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Market Synopsis
According to the MRFR analysis, the global Engine Oil Additives Market size was valued at around USD 9.5 billion in 2019 and is expected to reach around USD 11 billion by the end of 2027 at a CAGR of 3.5%.
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Engine oil additives are chemical compounds that are used to enhance the performance of engine oils. Additives are selected based on their ability to perform specific functions in combination with other additives. They are formulated for use with a specific base oil and for a specified end-use application. The major functional additive types are anti-oxidant, dispersants, detergents, anti-wear agents, viscosity modifiers, demulsifiers, and extreme-pressure additives.
High demand from the automotive industry and rising industrialization globally are factors that are expected to propel the growth of the global engine oil additives market. Furthermore, the advancement in engine oil additives and the development of various additives as per end-use industry is further fueling the growth of the global market. However, the high cost of raw materials and stringent government regulations hamper the growth of the market.
Competitive Landscape
The global Engine Oil Additives Market is fragmented with numerous global, regional, and local players. Manufacturers focus on developing advanced engine oil additives made from high-quality materials and expanding their production capacity to maintain supply-demand balance. Furthermore, producers increasingly focus on a strategic alliance with stake holders to gain a maximum share of the global market. Moreover, due to the coronavirus outbreak globally, the automotive industry witnessed a decline in demand. Furthermore, a steep fall in crude oil prices during 2020 had a significant impact on base oil prices and single additives.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of TheReport
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Factor Analysis
4.1 Supply Chain Analysis
4.1.1 Raw Form Suppliers
4.1.2 Manufacturers/Service Providers of Engine Oil Additive
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
4.1.4 End-Use Industries
4.2 Porter’s Five Forces Model
4.2.1 Threat Of New Entrants
4.2.2 Intensity Of Competitive Rivalry
4.2.3 Threat Of Substitutes
4.2.4 Bargaining Power Of Suppliers
4.2.5 Bargaining Power Of Buyers
4.3 Pricing Analysis
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Segmentation
By Type
By Enduser
By Region
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