Product Type
7.4.5.3.2 Market size and forecast, by Vehicle Type
7.4.5.3.3 Market size and forecast, by Additive Type
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Product Type
7.4.5.4.2 Market size and forecast, by Vehicle Type
7.4.5.4.3 Market size and forecast, by Additive Type
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Product Type
7.4.5.5.2 Market size and forecast, by Vehicle Type
7.4.5.5.3 Market size and forecast, by Additive Type
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product Type
7.5.3 LAMEA Market size and forecast, by Vehicle Type
7.5.4 LAMEA Market size and forecast, by Additive Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Product Type
7.5.5.1.2 Market size and forecast, by Vehicle Type
7.5.5.1.3 Market size and forecast, by Additive Type
7.5.5.2 South Africa,
7.5.5.2.1 Market size and forecast, by Product Type
7.5.5.2.2 Market size and forecast, by Vehicle Type
7.5.5.2.3 Market size and forecast, by Additive Type
7.5.5.3 Rest of LAMEA
7.5.5.3.1 Market size and forecast, by Product Type
7.5.5.3.2 Market size and forecast, by Vehicle Type
7.5.5.3.3 Market size and forecast, by Additive Type
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 AB Petrochem Pvt.Ltd.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Afton Chemical Corporation
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 BASF SE
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 BRB International B.V.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Chevron Oronite Company, LLC.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Evonik Industries AG
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 International Petroleum & Additives Company, Inc.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 The Lubrizol Corporation
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Vanderbilt Chemicals, LLC.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 VPS Lubricants
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 2. Driveline Additives Market Revenue, for Transmission Fluid Additives, by Region, 2021-2031, ($Million)
Table 3. Driveline Additives Market for Transmission Fluid Additives by Country, 2021-2031, ($Million)
Table 4. Driveline Additives Market Revenue, for Gear Oil Additives, by Region, 2021-2031, ($Million)
Table 5. Driveline Additives Market for Gear Oil Additives by Country, 2021-2031, ($Million)
Table 6. Driveline Additives Market Revenue, for Others, by Region, 2021-2031, ($Million)
Table 7. Driveline Additives Market for Others by Country, 2021-2031, ($Million)
Table 8. Global Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 9. Driveline Additives Market Revenue, for Passenger Vehicles, by Region, 2021-2031, ($Million)
Table 10. Driveline Additives Market for Passenger Vehicles by Country, 2021-2031, ($Million)
Table 11. Driveline Additives Market Revenue, for Commercial Vehicles, by Region, 2021-2031, ($Million)
Table 12. Driveline Additives Market for Commercial Vehicles by Country, 2021-2031, ($Million)
Table 13. Driveline Additives Market Revenue, for Off-Highway Vehicles, by Region, 2021-2031, ($Million)
Table 14. Driveline Additives Market for Off-Highway Vehicles by Country, 2021-2031, ($Million)
Table 15. Global Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 16. Driveline Additives Market Revenue, for Dispersants, by Region, 2021-2031, ($Million)
Table 17. Driveline Additives Market for Dispersants by Country, 2021-2031, ($Million)
Table 18. Driveline Additives Market Revenue, for Viscosity Index Improvers, by Region, 2021-2031, ($Million)
Table 19. Driveline Additives Market for Viscosity Index Improvers by Country, 2021-2031, ($Million)
Table 20. Driveline Additives Market Revenue, for Detergents, by Region, 2021-2031, ($Million)
Table 21. Driveline Additives Market for Detergents by Country, 2021-2031, ($Million)
Table 22. Driveline Additives Market Revenue, for Anti-Wear Agents, by Region, 2021-2031, ($Million)
Table 23. Driveline Additives Market for Anti-Wear Agents by Country, 2021-2031, ($Million)
Table 24. Driveline Additives Market Revenue, for Antioxidants, by Region, 2021-2031, ($Million)
Table 25. Driveline Additives Market for Antioxidants by Country, 2021-2031, ($Million)
Table 26. Driveline Additives Market Revenue, for Corrosion Inhibitors, by Region, 2021-2031, ($Million)
Table 27. Driveline Additives Market for Corrosion Inhibitors by Country, 2021-2031, ($Million)
Table 28. Driveline Additives Market Revenue, for Friction Modifiers, by Region, 2021-2031, ($Million)
Table 29. Driveline Additives Market for Friction Modifiers by Country, 2021-2031, ($Million)
Table 30. Driveline Additives Market Revenue, for Emulsifiers, by Region, 2021-2031, ($Million)
Table 31. Driveline Additives Market for Emulsifiers by Country, 2021-2031, ($Million)
Table 32. Driveline Additives Market Revenue, for Others, by Region, 2021-2031, ($Million)
Table 33. Driveline Additives Market for Others by Country, 2021-2031, ($Million)
Table 34. Driveline Additives Market, by Region, 2021-2031, ($Million)
Table 35. North America Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 36. North America Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 37. North America Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 38. North America Driveline Additives Market, by Country, 2021-2031, ($Million)
