Market Research Blog

Global anti-pollution ingredients market revenue currently stands at US$ 870.4 Mn, and is predicted to exhibit progression at a steady CAGR of 5.4% to reach a market valuation of US$ 1.4 Bn by the end of 2031.

Future Market Insights (FMI) has released a new intelligence outlook that predicts a promising growth outlook for the global anti-pollution ingredients market in the coming years, owing to a dramatic increase in the incorporation of active, functional ingredients in personal care (PC) and cosmetic products with an anti-pollution effect.

Non-traditional Ingredients Gaining Momentum

Based on the market analysis by the type of anti-pollution ingredients, polymer-based and antioxidant ingredients remain highly preferred among both, manufacturers and consumers. However, the market has been witnessing novel innovation patterns involving non-traditional active ingredients such as vitamin E and A, and polymer based ingredients. Anti-pollution ingredients such as plant extracts, activated charcoal, and metal chillers are gathering momentum in the market over the recent past.

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As consumers continue to seek ‘natural’ product labels and claims of protection from direct contact between skin and pollutants, manufacturers of anti-pollution ingredients are maintaining focus on innovative formulations.

Enhancement of the efficacy of existing ingredients and evaluation of the same of newly found ingredients to be used in the anti-pollution ingredients category currently interests a majority of leading players in the market.

Procter & Gamble recently joined forces with botanists of Royal Botanic Gardens (London) to evaluate the efficacy of naturally sourced ingredients for potential use in former’s new range of anti-pollution skin care products. Evonik also recently expanded its portfolio with new ingredients for use in ‘of-the-moment’ applications, including anti-pollution cosmetics and PC products.

Competitive Landscape

Leading anti-pollution ingredient manufacturers are focusing on the research & development of eco-friendly and natural ingredients. Key players in the anti-pollution ingredients industry are also investing in mergers and acquisitions to increase their market presence across multiple regions.

• In January 2022, Chanel, the French luxury brand announced a new line of sustainable beauty products. The No. 1 de Chanel is the first line-up of the French brand into eco-conscious skincare and makeup industry that is seeing a bright outlook with growing environmental awareness. The formulations are comprised of almost 97% natural ingredients and come in recyclable packaging as well.
• In April 2021, Greentech announced the launch of a new active ingredient. The new natural active ingredient called CIRCALYS is developed from the Green Chiretta plant. It has detoxifying properties and is used in Ayurvedic traditional medicines

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Key Segments of Anti-Pollution Ingredients Industry Survey

Anti-Pollution Ingredients Market by Ingredient Type:

• Activated Charcoal
• Algae and Kelp
• Chinese Herbs
• Antioxidants
  • Vitamin A
  • Vitamin B
  • Vitamin C
  • Vitamin E
• Minerals
  • Sea Salt Minerals
  • Malachite Extract
• Polymer Based Ingredients
• Others

Anti-Pollution Ingredients Market by Application:

• Skincare
  • Sun Care Products
  • Anti agers
  • Moisturizers
  • Facial Masks
  • Cleansers
  • Others
• Hair Care
  • Shampoos
  • Conditioners
  • Others
• Colour Cosmetics

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Anti-Pollution Ingredients Market by Region:

• North America Anti-Pollution Ingredients Market
• Latin America Anti-Pollution Ingredients Market
• Europe Anti-Pollution Ingredients Market
• East Asia Anti-Pollution Ingredients Market
• South Asia & Pacific Anti-Pollution Ingredients Market
• Middle East & Africa (MEA) Anti-Pollution Ingredients Market

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified 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.

Contact:

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The deodorants without aluminium market is anticipated to reach over US$ 1.5 billion in 2022 and expand at a CAGR of nearly 9.1 per cent from 2022 to 2029. Due to the high demand for natural products, the personal care products business has significant growth potential.

Deodorants without aluminium are aroma items made for customers that like natural goods. Due to consumers’ shifting preferences, natural and organic products, such as deodorants without aluminium, are in high demand in industrialised nations.

Customers are worried about their hygiene and wellness. Deodorants without aluminium provide a number of benefits over synthetic deodorants, including the use of natural chemicals that don’t harm the skin.

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Aluminum-Free Deodorant Market Witnessing Innovative Product Launches

The existence of modern-age technology is resulting in the introduction of innovative solutions, especially in the skin care segment, which is encouraging a large number of people who are interested in trying out new products to adopt aluminium-free deodorants, sprays, and roll-ons.

