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)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Driveline additives are used to lubricate parts of the engine in vehicles such as brakes, drives, and others, in order to optimize the performance of the automobile. The driveline additives offers various advantages including temperature stability, high friction durability, and wear protection. The driveline additives has applications in passenger cars, commercial vehicles, and off-highway vehicles. Growing automotive industry across the globe is expected to drive the global driveline additives market growth over the forecast period. For instance, in 2022, Afton Chemical Corporation, collaborated with Original Equipment Manufacturer, to meet the current Original Equipment Manufacturer requirements for extended drain, fuel efficiency, and temperature stability. The Afton Chemical Corporation company sells lubricity and cold flow enhancers, driveline products, power steering fluid additives, gasoline performance additives, diesel fuel additives, and lubricity additives.

Market Dynamics

On the basis of application, global driveline additives market is segmented into passenger cars, commercial vehicles, and off-highway vehicles. Passenger cars segment accounted for the largest market share of 59.1%, in terms of the volume, in 2022, a followed by commercial vehicles and off-highway vehicles.

On the basis of region, in 2022, Europe accounted for the second largest share, in terms of revenue, and contributed for US$ 2393.5 Mn in global driveline additives market. Moreover, Middle East & Africa is predicted to record fastest growth, in terms of revenue, during the forecast period (2023 to 2030).

Key features of the study:

• This report provides in-depth analysis of global driveline additives market and provides market size (US$ Mn and) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global driveline additives market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Lubrizol Corporation, BASF SE, Afton Chemical Corporation, Vanderbilt Chemicals, LLC, Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, and Lubrilic
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up gradation, market expansion, and marketing tactics
• Global driveline additives market report caters to various stakeholders in this industry including investors, suppliers, Driveline Additives manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global driveline additives market

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.
• Canada

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Europe

• U.K.
• Germany
• France
• Russia
• Spain
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• ASEAN
• OCEANIA
• Rest of Asia Pacific

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa
• Company Profiles

Lubrizol Corporation*

• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans

BASF SE

Afton Chemical Corporation

Vanderbilt Chemicals, LLC

Infineum International Limited

BRB International B.V

Chevron Oronite Company, LLC

Lubrilic

“*” marked represents similar segmentation in other categories in the respective section.