Driveline additives are referred to the additives that are widely used 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 the enhancing the fuel effecting of the vehicle and reduce emissions.

The global driveline additives market US$ 7,619.0 Mn in terms of value and is projected to reach US$ 12,845.5 Mn by the end of 2027, growing at a CAGR of 5.9% during the forecast period (2019 to 2027).

Top Key Players in Driveline Additives  market: Lubrizol Corporation, BASF SE, Afton Chemical Corporation, Vanderbilt Chemicals, LLC, Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, and Lubrilic

Regional Analysis:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Driveline Additives market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

• North America [U.S., Canada, Mexico]
• Europe [Germany, UK, France, Italy, Rest of Europe]
• Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
• South America [Brazil, Argentina, Rest of Latin America]
• Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]Fluctuating prices of driveline additives round the globe has negatively impacted the market growth of driveline additives. Volatility within the supply of raw materials including the overall impact of upper petroleum prices is predicted to hinder the market growth of driveline additives. Moreover, strict export/import laws and regulations are restricting trading round the globe. This factor is additionally projected to limit the market growth of driveline additives.Increasing adoption of the hybrid electric vehicle thanks to strict emission norms is projected to hamper the market growth of driveline additives. The hybrid electric vehicle is powered by A battery and hence are fuel-efficient, the govt of varied countries is taking initiatives to market the usage of hybrid electric vehicles which is predicted to limit the usage of driveline additives. this is often turn expected to hinder the market growth.

Fluctuating prices of driveline additives around the globe has negatively impacted the market growth of driveline additives. Volatility in the supply of raw materials coupled with the general impact of higher crude oil prices is expected to hinder the market growth of driveline additives. Moreover, strict export/import laws and regulations are restricting trading around the globe. This factor is also projected to restrict the market growth of driveline additives.

Increasing adoption of the hybrid electric vehicle due to strict emission norms is projected to hamper the market growth of driveline additives. The hybrid electric vehicle is powered by a battery and hence are fuel-efficient, the government of various countries is taking initiatives to promote the usage of hybrid electric vehicles which is expected to restrict the usage of driveline additives. This is turn expected to hinder the market growth.

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