Moreover, the presence of a large number of players has resulted intense competition in the aluminium-free deodorant market. Hence, market players are introducing new and innovative products, such as aluminium-free deodorant creams, gels, and wipes, to stay ahead in the competition.

Globally, the aluminium-free deodorant market is gaining traction due to factors such as an increase in the number of working women across the globe, which has resulted in an increase in spending on personal grooming with products that contain natural ingredients such as deodorants, creams, moisturisers, and anti-hair fall products.

Additionally, an additional reason boosting sales of premium quality personal care products that contain natural ingredients is the growing purchasing power of women aged 25 and older.

However, there are several drawbacks to using deodorants without aluminium that are likely to impede the market’s expansion. For instance, synthetic deodorants containing aluminium stay on the skin longer than deodorants without aluminium do, and they also block sweat, which is useful for athletes and customers participating in sports and fitness activities.

In addition, aluminium-free deodorants are priced higher than regular deodorants as they are natural and organic. These factors have changed the perception of consumers regarding the usage of aluminium-free deodorants, thus restraining the growth of the aluminium-free deodorant market across the world.

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On the other hand, rising disposable income, increase in self-indulgence, adoption of a western lifestyle, globalisation, the changing retail landscape, and rapid innovations in product development as well as distribution channels are among the major factors boosting the aluminium free deodorant market.

The aluminium-free deodorant market is primarily segmented based on product type, packaging type, end user, and sales channel. The aluminium-free deodorant market in the South Asia region is expected to grow at higher pace during the forecast period. Based on end user, the market is segmented into men, women, and unisex.

The men category in the aluminium-free deodorant market is prominent, and holds a major share of the aluminium-free deodorant market. Based on the sales channel, the aluminium-free deodorant market is categorised as dedicated stores, dedicated e-commerce, speciality retailers, multi-brand stores and online retailers.

Key Players in the Aluminium-Free Deodorant Market

A brief analysis of the profiles of companies operating in the aluminium-free deodorant market are also provided in this report to evaluate their key products offerings, strategies, and recent developments. Some of the key participants profiled in the global aluminium-free deodorant market report include Unilever PLC, Beiersdorf Inc., Weleda Company, Avon International, Colgate-Palmolive, Henkel, Proctor and Gamble, L’Oréal, Shiseido, Estee Lauder, and Adidas, among others.

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Market by Category

By Product Type :

• Roll-On
• Powder
• Wipes
• Spray
• Cream
• Gel

By End User :

• Men
• Women
• Unisex

By Packaging Type :

• Plastic Spray Bottles
• Pump Bottles
• Metal Spray Bottles
• Roll on sticks

By Sales Channel :

• Dedicated Stores
• Dedicated E-commerce
• Specialty Retailers
• Multi-brand Stores
• Online Retailers

By Region :

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified 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.

Contact:

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As per newly released data by Future Market Insights (FMI), the lip powder market is estimated at US$ 439.7 Mn in 2022 and is projected to reach US$ 592.1 Mn by 2027, at a CAGR of 6.1% from 2022 to 2027. The share of the lip powder market in its parent market (cosmetics market) is close to ~0.5%-2%.

Roughly equating US$ 350 Mn in 2022, the global Lip Powder Market revenue is poised to see an impressive growth outlook over next eight years. According to a market report published by Future Market Insights, titled ‘Lip Powder Market: Global Industry Analysis and Opportunity Assessment 2022-2027,’ lip powder products sales will account for a healthy CAGR of just-under 6% during the forecast period (2022-2027). APEJ (Asia Pacific excluding Japan) will continue to hold the highest revenue share in the lip powder market, says the report.

Potential Superiority over Lipsticks & Other Conventional Lip Products Accounts for Billowing Sales of Lip Powder

The lip powder market is yet to reach its peak of growth and currently reflects a high growth potential in the beauty and personal care products industry, as indicated in FMI’s study. Lip powder is considered the latest trend or evolution in lipsticks that offers several advantages over conventional lipsticks, which is among the key factors driving popularity of lip powder.

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Globally, the lip powder market is gaining traction due to the advantages of lip powder over conventional lipsticks. Lip powders are infused with hydrating oils and Vitamin E, which provide a smooth and long-lasting finish. One of the unique features of lip powder is the combination of matte and shimmer, which is hard to achieve with conventional lip products.

