The driveline additives market is anticipated to expand at a CAGR of about 5% from 2019 to 2029. By type, the market is anticipated to remain dominated by gearbox fluid additive, which is anticipated to hold more than half of the market by 2029.
Driveline additive consumption is predicted to increase over the forecast period as a result of increased CVT use, the development of transmissions with high operating temperatures, the requirement for longer drain intervals, and other considerations. The proliferation of automobiles being produced on a global basis is the main factor fueling the market’s rise.
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Competitive Strategies
Global driveline additives market is partially fragmented, in which Afton Chemical Corporation, BASF SE, BRB International, Chevron Oronite Company, LLC, Lubrizol Corporation, and Vanderbilt Chemicals, LLC are the key stakeholders.
In recent years prominent players have been involved in the commercialization of their products to leverage immense potential in the market. Players are also involved in corporate tie-ups with automotive OEMs to retain their existing customers and deliver customized products.
- For instance, Afton Chemical Corporation is working with OEMs to meet today’s OEM requirements for extended drain, fuel efficiency, and temperature stability.
- Lubrizol has developed sulfur-phosphorus based chemistry to meet the performance needs of hypoid gears. The company is focusing on creating its monopoly in the market by offering thermally stable additive technology to meet the needs of higher speeds and loads.
Key Highlights:
- Increasing need for low-temperature fluidity and oxidation stability will upsurge the demand for driveline additives in automatic transmission fluids over the forecast period.
- Efficacy to offer enhanced performance and improved lubrication against friction is likely to propel its demand in construction, mining, and forestry equipment.
- Transmission fluid additive type is projected to continue its reign in the market and is forecast to account for over half of the market by 2029
- Passenger cars have dominated the demand for driveline additives in 2018 and are set to drive the demand for driveline additives with a leading growth rate over other applications.
- Europe is projected to continue its supremacy among other regions accounting for over one-third of the global demand in 2029
- APEJ is forecast to grow at a leading growth rate of ~9% among other regions during the assessment period.
“Efficacy to offer many years of trouble-free performance and unrivaled friction control will fuel the demand for driveline additives, says the Fact.MR analyst.”
In-Depth Assessment on Key Segments
Fact.MR has segmented the driveline additives market on the basis of type, application, and region.
| Type | Transmission Fluid, Additives Gear Oil Additives |
| Application | Passenger Cars, Commercial Vehicles, Off-highway Vehicles |
Global driveline additives Analysis and Forecast by Region
- North America Vein Recognition Biometrics Market Size and Forecast, 2022-2032
- Germany driveline additives Size and Forecast, 2022-2032
- UK Vein Recognition Biometrics Market Size and Forecast, 2022-2032
- France driveline additives Size and Forecast, 2022-2032
- Spain driveline additives Size and Forecast, 2022-2032
- Japan driveline additives Size and Forecast, 2022-2032
- China driveline additives Size and Forecast, 2022-2032
- Malaysia driveline additives Size and Forecast, 2022-2032
- Thailand driveline additives Size and Forecast, 2022-2032
- Australia driveline additives Size and Forecast, 2022-2032
Key Questions Covered in the Driveline additives Report
- What will be the estimated size of the driveline additives in 2023?
- At what rate will sales in the global driveline additives grow until 2032?
- Which are the factors hampering the demand in the artificial sweetener market?
- Which region will spearhead the growth in the global driveline additives during 2022-2032?
- Which are the factors driving sales in the driveline additives during the forecast period?
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