Press release
Automotive Additives Market Size & Share - Industry Trend and Forecast 2017 - 2025
The report analyzes and presents an overview of "Automotive Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" worldwide.
The main objective of this report is to define, describe, and forecast the global “Automotive Additives” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
Get Sample Copy of this report @ https://www.marketresearchreports.biz/sample/sample/1865846
Automotive Additives Market: Overview
Additives are substances that are added to a material in order to enhance its properties. Additives are used in vehicles for various purposes. Plastic additives are used to increase resistance and shock absorbing property of plastics that are used to manufacture automotive component. While, fuel additives are compounds that are utilized to enhance the efficiency of fuels used in vehicles in order to achieve the target of reduced vehicular emissions and improved carbon footprint. Fuel automotive additives are primarily added along with the engine oil, while other additives along with transmission oil, and coolant in order to improve their respective performance.
Automotive Additives Market: Drivers and Restraints
Growing stringent norms and regulations regarding improved fuel-efficiency, which are being laid down by several regulatory bodies in different nations, is expected to further propel the automotive additives market in the near future. Increasing adoption of alternate fuel sources such as ethanol and biodiesel in recent years is anticipated to provide promising applications for the usage of automotive additives in the next few years. Rising demand for improved strength, enhanced crashworthiness, and increased durability of vehicles is propelling the usage of plastic additives in plastic components of vehicles. Increasing focus of key vehicle manufacturers on metal to plastic replacement in recent years is expected to further boost the automotive additives market during the forecast period.
Automotive Additives Market: Key Segments
The global Automotive Additives Market can be segmented based on type, application, vehicle, electric vehicle, and region. In terms of type, the automotive additives market can be segmented into oil additives, plastic additives and fuel additives. The oil additives can be synthetic or petroleum based. Oil additives have numerous applications. The plastic additives segment is further sub-segmented into plasticizers, anti-scratch agent, stabilizers, and antioxidants. The fuel additives segment is further sub-segmented into fuel stabilizers, Octane boosters, corrosion inhibitor, fuel injector cleaners, CETANE improvers, anti-gel diesel additives and others. The plastic additives segment is expected to witness remarkable growth during the forecast period owing to the increasing efforts for metal to plastic conversion by major OEMs for vehicle downsizing and for increasing the durability of vehicle components.
Based on application, the automotive additives market can be divided into interior, exterior, under the hood, and electric & electronics. Exposure to sunlight, especially at high temperatures is expected to lead to loss of mechanical properties and discoloration of plastic components. Consistent exposure of exterior vehicle components such as bumpers, rocker panels, fenders, tail gates, glazing & lighting, and windshield to sunlight and high temperatures is fueling the usage of stabilizers such as light stabilizer and heat stabilizer in order to protect these exterior components of the vehicle.
Apart from light, heat, and thermal stabilizers, interior components of a vehicle such as instrument & door panels, consoles, pillars & seating components also require anti-scratch additives, since scratches can hamper the aesthetical appearance of the vehicle’s. Plastic components that are utilized in under-the-hood applications such as air ducts and air intake manifolds have to withstand high temperatures owing to the increasing efforts by OEMs to develop smaller-sized engines in order to improve the fuel-efficiency of vehicles. This, in turn, is anticipated to provide lucrative opportunities for the usage of heat stabilizers and thermal stabilizers in under-the-hood applications. Fuel additives are added to the engine oil and transmission oil for improving the fuel efficiency and vehicle performance.
Based on vehicle type, the automotive additives market can be classified into passenger vehicles and commercial vehicles. The passenger vehicles segment is anticipated to expand at a considerable growth rate during the forecast period owing to the rising consumer demand for passenger vehicles in recent years.
Based on electric vehicles, the automotive additives market can be segregated into battery electric vehicles, plug-in electric vehicles, and hybrid electric vehicles. The HEVs segment is anticipated to expand at a rapid pace during the forecast period. This is ascribed to the fact that HEVs provide improved fuel efficiency due to the presence of the electric propulsion systems apart from the conventional internal combustion engines.
Based on geographical region, the automotive additives market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The automotive additives market in Asia Pacific is expected to expand at a high growth rate during the forecast period, owing to the rapid expansion of the automotive industry in the region, huge production of passenger cars and electric vehicle is anticipated to drive the automotive additives market in forecast period.
