Automotive Additive Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Automotive Additive Market by Plastic (Polypropylene (PP), Polyurethane (PUR), Poly-Vinyl Chloride (PVC), Acrylonitrile Butadiene Styrene (ABS)), Plastic Additive (Plasticizers, Anti-Scratch, Stabilizers, Antioxidant, Others) Vehicle (Passenger Cars and Commercial Vehicles), Automotive Application (Exterior, Interior, Under the Hood, Electronic & Electrical), and Geography

 

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Report

Description

Automotive Additives Market Outline

Automotive additive market products in two basic categories mainly additives for use in the vehicle’s fuel system, including both Diesel and gasoline engines, and cleaners and supplements for use with the various lubricants in the vehicle, including engine oil, transmission fluid, gear oil and power steering fluid. As it is critical to maintain fuel system cleanliness to maximize fuel economy and performance and minimize emissions, LSC manufacturers fuel products containing state-of-the-art deposit control additives including polyether amines (PEA) and polyisobutylenes (PIB) that effectively remove deposits from fuel injectors, intake valves and combustion chambers, returning fuel system to near new cleanliness and performance. For diesel engines, in addition to deposit control additives to maintain engine cleanliness, our diesel fuel products also contain components to address the deficiencies of current Diesel fuels, improving key performance parameters including Cetane number, lubricity and low temperature performance. Automotive Additives Market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes (US$ Mn) on the plastic additive, vehicle type, application and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global automotive additive.

Automotive Additive Market

MARKET SUMMARY
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x
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR–x%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Automotive Additive Market Analysis

  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market
  • November 2017: Agreement between Eni SpA and, a major car manufacturer, FCA to reduce CO2 emissions.
  • Europe Automotive Additive Market is expected to grow at a moderate CAGR during the forecast period. The market is driven by the enactment of stringent environmental regulations, in addition to the increasing demand for clean and efficient fuel.
  • Environmental regulations governing CO2 and NOx emissions are driving the global automotive additive market. Increasingly severe fuel-efficiency rules and regulations, which are being imposed by various regulatory bodies in various countries, are projected to boost the automotive additives market in the near future.
Market Leaders
  • Akzo Nobel N.V.
  • BASF SE
  • Clariant
  • Covestro AG
  • The Dow Chemical Company
  • Evonik Industries
  • ExxonMobil Corporation
Automotive Additive Market

Drivers and Restraints

Growing demand of fuel which enhances its efficacy coupled with the preference of high quality cars instead of low quality cars has up surged the growth of automotive additive market. With the increasing pollution and environmental thereat imposed due to the use of conventional fuel there is a rise in demand for the use of automotive additives. This is considered to be one of the factor which has positively impacted the growth of automotive additives in the market. The growing trend of electric vehicles is also a major factor that has contributed to the growth of this market. However, volatility in prices of additives, the high price of the oil and fuel automotive additives and the engine downsizing trend going on in the automobile industries, are the factors that are expected to affect the growth of automotive additives market.


Automotive Additive Market Regional Analysis

Asia Pacific dominates the market

Asia Pacific Market is expected to grow and become the largest market for automotive additives by the end of the year 2017. The reason behind this is that the Asia-Pacific region is the hub for the production of passenger cars and electric automobiles. China being the largest market for automotive additives in the region. Furthermore, the electrification of vehicles is also driving the automotive additives market in this region. The region is focusing on manufacturing fuel-efficient vehicles by reducing the overall weight of the vehicle. This is also helping to boost the automotive additives market in the region. North America Automotive Additive Market is growing at a healthy rate, owing to the increasing government regulations on emissions, along with increasing investments in the development of newer additives. Gasoline fuel additives have been one of the most dynamic segments of the industry in the past decade and will continue to offer opportunities, especially, for better performing products. Additionally, fuel ethanol is the most excessively used fuel additive in the United States.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Automotive Additive Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • Akzo Nobel N.V.
  • BASF SE
  • Clariant
  • Covestro AG
  • The Dow Chemical Company
  • Evonik Industries
  • ExxonMobil Corporation
  • Kaneka Corporation
  • Lanxess
  • PolyOne Corporation
  • Sabic

Description

Automotive Additives Market Outline

Automotive additive market products in two basic categories mainly additives for use in the vehicle’s fuel system, including both Diesel and gasoline engines, and cleaners and supplements for use with the various lubricants in the vehicle, including engine oil, transmission fluid, gear oil and power steering fluid. As it is critical to maintain fuel system cleanliness to maximize fuel economy and performance and minimize emissions, LSC manufacturers fuel products containing state-of-the-art deposit control additives including polyether amines (PEA) and polyisobutylenes (PIB) that effectively remove deposits from fuel injectors, intake valves and combustion chambers, returning fuel system to near new cleanliness and performance. For diesel engines, in addition to deposit control additives to maintain engine cleanliness, our diesel fuel products also contain components to address the deficiencies of current Diesel fuels, improving key performance parameters including Cetane number, lubricity and low temperature performance. Automotive Additives Market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes (US$ Mn) on the plastic additive, vehicle type, application and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global automotive additive.

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