Automotive crankcase additives are chemicals that are infused in the crankcase oil. Additives help the engine to offer various advantages such as greater engine efficiency, performance enhancement, and control in the emission. Thereby, improving the lubricating properties of the engine oil. Without crankcase additives, the oil would become polluted, leak out and hence will not be able to protect engine parts. Furthermore, crankcase additives are used only in internal combustion engines (ICE) for smooth functionality. Therefore, increase in demand for diesel engine is expected to drive the growth of the global automotive crankcase additives market in near future.
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COVID-19 scenario analysis:
- As per government declared lockdown owing to coronavirus, manufacturers are facing issues such as closure of factories and unavailability of workforce which further affects the automotive crankcase additives market.
- The lockdown has been declared by the governments all over the world due to which a decline in the demand and supply cycle of many automotive crankcase additives manufacturers is being observed.
- The vendors in automotive crankcase additives industry across the globe is being affected severely due to the restrictions on crankcase additives producers across the affected areas as well as the declared lockdowns, which in turn is expected to affect the global automotive crankcase additives manufacturers worldwide.
- The production and installation of crankcase additives across the affected countries had been shut down owing to coronavirus due to which the automotive crankcase additives market has been hampered.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Increase in production of the vehicles, rise in disposable income, and government regulations to reduce harmful emissions in the environment are driving the growth of the market. However, increase in sales of battery electric vehicles and less reliance on internal combustion engines are expected to hamper the growth of the market. On the contrary, advanced crankcase additives such as metal deactivators and corrosion inhibiting additives are expected to create an opportunity for the market investments.
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The global automotive crankcase additives market trends are as follows:
Government regulations to reduce harmful emissions in the environment
Environmental pollution and carbon discharge have increased globally, especially due to rise in number of vehicles on the road. Furthermore, vehicular emission hampers the health of humans due to which controlling the carbon emission has become necessary. Thereby, government is focusing on decreasing carbon emission of automobiles by imposing stringent regulations on manufacturers of new vehicles. For instance, numerous test procedures & protocols such as European program on emissions, fuels, and engine technologies (EPEFE) have been introduced by the European government so as to reduce the carbon emission. Therefore, stringent government regulations regarding vehicular carbon emissions is expected to foster the growth of the automotive crankcase additives market.
Key benefits of the report:
- This study presents the analytical depiction of the automotive crankcase additives industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive crankcase additives market.
- The current market is quantitatively analyzed to highlight the automotive crankcase additives market growth scenario.
- We can also determine additives will remain a significant revenue shareholder in the global automotive crankcase additives market through the predictable future.
Questions answered in the global automotive crankcase additives market research report:
- Which are the leading market players active in the automotive crankcase additives market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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Automotive Crankcase Additives Market Report Highlights
| Aspects | Details |
|---|---|
| By Type | AntioxidantsFriction ModifiersDetergent AdditivesRush InhibitorsPour Point DepressantsViscosity Index Improvers (VII)Anti-Foam AgentsAnti-Misting AgentsOthers |
| By Application | Petrol EnginesDiesel EnginesNatural Gasoline Engines |
| By Vehicle Type | Passenger VehiclesLight Commercial VehiclesHeavy Commercial Vehicles |
| By Region | North America (US, Canada, Mexico)Europe (Germany, France, UK, Italy, rest of Europe)Asia-Pacific (China, Japan, India, South Korea, rest of Asia-Pacific)LAMEA (Brazil, Turkey, Saudi Arabia, rest of LAMEA) |
| Key Market Players | Brenntag Holding, Royal Dutch Shell, ABRO Industries, Chevron, The Lubrizol Corporation, Chemtura Corporation, Evonik Industries, ENI, Croda International, Afton Chemical Corporation |
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