Table 39. U.S. Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 40. U.S. Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 41. U.S. Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 42. Canada Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 43. Canada Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 44. Canada Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 45. Mexico Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 46. Mexico Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 47. Mexico Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 48. Europe Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 49. Europe Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 50. Europe Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 51. Europe Driveline Additives Market, by Country, 2021-2031, ($Million)
Table 52. Germany Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 53. Germany Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 54. Germany Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 55. France Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 56. France Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 57. France Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 58. Spain Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 59. Spain Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 60. Spain Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 61. U.K. Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 62. U.K. Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 63. U.K. Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 64. Rest of Europe Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 65. Rest of Europe Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 66. Rest of Europe Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 67. Asia-Pacific Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 68. Asia-Pacific Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 69. Asia-Pacific Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 70. Asia-Pacific Driveline Additives Market, by Country, 2021-2031, ($Million)
Table 71. China Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 72. China Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 73. China Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 74. Japan Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 75. Japan Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 76. Japan Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 77. South Korea Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 78. South Korea Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 79. South Korea Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 80. India Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 81. India Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 82. India Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 83. Rest of Asia-Pacific Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 84. Rest of Asia-Pacific Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 85. Rest of Asia-Pacific Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 86. LAMEA Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 87. LAMEA Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 88. LAMEA Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 89. LAMEA Driveline Additives Market, by Country, 2021-2031, ($Million)
Table 90. Brazil Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 91. Brazil Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 92. Brazil Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 93. South Africa, Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 94. South Africa, Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 95. South Africa, Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 96. Rest of LAMEA Driveline Additives Market, by Product Type, 2021-2031, ($Million)
Table 97. Rest of LAMEA Driveline Additives Market, by Vehicle Type, 2021-2031, ($Million)
Table 98. Rest of LAMEA Driveline Additives Market, by Additive Type, 2021-2031, ($Million)
Table 99. Ab Petrochem Pvt.Ltd.: Company Snapshot
Table 100. Ab Petrochem Pvt.Ltd.: Operating Segments
Table 101. Ab Petrochem Pvt.Ltd.: Product Portfolio
Table 102. Ab Petrochem Pvt.Ltd.: Net Sales
Table 103. Ab Petrochem Pvt.Ltd.: Key Stratergies
Table 104. Afton Chemical Corporation: Company Snapshot
Table 105. Afton Chemical Corporation: Operating Segments
Table 106. Afton Chemical Corporation: Product Portfolio
Table 107. Afton Chemical Corporation: Net Sales
Table 108. Afton Chemical Corporation: Key Stratergies
Table 109. Basf Se: Company Snapshot
Table 110. Basf Se: Operating Segments
Table 111. Basf Se: Product Portfolio
Table 112. Basf Se: Net Sales
Table 113. Basf Se: Key Stratergies
Table 114. Brb International B.V.: Company Snapshot
Table 115. Brb International B.V.: Operating Segments
Table 116. Brb International B.V.: Product Portfolio
Table 117. Brb International B.V.: Net Sales
Table 118. Brb International B.V.: Key Stratergies
Table 119. Chevron Oronite Company, LLC.: Company Snapshot
Table 120. Chevron Oronite Company, LLC.: Operating Segments
Table 121. Chevron Oronite Company, LLC.: Product Portfolio
Table 122. Chevron Oronite Company, LLC.: Net Sales
Table 123. Chevron Oronite Company, LLC.: Key Stratergies
Table 124. Evonik Industries Ag: Company Snapshot
Table 125. Evonik Industries Ag: Operating Segments
Table 126. Evonik Industries Ag: Product Portfolio
Table 127. Evonik Industries Ag: Net Sales
Table 128. Evonik Industries Ag: Key Stratergies
