The global driveline additive market size, currently valued at USD 9.3 billion in 2023, is projected to grow to USD 15.2 billion by 2033, registering a steady CAGR of 5.1% during the forecast period. This market is expected to outpace conventional lubricant additives due to the expanding use of driveline additives in both on- and …
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Driveline Additive Market to Reach USD 15.2 billion by 2033: Fuel Efficiency & Emission Norms Drive Growth
The driveline additive market size is poised for significant expansion, with an estimated value of USD 9.3 billion in 2023, projected to soar to USD 15.2 billion by 2033, marking a steady growth rate of 5.1% over the decade. This growth is driven by the widespread adoption of driveline additives, which offer versatile benefits across both …