Unlike conventionally used lipsticks, lip powder gets absorbed into the lips and provide them with a smooth texture with long-lasting color and vibrant look. Introduction of innovative beauty products continues to encourage a large number of people to experiment with choices of products as well as brands, and lip powder marks one of the recent hottest trends in the beauty and cosmetic industry.

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Product Innovations – Key to Success in Lip Powder Market

Currently, lip powders are available in the market in two forms – viz. palettes and pen. Both these forms are different by nature and by methods of application. Lip powder palettes that currently account for more than 55% of total sales will remain the strongest selling product category, according to FMI. The report attributes dominance of lip powder palettes over lip powder pens to higher convenience associated with the former.

Rapid product innovations and the ever-evolving retail landscape are likely to be the key factors associated with strengthening of distribution channels, for leading players active in lip powder market.

However, lip powders have certain limitations, which are likely to restrain the growth of the market. These limitations include the perception or fear of exposing any flaws in the lip texture. Several consumers also doubt applicability of lip powder on a daily basis and find it gaudy over routine lipsticks. In addition, lip powder is yet to completely enter the comfort zone of a majority of women’s cosmetic regime, which will remain a challenge to rapid growth of the lip powder market.

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Key Players in the Lip Powder Market Profiled in Report

Deep-dive analysis of strategic profiles of key companies operating in the lip powder market are covered in the global lip powder market report, in a bid to help participants understand and evaluate their key products offerings, strategies, and recent developments.

Some of the key participants profiled in the global lip powder market report include Maybelline LLC, Urban Decay Cosmetics, BUXOM Cosmetics, Clinique Laboratories LLC, CLE COSMETICS, Lique Cosmetics Company, Revlon, Inc., Cult Beauty Company, CHANEL Company, Essence Cosmetics Company, Sephora USA, Inc., Huda Beauty Company, L’Oréal S.A., NYX PROFESSIONAL MAKEUP, and Christian Dior SE.

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified 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.

Contact: 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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The CBD skincare market is estimated at US$ 2,359.5 Mn in 2022 and is projected to reach US$ 10,376.4 Mn by 2028.The coronavirus outbreak and subsequent lockdown measures have pushed consumers to focus their spending on essential commodities. Disruptions to raw material supplies have also impacted the market.

However, strong demand for CBD skin care products is helping in recovery of the industry, particularly through online distribution channels. As per newly released data by Future Market Insights (FMI), the CBD skin care market is anticipated to display a staggering 26% CAGR during the forecast period between the years 2020 and 2030.  On the other hand the market reflected a CAGR of ~21.1% from 2013 to 2021. The share of the CBD skin care market in its parent market (skin care market) is close to ~1%-2%.

“The global CBD skin care market has benefited significantly from the legalization of cannabis in multiple countries. Also, growing awareness about the antioxidant benefits of the CBD infused skincare products will support the

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CBD Skincare Market- Critical Takeaways

• CBD-infused serums and masks are witnessing high demand, owing to higher efficacy and easy application.
• Hemp based skin care products are witnessing relatively higher demand than marijuana alternatives owing to high efficiency as emollients, surfactants, conditioner, and cleansers.
• North America remains the leading market for CBD skincare products owing to widespread legalization efforts in Canada and the United States.

CBD Skincare Market- Drivers

• Legalization of marijuana and cannabis based cosmetic products is a critical factor aiding market growth.
• Niche application potential for psoriasis and acne issues, derived from anti-inflammatory characteristics drive create lucrative opportunities.

CBD Skincare Market- Restraints

• Fluctuation in the prices of raw materials is a key challenge faced by CBD skincare product manufacturers.
• Lack of legalization and lobbying for marijuana particularly in Asian countries restrains market growth.

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Coronavirus Impact on CBD Skincare Market

With the coronavirus affecting countries around the globe, potential buyers for CBD skincare products are focusing their expenditure towards essentials. Further, the fear of recession has impacted investments into the CBD skincare market. In addition, CBD and hemp shipments have taken a hit. CBD skincare product manufacturers are focused on the optimization of global, national, and local supply chains to process shipments, while being in compliance with strict safety standards.

Competitive Landscape

Fab CBD Company, Kiehl’s LLC, Medical Marijuana Inc., Cannuka LLC, Elixinol Global Ltd., Green Growth Brands, Endoca LLC, Josie Maran Cosmetics, Naturally Splendid, Lord Jones, Leela Body Care Co., The CBD Skincare Co., Vertly Hemp, CBD for Life, and Myaderm are some of the leading players in the CBD skincare market.