Table 129. International Petroleum & Additives Company, Inc.: Company Snapshot
Table 130. International Petroleum & Additives Company, Inc.: Operating Segments
Table 131. International Petroleum & Additives Company, Inc.: Product Portfolio
Table 132. International Petroleum & Additives Company, Inc.: Net Sales
Table 133. International Petroleum & Additives Company, Inc.: Key Stratergies
Table 134. The Lubrizol Corporation: Company Snapshot
Table 135. The Lubrizol Corporation: Operating Segments
Table 136. The Lubrizol Corporation: Product Portfolio
Table 137. The Lubrizol Corporation: Net Sales
Table 138. The Lubrizol Corporation: Key Stratergies
Table 139. Vanderbilt Chemicals, LLC.: Company Snapshot
Table 140. Vanderbilt Chemicals, LLC.: Operating Segments
Table 141. Vanderbilt Chemicals, LLC.: Product Portfolio
Table 142. Vanderbilt Chemicals, LLC.: Net Sales
Table 143. Vanderbilt Chemicals, LLC.: Key Stratergies
Table 144. Vps Lubricants: Company Snapshot
Table 145. Vps Lubricants: Operating Segments
Table 146. Vps Lubricants: Product Portfolio
Table 147. Vps Lubricants: Net Sales
Table 148. Vps Lubricants: Key Stratergies
LIST OF FIGURES
Figure 1. Driveline Additives Market Segmentation
Figure 2. Driveline Additives Market, 2021-2031
Figure 3. Driveline Additives Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Driveline Additives Market:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Patent Analysis by Company
Figure 14. Patent Analysis by Country
Figure 15. Regulatory Guidelines
Figure 16. Market Share Analysis
Figure 17. Driveline Additives Market, by Product Type, 2021 (%)
Figure 18. Comparative Share Analysis of Transmission Fluid Additives Driveline Additives Market, 2021-2031 (%)
Figure 19. Comparative Share Analysis of Gear Oil Additives Driveline Additives Market, 2021-2031 (%)
Figure 20. Comparative Share Analysis of Others Driveline Additives Market, 2021-2031 (%)
Figure 21. Driveline Additives Market, by Vehicle Type, 2021 (%)
Figure 22. Comparative Share Analysis of Passenger Vehicles Driveline Additives Market, 2021-2031 (%)
Figure 23. Comparative Share Analysis of Commercial Vehicles Driveline Additives Market, 2021-2031 (%)
Figure 24. Comparative Share Analysis of Off-Highway Vehicles Driveline Additives Market, 2021-2031 (%)
Figure 25. Driveline Additives Market, by Additive Type, 2021 (%)
Figure 26. Comparative Share Analysis of Dispersants Driveline Additives Market, 2021-2031 (%)
Figure 27. Comparative Share Analysis of Viscosity Index Improvers Driveline Additives Market, 2021-2031 (%)
Figure 28. Comparative Share Analysis of Detergents Driveline Additives Market, 2021-2031 (%)
Figure 29. Comparative Share Analysis of Anti-Wear Agents Driveline Additives Market, 2021-2031 (%)
Figure 30. Comparative Share Analysis of Antioxidants Driveline Additives Market, 2021-2031 (%)
Figure 31. Comparative Share Analysis of Corrosion Inhibitors Driveline Additives Market, 2021-2031 (%)
Figure 32. Comparative Share Analysis of Friction Modifiers Driveline Additives Market, 2021-2031 (%)
Figure 33. Comparative Share Analysis of Emulsifiers Driveline Additives Market, 2021-2031 (%)
Figure 34. Comparative Share Analysis of Others Driveline Additives Market, 2021-2031 (%)
Figure 35. Driveline Additives Market by Region, 2021
Figure 36. U.S. Driveline Additives Market, 2021-2031 ($Million)
Figure 37. Canada Driveline Additives Market, 2021-2031 ($Million)
Figure 38. Mexico Driveline Additives Market, 2021-2031 ($Million)
Figure 39. Germany Driveline Additives Market, 2021-2031 ($Million)
Figure 40. France Driveline Additives Market, 2021-2031 ($Million)
Figure 41. Spain Driveline Additives Market, 2021-2031 ($Million)
Figure 42. U.K. Driveline Additives Market, 2021-2031 ($Million)
Figure 43. Rest of Europe Driveline Additives Market, 2021-2031 ($Million)
Figure 44. China Driveline Additives Market, 2021-2031 ($Million)
Figure 45. Japan Driveline Additives Market, 2021-2031 ($Million)
Figure 46. South Korea Driveline Additives Market, 2021-2031 ($Million)
Figure 47. India Driveline Additives Market, 2021-2031 ($Million)
Figure 48. Rest of Asia-Pacific Driveline Additives Market, 2021-2031 ($Million)
Figure 49. Brazil Driveline Additives Market, 2021-2031 ($Million)
Figure 50. South Africa, Driveline Additives Market, 2021-2031 ($Million)
Figure 51. Rest of LAMEA Driveline Additives Market, 2021-2031 ($Million)
Figure 52. Top Winning Strategies, by Year
Figure 53. Top Winning Strategies, by Development
Figure 54. Top Winning Strategies, by Company
Figure 55. Product Mapping of Top 10 Players
Figure 56. Competitive Dashboard
Figure 57. Competitive Heatmap of Top 10 Key Players
Figure 58. Ab Petrochem Pvt.Ltd. Net Sales, ($Million)
Figure 59. Afton Chemical Corporation.: Net Sales, ($Million)
Figure 60. BASF SE.: Net Sales, ($Million)
Figure 61. Brb International B.V. Net Sales, ($Million)
Figure 62. Chevron Oronite Company, LLC. Net Sales, ($Million)
Figure 63. Evonik Industries AG.: Net Sales, ($Million)
Figure 64. International Petroleum & Additives Company, Inc. Net Sales, ($Million)
Figure 65. The Lubrizol Corporation.: Net Sales, ($Million)
Figure 66. Vanderbilt Chemicals, LLC. Net Sales, ($Million)
Figure 67. Vps Lubricants.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Driveline Additives Market,' the driveline additives market was valued at $7.4 billion in 2021, and is estimated to reach $10.7 billion by 2031, growing at a CAGR of 3.8% from 2022 to 2031.

