Increasing Off Road Applications Burgeoning Demand for Driveline Additives, Finds Fact.MR
Jan 23, 2020
Driveline additives market is projected to grow at a higher rate over conventional lubricant additives market, due to its numerous on-road and off-road applications.
Dublin, Ireland - January 23, 2020 /MarketersMedia/ —
Increasing demand from off road applications for improved friction durability, fuel efficiency and high torque capacity will burgeon the demand for driveline additives. To offer a dedicated solution to increase overall vehicle efficiency and component protection, demand for driveline additives is poised to expand at a CAGR rate of ~5% during the assessment period (2019-2029). Driveline additives are formulated to feature extended drain intervals, temperature stability, and wear resistivity which will push its demand in automotive and industrial applications. Increased focus towards reducing fuel and energy consumption has given birth to continuously variable, and dual-clutch transmission technology, where driveline additives are becoming lucrative.
Key Takeaways of Driveline Additives Market:
- Increasing need for low-temperature fluidity and oxidation stability will upsurge the demand for driveline additives in automatic transmission fluids over the forecast period.
- Efficacy to offer enhanced performance and improved lubrication against friction is likely to propel its demand in construction, mining, and forestry equipment.
Request Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=4465
- Transmission fluid additive type is projected to continue its reign in the market and is forecast to account for over half of the market by 2029
- Passenger cars have dominated the demand for driveline additives in 2018 and are set to drive the demand for driveline additives with a leading growth rate over other applications.
- Europe is projected to continue its supremacy among other regions accounting for over one-third of the global demand in 2029
- APEJ is forecast to grow at a leading growth rate of ~9% among other regions during the assessment period.
“Efficacy to offer many years of trouble-free performance and unrivaled friction control will fuel the demand for driveline additives, says the Fact.MR analyst.”
Request Research Methodology- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4465
Key Players Account for One-fourth Market Share, with Focus on Emerging Economies
Afton Chemical Corporation, BASF SE, BRB International, Chevron Oronite Company, LLC, Infineum International Limited are the prominent stakeholders in the driveline additives market. Top five players accounted for nearly one-fourth of the market share in 2018. Players are focusing on emerging economies to gain huge profits and have been focusing on contracts with distributors in the region. Prominent players are striving to create a monopoly by offering innovative products to sustain extreme pressure and anti-corrosion properties for industrial use. Furthermore, increasing off-road applications in agriculture, construction, mining, forestry and heavy machinery will provide remunerative opportunities to market players.
More Valuable Insights on Driveline Additives Market:
Fact.MR, in its new offering, presents an unbiased analysis of the driveline additives market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029. The study divulges essential insights on driveline additives on the basis of type (transmission fluid additives and gear oil additives) and application (passenger cars, commercial vehicles and off-highway vehicles) across six major regions.
To Get more insights on driveline additives market, visit- https://www.factmr.com/report/4465/driveline-additives-market
About the Chemicals & Materials Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations - the Chemicals & Materials team at Fact.MR helps clients from all over the globe with their unique business intelligence needs and requirements of entire value chain of Chemical & Materials sector. A team of passionate analysts track the performance of the existing Chemicals & Materials as well as those that have just entered their product life cycle. With a repertoire of over 1,000 reports and 1 million plus data points, the team has analyzed the Chemicals & Materials lucidly in 50+ countries for over a decade. The Chemicals & Materials team at Fact.MR has been assisting clients in their business expansion as well as new venture, through their analysis and recommendations.
