Driveline additives, also known as automotive transmission additives, are formulated to enhance the functionality and longevity of essential drivetrain components, including automatic and manual transmissions, differentials, and transfer cases. These additives are usually incorporated into lubricants, such as transmission fluids and gear oils, to provide several essential benefits.
According to FMI’s recent market study, the Driveline additives Market is projected to exhibit a CAGR of over 4.5% and reach US$ 12,260.5 Million by the end of the forecast period (2022-2029).
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Key Takeaways of Driveline Additives Market Study
- The transmission fluid additives segment is witnessing high growth in the global driveline additives market. The rising focus of OEMs on fuel efficiency, along with the growing adoption of innovative technologies such as dual-clutch technology (DCT), is poised to drive demand for transmission fluid additives over the forecast period.
- APEJ is estimated to be the largest market for driveline additives by the end of 2029. The growth of the APEJ market is mainly attributed to rapid industrialisation in the region.
- One of the major and emerging trends in the global driveline additives market is the development of high-efficiency and environmentally sustainable (biodegradable oil/additives) additives at a low cost.
Driveline Additives Market: Competitive Landscape
The global driveline additives market is estimated to be highly consolidated, with tier-1 players accounting for nearly half of the market share.
Some of the key market players included
- Lubrizol Corporation
- Chevron Oronite Company, LLC
- BRB International BV
- Vanderbilt Chemicals, LLC
- Infineum International Limited
- Afton Chemical
- Lubrilic Corporation
- BASF SE
Manufacturers are striving to gain additional market share in the driveline additives market using strategic expansions, collaborations, and product innovation. In addition, key players are currently focused on investing in new manufacturing facilities and expanding their existing ones in emerging markets to strengthen their market position across the globe.
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Driveline Additives Markey by Category
By Product Type:
- Transmission Fluid Additives
- Gear Oil Additives
By Application:
- Passenger Cars
- Commercial Vehicles
- Off-Highway Vehicles
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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