Global driveline additives marketPosted by Nishigandha Sachin Bhushinge on January 28th, 2020 Global driveline additives market was valued at US$ 4.71 in 2017, and is anticipated to reach US$ 7.621 Mn by 2026 growing at a CAGR of 6.2% during the forecast period. Growth in vehicles production, increasing need of extended service drain breaks for axle fluids & transmission fluids, increasing consumer preference toward improving fuel efficiency of vehicles are factors driving the driveline additives market growth. Besides, collaboration between automotive original equipment manufacturers (OEMs), lubricant and additive suppliers, and increasing investments in developing regions are some other factors accelerating the growth of driveline additives market. High cost of driveline additives as compared to conventional additives and fluctuating raw material prices hampers the growth of drivelines additives market. Increasing requirement for efficiency and durability creates a significant opportunities for the market players. Among product types, the gear oil additives segment held major share of the global driveline additives market in 2017. While, the transmission fluid additives segment expected to dominant by 2026. Passenger car segment is projected to be the dominant almost two third of share in the overall global driveline additives market. Commercial vehicles being second largest held 25 % share. Off-highway vehicles and passenger vehicles segments are lucrative sectors for investment in the market, followed by the commercial vehicles segment. Driveline additives poses unique performance characteristics make them ideal for use in high-pressure hydraulic systems, construction, mining, and forestry equipment. Asia-Pacific dominated the global driveline additives market and will witness the highest growth rate, owing to the rapid growth in automobile industry in countries, such as China, India, Indonesia, Iran, Philippines, and Vietnam. Implementation of stringent government norms/regulations concerning volatile organic content (VOC) emissions from automobiles in south Asian countries is foreseen to fuel the growth to the driveline additives market. The market in North America accounts for the second-highest revenue share contribution to the global driveline additives market followed by markets in Europe, Latin America, and Middle East & Africa respectively owing to rapid growth of the automobile industry. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding driveline additives market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in driveline additives market. For more Information to visit: https://www.maximizemarketresearch.com/market-report/global-driveline-additives-market/29046/
Global Driveline Additives Market, by Vehicle: • Passenger vehicle • Transmission fluid additive • Dispersants • BRB International B.V. This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com Address : Pune, Maharashtra 411051, India. Contact: +919607195908 Like it? Share it! More by this author |