PR Source- https://www.factmr.com/media-release/1245/global-driveline-additives-market
Contact Info:
Name: James Hilton
Email: Send Email
Organization: Fact.MR
Website: https://www.factmr.com/
Source: MarketersMedia
Release ID: 88943910
More News
Impeach court OKs defense request to cancel trial on Friday
MANILA, Philippines — The Senate impeachment court has granted the defense’s move to cancel the scheduled trial on Friday since they no longer have a slated witness to testify that day. Lead defense counsel Sheila Sison made the request after both prosecution and defense agreed to dispense with the latter’s witness testimony on Thursday. READ: Prosecution seeks
Albay town adjusts school hours to cope with Super El Niño
LEGAZPI CITY — Public elementary and secondary schools in Oas, Albay, will shift to a class schedule that starts at 6 a.m. and ends at noon starting Monday, Nov.16, to protect learners and school personnel from extreme heat associated with Super El Niño. Oas Mayor Jan Kenneth Trinidad issued Executive Order No. 43, Series of
Padilla dares VP Duterte trial prosecutors: Investigate my expenses
MANILA, Philippines — Senator-judge Robinhood Padilla dared the prosecution in Vice President Sara Duterte’s impeachment trial to investigate him, following repeated remarks during the proceedings that public officials and their families should lead simple and modest lives. Defense witness Chadrin Parian confirmed on the 43rd day of the trial that Duterte’s husband, Atty. Manases Carpio,
PNP hunts drug network behind P455.6M shabu haul in Zamboanga
MANILA, Philippines—The Philippine National Police (PNP) is pursuing a wider investigation to identify and dismantle the drug network behind the seizure of 67 kilograms of suspected shabu worth P455.6 million in Zamboanga City. A joint operation by the PNP and the Philippine Drug Enforcement Agency (PDEA) on Wednesday also led to the arrest of four
Police form task group to probe judge’s ambush in Zamboanga City
PAGADIAN CITY, Zamboanga del Sur – Police activated a special investigation task group (SITG) to track down the gunmen behind the fatal ambush of a judge Thursday dawn in Zamboanga City, regional police officials said. Brig. Gen. Elmer Ragay, director of the Police Regional Office in Zamboanga Peninsula (PRO-9), created the task group to handle
House OKs bill allowing students with unpaid fees to join graduation rites
The House of Representatives has approved on second reading House Bill 11579 or the Kapakanan ng Magsisipagtapos Bill, which prohibits schools from denying a graduating student with financial or property obligations from participating in graduation ceremonies.
DOJ: Complainants' consent among factors in US extradition request for Quiboloy
An executive from the Department of Justice (DOJ) said that one of the factors being considered in the extradition request of the US for Kingdom of Jesus Christ (KOJC) founder Apollo Quiboloy is the consent of Philippine complainants, but maintained that the process itself was sui generis.
Several tourists from Metro Manila flock to Tagaytay ahead of long weekend
Several tourists from Metro Manila have begun visiting Tagaytay City ahead of the long weekend, which coincides with the 2026 ASEAN Summit.
Supreme Court looking into killing of Basilan RTC judge
MANILA, Philippines — The Supreme Court is looking into the killing of Basilan Regional Trial Court Presiding Judge Joseph Wee Sit and has vowed to support his family. The high court said in a statement that it is working closely with law enforcement agencies to investigate the killing of Judge Sit of the Basilan Regional
/file/publisher-c1a3f893382d2b2f8a9aa22a654d9c97/2024/10/1036d107e6a88213d0cba29714345ef7.jpg)
20 years on, Mongolia urges fair hearing of Altantuya family’s court challenge
Requests submitted to Putrajaya, including updates on court proceedings.
Duterte impeachment trial to resume after Asean Summit
MANILA, Philippines — The impeachment trial of Vice President Sara Duterte was adjourned on Thursday and is set to resume on Nov. 19, after the Association of Southeast Asian Nations (Asean) Summit. “Trial is adjourned until November 19, 2026, that’s a Thursday at 10 o’clock in the morning,” presiding officer Francis Escudero said. Lead defense
Kakampink defense lawyer? Poa says nothing wrong with that
Defense counsel and spokesperson Michael Poa on Thursday addressed the social media posts indicating that one of the lawyers on Vice President Sara"s team for the impeachment trial supposedly supported former Vice President Leni Robredo in the 2022 presidential elections.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.