Engine Oil Additives Market is anticipated to grow at a significant CAGR during the forecast period. Engine Oil Additives are additives used in engine oil to improve its lubricating capabilities. Additives are chemical compounds or substances, blended in the engine oil to give added protection against corrosive elements. These additives protect the internal components of engines from wear and tear by minimizing friction between moving parts. Engine Oil Additive market has gained importance among OEMs for meeting stringent emission norms globally.
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Market – Segmentation
By Information Type
- Anti-Oxidants
- Detergents
- Corrosion inhibitors
- Dispersants
By End-User
- Automotive
- IndustrialKey Players
- BASF SE
- Evonik
- LANXESS
- Chevron Oronite
- Croda International Plc
- Lubrizol Corporation
- Infineum International Ltd
- Vanderbit Chemicals LLC
- Lanzhou Lanlian Additive Co. Ltd
Drivers
- The growing demand for fuel-efficient automobiles is driving the engine oil additives industry
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Scope of the Report
The research study analyses the Global Engine Oil Additive Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
- North America Market Size and/or Volume
- Latin America Market Size and/or Volume
- Europe Market Size and/or Volume
- Asia-Pacific Market Size and/or Volume
- Rest of the world Market Size and/or Volume
Key Questions Answered by Engine Oil Additives Market Report :
- What was the Engine Oil Additive Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Engine Oil Additive Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Engine Oil Additive Market was the market leader in 2021s?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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