Manufacturers in the CBD skincare market are primarily investing in the development and launch of new product lines to cater to the requirements of varying consumer demographics.

For instance, Perricone MD has announced the release of its hypoallergenic CBD skincare line, aimed towards consumers with sensitive skin. Similarly, e.l.f. Beauty has unveiled a new full spectrum CBD product line including 5 body and face products. Further, OTO has released a new CBD skincare range including body oils, face masks, night eye treatment, and night cream.

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Global CBD Skin Care Market by Category

By Product Type, Global CBD Skin Care Market is segmented as:

• Creams
• Moisturizers and Lotions
• Balm
• Serums
• Face & Body Cleansers
• Others

By Price Range, Global CBD Skin Care Market is segmented as:

• Economic
• Premium

By Packaging Type, Global CBD Skin Care Market is segmented as:

• Pump
• Tubes
• Jar/ Bottles
• Sticks
• Others

By Source Type, Global CBD Skin Care Market is segmented as:

• Natural & Organic
  • Marijuana Derived CBD
  • Hemp-Derived CBD
• Synthetic

By Region, Global CBD Skin Care Market is segmented as:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

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Future Market Insights (ESOMAR certified 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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According to a report by Future Industry Insights, the portable dishwashing market is estimated at USD 1.1 billion in 2022 and is projected to reach USD 1.5 billion by 2027, at a CAGR of 4.7% from 2013 to 2021. Share of portable dishwasher market in its parent market (kitchen appliances market) is approximately ~0.2%-0.4%.

The multi-modal operability and smart selection cycle are driving consumer desire for portable dishwashers. Along with reduced noise, water and power use, affordability will continue to be a key demand factor for portable dishwashers.

The portable dishwasher market also benefits from its simplicity of use and low maintenance needs.

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2013-2021 Global Portable Dishwasher Market Outlook Compared To 2022-2027 ForecastDuring the past few years, the buying patterns of the consumers has changed drastically. While buying any product the main focus of the consumer is towards comfort, convenience, compactness and technological advancement of the products.

The supply side participants are also trying to come up with products which minimize human efforts and at the same time provide better efficiency to the consumers. Portable dishwasher is one such electronic appliance.

Portable dishwasher is a necessity for the people in developed countries but is still a luxury for the people living in most of the developing countries. Time is a luxury these days which lead the consumers to incline towards products which are useful in reducing their efforts and at same time helping them to carry out daily life processes.

Economic Price Point & Compact Design Become ParamountA majority of portable dishwasher manufacturers continue to focus on developing compact, economic, and time & space efficient models. While customers in developed regions prefer premium, high-performance portable dishwasher models over budget models of portable dishwasher, the contrasting case in developing economies is pushing adoption of medium- and low-priced portable dishwasher models.

Automation of dishwashing is gradually gaining ground across emerging Asian and Middle Eastern countries, owing to which portable dishwasher sales are likely to observe steady growth in coming years.

With more than 2X of portable dishwasher units sold in commercial sector, the residential sector is registering healthy adoption of portable dishwasher. However, portable dishwasher has been experiencing improving penetration in commercial applications recently, which is in turn bolstering revenue growth of portable dishwasher market.

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Accounting for around half of the total revenue of portable dishwasher market, medium price remains the most favored range among portable dishwasher customers. Based on the dishwashing capacity, customer preference for portable dishwasher models with 5-10 place setting is likely to be higher over those with 10-15 place setting, which can be attributed to compact size and lower price point associated with the former.

The report estimates portable dishwashers with 5-10 place setting capacity to hold nearly 70% market share in 2022.

While exclusive and multi-brand stores contribute a massive share in the sales of home appliances such as portable dishwasher, the portable dishwasher market revenue is anticipated to discover higher growth opportunities in the online retail segment. FMI projects healthy annual growth in online sales of portable dishwasher market in 2022 and ahead.

Europe Largest Customer Base for Portable Dishwasher ManufacturersEurope, reportedly the largest portable dishwasher consumer region, accounts for a whopping collective share in the global market revenue, with North America. While this value share equates over 3/4^th of the total revenue generated through portable dishwasher sales globally, the report forecasts higher annual growth prospects for North America’s portable dishwasher market.