Request For Enquiry @ https://www.marketresearchreports.biz/sample/enquiry/1865846
Automotive Additives Market: Key Players
Key players operating in the global automotive additives market include BASF SE, Exxon Mobil Corporation, Covestro AG, The Dow Chemical Company, SABIC, Akzo Nobel N.V., Afton Chemical, EVONIK, and The Lubrizol Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
About Us
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
Contact Us
Mr. Nachiket
State Tower
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-621-2074
Website: http://www.marketresearchreports.biz/
E: sales@marketresearchreports.biz
The main objective of this report is to define, describe, and forecast the global “Automotive Additives” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
Get Sample Copy of this report @ https://www.marketresearchreports.biz/sample/sample/1865846
Automotive Additives Market: Overview
Additives are substances that are added to a material in order to enhance its properties. Additives are used in vehicles for various purposes. Plastic additives are used to increase resistance and shock absorbing property of plastics that are used to manufacture automotive component. While, fuel additives are compounds that are utilized to enhance the efficiency of fuels used in vehicles in order to achieve the target of reduced vehicular emissions and improved carbon footprint. Fuel automotive additives are primarily added along with the engine oil, while other additives along with transmission oil, and coolant in order to improve their respective performance.
Automotive Additives Market: Drivers and Restraints
Growing stringent norms and regulations regarding improved fuel-efficiency, which are being laid down by several regulatory bodies in different nations, is expected to further propel the automotive additives market in the near future. Increasing adoption of alternate fuel sources such as ethanol and biodiesel in recent years is anticipated to provide promising applications for the usage of automotive additives in the next few years. Rising demand for improved strength, enhanced crashworthiness, and increased durability of vehicles is propelling the usage of plastic additives in plastic components of vehicles. Increasing focus of key vehicle manufacturers on metal to plastic replacement in recent years is expected to further boost the automotive additives market during the forecast period.
Automotive Additives Market: Key Segments
The global Automotive Additives Market can be segmented based on type, application, vehicle, electric vehicle, and region. In terms of type, the automotive additives market can be segmented into oil additives, plastic additives and fuel additives. The oil additives can be synthetic or petroleum based. Oil additives have numerous applications. The plastic additives segment is further sub-segmented into plasticizers, anti-scratch agent, stabilizers, and antioxidants. The fuel additives segment is further sub-segmented into fuel stabilizers, Octane boosters, corrosion inhibitor, fuel injector cleaners, CETANE improvers, anti-gel diesel additives and others. The plastic additives segment is expected to witness remarkable growth during the forecast period owing to the increasing efforts for metal to plastic conversion by major OEMs for vehicle downsizing and for increasing the durability of vehicle components.
Based on application, the automotive additives market can be divided into interior, exterior, under the hood, and electric & electronics. Exposure to sunlight, especially at high temperatures is expected to lead to loss of mechanical properties and discoloration of plastic components. Consistent exposure of exterior vehicle components such as bumpers, rocker panels, fenders, tail gates, glazing & lighting, and windshield to sunlight and high temperatures is fueling the usage of stabilizers such as light stabilizer and heat stabilizer in order to protect these exterior components of the vehicle.
Apart from light, heat, and thermal stabilizers, interior components of a vehicle such as instrument & door panels, consoles, pillars & seating components also require anti-scratch additives, since scratches can hamper the aesthetical appearance of the vehicle’s. Plastic components that are utilized in under-the-hood applications such as air ducts and air intake manifolds have to withstand high temperatures owing to the increasing efforts by OEMs to develop smaller-sized engines in order to improve the fuel-efficiency of vehicles. This, in turn, is anticipated to provide lucrative opportunities for the usage of heat stabilizers and thermal stabilizers in under-the-hood applications. Fuel additives are added to the engine oil and transmission oil for improving the fuel efficiency and vehicle performance.
Based on vehicle type, the automotive additives market can be classified into passenger vehicles and commercial vehicles. The passenger vehicles segment is anticipated to expand at a considerable growth rate during the forecast period owing to the rising consumer demand for passenger vehicles in recent years.
Based on electric vehicles, the automotive additives market can be segregated into battery electric vehicles, plug-in electric vehicles, and hybrid electric vehicles. The HEVs segment is anticipated to expand at a rapid pace during the forecast period. This is ascribed to the fact that HEVs provide improved fuel efficiency due to the presence of the electric propulsion systems apart from the conventional internal combustion engines.
Based on geographical region, the automotive additives market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The automotive additives market in Asia Pacific is expected to expand at a high growth rate during the forecast period, owing to the rapid expansion of the automotive industry in the region, huge production of passenger cars and electric vehicle is anticipated to drive the automotive additives market in forecast period.
Request For Enquiry @ https://www.marketresearchreports.biz/sample/enquiry/1865846
Automotive Additives Market: Key Players
Key players operating in the global automotive additives market include BASF SE, Exxon Mobil Corporation, Covestro AG, The Dow Chemical Company, SABIC, Akzo Nobel N.V., Afton Chemical, EVONIK, and The Lubrizol Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
About Us
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
Contact Us
Mr. Nachiket
State Tower
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-621-2074
Website: http://www.marketresearchreports.biz/
E: sales@marketresearchreports.biz
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