Driveline additives are referred to the additives which might be broadly utilized 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 enhancing the fuel efficiency of the car and decrease emissions.

Rise in manufacturing of automobiles around the world coupled with surge in number of on-road and off-road motors in operation are predicted to fuel the market growth of the driveline additive. In addition, the growth in adoption of Continuously Variable Transmission (CVT) and the creation of transmissions with high operational temperatures are projected to propel the market growth. Moreover, growth in demand for longer drain intervals from the OEMs is projected to create excessive demand for driveline additives over the forecast timeframe. The increase in launch of innovative lubricant additives is predicted to foster the market growth of driveline additives. For instance, in April 2019, Lanxess launched an organic additive for passenger car and high-performance engine oils. The new Addition RC 3502 that has been specifically developed to reduce friction and deliver sustained performance &anti-wear protection. Moreover, it is non-corrosive, compatible with all synthetic and mineral engine oils, and has zero SAPS (sulphated ash, phosphorous, and sulphur). However, fluctuating prices of driveline additives around the globe has negatively impacted the market growth of driveline additives.

The driveline additives market is segmented into product type, vehicle type, additives type, and region. By product type, the market is categorized into transmission fluid additives, gear oil additives, and others. By vehicle type, it is fragmented into passenger vehicles, commercial vehicles, and off-highway vehicles. As per additives type, it is classified into dispersants, viscosity index improvers, detergents, anti-wear agents, antioxidants, corrosion inhibitors, friction modifiers, emulsifiers, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global driveline additives market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include AB Petrochem Pvt. Ltd., Afton Chemical Corporation, BASF SE, BRB International B.V., Chevron Oronite Company, LLC, Evonik Industries AG, International Petroleum & Additives Company, Inc., The Lubrizol Corporation, Vanderbilt Chemicals, LLC, VPS Lubricants.