Moreover, Asian countries are registering moderately growing adoption of portable dishwasher, making Asia Pacific (excluding Japan) the third largest consumer of portable dishwasher market.

With a large number of multinational and regional players, the global landscape of portable dishwasher is fairly fragmented. However, global appliance giants including Samsung Electronics Co. Ltd., The Whirlpool Corporation; Smeg S.p.A., IFB Industries Limited, Asko Appliances AB, and Haier Group Corporation hold a major revenue share, indicates research.

As suggested by the competition analysis included in the report, manufacturers of portable dishwasher and other appliances prefer to maintain their strategic focus on high energy efficiency during new product launches. Regional players are also seeking ENERGY STAR certifications to promote their portable dishwasher models.

The report tracks portable dishwasher market performance over an eight-year forecast period, 2022-2027. Expecting a healthy CAGR of 5.5% through 2027, FMI projects an overall positive growth outlook for global portable dishwasher market in the years to come.

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Global Portable Dishwasher Market By Category By Capacity :

• 5-10 Place Settings
• 10-15 Place Settings
• Above 15

By Application :

• Residential
• Commercial

By Price Range :

• Under US$ 50
• US$ 50 – US$ 100
• US$ 100 – US$ 200
• Above US$ 200

By Sales Channel :

• Wholesalers/ Distributors
• Multi-brand Stores
• Exclusive Stores
• Online Stores
• Other Sales Channel

By Region :

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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Future Market Insights (ESOMAR certified 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.

Contact:

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The anti-wrinkle products market is valued at US$ 9.1 Billion in 2021. The market is likely to grow at a CAGR of 5.8% through 2027, reaching US$ 12.8 Billion.

Surging retail availability of a wide range of anti-wrinkle products, coupled with a dramatic rise in the number of brands providing diverse anti-aging products, is projected to play a significant role in the revenue growth of anti-wrinkle products market.

Skincare has been an important segment driving the personal care and cosmetics industry, of which anti-aging products capture a sizable share. Increasing personal investment in self-grooming, especially anti-aging products, will sustain the sales of anti-wrinkle products in the global landscape.

At an estimated year on year revenue growth rate of roughly 6%, in 2019 and 2020, global landscape of anti-wrinkle products is likely to witness a prominent push from the premiumization trend that has been shaping anti-wrinkle products space in the recent past.

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With a current share of just-under a third of the total market valuation, Asia Pacific (excluding Japan) remains the global leader, as indicated by the report. North America, Europe, and Japan are also positioned as attractive investment territories for investors in anti-wrinkle products landscape.

The Visible Rise of Natural & Organic to Shape Market Performance

Holding more than half of the total market value, creams & moisturizers are foreseen to remain the dominant shareholder in anti-wrinkle products market on account of sustained consumer preference for cosmeceuticals based on creams and moisturizers, especially in developing regions.

• Celebrity endorsements remains a major influencing factor here, according to the report.
• Posing stiff competition to synthetic anti-wrinkle products, organic and naturally sourced anti-wrinkle products are gaining ground at a brisk pace, according to the report.
• In addition, the reports points to steadily rising popularity of branded and premium quality anti-wrinkle products as an expanding consumer population is prioritizing quality over everything, before purchasing skincare products.
• Clean-label anti-wrinkle products continues to constitute a notable trend that holds a strong impact on the purchasing decision of consumers.

Breakthrough Anti-wrinkle Treatment May Hold a Long-term Impact on Anti-wrinkle Products Sales

With an objective to overcome the complexities associated with Botox and a heap of fillers, a breakthrough treatment – Profhilo is launched recently, this year. The treatment is being claimed to rehydrate, moisturize, and retexture aging skin. Emergence of such innovations, following the already popular high-end anti-wrinkle treatments such as Botox and fillers, is likely to hold a considerable impact on the sales of anti-wrinkle products.

“While this could be the situation specifically for a premium consumer segment, it would not be an overstatement to expect its considerable influence on anti-wrinkle products market growth in the long run,” says a senior analyst at FMI.

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The report covers extensive profiles of some of the prominent player’s active in global anti-wrinkle products marketplace, including Allergan PLC; Avon Products Inc., L’Oréal S.A., Unilever, Revlon, Inc., Oriflame Cosmetics AG, Lotus Herbals Limited, Procter & Gamble Co., Nature Republic, and a few others.

