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Driveline additives are designed to optimize automotive performance. In order to achieve optimal lubrication, proper knowledge of both equipment and properties of the base fluids and additives is necessary. Additives added to transmission fluid formulations or gear oils decrease friction and eliminate heat. High-pressure anti-wear additives are used to prevent equipment failure and downtime caused by scuffing, wearing, spalling, pitting, scoring, and other types of distress. Protection against oxidation, thermal degradation, rust, copper corrosion, and foaming is also provided by driveline additive.

The driveline additives market is driven by the increasing need for extended service drain breaks for axle fluids and transmission fluids, growth in vehicles production, rise in consumer preference toward improving fuel efficiency of vehicles, and increase in on-road and off-road vehicle parc. The global driveline additives market is expected to expand significantly in the near future, owing to the implementation of stringent emission regulations globally and continuous requirement for hardware durability. The automobile industry is driven by the rising demand for automobiles in developing economies such as China and India. This, in turn, is boosting the requirement for finished lubricants, thereby increasing the demand for driveline additives.

The driveline additives market is constantly changing owing to the continuous evolution of the driveline industry. Developments such as increased vehicle production, emissions legislation, and globalization and localization, especially in India, have a significant impact on the industry driveline lubricant needs. However, fluctuating raw material prices and high cost of driveline additives as compared to conventional additives are expected to hinder the market.

The driveline additives market can be segmented based on application, product, additive type, and region. In terms of application, the market can be segmented into off-highway vehicles, commercials vehicles, and passenger vehicles. In terms of product, the market can be divided into gear oil additives, transmission fluid additives, and others. Based on additive type, the market can be classified into viscosity index improvers, dispersants, anti-wear agents, corrosion inhibitors, detergents, friction modifiers, antioxidants, emulsifiers, and others.

In terms of geography, the driveline additives market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of volume, Asia Pacific is likely to dominate the global driveline additives market during the forecast period, owing to the presence of developing economics such as China, India, and Indonesia in the region. Moreover, rapid growth of the automobile industry in countries, such as India, China, Iran, Indonesia, Vietnam, and Philippines is anticipated to augment the growth of the market during the forecast period. In terms of consumption, Asia Pacific led the global driveline additives market in 2016, followed by North America and Europe. Furthermore, the market in Asia Pacific is projected to expand at a significant pace. China is dominating the market in the region, owing to the vast growth in its economy, increase in population, rise in industrialization and expansion of the automotive industry. Implementation of stringent government norms concerning volatile organic content (VOC) emissions from automobiles in countries such as China and India is anticipated to further boost the driveline additives market in Asia Pacific. The market in Europe and North America is expected to expand at a high pace during the forecast period, while the market in Middle East & Africa and Latin America is likely to expand at a moderate pace during the forecast period.

Key players operating in the global driveline additives market include Afton Chemical Corp., Evonik Industries, Dow Chemical, BASF SE, International Petroleum and Additives Company Inc., The Lubrizol Corporation, Chevron Oronite Company, Petroleum Chemicals, LLC, AB Petrochem Pvt. Ltd., Infineum International Ltd., Lubrilic, VPS Lubricants, Vanderbilt Chemicals, LLC., and BRB International B.V.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Driveline Additives Market

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