The global driveline additivesmarket is analyzed in accordance with the impacts of drivers, restraints, and opportunities. The period studied in this report is 2021-2031. The report includes the study of the market with respect to the growth prospects and restraints on the basis of regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

KEY FINDINGS OF STUDY

  • On the basis of product type, the transmission fluid additives segment emerged as the global leader with around 53.6% of the global market share in 2021, and is anticipated to be the largest markets during the forecast period.
  • Depending on vehicle type,the passenger vehicles segment registered the highest market share of around 66.1%, and is projected to maintain the same during the forecast period.
  • As per additives type, the dispersants segment registered the highest market share of around 29.1%, and is projected to maintain the same during the forecast period.
  • Region wise, Asia-Pacific registered the highest market share of around 35.5%, and is projected to maintain the same during the forecast period.

IMPACT OF COVID-19 ON DRIVELINE ADDITIVES MARKET

  • The COVID-19 pandemic is rapidly spreading and ruthlessly affecting the business environments of major markets. The demand for driveline additives is witnessing significant decline in all segments. Some regions, particularly, North America and Europe, are witnessing greater decline than Asia-Pacific. Amidst the ongoing crisis, driveline additives producers are operating at a lower capacity and are planning to scale up their operation after carefully assessing the course of COVID-19 in the near term.
  • In response to the global coronavirus outbreak, which was responsible for major lifestyle, health, and business changes, the industry for driveline additives suffered a significant blow. This was mainly due to the abrupt closing down of the automotive manufacturing plants. The dearth of labor and components also plummeted the sales of vehicles. However, with the gradual resumption of most industrial operations, the product demand is expected to pick up an essential pace.
  • As a result of the pandemic, many cars were rendered obsolete. In some households, they had been static for months. This necessitated the use of driveline additives such as detergents, dispersants and emulsifiers, and anti-wear additives to maintain and safeguard the cars.
As a result of the reopening of various production facilities, the industry is gradually recovering from losses, resulting in strong sales expectations in the driveline additives market. In the coming years, rising prospects for transmission fluid additives are likely to improve demand for the product.

Companies Mentioned

  • AB Petrochem Pvt.Ltd.
  • Afton Chemical Corporation
  • BASF SE
  • BRB International B.V.
  • Chevron Oronite Company, LLC.
  • Evonik Industries AG
  • International Petroleum & Additives Company, Inc.
  • The Lubrizol Corporation
  • Vanderbilt Chemicals, LLC.
  • VPS Lubricants

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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