Some of the prominent brands leading regional markets, such as Sisley Paris, are maintaining the R&D focus on existing portfolio expansion.  Sisley’s recently launched concentrated anti-wrinkle serum adds value to the company’s previous offerings and is claimed to more efficiently address the typical aging signs that are resultant of multiple environmental, genetic, and behavioral factors. The new launch reportedly includes plant-based ingredients that help optimization of the lifecycle of human skin cells.

A large number of anti-wrinkle products manufacturers are also investing efforts in R&D of innovative, multifunctional formulations that could effectively address multiple aging signs besides wrinkles, simultaneously. Targeting untapped opportunities in retail and organized sales channels, established companies in anti-wrinkle products market are focusing on enhancing the space on retail shelves and strengthening sales network. Market participants in developing economies are more likely to implement aggressive pricing strategies to remain a step ahead of competitors.

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Anti-Wrinkle Products Market Key Segment

By On the basis of product type

• creams & moisturisers
• cleansers
• other products

By On the basis of nature

• natural/herbal
• synthetic
• organic

By On the basis of end-user

• men
• women

By On the basis of sales channel

• pharmacies
• specialty outlets
• supermarkets/hypermarkets
• convenience stores
• beauty stores
• e-retailers
• others

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified 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.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Employment of stringent emission guidelines around the world and constant requirements of hardware durability are projected to create substantial opportunities for key market players. According to FMI’s recent market study, the driveline additives market is projected to exhibit a CAGR of over 4% and reach US$ 12 Billion by the end of forecast period (2022-2029).

Driveline Additives Market Value (2021A)	US$ 8,607.2 Mn
Driveline Additives Market Estimation (2022E)	US$ 8,983.2 Mn
Driveline Additives Market Forecast (2029F)	US$ 12,260.5 Mn
Value CAGR (2022-2029)	4.5%
Collective Value Share: Top 3 Countries (2021A)	31.7%

Driveline additives are designed to optimize automotive performance and help reduce energy loss. Driveline additives help ensure smooth functioning of the drivetrain, and, in turn, enhance hardware life. Extended hardware durability translates directly into increased profitability and return on investment for everyone in the supply chain.

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 in the report are The Lubrizol Corporation, BASF SE, and Chevron Oronite Company, LLC, among others.

Manufacturers are striving to gain additional market share in the driveline additives market by means of strategic expansions, collaborations, and product innovation. Also, 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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Key Takeaways of Driveline Additives Market Study

• The transmission fluid additives segment is witnessing high growth in the global driveline additives market. Rising focus of OEMs on fuel efficiency, along with 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. 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 has been found to be the development of high-efficiency and environmentally-sustainable (biodegradable oil/additives) additives at low cost.

Find More Valuable Insights on Driveline Additives Market

FMI, in its new research report, offers an unbiased analysis of the global driveline additives market, presenting historical demand data (2014-2021) and forecast statistics for the period of 2022-2029. The study reveals insights on the driveline additives market, and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the driveline additives market value chain.

Readers can also find key trends and market growth scenarios based on end-use industry and regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA.

What was the Impact of COVID-19 Crisis on Driveline Additives Market?

Impact of the COVID-19 pandemic on the chemicals and materials industry was significant. Several production facilities were entirely shut down because of the lockdown, which had a direct impact on sales of driveline additives. However, the pandemic led to an increase in demand for driveline additives which help in maintenance of vehicles.The pandemic led to many vehicles being rendered of less usage. They were stagnant for months and months in some households. This made the application of driveline additives like detergents, dispersants and emulsifiers, and anti-wear additives, quite crucial in order to protect and safe guard the vehicles.As numerous production facilities have reopened, the industry is progressively rebounding from losses, resulting in positive sales prospects in the driveline additives market. Increasing prospects of transmission fluid additives are also expected to boost demand for the product in the forthcoming years.

For critical insights on this market, Request to Ask an Expert here @ https://www.futuremarketinsights.com/ask-question/rep-gb-700

Driveline Additives Market 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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

3. Market Background

4. Global Driveline Additives Market Demand Analysis 2014-2021 and Forecast, 2022-2029

5. Global Driveline Additives Market – Pricing Analysis

6. Global Driveline Additives Market Demand (in Value or Size in US$ Mn) Analysis 2014-2021 and Forecast, 2022-2029

continued…!

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About FMI

Future Market Insights (ESOMAR certified 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.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/driveline-additives-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs